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Adani stocks rise after 8-day rout wiped out $118 billion

Bloomberg Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. The flagship’s stock rallied as much as 25%, while three of its peers jumped by their 5% limit in early trading. That helped trim the slump in the group’s market capitalisation to $112 billion since US-based Hindenburg ...

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Stocks advance, US futures edge higher

  Bloomberg Stocks advanced and US equity futures inched higher ahead of commentary due later from Federal Reserve Chair Jerome Powell that may shape views on the central bank’s rate path. Energy shares led gains in Europe after oil major BP Plc boosted shareholder returns and reported record profit. Futures on the S&P 500 and Nasdaq 100 contracts were modestly ...

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Marrybrown opens outlet at Dubai International Airport Terminal 1

  Dubai / Gulf Time Marrybrown, one of the leading halal-quick service restaurants in UAE, opened its Dubai International Airport Terminal 1 outlet. Hadi Ebrahim Al Abbas, Chief Communications Officer – Al Abbas Group said that the opening of the outlet is a momentous occasion and a testimony to the patronage that Marrybrown has in this region. “We have been ...

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