Bloomberg US equity futures advanced alongside global stocks after the US and China were said to close in on a trade deal that may end American tariffs in return for Chinese concessions. The dollar edged higher with Treasuries, while commodities were mixed. Gains in media and construction shares led the Stoxx Europe 600 Index to the highest level in five ...

Bloomberg News that the US and China are near a trade deal that could lift most or all American tariffs did little to bring out the animal spirits from Asia stock traders. But when China said “substantial progress” was made, that appeared to do the trick. The MSCI Asia Pacific Index spiked up around 11:24 a.m. in Hong Kong, with ...

ABU DHABI / WAM A total of AED18.7 billion of dividends have been proposed by as many as 18 listed UAE national banks for 2018, 12.2 percent up from AED16.66 billion in 2017. The growth in dividend distribution reflects robust solvency position of UAE banking sector, reckoned among Mena’s most resilient with estimated AED2.9 trillion of assets by 2018-end. The ...