Bloomberg Citigroup Inc is advising investors to limit exposure to the yuan and remains cautious on emerging markets more broadly, saying China hasn’t done enough to ease the risk that its economic slowdown will threaten growth worldwide. China’s deepening slump, fears of a US recession and the Federal Reserve’s moves to shrink its balance sheet mean that any correction ...

  Bloomberg European equities rose to the highest level in more than three weeks, trimming their monthly drop, after China relaxed some of the strictest virus controls of the pandemic, fuelling risk-on sentiment for economic recovery. The Stoxx 600 advanced 0.7% at 9:44 am in London, rising for a fourth day in the longest winning streak since March. Consumer and ...

  Bloomberg Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi. The firm is turning more bullish on the country’s equities market after trimming exposure during first quarter’s harsh selloff, according to Vincent Mortier, Amundi’s chief investment officer. Key developments to watch include the potential rollout of a ...

  Sharjah / WAM The 31st edition of the Abu Dhabi International Book Fair (ADIBF) continued to offer thought-provoking discussion and valuable insights for attendees, with one of its latest sessions themed ‘Islam and the West: Past, Present and Future’. Ed Husain, a prominent British writer and a professor at Georgetown University in Washington DC, affirmed that Emirati diplomacy was ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has officially opened the Dubai-Al Ain Road Improvement Project built at a cost of AED2 billion. Undertaken as part of Dubai’s master transport plan, the project affirms Dubai’s efforts to accelerate its economic development with major projects. ...

  Dubai / WAM Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and member of the Dubai Council, revealed that Dubai consolidated its status as a global cultural hub and investment destination, ranking first in Middle East and North Africa (Mena) region and second in the world in attracting ...

  Sharjah / WAM Irthi Contemporary Crafts Council, an affiliate of Nama Women Advancement, is creating compelling, immersive experiences for the global design community as it highlights the refined beauty and contemporary aesthetics of Emirati craft traditions at the upcoming Milan Design Week from June 7-12. Irthi will also leave a firm imprint on the international design scene in Milan ...

  Dubai / WAM Dubai Technology Entrepreneur Campus (Dtec), an initiative of Dubai Silicon Oasis that is part of the Dubai Integrated Economic Zones Authority (DIEZ), on Sunday partnered with the Joint Italian Arab Chamber of Commerce (JIACC). As part of the collaboration, they will launch a framework for knowledge- and information-sharing between Dtec and JIACC in relation to initiatives ...

Abu Dhabi / WAM The United Arab Emirates, the Arab Republic of Egypt and the Hashemite Kingdom of Jordan have announced an Industrial Partnership for Sustainable Economic Growth in Abu Dhabi on Sunday to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across 5 sectors. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has officially opened the Dubai-Al Ain Road Improvement Project built at a cost of AED2 billion. Undertaken as part of Dubai’s master transport plan, the project affirms Dubai’s efforts to accelerate its economic development with major projects. ...