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Asia stocks jump, yen weakens as BOJ adopts negative ratesAsian shares jumped on Friday and the yen swooned after the Bank of Japan stunned markets by adopting negative interest rates in its boldest step yet to reinflate the long-languishing economy. The yen fell acro More… |
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Oil up to $50 as US stock-draw balances China dataThe price of Brent crude oil jumped more than two per cent to $50 a barrel on Wednesday as a drawdown in US crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. The US More… |
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Bahrain with ‘most negative sentiment’ towards savingBahrain registered the most negative sentiment towards saving among the GCC countries, with an index score of -1.93 (minus 1.93) in comparison to -0.94 last year, revealed a survey by UAE-based National Bonds Corporation. The annu More… |
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Moody's cuts Bahrain banking outlookThe outlook on Bahrain's retail banking system remains negative, reflecting the fragile operating environment, leading to slow economic growth prospects and heightened downside risks over the 12-18 month outlook period, said a report. More… |
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Bahrain banking sector liquidity 'healthy'The outlook on Bahrain's banking system remains negative, but any systemic risks will be mitigated by the domestic retail banks' healthy liquidity and relatively strong capital positions, a Moody's Investors Service report said. More… |
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Negative rating for global shipping sectorThe conditions in the shipping industry is likely to worsen in the next one and half years mainly due to a steady oversupply of vessels, according to a report by Moody's. The rating agency in an 'Industry Outlook Update' published on Wedn More… |
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S&P downgrades Saad Group outlookStandard & Poor's has revised its outlook on Saudi-based Saad Group and related entities, to negative from stable owing to its view of increased real estate exposure resulting in reduced liquidity and geographic diversity of its port More… |
