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Capital flight delivers a verdict on China’s economy

China’s growth is slowing, probably for good. But the form that the slowdown is taking isn’t yet known. The question is whether China’s troubles will be more like a typical emerging-market crisis, or more like the typical bust in a large developed country. Every nation undergoes a growth slump at some point. For good background on the phenomenon, check out ...

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Emirates Securities Market up by 0.86 percent

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.86% to close at 4393.75 points. Accordingly the Market Capitalization has gained AED 6.06 billion attaining AED 712.72 billion. A total of 1.56 billion shares were traded with a total value of AED 2.19 billion during the trading session of 01-3-2016 through 17600 transactions. The number of companies which ...

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Stocks buoyed by China boost as crude oil climbs above $34

Bloomberg Global stocks rallied with U.S. equity futures, emerging-market currencies rose and crude oil climbed to an eight-week high as monetary stimulus in China brightened prospects for the world’s second-largest economy. Benchmark share indexes advanced across Asia after the People’s Bank of China cut lenders’ reserve requirements, freeing up funds to help spur lending. Russia’s ruble and South Africa’s rand ...

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