BLOOMBERG It’s a familiar pattern that’s played out time and again during China’s stock market rout this year: Bold policy steps to rejuvenate the economy spark a flicker of enthusiasm at the start of the trading day but the recovery fails to last and concern swiftly returns to the troubled property sector. Such was the price action that greeted the …

BLOOMBERG US equity-index futures dropped after Microsoft Corp and Google’s parent Alphabet Inc delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a smaller than expected profit. Microsoft, on the other hand, …

ABU DHABI/ WAM The National Marine Dredging Company (NMDC) announced its record growth rates in net profits during the third quarter of 2023, reaching AED1.513 billion for the first nine months. This reflects the organisation’s leading position in the local, regional and global markets, as well as its strategic role in implementing major vital projects by enhancing its competitiveness and …