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.
Dubai bourse tops 3,000 for first time in 5 years
Dubai's bourse closed above 3,000 points for the first time in five years as investors repositioned into stocks ahead of earnings and dividend season with the index climbing 0.9 percent to its highes
Saudi Re seminar on Saudi Property Insurance Market
audi Reinsurance Company (Saudi Re) organised a seminar on the Saudi property insurance market which was attended by insurance professionals from companies operating in Saudi Arabia. The seminar come
Saudi petchem giants eye share-swap merger in 2014
Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Company (Sipchem) hope to complete a share-swap merger in the first half of 2014 that would create a firm valued around $5 bi
U.S. Service Sector Activity Grows At Slower Rate In November
While the Institute for Supply Management released a report on Wednesday showing continued growth in service sector activity in the month of November, the pace of growth unexpectedly slowed.
European Stocks Little Changed Before ECB, BOE Decisions
European stocks were little changed, following a four-day decline, as investors awaited interest-rate decisions from the European Central Bank and the Bank of England. U.S. index futures fluctuated,