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Adani rout drags India’s weighting in EM Index

  Bloomberg India’s weighting in MSCI’s emerging-market benchmark dropped after the brutal selloff in Adani group’s stocks, giving away its second spot to Taiwan after a rally in the latter’s market. As of the end of January, Taiwan’s weighting in the MSCI Emerging Markets Index rose to 14.2%, behind leader China’s 31.2%, while India’s fell to the third spot with ...

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World Government Summit to discuss future ideas, strategies

  Dubai / WAM The World Government Summit 2023 will be held in Dubai from February 13-15, under the slogan “Shaping Future Governments”. The summit witnesses the participation of presidents, governments, ministers, officials, heads of international organisations and companies, thought leaders, global experts and prominent business leaders from the private sector. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs ...

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Oil market faces production issue in 2024, says Goldman

Bloomberg Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as spare production capacity runs out, according to Goldman Sachs Group Inc. With sanctions likely to cause Russian oil exports to drop and Chinese demand expected to recover as the country ends its Covid Zero policy, prices will rise above ...

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