markets

DFM drops on bets rally overdone on Europe

DUBAI — Dubai’s stocks retreated for a fifth day for the longest stretch of declines since November on speculation this year’s rally was overdone as Europe’s credit crisis damped investor appetite for riskier assets.

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Euro rises on German Ifo, gains seen fragile

The euro rose on Friday after a better-than-expected a German business sentiment survey, but gains looked set to be capped by concerns over Spain’s finances and uncertainty ahead of the first round of French presidential elections on Sunday.

markets

BRICS demand bigger IMF role

markets

BRICS demand bigger IMF role

The International Monetary Fund’s bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.

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markets

Olympus hopes for fresh start

Six months after the biggest scandal in corporate Japan for decades, shareholders of Olympus Corp were set on Friday to vote in a new board that will cement ties with its bankers but raise questions among foreign investors over whether any lessons have been learnt.

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