BLOOMBERG Japan’s currency dropped towards a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern. Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading ...

BLOOMBERG Stocks and bonds declined as concern grew that China’s faltering recovery and debt problems will spread to the global economy. Instead of reassuring investors, China’s surprise rate cut only deepened anxiety about policy steps to revive growth, driving Europe’s Stoxx 600 index down as much as 1.2% to the lowest in a month. US equity futures pointed to a ...

ABU DHABI / WAM Before President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Zayed bin Khalifa bin Sultan bin Shakhboot Al Nahyan, the UAE’s ambassador-designate to Qatar, and Salem Ibrahim bin Ahmed Mohamed Al-Naqbi, the UAE’s ambassador-designate to Kenya, took their oaths on Monday. During the oath-taking ceremony at Qasr Al-Shati, His Highness the President wished the two ...