Stock Market News Page 8

As reported by Arab News, King Abdullah of Saudi Arabia has called for tough new measures against any potential manipulation of the stock market. The move was much welcomed by Saudi-based shares analysts yesterday. A spokesperson at the Capital Market Authority (CMA) has refused to comment on allegations that its Chairman Abdulrahman...

As reported by the BBC, world stock markets have dropped on fears over the health of the US and EU economies. In Europe, shares dropped after a unsatisfactory Spanish bond sale. French and German shares fell nearly 3%. The European Central Bank says it will not roll back austerity measures to tackle the EU debt crisis, which is adding to...

As reported by the Guardian, fast food giant Burger King, which is overhauling its stores and menus, has announced its intentions to be relisted on the NY stock exchange before July. The New York-based investment company 3G Capital stated it was selling a 29 percent stake in the globe’s second biggest burger chain for $1.4 billion (£880...

As reported by the San Francisco Chronicle, European debt worsened again as a worry over Wall Street drove stocks to their biggest loss in a month. The Dow Jones industrial lost 125 points, while the price of gold plummeted to its lowest since January. This is the second time in 2012 the Dow has seen a triple-digit decline, with the average...

As reported by The Advertiser, the stock market has just seen its best first quarter performance in 14 years. The optimistic figures have sent Wall Street analysts, many of whose predictions seemed too sunny about three months ago, hurrying to raise their approximations for the year. Robert Doll, who is chief equity investment manager with...

As reported by the BBC, US stocks ended higher after Ben Bernanke, US Federal Reserve chairman, hinted that the central bank would maintain its supportive monetary policy. Bernanke told economists in Virginia that the job market was still weak despite strong hiring for three months. The Fed must "remain cautious", said the bank...

As reported by the BBC, Fedex shares dropped 4% after the firm said its financial recovery is not as positive as it had initially hoped. The delivery company giant said that rising fuel costs were prompting customers to send goods via land rather airfreight. However, the company showed a strong performance during the third quarter,...

As reported by the BBC, Randgold Resources shares have dropped nearly 13 percent following Mali’s military coup. The firm has three gold mines in the country, which account for the majority of its gold production. The firm says operations at Gounkoto and Loulo, as well as its Morila joint venture, are running normally. Renegade soldiers...

As reported by the BBC, German retail giant Metro has announced a sharp drop in profits, as European consumers cut back on spending in the thick of the economic crisis. Net profits dropped 26% to 631 million euros ($833 million; £525 million) in 2011. No improvement is expected this year, said Metro. The firm had previously hoped to...

As reported by the BBC, Apple has announced its plans to start paying shareholders a dividend to buy back many of its shares. The tech giant stated that it would offer a quarterly dividend to investors of $2.65 per share. The firm will purchase up to $10 billion (£6.3 billion) of its own shares during the next financial year, starting on...