Bloomberg The Bloomberg Dollar Spot Index extended its Asia session gain with investors continuing to unwind their short dollar exposure across the board as the gauge rebounded from its lowest level since January 2015. The greenback’s relief rally saw the euro slide a second day, set for its first two-day decline in two weeks. Euro-dollar was 0.2 percent lower at ...

Bloomberg Russia’s slow-motion banking crisis claimed its biggest victim yet, forcing the central bank to provide support for other lenders to prevent panic from spreading. Bank Otkritie FC, a month removed from being Russia’s biggest private lender, was taken over by a government-backed fund set up by the central bank to consolidate the sector. The move will place at least ...

Dubai / WAM Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, says Moody’s Investors Service in a new report. The four banks, First Abu Dhabi Bank PJSC (FAB), Emirates NBD PJSC (ENBD), Abu Dhabi Commercial Bank (ADCB) and Dubai ...