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Tech goes from haven to hazard as US investors fear recession

  Bloomberg Selling is picking up again in the priciest corner of the US stock market — that of fast growth technology shares — as investors whipsaw between seeking higher returns and safety. The Nasdaq 100 Stock Index is wrapping up its worst two-day drop in nearly a month as traders that flocked to the tech sector in recent weeks ...

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European stocks bounce back while Treasuries advance

  Bloomberg Markets are showing signs of recovery as traders stepped in after a selloff sparked by hawkish minutes from the Federal Reserve. Europe’s Stoxx 600 gained 0.4%, boosted by a rally in shares of Atlantia SpA, the billionaire Benettons’ highway and airport group. Atlantia added 10% in Italian trading after Global Infrastructure Partnersand Brookfield Asset Management Inc said they ...

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Dewa IPO to become largest ever in UAE, EMEA region so far in 2022

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

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