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Bond sales wake from slumber as Fed talk jolts emerging markets

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Bloomberg Emerging-market bond sales are springing back to life before this week’s Federal Reserve meeting, as renewed speculation over imminent tapering prompts borrowers to raise money while it’s still cheap. The past week shattered a summer lull for dollar- and euro-denominated debt, bringing $36 billion of issuance from governments and companies after the previous 10 weeks saw only $90 billion ...

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Stocks slump amid Fed, China risks; dollar gains

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Bloomberg Stocks in Europe plunged and US equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. The Stoxx Europe 600 index dropped 1.6%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron ...

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UAE’s ERC inaugurates multiple development projects in Comoros

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MORONI / WAM The Emirates Red Crescent (ERC) inaugurated several development projects to support the victims of Tropical Cyclone Kenneth that struck the Comoros Islands three years ago. Some 280,000 people will benefit from the projects, which aim to support the health and education sectors by reinforcing their capacities and improving their services. The projects include the construction and maintenance ...

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