Bloomberg JPMorgan Chase & Co., in its third quarter under the shadow of the pandemic, showed that the surge in trading is holding up — and so are borrowers. The biggest US bank posted a surprise increase in earnings, fueled by a 30% jump in markets revenue as elevated volume kept its stock and bond traders busy. The lender also ...

Bloomberg Stocks in Europe advanced with US futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped. In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager. S&P 500 Index futures climbed after the gauge closed ...

Bloomberg Thailand’s key equities gauge tumbled to its lowest level in more than six months on concern mounting anti-government protests will further hurt company earnings and delay an economic recovery. The benchmark stock index slid 1.8% to 1,212.12 as of 11:18 am in Bangkok, its lowest level since April 16. The measure has erased almost 5% since October 14, when ...

Bloomberg SoftBank Group Corp. shares climbed to a new 20-year high as investors rally behind founder Masayoshi Son‘s more cautious strategy of selling assets, paring debt and buying back shares. The Tokyo-based company’s stock gained more than 3% to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom. The stock had already hit ...

Abu Dhabi / WAM The number of subscribers in telecommunications services in the UAE, including mobile phones, landlines and Internet, grew to 21.808 million by the end of August, 1 percent up compared to the preceding month. The latest statistics released by the Telecommunications Regulatory Authority (TRA) indicated an increase in the number of mobile phone subscribers to 16.685 million ...

Bloomberg Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions. A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon ...

DUBAI / WAM The Dubai Financial Market (DFM) on Sunday introduced equity futures trading, as part of its new Futures Trading Platform, amid unprecedented participation from the brokerage community. This step provides further impetus to DFM’s strategy to diversify product offerings and attract more investments. The DFM has developed a robust regulatory framework, in line with international best practices, creating ...

KHARTOUM / WAM Dr Khalid Abdel Wahhab Al Khajah, Executive Manager of the International and Humanitarian Charity Organisation (IHCO) in Ajman, laid the foundation stone for the building of a new community, named “Al Salam Village”, in Sudan’s River Nile State. The village will see the construction of 200 houses for local people affected by floods that recently swept through ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced on Sunday that it completed repayment of its last outstanding bond of $1.5 billion. The Global Medium Term Note (GMTN) bond that was issued in 2010 matured and has been fully repaid. With this step, Dewa is having Zero debt on its books. Consistent with Dubai’s steady growth, Dewa has ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, held a discussion with Lilja Lilja Dögg Alfreðsdóttir, Iceland’s Minister of Education, Science and Culture, to review options in reinforcing cultural and creative relations between the UAE and Iceland. During the meeting, Al Kaabi reviewed achievements of the creative sector since the start of the Covid-19 ...