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Economy

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

S&P, Nasdaq end at records following Powell speech

Patrick J. O'Hare at Briefing.com said traders were particularly encouraged by Powell's statement that even if the bank tapers bond purchases, that doesn't mean it will soon raise interest rates.
By TRENDS Desk AFP
August 28, 2021 10:35 pm
  • At the closing bell, the broad-based S&P 500 had advanced 0.9 percent to 4,509.37 -- its first close over the 4,500 mark
  • The tech-rich Nasdaq Composite Index jumped 1.2 percent to 15,129.5

Wall Street ended the week with new records after Fed Chair Jerome Powell signaled the central bank could slow its stimulus by the end of the year but is in no rush to raise interest rates.

At the closing bell, the broad-based S&P 500 had advanced 0.9 percent to 4,509.37 — its first close over the 4,500 mark — and the tech-rich Nasdaq Composite Index jumped 1.2 percent to 15,129.5. Both had retreated on Thursday after multiple records.

The benchmark Dow Jones Industrial Average was up 0.7 percent to end at 35,455.8.

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