Bloomberg India’s rupee looks set to weaken after its rally in August pushed it to the top of the emerging Asian currency charts, according to technical indicators. The dollar-rupee’s relative strength index dropped to 22.8 last week, the lowest level in 11 months, well below the level of 30 that typically indicates an asset is set to change direction. It ...

Bloomberg The Bank of England (BOE) has reversed a policy encouraging staff to return to the office at least one day a week, a person familiar with the matter said. In July, the central bank’s Chief Operating Officer Joanna Place announced the BOE would be rolling-out a return-to-office pilot program that would encourage regular “team days” in the office. The ...

Bloomberg Risk sentiment that boosted Asian markets weakened in European hours as investors weighed China’s better-than-forecast trade data against the threat of a reduction in central-bank support. Nasdaq 100 Index futures rise, while contracts on Russell 2000 Index fall, as the US markets reopened after the Labor Day holiday. Equity gains in China and Japan were followed by losses in ...

Bloomberg SoftBank Group Corp surged the most in nine months after unveiling a deal to acquire 4.5% of Deutsche Telekom AG and sell part of its stake in T-Mobile US Inc to the German telecommunications carrier. The Japanese investment giant announced a complicated deal under which it will swap T-Mobile shares for an initial 225 million shares of Deutsche Telekom. ...

ABU DHABI / WAM The UAE Government has unveiled a global campaign, entitled ‘United Global Emirates’, to attract foreign investment and talents and promote the features that distinguish the UAE as one of the world’s most dynamic, competitive and innovative business hubs. The ‘United Global Emirates’ campaign will champion the world-class capabilities, services, infrastructure, legal frameworks and resources available to ...

ABU DHABI / WAM Adnoc Drilling Company on Monday announced its intention to proceed with an initial public offering and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). 7.5% of Adnoc Drilling’s issued share capital, will be included in the Offering to individuals and other investors in the UAE and to Adnoc Group Companies Employees ...

KABUL / WAM As part of the air bridge, directed by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces to support the Afghan people, the fourth UAE aid plane arrived — in less than 48 hours — to the Afghan capital, Kabul, carrying medical and food aid, support ...

AJMAN / WAM Salem Al Suwaidi, Director-General of the Ajman Chamber of Commerce and Industry, discussed, with K Kalimutu, Indian Consul General for Trade and Economy to Dubai, ways of enhancing the commercial and economic cooperation between the UAE, specifically the emirate of Ajman, and India. During the meeting, which was held at the headquarters of the chamber and attended ...

ABU DHABI / WAM UAE ministers and officials have said that the UAE’s In-Country Value (ICV) Programme, which was launched by the UAE government as part of “Projects of the 50”, will help drive industrial development and consolidate its position as a leading global advanced industries hub and one of world’s most attractive countries for foreign direct investment. In exclusive statements ...

BOGOR / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led an official delegation to Bogor for discussions with Indonesia to deepen trade and investment relations. Indonesia is one of eight countries with which the UAE is seeking trading agreements as part of the ‘Projects of the 50’ initiative. Al Zeyoudi and his delegation met ...