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Syrian regime struggles to stop currency freefall

  Syria’s president Bashar al-Assad has taken emergency steps to try to halt a dramatic fall of the local currency, forbidding the use of money other than Syrian pounds for transactions with the threat of prison and hard labour. The once-resilient Syrian pound has halved...

Oil jumps to highest in more than a week after Libyan shutdowns

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude LCOc1 futures were up by 74 cents, or 1.1%,...