Friday 29 July 2016
 
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EU leaders tell Britain to exit swiftly, markets steadier

European leaders told Britain on Tuesday to act quickly to resolve the political and economic confusion unleashed by its vote to leave the European Union last week, after the IMF said the uncertainty could put pressure on global economic growth.

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Cbanks ‘will smooth Brexit-driven market moves’

Major central banks will limit market turbulence as much as possible after Britain voted to leave the European Union, the head of the Bank for International Settlements said on Sunday. Some of the world's biggest central banks

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UK markets shudder after Brexit vote, sterling hits 31-year low

Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis on Friday as Britain's shock vote to leave the European Union sparked turmoil on global financial market

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Asia central banks, wade in to calm markets

At least two Asian central banks were suspected of intervening in their currency markets on Friday, according to traders, as global financial markets went into a tailspin after Britain voted to leave the European Union in a historic vote.

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Global air freight markets post 3.2pc growth

The global air freight markets in April reported a 3.2 per cent increase in demand measured in freight tonne kilometres (FTKs) compared to the same period last year, according to the International Air Transport Association (Iata).

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Dollar strength hurts stocks, oil bounces off lows

Global equity markets declined on Thursday and the dollar added to a recent string of gains after another US Federal Reserve official talked of higher US interest rates before long.   The dollar rose for a fifth

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Mubasher expands trading across new markets

Mubasher Financial Services, a leading financial institution in the Middle East, has undertaken a step to offer investors access to seven additional trading markets.   It includes South Africa, Singapore, Hong Ko

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Saudi charm offensive, faith in peg help markets

Saudi Arabia's financial markets barely blinked on Thursday after its debt was downgraded - a sign that a charm offensive by Saudi economic officials, and determined action against speculators, have bought it time in the eyes of many investo

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Mideast markets sink to multi-year lows

Middle East bourses fell sharply on Thursday as investors cashed out after Brent crude oil slipped below $30 a barrel and global markets resumed selling off.   The Saudi index tumbled 3.3 per cent to close at 5,8

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Petchems drag Saudi to 4-year low

Middle East bourses slumped on Tuesday in a broad sell-off as investors cashed out, with petrochemicals the main drag on Saudi Arabia's index and blue-chips weighing elsewhere. Brent crude had slipped towards $30 a barrel to a

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