Treasury 10-year note yields fell for the sixth week in a row, matching the longest streak since June, as slowing growth and concern Europe’s debt crisis is worsening bolstered the refuge appeal of U.S. government debt.
Yields on the benchmark note dropped to the lowest level in two months as government reports showed the U.S. economy expanded less-than-forecast in the first quarter and weekly jobless claims rose. U.S. payrolls added fewer than 200,000 positions in April for a second straight month, data next week may show, adding to expectations from investors including Bill Gross that the Federal Reserve is far from pulling back on monetary stimulus.
Centrepoint to invest Dh1bn in 100 stores, hire 10,000 staff
Centrepoint, which has four Landmark Group brands under its umbrella, will invest Dh1 billion to set up 100 new outlets and hire around 10,000 employees over next five years in the Mena region.
Now in UAE: Get a loan against your shares... the Islamic way
Emirates Islamic, one of the leading Islamic banks in the UAE, has launched ‘Financing Against Shares’ scheme whereby its customers who invest in Shari’a compliant equities can access financing secur
FGB hosts UAE real estate and regional investment markets seminar
First Gulf Bank (FGB), one of the leading banks in the UAE, hosted a seminar for its ‘First Wealth’ high net worth customers at Jumeirah Emirates Towers in Dubai yesterday, to review the current stat
KCIC reports KWD 1.03 million in profit for 2013
KCIC, which specializes in investments in domestic demand-driven sectors in Asia, has announced a net profit of KWD 1.03 million for the year 2013, with an earnings per share of 1.30 fils and a retur