Analyst news

• China seen posting weakest growth since 2009 in third quarter, may spur more stimulus

  18-10-2015 23:05 via news.yahoo.com
  
  By Kevin Yao BEIJING (Reuters) - China is expected to post its weakest quarterly economic growth since the global financial crisis on Monday, raising pressure on policymakers to roll out more interest rate cuts and other support measures to avert a sharper slowdown. Chinese leaders have been trying to reassure jittery global markets for months that Beijing is able to manage the world's second-largest economy after a shock devaluation of the yuan and a summer stock market plunge fanned fears of a
  
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• MIDEAST STOCKS-SABIC boosts Saudi after Q3 beat; FX fears hit Egypt

  18-10-2015 16:24 via news.yahoo.com
  
  * SABIC profit falls 9.4 pct but cost-cutting limits drop * Sahara Petrochemical shares jump on Q3 earnings * Other Gulf markets much more subdued * Egypt c.bank action may signal period of currency weakness By Andrew Torchia DUBAI, Oct 18 (Reuters) - Better-than-expected earnings at top petrochemical producer Saudi Basic Industries boosted the Saudi stock market on Sunday, while most Gulf bourses moved little and Egypt fell on fears of currency depreciation. SABIC reported a 9.4 percent drop in
  
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• MIDEAST STOCKS-SABIC Q3 beat lifts Saudi; FX fears pull down Egypt

  18-10-2015 10:59 via news.yahoo.com
  
  DUBAI, Oct 18 (Reuters) - Saudi Arabia's stock market rose early on Sunday after top petrochemical producer Saudi Basic Industries Corp beat earnings estimates, while Egypt continued dropping on fears of more currency depreciation. SABIC reported a 9.4 percent drop in third-quarter net profit to 5.6 billion riyals ($1.49 billion) due to slumping product sales prices, but it beats analysts' average forecast of 4.36 billion riyals because of cost-cutting. That was enough to boost the stock by 2.9
  
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• Saudi's SABIC Q3 profit falls 9.4 pct, extends earnings slump

  18-10-2015 07:14 via news.yahoo.com
  
  Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 9.4 percent drop in third-quarter net profit on Sunday, extending a profit slump as product sales prices declined. SABIC made a net profit of 5.6 billion riyals ($1.49 billion) in the three months to Sept. 30, down from 6.18 billion riyals in the year-earlier period, the company said in a bourse statement. Although SABIC, which is 70 percent state-owned, attributed the profit fall to lower sales pri
  
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