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Economy

Global household wealth drops for first time since 2008 crisis - study

Sep 19 2019 05:00

Household wealth excluding property in the world's 53 largest countries fell slightly last year, in a first since the financial crisis of 2008, German insurance giant Allianz has said.

World

Fed makes second straight rate cut, splits on further action

Sep 18 2019 20:36

Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further easing

World

Why the oil price shock couldn’t come at worse time for the world's economy

Sep 17 2019 05:00

The record oil-price surge after a strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn.

Economy

Next Trump tariffs may soon hit Europe’s luxury-goods exporters

Sep 17 2019 13:51

Some of Europe’s top luxury brands are targeted in President Donald Trump’s latest tariff salvo, which could affect billions of dollars in exports of American-bound whiskeys, wine, Champagne, handbags and men’s suits.

World

Saudis race to restore oil output after Aramco attacks

Sep 16 2019 06:00

Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, removing about 5% of world supply.

World

UAE doesn't expect Boeing 737 Max to fly again this year

Sep 15 2019 13:41

The Boeing 737 Max is unlikely to be back in service before next year, the United Arab Emirates’ aviation regulator has said, contradicting the manufacturer’s timeline for its return.

World

LSE snub of HKEX shows doubts over Hong Kong: People’s Daily

Sep 15 2019 12:11

The London Stock Exchange Group’s rejection of a takeover proposal from Hong Kong Exchanges & Clearing shows that there are doubts around the world over Hong Kong’s development potential, according to a People’s Daily commentary.

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World

Drone attacks may impact Saudi Aramco IPO valuation, Eurasia says

Sep 15 2019 08:56

Attacks on Saudi Arabia’s oil facilities may impact Aramco’s valuation but are unlikely to derail the kingdom’s plan to sell shares in the oil giant, according to the Eurasia Group.

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