Asian stocks swung between gains and losses as the region’s benchmark equity index headed toward its biggest quarterly gain since 2010. Japanese manufacturers slid after the nation’s industrial production unexpectedly fell and investors waited for U.S. data on income and spending.
Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, climbed 1.6 percent after posting earnings that exceeded estimates. Fanuc Corp. (6954), Japan’s biggest maker of factory robots, fell 2.3 percent. Sun Hung Kai Properties Ltd. (16), the world No. 2 real estate company, plunged 12 percent in Hong Kong after the firm’s co-chairmen were arrested in a corruption probe.
Industrial automation to shape Saudi’s economy
International and local companies will be showcasing the latest innovations, products, solutions and services during Sept.9 and 10 in the Kingdom of Saudi Arabia at the first mega industrial event —
UAE’s hotel industry performing well
The UAE’s hotel industry continues to maintain robust performance as it enters the third quarter of the year. The emirate of Dubai alone has reported massive occupancy as it hosted a plethora of even