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Qatar off 5-yr low as local traders buy, Saudi index nosedives

Six arab states cut diplomatic ties with qatar

Reuters Qatar’s stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region’s worst performer. The Doha index had recorded 11 straight sessions of losses, reflecting a lack of foreign investor confidence in a speedy resolution to the Gulf diplomatic crisis. Local investors, however, have been ...

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German bank hands £45mn to UK online lender amid Brexit

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Bloomberg Uncertainty around Brexit may be mounting as political leaders from the UK and the European Union clash on the terms of separation, but that isn’t slowing down foreign investors from betting on Britain’s top peer-to-peer lenders. Varengold Bank AG, a Hamburg-based private banking firm, will provide £45 million (S$82.06 million) in annual funding for loans to small businesses arranged ...

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SNB shares climb as investor seeks ‘boring’ bond proxy

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Bloomberg The Swiss National Bank (SNB) gets flak for everything ranging from its investments to the strength of the franc. One group that can’t complain this year: its stockholders. Since January the SNB’s shares have more than doubled in value, touching a peak of 3,825 francs ($3,980) on Sept. 14. With some 48 percent of the central bank’s total stock ...

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