Asian stocks fell, with the regional benchmark index capping its biggest weekly loss this year, after the Federal Reserve damped expectations for more monetary easing and on renewed concern Europe’s debt crisis will weigh on economic growth, damping the outlook for Asian exporters.
Honda Motor Co. (7267), a carmaker that gets 83 percent of its revenue abroad, dropped 4.3 percent in Tokyo. Hutchison Whampoa Ltd. (13) and other companies that do business in Europe slid after demand fell at a Spanish government bond auction. Fast Retailing Co. (9983), Asia’s top clothier, plunged 6.8 percent in Tokyo after sales at its Uniqlo stores disappointed investors.
SAUDI STOCKS HIT 6-YEAR HIGH;
?Saudi? Arabia's bourse jumped today after the Capital Market Authority said it would open the stock market to direct investment by foreign financial institutions in the first half of 2015, news agen
Kingdom Holding’s net profit surges 16.8% in Q2
Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal, registered a SR211.7 million net income in the second quarter ended June 30, 2014, an increase of 16.8 percent compared to SR181.2
Rolta in Sadara engineering project
Rolta has been awarded an additional scope of work by Sadara Chemical Company (Sadara) to implement a comprehensive engineering information system within Sadara's Jubail integrated chemical complex.