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Oil steady as US jobs, dollar balance Asia gloomOil steadied on Thursday as a lower dollar and strong US employment data balanced weak Japanese trade figures which sounded alarm bells over the prospects for global growth. The number of Americans filing new a More… |
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Markets decline further as global gloom persistsMost stock markets in the Middle East continued to decline on Wednesday as global equities remained under pressure and disappointing quarterly earnings and forecasts weighed on bourses in Oman and Kuwait. While selling of Gulf sto More… |
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Factory output data deepens India gloomIndia's economic gloom deepened yesterday with a surprise contraction in industrial output, a fall in exports and a jump in the trade deficit, underscoring the enormity of challenges awaiting a new government that takes over in May. More… |
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Gloom builds for euro zone, USThe euro zone economy worsened markedly last month and US employers cut back on hiring, according to two reports on Friday that dampened hopes for gradual recovery on either side of the Atlantic. In Europe, the purchasing managers indexes More… |
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India economic gloom deepensIndia's economic gloom deepened on Wednesday as figures showed a record low rupee is adding to the central bank's inflation headache and an adviser to the prime minister said there was little that could be done to check the currency's More… |
