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Market

RIL raises $1 billion via bond issue
According to market analysts, raising the $1 billion through a 10-year bond is significant, as the company did not pay any new-issue premium.
Europe, Asia up over China economy data
Gold hits 4-1/2 month high on ECB worries
New S&P criteria separates sukuk issuers, sponsors
S&Pís new criteria describe the conditions under which it would rate sukuk at the same level as the sponsorís rating.
MEA smartphone market booms; 4G LTE shipments to GCC increase 400%
Competition and falling prices are playing their part in boosting the uptake of 4G LTE in the GCC.
Chinese equities sink 8% on margin trading curbs
Other markets in Asia and Europe mostly move higher.
Gulf stocks soft as oil price slips
Dubaiís index slipped 0.2 per cent as property and construction stocks fell while banks and other sectors did well. Dubai Islamic Bankís (DIB) 2.2 per cent gain was the main support.
DGCX gold volumes rise 14% in December
In December 2014, DGCX volumes witnessed a growth of 25 per cent from the same period last year, recording total monthly volume of 962,438 contracts valued at $27.84 billion.
US stocks correction confuses investors
Itís been more than three years since the S&P 500 has dropped 10 per cent or more.
No floor price in sight for oil
Crude falls on reports of rise in Opecís output in Dec; gold rallies amid volatility
Swiss francís massive surge claims brokerage firm scalps
The scale and speed of the move in what is one of the worldís most-traded currencies caught many financial firms unprepared.
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