Sunday , January 20 2019

Recent News

UAE, Saudi launch 7 joint initiatives in key sectors

ABU DHABi / WAM The Executive Committee of the Saudi-Emirati Coordination Cou-ncil held its first meeting in Abu Dhabi with the participation of all 16 members from both sides to follow up on the execution of the joint initiatives outlined in the ‘strategy of resolve’. The strategy includes areas of ...

Read More »

UAE-India trade to top $100bn

GANDHINAGAR / WAM Narendra Modi, Prime Minister of the Republic of India, met with Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong ...

Read More »

Oil hits 2-month high on trade hopes

Bloomberg Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping binge ...

Read More »

Stocks

US stocks gain amid signs of great start to earnings season

Bloomberg US stocks gained amid signs of a better-than-expected start to the earnings season. The pound was little changed against the dollar before a vote on the UK’s government. The S&P 500 rose to within a whisker of its average price over the past 50 days, a level it hasn’t ...

Read More »

Crypto theft has a safer way to trade

Bloomberg Big investors who’ve soured on cryptocurrencies because of the industry’s billion-dollar theft problem will soon have a new way to trade that’s touted as a safer solution. By the end of the month, BitGo Inc’s customers will be able to buy or sell Bitcoin, Ether and other digital assets ...

Read More »

Technology stocks gain as Beijing combats slowdown

Bloomberg Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced. The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by ...

Read More »

China’s yuan heads for six-month high

Bloomberg China’s yuan is shrugging off poor economic data to head for its strongest level in six months, but the gains are coming so fast they’re casting uncertainty over the rally’s longevity. The currency rose as much as 0.42 percent to 6.7383 per dollar on Tuesday, in line for its ...

Read More »

India stocks gain as low inflation kindles hopes

Bloomberg Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies. The S&P BSE Sensex advanced 1.3 percent to 36,318.33 at the close ...

Read More »