Thursday , January 18 2018

Business

Weak oil and strong dollar – a puzzling relationship – Widely used currency versus widely traded commodity in world

The relationship between oil price and dollar value is intriguing not only to the US and the oil-exporters, but to researchers and governments all over the world. Most commodities, including oil tend to be negatively correlated with the US dollar as most commodities are traded in dollar. The magnitude of …

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Facebook hits all-time high amid tech euphoria

SAN FRANCISCO, Oct 24, (AFP): Facebook shares lifted Friday to an all-time high, crossing $100 for the first time, during a rally in the technology sector on Wall Street. Shares in Facebook rallied 2.5 percent to close at a record $102.19, to give the world’s biggest social network a market …

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ALAFCO records KD 16 mln net profit – Shareholders’ equity up 11% and EPS clocks 19.6 fils 

KUWAIT CITY, Oct 24: The Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of KD 16 million for the fiscal year ended Sept 30, 2015. This translates into Earnings Per …

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Kuwait awards $30bn projects by end of Q3 – New Al-Zour refinery expected to be completed in 45 months

KUWAIT CITY, Oct 24: The total value of projects awarded in Kuwait in 2015 climbed to KD 9 billion ($30 billion) by the end of the third quarter. Kuwait’s project market, which has lagged behind other GCC countries in the past, is second only to Saudi Arabia in terms of …

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Market chalks gains for all three indices

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,780.76 points, up by 0.86% from the week before closing, the Weighted Index increased by 0.68% after closing at 389.81 points, whereas the KSX-15 Index closed at 929.05 points up by 0.60%. Furthermore, last …

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Kuwait’s crude oil exports to China hit record high – Oil minister lauds KPI expansion in Italy, European markets

TOKYO, Oct 23, (KUNA): Kuwait’s crude oil exports to China jumped 49.5 percent in September from a year earlier to record high of 1.75 million tons, equivalent to around 427,000 barrels per day (bpd), latest government data showed. Volume of Kuwaiti crude oil shipments to China marked the highest level …

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Kuwait bourse indices wind up in positive zone on Q3 earnings – Volume rises sharply from last week

KUWAIT CITY, Oct 23: The KSE indices closed in positive as the market witnessed quarterly earnings announce-ments. The KSE Index closed at 5,780.76 up 49.50 points as the index reported gains at the beginning of the week, the first three trading sessions recorded 73.66 points. However, towards the end of …

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Wal-Mart puts the squeeze on suppliers as earnings sag – ‘The ground is shaking here’

NEW YORK, Oct 23, (RTRS): Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer. The discount store behemoth …

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