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Reuters

Israel's El Al Airlines to hold share offering on Wednesday
Markets

Israel's El Al Airlines to hold share offering on Wednesday

  • El Al, Israel's flag carrier, has been hit hard by the coronavirus outbreak and the government has for months offered to intervene to help it avoid bankruptcy.
  • After the offering, El Al -- controlled by Knafaim Holdings -- will receive a $250 million bank loan that will be 75% backed by the state.
Published 15 Sep, 2020 07:28pm
Qatar cultivates first green bonds as QNB raises $600mn
Business

Qatar cultivates first green bonds as QNB raises $600mn

  • Green bonds, fixed-income securities that raise capital for projects with environmental benefits such as renewable energy.
  • National Bank of Abu Dhabi, now First Abu Dhabi Bank , sold the first green bonds in the region in 2017 and last week.
Published 15 Sep, 2020 07:23pm
TSX gains as factory sales rise for third straight month
Markets

TSX gains as factory sales rise for third straight month

  • Canadian factory sales rose 7.0% in July from June, helped by motor vehicle, petroleum and coal sales, Statistics Canada said on Tuesday.
  • The energy sector climbed 2.0% as US crude prices were up 0.8% a barrel, while Brent crude added 0.7%.
Published 15 Sep, 2020 07:21pm
Yield curve steeper as stocks rise, Fed meets
Markets

Yield curve steeper as stocks rise, Fed meets

  • The benchmark 10-year yield was a basis point higher at 0.6789% in morning trading.
  • US stocks opened higher on Tuesday as upbeat data from China revived optimism around an economic rebound.
Updated 15 Sep, 2020 07:13pm
Al Sadd player positive for COVID-19 ahead of AFC Champions League clash
Sports

Al Sadd player positive for COVID-19 ahead of AFC Champions League clash

  • "The player who tested positive is under medical supervision in a quarantined environment as required by the safety measures and COVID-19 protocols put in place for the tournament."
  • Seven months after grinding to a halt due to the COVID-19 pandemic, action in the competition got underway again on Monday with three games.
Published 15 Sep, 2020 06:00pm
Gold gains as dollar softens ahead of Fed meeting
Markets

Gold gains as dollar softens ahead of Fed meeting

  • Spot gold rose 0.6% to $1,968.94 per ounce by 1157 GMT, having earlier climbed to $1,971.71, its highest since Sept. 2. US gold futures rose 0.7% to $1,977.10 per ounce.
  • The dollar weakness is playing its part but also some anticipation of continued support from the FOMC has helped the market.
Published 15 Sep, 2020 05:52pm