Wednesday , October 23 2019

Recent News

UAE a major player in global energy sector: Al Mazrouei

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Industry, affirmed that UAE is a leading player in global energy sector. He attributed this to its role in finding creative solutions to the challenges of energy sustainability and the diversification of sources of energy, as well as the ...

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Etisalat nine-month profit up 2.1% to AED6.7 billion

ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statement for the nine months ending September 30. Consolidated revenues reached to AED38.8 billion, while consolidated net profit after Federal Royalty amounted to AED6.7 billion an increase of 2.1 percent compared to same period last year. Aggregate subscriber ...

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Boeing 737 Max design faulted in Lion Air crash

Bloomberg Design flaws in Boeing Co.’s 737 Max, a failure to share vital information with pilots and airline maintenance stumbles contributed to last year’s crash of Lion Air Flight 610, which killed 189 people, investigators have concluded. In a nine-point presentation to victims’ families prior to the Friday release of ...

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US equity futures slip after Caterpillar earnings miss

Bloomberg US equity-index futures dipped and European stocks struggled for traction as investors plowed through earnings reports without finding much to justify optimism for global growth. Treasuries and European bonds advanced broadly. S&P 500 and Dow Jones Industrial Average contracts fell after Caterpillar’s results missed analysts’ forecasts, sending the stock ...

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Emerging-market needs end to trade war, not ‘rate cuts’

Bloomberg Equity investors clamouring for interest-rate cuts in emerging economies are getting a wake-up call: monetary easing is failing to revive growth impaired by the trade war. Any stimulus unlocked by lower interest rates is being outweighed by weaker local currencies because trade tensions between the US and China are ...

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US equity futures fluctuate as earnings roll in; bonds climb

Bloomberg US equity-index futures fluctuated along with European stocks on Tuesday as investors weighed a flurry of company results and the odds of the world’s biggest economies agreeing a trade deal in November. Treasuries rose and the pound drifted. S&P 500 futures were little changed after the underlying gauge closed ...

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Stocks rise with US equity futures as bonds decline

Bloomberg US equity-index futures advanced alongside European and Asian shares as investors awaited fresh developments on foreign trade and this week’s slew of results from major companies. Bonds dropped. Contracts on the S&P 500 Index rose, pointing to a firm open that would keep the American benchmark within sight of ...

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