U.S. stocks close sharply lower

NEW YORK, Rabi’I 27, 1437, January 07, 2016, SPA — U.S. stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices.
The Dow Jones industrial average lost 252.15 points, or 1.5 percent, to 16,906.51. The Standard & Poor’s 500 index sank 26.45 points, or 1.3 percent, to 1,990.26. The Nasdaq composite index retreated 55.67 points, or 1.1 percent, to 4,835.76.
–SPA
02:42 LOCAL TIME 23:42 GMT
تغريد

U.S. Trade Deficit Narrows

Washington, Rabi’I 26, 1437, Jan 6, 2016, SPA — The U.S. trade deficit narrowed in November as imports of goods fell to their lowest level in almost five years, outpacing a drop in exports to a four-year low, the government reported Wednesday.
The Commerce Department said the November trade deficit fell 5 percent to $42.4 billion. October’s deficit was revised higher to $44.6 billion from the previously reported $43.9 billion.
The smaller November deficit should help fourth-quarter growth, but economists are forecasting higher deficits in the future and that trade will subtract from growth in 2016.
Imports fell 1.7 percent to $224.6 billion in November. Imports of goods fell 2 percent to $183.5 billion, the lowest level since early 2011. Imports of industrial supplies and materials were the weakest since mid-2009. There also were declines in imports of capital and consumer goods, but auto imports rose.
Lower oil prices and increased domestic energy production also helped to lower import costs. The price of petroleum averaged $39.24 a barrel in November, the lowest level since early 2009 and down from $40.12 in October and $82.92 in November 2014.
Exports declined 1.6 percent to $182.2 billion, the smallest monthly total since early 2012. Exports of goods fell 1.1 percent to $122.2 billion, the lowest since mid-2011. Exports of industrial supplies and materials hit their lowest level in five years, while petroleum exports were the weakest since late 2010.
The U.S. dollar gained nearly 10 percent against other major currencies last year, eroding the appeal of U.S.-made goods overseas. Weak global demand also has limited exports.
–SPA
19:32 LOCAL TIME 16:32 GMT
تغريد

مجموعة هونغوا المحدودة تستعمل قدراتها البارعة في الأبحاث والتطوير والتصنيع للتوصل إلى اتفاق بيع لحفارات الحفر البالغ العمق مع شركة الحفر الكويتية بقيمة 194 مليون دولار هونغ كونغي

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Hisense Emerges as Formidable Technology Innovator at CES 2016

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Gemalto Cat 1 LTE connectivity solution wins Most Innovative Application Award

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حل الاتصال Cat 1 LTE من شركة Gemalto يفوز بجائزة التطبيق الأكثر ابتكاراً

أمستردام، 6 يناير 2016 – فازت Gemalto، الشركة الرائدة على مستوى العالم في مجال الأمن الرقمي، بجائزة تطبيق وخدمات LTE الأكثر ابتكاراً عن وحدتها اللاسلكية Cinterion® Cat 1 LTE. إن برنامج الجوائز الرائع، الذي تستضيفه Informa وLTE North America، يكرم الابتكارات الأكثر بروزاً في القطاع بما يعمل على تحسين مستقبل شبكات الهواتف الجوالة عبر أنحاء […]