Bloomberg Barclays Plc warned of challenges to its capital strength and souring loans at its consumer and corporate businesses as British lenders gear up to battle deteriorating economic conditions. The UK’s third-largest bank by market value said its earnings later this month will “reflect challenging income and impairment conditions for the consumer and corporate businesses, and continuing strength of markets ...

Bloomberg The euro strengthened to a four-month high, and European bond spreads narrowed after leaders made progress in negotiating a historic stimulus package. European shares erased losses. Italy’s 10-year bond yield spread over Germany, a key gauge of risk in the region, fell to the lowest level since March. US equity futures pointed to a weaker open. AstraZeneca Plc gained ...

Bloomberg India stocks rose as investors focused on company earnings commentaries while weighing the impact of the continuing spread of coronavirus infections on the business outlook. The S&P BSE Sensex climbed 1% to 37,388.14, as of 10:08 am in India, after closing above a key technical barrier and capping its longest stretch of weekly wins since December. The measure’s 50-day ...

Bloomberg The world’s biggest money manager is joining a wave of global investors taking profits in Chinese equities after a historic rally, and plans to shift some of the funds to emerging markets that are in a more nascent stage of recovery. Gordon Fraser, co-head of global emerging markets equities at BlackRock Inc., began betting on stocks in countries such ...

ABU DHABI / WAM Emirates Mars Mission, Hope Probe, is the UAE’s contribution to the entire world, a top United Nations official told Emirates News Agency (WAM). “The UAE is always looking forward to the future; it is our wonderful partner. The important part is that they are not doing this [Hope Probe] for themselves but for the region and ...

ABU DHABI / WAM The value of Abu Dhabi non-oil foreign trade has reached AED80.23 billion through the emirate’s outlets during the first five months of 2020, the Abu Dhabi Customs has announced. Exports value reached AED23.20 billion and the re-export value reached AED14.79 billion, while importation reached a static growth to be AED42.24 billion. The kingdom of Saudi Arabia ...

Bloomberg Boeing Co. is running out of space to stash newly-built 787 Dreamliners, with jetliners seemingly tucked onto every available patch of pavement on airfields near its factories in Washington and South Carolina. Dozens of planes are sitting on the company’s premises, according to people familiar with the situation. Uresh Sheth, a much-followed blogger who meticulously tracks the Dreamliners rolling ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Sunday that it conducted over 47,000 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the ...

Abu Dhabi / WAM The Abu Dhabi National Energy Company (Taqa) announced on Sunday that its subsidiary, Abu Dhabi Distribution Company (ADDC) awarded projects worth up to AED 900 million ($245.03 million) to expand the company’s recycled water distribution programme. “The two new projects will upon completion have a combined capacity to transmit approximately 85 million imperial gallons per day (MIGD) of ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development and Elite Agro, a leading UAE-based food and agricultural investment organisation, on Sunday announced the signing of a two-year Memorandum of Understanding (MoU). The MoU between the two respective parties has been developed to manage and operate a number of protected farms that fall under the umbrella of Khalifa Fund, with ...