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Hedge funds headed to quarantine stocks in Q1

Bloomberg As the world began to go into lockdown, the biggest money managers loaded up on quarantine stocks. Netflix Inc., Peloton Interactive Inc., Amazon.com Inc. and Zoom Video Communications Inc. were some of the most sought-after names in the first quarter, according to regulatory filings. George Soros, Stan Druckenmiller and Philippe Laffont were among the managers piling into such stocks. ...

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Opec+ dazzles oil market with swift delivery of supply cuts

Bloomberg In the face of an unprecedented oil market collapse, Opec+ is responding with an urgency never seen before. With unusual speed, the alliance is launching an unparalleled program of production cutbacks this month to offset the slump induced by coronavirus pandemic. The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output — ...

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Mohamed offers condolences to Ahmed Al Haj Al Habroush

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Ahmed Al Haj Abdullah Al Habroush on the death of his mother. In a phone call, His Highness Sheikh Mohamed expressed his heartfelt sympathy to the family of the deceased, ...

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