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South Korea plans to extend won trading hours from next year

  Bloomberg South Korea plans to significantly extend onshore trading hours for the won next year in an effort to improve access for foreign investors. The government will work to allow dollar-won spot trading until 2 am as early as the second half of 2024, versus the current close of 3:30 pm, Finance Minister Choo Kyung-ho said during a press ...

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FTSE 100 hits record high

  Bloomberg Britain’s blue-chip stock index is trading near an all-time high in an optimistic start to 2023, adding to gains for a gauge that managed to avoid last year’s global selloff. The FTSE 100 Index closed up 0.4%, taking its year-to-date rise to 3.7% and closing at the highest level since August 2018. The index is less than 2% ...

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Emirates NBD issues 3-year dirham-denominated bond

DUBAI / WAM Emirates NBD has announced the successful pricing of its inaugural AED1 billion dirham-denominated bond, the first such issue by a UAE bank. The group’s bond sale will support the further development of a medium-term bond yield curve and facilitate access to financing for UAE corporations. The three-year bond saw strong demand, with the order book peaking at ...

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