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Saudi shares rebound, outperform rest of Gulf

  DUBAI / Reuters Saudi Arabian stocks rebounded on Tuesday as oil prices hit a one-month high, outperforming other stock markets in the Gulf where traders booked profits. Egypt’s main index pulled back but foreign buyers continued to hunt for bargain buys, lifting the broader index. Saudi Arabia’s general market index rose 1.6 percent to 6,602 points, heading back towards ...

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Global equities surf commodities wave

  London / AFP Stocks across the globe forged higher on Tuesday, with Wall Street setting new records as rising metals and oil prices bolstered sentiment in the mining and energy sectors, dealers said. At the opening bell on Wall Street, the Dow jumped above 19,000 for the first time, extending its post-election rally. London stocks gained 0.9 percent on ...

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Facebook experimental drone accident under scanner

  Bloomberg A U.S. safety agency is investigating an accident involving a massive experimental drone Facebook Inc. is developing to bring the internet to remote areas of the world. No one was hurt in the incident, which came during the unmanned aircraft’s first test flight on June 28. It marks the latest hiccup in Facebook’s plans to wirelessly connect the ...

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