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Stocks fluctuate as oil’s climb adds to interest rate concerns

BLOOMBERG Stocks fluctuated as traders braced for a potentially hawkish message from major central banks meeting to set interest rates. Benchmark Brent crude oil topped $95 a barrel for the first time since November, adding to concerns about inflation. Oil giants TotalEnergies SE, BP Plc and Shell Plc were among the biggest contributors to gains in Europe’s Stoxx 600 benchmark, ...

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China’s equity rout puts at risk $5bn worth of derivatives by Koreans

BLOOMBERG The persistent weakness in Chinese stocks listed in Hong Kong augurs ill for risk-loving retail investors in South Korea, given their exposure to the market through complicated structured products. Equity-linked securities, or ELS, worth 7 trillion won ($5.3 billion) — mostly tied to the Hang Seng China Enterprises Index — were at risk of capital losses as of end-June, ...

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Khaled bin Mohamed bin Zayed launches new vision and strategy for Abu Dhabi Media Network

ABU DHABI/ AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has launched the new vision and strategy for Abu Dhabi Media Network, during a launch ceremony held today at Abu Dhabi National Theatre. During the event, His Highness endorsed a detailed overview of the new ...

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