Analyst news

• Wall Street faces profit recession as earnings season begins

  10-01-2016 20:06
  By Caroline ValetkevitchNEW YORK (Reuters) – Wall Street’s fourth-quarter earnings season that gets under way next week could confirm something many investors may not want to hear: the U.S. economy may be doing well but corporate profits are in a recession. An earnings recession – two quarters of declining profits – would be led by the usual suspects, energy and materials companies. But its severity may depend on consumer discretionary companies, which have been warning a
  
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• EXCLUSIVE-Saudi Aramco would sell downstream ops, not upstream -sources

  10-01-2016 16:13 via news.yahoo.com
  
  * Some managers told shares in downstream JVs may be sold * Upstream sale not being actively considered - sources * Foreign joint venture partners not yet informed * Reorganising Aramco could delay a sale many months * Stock market in poor shape to absorb big share sale By Reem Shamseddine, Celine Aswad and Rania El Gamal KHOBAR, Saudi Arabia/DUBAI, Jan 10 (Reuters) - Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude o
  
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• MIDEAST STOCKS-Small-caps pull down Saudi, Egypt slides

  10-01-2016 14:31 via news.yahoo.com
  
  * Saudi petchems hold up well after slide on budget * But margin calls hit speculative shares hard * Almarai tumbles after forecasting higher costs * Egypt sinks as it reopens after holiday * Qatar underperforms UAE bourses By Andrew Torchia DUBAI, Jan 10 (Reuters) - A sell-off of small-cap speculative stocks pulled Saudi Arabia's stock market down on Sunday, while Egypt dropped in response to weak global equities and concern about risks to the Chinese economy. Most Gulf markets were subdued. Th
  
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• MIDEAST STOCKS-Petrochemicals regain some strength in Saudi; Egypt tumbles

  10-01-2016 09:26
  DUBAI, Jan 10 (Reuters) – A return of some strength tobeaten-down petrochemical stocks helped support Saudi Arabia’sstock market early on Sunday, while Egypt fell sharply becauseof a shaky outlook for the Chinese economy and global markets. The Saudi index, which had plunged 4.5 percent onThursday, was down only 0.2 percent in the opening minutes oftrade. Top petrochemical producer Saudi Basic Industries was flat while Saudi Kayan rose 0.8 percent. However, underlining expectations
  
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