Recent Posts

Stock gains fizzle, traders watch central bankers

Markets open after losing nearly 700 points on concerns fed will keep interest rates high

BLOOMBERG The rally in stocks sputtered with traders once again watching policy makers for clues on whether they’ll dial back their higher-for-longer stance on interest rates. Europe’s Stoxx 600 index slipped 0.3% and US equity futures traded flat. Oil hovered near a three-month low after plunging almost 7% over the previous two sessions. Yields on 10-year Treasuries held below 4.5%.  ...

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Bitcoin rallies past Terra crash level in win for bruised bulls

Crypto in the self proclaimed bitcoin city of arnhem

BLOOMBERG It took just over 18 months, but Bitcoin is finally back to where it traded before the event that precipitated the last crypto crash. The dominant cryptocurrency rose as much as 3.6% to $36,856 on Thursday. That’s the highest since May 6, 2022 — just before the TerraUSD stablecoin collapsed and ignited a daisy chain of failures across the ...

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DEWA reports record revenue of AED9.4bn in Q3’23

DUBAI / WAM Dubai Electricity and Water Authority PJSC (DEWA) today reported its third quarter 2023 (Q3’23) consolidated financial results, with a record quarterly revenue of AED 9.4 billion, an operating profit of AED AED 3.7 billion, and EBITDA of AED 5.2 billion. For the first nine months, DEWA’s consolidated revenue totalled AED 22.2 billion, with an operating profit of ...

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