Archive of August 2016

Colombia July urban jobless rate 10.4pc, national 9.8pc

BOGOTA: Colombia's urban jobless rate, based on surveys in the 13 biggest cities, was 10.4 percent in July, up from 9.0 percent in the same...

Spanish bond yields rise sharply ahead of confidence vote

LONDON: Spanish government bond yields rose sharply on Wednesday, edging back above 1 percent ahead of a key vote in parliament that could either end...

Energy shares fall on oil decline; US yields set for monthly surge

NEW YORK: US and European shares fell on Wednesday after a drop in oil prices weighed on energy stocks, while two-year US Treasury yields were...

BNP Paribas poised to issue first new style French senior

LONDON: BNP Paribas could become the first French bank to issue a new type of senior unsecured debt as early as October, potentially providing a...

West Africa Crude-Nigerian offers high, more programmes appear

LONDON: Sellers of Nigerian crude continued to seek high prices on Wednesday as disruption to output of several streams tightens supply. The delayed October loading...

Greece's Eurobank profitable for second straight quarter, rival NBG swings to loss

ATHENS: Greek lender Eurobank has stayed profitable for a second straight quarter, helping it focus on a strategy to cut bad debts accumulated during Greece's...

Chile copper mines resume partial operations after fatal accidents

SANTIAGO: Partial operations were resumed on Wednesday at Chilean state-owned copper miner Codelco's Chuquicamata mine and Freeport-McMoran Inc's El Abra mine, the day after separate...

EU policymakers clash over valuing insurers' liabilities

LONDON: European Union policymakers clashed on Wednesday over whether to cut a benchmark used by insurers to value billions of euros in liabilities to better...

Britain's FTSE posts third straight month of gains

LONDON: UK shares ended lower on Wednesday, hit by a late slump in the energy sector, although the FTSE 100 posted its third monthly gain...

Europe Distillates-Diesel margins slide on surprise US stock build

LONDON: Northwest European diesel margins fell below $9 a barrel to their lowest since Aug. 12 on Wednesday as US weekly middle distillate stocks rose...