Recent News

World leaders condemn Houthi militia attack on Abu Dhabi

Abu Dhabi / WAM UN secretary general Antonio Guterres condemned the Houthi militia attack, which targeted civil facilities in UAE and resulted in a number of deaths and injuries. The UN spokesman said in the daily briefing that such attacks are prohibited by international humanitarian law. The United States also strongly condemned Houthi militia terrorist attack in the UAE, which ...

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Microsoft buys US gaming giant Activision for $69bn

  Bloomberg Microsoft Corp said it’s buying Activision Blizzard Inc in a $68.7 billion deal, uniting two of the biggest forces in video games to create the world’s third-biggest gaming company. In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and ...

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Agthia distributes 500 care packages to families in need

  Abu Dhabi / WAM Agthia Group PJSC, a regional food and beverages company, has marked the end of 2021 with a sizeable donation of over 500 Care Packages that were distributed to families in need across the UAE, which included a variety of food items produced by the group’s brands. Agthia partnered with the Emirates Red Crescent, Dubai Charity ...

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Stocks

Jefferies joins growing list of China equity bulls on valuations

  Bloomberg Jefferies Financial Group Inc strategists turned bullish on Chinese stocks, saying they’re due for a rebound after getting hammered by a year of regulatory crackdowns and a slowing economy. After being underweight on Chinese equities for most of 2021, “the case for a mean-reversion led bounce is building,” Jefferies strategists including Desh Peramunetilleke wrote in a January 17 ...

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Stocks, futures fall as Treasury yields surge

  Bloomberg Most stocks fall on Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Europe’s Stoxx 600 Index declined, with energy the only sector to advance. US equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, ...

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Stocks, futures mixed as bond yields march higher

  Bloomberg Stocks were mixed on Monday as traders weighed a global advance in sovereign bond yields and the start of the earnings season. Media, miners and healthcare led an advance in Europe’s Stoxx 600 Index, while Nasdaq 100 futures fall. A dollar gauge was little changed and oil ticked up. US stock and bond markets are shut on Monday ...

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Investors search for safe havens in Asia as Omicron takes hold

  Bloomberg The threat of the Omicron variant is becoming real for many of Asia’s biggest countries just as it looks set to subside in some Western nations, and that’s complicating investors’ search for winning share bets in the region. The problem is that Asian governments are carrying out widely diverging coronavirus policies, with strategies ranging from China’s pursuit of ...

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HK’s battered stocks set for reprieve via record buybacks

  Bloomberg A record wave of share repurchases by Hong Kong-listed companies could be a signal that the city’s beaten-down equities are ready for a turnaround after a year of underperforming global peers. Last year, 192 firms bought back a combined $9.2 billion worth of their own shares, the biggest annual tally on record, according to data on announced deals ...

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