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European stocks rise with US equity futures, oil fluctuates

  Bloomberg European stocks ticked higher with US futures, while Treasuries extended their slide as investors weighed the risks of rising inflation and the impact of the war in Ukraine. Oil fluctuated and the dollar edged higher. The Stoxx Europe 600 Index rose 0.2%, with utilities the best-performing sector and technology the worst. Shares in Russia advanced as they partially ...

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Japan’s SMBC Nikko, officials charged with market manipulation

Bloomberg Tokyo prosecutors charged SMBC Nikko Securities Inc and five of its staff members with alleged stock market manipulation, as a trading scandal that’s rocked the nation’s financial industry escalated in the Japanese capital. The prosecutors indicted the brokerage arm of the nation’s second-biggest banking group and the five employees in relation to allegedly propping up the price of certain ...

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Hub71 leads AED1.5 billion funding for Abu Dhabi startups

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Wednesday announced that its startup community ramped up approximately AED 1.5 billion of investments since inception and secured AED 30 million in 2021 through over 20 corporate deals during the year. The aggregate valuation of Hub71 startups soared to AED 5.87 billion, with close to 1,000 jobs created ...

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