LONDON: Global stocks tumbled further and safe bet gold surged to new records Friday on mounting fears of fresh global recession amid weakening growth in top economies and poor liquidity at European banks.
European stock markets were slumping in (...)
ORAN: The OPEC oil cartel agreed on Wednesday to a record output cut of two million barrels a day, the Saudi Arabian oil minister said, with non-member producers also ready to slash 600,000 barrels.
"There is a consensus on a cut of two million (...)