Bloomberg Italy’s Banca Monte dei Paschi di Siena posted its third straight quarterly profit and said it’s ruling out a capital shortfall on a one-year horizon. The world’s oldest bank reported net income of 186 million euros in the third quarter as it wrote back 132 million euros of loans to performing status and after extraordinary charges weren’t repeated, according ...

Bloomberg Credit Suisse Group AG said it agreed to recommend its hedge fund clients move to BNP Paribas SA after the Swiss bank decided to get out of that business. The referral agreement announced on Monday is part of Credit Suisse’s exit from the prime brokerage unit that lost billions in the collapse of Archegos Capital Management. Moving capital from ...

Bloomberg Elon Musk’s social media followers have spoken: The Tesla Inc chief should sell 10% of his stake in the electric-car maker. A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk ran during the weekend. The stake would be valued at about $21 billion based on 170.5 ...

Bloomberg The beginning of the end of cheap money was heralded as the moment emerging-market stocks would reverse a decade spent in the shadow of their developed-nation peers. It’s turning out to be anything but. After a three-week rally in October that briefly raised hopes of a comeback, the benchmark gauge for the group has sunk back, reaching a 20-year ...

Abu Dhabi / WAM In his capacity as the Ruler of the emirate of Abu Dhabi, President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a law to regulate personal status matters for non-Muslims in Abu Dhabi to provide a flexible and advanced judicial mechanism for the determination of personal status disputes for non-Muslims. The decision, which is ...

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, checked on health of Iraqi Prime Minister Dr Mustafa Al Kadhimi following the heinous assassination attempt that targeted his residence in Baghdad. This came in a phone call wherein HH Sheikh Mohamed reaffirmed UAE’s solidarity ...

Dubai / WAM Abdullah bin Touq Al Marri, Minister of Economy, opened Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (Measa), which has reconvened the global industry at the Dubai World Trade Centre (DWTC) to power smart innovations in food manufacturing and reignite live, face-to-face big business opportunities over ...

Bloomberg China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions. Exports rise 27.1% in dollar terms last month from a year earlier to $300.2 billion, data from the General Administration of Customs showed on Sunday. That was the 13th straight month of double digit growth, and exceeded economists’ expectations of a 22.8% gain. ...

Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) announced the implementation of a comprehensive agricultural development plan aimed at increasing the efficiency of sustainable agricultural production in Abu Dhabi. The plan adopts the principle of regional planning of the emirate’s farms, so that the similar areas are identified in terms of development and resources, and ...

Abu Dhabi / WAM The Sheikh Zayed Festival will begin on November 18, in Al Wathba, Abu Dhabi, under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the ...