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Saudi banks strong in light of brewing changes in industry

  DUBAI / Reuters Shares in two Saudi banks that are in early merger talks moved in opposite directions on Thursday while other regional markets ended the week down as investors had little fresh company earnings and news to reallocate their funds or build positions. Alawwal Bank extended the previous session’s 8.6 percent gains, adding 2.2 percent. Shares in Saudi ...

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US stocks mixed, euro falls on ECB

  Bloomberg US stocks fluctuated with the dollar as the Trump administration signaled its commitment to Nafta, while the euro edged lower after the European Central Bank boosted its assessment of the region’s economy without discussing tapering asset purchases. Crude sank below $49 a barrel. The S&P 500 Index’s move toward an all-time high faltered anew and Treasuries slipped after ...

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China N-plant crucial for Westinghouse future

  Bloomberg The start-up of a nuclear power plant south of Shanghai later this year has a lot riding on it. It’ll be the first to use a new reactor designed by Westinghouse Electric Co., and its success is critical for the embattled company’s future. Development of the same AP1000 model has been disastrous for the firm in the US, ...

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