Canada Job Growth Beats Forecasts; Currency Surges
Canada created more jobs than expected in February and the jobless rate fell to a 10-month low, cementing Prime Minister Stephen Harper’s view that the economic recovery is under way.
The Canadian dollar surged after the report, strengthening
Tags: Beats, Canada, currency, Forecasts, Growth, job, surges
Market in consolidation mode
The market was in a consolidation mode this week on lack of buying by foreign funds in select counters.
Foreign institutional investors (FIIs) injected Rs 4,346.01 crore during the week, as per the provisional data issued by NSE.
Tags: Consolidation, in, Market, mode
Indian 10-Year Bonds Drop on Concern Interest Rates May Rise
India’s bonds fell, pushing the 10- year yield toward a 17-month high, after factory output rose 16.7 percent in January, which may fuel inflation and force the central bank to raise interest rates.
The benchmark bond yield has climbed 14 ba
Tags: 10-Year, Bonds, Concern, drop, Indian, interest, May, on, Rates, rise
Kazakhstan: A Promising Market for Islamic Banking
Islam was introduced to Kazakhstan after Qutayba Ibn Muslim al Bahili became governor of the Khorasan province in 704. Al Bahili extended the Islamic conquests to territories beyond Mesopotamia. Kazakhstan is one of the Islamic republics of Eurasia, whic
Tags: a, Banking, for, Islamic, Kazakhstan, Market, Promising
Unissa to hold yearly Islamic finance conference
THE International Conference on Islamic Finance is set to become an annual event due to its success, said Dr Mohamed Sharif Bashir, dean of Faculty Business and Management Science at the Sultan Sharif Ali Islamic University (Unissa) and chairman of the co
Tags: Conference, Finance, hold, Islamic, to, Unissa, yearly
Deutsche in talks for Asia sukuk deals
Deutsche Bank (DBKGn.DE: Quote, Profile, Research) is in talks to arrange sukuk issues in Malaysia, Brunei, Indonesia and Pakistan as improving credit conditions bring issuers back to the market, a senior official said on Friday.
Global sukuk
HSBC Amanah To Have Network Of Six Branches By Year-End
HSBC Amanah Malaysia Bhd, in a move to expand its presence, will have a network of six branches by year-end, its Chief Executive Officer, Musa Abdul Malek, said on Tuesday.
It will open its sixth branch in Cheras, end of March, at a cost of bet
Tags: Amanah, branches, by, Have, HSBC, network, of, Six, to, year-end
More Sharia hedge funds on the way
More Sharia hedge funds are likely to be launched, specialising in healthcare, telecoms and technology stocks, a US financial firm says, as the industry debates how far Islam sanctions such investments.
US-based Shariah Capital, which has a lon
Mixed Open Expected For Japan Shares
A mixed open is expected Thursday for Japan stocks, after a luke warm lead overnight from Wall Street.
Tokyo shares moved slightly lower on Wednesday.
The benchmark Nikkei 225 average was down 3.73 points or 0.04 percent at 10,563.92
GLOBAL MARKETS-Bank shares rally, oil hits eight-week high
Financial firms led U.S. and European stock markets higher on Wednesday, with U.S. bank shares hitting a 16-month peak, while gyrating crude oil prices ended the day at an eight-week high.
Bank shares rallied on Wall Street amid bets an improvi
Tags: eight-week, Global, High, Hits, MARKETS-Bank, oil, rally, shares
Financial Reports
- Fitch Affirms Strong Rating to NBAD
- Emaar Unit Opens New Facility in TechnoPark
- Ithmaar plans $400m capital hike for expansion
- Al-Rajhi Bank market capitalization makes it Saudi’s largest
- Vodafone Qatar to mark Grand Prix with special call rates to Bahrain
- Capital Intelligence affirms Investcorp ratings
- Alwaleed again tops Arab rich list
- Investment Dar seeks legal protection
- Barwa Village is ready to take in first lot of tenants
- Qatar Telecom Faces Possible Moody’s Downgrade