Category Archives: Market

China’s export slump eases in June as economies reopen

Beijing, The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases.   June exports from the world’s second-largest economy are expected to have contracted 1.5% from a year earlier, according to a median estimate from the survey of

Smartphone shipments in China fall 16% in June

Shanghai, Smartphone shipments in China fell 16% in June compared with a year earlier, government data released on Tuesday.   The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the coronavirus pandemic, boding poorly for Apple Inc and its local rivals like Huawei Technologies Co Ltd, according to Reuters.

Comprehensive joint campaign launched to remove abandoned cars in Industrial Area

Last Thursday morning, the Joint Committee for Removing Abandoned Vehicles in the State launched a comprehensive joint campaign to remove abandoned cars in the Industrial Area, in cooperation with the Public Cleanliness and Mechanical Equipment departments, Doha Municipality, and the security authorities. The committee was reformed in accordance with Ministerial Resolution No. 178 of 2020.

Amazon says email to employees banning TikTok was a mistake

New York, Roughly five hours after an internal email went out Friday to Amazon employees telling them to delete the popular video app TikTok from their phones, the online retailing giant appeared to backtrack, calling the ban a mistake.   “This morning’s email to some of our employees was sent in error,” Amazon emailed reporters

Asian stocks sink after Wall St losses on economy worries

Beijing,   Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries.   Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the rise of U.S. tech stocks, said an AP report.

Renters face financial cliff ahead; limited help available

Washington, Renters are nearing the end of their financial rope.   People who rent have largely been able to survive the initial months of the pandemic helped by unemployment and federal relief checks. But the extra $600 in unemployment benefits ceases at the end of July and local eviction moratoriums are expiring. There is no

Dollar falls as yuan leads charge in risk-on trades

Tokyo, The dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.   China’s yuan rose to a four-month high against the greenback, extending recent gains as investors of all stripes increase positions in Chinese stocks

Subscription in 26th Issue of the Government Islamic Leasing (Ijarah) Sukuk through Bahrain Bourse opens

Manama, Bahrain Bourse (BHB) announced that starting Thursday July 9, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Islamic Leasing (Ijarah) Sukuk (BHD 125 million) that has been issued by the CBB on behalf