China’s stocks fell, dragging the benchmark index down the most in more than three months, after Premier Wen Jiabao said home prices are still far from reasonable levels.
The Shanghai Composite Index (SHCOMP) slumped 2.6 percent at the close, reversing an earlier 0.8 percent gain. A relaxation of curbs on the property market would lead to “chaos,” Wen said at a press conference in Beijing today. A gauge tracking property stocks sank 3.7 percent, led by Poly Real Estate Group Co., while Anhui Conch Cement Co. paced losses by building- material companies.
Investcorp and Mumtalakat acquire PRO Unlimited
nvestcorp and Mumtalakat today announced that they have acquired PRO Unlimited, a provider of software and services that enable large enterprises to more effectively manage their contingentworkforce.
Kingdom Holding Q3 net profit rises 20.5pc
Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit on Thursday, on the back of higher investm
Qatar’s UK investments hit £30bn
Qatar’s investment in the UK has reached an estimated £30bn. The country will continue to be one of the main investment destinations of Qatar, said the Minister of Economy and Commerce, H E Sheikh Ah