12062016Tue
Last update: Tue, 06 Dec 2016 07am

Markets - Equity

Markets - Equity - Middle East & Africa

Saudi Arabia, Egypt stocks rebound after sell-offs on Yemen DUBAI: Stock markets in Saudi Arabia and Egypt rose in early trade on Sunday as panic over the military conflict in Yemen, which prompted sell-offs last week, subsided.The intervention in Yemen may be protracted; a Gulf diplomatic official told Reuters on Saturday that while the Arab alliance initially plans a month-long campaign, the operation could last five or six months.But while the start of the operation triggered profit-taking by retail investors last week, many analysts think the Gulf states will be able to confine the conflict to Yemen's borders, as they have with past instability in that country. The operation may cost the Saudi government billions of dollars but with over $700 billion of net foreign assets, it can afford the cost.The main Saudi index climbed 1.7 percent, largely because of property developer Jabal Omar, which surged 5.4 percent. The company said on Thursday it had sold residential units worth ...


Markets - Equity - Middle East & Africa

Qatar's bourse says plans rights issue trading DUBAI: Qatar's stock exchange plans to allow investors to trade rights to share issues, which would let them profit from capital increases even without subscribing to them, the bourse said on Sunday.Rights allow their holder to subscribe to a share issue, usually at a fixed price that may be lower than the market price. To exercise rights, investors need to commit more money - but if rights are tradable, investors can simply sell them.The bourse ...

Markets - Equity - Americas

Wall St ends 4-day skid on late tech rally NEW YORK: US stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak. The Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival Altera Corp, citing people familiar with the matter, sending the PHLX semiconductor index up 2.8 percent. Intel shares jumped 6.4 percent to $32 as the biggest boost to the Dow, ...

Markets - Equity - Americas

TSX drops as energy, financial shares lead losses TORONTO: Canada's main stock index finished lower on Friday in a retreat led by financial stocks and by energy companies, which were pulled down by a sharp fall in crude prices. The price of oil sank some 5 percent as the likelihood of an Iran nuclear deal with the West, which could result in more crude supply on the market, trumped concern over an air strike in Yemen by Saudi Arabia and its allies that ...

Markets - Equity - Americas

Chipmaker deal helps Wall St rebound, oil slumps anew NEW YORK: Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies. US Treasury debt prices jumped on government data indicating US economic growth was slowing and the dollar was down, while gold had its first losing day after a seven-session rally. The major US stock indexes snapped a four-day losing streak ...

Markets - Equity - Americas

US stocks snap 4-day slide NEW YORK: Wall Street stocks rose Friday, snapping a four-day losing streak as traders shrugged off weaker-than-expected US economic growth in the fourth quarter.The Dow Jones Industrial Average added 34.43 points (0.19 percent) at 17,712.66.The broad-based S&P 500 rose 4.87 (0.24 percent) to 2,061.02, while the tech-rich Nasdaq Composite Index gained 27.86 (0.57 percent) at 4,891.22.US economic growth came in at an annual rate of 2.2 percent for the final quarter of 2014, less than ...

Markets - Equity - Europe

UK's FTSE ends week with a whimper as commodity stocks fall LONDON: Britain's main equity index fell for a fourth day on Friday, pulled down by commodity stocks as iron ore prices plunged and as a stronger US dollar weighed on mining shares. Energy shares such as BP and Royal Dutch Shell dipped too with lower oil prices, although cruise ship company Carnival rose 7.2 percent after posting higher-than-expected profits.The blue-chip FTSE 100 index, which hit a record intraday high of 7,065.08 points on Tuesday, fell ...