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Buzzing Hong Kong’s declining port heralds a grim future

A little more than a decade ago, Hong Kong was the world’s busiest port. Giant vessels competed to get into the city’s berths, waiting to load and unload containers filled with goods manufactured just over the border in China’s factory towns. Back then, Hong Kong still expected that its freewheeling commercial culture could change China for the better. And trading ...

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Dollar rallies into Fed meeting; Oil rises, stocks remain stable

BLOOMBERG The dollar extended its best run of gains in a month and oil rallied before the Federal Reserve’s policy review on Wednesday that may shed light on the timing of U.S. interest-rate increases. America’s currency climbed versus the yen after Bank of Japan Governor Haruhiko Kuroda said the Asian nation’s key rate could theoretically drop to minus 0.5 percent. ...

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Emirates Securities Market down by -0.66 percent

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.66% to close at 4443.67 points. Accordingly the Market Capitalization has lost AED 4.81 billion attaining AED 720.82 billion. A total of 0.59 Billion Shares were traded with a total value of 0.84 Billion AED during the trading session of 16-03-2016 through 8618 transactions. The number of companies which ...

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