ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.05% to close at 4485.89 points. Accordingly the Market Capitalization has lost AED 7.73 billion attaining AED 727.67 billion. A total of 1.04 billion Shares were traded with a total value of AED 1.3 billion during the trading session of 20-03-2016 through 11253 transactions. The number of companies which ...

Beijing / Bloomberg People’s Bank of China (PBOC) Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets. China still has a problem with illegal fundraising and financial services are insufficient, Zhou said in a speech at ...

BLOOMBERG Banco Popolare SC Chief Executive Officer Pier Francesco Saviotti is studying options including a potential capital increase to meet the European Central Bank’s (ECB’s) requests to back its planned merger with Banca Popolare di Milano Scarl. “Our capital is sound, but considering that we want to do the deal and that the ECB insists in taking actions to improve ...