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Netmarble rises after Korea’s biggest IPO in seven years

Bloomberg Netmarble Games Corp. rose as investors pursuing a high-growth alternative to traditional industry piled into South Korea’s biggest coming-out party in seven years. Shares in the mobile game developer and publisher ended 3.2 percent higher at 162,000 won in Seoul, after rising as high as 9.2 percent above the initial public offering price. The company now has a market ...

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Oil producers reach consensus to extend cuts

BAGHDAD / Agencies OPEC and other major oil exporters which are currently taking part in output reduction have reached consensus to extend the limits of cuts until the end of the year, according to the Iraqi and Algerian oil ministers. “All members of the Organisation of Petroleum Exporting Countries support an extension of the output cuts for a second six-month ...

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UAE stocks gain AED8 billion

ABU DHABI / Agencies UAE stocks closed on a high note on Thursday, gaining AED8 billion driven by a buying spree over leaders, primarily Emaar Properties which rose AED 7.49 ahead of the company’s announcement of its Q1 financial statements. The Dubai Financial Market (DFM), General Index rose by 0.74 percent to 3,420 points and Abu Dhabi Securities Exchange, ADX, ...

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