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Global stocks, sterling fight back after Brexit beating

June 28, 2016 by shekarm

World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.

Gulf countries exported over 70 mn tonnes of petrochemicals

May 5, 2016 by shekarm

Gulf countries exported over 70 million tonnes of petrochemicals last year which was 80 per cent of its total production by the six member states of the GCC, officials said.

"With 80 per cent of the GCC (Gulf Cooperation Council) petrochemical output exported overseas, we want to push and challenge the thinking processes in t

China exports rise for first time in nine months

April 13, 2016 by shekarm

Chinese exports surged in March, the first gain in nine months and the latest positive data out of the world's number two economy, but analysts warned Wednesday's headline figure masked ongoing weakness in overseas demand.

Official figures showing a better-than-expected jump in shipments abroad come just days after another st

Wall Street Week Ahead - Economic data could help stocks

March 25, 2016 by shekarm

The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession.

Europe shares dip after Asia hits two-month high, oil rises

March 7, 2016 by shekarm

European shares fell on Monday, unable to maintain the momentum that took Asian equities to two-month highs after upbeat U.S. jobs data and as oil prices rose further.

China lowers GDP target to 6.5%

March 5, 2016 by shekarm

China today lowered its growth target to 6.5 per cent for this year as the world's second largest economy reeled under continued economic slowdown which last year slipped to below 7 per cent, the lowest in 26 years.

China's economy, which grew 6.9 per cent last year, was within "an appropriate range," Premier Li Keqiang said

Wall St Weekahead - Focus sharpens on Fed after hot inflation data

February 20, 2016 by shekarm

With next week's calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the U.S. central bank's next move, but an unexpectedly hot reading on inflation on Friday will further sharpen that focus.

Japan economy shrinks more than expected, highlights lack of policy options

February 15, 2016 by shekarm

Japan's economy shrank more than expected in the final quarter of last year as consumer spending and exports slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery.

European shares steady after Monday's slump, sentiment fragile

February 9, 2016 by shekarm

European shares steadied in choppy trade on Tuesday, underpinned by some positive earnings reports after suffering heavy losses in the previous session on persistent concerns over the health of the region's top banks.

China Dec factory activity shrinks, more stimulus needed in 2016

January 2, 2016 by shekarm

China looked set for a soggy start to 2016 after activity in the manufacturing sector contracted for a fifth straight month in December, suggesting the government may have to step up policy support to avert a sharper slowdown.

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