Bloomberg Citigroup Inc. is planning to increase the bonus pool for its fixed-income traders, who are set to post their best performance in more than a decade. The overall bonus pool for traders who deal in fixed income, currencies and commodities is likely to increase at least 10 percent, while the pool for equities traders will probably be left unchanged, ...

Bloomberg This has been a year like no other. Hammered by an unprecedented health crisis, global stocks tumbled into a bear market at record speed, and then rallied to new highs thanks to a flood of central bank money. Bond yields tanked to uncharted lows and the world’s reserve currency surged to all-time highs, only to then retreat to its ...

Bloomberg Vaccine developers, electric-vehicle startups and a bankrupt car-rental company captured the imagination of individual investors in 2020 as Reddit chat rooms touted the so-called meme stocks as the next big winners. The wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass the time during the ...

Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never ...

DUBAI / WAM Dubai’s Supreme Committee of Crisis and Disaster Management, in its meeting stressed the importance of following precautionary measures outlined by health authorities in the UAE and the World Health Organisation (WHO) to protect the community from Covid-19. The meeting was chaired by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. The committee’s statement came as ...

RIYADH / WAM The Official Spokesman for the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki said that the terrorist Houthi militia launched a ballistic missile from Amran governorate on Saturday morning, using civilian objects as a launch site. The missile fell short in Yemeni territory east of Al-Yatmah, Al-Jawf governorate, he added in a statement. “The Houthi ...

Bloomberg Britain and the European Union (EU) will enjoy a “special relationship” as a result of the historic trade agreement that was reached, according to UK Cabinet Office Minister Michael Gove. “We can now embark on a new, more hopeful, chapter in our history,” Gove said in an article published in the Times of London newspaper on Saturday. “We can ...

SHARJAH / WAM Sharjah Charity International (SCI) announced the launch of its seasonal campaign “Warm Winter”, which is concerned with distributing in-kind aid such as clothes, blankets and heating material to families and the needy to protect them from the winter. The campaign is in coordination with the country’s embassies and their representatives in these countries and through the association’s ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received, on behalf of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, an official invitation letter to the 41st Gulf Cooperation Council (GCC) Summit, set to be held in Riyadh, Saudi Arabia, on January 5, 2021. ...

DUBAI / WAM The Ministry of Education is set to launch a virtual programme titled ‘Change Makers’ programme in partnership with EDGE Co. on December 27. The programme, which targets university students in UAE universities, is a series of specialised training programmes aimed at developing skills and enhancing knowledge. Aimed at spreading research and innovation updates in sustainability, diplomacy, technology, ...