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.
QEWC reports 11pc rise in 2014 profit
DOHA: The Qatar Electricity and Water Company (QEWC) yesterday reported a net profit of QR1.53bn ($420m) (net of non-controlling interests) for the year ended December 31, 2014, up 11 percent compare
QCB real estate price index indicates pullback
DOHA: Qatar’s real estate price value gains have softened a bit in December 2014 compared to the previous month. Qatar Central Bank’s (QCB) updated real estate price index, which tracks Qatar’s real