BLOOMBERG Nordea Asset Management AB bought financial stocks in Asia amid this month’s global rout in the sector, as it remains optimistic about their earnings growth prospects. |“We have added to our insurance holdings in Asia,” Hilde Jenssen, Nordea’s head of fundamental equities, said in an interview in Singapore. “It’s clear when half a trillion is wiped off in market …

BLOOMBERG European shares rallied for a second day and US futures pointed to a firmer open for Wall Street as steps to shore up the financial system helped restore confidence. The Stoxx Europe 600 jumped as much as 1.4%, buoyed by a 3.5% jump in an index of banking shares. Futures for the S&P 500 climbed after a report that …

DUBAI / GULF TIME REDTAG, the Middle East’s leading value-fashion and homeware brand, announced its Ramadan offerings, which include a new line of modest festive wear, free gifts, and vouchers. The limited-period offers will run between March 19 and April 22, bearing REDTAG’s promise of uncompromising value and embodying its time-honoured tradition of specialised offerings during Ramadan. Starting March 19, …