Bloomberg Chinese stocks listed in the US were set to rise for a fourth day, as traders digested a triple-whammy of positive news that has eroded the pessimism of a few weeks ago. The KraneShares CSI China Internet Fund, an exchange-traded product holding more than 40 Chinese stocks, rose 7.4% in premarket trading, extending its 17% gain in the ...

  Bloomberg Global equity investors remain most bearish on the UK’s stocks among major markets, Bank of America Corp (BofA) said, even after a partial recovery in British assets following September’s ‘mini budget’ turmoil. A net 25% of fund managers are underweight UK stocks, according to BofA’s latest survey. While that’s an improvement from last month — which saw a ...

  Bloomberg Warren Buffett’s Berkshire Hathaway Inc. took a position in Jefferies Financial Group Inc. even as it trimmed its stake in financial stocks including US Bancorp and Bank of New York Mellon Corp. The conglomerate held more than 433,000 shares of Jefferies, the New York-based investment bank, as of September 30, according to a quarterly filing Berkshire was a ...

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended September 30, announcing a net income (Taqa-share) of AED6.5 billion, 53% higher than the prior-year period. The company also reported group revenues of AED38.7 billion, 14% higher than the prior-year period and Adjusted Ebitda of AED16.5 billion, up 15%, benefiting from strong ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a message of condolences to President Recep Tayyip ErdoÄŸan of Türkiye, over the explosion in Istanbul’s Istiklal Street which resulted in a number of deaths and injuries. In his message, President His Highness Sheikh Mohamed wished a quick recovery for all the injured. His Highness ...

  Abu Dhabi / WAM Adnoc Drilling Company PJSC on Monday announced its financial results for the nine months and third quarter ended September 30. Adnoc Drilling’s net profit for the nine-month period grew significantly, by 24 percent to $568 million, while revenue increased 15 percent to $1.94 billion compared to the same period last year. Nine-month Ebitda was $879 ...

  Dubai / Gulf Time The Mena region witnessed 524 deals worth AED202.76 billion ($55.2 billion) during the first nine months of the year, according to the latest EY Mena M&A Insights report. Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped by 23% ...

ABU DHABI / WAM Etihad Airways, the UAE national airline, and Garuda Indonesia, the national flag carrier of Indonesia, announced they are strengthening their partnership between Abu Dhabi and Jakarta and beyond their respective hubs. The scope of the partners’ codeshare agreement, first signed in 2012, will be significantly expanded to nearly double the number of combined destinations Etihad and ...

Solo, Indonesia / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Indonesian President Joko Widodo have inaugurated the Sheikh Zayed Grand Mosque in the Indonesian city of Solo. The two leaders performed prayers together at the mosque before His Highness Sheikh Mohamed signed a commemorative plaque to mark the opening. Named in honour of the late Sheikh ...

Dubai / WAM Etihad Credit Insurance (ECI) held its third meeting in 2022, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of ECI. The meeting focused on the review of a series of ECI’s comprehensive programmes and initiatives, which are aligned with the National Agenda of bolstering the UAE’s non-oil foreign ...