BLOOMBERG European shares rose for the first day in five as bonds recovered and a selloff sparked by rate fears abated. The Stoxx 600 ticked higher, led by technology and energy companies. US equity futures added about 0.5% and a measure of global equities fell below its 200-day moving average, suggesting stocks may be entering oversold territory after teetering on …

BLOOMBERG An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets. The currency slid to as weak as 56.98 per dollar on Wednesday, within a whisker of the closely-watched 57 level. Earlier this week, Philippine central bank …

DUBAI/ GULF TIME In a moment that defies imagination, O! Millionaire, the foremost provider of an environmentally conscious draw, has announced its latest victor – Muhammad Yousuf. Based in Saudi Arabia and hailing originally from Pakistan, Yousuf was in the UAE for a live press conference and live show where he was introduced to the audiences as the lucky winner …