Bloomberg China’s equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high. The speed of the past week’s gains in China is in many ways unseen since the stock bubble that burst five years ago. Monday’s surge alone added more than $460 billion to Chinese stock values, behind just ...

Bloomberg European stocks retreated from a one-month high reached on Monday after Germany reported weaker-than-expected industrial data. The Stoxx Europe 600 Index dropped 1.1% as of 10:18 am in London, with all 19 industry groups lower. Technology and real estate shares led losses, while autos outperformed. Germany’s DAX Index dropped 1.4% after May factory orders missed forecasts. Adding to the ...

Bloomberg India stocks swung between gains and losses in volatile trade as investors mulled the outlook for economic growth against corporate risks as coronavirus continues to spread. The S&P BSE Sensex was little changed at 36,475.06 as of 12:47 pm in Mumbai, after rising as much as 0.4% and falling as much as 0.7%. The gauge closed at its highest ...

ADEN / WAM Over a three-year period, the UAE, represented by the Emirates Red Crescent (ERC) launched 32 projects to provide drinking water in the governorates of Yemen’s Red Sea Coast, benefitting some 600,000 people. The projects are part of a series of humanitarian projects implemented by the UAE to help the Yemeni people related to food aid, shelter, social ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered 100 shipsets of the assembled A350-900 Inboard Flaps (IBF). Having completed the full First Article Inspection for the fabrication of six IBF components at its facility in the Nibras Al Ain Aerospace Park, Strata now assumes fabrication and assembly duties ...

Bloomberg Pension fund managers from three continents have launched an online green-investing tool that measures companies against United Nations sustainable development goals. The SDI Asset Owner Platform will allow investors to assess 8,000 companies using the UN criteria, according to a statement on Monday. The four pension funds — APG Asset Management NV and PGGM NV from the Netherlands, British ...

Bloomberg Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained 1.3% in London to near the highest level since March. Saudi Aramco increased its crude prices to Asia as demand recovers. Libya’s oil exports are expected to fall this month as forces opposed to ...

Abu Dhabi / WAM The UAE on Monday sent a plane carrying over 12 metric tonnes of medical supplies and Covid-19 testing kits to Brazil in furtherance of joint cooperation to bolster the country’s efforts to curb the spread of Covid-19 and assist approximately 12,000 medical professionals as they work to contain the coronavirus. Commenting on delivery, Saeed Abdullah Mohammed ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and the International Renewable Energy Agency (Irena) have announced the signing of a Memorandum of Understanding (MoU) to signify their joint commitment to progressing sustainable finance across the UAE and the wider region. Through the MoU, ADGM and Irena solidified their mutual dedication to promoting solutions that facilitate investment in renewable ...

Abu Dhabi / WAM Air Arabia Abu Dhabi has announced that will start direct flights connecting Abu Dhabi with Alexandria and Sohag in Egypt. The inaugural flight will take off from Abu Dhabi to Alexandria on July 14 followed by flights to Sohag the next day. Air Arabia Abu Dhabi will start its operations with two Airbus A320 aircraft based ...