European stocks dropped for a fourth week, the longest streak of losses since August, as concern resurfaced about the region’s debt crisis and economic reports in China and the U.S. missed estimates.
Societe Generale SA (GLE) and UniCredit SpA sank more than 8 percent as banks led losses on the Stoxx Europe 600 Index this past week. Banco Espirito Santo (BES) SA tumbled 13 percent as it announced a share sale. Nokia Oyj (NOK1V) slumped 21 percent after reporting an operating loss for its mobile-phone division and forecasting that earnings won’t recover this quarter.
The Stoxx 600 lost 2.2 percent to 253.4 as China’s economy slowed more than forecast and a U.S. report showed employers added fewer jobs in March than estimated. The gauge has still climbed 3.6 percent this year as the European Central Bank disbursed more than 1 trillion euros ($1.3 trillion) to the region’s lenders through its longer-term refinancing operation, or LTRO.
Salam International announes 3rd Q 2014
Salam International disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QR 67.2 million for the nine months
China's third-quarter growth touches 5-year low
CHINA'S third-quarter economic growth ground to its slowest pace in five years as the country continues to struggle with a downturn in the property sector, overcapacity and weak export demand. Analys