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- Saudi Arabian Shares Drop Most in 10 Months After Oil Tumbles
- Sipchem inks $373m loan deal for key project
- Yen Gains on Slowing U.S. Growth Amid Europe Crisis Safety Bets
- Canada Dollar Drops for Fifth Week as Jobs Data Adds to Gloom
- Ringgit seen remaining weak
- Gulf Bank's Alsamerai named 'HR Professional of the Year'
- Middle East Media wins 6-year exclusive advertising contract
- PDO extends Galfar contract
- OIB-HSBC Oman merger 'almost complete'
- Bahrain, India sign tax dealto boost ties
22/06/2011 00:00 AST
Hong Kong shares edged higher on Wednesday but a weak China market hobbled by a cash crunch in the banking system kept gains in check, with mainland banking shares under pressure.
The Hang Seng index rose 0.3 percent to 21,922.7 by the midday trading break, supported by a 6.1 percent surge in consumer goods exporter Li & Fung , which is holding a large investor day event in Hong Kong.
The index shed earlier gains, however, as investors remained wary of building large bets in a choppy market that has seen Hong Kong's benchmark drop over 10 percent in two months and break below important chart support levels.
"Asian investors are worried about the inflation problems and the rising interest rates we've seen in the region and i think given that activity is coming off, we're going to some downgrades on the earnings front," said Geoff Lewis, Head of Investment Services of JPMorgan Asset Management.
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Guardian.co.uk
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
14/09/2024
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
A week's
AFP
05/04/2018
Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.
The Gulf Today
04/04/2018
Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.
Gulf News
04/04/2018
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said o
Oman Daily Observer
03/04/2018
Explaining Japan's economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the
The National
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