Thursday 8 December 2016

Asian shares slip from 3-week high as oil rally reverses

Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.   MSCI's broadest index of Asia-Pacific sh


Al Ramz plans reverse takeover with DDC deal

Al Ramz Capital, a brokerage house in the UAE, is planning a reverse takeover with its acquisition of 82.4 per cent of Dubai Development Company (DDC), three sources familiar with the matter told Reuters on Thursday.  


RBI may reverse monetary policy

The Reserve Bank of India (RBI) could reverse its monetary tightening cycle, if December inflation falls sharply, a senior finance ministry official said yesterday, a day after a central banker said interest rates have peaked. The RBI has


Saudi board reverses Emaar compensation ruling

Emaar Properties said on Saturday it would appeal a Saudi ruling reversing an earlier judgment in its favour in a lawsuit that had sought $1.2 billion in compensation. 'It is not clear yet how the whole arbitration process, which has t

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