Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation. Losses were capped by weekend talks between Saudi Arabia’s oil minister and counterparts over a possible...
China’s regulator on Friday published draft rules that would restrict financing businesses using stocks as collateral. The draft rules on the so-called stock pledged repurchase business, published by the Shanghai and Shenzhen stock exchanges, will curb leverage and are aimed at...
The dollar remained mired near its lowest levels since early 2015 as European Central Bank President Mario Draghi’s suggestion that the ECB may begin tapering its massive stimulus program this autumn continued to underpin the euro. Meanwhile expectations of another interest rate hike...
Dubai-based United Engineering Construction (UNEC) plans to raise around 1 billion dirhams ($272 million) in debt to finance its building work on a major shopping mall project, banking sources familiar with the matter said. The company is building the Deira Mall in Dubai for United Arab...
