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 which begins on Friday, according to brokerages including Guotai Junan ...

Bloomberg Oil held steady just days before many of the world’s largest producer nations meet to discuss how much crude they should supply in the coming months. Crude futures in New York were trading near $61 a barrel. Opec and its allies will meet on Thursday to decide if they will ease supply curbs further after Saudi cuts pushed the ...

KHARTOUM / WAM Mariam Assadiq Al Mahdi, Sudanese Minister of Foreign Affairs, lauded the cooperation between the UAE and Sudan, stressing her country’s keenness to reinforce its relations with the UAE and other Gulf Cooperation Council countries. She made this statement during her meeting with a delegation from the Al Maktoum Foundation, led by Mirza Al Sayegh, Director of the ...

Bloomberg China’s utility giant is planning to upgrade its massive electricity grid over the next few years to allow it to move away from coal generation and reach peak carbon emissions as soon as possible. State Grid Corp of China will build new ultra-high voltage transmission lines, speed up construction of pumped hydro storage plants, and accelerate the development of ...

Bloomberg India’s state-run Bharat Petroleum Corp will offload its holding in its unit Numaligarh Refinery Ltd for 98.78 billion rupees ($1.3 billion) as part of its own privatisation process. The second-biggest state refiner will sell its 61.65% holding in Numaligarh Refinery to a consortium of state-run firms Oil India Ltd and Engineers India Ltd and may also include the provincial ...

Bloomberg New Zealand’s central bank (RBNZ) signalled it is in no rush to remove monetary stimulus, saying inflation will slow next year and the economic outlook remains highly uncertain amid the Covid-19 pandemic. “Prolonged monetary stimulus” remains necessary and “considerable time and patience” will be required to meet its inflation and employment targets, the Reserve Bank said in a statement ...

Bloomberg The central bank of Myanmar is limiting cash withdrawals from banks and automated teller machines a month after the country’s military coup. Individuals will not be allowed to withdraw more than 2 million kyat ($1,406) from their bank accounts while businesses will be allowed to withdraw up to 20 million kyat a week, according to a directive signed by ...

Bloomberg Christopher Laskowski, head of Hong Kong corporate and investment banking at Citigroup Inc., is leaving after 23 years at the US bank, according to people familiar with the matter. Laskowski, who also heads Citigroup’s Asia global asset managers with a focus on private equity and sovereign wealth funds, recently resigned. He joined Citigroup in New York in 1997 and ...

Bloomberg Goldman Sachs Group Inc. is restarting a trading desk for cryptocurrencies amid a surge in the value of Bitcoin, a person familiar with the effort said. The Wall Street bank will begin offering Bitcoin futures among other products by mid-March after halting a similar effort started in 2018, Crypto was once shunned at elite firms like Goldman Sachs, but ...

Bloomberg Less easy financial conditions will likely lead to lower overall returns in global markets while favouring growth stocks over value, according to UBS Group AG. Growth and earnings will become bigger drivers of returns next quarter, strategists including Bhanu Baweja wrote in a note. A bottoming in real rates and credit spreads will signal the end of a liquidity ...