Saudi Aramco net profit drops less than expected, shares inch up
By Hadeel Al Sayegh and Yousef Saba DUBAI (Reuters) -Saudi Aramco on Tuesday reported a 23% fall in third-quarter net
2023-11-07 18:17
Saudi Budget Deficit Blows Out to $9.5 Billion as Revenues Slip
Saudi Arabia posted a budget deficit in the third quarter that was almost seven times larger than in
2023-11-02 15:27
Estee Lauder eyes weak annual results on slow recovery in Asia travel retail
(Reuters) -Estee Lauder on Wednesday cut its annual profit forecast and said it expects a drop in annual sales, as
2023-11-01 19:24
Saudi Arabia’s Tabby Valued at $1.5 Billion in Pre-IPO Fundraise
Saudi Arabia-based Tabby raised $200 million in a funding round that values the buy-now-pay-later firm at over $1.5
2023-11-01 14:54
In Major Protectionist Move, Spain Considers Stake in Telefonica
Spain is considering whether to shield its “most strategic” company from foreign takeovers in what could be the
2023-11-01 13:53
Spain Weighs Taking Telefonica Stake to Counter Saudi Holding
The Spanish government is considering buying a stake in Telefonica SA following Saudi Telecom Co.’s plan to become
2023-10-31 16:23
Oil Edges Higher After Plunge With Mideast War, Demand in Focus
Oil edged higher after a steep drop spurred by signs that the Israel-Hamas war will remain contained while
2023-10-31 09:55
Australia’s Surprisingly Strong Retail Sales Fuel Rate Hike Bets
Australian retail sales surpassed expectations in September, an outcome that will likely boost the Reserve Bank’s confidence that
2023-10-30 09:53
Threat of Israel-Hamas War Spillover Remains Elevated, US Says
The US sees an “elevated risk” of regional spillover from the war between Israel and Hamas and will
2023-10-29 22:23
OPEC+ members send less oil to U.S., adding to tight supply outlook
By Stephanie Kelly and Alex Lawler NEW YORK U.S. waterborne imports of crude from OPEC+ members including Saudi
2023-10-27 00:45
Sternlicht Says US Rates Need to Drop on Debt Costs: FII Update
Starwood Capital Group’s Barry Sternlicht said the Fed will be forced to halt rate hikes as the pace
2023-10-25 21:54
IMF'S Georgieva: Interest rates to stay high, dampen growth
By Jorgelina do Rosario LONDON The head of the International Monetary Fund said on Wednesday that international cooperation
2023-10-25 17:15