Bloomberg Bangladesh’s benchmark equity index rose after stock markets opened following a two-month trading halt, as investors bet the government ending a nationwide lockdown will revive economic growth. The DSE Broad Index advanced 1.3% Dhaka on Sunday, rising to its highest level since March 12. Stocks last traded on March 25, marking the longest trading halt since 1976. Investors are ...

Bloomberg Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero. Crude surged about 88% in May, with US futures rising above $35 a barrel for the first time since March, driven by massive supply curbs by producers across the world. Still, prices are well below levels at the start ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) issued its guidance to financial institutions on the application of International Financial Reporting Standard 9 (IFRS 9). The guidance has been issued after a consultation with stakeholders in the financial sector. The objective of IFRS9 guidance is to ensure that credit losses resulting from the consequences of Covid-19 pandemic ...