Search Results for: oil
Asian stocks drift after lackluster US retail sales data
May 14th, 2015
Asian stock markets drifted Thursday after weak retail sales figures suggested the U.S. economy is struggling to maintain growth momentum. KEEPING SCORE: Japan’s benchmark Nikkei 225 dropped 0.6 percent to 19,656.28. Australia’s S&P/ASX 200 dipped 0.9 percent to 5,664.60. ...
Asia shares rise before China data, more stimulus seen
May 13th, 2015
Asian shares firmed on Wednesday, shrugging off weakness on Wall Street as investors bet that a batch of economic data from China due later in the day would bolster the case for more stimulus in the world’s second-largest economy. ...
GCC pushes on towards introduction of regional VAT
May 12th, 2015
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be strengthening support for the idea. A meeting in Doha of ...
Asian shares rebound, sterling jumps on UK exit polls
May 8th, 2015
Asian shares rebounded from one-month lows on Friday, helped by signs global bond markets are stabilising after a big selloff, though investors were on guard ahead of U.S. jobs data and crunch talks between Greece and its creditors at the weekend. ...
Saudi Arabia on Target to Open Tadawul to Foreign Investors with Issuance of Rules for Qfi’s
May 7th, 2015
The Saudi Capital Markets Authority (CMA) has finally formally issued its eagerly anticipated regulations for Qualified Foreign Investors (QFI’s) to invest in the Tadawul All Share Index. The new regulations take effect on 01 June 2015 and will mean ...
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Yuan gains credibility as reserve currency
May 7th, 2015
France’s Credit Agricole Private Banking is advising its clients to add the Chinese yuan to their portfolios as the world’s second-largest economy looks to further liberalise its currency. High net worth individuals in the Arabian Gulf region should consider ...
Tullett Prebon plc: AGM Statement and Trading Update
May 6th, 2015
Tullett Prebon plc (the “Company”) is today issuing a trading update in relation to the period from 1 January 2015. This statement will be delivered to those attending the Annual General Meeting today. Business Update Although the level of ...
U.S. Trade Gap Widens on Surging Imports
May 6th, 2015
Stronger dollar, influx of foreign goods augur lower numbers on economic growth A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion, ...
Asian stocks at 2-week lows, bond woes spread, dollar slips
May 6th, 2015
Selloff in government bonds from Germany to Australia China stocks bounce after moderately encouraging PMI data Commodities rally in what might be a return to reflation Dollar softer on trade blow out, Fed’s Yellen speech awaited (.) A selloff in global ...
