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Indexes diverge but end the month at a loss

  Dubai / Reuters Share market indexes in the Middle East diverged on Tuesday, with Saudi Arabia’s index outperforming peers as some positive news lifted shares, but all markets ended with losses for the month. Riyadh’s index rebounded 1.4 percent, ending three sessions of declines, although volumes were the lowest since last October. The index was down 5.3 percent in ...

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Deutsche under radar in Treasury rigging probe

  Bloomberg Deutsche Bank AG has emerged as a focus of a probe into whether traders rigged auctions for USA government debt, the New York Post reported, citing unidentified people familiar with the matter. No bank has been accused of wrongdoing, but investigators are narrowing their focus after requesting documents and communications from all of the 22 primary dealers in ...

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CCB, ICBC plan to sell asset-backed securities

  Bloomberg China Construction Bank Corp is planning to sell asset-backed securities tied to non-performing loans, said a person familiar with the matter. Industrial & Commercial Bank of China Ltd is also planning an offering, other people said. CCB is preparing to make an offering of ABS tied to soured loans, and the size and price haven’t yet been decided, ...

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