Sunday , March 7 2021

Recent News

UAE sends more humanitarian aid to flood-hit people in Sudan

KHARTOUM / WAM The Emirates Red Crescent (ERC) continues to provide additional humanitarian aid to those affected by floods which swept through a number of Sudanese states last year, as part of its efforts to address the repercussions of the disaster that is still affecting people in some areas. In ...

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Digital payment transactions in UAE reach $18.50b in 2020

Dubai / WAM The Telecommunications and Digital Government Regulatory Authority has appreciated the data insights by the World Digital Report 2021, published in partnership between “We Are Social” and “Hoot suite”. The report sheds light on the digital lifestyle in the UAE, based on group data that monitored individuals and ...

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UAE, Spain join hands for tech advancement

DUBAI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Science and Innovation (MSI) signed a Memorandum of Understanding (MoU) that will see them develop an advanced technology framework over the next three years. The framework aims to foster bilateral collaboration in the areas ...

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Stocks advance with US futures; Treasuries slip

Bloomberg Stocks rise with US equity futures on Wednesday as concerns over valuations eased and the focus turned back to the stimulus-fuelled recovery from the pandemic. Treasury yields edged higher. The Stoxx 600 Index climbed for a third straight session, with UK shares outperforming after UK Chancellor of the Exchequer ...

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China traders await policy signals to boost faltering stocks

Bloomberg China’s defense and technology sectors may offer investor opportunities as the nation’s top political meeting starts this week, which could help inject fresh impetus into the country’s equities. Measures to help achieve President Xi Jinping’s pledge of a carbon neutral economy by 2060 could be released at the meeting ...

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Investors put record $86bn into stock ETFs in February

Bloomberg When faced with a spike in Treasury yields and a tech sector pullback that erased $1 trillion from stock prices, exchange-traded fund (ETF) investors decided to pour more money into equities. Despite the recent turmoil in the bond market, the S&P 500 Index extended a rally from its March ...

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Stock rally ebbs as commodities dip; dollar advances

Bloomberg Most Asian stocks slipped on Tuesday along with US and European equity futures as investors weighed the impact of the recent climb in bond yields and a Chinese official’s warning about asset bubbles. The dollar rises. Shares in China and Hong Kong led the regional decline. S&P 500 and ...

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Bank of Japan shares may have become the latest meme stock

Bloomberg Japan’s central bank joined the ranks of equities with puzzling surges in valuation led by retail investors on Monday, as its shares surged by their daily limit. The stock rises 18%, the most since 2005, to 33,000 yen a share. Even experienced investors are often surprised to learn that ...

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