Bloomberg Global funds have piled back into short selling South Korean stocks in the two weeks since authorities lifted a ban on the divisive investment strategy. While the benchmark Kospi Index has held up amid a decline in regional peers during this period, pain has been felt in Korean stocks favoured by the nation’s legions of retail traders. Short selling ...

Bloomberg Oil in New York surged the most in a month as prices garnered support from a recovery in the equities and a softer dollar. West Texas Intermediate climbed back above $65 a barrel, eking out a third straight weekly gain as a weakening dollar boosted appeal for commodities priced in the currency. Concerns persist over spread of Covid-19 in ...

ABU DHABI / WAM The UAE has strongly condemned the explosion that targeted a mosque in the Afghan capital Kabul, resulting in numerous deaths and injuries. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed its utter denunciation of these criminal acts and its rejection of all forms of violence and terrorism, which aim to undermine security ...