Monday , January 27 2020

Recent News

Emerging markets on edge as virus spreads from China

Bloomberg The rapid spread of a deadly virus from China will be top of emerging-market investors’ minds as they ponder its impact on the global economy. Concern that the outbreak will develop into something akin to the Sars pandemic of 2003 halted a seven-week rally in developing-nation stocks, currencies and ...

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No case of coronavirus in UAE, says ministry

ABU DHABI / WAM UAE Minister of Health Abdul Rahman Bin Mohammed Al Owais has stressed that no case of coronavirus infection was found in the UAE and that all necessary precautions have been taken to protect the country from the disease. The minister made the statement during a meeting ...

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Volatility resurfaces in stocks

Bloomberg On a day rife with reasons for optimism, stock investors absorbed their sharpest blow since October as creeping nervousness around a virus outbreak finally provoked some serious selling. The S&P 500 fell almost 1 percent, its biggest drop in nearly four months. The equity market’s “fear gauge,” the Cboe ...

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Copper sees worst losing streak since 2018 on virus fears

Bloomberg Copper saw its worst streak of losses since mid-2018 as more patients were infected by the deadly coronavirus in the US, spurring a sell-off in riskier assets while boosting gold’s haven appeal. US officials are monitoring more than 60 people as they attempt to catch new cases of coronavirus ...

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Plunging penny stocks stir mutual fund crisis in Jakarta

Bloomberg A crisis of confidence is brewing in Indonesia’s mutual-fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value. The volatility has triggered a “serious issue” in the nation’s capital markets that’s raised public concerns, said Wimboh Santoso, chairman of Indonesia’s ...

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US futures gain as China moves to contain virus

Bloomberg US equity-index futures gained on Wednesday as China took steps to contain the spread of a deadly virus that had rattled international markets. Treasuries and the dollar were steady. Contracts on the three main American equity indexes all rose, with Netflix Inc and International Business Machines Corp climbing in ...

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Southeast Asian IPOs lose their shine in HK

Bloomberg Southeast Asian companies seeking to list in Hong Kong may be better off staying at home as investors in the financial hub continue to avoid small-cap stocks. Initial public offerings from Southeast Asian companies in Hong Kong are generally tiny. The average deal size of such IPOs last year ...

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