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Online traders plow into Twitter with bet on the power of Musk

  Bloomberg Elon Musk moves. An army of devoted traders listens. Retail investors piled into Twitter Inc. stock, after the world’s richest person and head of Tesla Inc. roiled the financial world with an audacious bid to purchase the company for $43 billion. Musk later expressed doubt about whether the blockbuster deal will succeed, but that didn’t do much to ...

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Stocks decline as China refrains from cutting interest rate

  Bloomberg Stocks fall in Asia Friday as China unexpectedly opted against cutting a key policy interest rate, a reduction that had been widely expected to support an economy hamstrung by Covid-19 lockdowns. Equities were mixed on the mainland and fell in Japan and South Korea, among the few markets open amid Easter holidays. China has indicated it will reduce ...

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UAE’s executive to chair Arab Union for Industrial Exports Development

  Dubai / WAM Mohammad Ali Al Kamali, Deputy CEO of Dubai Industries and Exports, an agency of the Department of Economy and Tourism (DET) in Dubai, was announced as President of the next session of the Arab Union for Industrial Exports Development (AUIED). The announcement was made during the ninth General Assembly of AUIED, which concluded in Dubai alongside ...

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