A report shows Saudis are looking for oil imports from Iraq amid disruptions caused to production.
Russia plans to issue its first yuan-denominated bond as the country is working with China to cut reliance on the US greenback, Russian broadcaster RT reports.
Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible US recession.
A new report shows Russia has nearly halved its use of US dollar in trade with India and China.
US President Donald Trump's pledge to impose new tariffs on Chinese goods is showing its impact on the Wall Street.
US Treasury Secretary Steven Mnuchin says there are no “concerns” in ties between Google and China.
Lagarde leaving the IMF for the ECB is simply tragic for the West’s billions of innocents that unaccountable, unelected central bankers and their ineffective, corrupt cronies have become their political elite.
Sources close to OPEC say the organization has agreed to extend oil supply cuts until March 2020.
Russia and China sign an agreement to use national currencies in mutual trade instead of dollar.
Oil prices have surged more than three percent on June 20, 2019 after Iran shot down an intruding American spy drone in southern parts of the country.
Crude oil futures jump following reports of explosions targeting two oil tankers in the Sea of Oman.
Global equities tumbled and safe-haven sovereign bonds surged Friday after US President Donald Trump's unexpected threat of tariffs on Mexican goods.
Oil prices jumps higher after OPEC signals that it may maintain production cuts until the end of 2019.
Rising geopolitical tensions highlighted by alleged sabotage against commercial vessels off the emirate of Fujairah have darkened the mood in the Persian Gulf markets.
In the United States, the ratio of corporate debt to GDP is at record-high levels.
Renewed concern over supply declines brought on by US sanctions on Iran and Venezuela and reductions in global production are driving up prices.
China has ordered 300 Airbus planes which matches an order from rival Boeing when US President Donald Trump visited Beijing back in 2017.
Iran and Syria have signed 18 trade deals to expand mutual economic relations.
Stocks pulled back sharply around the world on Thursday after reports that the United States and China would not be able to reach a trade deal.
Amid growing Brexit uncertainties, more and more firms working in the UK are feeling the pinch, planning to relocate some of their operations abroad.
China's 2018 trade surplus with the United States surged to a record $323.3 billion.
The ongoing trade war between China and the US as well as the recent disappointing corporate earnings have caused concerns among investors.
The United States has granted Iraq a 90-day waiver over Iran sanctions to import natural gas and electricity.
A new report says China is experiencing its slowest pace growth over the past nine years in the third quarter.
Qatar in a surprise announcement says it will leave the Organization of the Petroleum Exporting Countries (OPEC) next month in a move that appears to have been meant to take a swipe at the group’s de factor leader Saudi Arabia.
Russia’s President Vladimir Putin says current oil prices around $60 a barrel are “absolutely fine” for his country.
Turkish President Recep Tayyip Erdogan has called for a wider use of national currencies in mutual trade with other countries.
Saudi Energy Minister Khalid al-Falih says the kingdom would not cut oil output on its own to stabilize the market.
Saudi oil production is reported to have reached an all-time high over the past few weeks in what is seen as the result of a positive response by Riyadh to US calls to pump more and help drive prices lower.
The administration of US President Donald Trump is reportedly drafting a bill that would authorize legal action against the Organization of the Petroleum Exporting Countries (OPEC) for “artificially raising oil and gas prices”.
Leaders of countries forming the Asia Pacific Economic Cooperation (APEC) fail for the first time in the body’s history to issue a formal declaration at the end of their summit, China says.
Saudi Energy Minister Khalid Falih rejected speculations that Riyadh is studying the prospects of the elimination of the Organization of the Petroleum Exporting Countries (OPEC), stressing that no plan to that effect is on agenda.
Britain is reportedly refusing to repatriate some 14 tonnes of gold to Venezuela worth around $550 million over fears that the move could violate US sanctions against the Latin American country.
China’s President Xi Jinping on Thursday acknowledged that a trade war with the United States had already created a status of uncertainty for the world’s second biggest economy.
The United Arab Emirates (UAE) has revealed a new law on foreign direct investment (FDI) which aims to promote and develop the country's investment environment.
Japan and China have signed a new agreement promoting further their national currencies against the US dollar.
New indications have appeared that show Saudi Arabia is already paying a heavy price for the killing of dissident journalist Jamal Khashoggi at its consulate in Istanbul in terms of capital flight.
Germany has denounced the US government's intervention and pressure on Baghdad to give a $15 billion contract to General Electric instead of Siemens.
International pressures against Saudi Arabia over its alleged role in the disappearance of dissident journalist Jamal Khashoggi are already sending economic shocks to Riyadh.
The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the International Monetary Fund says.
Under pressure from the US to lower oil prices, Saudi Crown Prince Mohammed bin Salman claims that the kingdom has already made up for Iranian crude supplies lost to American sanctions.
The diplomatic row between Qatar and Saudi Arabia found its way to the World Trade Organization (WTO) after Doha announced that it had started proceedings against Riyadh over alleged intellectual property rights violations.
Iran’s Minister of Petroleum Bijan Zangeneh rejects President Donald Trump's attack on OPEC, saying the US president himself is behind a surge in oil prices.
Russia says it has delivered the first cargo of liquefied natural gas (LNG) to Brazil in what could lead to a niche business for Moscow in Latin America.
Saudi Arabia – the biggest oil producer of the Organization of the Petroleum Exporting Countries (OPEC) – and biggest oil-producer ally outside the group, Russia, have jointly rebuffed a veiled request by US President Donald Trump to implement an immediate increase in their production of crude oil.
Turkey has invited Venezuela to use national currencies instead of the dollar in mutual trade in a joint campaign to bolster their economies in face of pressures by the administration of US President Donald Trump.
