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HuaweiNEW YORK - Wall Street churned for a third day on Wednesday as positive trends in the housing market offset a cautious outlook from 3M Co but were not enough to drive stocks further after the recent central bank-inspired rally.
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DUBAI - Saudi Arabia, which has been running big budget surpluses on the back of high oil prices, is expected to see those surpluses shrink gradually in coming years and could post a small deficit as early as 2016, the International Monetary Fund (IMF) said.
LONDON — European stocks steadied on Wednesday despite gains across Asia as Japan launched extra economic stimulus following similar moves from the US Federal Reserve and the European Central Bank.
LONDON — Japan’s main stock market hit a four-month high Wednesday after the country’s central bank eased monetary policy to shore up fragile economic growth, but the positive momentum ground to a halt in Europe.
LONDON - The yen fell to one-month low against the dollar on Wednesday after the Bank of Japan eased monetary policy more than expected, but with other major central banks also easing, its losses may be limited.
JERUSALEM — The World Bank warned Wednesday of a deepening fiscal crisis in the Palestinian territories and appealed to donors to act urgently to prop up the Western-backed Palestinian Authority.
LONDON - Gold prices hit 6-1/2 month highs on Wednesday after the Bank of Japan became the latest to announce a fresh round of bullion-friendly monetary easing, though they later steadied as stock markets and the euro turned lower.
LONDON/SINGAPORE - Copper rose to a 4 ½ month high on Wednesday, after the Bank of Japan followed the Fed and eased its monetary policy boosting investor confidence, but gains could be short-lived as a significant improvement in real demand is yet to be seen.
Some major Japanese brandname firms announced factory shutdowns in China on Monday and urged expatriates to stay indoors ahead of what could be more angry protests over a territorial dispute between Asia’s two biggest economies.
Majid Al Futtaim Holding on Monday announced strong growth across all three businesses and declared a 15 per cent year-on-year increase in its revenues for the first six months of 2012.
