Friday , June 18 2021

Recent News

Mubadala Health takes 60% stake in UEMedical

Abu Dhabi / Emirates Business Mubadala Health, the integrated healthcare network of Mubadala Investment Company, on Wednesday announced the acquisition of a 60% stake in United Eastern Medical Services (UEMedical) from Jadwa Investment and United Eastern Group (UEG). UEMedical owns and operates multiple hospitals and clinics specializing in women’s health, ...

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UAE emphasises importance of protecting environment

NEW YORK / WAM At the UN General Assembly’s High-level dialogue on desertification, land degradation and drought, the UAE has underlined that protecting the environment must be a priority for the international community. “We only have one home, one shelter – Earth,” said Dr Abdullah Al Nuaimi, Minister of Climate ...

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UAE, Pakistan to bolster trade, investment ties

Dubai / WAM The Pakistan Business Council in Dubai organised the second trade session with Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, to discuss new business opportunities, boosting bilateral trade volume between the UAE and Pakistan and capitalising on Expo 2020 opportunity. The minister was ...

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Stocks

Top-performing Indian funds make bets on chemical stocks

Bloomberg India’s best-performing stock funds have one thing in common: they’ve bet on companies that make the chemical substances used in items ranging from lip balms to crop-boosting fertilisers. Chemicals producers make up at least 14% of the portfolio for three funds that have delivered the biggest returns this year ...

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US equity futures fluctuate, bonds steady on FOMC day

Bloomberg US equity futures fluctuated as investors turned cautious before a policy decision from the Federal Reserve. Oil extended a powerful rally and Treasuries were steady. Contracts on the S&P 500 index drifted between modest losses and gains after the underlying gauge snapped a three-day winning streak amid weakness in ...

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Treasuries signal calm before FOMC; futures little changed

Bloomberg Treasuries climbed Tuesday while US equity futures were little changed, with markets appearing unruffled ahead of a key Federal Reserve meeting. Contracts on the S&P 500 index pared an early gain after the underlying gauge hit another record. European equities were led higher by chemical firms, while Asian stocks ...

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Evergrande slides after Caixin reports talks on lender stake

Bloomberg China Evergrande Group fall after Caixin’s WeNews reported that a local government discussed paring the property giant’s stake in a regional lender and a new policy could curb a key source of financing for developers. Authorities in the northeastern Liaoning province held discussions with Evergrande to inject state capital ...

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Vaccine stocks decline

Bloomberg The world’s top makers of Covid-19 vaccines dropped after tests of Novavax Inc.’s shots showed they were 90% effective at preventing symptoms. Stocks tied to inoculations already cleared for emergency use fall in trading, led by Moderna Inc closed down 5.2% after dropping 9.5% intraday. Pfizer Inc. fell 1.3% ...

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