Asian stocks rose this week, with the regional benchmark index capping its 12th week of advance in 13 weeks, as positive economic reports from the U.S. boosted the outlook for the region’s exporters.
Toyota Motor Corp. (7203), Japan’s No. 1 carmaker, climbed 4.7 percent as the yen weakened against the U.S. dollar. Li & Fung Ltd., a supplier of clothes and toys to Wal-Mart Stores Inc., advanced 7.6 percent as U.S. retail sales, consumer confidence and employment reports exceeded economists’ estimates. China Railway Construction Corp. dropped 8.9 percent after a section of a high-speed track it built collapsed in central China’s Hubei province following heavy rains.
CMA to allow off-market trading of shares
Saudi Arabia's securities market regulator said on Wednesday that it would permit off-market trading of shares in companies which had been suspended or delisted from the stock exchange.
MoE discusses trade relations with N.Ireland
Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, met with Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment, along with a trade delegation, to explore ways for pro
Mashreq targets Turkey, Egypt for acquisitions
Dubai's Mashreq is targeting Egypt and Turkey for acquisitions to expand beyond its crowded home market, its chief executive told Reuters as he dismissed suggestions that it could be interested in an