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Stocks fall on weak China data

BLOOMBERG Markets fell broadly after Swedish landlord SBB halted dividends and economic data from China was weaker than expected. European stocks and US futures traded lower, along with oil. SBB shares lost 5.5%, adding to a 20% plunge on May 8, with investors increasingly worried about the effects of a funding squeeze across the real estate industry. Sentiment was also ...

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After $1.8 billion of outflows, Thailand is set for election boost

BLOOMBERG Thai investors are pinning their hopes on the general election to revive stocks in Asia’s worst-performing market this year, as parties across the spectrum promise tens of billions of dollars in economic stimulus. The benchmark SET Index has slumped 6.4% in 2023, defying expectations that it will repeat a rally seen in the run-up to prior elections. Instead, foreign ...

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Etihad Cargo partners with Rotate

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has partnered with Rotate to co-develop a sales optimisation tool that will identify sales initiatives to enable the carrier’s global commercial teams and sales representatives to add value to customer relationships. The first-of-its-kind tool—Sales Cockpit— will analyse data and, using sophisticated custom-built algorithms, will automatically generate ...

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