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Emerging economies face threat of Turkey knock-on effect

© Reuters. Turkish lira banknotes are seen in this...

South Africa Asked U.S. to ‘Back Away’ From Punitive Tariffs

© Bloomberg. A worker watches as a crane lifts...

Gold hits fresh 2017 lows as investors seek refuge elsewhere

NEW YORK/LONDON: Gold prices sank below $1,200 per ounce on Monday to their lowest since late January 2017, losing out to U.S. Treasuries and...

Euro, emerging market currencies fall on Turkey’s economic woes

NEW YORK: The fallout from the Turkish lira’s plunge sent the euro to a new 13-month low and hammered emerging market currencies as investors...

Oil falls more than 2pc as Cushing build adds to demand...

NEW YORK: Oil prices moved sharply lower on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week,...

Oil edges lower as Cushing build adds to demand fears

© Reuters. FILE PHOTO: Crude storage tanks are seen...

Malaysia’s Petronas acquires 30pc equity in Senegal oil, gas block

KUALA LUMPUR: Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) said on Monday it has acquired a 30 percent stake in Senegal’s Rufisque...

Italian/German bond yield gap widest since late May

LONDON: The yield premium investors demand for holding Italian government bonds over top-rated Germany rose to its highest since late May on Monday as...

European stocks hit three-week low as Turkey stress dents lenders

LONDON: Banks dragged European shares down on Monday as a growing economic crisis in Turkey shook investor confidence in lenders exposed to the country,...

Algeria’s state oil firm gets new management, targets brain drain

© Reuters. Algeria's state oil firm gets new management, targets brain drain ...