BLOOMBERG North Korea fired a suspected short-range ballistic missile after the influential sister of the state’s leader threatened the US with severe consequences if it goes ahead with joint military drills with South Korea. South Korea’s Joint Chiefs of Staff said in a text message to reporters the missile was fired at around 6:20 pm on Thursday from the western ...

BLOOMBERG Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation’s growing importance. The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the ...

BLOOMBERG India may sell as much as 250 billion rupees ($3 billion) of green bonds in the next fiscal year and plans to include longer maturity debt to the offering, according to people familiar with the matter. There is a demand for papers of 30- to 40-year tenor, particularly from insurance companies, to fund projects with a longer gestation period, ...

BLOOMBERG China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures. The consumer price index rose 1% last month from a year earlier, the National Bureau of Statistics (NBS) said, the lowest level since February 2022 and well below estimates. Less volatile core inflation ...

BLOOMBERG Singapore’s top trade official said the city-state is willing to facilitate a dialogue between the US and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world. US-China tensions “have serious consequences for the rest of the world,” Gan Kim Yong, Singapore minister for trade and industry, told Bloomberg ...

BLOOMBERG Emerging-market shares have value as bonds are losing their buffer because of US rates volatility, according to analysts at Goldman Sachs Group Inc. With rising nominal interest rates, local fixed income securities “no longer appear to have much cushion” with fluctuations in US rates, strategists led by London-based Kamakshya Trivedi wrote in a note. MSCI Inc.’s index of developing ...

BLOOMBERG Global stocks retreated on Thursday, and Treasury yields held near the key 4% mark as investors priced the likelihood of higher interest rates and a looming US recession. Futures on the S&P 500 slipped 0.3% and those on the rate-sensitive Nasdaq slid 0.6%. Chipmakers Nvidia Corp and Advanced Micro Devices Inc fell about 0.7% in pre-market trading, while Tesla ...

DUBAI / GULF TIME Dubai Tourism has honoured Dr Jamal Jomah, founder and leader of Med Art Clinics and the president of Arab Association for Surgical and Aesthetics Medicine in Dubai, as one of its Al Safeer Congress Ambassadors. The Al Safeer Congress Ambassador Programme members have been leading the way in bidding for and winning significant international conferences and ...

ABU DHABI / WAM On March 8, the UAE celebrated International Women’s Day to recognise the realities and challenges that women face, as well as to acknowledge the ongoing efforts towards women’s empowerment. The UAE has leveraged its global stature to support women’s issues by launching a series of initiatives, programmes, and plans to promote women in all communities, strengthen ...

BLOOMBERG Oil held a hefty loss after Federal Reserve Chair Jerome Powell signalled interest rates could rise higher and faster than previously anticipated, raising concerns about the economy and energy demand. West Texas Intermediate futures edged lower near $77 a barrel after posting the biggest one-day decline since early January. The remarks, made during a testimony before Congress, opened the ...