ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.46% to close at 4503.17 points. Accordingly the Market Capitalization has gained AED 3.32 billion attaining AED 730.47 billion. A total of 0.53 Billion Shares were traded with a total value of AED 0.69 billion during the trading session of 2016-03-31 through 7108 transactions. The number of companies which ...

Tokyo / Reuters Global banking regulators will avoid forcing banks to set aside money to cover the risk of higher interest rates, two people with direct knowledge of their deliberations said, easing concerns among some banks about the potentially high costs of holding government bonds and long-term loans. The Basel Committee, a body of banking supervisors from nearly 30 countries, ...

Bloomberg State Bank of India, the country’s largest lender, announced loan rates based on marginal cost of funds as the nation’s central bank pushes for faster pass-through of cuts in its borrowing benchmark. The Mumbai-based bank set charges for seven maturities, varying from 8.95 percent for overnight lending to 9.35 percent for three years, a statement posted Monday on its ...