Recent Posts

India’s billionaire Adani aims to begin mining Australian coal in 2020

  Bloomberg India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said. Adani ...

Read More »

Insurance shares buoy Saudi, weak currency aids Egypt

  Reuters Stock markets in the Middle East diverged on Sunday with the insurance sector boosting Saudi Arabia and a depreciating currency lifting export and real estate shares in Egypt, while blue chips weighed on the United Arab Emirates and Qatar. Saudi Arabia’s index added 0.5 percent as the insurance sector surged. All but three of the 35 listed insurers ...

Read More »

US stocks eke out weekly gain, led by high-dividend firms

  Bloomberg US equities rose this week thanks largely to advances in companies with high dividends that investors turn to when bond yields fall. The S&P 500 Index added 0.2 percent to 2,378.25. The biggest boost came Wednesday after the Federal Reserve raised the benchmark lending rate a quarter point and maintained its projection for two more increases this year. ...

Read More »
Send this to a friend