Bloomberg Deutsche Bank AG is moving about a quarter of its corporate bank’s UK staff to offices in the European Union and Asia as it looks to reduce costs at the division. The changes will see about 100 jobs move to cities like Berlin, Dublin, Frankfurt and various cities across Asia, according to people familiar with the matter, who asked ...

Bloomberg New Zealand’s central bank projected that its official cash rate may start to rise in the second half of next year, joining Canada in flagging a potential withdrawal of stimulus as economies recover from the pandemic. The kiwi dollar and bond yields surged. The Reserve Bank on Wednesday published OCR forecasts for the first time in more than a ...

Bloomberg American equity futures rise on Wednesday as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, soothing new concerns raised by the latest US economic data. Contracts on the S&P 500 and Nasdaq 100 signalled stocks could move higher following a drop in US benchmarks overnight after home-sale and consumer confidence data suggested rising prices are ...

Bloomberg China’s stocks burst out of a tight trading range this week, and that may just be the start given the bullish signs for the market that have been forming under the hood. The country’s equity benchmark closed little changed with materials and financial shares being the best performers. The move came after the CSI 300 Index jumped 3.2%, the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximise value from all of Abu Dhabi’s fields as it expands its oil production capacity to 5 million barrels per day ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree No. (7) of 2021 amending Emiri Decree No. (20) of 2019 regarding restructuring of the Sharjah Urban Planning Council (SUPC). The new Emiri Decree stipulates that the new SUPC Board of Directors will be chaired by HH Sheikh Sultan ...

ABU DHABI / WAM Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, on Tuesday announced the formation of a green ammonia production facility, targeting regional and international markets. Helios Industry, a privately-owned special project vehicle company (SPV), plans to invest over AED3.67 billion in the construction of the facility over several years, which it aims to ...

DUBAI / WAM DP World, UAE Region, and Etihad Energy Services Company (Etihad ESCO), a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa), announced plans to expand their ongoing energy efficiency collaboration into renewable solar power installations across DP World’s assets in the UAE. They signed a Memorandum of Understanding during a virtual ceremony in the presence of Saeed ...

ABU DHABI / WAM Aldar Properties (Aldar) has announced the launch of 189 standalone villas at Noya Luma on Yas Island. Noya Luma sits adjacent to the rest of the Noya community on the north side of the island and is open to buyers from all nationalities on a freehold basis. With significant interest registered in four-bedroom villas during the ...

DUBAI / WAM Dubai is leading the global efforts to revive the aviation industry that is facing challenges due to the Covid-19 pandemic. However, industry leaders participating in the Airport Show at the World Trade Centre, Dubai, believe that civil aviation authorities around the world, global agencies, airlines and airport managements, as well as other important players need to take ...