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Commerzbank

Commerzbank latest

The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision.
October 7th, 2019 - 08:01 GMT

HSBC to Lay off up to 10,000 Employees

HSBC is planning to lay off up to 10,000 staff, a report said on Monday, just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts citing a weak global outlook. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-7…","video_id":"7c2e50c8-9b5c-4163-9815-21d6d268309b","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Countries with the Highest Risk of Money Laundry"} The latest losses, mostly in high-paid roles, are part of a fresh cost-cutting drive by interim boss Noel Quinn as the banking titan struggles ...
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Brent is set to average $85 a barrel in the first quarter, down from a previous forecast of $100.
October 28th, 2014 - 05:56 GMT

A self-fulfilling prophecy? Not really. Goldman Sachs slashes oil price forecast, brings prices further down

Iraq's oil supplies were held back by decades of war and sanction
October 27th, 2014 - 07:42 GMT

What IS? Iraq oil exports undettered by regional turmoil

Al Bawaba
October 8th, 2014 - 12:59 GMT

The 'remarkable' trend continues: Oil demand drops on signs of weak demand, 'tremendous surge in US oil production'

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
August 11th, 2014 - 10:35 GMT

Let's wait and see: oil prices 'complacent' with US military strike on Iraq

Al Bawaba
July 24th, 2014 - 09:22 GMT

OPEC exports largest share of petroleum to Asian and Pacific countries in 2013

According to a joint plan of action agreed in November in Geneva, world powers would “establish a financial channel to facilitate humanitarian trade for Iran’s domestic needs using Iranian oil revenues held abroad”.
March 16th, 2014 - 03:55 GMT

Not so open for business after all? Western Banks giving Iran the cold shoulder

The discount of US crude to Brent narrowed on Wednesday to its smallest since mid-October as traders expected the startup of a pipeline from Cushing to refineries on the US.
February 5th, 2014 - 02:07 GMT

American cold season brings global oil prices up to $106

OPEC reported its lowest output in over two years in December 2013 (File Archive)
February 2nd, 2014 - 12:00 GMT

Thank you Libya? Why OPEC's output is finally on the rise after December low

There are fears of an impending oil glut in the market. (Image credit: Shutterstock)
December 29th, 2013 - 06:51 GMT

Iran's aggressive stance ruffles feathers at OPEC

Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”
August 20th, 2013 - 07:00 GMT

Libya, Egypt push oil prices up to $110 a barrel

Brent crude oil rose toward $110 per barrel Tuesday after oil exports from Libya fell to their lowest for two years, heightening supply worries ahead of scheduled cuts in output from fellow OPEC member Iraq.
August 14th, 2013 - 08:23 GMT

Shortages in Libyan and Iraqi oil production raise world prices

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