BLOOMBERG Emerging-market shares have value as bonds are losing their buffer because of US rates volatility, according to analysts at Goldman Sachs Group Inc. With rising nominal interest rates, local fixed income securities “no longer appear to have much cushion” with fluctuations in US rates, strategists led by London-based Kamakshya Trivedi wrote in a note. MSCI Inc.’s index of developing …

BLOOMBERG Global stocks retreated on Thursday, and Treasury yields held near the key 4% mark as investors priced the likelihood of higher interest rates and a looming US recession. Futures on the S&P 500 slipped 0.3% and those on the rate-sensitive Nasdaq slid 0.6%. Chipmakers Nvidia Corp and Advanced Micro Devices Inc fell about 0.7% in pre-market trading, while Tesla …

DUBAI / GULF TIME Dubai Tourism has honoured Dr Jamal Jomah, founder and leader of Med Art Clinics and the president of Arab Association for Surgical and Aesthetics Medicine in Dubai, as one of its Al Safeer Congress Ambassadors. The Al Safeer Congress Ambassador Programme members have been leading the way in bidding for and winning significant international conferences and …