Tuesday, June 19, 2018

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COMMODITIES

U.S. retail sales, inflation data highlight weak first quarter growth

NEW YORK: U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over...

New Silk Road, first train from London leaves for China

LONDON: The journey to connect London to China by reviving the old silk road  under China’s One Belt, One Road initiative started with the first...

Oil climbs after reports that Saudi Arabia wants output cuts extended

LONDON: Crude oil prices turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output...

Work on South Africa’s $72 billion nuclear plant to start in June

JOHANNESBURG: South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

COMPANIES

Tesco wins UK regulator’s final approval for Booker takeover ​

LONDON: Britain’s competition regulator on Wednesday gave final clearance to Tesco’s (TSCO.L) 3.7 billion pound takeover of wholesaler Booker (BOK.L), tightening the grip of...

Air Berlin CEO sees two or three buyers for its assets

BERLIN: Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided...

UK to release tranche of Brexit position papers

LONDON: Britain will issue a cluster of new papers this week to outline its strategy positions in divorce talks with the European Union, ranging...

Uber’s revenue hits $6.5 billion in 2016, still has large loss

Ride-hailing service Uber Technologies Inc generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on...

Rio Tinto pays $4 billion in 2016 taxes

LONDON: Mining giant Rio Tinto Ltd said on Sunday it paid $4 billion (3 billion pounds) in taxes and royalties globally in 2016, a 12...

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