GE stock drops as profit misses, CEO cuts forecast

Fri, Oct. 20, 2017

General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast.

Oil set for weekly loss on profit-taking

Fri, Oct. 20, 2017

Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude.

Dollar gets a boost as 'Trumpflation' bets return

Fri, Oct. 20, 2017

The U.S. dollar climbed on Friday, on track for its first weekly rise in two, as progress of the U.S. tax plan through the Senate raised hopes of boost to the economy.

Hong Kong shares rebound as China 'Minsky moment' fears recede

Fri, Oct. 20, 2017

Hong Kong shares rebounded sharply on Friday, as investors scrambled for bargains among stocks bruised from the previous session's sell-off.

FTSE flirts with record levels as miners, banks boost

Fri, Oct. 20, 2017

A recovery in financials and basic resource stocks boosted Britain's FTSE on Friday after the previous session's losses.

Sterling drops to 2-week lows as BOE doubts rise

Fri, Oct. 20, 2017

Britain's pound skidded to a two-week low on Friday amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit.

GLOBAL MARKETS-U.S. tax reform move boosts dollar, stocks, bond yields

Fri, Oct. 20, 2017

European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the "Trumpflation trade", after the U.S.

An overview of Western Egypt development project

Fri, Oct. 20, 2017

The project will take place on 250,000 feddans, with 50 kilometers on the Mediterranean coast, costing $10 billion.