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Dubai keeps rank as 2nd biggest retail marketDubai has retained its position as the second most important international retail destination globally, closely behind London, which also retained its position, according to a new report. London and Dubai are significantly ahead o More… |
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Growth worries, US fiscal fears hit stocksEuropean shares fell for a second day running on Thursday, hit by evidence that the debt crisis has slowed euro zone economic activity and by persistent concerns about fiscal problems in the US. Economic growth in Germany, Europe& More… |
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Asian shares, dollar rise on positive dataAsian shares advanced to their highest in nearly two weeks with risk appetite returning on signs that a trend of global recovery is stabilising, particularly in the US and China. Positive U.S. private sector employment and consume More… |
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Global office rents 'up for seventh quarter'The prime office rents across 81 global markets have risen for the seventh consecutive quarter reflecting an 8.2 per cent uplift since the bottom of the market in fourth quarter of 2009 and a 5.5 per cent increase year-on-year, said a re More… |
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Investors start 2010 in bullish moodFinancial markets kicked off 2010 on an upbeat note on Monday with world stocks driven close to 15-month highs by hopes of a sustainable economic recovery. Wall Street looked set to open the year higher, but the dollar was weaker against a More… |
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Dubai debt worry ripples across assetsDebt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday. Gold climbed to a new record high before falling back as the dollar rose. Banking stocks came unde More… |
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Global financial markets lose $50 trillionThe global financial crisis slashed the value of financial assets worldwide by $50 trillion last year, a study commissioned by the Asian Development Bank (ADB) said on Monday. Financial asset losses in developing Asia, which suffered more More… |
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Global markets shaken by Lehman failure, Merrill saleGlobal financial markets were shaken to their core on Monday after Lehman Brothers filed for bankruptcy protection and Merrill Lynch agreed to be taken over as a deepening crisis took new, bigger victims. The US Federal Reserve also said f More… |
