Bloomberg Deutsche Bank AG has appointed a new head of investment banking coverage in the UK and Ireland. Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of UK investment banking and global head of media, according to a statement. Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, ...

Bloomberg CBZ Holdings Ltd, the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender. The firm is “actively exploring” a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer (CEO) Blessing Mudavanhu said in ...

Bloomberg With one of his first major moves at the helm of UniCredit, Andrea Orcel added tens of millions to bank’s bottom line. The question is whether the cost will be even higher in the long run. UniCredit’s new CEO shocked investors with a decision to skip a coupon payment on $3.6 billion of hybrid bonds due later this month, an ...

Bloomberg BlockFi Inc., a crypto-lending startup, mistakenly sent some users Bitcoin as part of a promotion and is working on reversing it. The company made what it called incorrect promo payouts in Bitcoin instead of US dollars to certain customers. Though BlockFi worked on reversing them, a number of recipients withdrew the coins before the company could backpedal. (It was ...

Bloomberg US equity-index futures gained as investors wagered that the Federal Reserve will maintain monetary support in coming months while a rebound in the world’s biggest economy stokes inflation fears. Contracts on the S&P 500 and Nasdaq 100 gauges pointed to gains after US stocks closed mixed. The dollar and Treasuries were steady. Bitcoin advanced above $35,000 following another weekend ...

Bloomberg Malaysia’s stocks climbed from a three-month low after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The FTSE Bursa Malaysia KLCI Index rises as much as 0.95% on Monday, snapping a three-day loss. Sime Darby Bhd. and Axiata Group Bhd led gains in the gauge. The government shortened business working hours ...

NEW YORK / WAM The UAE stressed that it has been gravely concerned by the escalating violence in Israel and the Occupied Palestinian Territory. The UAE welcomed the news of a ceasefire agreement and expressed hope that it is durable, lasting, and might contribute to resumption of a credible wider peace process while restoring calm and building confidence between the ...

Dubai / WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, on Sunday unveiled the Majesty 175, the world’s largest composite production superyacht, at its world premiere at Dubai Harbour. Pushing the boundaries in superyacht production through its lightweight material that enables effortless cruising in low-draft waters, the Majesty 175, fully manufactured in ...

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, has directed that AED6 million be allocated for the purchase of books and educational materials from the 500,000 titles available at the Abu Dhabi International Book Fair (ADIBF) 2021. The books and educational materials ...

DUBAI / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai SME, an integrated division of Dubai’s Department of Economic Development (Dubai Economy), to support the business sector and advance comprehensive and sustainable development in the country. Mariam Al Amiri, Under-Secretary, Financial Management Sector at MoF, and Saeed Matar Al Marri, Deputy CEO of Dubai ...