Bloomberg Kroger Co., battered for months by intense grocery competition as Amazon.com Inc. muscles into the industry, has finally given investors cause for optimism. The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business, an attempt to capitalise on a merger wave in that field. The operation, which spans ...

ABU DHABI / WAM UAE stock markets secured decent gains of AED5.4 billion at the close of Wednesday session, driven by high sentiments and a selective buying spree at the realty, banking and telecommunications sectors, with ADX General Index up 0.96 percent to 4514 points and DFM General Index increasing 0.80 percent to close at 3637, as compared to Tuesday’s ...

ABU DHABI / WAM Standard & Poor’s has forecast Abu Dhabi GDP to rise to AED850 billion and AED890 billion at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and non-oil sectors since the beginning of this year. The credit ratings agency expected the emirate’s per capital GDP to amount to ...