Tuesday , October 17 2017

Business

Warning from history: Could Japan-style crash hit China? – Growth slows and ratings agencies sound the alarm over China’s debt

TOKYO, Aug 16, (AFP): Sizzling property prices, a groaning debt load, wealthy tourists and tycoons willing to slap down eye-popping sums for art: China is starting to look like Japan before its economic bubble burst in the early 90s. The similarities are not lost on Beijing: President Xi Jinping has …

Read More »

How to tackle credit card debt – Young and overspent?

After Emilie Burke, 24, graduated from Princeton University in 2015 and moved to Baltimore, her expenses began piling up. “I had to put a down payment and security deposit on an apartment. I had to move. I still had to pay my cellphone bill,” says Burke, who now lives in …

Read More »

Kuwait bourse retreats into red; volume jumps – NBK dips 4 fils; Zain gains

KUWAIT CITY, Aug 15: Kuwait stocks pulled lower on Tuesday reversing last session’s gains as profit taking kicked in. The bourse dropped 15.61 pts in volatile session to 6,843.66 points even as the overall sentiment remained fickle. The KSX 15 gauge eased 0.8 points to 972.59 pts while weighted index …

Read More »

Saudi Arabia to launch joint trade commission with Iraq – Sign of thaw

RIYADH, Aug 15, (AFP): Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours. “The cabinet has decided to approve the establishment of the Saudi-Iraqi Coordinating Commission and to delegate the Saudi …

Read More »

Oil prices rally on stock drawdowns, signs of slowing US output growth – OPEC output rises in June as Libya and Nigeria ramp up production

KUWAIT CITY, Aug 14: Prices made a strong comeback in July, reversing the bear trend of the last couple of months and returning to the symbolic $50 per barrel mark. Markets witnessed a reversal in sentiment in July, sparked by several factors including: OPEC banding together to recommit to production …

Read More »

Kuwait price index ends higher in choppy session – KFH rallies 9 fils; KIPCO retreats

KUWAIT CITY, Aug 14 : Kuwait stocks swung higher on Monday after treading water in the last session. The bourse climbed 13.16 pts in choppy trade to 6859.27 points paced by banks. The overall mood however remained cautious as investors await cues before taking up fresh positions. The KSX 15 …

Read More »

NREC posts KD 7.5m net profit in first half – Company earns KD 3.7 million in second quarter

KUWAIT CITY, Aug 14: National Real Estate Company (NREC), a leading regional developer with USD2 billion in projects under development in the UAE, Egypt and other markets, today released its financial results for the first half of 2017. H1 2017 Financial Highlights (YoY) * Operating Revenue: KD9.6 million, down 35.7% …

Read More »

Dollar pares back early gains on CPI; euro ends marginally higher – Safe haven buying lifts yen amid Korean tension

Markets were generally quite this week as they awaited US inflation figures due Friday. After last week’s robust US employment numbers, the inflation report would give a better indication to the next policy move by the Federal Reserve. While employment has been consistently strong, inflation has been relatively stagnant this …

Read More »

Kuwait little changed as Zain extends gains – NBK rallies 11 fils; Jazeera Airways drops

KUWAIT CITY, Aug 13: Kuwait stocks trod water on Sunday as it opened the week on a divergent note. The bourse inched 1.1 pts up in volatile session to 6,846.11 points even as Zain and National Bank of Kuwait saw strong buying interest. The broader trend however was largely mixed. …

Read More »

Oil prices firm on easing oversupply concerns

After declining to the lowest in 7  months during June-17, oil prices in early August-17 rose to the highest level since the last week of May-17 on declining crude inventories in the US that supported a march towards rebalancing of the oil market. A number of positive developments and data …

Read More »
Translate »