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Dollar Extends Losses after Fed Move, Trump Revives Trade War Fears

The dollar extended losses in Asia on Thursday after the Federal Reserve stuck to its target for interest rate hikes this year, but fresh fears of a trade war hit equity markets as Donald Trump prepared fresh sanctions on China.

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44 African Nations Sign Pact Establishing Free Trade Area

Forty-four African countries have signed an agreement establishing a free trade area seen as vital to the continent's economic development, the head of the African Union said Wednesday.

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U.S. Stocks Dip ahead of Fed Announcement

Wall Street stocks dipped early Wednesday ahead of a Federal Reserve policy decision that will signal whether the U.S. central bank plans to accelerate its pace of interest rate hikes.

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At Riyadh Gold Souk, 'Saudization' Spells Scarcity of Salesmen

A Riyadh gold souk festooned with glittering jewellery has run short of salesmen after a government edict to replace foreign workers with Saudis, part of contentious efforts to tackle high unemployment.

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Asian Energy Firms Rally on Oil Surge, but Market Gains Pared

Energy firms in Asia rose on the back of a rush into oil after data indicated a jump in US demand, but regional markets struggled to maintain early upward momentum ahead of a crucial Federal Reserve policy meeting later in the day.

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Egypt Court Orders Uber and Careem to Cease Operations

Egypt's administrative court issued a ruling on Tuesday stopping the operations of Uber and Careem, state media reported, although both ride-sharing apps said their services were not suspended.

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U.S. Unafraid of Trade War Says Treasury Chief

The United States is not seeking a trade war over tariffs but does not fear one, U.S. Treasury Secretary Steven Mnuchin said Tuesday at the end of a meeting of G20 finance ministers in Argentina.

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Qatar Awards Giant Gas Field Contract to Japan's Chiyoda

Qatar Petroleum aims to boost Doha's gas production by more than 20 percent with a contract awarded to Japanese Chiyoda, the state-owned energy giant has said.

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Report: Aramco Eyes Local IPO, May Spike Overseas Listing

Saudi Arabia plans to sell shares of Saudi Aramco on a local exchange and may scuttle entirely an earlier plan for an overseas listing, The Wall Street Journal reported Monday.

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Asian Markets Recover from Early Plunge, Eyes on Fed

The sharp morning sell-off in Asian markets Tuesday eased later in the day but investors remain on edge ahead of a key Federal Reserve policy meeting.

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