Tuesday , April 20 2021

Recent News

UAE cabinet OKs formation of ‘sports coordination council’

DUBAI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the formation of the “Sports Coordination Council” and the reshuffling of the boards of several federal councils, under the framework of ...

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Oil near $67 as dollar dips, India virus cases surge

Bloomberg Oil steadied near $67 a barrel as the benefits of a weaker dollar were offset by the sweep of the coronavirus pandemic across key importer India. Brent futures traded little changed, paring an earlier decline as the dollar slipped, making commodities priced in the currency more attractive. Yet India ...

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UAE’s first secure cloud tech program launched

ABU DHABI / WAM Technology Innovation Institute (TII), the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), on Monday announced that its Cryptography Research Centre (CRC) has launched the UAE’s first secure cloud technologies programme which will boost advanced technologies that enhance data privacy and cloud encryption ...

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Stocks

Europe stocks advance as futures drift; dollar drops

Bloomberg European stocks were steady while US equity futures drifted lower on Monday as investors looked for fresh catalysts to push global shares beyond record highs. The dollar slid. The Stoxx Europe 600 Index advanced to a fresh record following a seventh straight week of gains. Nasdaq 100 futures got ...

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Crypto stock mania tested by sliding prices, slump in Bitcoin

Bloomberg A drop in cryptocurrency-linked stocks in the wake of Bitcoin’s slide and Coinbase Global Inc’s choppy debut is stirring a rallying cry from optimists who reject fears that the sector has peaked. A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fall some 9% over ...

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Bets against Treasuries start to pinch in tough week for bears

Bloomberg Investors betting against Treasuries — or even just hiding out in cash waiting for lower prices — just suffered a rough week, even after a robust slate of economic figures showed the rebound from the pandemic is gaining steam. The debate over the long-term outlook for the $21 trillion ...

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China’s internet stocks face more pain, top global investors say

Bloomberg After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead. GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet ...

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Stocks surge, US futures steady before earnings

Bloomberg Stocks rise and US futures were steady as traders turned their attention to earnings reports from companies including JPMorgan Chase & Co. and Goldman Sachs Group Inc. European equities edged higher on mixed results, with LVMH climbing on better-than-forecast revenue, while Barclays Plc and Tesco Plc slipped. Most Asian ...

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