Russia appears to be already moving closer to a plan to ditch the dollar with reports emerging that more of its biggest oil companies are already preparing to settle payments in other currencies in transactions with clients.
China has canceled delegation visit to US for trade talks in protest to Washington’s new tariffs.
New estimates show Iraq’s oil production would be squeezed for the next decade as a result of what analysts see as a lack of adequate operational infrastructure.
Concerns are rising among investors in Russia over the fate of their dollar holdings as the US is preparing to impose fresh sanctions that could ban the country’s banks from using the greenback.
Russian deputy prime minister expresses Moscow's interest in increasing share of national currencies in international trade.
The US has already intensified the current trade war with China by threatening to impose tariffs on all Chinese goods.
Official figures show inflation in Turkey rose again in August to nearly 18 percent in what is seen as a record high level since late 2003.
German media say Qatar plans to make a huge investment amounting to billions of dollars in the country.
Russia says it is accelerating efforts to get rid of the dollar in its trade transactions amid growing tensions with the US.
The US starts levying 25% tariffs on $16 billion worth of Chinese imports, and Beijing retaliates with its own levies on American goods.
US oil giant Chevron has finalized a basic agreement to develop key oil fields in Iraq’s southern province of Basra.
Nigeria sold yuan at its first auction of the Chinese currency last month while Russia and China said Tuesday they backed using national currencies in bilateral trade.
China, Iran’s top oil customer, says commercial cooperation between the two sides does not harm other countries' interests and thus should be protected.
Turkey's lira falls further as US President Trump adopt new measures to pile further pressure on Turkey's economy.
With the admission of data falsification by three major Japanese car manufactures, the country’s automotive industry has been involved in a new scandal.
As speculations are growing stronger that the public listing of Saudi Aramco may be delayed or even totally abandoned, a new study shows the inability of Riyadh to determine the fate of the world’s biggest oil producer could eventually hurt global confidence in the kingdom’s commitment to economic reforms.
ASEAN members warn about the potentially dire consequences of the US-China trade war on the regional development.
Iran's national flag carrier Iran Air is set to receive five new ATR planes amid looming US sanctions against the Islamic Republic.
The US trade deficit widened in June for the first time in four months as exports fell and imports grew.
Turkey has announced interest in joining the BRICS group of emerging economies and has called on the bloc to allow its accession.
The head of Iran National Carpet Center (INCC) says it will file a lawsuit with international tribunals against fresh sanctions imposed by the US on the imports of hand-woven Iranian rugs into the country.
As Trump is boasting of the recent economic growth of the US, many experts warn the boom is not sustainable.
Russia says US undermining trust in dollar by using it as an argument in political disputes.
Speculations are rising that an ambitious plan for economic reforms attributed to the Saudi Crown Prince Mohammad bin Salman may not progress as desired due to a range of “unprecedented” issues – most importantly a lack of adequate national and international investments.
Speculations are rising that US President Donald Trump would endorse a new Congress bill that would authorize Washington to file antitrust lawsuits against oil producers over allegations of "price fixing".
A new report shows wealthy Saudis are reluctant to make internal investments over fears that they may be targeted and robbed of their assets by the security apparatus of Crown Prince Mohammad bin Salman – as happened to many others last year.
A new research shows that an unprecedented exodus of foreign workers is hurting the Saudi economy and this has already become a source of criticisms against a controversial domestic labor empowering initiative devised by Crown Prince Mohammad bin Salman.
Russia is reported to have been radically dumping US bond holdings in a way seldom seen in global markets as it prepares to protect itself from American sanctions.
The Independent in a report quoted informed sources as saying that Saudi Arabia is struggling to sell the extra oil it has started to produce under pressure by the administration of US President Donald Trump.
Discussions over Britain’s departure from the European Union through a process internationally known as Brexit continues to send ripples across the business world as companies rush to enact various contingency plans in order to help mitigate negative consequences.
S&P Global has affirmed Russia's BBB long-term and short-term sovereign credit rating, noting that the country's balance of payments and fiscal health should allow it to weather challenges that might arise from future sanctions.
US Treasury Secretary says he will use G20 meeting to push China and EU to agree to more balanced trade relations.
Just one day after US threatened to escalate dispute with China, IMF warns about dire consequences of the war war on global economic growth.
UK government has come under pressure over its budget plans after weak economic growth in June.
US President Donald Trump lambastes the European Union (UN) for slapping a record 5.1-billion-dollar (4.34-billion-euro) fine on US tech giant Google over antitrust violations.
A high-ranking Saudi energy official says the kingdom will not raise its crude oil export this month.
The largest US trade association for the oil and natural gas industry hails the beginning of “energy renaissance” in the country, yet warning policies by US President Donald Trump could disrupt it.
Latest trade figures show China’s imports from North Korea in June plunged by 92.6 percent compared to the same period last year with officials blaming UN sanctions against Pyongyang for the record low level of trade between the two countries.
The IMF warns rising trade tensions could negatively impact growth in the global economy.
Iraq has for the first time in many years been able to take over Saudi Arabia in exporting crude oil to India – the world’s fastest-growing oil consumer.
Ukraine and Airbus have signed a deal on 55 civil helicopters for $650 million.
Switzerland files a formal complaint against US tariffs at the World Trade Organization (WTO).
China says it will remain open for trade with foreign partners amid clash with US ramps up.
Iran says US President Donald Trump has insulted the Organization of the Petroleum Exporting Countries (OPEC) by trying to use political pressures to change the policies of the Organization.
Russia’s Prime Minister Dmitry Medvedev has ordered to raise import tariffs on US goods in retaliation for Washington’s decision to impose tariffs on foreign steel and aluminium.