Bloomberg European equities climbed after falling the most since March in July as euro-area manufacturing returned to growth. The Stoxx Europe 600 Index was up 0.2%, led higher by the media and tech sectors. Banks were the worst performers, with HSBC Holdings Plc down 3.8% after first-half pretax profit missed estimates and more than halved to $5.6 billion, while Societe ...

Bloomberg Having suffered the worst first-half performance in any year since 2008, a gauge of Philippine’s property stocks is faring worse than the nation’s benchmark index in 2020 after six years of outperformance. The losses have also erased the valuation premium real estate shares typically command over the broader market — an occurrence that’s seen them stage a sharp rebound ...

Bloomberg South Africa’s main stock index erases gains of as much as 0.4% to fall 0.5% by 9:40 am in Johannesburg, as weakness in banks and MTN Group counter a rise in heavyweight BHP and a soaring Shoprite. The losses come amid a resurgence in Covid-19 cases in parts of the US and Europe, raising concern that the economic rebound ...

Bloomberg The Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks, US Secretary of State Michael Pompeo said. The comments suggest a possible widening of US measures beyond TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies. President Donald Trump told reporters that he plans ...

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammad Javad Zarif, Iranian Foreign Minister, exchanged Eid Al Adha greetings. This came during a video call, wherein the ministers reviewed efforts of the countries to contain repercussions of Covid-19 pandemic. In this regard, HH Sheikh Abdullah and Zarif noted the importance of ...

TOKYO / WAM Japan’s imports of crude oil from the UAE reached to 20.13 million barrels in June, according to data from Agency for Natural Resources and Energy in Tokyo. The agency, part of the Japanese Ministry of Economy, Trade and Industry, reported that the percentage of oil imports from the UAE amounted to 35.1 percent of the total Japanese ...

Dubai / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, and Sayed Zulfikar Bukhari, Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development, have discussed ways to boost cooperation and bilateral ties between the UAE and Pakistan in labour issues. During the meeting, which was held at the headquarters of the Ministry ...

Bloomberg Russia slightly increased its oil production in July, ahead of the Opec+ plans to start easing their record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s an average daily of 9.371 million barrels, applying a 7.33 barrel-per-ton conversion ...

Bloomberg Kuwait has suspended commercial flights from 31 countries on the advice of health authorities, just as the Gulf state re-opened its airport to such operations. While other flights will resume, countries on the barred list include India, Iran, China, Brazil, Lebanon, Spain, Singapore, Egypt and Sri Lanka, the Directorate General of Civil Aviation said in a statement. The airport ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, United Arab Emirates (UAE). This step is the most historic milestone to date in the delivery of the ...