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Stocks gain on positive earnings updates and China stimulus

BLOOMBERG Stocks gained as investors rewarded companies for positive earnings updates and as China’s latest move to stimulate its economy boosted resources shares. Europe’s Stoxx 600 index climbed 0.8% as mining stocks jumped the most in almost six weeks after the People’s Bank of China said it would cut the reserve requirement ratio for banks on February 5. The move ...

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Global funds sell most India stocks since 2022 ‘rally’

BLOOMBERG Indian stocks notched their biggest outflow of foreign investor funds in 19 months, as some profits were booked after a record-breaking rally. Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022. They sold another $374 million, according to provisional data, as trading resumed after the surprise trading holiday announcement. ...

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ERDC launches National R&D Leadership Programme

DUBAI / WAM The Emirates Research Development Council (ERDC) has launched the National Research and Development Leadership Programme, marking a significant milestone in the UAE’s pursuit of an innovation- and knowledge-based economy. Overseen by the Ministry of Industry and Advanced Technology’s General Secretariat team, the programme has been launched in collaboration with the Advanced Technology Research Council (ATRC) and Mohammed ...

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