Latest in Tag: stocks Highlight

Latest in Tag: stocks


Climate change could pummel stocks: study

Environmentalists aren’t the only ones fretting over climate change. A new study has calculated the risk to financial markets if temperatures are allowed to rise uninhibited. Inaction, it said, would be a bad investment. A fresh study by the Cambridge Institute for Sustainable Leadership has put a price tag on climate change mitigation. Investment portfolios …

Deutsche Welle

US stocks volatile after Fed keeps rate steady

US stock markets swung between big gains and losses after the Fed kept interest rates near zero. Investors struggled to decide how to interpret the decision and what it means for the health of the US economy. Wall Street gave up a rally of more than 1 percent on Thursday, after the Federal Reserve decided …

Deutsche Welle

US, European stocks plummet after China rout

Panic selling gripped US and European stock markets on Monday after Chinese shares sank deeper, posting their largest intra-day fall since 2007 on worries that the Asian powerhouse was in for a hard landing. US stocks tumbled in opening trade on Monday, with the Dow plummeting more than 1,000 points or 6 percent within minutes …

Deutsche Welle

China manufacturing tumbles, so do stocks

China’s factory activity saw a sharp decline in August, showed an independent survey, adding to growing worries about sputtering growth in the world’s second-largest economy. Chinese stocks also extended their losses. The Caixin’s Purchasing Manager’s Index (PMI), which tracks activity in Chinese factories and workshops, fell from 47.8 in July to 47.1 in August. It …

Deutsche Welle

Greek banking stocks plunge again

Greece’s banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens’ financial woes. The Athens stock exchange’s banking index, which measures the value of Greece’s four largest lenders, dropped 29.2 percent on Tuesday …

Deutsche Welle

Private equity firm Actis reduces stake in Egypt’s CIB

Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …

Daily News Egypt

Egypt lifts ban on brokerage firms trading foreign stocks

Reuters – Egypt’s financial regulator, as part of a broader effort to invigorate the country’s financial markets, has lifted a ban on brokerage firms and fund managers trading shares listed overseas. The markets’ watchdog introduced the ban in June 2012, saying such deals exposed investors to risks it could not monitor. Traders at the time …

Daily News Egypt

MidEast Stocks: Emaar lifts Dubai after credit upgrade; Sisi hopes buoy Egypt

Reuters – Shares in Dubai’s Emaar Properties surged to a 65-month high on Thursday after the firm regained its investment-grade credit rating, while Egyptian shares rose amid a regional uptrend on expectations that the army chief would run for president. Emaar, Dubai’s largest developer, jumped 4.7% to 8.30 dirhams. Standard and Poor’s raised its long-term …

Daily News Egypt