Bloomberg Colombia’s central bank raised borrowing costs for the third straight meeting as inflation accelerates amid forecasts for the biggest economic expansion in at least a century. The bank lifted its benchmark interest rate by half a percentage point to 3% in a split decision, Governor Leonardo Villar told reporters, adding that three of the seven board members voted ...

  Bloomberg The Bank of Japan (BOJ) ended the second year of the pandemic in a very different place to other major central banks. While the Federal Reserve and the Bank of England this week took aggressive steps to pull back from crisis aid, Governor Haruhiko Kuroda and his board slow walked it, extending assistance to struggling smaller businesses for ...

  Bloomberg A tumultuous year for Chinese markets looks to be finally weighing on demand for new stock funds. While equity funds have raised 2 trillion yuan ($314 billion) this year — matching 2020’s record — fundraising this quarter is poised to be the slowest in two years, according to data from consultancy Z-Ben Advisors Ltd. Launches have slowed through ...

  Bloomberg Producers of battery metals and specialist chemicals for electric cars are outpacing sector leaders like Tesla Inc in the stock market as prices of key commodities climb due to tight supply and wider adoption of zero-emission vehicles. Pilbara Minerals Ltd, a Perth-based supplier of lithium raw materials, jumped more than 210% this year, while Ecopro BM Co and ...

  Abu Dhabi / WAM Committed to empowering, connecting, and investing in startups, Plug and Play Abu Dhabi, the largest innovation enabler in the world, and Abu Dhabi Investment Office (Adio), the government entity enabling investment in Abu Dhabi, have officially announced their final list of founding partners for the Industry 4.0 open innovation platform in Abu Dhabi. Mid Q3 ...

  Bloomberg Oil posted a weekly decline after a volatile few days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy. Futures in New York fell as much as 3.4% to briefly trade below $70 a barrel. It ended the week losing over 1% as daily Covid-19 cases in the UK ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to HH Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of Qatar, on his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed ...

Abu Dhabi / WAM The Bridge | Lifestyle Hub, a world-class landmark fostering natural and holistic wellness to transform people’s lifestyles, has officially opened its doors to the Abu Dhabi community. The 8,000 square metres site is an integrated lifestyle hub, which strives to transform how community members understand health and wellness in Abu Dhabi. It is the latest facility ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) organised field tours to the ‘Self-Service Kiosks’ in Dubai International Airport – part of the Value Added Tax (VAT) Refund Scheme for Tourists – to ensure the system’s readiness. The tour is in line with the FTA’s strategy to provide services that meet taxpayers’ aspirations, and its commitment to abiding ...

  Dubai / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, toured the Panama Pavilion at Expo 2020 Dubai, themed ‘An introduction to the endless opportunities in Panama’. Any Lam Chong, Director of the Panama Pavilion, welcomed Minister of Climate Change and the Environment and accompanied her on the tour. Through a virtual reality cruise on ...