BLOOMBERG Deep in the bowels of Wall Street there’s a surprisingly successful counterfeiting operation underway: The world’s largest banks have created a booming business churning out imitation quant trades. JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley are among those hawking the products, which are known by the deceptively dreary name “quantitative investment strategies” (QIS). It’s the …

BLOOMBERG Shares of Adani Group companies rallied, trimming their losses for the week, after a panel appointed by India’s Supreme Court found no conclusive evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Flagship Adani Enterprises Ltd surged 3.5% on the court findings. Other group entities like Adani Transmission Ltd, and Adani Power Ltd closed higher by …

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a written letter to Sultan Haitham bin Tariq of Oman, which included an invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will take place at Expo City Dubai this November. The message was delivered by Mohammed bin …