Stocks

ABU DHABI / WAM The UAE stock exchanges gained AED7.5 billion in market cap on Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. The shares of the ADX-listed ADCB and Union National Bank therefore closed high at AED8.00 and AED4.34 respectively, following robust demand by investment agencies ...

Bloomberg US stocks pared losses after a gauge of US manufacturing hit a 14-year high, bolstering confidence in the world’s largest economy. The dollar climbed as trade tensions persisted and emerging markets remained under pressure. The S&P 500 was little changed after falling as much as 0.5 percent. Nike Inc. fell amid a politically controversial ad campaign and Facebook Inc. ...

Bloomberg South Africa’s rand headed for its weakest level in more than two years after data showed the country’s economy had slipped into a recession for the first time since 2009. Government bonds fell the most in 10 months as credit risk jumped and stocks took a hit. The rand slumped as much as 3.2 percent, leading emerging-market currency declines ...

Bloomberg Stocks were steady in Europe on Monday while US futures climbed and emerging market shares dropped as investors assessed the complex outlook for international trade. The pound fell as the UK’s flagship Brexit proposal came under attack. Gains in energy shares were offset by declines in automakers and construction firms in thin trading on the Stoxx Europe 600 Index, ...

Bloomberg Another thousand-point milestone is within reach for India’s benchmark equity index. Following the drubbing earlier this year, the S&P BSE Sensex is nearing the 39,000 level, the gauge’s third round-number mark since surpassing its life-time peak two months ago — a rally that’s helped the gauge cement the tag of Asia’s best performer this year. While there’s optimism that ...

Bloomberg OK, Wall Street, back to work. The stock market crash you feared while guiltily snoozing through August on the beach may not have materialised but there are a few things you need to know about. First the good news. While firms from Goldman Sachs to Voya Asset Management warned everyone in July about the risk of late-summer turbulence and ...

Bloomberg Russia kept pumping oil near post-Soviet records last month as it reaped benefits from a deal with OPEC easing output caps and oil prices at an all-time high in rubles. The nation extracted an average of 11.21 million barrels of crude per day in August, according to data emailed by the Russian Energy Ministry’s CDU-TEK unit. Volumes were little ...

Bloomberg US stocks plowed to new records, with technology shares pacing gains, as investors speculated the Trump administration will make progress on trade spats. The pound rallied after the European Union revived hopes of a Brexit deal before the UK exits the common area in March. The S&P 500 Index jumped past 2,900, a level it first breached on Tuesday, ...

Bloomberg Chinese investors have dumped Hong Kong stocks at a record clip this month, as the city’s equity benchmark tumbled to its lowest in a year. Mainland investors sold net HK$25.4 billion ($3.2 billion) of Hong Kong equities in August through Tuesday, according to Bloomberg calculations based on daily turnover data. That’s the biggest monthly selling figure since China opened ...

Bloomberg US stocks churned near all-time highs, while Treasury yields climbed as investors assessed the latest developments from the Trump administration’s trade policies. The S&P 500 clung to a record after opening above 2,900 for the first time. Rate-sensitive shares retreated as the 10-year Treasury yield moved towards 2.90 percent. The Mexican peso failed to hold onto Monday’s gains as ...