Thursday , October 22 2020

Recent News

UAE, Israel sign agreement on air-transport services

TEL AVIV / WAM The UAE’s General Civil Aviation Authority (GCAA) signed an air transport services agreement with the Civil Aviation Authority of Israel, to strengthen the bilateral air transport relations between the two countries. Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of ...

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Etisalat’s net profit climbs 6% to reach AED2.4 billion in Q3

Abu Dhabi / Emirates Business Etisalat group on Wednesday announced its consolidated financial statement for the third quarter of this year ending on September 30. The company reports six per cent increase in profit to AED2.4 billion in third quarter and said its group’s revenue stood at AED13 billion during ...

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Tabreed raises AED1.8b with new 7-year bond

Abu Dhabi / WAM National Central Cooling Company (Tabreed) on Wednesday announced that it has successfully raised AED1.8 billion with a 7-year, 2.5% coupon bond issuance. With orders coming from around 140 high quality local and international investors, the issuance was oversubscribed almost 5 times at its initial size of ...

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Bonds decline on stimulus bets; European stocks slide

Bloomberg Treasuries dropped alongside the dollar amid speculation that Washington lawmakers have made some progress on a stimulus package to be financed by trillion-dollar borrowing. The US 10-year yield broke above 0.8% to a four-month high and European bonds followed suit after Democrat House Speaker Nancy Pelosi expressed hope for ...

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Volatile end of year could put a limit on European equity gains

Bloomberg European equities may not catch a break from being stuck in neutral as they head into a volatile end of the year, according to strategists surveyed by Bloomberg. The Stoxx Europe 600 Index will end the year at 371 points, leaving just 1% upside against Tuesday’s close, based on ...

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US futures extend gains amid final stimulus push

Bloomberg US equity futures extended gains as investors clung to hopes for a deal in stimulus talks. Europe equities fluctuated after a string of positive earnings. Logitech surged as much as 22% to a record high after the tech hardware maker raised its sales forecast. UBS gained after the Swiss ...

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SoftBank amasses over $20 billion in public stock unit

Bloomberg SoftBank Group Corp. charged ahead with its new public stock trading arm, increasing equity positions to more than $20 billion despite an initially skeptical response from shareholders, according to a person familiar with the investments. Bloomberg reported in August that SoftBank had been targeting more than $10 billion and ...

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European stocks, futures rise on stimulus hope; bonds fall

Bloomberg Stocks in Europe advanced with US futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped. In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth ...

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