Bloomberg Less easy financial conditions will likely lead to lower overall returns in global markets while favouring growth stocks over value, according to UBS Group AG. Growth and earnings will become bigger drivers of returns next quarter, strategists including Bhanu Baweja wrote in a note. A bottoming in real rates and credit spreads will signal the end of a liquidity ...

Bloomberg India’s largest private lender, HDFC Bank Ltd., said issues related to internet banking were resolved after some customers faced second outage in three months. “There were intermittent issues in accessing Net Banking and Mobile Banking, faced by some of our customers. The issue stands resolved,” the bank’s spokesman said. The nation’s most valuable lender has been facing repeated technical ...

Bloomberg The Reserve Bank of Australia (RBA) signalled it’s ready for a prolonged battle with bond traders betting on a reflation wave sweeping across the global economy. “The bank remains committed to the 3-year yield target and recently purchased bonds to support the target and will continue to do so as necessary,” Governor Philip Lowe said in a statement, after ...

Bloomberg When faced with a spike in Treasury yields and a tech sector pullback that erased $1 trillion from stock prices, exchange-traded fund (ETF) investors decided to pour more money into equities. Despite the recent turmoil in the bond market, the S&P 500 Index extended a rally from its March 2020 lows to more than 70% and ETFs tracking stocks ...

Bloomberg Most Asian stocks slipped on Tuesday along with US and European equity futures as investors weighed the impact of the recent climb in bond yields and a Chinese official’s warning about asset bubbles. The dollar rises. Shares in China and Hong Kong led the regional decline. S&P 500 and Nasdaq 100 futures turned lower. China is “very worried” about ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has ordered aid flights to transport urgent humanitarian aid and medical supplies from the World Health Organisation’s (WHO) Logistics Hub in Dubai to Sudan. Under Sheikh Mohammed’s directives, the International Humanitarian City (IHC) chartered two aircraft to ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), on Monday announced the acquisition of all of the UAE-based assets of Speedy Hire, the UK’s provider of tools and equipment hire for the oil & gas, construction, and industrial sectors. Under the terms of the acquisition, ...

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha) has announced the signing of a Memorandum of Understanding with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) to integrate the use of AI into the provision of medical care, enhancing clinical expertise and elevating the patient experience. The MoU was signed by Seha’s Group Chief Executive Officer, Dr ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has received a letter from His Majesty Sultan Haitham bin Tariq Al Said of Oman, about the brotherly relations between the two countries and peoples. The Sultan of Oman congratulated Sheikh Mohammed on the successful journey of the Hope Probe to ...

Bloomberg Oil rebounded from its biggest slump since November ahead of a key Opec+ meeting that may see some supply returned to a fast-tightening market. Futures in New York rose above $62 a barrel. The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their best ever start to a year. But it’s ...