Gulf markets mixed as Qatar falls, Dubai gains

Feb 2 (Reuters) – Qatar’s stock market was the worst performer among mixed Gulf bourses on Thursday amid volatile energy markets, while Dubai shares ended higher on a strong banking sector performance. The Qatari stock index (.QSI) dropped 0.9%, falling for a fourth consecutive session, with most of its constituent stocks in negative territory. Index … Read more

Missing radioactive capsule found in Western Australia

SYDNEY, Feb 1 (Reuters) – Australian authorities on Wednesday found a radioactive capsule that was lost in the vast Outback after nearly a week-long search along a 1,400 km (870-mile) stretch of highway, an emergency services official said. The military was verifying the capsule and it would be taken to a secure facility in the … Read more

‘Hands off Africa,’ Pope Francis tells rich world

Pope begins trip to DR Congo and South Sudan Francis to meet victims of war in Congo Trip postponed from July due to pope’s knee ailment KINSHASA, Jan 31 (Reuters) – Pope Francis denounced the “poison of greed” driving conflicts in Africa as he began a visit to the Democratic Republic of Congo on Tuesday, … Read more

Australian nuclear body joins search for missing radioactive capsule

MELBOURNE, Jan 31 (Reuters) – Australia’s nuclear safety agency said on Tuesday it had joined the hunt for a tiny radioactive capsule missing somewhere in the outback, sending a team with specialized car-mounted and portable detection equipment. Authorities have now been on a week-long search for the capsule which is believed to have fallen from … Read more

Adani’s crucial share sale 85% subscribed as institutions pump in funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale inched closer to full subscription on Tuesday as investors pumped in funds after a tumultuous week for his group in which its stocks were pummeled by a scathing short-seller report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was subscribed 85% … Read more

Most Gulf markets fall, Abu Dhabi ends higher

Jan 30(Reuters) – Most Gulf stock markets closed lower on Monday, tracking global peers, as looming interest rate hikes by major central banks including the US Federal Reserve weigh on investor sentiments, while Abu Dhabi bucked the trend. Investors expect the Fed to raise rates by 25 basis points on Wednesday, and any deviation from … Read more

Rio Tinto apologizes after contractor loses radioactive capsule in Australia

MELBOURNE, Jan 30 (Reuters) – Rio Tinto Ltd’s ( RIO.AX ) iron ore division chief Simon Trott apologized on Monday after a contractor hired by the mining giant lost a radioactive capsule in transit in Western Australia, sparking a radiation alert across parts of the state. It is unclear how long the radioactive capsule, part … Read more

Bill Ackman says Hindenburg’s Adani report ‘highly credible’

Jan 27 (Reuters) – Billionaire US investor Bill Ackman said on Thursday that he found short-seller Hindenburg Research’s report on India’s Adani Group “highly credible and extremely well researched.” Shares in seven listed group companies of Adani lost $10.73 billion in market capitalization in India on Wednesday after the US short-seller released the report, which … Read more

Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’

Jan 26 (Reuters) – Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research’s report on Adani Group “highly credible and extremely well researched.” Shares in seven listed group companies of Adani lost $10.73 billion in market capitalization in India on Wednesday after Hindenburg released the report, which accused … Read more

Europe Inc earnings offer market optimists more hope

LONDON, Jan 25 (Reuters) – Earnings from major European companies on Wednesday offered some reasons for optimism about the region’s corporate health, even as investors worry about the slowing global economy. Fourth-quarter earnings from ASML Holding NV (ASML.AS) exceeded expectations and the Dutch technology company, Europe’s largest, forecast a rise of more than 25% in … Read more