Friday , February 21 2020

Recent News

Dubai Boat Show charts maritime course for 2020s

DUBAI / WAM Hailing the dawn of a decade defined by innovation in the maritime sector, the 28th Dubai International Boat Show will drop anchor at its new 1,100-berth Dubai Harbour home from March 10-14, buoyed by a striking display of superyachts, future-focused maritime equipment and an extensive range of ...

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‘UAE-Russian forum’ seeks to enhance joint strategic ties

SHARJAH / WAM The UAE-Russian Business Forum held in Sharjah and organised by the Sharjah Economic Development Department (SEDD), in cooperation with the Ministry of Energy and Industry, discussed ways to enhance the strategic partnership between the two countries and focused on the importance of benefiting from the economic, commercial ...

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US futures advance with Europe stocks; oil gains

Bloomberg US equity futures advanced with European stocks on Wednesday after signs emerged that China may be planning further measures to support its economy reeling from a virus-induced slowdown. The yen weakened. Contracts on the three main US stock gauges pointed to a positive start on Wall Street after Bloomberg ...

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India’s Sensex rises as investors assess economic outlook

Bloomberg India’s stock benchmark rose, rebounding from its lowest close in more than two weeks, as investors assessed the extent that the coronavirus outbreak may affect the economic outlook. The S&P BSE Sensex Index climbed for the first day in five, adding 1.1% to close at 41,323 in Mumbai. The ...

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Pound climbs after inflation tempers risk of BOE rate cut

Bloomberg The pound rose after inflation accelerated, fuelling expectation that the Bank of England (BOE) will hold off lowering interest rates for the foreseeable future. Sterling cemented its position above $1.30, snapping two days of declines versus the dollar after annual inflation picked up for the first time in six ...

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US futures fall after Apple says sales to miss forecast

Bloomberg US equity-index futures fell along with European stocks on Tuesday after Apple Inc said quarterly sales would miss forecasts, spooking investors who had hoped for a limited economic impact from the deadly coronavirus. Treasuries rose as American markets re-opened after a holiday. Contracts on the three major US equity ...

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India’s Sensex drops as virus adds to woes

Bloomberg India’s stock benchmark declined for a fourth straight day, with disruptions from the coronavirus outbreak clouding the outlook for an economy already facing its weakest expansion in 11 years. The S&P BSE Sensex Index fell 0.4% to close at 40,894.38 in Mumbai, its longest losing streak in more than ...

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