Bloomberg The Malaysian ringgit has defied the odds to outperform most of its Asian peers. Now investors will be watching to see if it survives the trials of September. A three-month rally in the currency could come to a halt when FTSE Russell announces a decision on whether it’ll retain ringgit bonds in its World Government Bond Index. A lesser ...

Bloomberg Singapore’s financial regulator said it will introduce measures to enhance banks’ access to local and US dollar funding to protect the city state’s financial sector against the economic fallout of the coronavirus pandemic. From September 28, the new facility will provide banks and financial firms an additional channel to borrow Singapore dollar funds at longer tenors and will allow ...

Bloomberg Credit Suisse Group AG may have spied on other employees beyond former star banker Iqbal Khan and its ex-head of human resources, Swiss newspaper SonntagsZeitung reported, citing people familiar with the matter and a probe of the bank’s activities by banking regulator Finma. The Swiss bank surveilled a former employee in the US as well as an ex-staff member ...

Bloomberg European stocks dropped after President Donald Trump stoked tensions with China and virus cases across Germany and the UK continued to rise. Treasury yields fall and oil dropped to a two-month low. Technology shares led losses in the Europe Stoxx 600 Index, while the FTSE 100 Index was buoyed by the weaker pound. EasyJet Plc shares slumped after the ...

Bloomberg India’s sovereign bond market is on tenterhooks again. Just days after announcing measures to lower yields, the central bank has given signals that traders interpret as a lack of interest from authorities in pushing rates down further. The yield on the five-year bond climbed 29 basis points so far in the three trading sessions to Tuesday while the rate ...

Bloomberg Asian investors appear confident the current gyrations in US tech stocks will not spark the same level of swings in the Asia Pacific region, according to at least one key indicator. While a gauge of 10-day volatility in the S&P 500 Index spiked to a two-month high last week amid the accelerating selloff in tech, a similar measure for ...

DUBAI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the National Policy on Vaccinations, which is a multi-sectoral national framework for combating communicable diseases and reducing their risks to individuals and society. The policy will act as a coordination ...

DUBAI / WAM Emirates Airlines announced that is has returned over AED5 billion in Covid-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds. More than 1.4 million refunds requests have been completed since March, representing 90 percent of the airline’s backlog, the airline said in a statement on Monday. ...

Abu Dhabi / WAM Etihad Airways is introducing Covid-19 global wellness insurance cover as part of Etihad Wellness, the airlines new health and hygiene programme. The insurance will cover up to EUR150,000 of medical costs and up to EUR100 a day of quarantine costs in case of a positive diagnosis for 14 days, according to a press release of the ...

CAIRO / WAM The UAE has reiterated that terrorism poses a significant threat to international peace and security, stressing that terrorist acts often begin with the use of extremism and violence as means to create change. This statement was made by Mariam Khalifa Al Kaabi, Acting UAE Ambassador in Cairo, during a seminar on efforts to combat terrorism and extremism ...