Gulf markets mixed in early trade; U.S inflation data in focus
Stock markets in the Gulf put a mixed performance in early trading on Monday, as investors awaited a key U.S. inflation reading and comments from the Federal Reserve officials this week. Dubai’s benchmark stock index (.DFMGI), retreated from the previous session’s gains and slipped 0.5%, with most sectors in the red. The blue-chip developer Emaar Properties (EMAR.DU), […]
StanChart loses bid to cut US sanctions breach claims from UK lawsuit
Standard Chartered on Monday lost a bid to cut from a London lawsuit allegations that it broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. More than 200 investors are suing Standard Chartered (STAN.L), opens new tab at London’s High Court for allegedly untrue statements about its sanctions non-compliance between 2007 […]