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World Bank watching Fed, ready to respondThe World Bank is concerned about the spillover effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The US Feder More… |
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Saudi stocks plunge 5pc on ME tensionsSaudi Arabia's stock market plunged 4.6 per cent to a 13-month low on Saturday, with its biggest listed companies losing value, after King Abdullah cut short a holiday abroad because of regional tensions. Only one of the 156 c More… |
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Exodus from emerging currencies, stocksEquities in emerging markets slumped 2 percent to 11-month lows on Thursday and local currencies slid as investors piled into the relatively safe Japanese yen, driven by fears of future global central banks' More… |
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Oil steady at $103; equities balance high stocksBrent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market foreca More… |
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UAE to allow trading in rights offerThe United Arab Emirates' securities regulator has decided to allow investors to trade subscription rights for share offers, the regulator said on Monday. The reform al More… |
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Saudi shares climb on Sabic projectSaudi shares closed up nearly half a per cent after Saudi Basic Industries Corp (Sabic) announced plans for a 16-billion riyal ($4.23 billion) investment in steel plants. The all-share index rose 0.42 per cent. Petrochemical share More… |
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Saudi soars on banking, petchem stocksSaudi stocks closed higher on Saturday led by the banking, petrochemicals and services sectors. The all-share index added 0.42 per cent to close at 7,435.19 points. Banks and Financial Services index rose by 0.51 per cent to hit 1 More… |
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Gold ticks higher as dollar, stocks dipGold rose toward $1,400 an ounce on Wednesday, taking a cue from broad dollar losses and falling stock markets with residual support from Chinese physical buying. But the root of weakness in wider markets - improved U.S. data sugg More… |
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Taqa looking at share optionsAbu Dhabi National Energy Company (Taqa) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stoc More… |
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UAE markets hit fresh multi-year highsMarkets in the UAE hit new multi-year highs on Tuesday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the bullish sentiment, while Saudi Arabia and Egypt fell. In Dubai, banks rallied. Dubai Islamic B More… |
