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US Debt Ceiling Hopes Boost Global Stocks to Monthly Highs

LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling deal that could avoid a potentially calamitous default, according to Reuters. Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight. MSCI’s broadest index of global shares was up 0.2 percent, hitting its strongest level since mid-April and on course for its biggest weekly gain since late March.
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TASI rises 71.58 points with Food & Beverage sector leading

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 71.58 points, or 0.64 percent, to close at 11,277.60 on Wednesday as 136 of the 224 stocks finished in the green, while 75 ended in the red. The top performing sector of the Saudi Stock Exchange was Food & Beverages, which soared 2.35 percent, while the Insurance and Banks sectors followed by 1.70 and 1.50 percent, respectively. While the parallel market Nomu rose 0.88 percent to close at 20,864.69, the MSCI Tadawul Index edged up 0.85 percent to close at 1,517.45.
Business

TASI drops despite healthcare sector rally at closing bell

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped 24.18 points, or 0.22 percent, to close at 11,206.02 on Tuesday as 111 of the 224 stocks rose, while 95 declined.  Stocks listed on the Pharma, Biotech, & Life Science index soared the most, with a 9.28 percent climb, while the stocks of the Energy and the Telecommunication sectors fell 1.96 and 1 percent, respectively.  While the parallel market Nomu rose 0.57 percent to close at 20,682.62, the MSCI Tadawul Index dropped by 0.18 percent to close at 1,504.59. 
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“Kashmir to Open World’s Tallest Railway Bridge Soon”

The bridge over the Chenab River, taller than the Eiffel Tower, will provide all-weather connectivity with the valley.
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Russia Expels German Diplomats in Reciprocal Move

A foreign ministry official says 'more than 20' German diplomats will have to leave Russia, according to state media.
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Senate Committee Questions Regulators on US Bank Crisis

Tuesday marked the US Senate's first public hearing into the collapse of Silicon Valley Bank in early March.
Business

First Residents BancShares Soars Pre-Market on Silicon Valley Deal

Stocks of First residents BancShares Inc. surged 20% in premarket buying and selling Monday after the bank protecting…
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Yemeni Riyal Plummets to 1,500 Against Dollar | TOME

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AL-MUKALLA: The Yemeni riyal fell to a new low of 1,540 against the dollar in Yemeni government-controlled territories on Saturday, bringing it closer to its all-time low of 1,700 per dollar. Money traders and media reports said that the Yemeni riyal breached a record low of 1,500 against the dollar for the first time in years, compared to a prior low of 1,400 in July. 

Global Protesters Demand Immediate Gaza Ceasefire | TOME

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'In our thousands, in our millions, we are all Palestinian', thousands demonstrate in Washington, London, Berlin, Dakar.

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Letter to President Biden from a Grieving Palestinian | TOME

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Mr Biden, I have lost 36 members of my extended family in Gaza in just one day. I want you to know their names.

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'In our thousands, in our millions, we are all Palestinian', thousands demonstrate in Washington, London, Berlin, Dakar.

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China Probes Foxconn’s Taxes and Land Use, Shares Slide | TOME

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Apple supplier's shares dropped as much as 3 percent after report by China's state-owned Global Times.

Big Businesses Stay Silent on Israel-Hamas Conflict Amid Ukraine Outcry

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Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.

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