BLOOMBERG US futures and European stocks advanced, bouncing from losses, ahead of a Federal Reserve meeting at which policymakers are expected to extend their rate-hike cycle. Contracts on the S&P 500 and the Dow were higher, after underlying stocks slid in the prior session. Regional US lenders PacWest Bancorp and Western Alliance Bancorp fell in premarket trading, adding to the ...

BLOOMBERG Investors have added almost $600 million to bets that an emerging-market index dominated by Chinese stocks will lose money. Short selling of the $71 billion Vanguard FTSE Emerging Markets exchange traded fund (ETF), which tracks an index heavy on Chinese A shares, surged in the past six weeks to $1.12 billion, or 1.6% of the fund, according to IHS ...

ABU DHABI / WAM Aldar Properties has announced a series of achievements and strategic initiatives in its latest quarterly report. The company’s strong performance was driven by increased demand from both international and resident expat buyers, with record quarterly development sales of AED4.5 billion. Aldar’s development revenue backlog also hit an all-time high of AED18.8 billion, which provides visibility over ...