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(MENAFN - AFP) Spanish leftwingers who swept to power in several major cities last month have removed royal symbols from their town halls, renewing a debate over the nation's scandal-hit monarchy.

The moves come despite new King Felipe VI managing to restore some of the institution's popularity, which plunged following scandals during the final years of his father's reign ...

 
(MENAFN - AFP) South Korea on Tuesday declared the effective end to a deadly outbreak of Middle East Respiratory Syndrome (MERS) that killed 36 people, triggered widespread panic and stymied growth in Asia's fourth-largest economy.

Addressing a meeting of government officials in Seoul, Prime Minister Hwang Kyo-Ahn said the danger posed by what was the biggest outbreak of ...

 
(MENAFN - AFP) The Athens stock exchange, which has been closed for nearly a month due to Greece's debt crisis, is expected to reopen in a few days after receiving approval from the European Central Bank, a stock market source told AFP Tuesday.

"The ECB gave its green light to reopen the stock market in Greece, (and) we are waiting for a ministerial decision which will specify ...

 
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit Mobily.

Etisalat posted a consolidated net profit of 1.5 billion dirhams ($409 million) in the April to June period, compared with 2.53 billion dirhams ($689 million) in the same period last ...

 
(MENAFN - AFP) The world's top luxury group LVMH on Tuesday reported its net profit rose by 5.0 percent in the first half of the year, as sales jumped 19 percent boosted by strong growth in Europe and the United States.

"Building on the first-half performances, we face the second half of the year with confidence," Bernard Arnault, chairman and CEO of LVMH, said in a statement.

From ...

 
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday.

From Saturday, the price per litre of gasoline at the pump will be 2.14 dirhams (58 US cents/53 euro cents).

However, diesel prices will be cut by 29 percent to 2.05 dirhams.

The ...

 
(MENAFN - AFP) State-owned Mexican oil company Pemex reported Tuesday losses of $5.2 billion in the second quarter, due mainly to lower petroleum prices.

It said prices of Mexican crude were 44 percent lower than in the same period a year ago.

In the first quarter of 2015, Pemex lost $6.5 billion.

The new losses -- 84.6 billion pesos in local currency -- far surpass ...

 
(MENAFN - AFP) The World Trade Organization said Tuesday that huge gaps remained among members trying to negotiate a global trade deal, warning that failure to make progress by year's end could spark a "dangerous situation".

The 161-member WTO began its so-called Doha Round of talks in 2001, aiming to tear down global trade barriers, with an emphasis on supporting development ...

 
(MENAFN - AFP) Takeover news buoyed European stock markets Tuesday, with sentiment also boosted by bargain-hunting after recent China-inspired losses, dealers said.

London's benchmark FTSE 100 index of blue-chip companies won 0.77 percent to close at 6,555.28 points, encouraged also by data showing the British economy rebounded by 0.7 percent in the second quarter.

Frankfurt's ...

28 Jul 2015   Oil prices pull back from lows 
 
(MENAFN - AFP) Brent oil prices were higher Tuesday, pulling back from near six-month lows, as commodity markets in general were calmer after a recent rout fuelled by concerns over China's economy.

Brent North Sea crude for delivery in September climbed 32 cents to stand at $53.79 a barrel in late London deals.

The contract had earlier in the day hit $52.28 -- the ...

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