Bloomberg Didi Global Inc plunged in premarket trading after a Chinese regulator ordered the removal of the company’s platform from app stores, days after a $4.4 billion initial public offering (IPOs) in the US. Shares of the China-based tech firm fell as much as 30% to $10.90, taking them below the $14 IPO price. They traded at $11.90 as of …

Bloomberg Indian sovereign bonds slumped as the central bank’s choice of relatively illiquid papers for its bond-purchase program disappointed traders. Surging global oil prices also weighed on sentiment. The yield on the 5.63% bond maturing in 2026 rises as much as nine basis points to 5.85%, while the 6.64% 2035 bond yield climbed five basis points. The benchmark 10-year yield …

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE Ambassador to Kuwait, has met with Marzouq Ali Al-Ghanim, Speaker of the National Assembly of Kuwait, and discussed means of developing relations between the two countries along with a number of issues of common concern. During the meeting, held at Al-Ghanim’s office at the National Assembly, the ambassador affirmed the UAE’s …