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China’s big four state banks to slash dollar deposit rates

BLOOMBERG  China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low. The banks have lowered the ceiling on the rates — which are a spread over the US Secured Overnight ...

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UAE signs air services agreement with Peru

LIMA / PERU / WAM The UAE and the Republic of Peru signed an air services agreement, with Mohammed Abdullah Al Shamsi, UAE ambassador to the Republic of Peru, signing on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru. This agreement will open new horizons for cooperation between the two countries and promote intra-trade. Al ...

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Abu Dhabi’s Mubadala, SailGP embark on new partnership

LONDON / WAM SailGP, the world’s most exciting race on water, has announced a new partnership with Mubadala Investment Company, an Abu Dhabi-based international investor, as Global Series Partner. This collaboration brings together two leading-edge organisations, building on Mubadala’s successful two-year tenure as the SailGP Season Grand Final title partner in San Francisco. The new partnership extends for the next ...

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