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Secession of Catalonia is a symbolic move

Catalonia’s declaration of independence from Spain, passed by the Catalan parliament on Friday, is a largely symbolic gesture as far as true independence goes. It will, however, require all of Spanish Prime Minister Mariano Rajoy’s experience and skill to defuse this situation. These last couple of days, I’ve been in Barcelona trying to make sense of the complex game that’s ...

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US stocks mixed as tech gains, dollar weakens; euro gains

Bloomberg Most US stocks fell, with large-cap tech stocks bucking the trend, while the dollar slipped and Treasuries advanced as markets struck a tone of caution at the start of a week stuffed with catalysts. The euro gained. The S&P 500 Index opened lower as investors assessed the impact of the first charges in the broad investigation to Russian meddling ...

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Saudi stock market stays soft despite SABIC beat

Reuters Saudi Arabia’s stock market was soft on Monday despite strong earnings at Saudi Basic Industries Corp (SABIC), while Emaar Properties dragged down Dubai’s index. The Saudi index edged down 0.2 percent. SABIC, the biggest petrochemical producer, gained 0.6 percent after reporting a 10.7 percent rise in third-quarter net profit to 5.79 billion riyals; analysts had on average forecast 4.27 ...

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