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Europe stocks drop with futures, dollar advances

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Bloomberg European stocks dropped with US futures on Wednesday as risks from a highly infectious coronavirus strain appeared to outweigh growing confidence in the global economic recovery. The Stoxx Europe 600 Index declined 0.7%, with cyclical shares bearing the brunt of the losses. Airlines struggled as fears of the more contagious Delta variant continue to spur tourism curbs in the ...

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Asia startups facing tougher IPO market as Krafton deal looms

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Bloomberg Asia’s stock listing aspirants will likely face a less generous market following a first-half sales boom, as bubbly valuations and nervousness about US monetary policy make investors more cautious. Firms in Asia have raised $82 billion through initial public offerings so far this year, the most ever for a first half, and beating the previous record of $63 billion ...

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Etihad Rail chief inaugurates Abu Dhabi-Dubai track laying

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ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has inaugurated track-laying works at the Seih Shuaib site, which is the centre point for track-laying running to Abu Dhabi and Dubai. Sheikh Theyab reviewed the latest progress during a 10-kilometre trip aboard an inspection ...

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