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European stocks rise, set for best weekly gain since March

  Bloomberg European stocks rise, heading for their best weekly advance since mid-March as investors returned to risk assets, lured by cheaper valuations. The Stoxx Europe 600 Index added 0.6% by 9:57 am in London. Consumer and tech sectors outperformed, while utilities and energy shares lagged after the UK government announced windfall tax plans on oil and gas companies. While ...

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Hedge fund buyers return to HK stocks

  Bloomberg JPMorgan Chase & Co.’s hedge fund clients have returned to buying Hong Kong stocks since mid-March after continuous selling for more than a year, the Wall Street bank said in a note. In China, flows have stabilized as purchases to cover short positions were offset by a reduction in bullish wagers in the last few weeks, the US ...

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EGA collaborates with AUS to research food waste re-use

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced a collaboration with the American University of Sharjah’ (AUS) College of Engineering to research the economic and environmental benefits of re-using food waste to enrich manufactured soils made from bauxite residue, and further applications in waste-to-energy. The AED1.6 million three-year research project is the second phase of EGA’s ...

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