• US stocks open mixed ahead post fresh economic data

    New York, US- Wall Street stocks saw a mixed start to Thursday, as traders digested the latest economic data ahead of the Good Friday holiday. The Dow Jones Industrial Average advanced 0.2 percent to 39,829.51. The broad-based S&P 500 Index was flat at 5,247.74, while the tech-heavy Nasdaq Composite Index retreated...
  • Nasdaq edges to record

    The Dow Jones Industrial Average dropped 0.8 percent.
  • Borse Dubai to sell Nasdaq shares

    The sale is poised to generate $1.59 billion.
  • Asian stocks rise on US gains ahead of key China policy meeting

    Hong Kong, China - Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's annual growth target and other key policies will be announced. Japan's benchmark Nikkei 225 index surpassed the 40,000 mark for the first time, with analysts predicting it could advance even...
  • Dow, S&P 500 hit fresh records, but Nasdaq ticks lower

    The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia. Amid individual firms, car sales company Carvana's share price surged more than 32 percent after it reported its first ever annual profit.
  • Most markets advance after tech titans fuel Wall Street surge

    Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report results after the market closed
  • US stocks rebound from sell-off on Fed disappointment

    New York, United States - Wall Street stocks rose early Thursday, rebounding from the prior session's pullback as markets awaited more big tech earnings later in the day. Major indices had tumbled on Wednesday after Federal Reserve Chair Jerome Powell dampened expectations for an imminent cut in interest rates. Adam Sarhan...
  • Tokyo’s Nikkei climbs to its highest level since Mar 1990

    Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei index to a 33-year high. The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18, while the broader Topix index added 0.82 percent, or 19.55...
  • Asia stocks track global losses as traders step back after rally

    Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data. Equities surged in...
  • Nasdaq faces $4m penalty for alleged Iran sanctions violations

    New York, United States - Nasdaq Inc., headquartered in New York, has agreed to pay a $4 million settlement to the US Department of Treasury for apparent violations of sanctions against Iran by a former Nasdaq unit, according to the Office of Foreign Assets Control (OFAC). The violations stemmed from...
  • US markets up after Nvidia reports $9.2 billion in third-quarter profit

    New York, United States - Wall Street stocks resumed their upward climb early Wednesday following strong results from artificial intelligence player Nvidia as US Treasury yields retreated. Nvidia said it made a profit of $9.2 billion on revenue of a whopping $18.1 billion in the third quarter, compared with $5.9 billion...
  • Markets fall as Biden set for Middle East diplomacy drive

    US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region. Investors also weighed another raft of company earnings and rising interest rates.
  • Tokyo shares tumble on concern war in Palestine may escalate

    Chip-testing equipment maker Advantest sank 4.79 percent to 4,351 yen and chip-making equipment manufacturer Tokyo Electron gave up 3.84 percent to 20,395 yen. High-tech investor SoftBank Group fell 2.04 percent at 6,375 yen, Sony Group dropped 1.87 percent to 12,610 yen and Panasonic dived 3.18 percent to 1,565.5 yen.
  • Technical glitch stifles production at Volkswagen

    According to financial daily Handelsblatt, production came to a complete standstill in Wolfsburg and at the company's plants in Emden, Osnabrueck and Zwickau. Offices at the Wolfsburg headquarters were also affected, Handelsblatt said.
  • Instacart to raise US$600m in IPO

    The US grocery delivery start up set IPO price at $30 per share.
  • Wall Street stocks up amid signs of broadening in equity market

    New York, United States - Wall Street stocks mostly rose early Tuesday amid signs of greater broadening in the equity market beyond technology. Briefing.com analyst Patrick O'Hare pointed to greater momentum for industrials and other "cyclical" sectors tied to economic growth "suggesting that there was a rotation of money within the...
  • Dow slides, Nasdaq jumps after mixed Fed rate decision

    The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 percent and 5.25 percent. But forecasts from policymakers indicated strong support for two more hikes in 2023. Major indices tumbled just after the policy statement was released but recovered somewhat later during Fed Chair Jerome...
  • Nasdaq slides as investors trade tech for industrial shares

    The countervailing movements, according to analysts, were evidence of a rotation away from the tech-dominated winners from the earliest part of 2023, and towards manufacturing companies like Caterpillar and Honeywell. "Money is flowing from one sector to another sector," said Adam Sarhan of 50 Park Investments. This dynamic "keeps the...
  • Strong first-quarter Meta earnings push Wall Street stocks up

