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Taqa shares extend that defied record annual loss

  Bloomberg Shares in Abu Dhabi National Energy Co., the oil company known as Taqa, extended gains that drove them to a two-month high even after announcing a record earnings loss. The stock rose 7.7 percent to 0.56 dirham as of 10:32 a.m. in Abu Dhabi, adding to the previous day’s 13 percent advance. Trading volume was about 30 times ...

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Shares in Turkish chocolate firm tumble

  Bloomberg Shares in the sister company of Godiva Chocolatier Inc. plunged in Istanbul after an April Fools’ Day-themed commercial went wrong. The confectioner, Ulker Biskuvi AS, faced an immediate and intense backlash to its 50-second animated clip, with protesters including a government lawmaker gathering outside President Recep Tayyip Erdogan’s Istanbul residence over the weekend. The politician, Metin Kulunk, said ...

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Japan stocks rise on first day of fiscal year

  Bloomberg Japanese stock benchmarks advanced on their first trading day of the new fiscal year as industries focused on Japan’s domestic economy helped prop up the market. The Topix rose 0.3 percent, as foodmakers, retailers and telecommunications companies boosted the gauge. Defensive sectors were likely to be bought after an advance in their US counterparts, Shoji Hirakawa, chief global ...

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