Recent Posts

Oil near $50 hurts Gulf

DUBAI / Reuters Major stock markets in the Middle East fell on Wednesday, following international bourses lower as crude oil prices traded down near $50 a barrel, but Kuwait jumped in heavy trading by local retail investors. The Saudi Arabian index lost 1.2 percent in low turnover, with all but one of the 14 petrochemicals makers falling by at least ...

Read More »

US stocks mixed as rout eases, treasuries rise

  Bloomberg US stocks fluctuated after suffering the first 1 percent decline since October, while havens from Treasuries to the yen remained in demand as investors assessed the prospects for pro-growth policies in America. The S&P 500 Index struggled for direction in afternoon trading, with gains in technology shares offset by renewed selling in banks that bore the brunt of ...

Read More »

Asia shares sink as investors fret over Trump reforms

  SEOUL / AP Shares fell in Asia on Wednesday after US stocks took their biggest loss in five months. The sell-off overnight on Wall Street was spurred by obstacles to a health care bill backed by President Donald Trump that also raised questions over prospects for his agenda of boosting growth by cutting taxes and regulations. Japan’s Nikkei 225 ...

Read More »
Send this to a friend