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HuaweiLONDON - Uncertainty over Spain’s next move to tackle its funding problems and renewed worries about the global growth outlook capped moves in shares and the euro on Tuesday.
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MADRID — Spain’s borrowing costs surged in a short-term debt auction on Tuesday as the government resisted pressure to quickly seek a full-blown sovereign bailout.
LONDON - British consumer goods group Reckitt Benckiser is to withdraw its Suboxone heroin treatment tablets in favour of a film version in the United States over the next six months due to the higher risk of children getting hold of the tablets.
TOKYO - Cash-strapped Sharp Corp will win approval from its banks as early as Thursday to secure as much as 210 billion yen ($2.7 billion) in fresh loans with a plan that commits the loss-making company to return to profit, a source at one of its main lenders said on Tuesday.
LONDON - Lingering worries over the euro zone’s sovereign debt crisis pegged back European equities on Tuesday following a recent sharp rally and pushed investors towards relatively defensive equity sectors such as food and energy stocks.
Uncertainty over Europe’s debt problems and global growth kept a lid on financial markets on Tuesday.
Gold steadied on Tuesday, defying a modest show of strength in the dollar, following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay.
European Central Bank Executive Board member Benoit Coeure said on Sunday recent economic and inflation data do not justify another cut in interest rates, adding that confidence was returning.
Prime developments in Abu Dhabi sustained rates while old properties witnessed rise in vacancy levels in the third quarter, according to property management company Asteco.
The exhibition season kicks off once again today with special shows and events across a range of sectors at the Dubai World Trade Centre (DWTC).
