Author Archives: Editor - Stock Markets News

MIDEAST STOCKS-Saudi rebounds on OPEC deal but ends week with big loss

* Saudi petrochemicals lead gains * U.S. Congress vote on suing Saudi has little impact * But some analysts see long-term problem * UAE markets follow global bourses higher * Egypt’s Orascom Construction rises on buy-back price By Celine Aswad … Continue reading

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MIDEAST STOCKS-Saudi rebounds on OPEC deal but ends week with big loss

* Saudi petrochemicals lead gains * U.S. Congress vote on suing Saudi has little impact * But some analysts see long-term problem * UAE markets follow global bourses higher * Egypt’s Orascom Construction rises on buy-back price By Celine Aswad … Continue reading

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PepsiCo's drinks, snacks boost sales in North America

PURCHASE, N.Y. (AP) — PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit that beat Wall Street expectations. The maker of Gatorade sports drinks and Mountain Dew soda … Continue reading

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Wall Street lower as oil pulls back

By Yashaswini Swamynathan (Reuters) – U.S. stocks were slightly lower in choppy trading on Thursday morning as oil prices pulled back and investors assessed a set of economic data and comments from Federal Reserve officials. Oil prices rallied nearly 6 … Continue reading

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Wall Street set to open slightly lower

By Yashaswini Swamynathan REUTERS – U.S. stocks looked set to open slightly lower as oil prices lost ground and investors assessed a set of economic data ahead of Federal Reserve Chair Janet Yellen’s speech. An agreement among major oil producing … Continue reading

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Wall Street set to open slightly lower

By Yashaswini Swamynathan REUTERS – U.S. stocks looked set to open slightly lower as oil prices lost ground and investors assessed a set of economic data ahead of Federal Reserve Chair Janet Yellen’s speech. An agreement among major oil producing … Continue reading

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South Africa's political uncertainty, reform of state firms a concern: S&P

JOHANNESBURG (Reuters) – The slow reform of South Africa’s state-owned firms and the upheaval swirling around the finance minister pose risks to the country’s investment grade credit rating, an executive from Standard & Poor’s said on Thursday. “We have said … Continue reading

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South Africa's political uncertainty, reform of state firms a concern: S&P

JOHANNESBURG (Reuters) – The slow reform of South Africa’s state-owned firms and the upheaval swirling around the finance minister pose risks to the country’s investment grade credit rating, an executive from Standard & Poor’s said on Thursday. “We have said … Continue reading

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TI Fluid Systems looks to raise 600 million euros in London debut

By Noor Zainab Hussain (Reuters) – Auto parts maker TI Fluid Systems said it expected to raise about 600 million euros (£517.99 million) in an initial public offering in London, signalling a return of IPOs that were put on the … Continue reading

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TI Fluid Systems looks to raise 600 million euros in London debut

By Noor Zainab Hussain (Reuters) – Auto parts maker TI Fluid Systems said it expected to raise about 600 million euros (£517.99 million) in an initial public offering in London, signalling a return of IPOs that were put on the … Continue reading

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