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Hong Kong stocks rebound after flirting with correction levels

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  Bloomberg Hong Kong’s stocks climbed on Monday, with a rally in beaten-down property and technology names helping the benchmark index rebound from the brink of a technical correction. The Hang Seng Index jumped 2.7%, snapping a five-day loss. Country Garden Holdings Co. — China’s largest builder — was among the top gainers following a report that the nation’s banking ...

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Sheikh Mohamed sends letter to president of Turkmenistan

  Abu Dhabi / WAM The President of Turkmenistan, Serdar Berdimuhamedow, received a written message from President His Highness Sheikh Mohamed bin Zayed Al Nahyan, inviting him to visit the UAE in line with strengthening relations between their countries. This came as President Berdimuhamedow received, at the Presidential Palace in Ashgabat, Suhail bin Mohammed Al Mazrouei, Minister of Energy and ...

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IMF to cut global growth outlook ‘substantially’

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  Bloomberg The International Monetary Fund (IMF) will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks. Surging food and energy prices, slowing capital flows to emerging markets, the ongoing pandemic and a slowdown in China make it ‘much more challenging’ for policymakers, ...

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