Thursday , May 28 2020

Recent News

Hamdan unveils new award for firms battling pandemic

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, announced an exceptional 4th edition of the Hamdan bin Mohammed Award for Innovation in Project Management featuring a new category titled ‘Innovative Practices in Handling the Covid-19 Pandemic’. ...

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IEA expects historic fall in global energy investment

PARIS / WAM The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency (IEA) said in a new report released ...

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Japan’s bond issuance to exceed $2tn this year

Bloomberg Japan’s government increased the amount of debt it plans to issue this fiscal year for the third time in under two months, seeking to fund its unprecedented economic stimulus. Issuance will surge to 212.3 trillion yen ($2 trillion) in fiscal 2020, according to a plan released by the Ministry ...

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Stocks in Europe climb with US futures; oil slips, dollar gains

Bloomberg Stocks advanced in Europe along with US equity futures as investors looked past simmering tensions between Washington and Beijing and focused on progress in relaxing lockdowns. Oil slipped, while Treasuries and the dollar edged higher. The Stoxx Europe 600 Index headed for a third daily increase as the region’s ...

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SGX plunges most in 17 years as MSCI signs pact with HK

Bloomberg Shares in Singapore Exchange Ltd. (SGX) plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. SGX’s stock fell 11.8% as of 3:22 pm local time, set for the biggest drop since 2003, amid concerns over the ...

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US stocks, futures decline on worsening China tension

Bloomberg Stocks declined alongside US equity futures on Thursday as deteriorating Sino-American ties cast a cloud over the recent rally in risk assets. Treasuries advanced with the dollar. The Stoxx Europe 600 Index erased Wednesday’s gain, with all 19 sector groups in the red. Contracts on the three main American ...

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Indian stocks gain on optimism about virus curbs easing

Bloomberg Indian stocks climbed, putting the main indexes on track for the third day of gains, amid optimism of economic revival as the nation gradually exits from the world’s strictest lockdown. The S&P BSE Sensex climbed 0.5% to 30,983.04 as of 10:11 am in Mumbai, while NSE Nifty 50 Index ...

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Malaysian stocks rise

Bloomberg Malaysian stocks rallied on Thursday led by glove makers, with the benchmark gauge poised for its longest winning streak in almost two years. The FTSE Bursa Malaysia KLCI Index rose 1% in Kuala Lumpur, its seventh day of gains, sending valuations to a 10-month high. Volumes for the whole ...

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