Asian Stocks Rise 12th Week Since December on U.S. Economy


17/03/2012 04:49 AST  Bloomberg

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.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT
Most Viewed Companies
Ticker Price Volume
RIBL 21.02 1,298,840
EMAAR 11.7 18,297,984
SPIMACO 50.75 187,448
SAGRINSURANCE 48.77 291,386
MESC 19.11 523,598
WALAA 34.19 967,506
EEC 90.02 730,935
Recent News

Investcorp to complete sale of Berlin Packaging for $1.43 billion
Investcorp announced today that it remains on track to complete the previously announced sale of Berlin Packaging, a leading supplier of rigid packaging products and services in North America, to Oak

DIFC introduces QIF as it further strengthens its offering to asset ma
Investors, regulators and tax authorities are pushing the choice of fund domicile to the fore with requirements for good corporate governance, transparency and financial regulation, while asset manag

Transco Abu Dhabi invests in LED display solutions
TRANSCO is a subsidiary of Abu Dhabi Water & Electricity Authority (ADWEA) which is acknowledged as the regional leader in transmission of water, electricity and provision of related services within

Emirates NBD PJSC NZD 100,000,000 Fixed Rate Notes due 2019
Emirates NBD PJSC (Emirates NBD) have successfully issued NZD 100 million Fixed Rate Notes, maturing in October 2019, from their $7,500 million Euro Medium Term Note Programme.

The senior

Nakheel awards Dhs120 million contract for Al Furjan infrastructure
Developer Nakheel has awarded a contract worth almost Dhs120 million for infrastructure work at its Al Furjan master community in Dubai.

The contract – with Dubai-based Target & Jima Constru

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?