Amer Khan says he could sense a stock market rally in late 2012 just from the street scene in Dubai, the financial capital of the United Arab Emirates. Tourists were once again jostling for a spot from which to watch the dancing fountains that adorn the downtown area. Recurring traffic jams, increasing retail sales and a rise in airport passengers were other signals for Khan, the senior executive officer at Dubai-based Shuaa Asset Management.
Royal Dutch Shell Plc, Europe’s biggest oil company, said Europe needs a price of $120 per ton of carbon dioxide for natural gas to compete with imported U.S. coal and subsidized renewable energy in power generation.
Mouchel Plc rose the most on record in London trading as the U.K. provider of road maintenance services said its lending banks remained “fully supportive” of the board, even after its interim chairman resigned.
Simon Henry is the frontrunner among analysts to become the next chief executive officer of Royal Dutch Shell Plc after Peter Voser unexpectedly announced his resignation next year from Europe’s biggest oil company.
Electrocomponents Plc, a distributor of more than 550,000 electronics and maintenance products, rose for a 13th day, the longest streak ever, as investors bet that resurgent business in Europe and North America will continue.
The hilltop city of Yulin, about 500 miles (800 kilometers) southwest of Beijing, was once a strong point in the defensive wall that protected the Chinese heartland from the tribes to the north. An ancient fortress survives in the old part of the city, the Chinese characters for “Suppress the Barbarians” carved over its gate.