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Gulf stock markets fall; UAE’s Union Properties, TAQA jump

  DUBAI / Reuters Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thursday, with Saudi Arabia’s index pulled lower by petrochemical shares after oil prices fell sharply, but Dubai’s Union Properties and Abu Dhabi’s TAQA bucked the trend. Dubai’s index lost 1.0 percent as financially troubled builder Arabtec, which had jumped almost 11 percent on Wednesday after ...

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US stocks rise as treasuries, dollar slip

  Bloomberg US stocks rebounded while the dollar and Treasuries slipped, as major assets continued to churn in tight ranges amid corporate results and a string of potential geopolitical catalysts. The S&P 500 Index halted a two-day slide on earnings from American Express Co. and Qualcomm Inc. The greenback slipped against most of its major peers after its best day ...

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India’s ‘electrification Corp’ to lend $1.5bn for clean energy

  Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...

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