Sunday , July 21 2019

Recent News

Sheikh Mohamed’s China visit to further deepen ties: UAE envoy

BEIJING / WAM A UAE official has said that the upcoming state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will deepen ties and build on the foundation of the comprehensive strategic partnership announced ...

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UAE-China trade up 16.2% to reach $11.2b in Q1 2019

ABU DHABI / WAM Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat. “China-UAE trade is expected to maintain the mom-entum of rapid growth thro- ughout 2019 ...

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Oil jumps as Iran claims to seize British tanker

Bloomberg Oil jumped in after-market trading following the Iranian Revolutionary Guard Corp seizing a British oil tanker and a Liberian-flagged ship in the Strait of Hormuz, raising stakes in the critical oil chokepoint. Brent futures rose as much as 1.4 percent from its settlement, while WTI futures also edged higher ...

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Stocks struggle as earnings roll in; Treasuries decline

Bloomberg US equity futures drifted with European stocks as a mixed bag of corporate earnings gave traders food for thought amid fresh trade tensions. Treasuries yields edged lower and European government bonds climbed. Contracts on the S&P 500, Dow Jones and Nasdaq gave up some their early gains after Bank ...

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Nigeria stocks fall on policy delays

Bloomberg Nigeria’s benchmark stock index fell for a fifth day, a slump that underscores foreign investor frustration over a lack of policy progress since President Muhammadu Buhari won re-election in February. The index dropped 0.5 percent by earlier close to the lowest since May 2017. It has declined 13 percent ...

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Woodford-linked exchange stood up by UK watchdog

Bloomberg The Guernsey stock exchange says it was stood up by the UK regulator when trying to share information on some of the holdings in Neil Woodford’s flagship fund. The “Financial Conduct Authority failed to show up,” the exchange said in a statement and published by the UK’s Treasury Committee. ...

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Treasuries fall, dollar rises on economic data; stocks mixed

Bloomberg Treasuries fell and the dollar rose after solid data from the world’s largest economy added to signs the expansion is holding up even as central bank officials indicated they’re ready to cut rates. Stocks were mixed. Benchmark 10-year yields halted a two-day slide, while the greenback climbed against most ...

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Philippine stock bulls unfazed amid drop in six weeks

Bloomberg The bull run for Philippine stocks still has legs amid tailwinds of stronger corporate earnings, cooling inflation and continued monetary stimulus. The benchmark Philippine Stock Exchange Index entered the bull market after climbing more than 22 percent from a November low. The gauge is now the best performer in ...

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