British mortgage approvals at two-year high

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Source: Dukascopy Bank SA
The UK lenders approved the biggest number of mortgages in two years or 67.3K during July, suggesting that the housing market has stabilised from the pre-Brexit slowdown.
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Mon, 02 Sep 2019 19:23:48 GMT

Saudis replace Aramco chairman with PIF head

Saudi Arabia named Yasir al-Rumayyan, the head of the sovereign wealth fund PIF, as the state oil giant Aramco's chairman, replacing Khalid al-Falih, the Energy Minister, Bloomberg reported.

Mon, 02 Sep 2019 16:50:27 GMT

Germany's manufacturing sector keeps contracting

German export-dependent manufacturing sector was still in contraction in August, with the IHS Markit's PMI rising slightly to 43.5 points, survey revealed on Monday, as falling demand pushed firms to cut jobs and scale back production.

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