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China’s stock benchmark falls back to key 5,000 support level

Bloomberg China’s equity benchmark edged back towards its 2021 low, briefly piercing through a key support level as traders sold everything from electronic cigarette stocks to raw-materials firms amid broader concerns over earnings and valuations. The CSI 300 Index falls 1% to close at 5,009.25 points, extending its decline from this year’s peak to nearly 14% just days after the ...

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Europe stocks fall amid lockdown woes; bonds rise

Bloomberg European stocks dropped on Tuesday as a planned lockdown in Germany amid a resurgence of virus cases cast doubt on the region’s nascent economic recovery. The Stoxx 600 Index falls 0.5%, dragged lower by travel shares and cyclicals as Chancellor Angela Merkel put Germany into hard lockdown over Easter to try to defuse another wave of infections. The move ...

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Mubadala, Snam join hands for hydrogen development projects

ABU DHABI / WAM Mubadala Investment Company (Mubadala) and Snam, one of the world’s leading energy infrastructure operators, signed on Monday a Memorandum of Understanding (MoU) to collaborate on joint investment and development initiatives on hydrogen. As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies to explore ...

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