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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.
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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.
Dubai’s shares fell, snapping a four-day rally, as concern over a deepening economic slowdown in China eclipsed a report that the emirate is planning two bond sales to help pay debt maturing next year.
Gitanjali Group, a $2.3b global conglomerate listed on the NSE and the BSE, has received one of the most prestigious Indian PowerBrands Hall of Fame Award for Empowering People with Disabilities, in Dubai.
LONDON - Gold prices eased on Tuesday in line with stock markets, oil and the euro as investors took profits after last week’s 6-1/2 month high, though expectations the Federal Reserve’s latest stimulus measures would spark further price gains limited losses.
