ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), is positioned to drive value for the UAE and will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging period. Following the UAE leadership’s wise guidance, Adnoc will remain focused on ...

Bloomberg The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. As the International Labour Organisation (ILO) warns of almost 25 million layoffs if the virus isn’t controlled, the cuts from ...

Bloomberg The Opec+ meeting to try to end the oil price war is unlikely to go ahead of Monday as previously expected, as Riyadh and Moscow engaged on a war of words about who’s to blame for the collapse in oil prices. The Opec+ alliance needs more time for negotiations, ...

Bloomberg Stocks fell in Europe and Asia along with US equity futures as investors took in worsening American coronavirus figures and assessed the impact of the pandemic on corporate profits and dividends. The dollar climbed with Treasuries. Banks led the decline in the Stoxx Europe 600 index after lenders including ...

Bloomberg India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended on April 1, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister ...

Bloomberg US equity futures and European stocks headed for a fifth increase in six sessions, spurring debate over whether the meltdown has ended given the continued spread of the coronavirus. Treasuries edged higher. Contracts on the three main American stock indexes turned from losses to gains overnight as political leaders ...

Bloomberg India stocks advanced on Tuesday as some investors found value in riskier assets with the benchmark equity index capping its worst quarter ever. The S&P BSE Sensex Index rose 3.6% at the close in Mumbai. The quarterly drop of 29%, as the nation saw an acceleration of virus cases ...

Bloomberg South Africa’s stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom. The FTSE/JSE Africa Gold Mining Index is the sole Johannesburg industry sector to post gains in 2020, rising 11% as bullion ...