Dubai shares retreated to the lowest level in three months as Europe’s sovereign debt crisis weighed on the global economy and the International Energy Agency said it may release more oil to stabilize prices.
BusinessWeek.com — Finance
Dubai shares headed for their lowest close in three months as Europe’s sovereign debt crisis weighed on the global economy and the International Energy Agency said it may release more oil reserves to stabilize prices.
BusinessWeek.com — Finance
Asian stocks fell, driving the region’s key index lower for the first day in three, after the U.S. Federal Reserve lowered its growth forecast for the world’s biggest economy and said further stimulus measures are unlikely, fueling global growth concerns.
BusinessWeek.com — Finance
European stocks fell after the benchmark Stoxx Europe 600 Index posted the biggest gain in two months as Royal Philips Electronics NV tumbled. U.S. index futures declined, while Asian shares climbed.
BusinessWeek.com — Finance
Asian stocks fell, extending a seventh straight weekly decline, as oil traded at a four-month low after European governments failed to agree a loan payout to spare Greece from default. Japanese nuclear-power generators advanced.
BusinessWeek.com — Finance
Abu Dhabi’s benchmark stock index advanced to the highest since November on speculation the United Arab Emirates will be upgraded to emerging market status by MSCI Inc. this week. Egypt’s stocks increased.
BusinessWeek.com — Finance
European stocks fell, with the benchmark Stoxx Europe 600 Index declining for a seventh week, as concern mounted that the European Union may delay a second rescue plan for Greece.
BusinessWeek.com — Finance
European stocks gained as German Chancellor Angela Merkel retreated from demands that bondholders shoulder a “substantial” part of the cost of a Greek rescue. Asian stocks fell and U.S. futures rose.
BusinessWeek.com — Finance