Bloomberg Investors have resumed shunning global stocks in favour of bonds, according to Bank of America Corp. (BofA) strategists, who say the time is right to step back from US equities after the strong rally in July. Global equity funds had outflows of $2.6 billion in the week through August 3, according to a note from the bank, after ...

Bloomberg Bitcoin rises as global stocks neared a two-month high and in advance of the US payrolls report. The largest cryptocurrency rose as much as 4% to $23,422 on Friday, staying within the range of around $19,000 to $25,000 that’s held it since mid-June. Ether was up as much as 5.4% to $1,678. “The majors continue to trade in a ...

  ABU DHABI / WAM The UAE’s citizens’ housing file in 2022 has achieved significant regulatory progress, and attained massive financial allocations for federal and local plans and projects amounting to some AED25.28 billion. On June 5, President His Highness Sheikh Mohamed bin Zayed Al Nahyan ordered the completion of the housing grants from previous years’ worth AED2.3 billion, as ...