Recent Posts

‘Hard Brexit’ fears push pound to 31-year dollar low

  London / AFP The pound slumped to a 31-year low against the dollar on Tuesday on concerns over the timing and terms of Britain’s planned exit from the European Union, traders said. Britain’s currency also struck a fresh three-year low point against the euro, while the drops helped pushed London’s benchmark FTSE 100 stocks index up to a 16-month ...

Read More »

Telecoms help Saudi rebound, rest of region quiet

  Dubai / Reuters Strong telecommunications shares helped Saudi Arabia’s stock market rebound on Tuesday after steep losses due to the kingdom’s austerity policies, while most other Gulf markets moved little. The Saudi stock index, which had dropped 3.7 percent in the previous two days, climbed 2.0 percent, although trading volume fell, suggesting many investors were not eager to buy ...

Read More »

Electrics up front at Paris car show

  FRANKFURT / AP Carmakers are finding the Paris auto show, held in a city whose mayor wants to ban diesels to reduce pollution, to be a fine place to show off new zero-emission electric vehicles. Most prominently, Volkswagen will unveil a small electric car as part of its pivot from diesel to more electric models as it struggles to ...

Read More »
Send this to a friend