World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilise its slowing economy or halt a stocks collapse that is wreaking havoc in global markets.
Europe's main stock markets,
Asian stocks fell on Wednesday as investors feared fresh rate cuts in China would not be enough stabilise its cooling economy or halt a collapse in its stock markets.
China's key share indexes attempted to move higher several
Saudi Arabia's stock market surged 7.4 per cent on Tuesday as the region rebounded from several days of heavy selling, encouraged by stronger oil prices and rising global bourses.
The main Saudi stock index&
European stocks slumped on Monday after a rout in Chinese markets, wiping hundreds of billions of euros off leading shares and sending one benchmark index to a seven-month low.
The pan-European FTSEurofirst 300 fell 3.2 per cent t
Oil prices fell more than 4 per cent to fresh 6-1/2-year lows after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.
United Arab Emirates stock markets fell sharply in early trade on Monday in response to tumbling bourses in Asia and a fresh slide in oil prices.
The main Dubai index lost 5.8 per cent to 3,252 points in the opening minutes, neari
The Indian rupee dropped to fresh two-year low and the country's stock market benchmark Sensex plunged 1,092 points.
The rupee was trading at 66.46 down 63 paise to the US dollar compared to it previous close on Friday on the
Dubai's stock market led losses in the Gulf early on Thursday after oil prices in the US tumbled to their lowest level since 2009.
US crude slumped over 4 per cent on Wednesday as a huge, unexpected stockpile build in the US r
A Saudi Arabian official denied media reports that this month's plunge of the Saudi stock market was due to government bodies selling shares to raise money following the drop in oil prices, state news agency SPA reported on Wednesday.
A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.
The agreement has made s