MENA likely to outperform emerging markets in 2017: Survey
Author: Arab NewsMon, 2017-03-13ID: 1489349992359237800JEDDAH: Markets in the Middle East and North Africa (MENA) are likely to outperform emerging markets (EM) in 2017 but political instability continues to be seen as the main source of risk for regional growth, according to the results of a survey conducted by EFG Hermes. The EFG Hermes’ research team recently polled […]
Britain plans for all options as Brexit nears: Minister
Author: AFPMon, 2017-03-13ID: 1489349992349237500LONDON: Britain is drawing up contingency plans in case its Brexit negotiations with the EU fail, a minister said Sunday as speculation mounted that the withdrawal process could start this week.Brexit Minister David Davis said it was in “everybody’s interests that we get a good outcome,” but said the government was “planning for the […]
Cairo set to grow by half a million this year: Report
Author: ReutersMon, 2017-03-13ID: 1489349992299237200CAIRO: The population of Cairo is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on the country’s economy struggling to recover from six years of political turmoil.Greater Cairo, a metropolitan area including Cairo and parts of the Giza and Qalyubia provinces, is home […]
Manila eyes ‘golden age of infrastructure’
Author: AFPMon, 2017-03-13ID: 1489349992249236900MANILA: Desperately needed airports and trains are part of Philippine President Rodrigo Duterte’s envisioned “golden age of infrastructure,” but graft, red tape and other perennial problems threaten the $170-billion plan.Unprecedented influxes of money from China and Japan are key planks of the hoped-for building frenzy, which aims to rectify decades of underspending that has […]
Wall Street flat as investors prepare for potential rate hike
By Yashaswini Swamynathan REUTERS – U.S. stocks were little changed on Monday as investors preferred to hold their bets ahead of a widely expected interest rate hike by the Federal Reserve later this week. The Federal Open Market Committee, the central bank’s policy-setting board, is expected to lift interest rates by a quarter point to […]
Oil down again, dollar steady as pivotal week for markets gets underway
By Vikram Subhedar LONDON (Reuters) – Oil prices, down for a fifth straight day on Monday, were an outlier in a relatively calm start to an event-packed week for global markets as investors braced for a potential interest rate hike in the United States, a Dutch election and the first G20 finance ministers’ meeting of […]
Japan PM Abe seeks Saudi support for Aramco listing in Tokyo
By Kiyoshi Takenaka and Osamu Tsukimori TOKYO (Reuters) – Japan’s Prime Minister Shinzo Abe asked Saudi Arabia’s King Salman on Monday to support a listing of oil giant Aramco’s shares in Tokyo, as financial centres in Asia and elsewhere step up efforts to win the coveted $100 billion listing. Abe made the request for support […]
US STOCKS-Wall St set to open flat as rate hike looms
* Fed’s two-day meeting kicks off on Tuesday * Traders see 94 pct chance of rate hike after Fed meeting * Mobileye jumps on $15.3 bln Intel deal * Futures: Dow up 10 pts, S&P up 0.75 pts, Nasdaq down 0.75pts (Adds details, comments, updates prices) By Yashaswini Swamynathan March 13 (Reuters) – U.S. stock […]
European shares inch up as miners, M&A offset weak oil
By Danilo Masoni MILAN (Reuters) – European shares inched higher on Monday as gains among miners more than offset weaker oil stocks, while fresh dealmaking activity lifted mid-caps. Investors remained cautious ahead of Wednesday’s general election in the Netherlands, and an expected U.S. rate hike, as well as a Group of 20 (G20) finance ministers’ […]
Indian markets closed for Holi
Indian stocks, bonds and currency markets will be closed on Monday for the Hindu festival Holi. Trading will resume on Tuesday. Nifty rose 0.08 percent to 8,934.55 on Friday, while Sensex gained 0.06 percent to 28,946.23. The benchmark 10-year bond yield rose 5 basis points to 6.90 percent from its previous close. The rupee strengthened […]
