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China tech index on track for record low as rout continues

Bloomberg China tech shares tumbled on Monday, with a key gauge poised to close at its lowest level since launch last year as concerns mount over how many more companies could withdraw from American exchanges. The Hang Seng Tech Index, a gauge of mostly Chinese tech giants traded in Hong Kong, saw losses deepen to as much as 3.6% in ...

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Traders dump Asean stocks on fears omicron will hammer region

Bloomberg Emerging-market traders are taking the once-bitten, twice-shy approach with Southeast Asia and omicron, dumping shares from the region that was most impacted when the delta variant arrived. The MSCI AC Asean Index has fallen about 4% since US Thanksgiving — when omicron first made its presence known in markets — underperforming the near 2% decline in Latin American shares ...

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Borouge awards EPC deals to expand its Ruwais complex

Abu Dhabi / WAM Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced on Sunday the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in Ruwais, Abu Dhabi (Borouge 4). Adnoc and Borealis AG signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to ...

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