BLOOMBERG The offshore yuan weakened toward its lowest on record against the dollar, as a cut to the daily reference rate for the managed currency stoked bets China is comfortable with a gradual depreciation. China’s currency declined as low as 7.3623 per dollar in overseas trading, beyond the psychologically important level of 7.35 and close to the weakest since the ...

BLOOMBERG The dollar pulled back from a six-month high as dovish comments from Federal Reserve officials revived speculation that the central bank may keep interest rates at current levels. The Bloomberg Dollar Spot Index retreated 0.1%. The moves came after Fed Bank of New York President John Williams said in a discussion on Thursday that US monetary policy is “in ...

ABU DHABI / WAM Tabreed has signed a memorandum of understanding (MoU) with the regional Indian Government of Telangana to explore developing and investing in district cooling infrastructure in Hyderabad, India. The MoU was signed during a ceremony in Dubai in the presence of Khalid Al Marzooqi, CEO of Tabreed; KT Rama Rao, Telangana Minister for Information Technology and Industries; ...