The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
Business Standard reported that the Department of Disinvestment has proposed an exchange traded fund of listed public sector enterprises that would constitute an offering of up to 3%government holding. According to divest.nic.in,the ...
Tags: India, Public Sector, stock and tracks
Reuters reported that Dubai listed Drake and Scull helps lift the emirate's bourse after the firm's JV won a new contract in Saudi Arabia valued at SAR 2.7 billion. Shares in DSI rise 1.6%. The contractor and engineering firm along with ...
Tags: Etisalat recovers, telecom operator, telecom, Etisalat
Reuters reported that Saudi Arabian Mining Company,Maaden,which has an aluminium JV with Alcoa,raised SAR 9 billion through an Islamic loan facility to help fund its future projects. Maaden in a bourse statement said that the murabaha ...
Tags: Maaden, Islamic loan facility, aluminium JV
The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume
Trade Arabia reported that UAE based Dana Gas has reached a lock-up and standstill agreement with bondholders to restructure USD 920 million Islamic bond by reducing the debt to USD 850 million via USD 70 million cash. Dana said that the ...
Tags: UAE, Dana Gas, Metallurgy, Gas
The Saudi stock exchange s cement index climbed almost 6% yesterday to smash the 4,000 mark for the first time in almost seven months, with some suppliers making the biggest gains of the year. The measure for the companies selling the ...
Tags: Cement, Yamamah Cement, Qassim Cement, Yanbu Cement
PTI reported that leading bourse BSE has halved the circuit limit for the Hindustan Copper scrip capping its maximum movement in a day at 10% even as the stock continued its downward trend on the bourses for the third consecutive day. The ...
Tags: BSE, copper scrip, lowers circuit
Carl Zeiss,Philips and Samsung Ventures to be among guests at the Bordeaux convention. Giorgio Anania Invest in Photonics,the business partnering convention held in Bordeaux,France,has announced the names of three key speakers for ...
Tags: Photonics, key speaker, France, invest
In order to vitalize the stock market,the Executive Yuan(the Cabinet)instructed yesterday(Dec.10)the Financial Supervisory Commission(FSC)to formulate measures encouraging foreign and mainland Chinese investors to invest in Taiwan and relax ...
Tags: stock market, FSC, investors, QDIIs
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
Taipei,Nov.12,2012(CENS)--Due to the effect of the levy of securities transaction gains tax,many major local investors have switched their investments to the Hong Kong bourse,leading to reduction of their share in the trading of Taiwanese ...
Tags: Hong Kong, Capital Gains Tax, Investors, finance
Taipei,Sept.5,2012--In line with the establishment of cross-Taiwan Strait currency clearance mechanism,listed companies will be allowed to float renminbi-denominated international bonds in Taiwan,giving them an extra channel for fund ...
Tags: cross-Taiwan Strait, currency clearance mechanism, FSC