SABIC Deal Pushes Saudi Shares to Record Level

World shares set fresh records, lifted by U.S. housing data

Key world equity indexes scaled new highs on Friday as a surge in U.S. housing starts to levels last seen in 2006 powered stocks while the greenback rose to a one-week high against the euro on expectations of solid economic growth. Optimism over corporate earnings and indications of resilience in China’s economy also lifted equities...

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