Live: European stock indices declined at the end of the first session of the week, today, Monday, with the evaluation of economic data indicating that the growth in profits of industrial companies in China slowed significantly during the month of October, which raised concerns about the recovery of the second largest economy in the world. … Read more
Live: Oil futures prices closed today’s trading with a decline after the OPEC Plus meeting was postponed. Futures prices for standard Brent crude for January delivery fell by 1.7%, equivalent to $1.38, at $80.58 per barrel, ending the week almost unchanged, after a series of losses that extended over four weeks.. While the price of … Read more
Jakarta – British bank Barclays is currently preparing a plan to save the company’s operations of up to 1 billion pounds or the equivalent of Rp. 19.5 trillion (exchange rate of Rp. 19,500/US dollar). In this savings plan, the company will reportedly cut around 1,500-2,000 employees. Launching from ReutersFriday (24/11/2023), a worker who is aware … Read more
Live: European stock indices rose at the close of trading on Wednesday, with consumer confidence in the euro zone increasing unexpectedly this month. At the end of the session, the European Stoxx 600 index rose 0.3% to 457.2 points, the highest level since September 20, and gains were limited by a decline in the energy, … Read more
China’s state-owned banks have this week swapped yuan for US dollars in the swap market and then sold those dollars in spot currency markets in an effort to kick-start the faltering economy. As a result, the Chinese national currency strengthened by 2% over the last week and is at the level of 7.13 per dollar. … Read more
Abu Dhabi – Mubasher: Real estate prices increased by about 15 percent in the Emirates of Dubai and Abu Dhabi from the second quarter of 2021 until this week, with 80,000 units currently under construction. Julien Haddad, Vice President and Chief Analyst at Moody’s Credit Rating Agency, noted that this strong performance reflects the success … Read more
Noha Makram – Live – The majority of US stocks opened higher today, Friday, adding to their strong gains during the week, against the backdrop of retail sales updates and a decline in oil, which Wall Street sees as signs of a slowdown in the economy. The S&P 500 index rose by approximately 0.1%, while … Read more
Ahmed Al-Demerdash – Mubasher: UAE financial market indices rose at the end of the week’s trading, amid increasing investor bets that the Federal Reserve has reached the end of its monetary tightening cycle, putting pressure on the dollar and Treasury bond yields. According to UAE financial market data, the Dubai Financial Market recorded gains during … Read more
Leonardo announces a secondary offering to the public in the United States, through Leonardo US Holding, of a minority stake equal to 16,500,000 ordinary shares of Leonardo DRS, approximately 6.3%. The underwriting banks will be granted a 30-day option to purchase an additional 2,475,000 Drs shares. In DRS, Leonardo Us will retain approximately 73.9%, 72.9% … Read more
Direct: Gold prices rose at the end of Tuesday’s trading, driven by the sharp decline in the value of the dollar and Treasury bond yields, amid investor optimism about the near end of the monetary tightening cycle. At the end of trading, futures prices for the yellow metal for December delivery rose by 0.85%, or … Read more