Bloomberg A sell-off of technology shares in the US is reverberating in Canada, even though the sector makes up only a 10th of the nation’s stock market. The small contribution of tech stocks to Canada’s market helped the S&P/TSX Composite Index outperform its US counterpart: Canada was down 1.5%, while the S&P 500 Index plunged 3.5%. But as the rout ...

Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the restructuring of the Board of Directors of the Emirates Development Bank under the chairmanship of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology. The ...

Bloomberg Oil in New York closed below $40 a barrel for the first time in a month as a selloff in broader markets exacerbated concerns over weakening demand following a sluggish summer driving season. US benchmark crude futures tumbled nearly 4%, leading oil to post its worst week since June. Stocks weakened and the S&P 500 Index dropped more than ...