Bloomberg European stocks fluctuated, Asian shares rose and US futures edged higher on Thursday as investors weighed corporate results and signs of progress in treating the coronavirus alongside miserable economic data. Oil futures continued to rebound after an early-week tumble. The Stoxx Europe 600 Index swung from a gain to a loss in early trading. Societe Generale SA slumped after ...

Bloomberg India stocks rose, heading for their first monthly gain this year, with the world’s biggest lockdown scheduled to end on Sunday. Equities across Asia gained on Thursday amid signs of progress in treating the coronavirus. The S&P BSE Sensex climbed 2.8% to 33,605.99, while the NSE Nifty 50 Index added 2.7%. Both gauges have rebounded by more than 20% ...

Bloomberg Oil clawed back its recent heavy losses as output cuts from major producers seek to stymie an unprecedented global glut. Futures rose by almost $2 in New York to around $14 a barrel. Russian oil companies will cut output by about 19% from February levels, the nation’s Energy Minister, Alexander Novak told the Interfax news agency. Even at $10 ...

Bloomberg Airbus SE spent a record 8 billion euros ($8.7 billion) of cash in the first quarter as Chief Executive Officer Guillaume Faury warned of the “gravest crisis the aerospace industry has ever known.” While almost half of the cash hit came from a bribery settlement, the abrupt drop in deliveries seen in March will worsen this quarter, eating further ...

Bloomberg As dividends are slashed around the world, the $42 billion in promised payouts by China’s biggest banks have a powerful defender — the Communist Party. Industrial & Commercial Bank of China Ltd. (ICBC) and its three biggest peers are returning more than 30% of their 2019 earnings to shareholders, implying an average dividend yield of more than 6%. That’s ...

Emirates Business Etihad Airways continues to increase the number of special flights it is operating from Abu Dhabi to several key destinations around the world, as it prepares for an eventual return to scheduled flights, subject to the lifting of current travel restrictions. Throughout May, the airline will increase frequencies on recently announced special flights from Abu Dhabi to Amsterdam, ...

DUBAI / WAM Dubai Gold & Jewellery Group (DGJG), the trade body for the gold and diamond jewellery sectorin Dubai, announced the re-opening of iconic Deira Gold Souk, in accordance with the directives by the Supreme Committee of Crisis and Disaster Management. Starting April 26, the retailers within the souk began operating at reduced trading hours – retail stores to ...

Dubai / Emirates Business ENOC Group extended its support to Emirates Red Crescent safety awareness campaign to raise awareness among the community on safety and precautionary measures to avoid the spread of Covid-19. Enoc Group provided Emirates Red Crescent an allotted space in 20 Enoc and EPPCO service stations, where volunteers distributed safety kits comprising gloves, face masks as well ...

DUBAI / WAM The branch of Dar Al Ber Society (DABS) in Ras Al Khaimah announced providing happiness for 435 families, at a total value of AED 1,743,095, in the first quarter of 2020. Ali Abdullah Al-Shehhi, director of the society’s branch in the emirate, said that the revenues of donations and charitable endowment projects during the first three months ...

ABU DHABI / WAM The value-added of the healthcare system in the emirate of Abu Dhabi amounted to AED2.865 billion in 2019, a YoY growth of 2.2 percent, with the sector’s gross fixed capital formation for same year staying at AED2.758 billion, according to Mohammed Ali Al Shorafa Al Hammadi, Chairman of Abu Dhabi Department of Economic Development. Al Hammadi ...