Bloomberg UBS Group AG’s Singapore investment banking chief Oi Yee Choo is set to join iSTOX, a trading platform backed by Temasek Holdings Pte. Choo will join iSTOX in January as its chief commercial officer and will help drive business growth by building its network of investors and issuers, according to a statement from the company, confirming an earlier Bloomberg …

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), announced the participation of 102 Chinese companies in the 21st Water, Energy, Technology and Environment Exhibition (Wetex 2019, and eight Chinese companies in the fourth Dubai Solar Show, which will run concurrently with the Wetex, the region’s largest renewable and sustainable energy exhibition. Both exhibitions will be held under the umbrella …

Bloomberg Oil steadied near $53 a barrel after two days of declines as the fragile economic environment and unresolved US-China trade war continue to deteriorate the outlook for global fuel demand. Futures in New York rose 0.4% on Wednesday in New York. The International Energy Agency (IEA) sees a “serious challenge” for Opec and other producers next year amid the …

Bloomberg American equity-index futures slipped on Wednesday while European shares struggled for traction as tensions over Hong Kong mounted and earnings season rolled on. Treasuries gained and the dollar was steady. Contracts on all three major US gauges stayed lower even after Bank of America reported upbeat earnings. The Stoxx Europe 600 was little changed after paring a decline as …

Bloomberg India’s benchmark stock index posted its longest winning streak in more than three months after Wipro Ltd boosted investor optimism with earnings that beat all estimates. In a volatile trading session that saw it pare gains multiple times, the S&P BSE Sensex Index rose 0.2% to 38,598.99 in Mumbai. That marked a fourth day of gains and its longest …

Bloomberg South Korea’s central bank warned that economic growth would be weaker than forecast after cutting its policy rate for the second time this year as a global downturn pummels exports and weighs on prices. The move comes amid a wave of rate cutting by central banks around the world to shore up growth and highlights the sense of urgency …

Bloomberg Bank of America (BofA) Corp posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest rates. Third-quarter debt underwriting fees unexpectedly surged 19% and the firm’s fixed-income traders eked out a slight increase, pushing profit above analysts’ estimates. Its gains in advisory fees also surpassed rivals in the best quarter for the …

Bloomberg Citigroup is calling for greater consistency in implementing regulations for the banking industry Africa and warned frequent changes will harm the sector. The bank’s business was one of 12 lenders Nigeria’s central bank penalised last month for failing to meet credit-provision targets. Citigroup was handed a 100.7 billion naira ($279 million) penalty out of a combined sanction of 500 …

Bloomberg Ant Financial Services Group is seeking a syndicated loan of up to $3.5 billion at a lower rate, joining other Chinese technology giants in their bid to slash debt costs. The company is in talks with lenders for a $2.5 billion financing that comes with a $1 billion greenshoe option, according to people familiar with the matter. The price …

Bloomberg Cryptocurrency investors better not take their eyes off China, even after regulators there started to crack down on digital assets. In recent months, over-the-counter crypto trading in China has exploded, just as Chinese spot traders began buying nearly all of their Bitcoin with the stablecoin Tether, according to a study by researcher Chainalysis Inc. Tether was used in 99% …