    Meta reported a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
  • Stock markets slip on auto woes, economy fears

    Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed at cooling high inflation. Share prices of carmakers were hit hard after Tesla posted tumbling first-quarter profits as steep price cuts ate into margins at Elon Musk's electric auto company.
  • Global equities wobble as US data raises recession fear

    London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets are drifting as investor thoughts start to turn towards the scale of severity, as the likelihood of a recession later in the year in the US increases," said Richard Hunter,...
  • Markets take a hit as US jobs fan rate worries

    optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in the United States last month, nearly double the December figure and far more than the 188,000 expected. Government figures also showed unemployment fell to the lowest level since 1969. The...
  • Dubai Islamic Bank lists sukuk

    The bank listed the sustainable sukuk on Nasdaq Dubai.
  • Nasdaq Dubai lists physically backed Bitcoin ETP

    21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc.
  • Wall Street stocks shine amid hopes of US policy pivot

    US equities posted gains for a second straight session amid hopes of a US monetary policy pivot, after a bruising September ended another losing quarter for Wall Street. Twitter surged on the revived chance of Elon Musk's takeover as the tech-rich Nasdaq Composite Index climbed 2.8 percent.
  • Markets drop as Fed and European central banks hike rates

    European markets were down in afternoon trades, with London's FTSE 100 shedding 0.5 percent after the Bank of England raised its rate again to combat inflation and signaled that the UK entered recession in the current quarter.
  • Recession fears drag down European, Asian stocks

    Asian and European stock markets nursed losses Wednesday on resurgent fears that sharp interest rate hikes aimed at tackling runaway inflation could spark recession.
  • US stocks down again as S&P 500 breaches bear market

    Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this week amid runaway inflation. The market's latest losses, which come on the heels of three straight down sessions, put the S&P 500 into a bear market, defined as a 20...
  • Wall Street stocks down as World Bank lowers global growth outlook

    Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower profits in the current quarter. The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of...
  • Asian stocks climb up, but inflation sours mood

    Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a recession due to surging inflation and Covid-driven supply chain woes still have investors worried. World markets have been volatile for much of 2022, fueled by uncertainty over supply chain snarls
  • SoftBank posts record loss as tech shares nosedive

    Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.
  • Global stocks slide on Fed tightening and China prices

    Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China.
  • DP World Q4 volume up 2.6%

    The gross container volumes rose by 9.4% year-on-year.
  • SHUAA helps Anghami to list on NASDAQ

    Last year, the firm helped Anghami in arranging $30 million investment.
  • Kuwait’s Warba Bank celebrates listing of $250m Sukuk on Nasdaq Dubai

    Kuwait's leading Islamic bank, Warba Bank, celebrated the listing of the bank's $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai with the ringing of the market-opening bell by its CEO Shaheen Al-Ghanem. Emirati media reports said this is the third Sukuk listing by Warba Bank on Nasdaq Dubai, following the...
  • Most Asian markets drop on renewed Covid, inflation concerns

    In early trade, Tokyo, Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta were all down, though there were gains in Seoul and Singapore.
  • GlobalFoundries makes its market debut on Nasdaq

    The IPO comes at a time when demand for semiconductors and microchips is red hot due to the ongoing global shortage that has negatively impacted sectors ranging from automotive manufacturing to consumer electronics, forcing many companies to scale back production and cut targets.
  • IsDB lists sukuk on Nasdaq Dubai

    The $1.7bn listing strengthens its position as the largest Sukuk issuer on the bourse.
  • Galaxy Racer eyes Pakistan market

    The UAE-based Esports company has over 400 million subscribers.
  • MENA firms: The public-private games go on

    Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from the DFM and Nasdaq Dubai since the start of 2020.
  • US stocks continue to advance

    The S&P 500 and Nasdaq advanced after posting records at the close of trading Friday
  • S&P, Nasdaq end at records following Powell speech

    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
  • Nasdaq, S&P 500 again end US trading at records

    The broad-based S&P 500 closed 0.2 per cent higher at 4,496.19, its second consecutive record
  • Dubai-based Swvl to go public through $1.5bn SPAC deal

    The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led by women, that would result in Swvl being listed on Nasdaq.
  • Emirates NBD, Dubai’s largest lender, lists $750m bond on Nasdaq

      The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times oversubscribed and attracted demand from the region as well as Asia, Europe and the UK Emirates NBD, Dubai’s largest lender, has listed its $750 million bond - Additional Tier 1...