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India’s benchmark bond yields surge

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  Bloomberg India’s benchmark bond yields surged to the highest in two and a half years after the government unveiled plans to issue record amount of bonds in the next financial year. The selloff was exacerbated as the annual budget announcement lacked the widely expected measures to facilitate inclusion of the nation’s debt into global bond indexes. Elevated bond sales ...

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UAE destroys ballistic missile from Houthis

  ABU DHABI / WAM The UAE’s Ministry of Defence (MoD) announced on Monday that its air defence forces had intercepted and destroyed a ballistic missile launched by the Houthi terrorist group at the UAE. The ministry confirmed in a statement that “there were no casualties resulting from the attack and the fragments of the ballistic missile fell in different ...

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