Bloomberg Australia’s central bank kept its key policy instruments unchanged Tuesday following the cooling of a global bond selloff and as the impact of record-low interest rates on asset markets comes into focus. Reserve Bank of Australia (RBA) Governor Philip Lowe and his board held the cash rate and three-year yield target at 0.10% and made no changes to the ...

Bloomberg Singapore once again warned the public about the risks of trading cryptocurrencies like Bitcoin, a market that while relatively small in the city-state surged in significance over the past year. “Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals,” Tharman Shanmugaratnam, the chairman of the Monetary Authority of Singapore, said in response ...

Bloomberg American stock futures dipped, suggesting the rally that drove the S&P 500 to an all-time high may pause as concern China is curtailing loan growth tempered optimism stoked by the US economic rebound. Contracts on the S&P 500 slipped along with those on the Nasdaq 100 after large US technology stocks rise, including a surge by Facebook Inc. to ...

Bloomberg Gold advanced as investors weighed a drop in real yields against solid US data that signaled a recovery from the pandemic. Bullion rises as much as 0.6% after ending it was little changed. Real yields fall for the third time in four sessions, buoying gold’s attractiveness. Still, data point to a rebound as more Americans are vaccinated against the ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has selected Rom Top Aviation Ltd as its general sales agent (GSA) for the State of Israel. The appointment comes ahead of the April 06 launch of Etihad’s scheduled twice-weekly Abu Dhabi-Tel Aviv service and as official Israeli government figures point to rising trade ...

Bloomberg Oil fell after Opec+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer. West Texas Intermediate and Brent dropped around 2.6%, paring gains. Opec+ opted last week to raise production by more than 2 million barrels a day between May and July. Crude has rallied this year ...

ABU DHABI / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the meeting that was held by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), with the governors of the Mena region, Afghanistan and Pakistan on the sidelines of the 2021 IMF/World Bank Spring Meetings. The meeting took place virtually and discussed the ...

ABU DHABI / WAM The UAE and the US announced their joint commitment to tackle the climate challenge in a joint statement that stresses the importance and urgency of raising global climate ambition. Both countries announced their intent to cooperate on new investments in financing decarbonisation across the Mena region and beyond, and to focus on assisting the most vulnerable ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) continues to achieve the vision of the leadership to build a more sustainable environment and develop long-term solutions for challenges in line with the 17 UN Sustainable Development Goals (SDGs). Dewa adopts the triple bottom line of sustainable development which includes society, the environment, and the economy. This also achieves Dewa’s ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED) has signed a cooperation agreement with Abu Dhabi Future Energy Company (Masdar) on protecting consumers, trademarks, control and inspection of markets within Masdar City Free Zone. The agreement will enhance cooperation between both sides to set up rules and foundations for commercial protection and expanding its scope. The ...