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The company from the United Arab Emirates, Emirates Global Aluminum, decided to postpone the IPO, resulting from unfavorable market conditions. However, the company postponed the initial public offering due to the import duties imposed on the US aluminum, Bloomberg writes according to informed sources. Since June 1, the US has introduced 25% import duties on steel and 10% on aluminum. Emirates Global Aluminum accounts for 4% of the world's aluminum. The company exports 90% of the country's aluminum.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Gold traded lower earlier on Wednesday in Asia even as the new COVID-19 cases continue to increase globally. However, gold prices still remained above the benchmark $1,800 level. Gold futures slipped by 0.18% to $1,806.6 per ounce at 12:48 ...
The outlook for major global housing markets was monitored at a weak level. This could be attributed to pressing factors including unemployment surge, lockdown restrictions, and low immigration over the coming year, a Reuters survey showed. Fears ...
Asian stocks and Wall Street futures plunged on Thursday as surging coronavirus cases seen in the United States and China dampened market mood. This also underscored a longer recovery period for the global economy. S&P 500 mini futures ...
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