NEW YORK (Associated Press) - Shares of biotechnology companies mostly rose Wednesday as the Federal Reserve cut its key interest rate by a half-point to 1 percent in the face of a financial market crisis that has spilled over to weaken the global economy.
Shares were trading higher earlier in the day, as investors anticipated [...]
KUWAIT CITY (AFP) — Arab shares tumbled for the fourth day running on Wednesday but the Saudi bourse, the region's largest, rebounded after an international rate cut while the Egyptian market made up some ground.
Concerns mounted about the impact of the global financial crisis on the oil-rich Gulf, where the region's seven stock markets [...]