U.S. stocks retreated this week, with the Standard & Poor’s 500 Index having its biggest decline since December, amid weaker-than-estimated housing data and reports showing manufacturing contracted in Europe and China.
Stocks rose on March 23 as a jump in oil prices lifted energy shares. The rally failed to help the industry avoid posting the worst performance for the week among the S&P 500’s 10 groups, falling 3 percent as Baker Hughes Inc. (BHI) slumped 11 percent. The Dow Jones Transportation Average lost 2.5 percent, the most since Nov. 25, as FedEx Corp. tumbled amid a disappointing earnings forecast. Apple Inc. (AAPL) advanced 1.8 percent after announcing its first dividend in 17 years.
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Japan's Nikkei 225 rose 0.59 percent in early trade as automakers and most financials notched gains. Across the Korean Strait, the Kospi edged up 0.07 percent to break a four-day losing streak.
Brexit negotiator David Davis on Sunday dismissed a report that Britain was prepared to pay a £40 billion ($54 billion) divorce bill on leaving the EU. The Times quoted a “Brussels source” in their
Meezan Bank, Pakistan’s first and largest Islamic bank, has been awarded ‘Best Islamic Bank’ at the second Pakistan Banking Awards, 2017, the highest accolade in Pakistan’s banking sector, that recog
Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday.
The services will be available
Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US i