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January 11, 2022 International News
Bloomberg Polish inflation hit a 21-year-high, exceeding most analysts’ forecasts and boosting expectations that the central bank will keep raising interest rates. Consumer prices in December jumped 8.6% from a year earlier, compared with 7.8% in November, preliminary data showed. The reading was above a median of 8.2% in a Bloomberg survey of 23 economists. This week, Governor Adam Glapinski ...
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January 11, 2022 International News, Uncategorized
Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...
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January 11, 2022 Stocks
Bloomberg European stocks bounced back from their biggest decline in six weeks as Treasury yields steadied a day before a key American inflation reading. Technology stocks led the advance in the Stoxx Europe 600 Index after the tech-heavy Nasdaq 100 recovered following four negative sessions. US futures edged higher. Benchmark Treasury yields stabilised near 1.75% after reaching 1.8% in ...
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January 11, 2022 Stocks
Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime†section of the Tokyo Stock Exchange, which will replace the current First Section of companies ...
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January 11, 2022 Local News, News
ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday made a telephone call to Kassym-Jomart Tokayev, President of Kazakhstan. During the conversation, His Highness Sheikh Mohamed bin Zayed emphasised the UAE’s support for everything that could ensure the stability of ...
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January 11, 2022 News
Bloomberg Moderna Inc said it has signed vaccine purchase agreements worth $18.5 billion for this year, along with options for another $3.5 billion, including booster shots. In a statement on Monday, the company also said 2021 product sales would be $17.5 billion, slightly higher than the average analyst estimate of $17 billion, according to data compiled by Bloomberg. Additionally, ...
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January 11, 2022 Local News, News
ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to Isaac Herzog, President of Israel, on the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...
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January 11, 2022 News
Bloomberg Oil fluctuated after recording the biggest weekly gain in a month as supplies returned in Libya and Kazakhstan, and investors tracked China’s handling of its first community spread of omicron. Brent crude was narrowly higher after swinging between gains and losses. The global benchmark rises more than 5% last week and touched $83 a barrel, the highest level ...
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January 11, 2022 Local News, News
Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. The FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of ...
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January 11, 2022 Local News
Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned 1,310 new 11 kV power distribution stations across Dubai from January 1 until December 31, 2021. This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs. These stations are mainly at Mohammed bin Rashid Gardens, Airport City, Wadi ...
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