Emerging-market stocks rose for a fourth day, driving the benchmark index to its highest level in four weeks, amid speculation central banks from the U.S. to Europe will take measures to bolster economic growth.
Sany Heavy Equipment International Holdings Co. Ltd. (631), China’s biggest maker of excavators, jumped the most in more than nine months in Hong Kong after announcing a share buyback. Samsung Electronics Co. (005930), which gets more than a third of its sales in America and Europe, climbed to a two-month high in Seoul on optimism its earnings will improve.
The MSCI Emerging Markets Index (MXEF) added 0.8 percent to 956.64 as of 3:47 p.m. in Hong Kong, poised for its highest close since July 3. The gauge has gained 2.1 percent this month, heading for its second monthly increase. The U.S. Federal Reserve and the European Central Bank meet this week as the International Monetary Fund said Europe’s debt crisis is likely to be prolonged. Reports today showed South Korea’s industrial production fell for the first time in three months and Taiwan’s gross domestic product unexpectedly shrank.
ADX Achieves 100% in Company Disclosure Compliance
Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a 100% compliance rate in financial disclosure statements of its listed public joint stock companies within the deadli
CBB Treasury Bills oversubscribed
The Central Bank of Bahrain (CBB) announces that this week's BD35m issue of Government Treasury Bills has been oversubscribed by 114%.
The bills, carrying a maturity of 91 days, are issued
Alba sponsors CRU’s 18th World Aluminium Conference in London
Aluminium Bahrain B.S.C. (Alba)’s sponsorship of CRU’s 18th World Aluminium Conference is based on the company’s continuing commitment to remain at the forefront of initiatives that support greater i