Earlier this month, when Indian Defense Minister Manohar Parrikar and U.S. Defense Secretary Ashton Carter agreed in principle to sign a logistics support agreement (LSA) intended to enhance military ties, many in India wondered if the pact would push the country into an unnecessarily tight embrace with the United States. More importantly, they worried that an increasingly assertive China …

  BLOOMBERG Even when they do nothing, central banks have the power to surprise and bewilder. The yen surged the most since August and the Topix Index lost more than 3 percent as equities worldwide fell after the Bank of Japan refrained from adding to its monetary stimulus. U.S. stock futures remained lower and Treasuries erased gains after data showed …

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.75% to close at 4622.61 points. Accordingly the Market Capitalization has lost AED 5.7 billion attaining AED 749.85 billion. A total of 473.36 Million Shares were traded with a total value of AED 0.75 billion during the trading session of 28-04-2016 through 6558 transactions. The number of companies …