Bloomberg The US House prepared to vote on a history-making second impeachment of Donald Trump as lawmakers seethed over his role inciting last week’s mob attack on the Capitol and the president’s once-firm control over the Republican party began to break down. Trump’s impeachment appeared inevitable in a vote Democrats anticipated, with the resolution’s sponsors claiming broad support from Democrats ...

Bloomberg The Trump administration declassified its strategy to ensure continued dominance over China, which focuses on accelerating India’s rise as a counterweight to Beijing and the ability to defend Taiwan against an attack. National Security Adviser Robert O’Brien announced the publication of the document, titled “United States Strategic Framework for the Indo-Pacific.” Approved by President Donald Trump in February 2018, ...

Bloomberg Chinese state media urged action to keep Hong Kong elections from becoming a “tool for anti-China and trouble-making forces,” raising the prospects for more measures to curb dissent in the Asian financial hub. The People’s Daily newspaper, the mouthpiece of the ruling Communist Party, said in a commentary that those found to be disloyal must not be allowed to ...

Bloomberg Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020. In just about two weeks, at least four brokerages have raised their price targets on Divi’s Laboratories Ltd., one of the top producers of active pharmaceutical ingredients (API), with Jefferies India Pvt.’s estimate — which targets a 21% gain over the next 12 months from ...

Bloomberg The dollar strengthened, while European stocks and US equity futures fluctuated as investors focused on comments from the Federal Reserve and European Central Bank (ECB) about outlook for monetary stimulus. In Europe, governing council member Francois Villeroy de Galhau said the ECB will keep an easy stance for as long as needed, and US investors took comfort from remarks by ...

ABU DHABI / WAM UAE residents have interacted with the hashtag, “#TogetherWeRecover,” on social media, underscoring the sense of community awareness about the importance of recovery and the return to normalcy after taking the approved coronavirus vaccine. The official and popular interaction with the hashtag also highlights the cooperation of Emirati citizens and residents in countering the coronavirus by immunising ...

Bloomberg Oil in New York extended its recent rally to a new 10-month high as the dollar edged lower, increasing the appeal of commodities priced in the currency. Earlier, futures rose above $53 a barrel to the highest since February 2020. Prices have been climbing since the beginning of the year after promises of unilateral crude output cuts from Saudi ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Charalambos Petrides, Minister of Defence of the Republic of Cyprus, on Tuesday signed a Memorandum of Understanding, via video conferencing, on joint cooperation in the defence and military fields. Al Bawardi commended the strategic relations between the UAE and Cyprus, highlighting that the signing ...

Abu Dhabi / WAM Abu Dhabi Health Services Company, (Seha), the UAE’s largest healthcare network, has announced the opening of two Covid-19 vaccination centre in the Emirate of Abu Dhabi and one in Dubai, for members of the community who wish to receive Beijing Institute of Biological Product’s inactivated vaccine. The centres, located in Abu Dhabi Cruise Terminal in Abu ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the issuance of the year’s first Chinese Yuan (CNY) in the Formosa bond market with a CNY 1.5 billion five-year bond at 3.15 percent. This deal also represents the lowest coupon paid by a Mena bank on a public CNH five-year issuance. The successful offering was upsized to CNY ...