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Saudi stocks lead Gulf equity drop as trading volumes plummet

  Bloomberg Saudi Arabian stocks led a retreat across Gulf Arab equities as trading volumes plunged. Four benchmark gauges in the six-nation Gulf Cooperation Council declined, with Bloomberg’s GCC 200 Index posting its longest losing streak in two months. Saudi Arabia’s Tadawul All Share Index dropped 1.2 percent as trading volumes sank 23 percent below the six-month average. Dubai’s DFM ...

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Buying deepest stock dips in 2016 returned three times S&P 500

  Bloomberg It’s been a great year for catching falling knives. The buy-the-dip strategy that’s been a hallmark of the U.S. stock rally is outdoing itself in 2016, where buying stocks in the most extreme state of free fall is paying like rarely before. An index tracking shares in the Russell 3000 Index that register as “oversold” on a momentum ...

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American to defer 22 Airbus A350s to slow spending

  Bloomberg American Airlines Group Inc. will defer delivery of 22 wide-body aircraft to spread out more than $1 billion in spending. The world’s largest airline reached an agreement with Airbus Group SE to take A350 XWB aircraft from late 2018 through 2022, deferring each plane’s arrival by an average of 26 months. American previously was to get the first ...

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