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US futures rise, bonds slide

BLOOMBERG Policy-sensitive Treasury notes fell and US stock futures advanced after a solid March jobs report did little to alter views on the Federal Reserve’s next policy move. Futures on the S&P 500 erased losses to trade higher, while the two-year Treasury yield jumped 11 basis points to 3.94% after the March jobs report showed payroll growth moderated, while wages ...

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India seeks to deepen forex markets with onshore NDFs

BLOOMBERG India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in Gift City in Gujarat — will be permitted to offer non-deliverable ...

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Abdullah bin Zayed, Albania PM witness signing of cooperation agreement

TIRANA / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Edi Rama, Prime Minister of the Republic of Albania, have emphasised on the privileged relations between the two nations, This came as the UAE top diplomat met with the Albanian Premier here where he conveyed the greetings of President His Highness Sheikh Mohamed ...

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