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Swiss franc’s massive surge claims brokerage firm scalps
The scale and speed of the move in what is one of the world’s most-traded currencies caught many financial firms unprepared.
Euro bonds rally, shares sink in Swiss aftershock
Investors make a fresh grab for top-rated government bonds
DIB sukuk may open window for Gulf bond issues
The capital-boosting sukuk sale, with a perpetual tenor, was priced after generating $2 billion of demand nearly two months since the last deal was priced in the region.
Gold rises to 4-month high on tumbling shares
Spot gold rose as much as 2.4 per cent to its highest level since September at $1,260.30 an ounce in earlier trade.
Moody’s sees oil prices rebounding in long term
The oil producers in the GCC including the UAE also believe that crude prices will bounce back.
Flydubai’s $500m sukuk listed on Nasdaq Dubai
It was the 18th sukuk to have listed on Nasdaq Dubai since the beginning of 2014.
Gulf stocks edge up as oil link weakens
Most Gulf bourses opened lower against that background, but then moved into positive territory even as oil plunged further.
Europe stocks climb with S&P 500 Futures
The Stoxx Europe 600 Index advanced one per cent at 10:50 am in London, and S&P 500 contracts were 0.6 per cent higher.
Gulf markets edge down as oil drops; Saudi banks stay strong
Saudi Arabia’s stock index slipped 0.1 per cent as shares in petrochemicals giant Saudi Basic Industries fell 1.9 per cent; petrochemical industry earnings are under major pressure from weak oil prices.
BSE signs deal for int’l exchange in Gujarat
The exchange, which will also help global companies to raise finance from other overseas investors.
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