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Second-tier stocks boost Saudi, foreign money supports Egypt

  Reuters Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia’s stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia’s index climbed 0.9 percent to 6,904 points, rising above major technical resistance on its April peak of 6,876 points. A second ...

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OPEC and Italian unease weigh on global stocks

AP Uncertainty over whether OPEC countries will back an oil production cut at their meeting this week, as intended, weighed on global stock markets on Monday. Worries over next week’s constitutional referendum in Italy also kept investors at bay. KEEPING SCORE: In Europe, Germany’s DAX index was down 0.7 percent to 10,630 while the CAC 40 in France fell 0.5 ...

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Did Apple lose China to local phone makers?

  Bloomberg Two years ago, Oppo and Vivo couldn’t crack the top five in China’s smartphone market. Now they outrank everyone after elbowing Apple aside, thanks to people like Cheng Xiaoning. Cheng runs a thriving electronics store in the rural town of Miaoxia, tapping into her WeChat social media account to promote the brands that pay the biggest commission, and ...

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