Thursday , February 22 2018

Business

New computer virus spreads from Ukraine to disrupt world business – Port terminals operation by Maersk disrupted

FRANKFURT/MOSCOW/KIEV, June 28, (Agencies): A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday in Ukraine where …

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Kuwait stocks kicks off week on lackluster note – Ooredoo drops 30 fils; KIPCO ticks up

KUWAIT CITY, June 28: Kuwait stocks edged lower on Wednesday as it opened after the Eid-Al-Fitr holidays. The price index fell 3.03 pts in volatile trade to 6,769.06 pts even as the broader sentiment remained lackluster in absence of cues. The KSX 15 benchmark inched 0.05 pts higher to 920.26 …

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Despite weak oil, OPEC still pockets more dollars – Group looked at deepening crude cut, not in rush

LONDON, June 28, (RTRS): With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth in the past month, OPEC appears to be losing its battle to balance the market. But there is one crucial fight the oil-exporting group has been winning …

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Oil prices tumble to 15-month lows

Conflicting Views I Even FOMC members seem conflicted on the pace of tightening. New York Fed President William Dudley reinforced expectations of another interest rate hike this year stating that inflation should rebound alongside wages as the labor market continues to improve. Dallas Fed President Robert Kaplan on the other …

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Kuwait’s crude oil exports to China rises 5.6 percent

TOKYO, June 27, (KUNA): Kuwait’s crude oil exports to China in the first five months of this year grew 5.6 percent from the same period of 2016 to 326,000 barrels per day (bpd), government data showed. In May alone, Kuwait exported 318,000 bpd to the world’s second-largest oil consumer, down …

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IMF cuts US economic forecasts on Trump fiscal plan uncertainty – Economy seen to grow 2.1 pct in 2017 & 2018

WASHINGTON, June 27, (RTRS): The International Monetary Fund (IMF) on Tuesday cut its growth forecasts for the US economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump’s tax cut and fiscal spending plans would boost growth. The IMF, after a review of US …

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Kuwait oil minister optimistic markets will slowly rebalance – OPEC, non-OPEC exceed targeted output cuts: Al-Marzouq

KUWAIT CITY, June 22, (Agencies): Kuwait’s Oil Minister Essam Al-Marzouq said on Thursday that he was optimistic that oil markets will gradually return to balance supported by the record compliance with the oil supply-cut pact by OPEC and non-OPEC. Says OPEC and non-OPEC oil producers reached the highest compliance level …

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Kuwait bourse winds up week with modest gains – Humansoft Holding soars 100 fils; Zain slips

KUWAIT CITY, June 22: Kuwait stocks swung higher on Thursday to wind up the week on a firm footing. The price index rose 7.08 points in volatile session to 6,772.1 pts helped by bargain buying in select counters even as the overall mood remained dull ahead of the Id-Al-Fitr holidays. …

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Noor Capital Markets announces winner of grand campaign – Employees honored at annual Ghabqa

KUWAIT CITY, June 21: Attended by the company’s staff with their families as well as friends, businessmen and representatives of the Kuwaiti media; Noor Capital Markets has held its annual Ghabqa in Crowne Plaza Hotel. Naser Al Marri, Vice-Chairman-Board of Directors thanked the staff for their excellent performance, which builds …

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Emirates, flydubai seek closer ties

Emirates, the Middle East’s largest airline, and budget carrier flydubai will start to deepen their relationship over the next 18 months as their owner, the Dubai government, seeks to improve returns. Emirates President Tim Clark told reporters on Wednesday that changes could include more closely coordinated connecting — or feeder …

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