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Oil prices slump to lowest since Ukraine invasion

Global oil prices dropped on Thursday to their lowest levels before Russia's February invasion of Ukraine as traders fretted over the possibility of an...

Bitcoin slumps 14% as pullback from record gathers pace

Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival Ether, the coin linked to the ethereum blockchain network, dropped 10% to $2,101.

Oil prices slump as COVID-19 cases surge past 700,000 globally

Crude oil struck the lowest levels in more than 17 years on Monday, with Brent North Sea tumbling to $22.58 per barrel at one point.

Indian markets slump after LoC violation by IAF

The Indian rupee fell to 71.1375 to the dollar from Monday’s close of 70.9850, as the Indian markets slacked after LoC violation.

HTC’s June sales slump 68 percent, biggest drop in over two years

TAIPEI: Taiwanese smartphone maker HTC said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the...

Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump: source

LONDON: Britain’s biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to a fall...

Bitcoin falls below $9,000 in latest slump

WASHINGTON: Bitcoin fell below $9,000 Friday afternoon to a daily low of $8,587, according to CoinDesk's Bitcoin Price Index. The latest fall is said to triggered...

Bitcoin rises 10 percent, recovers from last week’s massive slump

SINGAPORE/TOKYO: Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows...

Turkey tourism income slumps after attacks, coup

ANKARA: Turkey tourism revenues fell almost 30 percent in 2016, the country's statistics office said Tuesday, after visitors stayed away following multiple terror attacks...

Economic slump worries as IMF, World Bank pledge action

WASHINGTON: World finance ministers pledged to boost growth on Saturday at IMF and World Bank Spring Meetings tainted by lingering worries about the dragging global economy and hints of discord.

World stocks resume slump as oil hits new low

LONDON: Global stocks suffered another rout Wednesday as oil prices slid to fresh 12-year lows under $28, heaping further pressure on financial markets from London and Paris to Russia and Shanghai. 

When will the oil slump end?

NEW YORK: As oil traders have learned time and again, picking a bottom in today's glutted global market can be a fool's game: just when prices start to rebound, as they have three times this year, a wave of renewed bearishness smacks them back down.

Saudi says oil price slump should not stop investment

BAHRAIN: Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices.

Islamic extremism, oil slump to dominate Gulf summit

DOHA, Qatar: Leaders of energy-rich Gulf monarchies meet on Tuesday to hammer out a common strategy to fight the threat from Islamic extremism and plunging oil prices.

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