Business / Stock Market

Acquisitive Adani's 'totally unexpected' bid propels India's NDTV stock 24 Aug 2022 - 11:44 am

Bengaluru: India's NDTV Ltd saw its shares jump 5% on Wednesday to a 14-year high after billionaire Gautam Adani's conglomerate surprised the media...

Netflix burns shorts as ‘extreme’ bearishness ebbs 16 Aug 2022 - 02:14 pm

Investors who bet against Netflix Inc. in recent months might now be licking their wounds. Shares of the streaming giant have surged 50%...

Bitcoin tops $25,000 for first time since June amid crypto rally 14 Aug 2022 - 02:12 pm

Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s...

Foreign ETF investors dial back bets against Turkish equities 08 Aug 2022 - 12:18 pm

Foreign investors are bailing on their bearish wagers against Turkish stocks, with short positions on an exchange-traded fund falling to their lowest level...

Qatar stock market index closes higher 02 Aug 2022 - 09:00 am

Doha:The general index of Qatar Stock Exchange recorded Monday an increase of 99.08 points, or 0.74 percent, to reach 13,469.110 points. During yesterday’s...

Saudi bourse snaps five sessions of gains; Qatar rises 24 Jul 2022 - 04:37 pm

Saudi Arabian shares edged down on Sunday, snapping five straight sessions of gains, following Friday's fall in crude oil prices, although the Qatari...

ADB cuts 2022 growth outlook for South Korean economy to 2.6% 22 Jul 2022 - 10:35 am

Manila: The Asian Development Bank (ADB) yesterday slashed its 2022 growth outlook for the South Korean economy to 2.6% amid the ongoing Ukraine...

PepsiCo boosts outlook as consumers keep buying despite inflation 12 Jul 2022 - 03:59 pm

PepsiCo Inc. raised its outlook for the second time in as many quarters, saying it expects revenue to grow 10% this year as...

Euro drops to 20-year low, approaches parity with dollar 12 Jul 2022 - 12:37 pm

Brettell NEW YORK: TheEuroslid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy...

Bitcoin traces an ominous chart pattern evoking plunge in June 12 Jul 2022 - 10:17 am

The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses. The largest digital token has traced a so-called rising wedge,...

Wall St Week Ahead: Recession? Soft landing? Stagflation? Investors assess economy's strength 10 Jul 2022 - 05:07 pm

NEW YORK: With a miserable first half for the stock market now in the history books, investors are assessing whether the US economy...

Kuwait Bourse closes lower 03 Jul 2022 - 01:45 pm

Kuwait Bourse closed down on Monday as the All Share Index lost 15.22 points to reach 7,162.7 points, a decrease of 0.21 percent....

Fear has gone missing in Wall Street’s slow-motion bear market 25 Jun 2022 - 08:27 pm

For all the pain that has piled up in the US stock market, one thing has been in surprisingly short supply: Fear. Virtually...

Bitcoin slides below $20,000 to lowest since December 2020 18 Jun 2022 - 06:41 pm

Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were...

Small players lose faith in crypto after sell-off 17 May 2022 - 02:27 pm

Washington/Mumbai: Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her...

Election win for Philippines' Marcos shores up family-affiliated stocks 11 May 2022 - 03:30 pm

MANILA: Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were...

Philippine stocks fall as traders weigh Marcos win, global rout 10 May 2022 - 08:49 am

The benchmark Philippine stock index slid amid a global selloff, as investors awaited Ferdinand Marcos Jr.’s economic policies following his landslide win in...