Japan's Nikkei share average
edged up on Thursday, but pared earlier gains as investors held
back from taking major positions ahead of the closely watched
Bank of Japan meeting and a slew of domestic corporate results.
By the midday trading break, the benchmark Nikkei
added 10.56 points to 9,571.57 with strategists citing support
at its 75-day moving average around 9,437.
The broader Topix index gained 0.3 percent to
811.94. Morning trade on the main board was thin, with the Topix
trading at 39 percent of its average 90-day full day volume.
"For the market to test higher levels, we need something new
out of the BOJ, a sense that they are really determined this
time to escape deflation and meet the 1 percent inflation target
as soon as possible," said Kenichi Hirano, operating officer at
Tachibana Securities.
Expansion to up Riyadh airport capacity to 35 m
The new expansion plan for Riyadh’s King Khaled International Airport aims at increasing its capacity from 12 million to 35 million, said Khaled Al-Khaibary, spokesman of the General Authority for Ci
FGB 3rd most powerful UAE firm: Forbes
First Gulf Bank, or FGB, has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes’ Top 500 in the Arab World list.
The bank was recognised fo
Etisalat makes top bid for Maroc Tel
Gulf telecom operator Etisalat has offered a higher price for Vivendi’s Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter.
Etisalat’s bi
Jet shareholders back Etihad deal
Shareholders of India’s Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said.