Posted by editor on October 31, 2016

 

The Arabcom Group organizes the 17th MENA International Financial Conference and Exhibition on Thursday 3 and Friday 4 November 2016 at the Westin Mina Seyahi Hotel in Dubai.  Marking its eighth anniversary, the show is successfully the leading B2B & B2C event in the MENA region covering a wide array of business and investments opportunities in the online trading, Fintech, and managed funds industries.

Posted by support on October 26, 2016

LONDON (Reuters) - The Bank of England is not now expected to ease policy until early 2017, according to economists in a Reuters poll who almost unanimously said staying in the European Union would be the best for the UK's long-term trading prospects.
Britain voted to leave the EU on June 23 and while the economy has so far fared better than expected, sterling has collapsed to levels not seen in over three decades.

Posted by support on October 26, 2016

SINGAPORE (Reuters) - BP (L:BP) plans to ship 1 million barrels of U.S. crude to Thailand and Australia for the first time, three trade sources said on Wednesday, as the company steps up American oil exports to meet demand in the Asia-Pacific region.
The cargo will add to at least four shipments of U.S. crude by BP to Asia earlier this year after the United States government lifted a decades-old ban on crude exports in late 2015.

Posted by support on October 26, 2016

Gold prices rose to a three-week high during Europe's session on Wednesday, as the U.S. dollar backed away from nine-month peaks hit overnight, boosting the appeal of the precious metal.
Gold for December delivery on the Comex division of the New York Mercantile Exchange touched a session high of $1,277.15 a troy ounce, the most since October 5.
It was last at $1,276.05 by 3:10AM ET (07:10GMT), up $2.35, or 0.18%, after rallying $9.90, or 0.78%, on Tuesday.

Posted by support on October 18, 2016

LONDON (Reuters) - British housebuilder Bellway (LON:BWY) posted better than expected full-year profit on Tuesday and said that demand for new homes has remained resilient since Britons voted to leave the European Union.
Bellway, which builds about half of its homes in London and the south of England, reported pretax profit up 41 percent to 498 million pounds in the year to July 31, marginally ahead of forecasts in a Thomson Reuters poll of analysts.

Posted by support on October 18, 2016

LONDON (Reuters) - British luxury fashion label Burberry reported a better-than-expected 2 percent rise in retail sales in its second quarter after tourists in London took advantage of the weaker pound to buy its luxury goods.
The company said positive trading in Europe and a "significant outperformance in the UK" helped the improvement in comparable retail sales, its first growth in the measure for four quarters.

Posted by support on October 18, 2016

NEW YORK (Reuters) - The Federal Reserve is very close to its U.S. employment and inflation targets, the Fed's vice chair said on Monday, adding he is therefore "not enthusiastic" about raising the price-level target in an attempt to spur economic growth.
"We are very close to our targets" of full employment and 2-percent inflation, said Stanley Fischer. "So we're not in deep trouble with monetary policy at the moment," he responded when asked about the concept of raising the Fed's inflation target.

Posted by support on October 14, 2016

LONDON (Reuters) - Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million (80.42 million pounds) of shares, sending its stock as much as 17 percent higher on Friday.
Having fallen nearly 40 percent this year at Thursday's close, the shares were on course for their biggest one-day gain in more than seven years.

Posted by support on October 14, 2016

LONDON (Reuters) - Britain's vote in a June referendum to leave the European Union had no constitutional substance, according to lawyers leading a bid to force the government to seek parliamentary approval before formally starting the Brexit process.
"It was an advisory referendum, no more than that," David Pannick told the High Court on Thursday.

Posted by support on October 10, 2016

 Philippines equities were lower at the close on Monday, as losses in the Holding Firms, Industrials and Services sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.58% to hit a new 3-month low.
The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 7.28% or 0.330 points to trade at 4.860 at the close. Bank of the Philippine Islands (PS:BPI) added 0.68% or 0.70 points to end at 104.00 and Energy Development Corp (PS:EDC) was up 0.51% or 0.030 points to 5.930 in late trade.

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