DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the official opening of its representative office operated by the German Arabian Advisory GmbH in Dusseldorf, Germany. Opening a representative office in one of Germany’s economic and trade centres, brings DMCC to the doorstep of European clients, and will ...

Bloomberg US stocks pared losses after a gauge of US manufacturing hit a 14-year high, bolstering confidence in the world’s largest economy. The dollar climbed as trade tensions persisted and emerging markets remained under pressure. The S&P 500 was little changed after falling as much as 0.5 percent. Nike Inc. fell amid a politically controversial ad campaign and Facebook Inc. ...

Bloomberg South Africa’s rand headed for its weakest level in more than two years after data showed the country’s economy had slipped into a recession for the first time since 2009. Government bonds fell the most in 10 months as credit risk jumped and stocks took a hit. The rand slumped as much as 3.2 percent, leading emerging-market currency declines ...