Bloomberg Saudi Arabia stocks were lifted on Monday by optimism about fund flows, while other bourses in the region were lacklustre. The Saudi index closed 1.0 percent higher, lifted by financial stocks. Insurance firm BUPA Arabia gained 5.5 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus ...

NEW YORK / Reuters The dollar fell broadly on Monday on hopes that a US-led strike on Syria would not escalate, rekindling some appetite for stocks and other risky assets and spurred investors to reduce safe-haven holdings of the greenback. Government data that showed a rebound in US store sales in March failed to lift the dollar which has been ...

Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter. The women-focussed online retailer hosted a bake-off ...