Bloomberg Emerging markets are well positioned to stare down a US recession and may even be able to lure investors their way. That’s the message from money managers including JPMorgan Chase & Co. and Deutsche Bank AG even as fears of a contraction in the world’s largest economy spark a dash into Treasuries and other haven assets. Beyond the ...

Bloomberg India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India (PTI) reported. The federal government’s latest levies could help it recoup most of the revenues lost from fuel excise duty cuts announced in May this year, according to the news agency, citing ...

  ABU DHABI / WAM The UAE has expressed its sincere condolences and solidarity with the Islamic Republic of Iran over the earthquake that struck the south of the country, and caused dozens of casualties. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its sincere condolences to the government of Iran and its people, and to the families ...