Business news wrap-up

Sat, Oct. 21, 2017

A wrap-up for the most prominent business news of the day.

Iraq hikes southern oil output to make up for Kirkuk losses

Sat, Oct. 21, 2017

Iraq said it hiked southern oil production by 200,000 barrels per day on Saturday.

China still on track to hit growth target despite winter smog war: state planner

Sat, Oct. 21, 2017

China’s economy is on track to meet its official growth target for 2017, the head of the state planning agency said on Saturday.

Zohr field to start production by November-end

Sat, Oct. 21, 2017

The Mediterranean’s largest gas field Zohr will start production in the second half of November.

107 ships cross Suez Canal laden with over 7 million tons

Sat, Oct. 21, 2017

Chairman of the Suez Canal Authority Mohab Mamish said that a record of 107 ships crossed the Suez Canal on Friday and Saturday laden with 7.7 million tons.

Trump considers Fed's Powell, economist Taylor to lead CN

Sat, Oct. 21, 2017

Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs.

U.S. fiscal year deficit widens to $666 billion

Sat, Oct. 21, 2017

The U.S. budget deficit widened to $666 billion for the fiscal year 2017 as record spending more than offset record receipts.

U.S. warns public about attacks on energy, industrial firms

Sat, Oct. 21, 2017

The U.S government issued a rare public warning about hacking campaigns targeting energy and industrial firms.