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HuaweiUS stocks rallied on Friday to close a second straight week of gains on hopes of collective action from global central banks if Sunday’s election in Greece triggers market turmoil.
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Gold rose on Friday for a sixth consecutive session as investors bet on additional stimulus by central banks and hedged against economic uncertainty ahead of key Greek elections on Sunday.
World equity markets rose on Friday as investor fears of euro zone turmoil following Greek elections this weekend were offset by talk the world’s major central banks stand ready to make a coordinated response to ease any market dislocation.
Urgent messages flashed on cellphones, email alerts popped up and telephones rang for a team at asset manager Legg Mason. Dial in to a conference now, the 30-strong enterprise risk management team was told. A major event is underway.
One of the UAE’s leading financial institutions, Mashreq was awarded the ‘Best Regional Retail Bank Award’ at the Banker Middle East Industry Awards 2012, which took place recently.
HONG KONG — The Hong Kong stock exchange said on Friday it had entered into an agreement to buy the London Metal Exchange (LME) for a total of £1.39 billion ($2.15 billion).
BANGKOK — World stock markets rose on Friday amid expectations that central banks will act to prevent the outcome of Greece’s election this weekend from destabilizing the global economy.
LONDON - Gold prices held firm above $1,620 an ounce in Europe on Friday as caution ahead of Greek elections this weekend, which could determine its continued membership in the euro zone currency bloc, kept buyers on the sidelines.
LONDON - A rally by risk-sensitive bamks and commodity stocks drove Britain’s leading share index higher on Friday, as investors’ risk appetite returned on the possibility of further stimulus measures by central banks to tackle the euro zone debt crisis.
LONDON - European shares rose on Friday as expectations that central banks would intervene to deal with the risk of a Greek exit from the euro zone led to a recovery in financial stocks, which have fallen sharply on worries over their exposure to Greece.