Egypt's indices were on the rise but turnover remained weak on Sunday as investors grappled with the possible consequences of a steep hike in fuel prices introduced over the weekend.
The benchmark EGX30 index rose 0.76 percent to 8,321 points, as daily turnover recorded a modest LE447 million.
"Investors are adopting a wait-and-see approach to the recent economic events, as…Read more
London’s century-old gold price fixing, tainted by a rigging scandal and attacked by critics as old-fashioned, goes under the spotlight this week in key talks aimed at modernizing the process.
Analysts said that the market price of gold, which is driven by investment and jewellery demand, could climb as a result of an overhaul.
Buyers and sellers of the precious…Read more
South Korea's top 30 conglomerates are focused on managing risks and enhancing corporate stability in the second half of 2014 to deal with persistent economic uncertainties, a poll carried out by the lobbying group of large businesses showed Sunday.
The latest findings by the Federation of Korean Industries (FKI) showed 40 percent of conglomerates, such as Samsung, Hyundai Motor, SK…Read more
Value of traded shares at Kuwait Stock Exchange (KSE) posted lowest fall at start of the past week, reaching KD 8.7 million, Al-Oula Brokerage Company said.
The company said in a report released on Saturday that the fall of the value turnover was the second to be recorded since last August. Nevertheless, hefty purchases in the later sessions of the…Read more
South Korea plans to sell 5 trillion won (US$4.95 billion) worth of Treasury bills in July, the finance ministry said Friday.
Treasury bills raise money for the government to deal with short-term financial shortfalls. They are generally sold with a maturity of less than one year.
The government will sell Treasury bills with a maturity of 63 days in four…Read more
China's securities regulator on Friday announced around 100 initial public offerings (IPOs) from June to December this year.
To stabilize market expectations, the China Securities Regulatory Commission (CSRC) will balance the number of IPOs on a monthly basis, with no more than 20 each month, CSRC spokesman Deng Ge said.
The CSRC approved 10 IPO applications on June 9, the…Read more
The units of new car registered in the first six months of 2014 were 1,287,265, 10.6 percent up from the same period of 2013, and registering the best half-year total sales since 2005, said the Society of Motor Manufacturers and Traders (SMMT) Friday.
Market on track for 2.4 million new car registrations in 2014, up more than six percent on…Read more
European stocks ended the week on a muted note on Friday as traders paused after the previous day's solid gains that followed forecast-busting US jobs data, dealers said.
Frankfurt's DAX 30 closed down 0.20 percent to 10,009.08 points, while the CAC 40 in Paris fell 0.47 percent to 4,468.98 points.
London's FTSE 100 index of top companies ending largely flat…Read more
Chicago agricultural commodities futures market closed mixed Thursday, with corn and soybeans dropping and wheat rising.
The most active corn contract for December delivery dropped 2. 75 cents, or 0.66 percent, to close at 4.1525 dollars per bushel. September wheat rose 4 cents, or 0.7 percent, to close at 5.795 dollars per bushel. November soybeans fell 8 cents, or 0.7…Read more
China's non-manufacturing purchasing managers' index (PMI) dropped to 55 points in June from a six-month high of 55.5 in May, official data showed on Thursday.
The non-manufacturing PMI, compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP), tracks activity in sectors including construction, software, aviation, railway transport and real estate, according to (Xinhua)…Read more