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Business

SNC dealt another blow with copper mine project cancellation

MONTREAL: SNC-Lavalin Group Inc, the embattled engineering firm at the heart of Canada’s biggest political crisis in years, has been dealt another blow in Chile.

Banking

Life after ECB's 'Super Mario' unnerves global investors

LONDON/NEW YORK: "Whatever it takes" is a daunting legacy for any departing central bank chief to bequeath a successor and leaves world markets anxious about what is to come after Mario Draghi leaves the European Central Bank later this year.

Markets

S&P, Nasdaq rise on tame inflation data; Dow felled by Boeing

NEW YORK: The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on interest rate hikes, but the Dow ended lower as Boeing's shares sank for a second day after one of its planes crashed in Ethiopia.

Business

Gas continues to flow to Europe

CAIRO: Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t generate enough jobs.

Corporate News

Saudi crown prince's US$20bil Pakistan investment pledge

ISLAMABAD: Crown Prince Mohammed bin Salman on Sunday said Saudi Arabia has signed investment agreements worth US$20 billion during his high-profile visit to Pakistan, where tensions were flaring up with nuclear-armed rival India.

Business

Oil demand growth concerns threaten to overshadow supply cuts

THE oil sector has witnessed a series of developments in early 2019 that have clouded demand prospects and have sent out a signal to the market that the recovery in prices could be at a pace slower than expected earlier.

Business Premium

Platts Market Insight: Oil demand growth concerns threaten to overshadow supply cuts

The oil sector has witnessed a series of developments in early 2019 that have clouded demand prospects and have sent out a signal to the market that the recovery in prices could be at a pace slower than expected earlier.

Economy

South Asia has world's highest real interest rates

SINGAPORE: Real interest rates in South Asia are among the highest in the world, raising the prospect of more dovish monetary policy in the region.

Economy

PM May tries to tweak defeated Brexit plan, refuses to rule out no-deal

LONDON: British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border.

Corporate News

British PM seeks to end Brexit stalemate after winning confidence vote

LONDON: Prime Minister Theresa May won a confidence vote in the British parliament on Wednesday and then appealed to MPs from across the political divide to come together to try to break the impasse on a Brexit divorce agreement.