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Saudi bank lending jumps on mortgages, Aramco IPO boosts money supply
By Davide Barbuscia DUBAI (Reuters) – Annual growth in Saudi Arabian bank lending to the private sector rose at its highest pace in years in December, boosted by mortgages, while the proceeds of Saudi Aramco’s initial public offering lifted money supply, official data showed. The world’s biggest oil exporter is aiming to boost the private […]
Some U.S. fund managers risk long-term bets on tanking oil sector
By David Randall NEW YORK (Reuters) – Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling global glut shows no sign of letting up. On Monday, traders holding […]
EU foresees “very hard” talks with UK on future ties, warns on Irish border
By Gabriela Baczynska and Marine Strauss BRUSSELS (Reuters) – The European Union said on Tuesday talks on post-Brexit ties with Britain would kick off next Monday, but warned that the process would be “very hard” and could fail if London fails to secure the Irish border as previously agreed. Britain left the EU on Jan. […]