Bloomberg The new normal of remote work has yet to reach the traders who deal with the Bank of Japan (BOJ). Japan’s central bank doesn’t allow home computers to connect to its network for conducting asset purchases and other market transactions, raising concerns at financial firms as coronavirus cases in Tokyo surge. At least three have asked the BOJ whether ...

Bloomberg Westpac Banking Corp. has scrapped its first-half dividend, citing the desire to maintain a strong balance sheet in an uncertain operating environment. The lender had previously deferred any decision on a payout during the height of the first coronavirus outbreak. It will next consider dividends as part of finalising its full-year results. Westpac is the first of the nation’s ...

Bloomberg Intesa Sanpaolo SpA is likely to play a part in the possible purchase of Borsa Italiana SpA being considered by Italian state-owned lender Cassa Depositi e Prestiti SpA and Euronext, according to people with knowledge of the matter. The government and Euronext have been weighing a joint bid for the stock exchange operator, owned by London Stock Exchange Group ...

Bloomberg Citigroup Inc. asked a federal court to order Brigade Capital Management LP to return its share of more than $900 million that the bank mistakenly wired to Revlon Inc. lenders, some of which are locked in a bitter fight with the struggling cosmetics giant. The bank has recouped less than half of the money, which it blamed on a ...

Bloomberg Goldman Sachs Group Inc. is the latest firm to boost its year-end price target for the S&P 500, as a relentless rally off the March lows leaves strategist predictions in the dust. David Kostin raised his forecast for the benchmark US gauge to 3,600 from 3,000, joining the likes of Yardeni Research founder Ed Yardeni and RBC Capital Markets’ ...

Bloomberg European stocks struggled for traction with US equity futures as the Trump administration stoked tensions with Beijing by announcing new restrictions on Huawei Technologies Co. A dollar gauge slid to the lowest since 2018. Jewellery maker Pandora A/S led losses in the Stoxx Europe 600 Index after saying sales may contract as much as 20% this year. Asian chipmakers ...

Bloomberg Global funds used to clamour for more access to India’s debt markets. The high-yielding bonds are now the least popular in Asia as the nation struggles to contain the coronavirus pandemic. Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations, according to data compiled by Bloomberg. Indonesia has also ...

ABu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced significant progress made on its “Crude Flexibility Project” (CFP) with 73% project delivery of Adnoc’s ongoing upgrade of refining capabilities in Ruwais and strengthening the role of Ruwais as a critical driver for industrial growth for Abu Dhabi and UAE. For more than 40 years, Adnoc has predominantly ...

Abu Dhabi / WAM The United Arab Emirates has condemned the Iranian-backed Houthi terrorist militia’s attempts to target civilian areas in the Kingdom of Saudi Arabia, the latest of which were the attacks which targeted the southern region in the Kingdom and which were all intercepted by the coalition forces. In a statement released on Monday by the Ministry of ...

Abu Dhabi / WAM Today, the Small and Medium Business (SMB) sector plays an important role in the UAE’s economy, accounting for 86% of the total private sector workforce and more than 60% of the country’s current GDP. Etisalat serves close to 300,000 SMB customers in the UAE, working closely with them in their digital transformation journey. The relevance of ...