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Saudi stock market stalls, Kuwait outperforms, Dubai slips

DUBAI / Reuters Stock markets in the Gulf diverged on Sunday with Saudi Arabia stalling near a six-week low and Dubai retreating on profit-taking, while Kuwait continued to outperform. Saudi Arabia’s index added 0.1 percent. Nine of the top 10 performers were from the insurance segment with Wafa Insurance in the lead, jumping 9.1 percent. Interest in the sector has ...

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Emerging-market stocks little changed as Mexico’s peso climbs

  Bloomberg Emerging-market stocks and currencies were little changed after US economic data bolstered the case for higher interest rates that could dim investors’ appetite for riskier assets. Mexico’s peso and Turkey’s lira rose. Shares and currencies in emerging markets struggled to find direction as traders boosted wagers the Federal Reserve will raise borrowing costs by its March meeting. Bears ...

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Banks in Scandinavia set to dominate bail-in bond issuance

  Bloomberg A substantial chunk of the bank bonds needed to comply with new rules designed to protect taxpayers may come from Scandinavia, according to calculations by Danske Bank A/S. In an extreme scenario, which assumes local regulators set the toughest criteria, the region’s lenders may need to find investors for more than $120 billion in notes to meet minimum ...

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