(Adds comments by debt management chief, context)DUBAI, Jan 21 (Reuters) - Saudi Arabia has asked banks for proposals to refinance its $10 billion international syndicated loan and to help the sovereign raise funds through other means, the country's debt management office said on Sunday. In addition to the request for proposals (RFP) on the loan refinancing, the government has issued RFPs coverin...Read More
DUBAI, Jan 21 (Reuters) - Saudi Arabia has asked banks for proposals to refinance its $10 billion international syndicated loan and to help the sovereign raise funds through other means, the country's debt management office said on Sunday.In addition to the request for proposals (RFP) on the loan refinancing, the government has issued RFPs covering further U.S. dollar debt capital market issuance...Read More
WASHINGTON (Reuters) - Republicans and Democrats appeared to harden their positions on Sunday as both sides hunkered down for what could be a prolonged fight, with a U.S. government shutdown in its second day.Democrats demanded that U.S. President Donald Trump negotiate on immigration issues as part of any agreement to resume government funding and accused him of reneging on an earlier accord to p...Read More
Gold fast approaching pivotal September 2017 high.How gold price reacts to this level will determine the interim outlook.The bulls should eventually prevail, based on momentum factors.Gold is fast approaching an important benchmark, namely the $1,355 level. This was the closing high from Sept. 8, 2017 as can be seen in the February gold futures chart below. As I'll explain here, gold's reaction to...Read More
Jan 22 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,005.80 -8.80 NZX 50**8,289.96 17.29DJIA26,071.7253.91 NIKKEI**23,808.0644.69Nasdaq7,336.38 40.33 FTSE**7,730.79 29.83S&P 500 2,810.312.27 Hang Seng** 32,254.89132.95SPI 200 Fut 5,980.030.0STI** 3,550.36 29.05SSEC**3,489.11 14.35 KOSPI** 2,520.26 4.45-----------------------------------------------------------------...Read More
WASHINGTON, Jan 21 (Reuters) - U.S. House Speaker Paul Ryan said on Sunday that the House of Representatives would accept a bill funding the government through Feb. 8 and ending the current shutdown of federal agencies if the Senate can pass the measure.“We’ve agreed that we would accept that in the House,” Ryan said on CBS’s Face the Nation. “So we will see sometime...Read More
Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies.The story (in Spanish) by Cajabamba Peru, stated that heavy rains caused a leaching pit to overflow and flooded a nearby village."The heavy rains that have occurred that in the early hours of today, one of the waste pits of this company overflowed and...Read More
CAIRO, Jan 21 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills dipped slightly at an auction on Sunday, central bank data showed.Yields on the 91-day bills dipped to 18.362 percent from 18.394 at the last sale, while yields on the 273-day bills also eased, to 17.563 percent from 17.659 percent. (Reporting by Arwa Gaballa, Editing by William Maclean) Disclaimer: The views...Read More
* Shekel up nearly 13 pct vs dollar since start of 2017* Central bank: Will intervene to fight shekel strength* Foreign players boosting currency trade by 40 pct* Bank of Israel monitoring foreign currency conversion deals By Steven ScheerJERUSALEM, Jan 21 (Reuters) - The Bank of Israel on Sunday said currency trading driven by computer models has jumped and is helping to keep the shekel overvalu...Read More
(Adds details, background)By Kane WuHONG KONG, Jan 21 (Reuters) - Chinese sportswear retailer Pou Sheng International (Holdings) Ltd has received a proposal from Pou Chen Corp to be taken private that values it at around $11 billion ($1.4 billion), it said in a stock exchange filing on Sunday.Pou Chen Corp has offered Pou Sheng International a cancellation price of HK$2.03 per share, which repres...Read More
(Adds details from stock exchange statement)JERUSALEM, Jan 21 (Reuters) - Shareholders in the Tel Aviv Stock Exchange have agreed to sell back a total stake of 71.7 percent ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at...Read More
(Adds details, background)By Ehab FaroukCAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The flotations will be the first batch in a programme to float stakes in dozens of state-owned companies over the next t...Read More
CAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The government is launching an IPO programme that will offer shares in dozens of state-owned companies over the next three to five years in areas including oil,...Read More
DUBAI, Jan 21 (Reuters) - Gulf stock markets mostly edged down on Sunday with Saudi Arabia pulling further away from a major resistance level, although a surge by fuel distributor ADNOC Distribution buoyed Abu Dhabi.The Saudi index slipped 0.3 percent to 7,518 points in the first hour, pulling away from the July peak of 7,586 points.Dairy company Almarai dropped 1.9 percent after reporting fourth-...Read More
* Annual gathering of global elite runs from Jan. 23-26* Trump to be first U.S. president to attend in 18 years* Macron and Merkel to lead robust European pushback By Noah Barkin DAVOS, Switzerland, Jan 21 (Reuters) - European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before U.S. President Donald Trump arrives to deliver his "Americ...Read More
JERUSALEM, Jan 21 (Reuters) - Three of Israel's leading banks have agreed to sell back shares in the Tel Aviv Stock Exchange ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at 500 million shekels ($146 million). Bank Leumi ,...Read More
CAIRO, Jan 21 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 21.92623.3consumerDecemberprices(year-on-year,pct change) CoreinflatioDecember19.8625.53 25.86n (year-on-year,pct change) Foreign December37.02036.72324....Read More
DUBAI, Jan 21 (Reuters) - Gulf stock markets looks set to consolidate on Sunday with Saudi Arabia facing major technical resistance.The Saudi index last closed at 7,539 points, near the July peak of 7,586 points - a natural place for the rally of the past two months to pause.Dairy company Almarai reported fourth-quarter net profit of 513 million riyals ($136.8 million), down from 536 million riyal...Read More