BLOOMBERG An Indian court suspended a two-year sentence for opposition leader Rahul Gandhi until it hears his appeal in a defamation case. The court fixed April 13 as the next date to start hearing arguments on Gandhi’s request to stay a conviction that led to his disqualification from parliament, said Kirti Panwala, a lawyer for the Congress party leader. Gandhi ...

BLOOMBERG Former Prime Minister Boyko Borissov won Bulgaria’s fifth election in two years, but his failure to secure a majority threatens to extend a political stalemate undermining European Union unity over Russia’s war in Ukraine. A bloc led by Borissov’s Gerb party won 26.5%, according to official results with 93.4% of districts counted on Monday. The bloc led by the ...

BLOOMBERG The South Korean won, Asia’s worst-performing currency this quarter, will soon have a new item added to its long list of troubles — the dividend payment season in April. This month normally sees overseas investors take dividends out of the country. Expected handouts to foreign investors at the top 10 Korean companies with the largest dividends allotted to global ...

BLOOMBERG Chinese authorities warned the nation’s top banking executives that the crackdown on the $60 trillion industry is far from over in a private meeting, just as they were about to announce the probe of the most senior state banker in nearly two decades. Officials from the China Banking and Insurance Regulatory Commission (CBIRC) and the Central Commission for Discipline ...

BLOOMBERG Funds investing in commercial property pose a threat to financial stability after growing significantly over the last decade, according to the European Central Bank (ECB). The net asset value of the real estate investment funds more than tripled to more than €1 trillion ($1.1 trillion) in the past 10 years, boosting their interdependence with property markets, the ECB said ...

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US equities — warns the rally in tech stocks that’s exceeded 20% isn’t sustainable and that the sector will return to new lows. The Nasdaq 100 has soared into a bull market as investors fled economically sensitive sectors like banks following the collapse of several US lenders. ...

BLOOMBERG Treasury yields rose on concern a rally in oil prices will keep inflation elevated and put pressure on the Federal Reserve to go on raising interest rates. The two-year US yield rose as much as 11 basis points to 2.73% as crude prices jumped after Opec+ announced a surprise oil production cut. This reignited concern about inflation and led ...

ABU DHABI / WAM The global investment platform, Investopia, has revealed one of the key outcomes of its annual conference held in Abu Dhabi, which is the launch of ‘Smart Clinics’ in the UAE and the wider Middle East region, a new concept in the healthcare sector that focusses on improving life quality and establishing wellness pathways. Technology and precision ...

ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, announced that the UAE will voluntarily cut its oil output by 144,000 bpd, effective May through the end of 2023, in coordination with some countries that are parties to the Opec+ agreement. “This voluntary initiative is a precautionary measure taken to ensure market balance and comes ...

ABU DHABI / WAM The 12th Annual Investment Meeting (AIM Global 2023), which is supported by the Ministry of Industry and Advanced Technology in partnership with the Abu Dhabi Department of Economic Development, will feature a number of local and international events, forums, and conferences from May 8-10 at the Abu Dhabi National Exhibition Centre and discuss the latest investment ...