Rising crude prices drove huge profits for US oil industry giants, but key figures in the sector have raised concerns about low investments in exploration and production. They warn that continued...
US growth slowed to its lowest level in three years in the first quarter as consumer spending and government expenditures tumbled to their lowest levels in years, the Commerce Department reported...
Higher power and aviation earnings helped General Electric return to profitability in the first quarter as it announced plans Friday for cost cuts this year and next. But the industrial conglomerate,...
General Electric swung back to profitability in the first quarter Friday as its aviation and power businesses scored strong operating profits growth. GE, which suffered a modest loss in the year-ago...
Philippine President Rodrigo Duterte has some career advice for the almost 40 million Filipinos currently unemployed—go out and kill drug addicts. The Phil Star newspaper reported that Duterte was...
NDC defeat: Who is to blame, the Lame Horse or the Horse Rider? “Of course as the general who led us into battle, I take ultimate responsibility for our losing the election and so if it will...
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing...
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing...
Chinese investors in Oman on Wednesday laid the first stone of an industrial zone in the sultanate's southern port town of Duqm under a $10.7-billion (10-billion-euro) development plan. Chinese...
Oil-exporting cartel OPEC is confident that production cuts agreed with non-members to prop up prices will lead to a recovery in the market, its chief said on Wednesday. "We are optimistic that the...
The stability of the local currency and the abolishing of ‘nuisance’ taxes by government are the main causes of the drop in inflation, Dr. Ebo Turkson, Senior Economist at the University of Ghana...
JPMorgan Chase reported higher first-quarter profits Thursday, driven by a strong performance in its corporate and investment bank division, including in trading. Net income for the quarter ending...
Saudi Arabia will still need even more Filipino workers despite its "Saudization" policy, Manila's labour secretary said Wednesday following a meeting between Philippine President Rodrigo Duterte and...
Nigeria handed down an astonishing 527 death sentences in 2016, three times more than the previous year, in what Amnesty International described Tuesday as a "massive and worrying spike". In its...
Philippine President Rodrigo Duterte arrived Monday night in Saudi Arabia, where economic troubles forced the repatriation of thousands of his citizens still waiting for their salaries. Filipino...
Oman Oil Company and Kuwait Petroleum International signed Monday an agreement to build a refinery worth around $7 billion in the sultanate's southern port town of Duqm. The 50-50 joint venture will...
First National Bank has said the Ghanaian economy is not likely to expand as much as the government expects, pegging its economic growth projection for the year at 4.5percent, as against...
Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Gulf kingdom. May and Saudi King Salman would discuss "tax...
Nigeria's central bank has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out of recession caused by the slump in global oil prices. But analysts...
Asian investors moved cautiously Friday following a Wall Street rally inspired by better-than-expected US economic growth data, while South Africa's rand plunged after President Jacob Zuma sacked his...
