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Global stocks extend rally as oil reverses losses

BLOOMBERG Global stocks rallied for a fifth day and oil climbed, while the dollar reversed gains, and Singapore’s currency dropped as the city state unexpectedly loosened monetary policy. The Stoxx Europe 600 Index rose as Nestle SA led a surge in food companies, after Asian equities posted their longest rally in a year, while Standard & Poor’s Index futures were ...

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Emirates Securities Market up by 1.49 percent

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.49% to close at 4631.26 points. Accordingly the Market Capitalization has gained AED 11.02 billion attaining AED 751.25 billion. A total of 0.68 Billion Shares were traded with a total value of AED 1.25 billion during the trading session of 14-04-2016 through 9997 transactions. The number of companies ...

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MUFG chief flays BOJ strategy

  Tokyo / Bloomberg The top executive of Japan’s biggest bank delivered a rare criticism of the central bank, saying its negative interest-rate policy has contributed to anxiety among households and companies and prolonging it may weaken financial institutions. “Both households and businesses have become skeptical about the effectiveness of policy measures to address the current economic problems,” Nobuyuki Hirano, ...

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