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Gulf moves little in thin trade

  Bloomberg Gulf stocks moved little in early, thin trade on Monday as a fresh slide in oil prices and a retreat in Asian share markets kept buyers away. Dubai’s index was flat as stocks mainly traded by local investors were the top movers. Insurer Takaful Emarat Insurance gained 3.4 percent but Ajman Bank fell 1.3 percent. In Abu Dhabi, ...

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Ruble plummets as oil reasserts dominance

Bloomberg The ruble weakened for a second day as speculation the dollar will strengthen under tighter Federal Reserve policy dimmed its carry-trade appeal and it came under the influence of weaker oil prices. Russia’s currency weakened 0.3 percent to 65.065 against the dollar by 11:54 a.m. in Moscow. The Micex index of major stocks dropped 0.8 percent after closing at ...

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Don’t panic over China private investment crash

  Bloomberg Alarmed by a collapse in private investment in China and a surge in state spending? Calm down, say three analysts, who argue that data problems are exaggerating the trend. Investment numbers this year aren’t completely comparable with 2015 because they include firms that recently migrated from the private to the state sector, says Nicholas Lardy, a senior fellow ...

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