Business Blog

* World Bank cuts growth forecasts, deflation fears rise* Stocks, lower-rated bonds, commodities fall* Safe-haven Japanese yen gains ground against dollar* Legal opinion on ECB bond-buying helps trim losses* Emerging markets underperform, Russia in focusBy Lionel LaurentLONDON, Jan 14 (Reuters) - Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts f

Bank Islami Pakistan, the country's second largest full-fledged Islamic bank, plans to raise 3.5 billion rupees ($34.8 million) via subordinated sukuk.

Items marked ** denote new or amended listingsWEDNESDAY, JANUARY 28 (until January 29) MALAYSIA - Future of Global Takaful Details: http://finance.fleminggulf.com/2nd-annual-future-global-takafulTUESDAY, FEBRUARY 3 (until February 4) BAHRAIN - Middle East Insurance Forum Details: http://middleeastinsurance.megaevents.net/FRIDAY, FEBRUARY 6 LONDON - Workshop on IIFM&aposs Master Collateralized Mura

Wednesday, Jan 14 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.You can view the full IFG briefin http://tmsnrt.rs/17G46FF under IFG Briefings Subject.TOP STORIES Dubai Islamic Bank to sell Tier 1 sukuk on Wednesday Dubai Islamic Bank (DIB), the largest sharia-comp

* Oil extends slide, close to $45 a barrel* Prospect of ECB actions lifts shares in Europe, U.S.* Dollar gains vs yen and euro in choppy trade(Updates to open of U.S. trading, changes byline and dateline, previously LONDON)By Ryan VlastelicaNEW YORK, Jan 13 (Reuters) - Stock markets around the world rose on Tuesday, rebounding after a recent bout of weakness as investors bet that there would be ec

(Refiles to new USN)* Oil extends slide close to $45 a barrel* Retails, prospect of ECB action lifts Europe shares* Dollar gains vs yen and euro in choppy tradeBy Nigel StephensonLONDON, Jan 13 (Reuters) - Oil prices slid on Tuesday to their lowest in almost six years, but European shares rose as investors focused on expectations that policymakers would soon take action to prevent the euro zone sl