Recent Posts

Korea looks to curbing property bubble

  Bloomberg South Korea’s government said it will take steps to ease overheating property markets in Seoul, Sejong, and some areas in Gyeonggi and Busan. Finance Minister Yoo Il-ho said the government will limit resale of rights to buy new apartments and strengthen bidding requirements for new apartments in the regions, while monitoring markets and designating anti-speculation property zones if ...

Read More »

Egypt jumps on currency float, Saudi rises but Qatar plunges

  Reuters Egypt’s blue chip equities index jumped on Thursday after the central bank floated the currency, a step which could eventually resolve its hard currency shortage, while Saudi Arabia gained for a second straight week. The Egyptian EGX30 index soared as much as 8.4 percent in the first hour of trade after the central bank devalued the pound by ...

Read More »

Global stocks mixed, pound up on court decision

  FRANKFURT/ AP Global stock markets were mixed on Thursday, bogged down by concerns over the outcome of next week’s US presidential election. The British pound jumped after a court ruled that parliament must vote before the government can trigger a two-year countdown to Britain’s exit from the European Union. KEEPING SCORE: In Europe, Germany’s DAX rose 0.1 percent to ...

Read More »
Send this to a friend