Recent Posts

Egypt rises but foreign funds sell; oil pulls down Saudi

  DUBAI / Reuters Egypt’s stock market rose strongly on Tuesday but foreign funds were net sellers for a second time since the Egyptian pound was floated on Nov. 3. Gulf markets diverged with Saudi petrochemical shares hit by weak oil prices. The Egyptian blue chip index added 1.8 percent to 13,015 points, a fresh all-time closing high, but trading ...

Read More »

Asian stocks rise as health stocks offset drop in energy shares

  Bloomberg Asian stocks rose as gains in a gauge of health-care shares offset declines in energy companies after oil sank. Japan equities fell as as a stronger yen dimmed prospects for exporters. The MSCI Asia Pacific Index gained 0.2% as of 4:40 p.m. in Hong Kong as 7 of 11 industry groups rose. The measure’s advance has been muted ...

Read More »

VietJet forecasts 30% profit surge ahead of its Feb listing

  Bloomberg VietJet Aviation Joint Stock Co., the Vietnam carrier known for its bikini-clad flight attendants, expects profit to surge 30 percent this year on rising passengers as it prepares for its Ho Chi Minh City Stock Exchange listing debut in February. A total of 23 overseas investors bought 66.5 million shares — equivalent to about 14 percent of VietJet ...

Read More »
Send this to a friend