ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.56% to close at 4356.37 points. Accordingly the Market Capitalization has gained AED 10.82 billion AED attaining AED 706.66 billion. A total of 1.63 billion Shares were traded with a total value of AED 2.05 billion during the trading session of 2016-02-29 through 17932 transactions. The number of companies ...

BEIJING / Bloomberg The Chinese economy is pock-marked with companies that can’t pay their bills and survive only with government help. Jiangshi, the Chinese call them — ‘vampire companies’ or ‘zombies’. These ghoulish companies and their debts are hindering the world’s second-biggest economy and will likely do so for years. Companies that miss debt payments inflict losses on banks, which then ...

Bloomberg Barclays Plc Chief Executive Officer Jes Staley, poised to announce the fate of the lender’s African business, must convince investors he can improve the investment bank’s profits just as slumping trading revenue batters the industry. Staley is leaning toward maintaining the securities unit without pursuing a major restructuring or spinning off the business, according to people familiar with the ...