Asian shares extended gains on Wednesday as Wall Street's record close yesterday encouraged investors to take on more risk amid signs of a continuing US economic recovery and globally accommodative monetary conditions.
US stock index futures fell on Wednesday as Europe's debt crisis continued to worry investors and closely watched Italian bond yields rose again.
S&P 500 futures fell 12.1 points and were below fair value, a formula that evaluates pric
World stocks ended lower yesterday as investors piled into safe havens on worries about sovereign debt crises on both sides of the Atlantic and after data showed meagre growth in the US economy.
The Swiss franc, a traditional safe-haven cu
Saudi-based Sedco Holding has announced the launch of a wealth management company based in Jeddah with a strategic asset portfolio of SR11 billion ($2.9 billion).
Sedco Capital offers asset management, advisory, corporate finance and custo
The Dow and S&P 500 rose on Friday as General Electric Co's earnings put a positive tone on the economic recovery. The Dow Jones industrial average gained 49.04 points, or 0.41 percent, to end unofficially at 11,871.84.
Dow Jones has signed an exclusive agreement with Media Intelligence, a subsidiary of Dubai-based news management firm News Group International, for the management and marketing of Dow Jones Factiva in the Mena region.
Fractiva is a leading
Regulators still have not been able to pinpoint the cause of the market's recent plunge, but charged ahead with new rules to restrict trading when markets are in free-fall.
Nearly two weeks after the Dow Jones industrial average dropped so
World stocks kicked off the new year hitting a 15-month high on optimism the global economic recovery is underway, while the US dollar slid on profit taking ahead of a US jobs report this week.
The weak dollar pushed energy and commodity p
Dow Jones has been talking to potential buyers about the sale of its stock-market indexing business, which includes the Dow Jones Industrial Average, The Wall Street Journal reported on Friday.
The Wall Street Journal, in its online editio
Dow Jones Indexes, a leading global index provider, will launch The Global Dow, an index whose components are selected by the editors of The Wall Street Journal.
The launch of this new icon was unveiled on August 5 by Rupert Murdoch, chai