Recent Posts

Stocks, futures slide on virus angst; dollar gains

Bloomberg Global stocks dropped for a second day and US equity-index futures tumbled amid concern more economic shutdowns are becoming necessary to contain a fast spreading pandemic. A stronger dollar and a slide in Treasury yields underscored the risk-off mood on Tuesday as New Zealand discovered a positive case and announced a lockdown. Gold rises for a fifth day and ...

Read More »

Coronavirus: Hope Consortium accelerates global vaccination

ABU DHABI / WAM Abu Dhabi’s Hope Consortium, which offers one of the most capable and effective vaccine supply chains in the world, has extended its value proposition to include in-country vaccination services with the aim of accelerating global immunisation and eliminating vaccine wastage. The new solution is unique in the Covid-19 immunisation space as it combines end-to-end vaccine delivery ...

Read More »

Aramco in advanced talks on up to $25b Reliance deal

Bloomberg Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said. The Saudi Arabian firm is discussing the purchase of a roughly 20% stake in the Reliance unit for about $20 billion to $25 billion-worth of Aramco shares, the people ...

Read More »
Send this to a friend