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European stocks drift with US futures as gold advances

Bloomberg European stocks struggled for traction with US equity futures as the Trump administration stoked tensions with Beijing by announcing new restrictions on Huawei Technologies Co. A dollar gauge slid to the lowest since 2018. Jewellery maker Pandora A/S led losses in the Stoxx Europe 600 Index after saying sales may contract as much as 20% this year. Asian chipmakers ...

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High yields can’t stop global fund exodus from Indian bonds

Bloomberg Global funds used to clamour for more access to India’s debt markets. The high-yielding bonds are now the least popular in Asia as the nation struggles to contain the coronavirus pandemic. Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations, according to data compiled by Bloomberg. Indonesia has also ...

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Adnoc invests $3.5b to upgrade Ruwais refining capabilities

ABu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced significant progress made on its “Crude Flexibility Project” (CFP) with 73% project delivery of Adnoc’s ongoing upgrade of refining capabilities in Ruwais and strengthening the role of Ruwais as a critical driver for industrial growth for Abu Dhabi and UAE. For more than 40 years, Adnoc has predominantly ...

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