Stock Market Latest News

UAE markets seen \'limit down\' on Monday open

UAE markets will face intense selling pressure when they reopen on Monday in the first postholiday trading after Dubai shocked global markets last week by seeking a debt standstill for two flagship firms.

UBS threatens to move HQ from Switzerland

Swiss bank UBS is threatening to move its headquarters out of Switzerland if the authorities impose too many new regulations in the wake of the global financial crisis, Swiss weekly paper Sonntag CH said.

Ireland must cut spending to survive: Finance Minister

Ireland needs to cut spending in the budget for next year in order to ensure the country\'s very survival, Finance Minister Brian Lenihan said on Sunday.

UAE central bank sets up liquidty facility for banks

The United Arab Emirates\' central bank set up a facility on Sunday to support liquidity in the banking system Dubai\'s government sought to delay debt payments from two of its flagship firms, sending global markets lower.

Paradoxical Japan\'s payday \'will come\'

Managing Japanese equities must sometimes feel like belonging to a millenarian cult. Continually predicting the end of the world, or a strong Japanese recovery, may get dull but you know it has to happen one day.

Iran to raise fuel imports by 27% by March

Iran, which could face gasoline sanctions over its nuclear energy programme, will raise daily imports of gasoline and diesel fuel by 27% to 31 million litres by March, semiofficial news agency Mehr said on Sunday.

Muralitharan\'s 2011 World Cup plans rely on fitness

Sri Lanka\'s Muttiah Muralitharan will not extend his international career until the 2011 World Cup unless he is completely satisfied with his fitness, the worldrecord breaking offspinner has said.

EU business calls on WTO to speed up Doha talks

European businesses, growing frustrated at slow progress in the World Trade Organisation\'s Doha round, called on Sunday for the WTO to tackle the negotiation at next week\'s conference.

Harel, Ashtrom to buy Deutsche Telekom property

Israel\'s Harel Insurance Investments and Financial Services and Ashtrom Properties agreed to acquire from Deutsche Telekom an office complex in the centre of Leipzig for 29 million euros (USD 43.29 million).

South Korea sees limited fallout from Dubai crisis

South Korean regulators see little chance of a fullscale global problem stemming from Dubai\'s debt crisis and expect a limited impact on local financial markets, the country\'s Financial Services Commission (FSC) said on Sunday.

EU calls for gradual, orderly rise in yuan

A gradual, orderly appreciation of the yuan is in the interests of both China and the world economy, senior European Union officials said on Sunday.

Big developing countries form climate change front

A clutch of major emerging economies including China and India have forged a united front to put pressure on developed countries at next month\'s climate change negotiations in Copenhagen.

Nokia Siemens CEO says focus on mkt share

Ailing telecom equipment maker Nokia Siemens Networks has changed its business focus to increasing its market share, the new chief executive of the venture was quoted as saying on Sunday.

Report: Dubai World refused distressasset sale

Dubai World has refused to offload assets at firesale prices to repay obligations, forcing it to seek a debt standstill, a newspaper report on Sunday quoted an unnamed source at the governmentcontrolled firm as saying.

Euro zone sees no default spillover from Dubai woes

The euro zone does not risk the sort of debt problems plaguing Dubai, senior European Union officials said on Sunday.