Sunday , January 21 2018

Business

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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Microsoft’s new businesses shine, but PC software still sags

SAN FRANCISCO, Oct 23, (AP): Microsoft may still be suffering from lagging sales of personal computers, but the tech giant has taken some cues from rivals like Apple and Google – and it’s now seeing substantial growth in more promising lines of business ranging from mobile apps and advertising to …

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American Airlines 3Q profit soars on cheaper jet fuel

A big merger and cheaper jet fuel are doing wonders for American Airlines. The world’s biggest airline reported Friday that its net income jumped 80 percent in the third quarter to $1.69 billion despite lower revenue. Earnings got a big lift as fuel costs plunged 43 percent, a savings of …

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BMW Concept M4 GTS: High-performance by all means – 3.0-liter engine boosted by innovative water injection tech

KUWAIT CITY, Oct 21: A year on from the launch of the BMW M4 Coupe, BMW M Division is presenting an initial preview of a high-performance model for use on the road and, above all, on the race track: the BMW Concept M4 GTS. With the BMW M4 GTS’ spectacular …

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Experts discuss risk to oil investment – No OPEC, non-member output cuts discussed — delegates

VIENNA, Oct 21, (RTRS): A meeting of oil experts from OPEC and non-member countries discussed the risk that low oil prices would reduce investment in new supplies but agreed no concrete steps on boosting the market, officials said after the talks on Wednesday. The Organization of the Petroleum Exporting Countries …

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Tijari records net profit of KD 25.4 mln for nine months – Bank continues to maintain lowest NPL ratio at 0.94%

KUWAIT CITY, Oct 21: Commercial Bank of Kuwait announced net profit of KD 25.4 million for the nine months period of 2015 compared with KD 25.3 million of last year. The operating profit before provision was KD 74.0 million compared to KD 73.5 million for the same period during last …

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KSE retreats 11.51 pts amid uptick in volume – Americana gains 20 fils; Humansoft tumbles

KUWAIT CITY, Oct 21: Kuwait stocks retreated on Wednesday snapping the three-day advance. The key gauge slipped 11.51 points to 5,793.41 pts in lackluster trade as profit booking weighed on select counters. The banks were mostly subdued while other heavyweights closed lower. The KSX 15 benchmark fell 2.76 points to …

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