Bloomberg JPMorgan Chase & Co. strategist Marko Kolanovic reiterated that he sees downside risk for the stock market in the first quarter, with the bank reducing its recommended equity allocation once again due to fears of a recession and central bank overtightening. The bank strengthened its underweight call for equities broadly and in the euro area specifically, given the ...

  Bloomberg Chinese equities will outperform global peers in the first half of this year, according to Carrhae Capital LLP, which is betting on the nation’s reopening after its emerging-market hedge fund beat peers last year. “We have entered the year with a very bullish stance on China and on the margin we have been taking profits,” Ali Akay, Carrhae ...

  Bloomberg US equity-index futures posted modest gains as investors remained on the edge over the direction of monetary policy and corporate earnings. The yen slid against the dollar after the Bank of Japan kept monetary settings unchanged. Contracts on the S&P 500 and Nasdaq 100 indexes were 0.2% higher each after a choppy session in New York amid diverging ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a responsible provider of reliable, lower-carbon intensity energy, announced on Tuesday that it has signed a memorandum of understanding (MoU) with Thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp group that specialises in chemical engineering, to explore a long-term partnership to create new markets for hydrogen and promote global clean energy ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to President Bidhya Devi Bhandari of Nepal over the victims of the plane crash. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent a similar message to ...

Abu Dhabi / WAM The UAE and Japan signed several agreements and memoranda of understanding (MoU) to help accelerate the energy transition and the adoption of technology in industry. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy to Japan, met with Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, on the ...

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Ministry of Energy and Infrastructure (MoEI) and Schneider Electric on Tuesday announced the findings of a nationwide assessment of industrial companies that is designed to help enhance energy efficiency in the industrial sector ahead of the 28th UN Climate Change Conference (COP28) later this ...

  Abu Dhabi / WAM Masdar, one of the world’s leading clean energy companies, signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (Socar), for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts (GW). The agreements were signed by Mohamed Jameel Al ...

  Dubai / WAM Dubai Multi Commodities Centre (DMCC) and Ellington Properties have partnered to launch a new AED1.2 billion residential development “Upper House” in Jumeirah Lake Towers (JLT). The project, Ellington Properties’ first residential development in JLT, is due for completion by the beginning of 2026. Brewer Smith Brewer Group (BSBG) has designed the project. Upper House by Ellington ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, have discussed the cooperation between their countries and ways of developing them in various fields to serve their mutual interests. They also reviewed a number of issues of mutual concern. At the beginning of the meeting, which took ...