Tuesday , August 3 2021

Recent News

Mubadala sponsors GMIS for the fourth consecutive time

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, announced that it will be the title sponsor for the Global Manufacturing and Industrialisation Summit (GMIS) for the fourth consecutive time. Taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime ...

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Mubadala, BDT bolster ties with acquisition of Culligan

ABU DHABI / WAM BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together “Mubadala”), on Monday announced the transaction close of the acquisition of Culligan International (Culligan), the global leader in sustainable water solutions and services. BDT Capital Partners, LLC (BDT), affiliated with BDT ...

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Makkah Grand Mosque gets ready to receive Umrah pilgrims

MAKKAH / WAM/ SPA The Technical and Service Authority at the Grand Mosque in Makkah has intensified its preparations for the Umrah season. Sterilisation and perfuming processes of the Grand Mosque and its outdoor parks are going on round the clock to prevent the spread of the Covid-19 pandemic. More ...

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Stocks

Stocks, futures advance as earnings buoy sentiment

Bloomberg European stocks climbed on Monday along with US index futures as positive corporate earnings and economic data offset lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant. Carmakers and retailers led the advance in the Stoxx Europe 600 index. Earnings beats from the likes ...

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European stocks reach fresh record on earnings updates

Bloomberg European equities kicked off August with a bang, rising to a new record on earnings updates and easing concern about China’s regulatory crackdown. The Stoxx Europe 600 Index was up 0.6% in London, with cyclicals such as automakers and miners leading a broad advance. Banks also outperformed as HSBC ...

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Big rethink ahead for Chinese stocks listed in US after July

Bloomberg It’s been a hellish month for China-based companies listed in the US. A clampdown by Beijing authorities led to the worst selloff since the financial crisis, prompting a broad reassessment for a burgeoning corner of the world’s largest stock market. The Nasdaq Golden Dragon China Index — which tracks ...

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Senators eye taxes on cryptocurrency to fund infrastructure plan

Bloomberg The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems. The provisions would raise an additional $28 billion from cryptocurrency transactions, according to a summary of the plan. The ...

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US futures, European stocks rise amid positive earnings

Bloomberg US futures rose with European stocks as positive earnings boosted sentiment, while Asian equities were weaker amid Chinese market turbulence. Treasuries fell ahead of the Federal Reserve’s rate decision. Contracts on the Nasdaq 100 Index and the S&P 500 rose, with Alphabet Inc and Microsoft Corp gaining in premarket ...

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