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

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

NYSE glitch leads to busted trades, prompts investigation

NEW YORK, Jan 24 (Reuters) – A glitch at the New York Stock Exchange prevented the opening auctions for a slew of stocks on Tuesday, prompting widespread trading halts, confusion over whether orders were being filled at correct prices, and trades in more than 250 securities being busted. The NYSE, which is owned by Intercontinental … Read more

Archaeologist hails possibly ‘oldest’ mummy yet found in Egypt

CAIRO, Jan 26 (Reuters) – Egyptologists have uncovered a Pharaonic tomb near the capital Cairo containing what may be the oldest and “most complete” mummy yet to be discovered in the country, the excavation team leader said on Thursday. The 4,300-year-old mummy was found at the bottom of a 15-metre shaft in a recently uncovered … Read more

Taylor Swift concert fiasco leads to US Senate grilling for Ticketmaster

WASHINGTON, Jan 24 (Reuters) – US senators slammed Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets on Tuesday, in a hearing called after a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour. Live Nation Entertainment Inc (LYV.N) subsidiary Ticketmaster, which has been unpopular with fans for … Read more

India New Issue Kotak Mahindra Investments to issue multiple-tenor bonds – traders

MUMBAI, Jan 24 (Reuters) – India’s Kotak Mahindra Investments plans to raise at least 750 million rupees ($9.19 million) through two bonds, one maturing in April 2026 and the other in May 2026, three merchant bankers said on Tuesday. The company has invited bids from merchant bankers and investors for the issuances on Wednesday. The … Read more

Here’s what Twitter lost in advertising revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Musk took charge … Read more

Ticket for $1.35 billion Mega Millions jackpot sold in rural Maine town

WASHINGTON, Jan 14 (Reuters) – A single winning ticket for a Mega Millions lottery jackpot of at least $1.35 billion, the second largest jackpot in US history, was sold in Maine, lottery organizers said on Saturday. “Congratulations to the Maine State Lottery, which has just won its first-ever Mega Millions jackpot,” Ohio Lottery director Pat … Read more

China’s on the move again, economic outlook brightens

BEIJING, Jan 13 (Reuters) – Residents of China are increasingly on the move after the country’s sudden reversal last month of heavy COVID-19 curbs, despite a surge in infections, pointing to a gradual recovery in consumption and economic activity this year. Mobility and spending data — from subway passenger traffic in three of China’s biggest … Read more

Sandwich chain Subway eyes sale

Jan 11 (Reuters) – Sandwich chain Subway is exploring a sale of its business, a source told Reuters on Wednesday. The sale could value the sandwich chain at more than $10 billion, the Wall Street Journal first reported. The process, which is at an early stage, is expected to attract potential corporate buyers and private-equity … Read more