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Indonesia OPEC guv: No urgency to freeze output with oil at $45

  ABU DHABI / Reuters Indonesia’s governor to the Organization of the Petroleum Exporting Countries said on Monday that oil at $45 a barrel was “not bad” and that there would be no urgency to freeze output if crude remained at that price. Despite failure to reach a deal to curb oil output and support prices at an April 17 ...

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CBQ Q1 net profit falls 36.3 %

  Reuters Commercial Bank of Qatar (CBQ), the Gulf Arab state’s third-largest lender by assets, reported a 36.3 percent fall in net profit attributable to equity holders, below analysts’ forecast. The bank earned a net profit attributable to equity holders of 288.1 million riyals ($79.1 million) in the three months to Mar. 31, it said in a statement. That compares ...

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Pound rises to one-month high as EU ‘remain’ camp gains momentum

  Bloomberg The pound rose to its strongest level in more than a month versus the dollar amid signs the “remain” camp is pulling ahead in the campaign over Britain’s membership of the European Union. Sterling touched a six-week high against the euro, after posting its longest winning streak in 10 months through Friday, as U.S. President Barack Obama backed ...

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