Reuters Egyptian real estate stocks surged on Wednesday after two big companies in the sector said they might merge, while Saudi Arabia fell sharply after US President Donald Trump threatened imminent military action in Syria. In Egypt, the stock index gained 1.4 percent as SODIC jumped 5.5 percent to a 10-year closing high and Madinet Nasr for Housing and Development ...

Bloomberg Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning towards selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the ...

Bloomberg Chinese President Xi Jinping’s promises to open sectors from banking to auto manufacturing were unrelated to US trade complaints and not intended as a response, the country’s foreign ministry said. “I can tell you clearly that China’s announcement of major opening-up measures has nothing to do with the current China-US economic and trade conflicts,” Foreign Ministry spokesman Geng Shuang ...