Bloomberg The ringgit jumped, making the currency the best performer in Asia, following the appointment of Anwar Ibrahim as Malaysia’s new prime minister. The ringgit rose by as much as 0.9% against the dollar to 4.4542, its strongest level since mid-August. The currency had surged by 1.8% after Anwar’s appointment on Thursday, the largest single-day gain since March 2016. ...

  Bloomberg Credit Suisse Group AG falls to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market of Asia are benefiting from the Swiss firm’s troubles. Shares of the lender declined as much as 5% in Zurich after Vontobel cut its price ...

  Bloomberg Shares decline as growing unrest in China over Covid-19 restrictions sent a shiver through the global markets. The dollar steadied after strengthening in the risk-off mood while Treasuries advance. Europe’s equity benchmark fell, with oil companies sliding as events in China weighed on crude prices. US stock futures dropped as modest customer traffic and heavy discounting by American ...

Bloomberg Overseas investors have stepped up their return to Indian equities, helping power benchmarks gauges to record highs and derivatives data signals more room for the rally. Global funds have bought a net $3 billion of India stocks so far this month, according to Bloomberg-compiled data. Holdings of foreign investors in long index futures have risen by about six times ...

  Bloomberg Taiwan stocks dropped on Monday, weighed by ruling party DPP’s resounding defeat in local elections and amid a broader selloff across Asia. The benchmark Taiex slid 1.5%, the most since October 13, as investors worried that the government may stop the support measures for the market after opposition Kuomintang’s victory at the polls. The party held onto 13 ...

  Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) has announced statistical data that show expansion of Abu Dhabi’s gross domestic product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the emirate’s robust performance and the ability of the economy to maintain competitiveness and sustain growth ...

  Abu Dhabi / WAM UAE cabinet has announced public holidays calendar for both public and private sectors for the year 2023. The announcement include January 1 as an official holiday on the occasion of the New Year, Ramadan 29 to Shawwal 3 the Eid Al Fitr holiday, Zul Hijjah 9 for the Arafah Day, Zul Hijjah 10-12 to mark ...

  Dubai / WAM Dubai Chambers has unveiled new plans to establish new country-specific business councils operating in Dubai and expand their roles to support ongoing efforts to boost Dubai’s non-oil foreign trade and create new channels of economic cooperation between business communities in the emirate and promising markets around the world. The announcement was made by Abdul Aziz Al ...

  Bloomberg Oil posted a third weekly loss as the European Union (EU) suspended talks over a Russian oil price cap amid disagreements between member states. West Texas Intermediate futures falls 2.1% to settle at $76.28 a barrel after trading in a more than $3 range. European diplomats remain locked in talks over how strict the cap should be, having previously ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) discussed with the Moscow Chamber of Commerce and Industry the cooperation chances for business communities in Sharjah and Moscow, and how to benefit from the strong ties between the UAE and the Russian Federation to discover rewarding opportunities in industries that characterise the economies of both sides, especially ...