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Cement lifts Saudi, other markets fall

Dc cement copy

Reuters Cement shares lifted Saudi Arabia’s stock index on Wednesday while other big bourses in the region were weak, with real estate shares pulling down Dubai. The Saudi index rose 0.3 percent as 13 of the 14 cement stocks climbed in unusually heavy trade. Jouf Cement was up 5.4 percent and Tabuk Cement jumped its 10 percent daily limit. The ...

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Samsung pips Intel as it posts record profit, splits stocks

Samsung electronics results

Bloomberg Samsung Electronics Co. is on a roll. The maker of smartphones, screens and consumer electronics reported record quarterly profit and disclosed numbers showing that it’s chip business pulls in more revenue than Intel Corp. The Suwon, South Korea-based company took the opportunity to unveil a 50-to-1 stock split, which sent its shares surging. The earnings report for the last ...

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Indonesia helps save Ukraine wheat as exports to India sink

Bloomberg Ukraine is countering a slump in wheat sales to India by selling record amounts to Indonesia, Southeast Asia’s largest economy. Shipments to India, the biggest market for Ukrainian wheat in 2016-17, have sunk so far this year as a bounceback in the Asian country’s production helped it become more self-reliant again. “This is a real change,” said Sergey Feofilov, ...

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