BLOOMBERG Chinese banking stocks are surfing a tide of optimism not seen since the nation’s 2015 equity bubble, as traders look to state lenders to galvanise a long-awaited market rally. The CSI 300 Financials Index jumped for a fifth session to reach its highest level since April 2022, adding $166 billion in market value in the process. The gains were ...

ABU DHABI / WAM An evacuation plane carrying 178 nationals from seven countries arrived in the UAE this afternoon from Sudan, which has experienced clashes since mid-April. The plane carried the most vulnerable groups of the sick, children, the elderly, and women, as the UAE has placed them at the top of its priorities. Among those evacuated onboard the flight ...

BLOOMBERG British households and businesses pulled almost £11 billion ($13.8 billion) out from banks in March as panic spread from the collapse of Silicon Valley Bank (SVB) and the takeover of Credit Suisse Group AG. Households took out almost $6.32 billion (£5 billion) from bank accounts in the first decline in deposits in almost five years, Bank of England (BOE) ...