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Asia stocks gain in global rebound

Bloomberg Asian stocks rose amid signs markets are beginning to stabilize after the biggest weekly rout in two years. Japanese equities pared gains as the yen advanced. Shares in Hong Kong and China led the rally in Asia after the S&P 500 Index posted its biggest two-day advance in 18 months. Japan’s equities retreated from the day’s highs after traders ...

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Sweden’s H&M drops dividend reinvestment plan

Bloomberg Hennes & Mauritz AB has abandoned a plan to try to get shareholders to reinvest their dividends in new stock. The Swedish fashion retailer said that the project proved too difficult, after the company encountered technical issues and ran up against time constraints. An “investigation” into the plan showed it wasn’t really feasible, H&M said. Shares initially jumped on ...

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Dubai strong on Emaar Malls, Aramex earnings

DUBAI / Reuters Dubai’s stock market rose in early trade on Tuesday after Emaar Malls and Aramex reported strong earnings, but most of the Gulf was quiet, gaining little momentum from the rise of Wall Street and other global markets. The Dubai index added 1.0 percent as Emaar Malls , the emirate’s flagship mall operator, rose 3.1 percent after reporting ...

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