Saudi Arabia announced Saturday it had boosted stipends and benefits for citizens to cushion the impact of economic reforms including the kingdom’s first ever taxes after an oil price slump.
Asian stock markets rose Friday after the Dow Jones industrial average finished above 25,000 for the first time. An agreement by North and South Korea to hold talks also lifted sentiment. Investors were looking ahead to a U.S. jobs reports
Hong Kong shares went into the weekend with another rise, marking a ninth straight gain following more records on Wall Street and as energy firms benefited from a rally in oil prices.
The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000.
Manufacturing in China grew at a slightly slower pace in December than the previous month, a Chinese government survey showed Sunday, following government controls on bank lending.
After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017 on Friday.
The dollar suffered fresh pressure on Friday as traders cash in the recent gains fuelled by Donald Trump’s tax cuts, while Asian equities were on course to end a strong year in tepid fashion.
Tokyo stocks fell Tuesday on late profit-taking, with investors keeping to the sidelines as major global markets remained closed for the Christmas holidays.
The Israel Securities Authority said it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally regulated.
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT Group (TYO:9432), has announced the appointment of Stephen Tsang as the new Chief Revenue Officer (CRO) of NTT Com Asia, the company’s East Asia Headquarters in Hong Kong.