Abu Dhabi / WAM The Abu Dhabi Music and Arts Foundation (ADMAF) signed a Letter of Cooperation (LoC) with London’s Southbank Centre, the world’s largest festival site, home to the Royal festival Hall, Queen Elizabeth hall, Purcell Room and Hayward Gallery, and four world-class orchestras. Acknowledging common principles, goals and areas of common interest for joint collaboration in culture and ...

  Bloomberg The chief negotiator of a 16-nation Asia trade pact expressed hope that talks can be concluded this year if member nations refrain from introducing elements of a separate deal derailed by US President Donald Trump. Iman Pambagyo, trade negotiating committee chief for the Regional Comprehensive Economic Partnership, said that governments had the political will to conclude the deal ...

  Bloomberg This week’s squeeze in Chinese money markets is proving especially painful for the country’s shadow banks. While interbank borrowing rates have climbed across the board, the surge has been unusually steep for non-bank institutions, including securities companies and investment firms. They’re now paying what amounts to a record premium for short-term funds relative to large Chinese banks, according ...