Recent Posts

European stocks fall again on fears of 2nd wave of infections

Bloomberg European equities moderately extended last week’s drop, as new virus data suggested setbacks in global efforts to contain coronavirus pandemic, with airlines and other travel-exposed stocks leading declines. The Stoxx Europe 600 Index was down 0.4% as of 8:20 am in London, with most sectors in negative territory. German stocks rose 0.4%, while Spain’s IBEX was the worst-performing large-country ...

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South African stocks surge

Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American ...

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Abu Dhabi Aviation reports AED47.8mn in six months

Abu Dhabi / WAM Abu Dhabi Aviation’s revenues for the period ended June 30 amounted to AED895.7 million, according to the financial results of the Abu Dhabi Securities Exchange-listed company. The company’s operating profit reached AED152 million and the net profit stood at AED47.8 million, the financial notes published on Sunday on the ADX’s website show. The company’s assets edged ...

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