LONDON: Qatar Holding is looking to sell around £510 million (RM3 billion) of shares in Barclays, one of the banks acting on the deal said on Monday (.
London s FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the.
Barclays shares slip after major backer Qatar cuts stake reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
ALBAWABA – Qatar Holding LLC, a company owned by the Qatar Investment Authority (QIA), is selling half a billion dollars’ worth of its shares in Barclay
Global stock markets were off somewhat again on Tuesday, with Moody's decision to cut the outlook for China's sovereign credit rating on Tuesday adding even more pressure to the year's alarming market underperformance there and clocking a five-year closing low for its benchmark stock index. Monday proved to be a step back for the main U.S. stock indices and bond markets as they consolidated last week's surge on hopes the Federal Reserve is finally done tightening and ready to ease in 2024. But while some suspect the rates market ebullience may have jumped the gun - and two Fed cuts by June are still more than fully priced - the emphasis merely shifted to small caps that have underperformed all year due to a disproportionate hit from higher borrowing costs.
Aided by the continued momentum, the Nifty 50 ended at a record closing high for the second session on Tuesday and has formed a reasonable positive candle on the daily charts with long lower shadow. “Technically, this pattern reflects ongoing sharp upside in the market and buy on intraday dips opportunity,” said Nagaraj Shetti, technical research analyst, HDFC Securities.