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Oil rises on weak dollar, but bloated supply still weighs

Oil rises on weak dollar, but bloated supply still weighs

Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging US production and uncertainty over whether an Opec-led supply cut is big enough to rebalance the market.

China Southern to sell $200mn stake to American Airlines

China Southern to sell $200mn stake to American Airlines

China Southern Airlines Co Ltd said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world's two largest travel markets.

Qatar is planning £5bn UK push despite Brexit

Qatar is planning £5bn UK push despite Brexit

Qatar plans to increase its investments in the UK by £5bn ($6.3bn) within the next five years, deepening the countries’ trade ties as London prepares to quit the European Union.

Qatar wealth fund CEO sees Brexit investment opportunities

Qatar wealth fund CEO sees Brexit investment opportunities

Qatar’s $335bn sovereign wealth fund sees opportunities to invest in Britain after Brexit and is looking at infrastructure, healthcare and technology, the fund’s head told a London conference yesterday.

Mena region to be 3rd fastest growing vehicle market in 2017: BMI Research

Mena region to be 3rd fastest growing vehicle market in 2017: BMI Research

The Mena region will be the “third fastest-growing” vehicle sales market globally in 2017, dampened by declines in key markets such as Saudi Arabia and Egypt, a new report by BMI Research shows.

An unexplained 85% drop is nothing new for HK shares

An unexplained 85% drop is nothing new for HK shares

One of the most striking things about the 85% plunge in Huishan Dairy Holdings Co’s stock on Friday was how little it surprised market observers in Hong Kong.

European markets drop on Trump tax concerns

European markets drop on Trump tax concerns

Stock markets dropped yesterday and the dollar slid on concerns that the collapse of US President Donald Trump’s repeal of Obamacare could leave him struggling to push through his promised tax-cut and infrastructure spending policies.

China, New Zealand agree to bolster economic ties

China, New Zealand agree to bolster economic ties

China and New Zealand ramped up their cooperation yesterday, pledging to expand their existing free trade agreement into what visiting Premier Li Keqiang called China’s “most advanced” with a developed country.

Japan manufacturers brace for US import tax

Japan manufacturers brace for US import tax

Japanese manufacturers are wary of a possible US border tax, with just over half expecting profits to take a hit if the United States slaps a 20% levy on imports, a Reuters poll showed yesterday.

Germany’s business morale brightest in nearly 6 years

Germany’s business morale brightest in nearly 6 years

German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe’s largest economy are brushing off concerns about the threat of rising protectionism and Germany’s own election issues.

UAE expects $192bn savings in switch to green power from gas

UAE expects $192bn savings in switch to green power from gas

The UAE forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs.

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