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Mobius says sticks with Egypt, looking to addVeteran emerging market investor Mark Mobius said on Tuesday he is holding onto his existing Egyptian stock position and is looking to add more even as the latest political crisis unfolds. "It's a good play to hold what w More… |
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Qatar stages biggest 1-year rally; Gulf markets upQatar's bourse made its largest one-day gain in 12 months and all other regional markets also rose after Germany's approval of euro zone's new bailout fund lifted investor risk appetite. Doha's index jumped 1.1 per More… |
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Oil ends with biggest monthly loss since Dec '08Crude oil futures dropped on Thursday by more than 1 per cent, ending May with their biggest monthly decline in more than three years as bloated US stockpiles and weak economic data added to worries about the euro zone crisis, all dampening oil de More… |
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Saudi index profit up 14pc in Q1Saudi Arabia's stock benchmark Tadawul All Share Index (Tasi) posted a sharp rise in quarterly profits which hit SR16.8 billion ($4.47 billion) in the first quarter, up 14 per cent compared to SR14.8 billion last year, said a report. More… |
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Google's stock split raises questionsAn unusual stock split designed to preserve Google founders' control of the Web search leader raised questions and some grumbling on Wall Street, even as investors focused on the company's short-term business concerns. Shares of Google clo More… |
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Apple-mania spreads, Piper Jaffray sees $1K stockApple shares set a record high on Tuesday after Piper Jaffray supported Topeka Capital Market's assertion that the stock should breach $1,000 in a year or two, propelled by emerging markets growth and new products that could include a revolutionar More… |
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Stocks rebound after heavy lossesStock markets put in modest gains on Tuesday after a heavy session of losses the previous day, though the respite from worries over US and the European government debt looked only temporary. Wall Street also looked set to open higher. More… |
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Saudi Rajhi Bank in talks over KFH stakeSaudi Al Rajhi Bank has begun preliminary talks with private and public sector stock owners of Kuwait Finance House on buying an "influential share", Kuwait's Alrai newspaper reported on Tuesday. A share price of between 1.2 and 1.4 More… |
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Traders try to limit MF Global collapse damageTraders scrambled to cover trading exposures to MF Global on Tuesday, as administrators sought to save what money was left in the collapsed US brokerage's London arm. In Australia, trading in grain futures an More… |
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Stocks edge up, euro stalls as caution prevailsAsian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets. More… |
