Bloomberg European stocks retreated from a one-month high reached on Monday after Germany reported weaker-than-expected industrial data. The Stoxx Europe 600 Index dropped 1.1% as of 10:18 am in London, with all 19 industry groups lower. Technology and real estate shares led losses, while autos outperformed. Germany’s DAX Index dropped 1.4% after May factory orders missed forecasts. Adding to the ...

Bloomberg India stocks swung between gains and losses in volatile trade as investors mulled the outlook for economic growth against corporate risks as coronavirus continues to spread. The S&P BSE Sensex was little changed at 36,475.06 as of 12:47 pm in Mumbai, after rising as much as 0.4% and falling as much as 0.7%. The gauge closed at its highest ...

ADEN / WAM Over a three-year period, the UAE, represented by the Emirates Red Crescent (ERC) launched 32 projects to provide drinking water in the governorates of Yemen’s Red Sea Coast, benefitting some 600,000 people. The projects are part of a series of humanitarian projects implemented by the UAE to help the Yemeni people related to food aid, shelter, social ...

Bloomberg Pension fund managers from three continents have launched an online green-investing tool that measures companies against United Nations sustainable development goals. The SDI Asset Owner Platform will allow investors to assess 8,000 companies using the UN criteria, according to a statement on Monday. The four pension funds — APG Asset Management NV and PGGM NV from the Netherlands, British ...

Bloomberg Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained 1.3% in London to near the highest level since March. Saudi Aramco increased its crude prices to Asia as demand recovers. Libya’s oil exports are expected to fall this month as forces opposed to ...

Abu Dhabi / WAM The UAE on Monday sent a plane carrying over 12 metric tonnes of medical supplies and Covid-19 testing kits to Brazil in furtherance of joint cooperation to bolster the country’s efforts to curb the spread of Covid-19 and assist approximately 12,000 medical professionals as they work to contain the coronavirus. Commenting on delivery, Saeed Abdullah Mohammed ...

Bloomberg One of the largest utilities in America is starting to turn its back on natural gas. Dominion Energy Inc, the second-biggest US power company by market value, said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp said they’re ...

Bloomberg A Chinese coal industry group halted publication of a daily consumption index that was widely used as a real-time indicator of the nation’s economic health. Accurate and timely data is key to understanding the world’s second-biggest economy, but releases can often change with little warning, even when the figures are from official sources. The coal market lost an important ...

Bloomberg For Swiss running shoemaker On AG, whose proprietary cushioning technology has attracted Roger Federer as an investor, the global coronavirus lockdowns had positive side effects. Online sales more than tripled in the three months through May as consumers itching for a good workout but wary of gyms turned to outdoor running, according to Chief Executive Officer David Allemann. Demand ...

Bloomberg Virgin Australia Holdings Ltd bondholders asked the country’s deals regulator to let them pitch a plan to rescue the airline in an effort to derail a sale to Bain Capital LP. Singapore-based Broad Peak Investment Advisers Pte and other bondholders told the Takeovers Panel that some elements of the Deloitte-run auction of the airline were “unacceptable” and effectively barred ...