Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise after closing Monday at $54.75

A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato By Ritvik Carvalho LONDON (Reuters) – Global stock markets sank on Monday as soaring COVID-19 cases offset investor hopes

Pakistan and Turkey on Wednesday agreed to pursue a joint strategy on matters of mutual interests at the international level, according to Pakistan’s Foreign Ministry. The agreement came during a meeting between Pakistan’s Foreign Minister Shah Mahmood Qureshi and his Turkish counterpart Mevlut Cavusoglu in Islamabad. Cavusoglu arrived on his three-day official visit to Pakistan

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 11, 2021. Asian shares were mostly higher Monday as bullish sentiment persisted despite continuing signs of economic damage from the pandemic. (AP Photo/Vincent Yu) By YURI KAGEYAMA TOKYO (AP) — Global shares and U.S.

European Commission President Ursula von der Leyen, right, welcomes British Prime Minister Boris Johnson prior to a meeting at EU headquarters in Brussels, Wednesday, Dec. 9, 2020. Leaders of Britain and the EU meet Wednesday for a dinner that could pave the way to a post-Brexit trade deal, or tip the two sides toward a

Sudanese Prime Minister Abdullah Hamdok, right, welcomes US Treasury Secretary Steven Mnuchin to the Cabinet Building, in Khartoum, Sudan, Wednesday, Jan. 6, 2021. The U.S. and Sudan have agreed to settle the African country’s debt to the World Bank. The move comes after Mnuchin arrived in Sudan, the first visit by a senior American official

Photo: Credit Anadolu Agency Kenya risks losing access to cheap Eurobonds due to its debt pile-up, the International Monetary Fund (IMF) has warned, citing investor concerns over possible defaults or deferment of repayments. The IMF’s latest assessment of Kenya’s debt sustainability shows the country is likely to breach the threshold over the next decade going

In this photo provided by the Saudi Royal Court, Saudi Arabia’s Crown Prince Mohammed bin Salman, right, welcomes Qatar’s Emir Sheikh Tamim bin Hamad al-Thani upon his arrival to attend the Gulf Cooperation Council’s 41st Summit in Al-Ula, Saudi Arabia, Tuesday, Jan. 5, 2021. (Saudi Royal Court via AP) Gulf Arab leaders signed a declaration

Kenya will from January 21 start repaying the Sh162 billion Chinese loan used to build the Nairobi-Naivasha standard gauge railway (SGR) line, adding to the taxpayers’ burden of settling the mounting foreign debt. The Treasury has disclosed that the $1.482 billion (Sh162 billion) debt from the Exim Bank of China that Kenya tapped in December

Turkey’s exports reached $169.5 billion in 2020, the trade minister announced Tuesday, citing preliminary data. The headline figure, despite the severe economic contraction and shrinking in foreign demand in our export markets, especially the in EU, is the exporters’ success, Ruhsar Pekcan stressed during a year-end foreign trade evaluation meeting in the capital Ankara. Pekcan