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China’s internet stocks face more pain, top global investors say

Bloomberg After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead. GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet stocks over the next few months. The Hang Seng Tech ...

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Oil sees best week since March on improving demand outlook

Bloomberg Oil posted the biggest weekly gain since early March as economic data in the US and China strengthened expectations for a recovery in global fuel demand. Futures in New York advanced 6.4% this week, despite eking out a small loss last week. On the heels of robust economic figures out of the US, data from China showed its gross ...

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Dubai Customs completes 5m transactions in Q1 2021

DUBAi / WAM Dubai Customs announced the completion of five million transactions in the first quarter of this year, according to latest figures. This is equivalent to the double number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed, according to a Dubai Customs statement on Saturday. ...

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