According to Apple watchers, the iPhone 5 is not experiencing weak demand — the recently ballyhooed cuts in component orders could in fact reflect improved yields on components. All of that talk that Apple has reduced iPhone 5 component orders due to slumping demand for the smartphone might be wrong.
Egypt’s stock market plunged on Sunday in its first day open since Islamist President Mohammed Morsi’s seizure of new powers set off street violence and a political crisis, unravelling efforts to restore stability after last year’s revolution.
The value of the Syrian pound is down 45% on the parallel market and the stock market has slumped 40% since an uprising broke out in March 2011, the International Monetary Fund said on Wednesday.
Oil climbed over $110 a barrel for the first time since May after an Iranian state-run news channel reported an explosion on a pipeline in Saudi Arabia.
Asian stocks and the euro fell on Tuesday after ratings agency Standard & Poor’s warned it might downgrade euro zone countries en masse if European leaders fail to produce a credible plan to solve the region’s debt crisis at a summit later this week.
World stock markets including the FTSE rallied this morning after President Barack Obama announced a last-minute deal to raise the United States borrowing limit.
The regime of Bashar Assad is tottering. The extraordinary endurance of demonstrators week after week is paying off. His fall would probably trigger a short-term surge in violence, but a better government would emerge
The use of the Syrian pound has only started in 1948 after the secession of Bank of Syria and Lebanon, which was providing a single common currency for both countries.
U.S. stocks popped higher Friday after Egyptian president Hosni Mubarak stepped down from power, sparking celebrations in Cairo and relief among investors.
SINGAPORE (Dow Jones)–Asian stock markets were hit on Monday by the political turmoil in Egypt. Japan’s Nikkei Stock Average was down 1.6%, Australia’s S&P/ASX 200 was down 1.1%, South Korea’s Kospi Composite was 1.6% lower and New Zealand’s NZX-50 shed 0.7%.