Analyst news

• Chinese official calls Trump 'irrational' on trade

  17-04-2016 20:02 via news.yahoo.com
  
  Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him "an irrational type" due to the candidate's proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, "Trump is an irrational type. Lou said that if the United States put Trump's proposal into effect, it "would not be entitled to its position as the world’s major power.
  
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• Top Chinese finance official says Trump is 'irrational'

  17-04-2016 19:17 via news.yahoo.com
  
  Chinese Finance Minister Lou Jiwei called Donald Trump an "irrational type" in an interview published Sunday, slamming the Republican presidential frontrunner's calls for a trade war with the Asian giant. Lou told The Wall Street Journal that the United States "wouldn't be entitled to world leadership" if Trump's proposal to impose tariffs as high as 45 percent on Chinese imports was realized. China is a frequent target of the brash New York real estate developer in his campaign for the White Ho
  
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• Algeria launches local bond issue to offset energy earnings drop

  17-04-2016 17:12 via news.yahoo.com
  By Hamid Ould Ahmed ALGIERS (Reuters) - Algeria's first local bond issue in years was opened on Sunday with the government hoping to secure new financing sources after a sharp drop in world oil prices has cut energy earnings that make up 60 percent of its budget. Algeria's government has already started to cut back some state-subsidised energy services, reduced its 2015 and 2016 public spending and frozen some infrastructure projects. The bond issue, with a maturity of 3 to 5 years, will carry a
  
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• MIDEAST STOCKS-Saudi pulls back as Doha deal in doubt; Egypt gains

  17-04-2016 16:29 via news.yahoo.com
  * Saudi stock market pulls back from three-month high * But most valuable Saudi bank beats earnings forecasts * Dubai down as investors sell mid- to large-caps * Abu Dhabi's Dana Gas jumps * Egypt gains as local investors return to market By Celine Aswad DUBAI, April 17 (Reuters) - Uncertainty at talks among oil producers in Doha dampened Gulf stock markets on Sunday, with Saudi Arabia pulling back after a 4 percent jump last week. Egypt edged up as local investors returned to buy shares. ...
  
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• Saudi stock market to hire investment bank for flotation

  17-04-2016 13:58 via news.yahoo.com
  The Saudi Stock Exchange is in the process of hiring an investment bank to advise on its flotation, the bourse, known as Tadawul, said on Sunday. Saudi Arabia is expected to privatise and float a number of state-owned assets in the next few years, part of efforts to raise cash to help bridge a budget shortfall caused by lower oil prices. Among them is Tadawul, which said in December it planned to list its shares in 2018.
  
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• BUZZ-Saudi's Al Rajhi Bank rises after earnings beat

  17-04-2016 09:34 via news.yahoo.com
  ** Shares in Saudi Arabia's Al Rajhi Bank rise 1.3 percent to 57.50 riyals ** It posted first-quarter net profit of 2.02 billion riyals ($538.7 million), a 32.8 percent jump, as it cut wage costs and fee income increased ** Six analysts surveyed by Reuters had on average forecast quarterly profit of 1.84 billion riyals ** Al Rajhi is ninth Saudi bank to report first-quarter earnings; all have topped or met analysts' expectations ** Bank sub-index rises 0.3 percent ** Saudi Arabia's stock index s
  
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