BRIEF-Mori Hills Reit Investment to issue REIT bonds worth 2 bln yen
* Says it to issue its 18 series REIT bonds worth totally 2 billion yen with interest rate of 0.49 percent
DUBAI Dec 15 Stock markets in the Gulf look set to fall on Thursday after the U.S. Federal Reserve raised interest rates and hinted at the risk of a faster pace of tightening next year, causing global bourses and oil prices to drop.
The central banks of Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates followed with their own 25 basis point rate hikes. These were expected but may be negative for property-related shares in particular.
MSCI's broadest index of Asia-Pacific shares outside Japan is down 1.2 percent and Brent oil fell back to a low of $53.52 a barrel overnight, down 7.5 percent since hitting an 18-month peak earlier this week.
The negative impact on Dubai may be hardest because of its greater exposure to foreign funds. On Wednesday, the index fell 1.2 percent to 3,584 points, slipping back below major resistance on its August peak of 3,624 points - a negative technical signal. (Reporting by Celine Aswad; Editing by Andrew Torchia)
* As of Jan 19, 2017 financial target for net imterest margin is between 3.1 percent to 3.3 percent Source text for Eikon: Further company coverage:
WASHINGTON, Jan 23 Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal.