Bloomberg Sweden’s financial watchdog says it may need to tighten rules around bond trading following a liquidity crunch that led 35 fixed-income funds to slam shut in March. Peter Svensson, a spokesman for the Financial Supervisory Authority (FSA) in Stockholm, said one area of particular interest is an exemption granted to Swedish securities firms a few years back, essentially giving ...

Bloomberg British Prime Minister Boris Johnson encouraged consumers to go out and “shop with confidence” when stores reopen in England on Monday, as he suggested social distancing rules will be eased. Johnson said coronavirus regulations requiring people to stay 2 meters apart in public spaces could be relaxed as infection rates fall. His signal will be welcomed by Conservative Party ...

Bloomberg UK house prices increased as lockdown measures that froze the market were relaxed, Rightmove Plc said. Asking prices in June were 1.9% higher compared to March, before the market was put on hold, the property website operator said on Monday, bringing average values to $424,000. Restrictions put in place to slow the outbreak of the coronavirus were eased in ...

Bloomberg Businesses across the US have begun intensive Covid-19 disinfection regimens, exposing returning workers and consumers to some chemicals that are largely untested for human health, a development that’s alarming health and environmental safety experts. The rush to disinfect is well-intentioned. Executives want to protect employees while abiding by US Centers for Disease Control & Prevention guidelines (and to avoid ...

Bloomberg European stocks sank to a three-week low and US futures slid as evidence of a second virus wave dashed hopes of a quick economic recovery. Treasuries and the dollar rose. The Stoxx Europe 600 Index pared some losses, but was still 1.4% lower. S&P 500 futures sank 2.2% and Treasuries rallied, pushing the 10-year yield to 0.67%. BP Plc ...

Bloomberg India stocks declined as the number of coronavirus cases continued to rise even as the economy gradually reopens for business. A second wave of infections in China was a drag on the sentiment in the region. The S&P BSE Sensex was set for its steepest drop in four weeks, falling 2.3% to 32,999.44 as of 12:30 pm in Mumbai. ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and General Supervisor of the Dubai: Capital of Islamic Economy Initiative, said that as the global hub of the Islamic Economy, Dubai is well placed to lead the sector’s contributions to revitalising the regional and international ...

Bloomberg Saudi Aramco began executing the acquisition of a 70% stake in Saudi Basic Industries Corp. through block trades worth 259 billion riyals ($69 billion) on Sunday. A total of 2.1 billion Sabic shares changed hands on the Saudi exchange in four transactions as the oil company moves ahead with the purchase from the kingdom’s Public Investment Fund (PIF). Aramco ...

Dubai / WAM Dubai Airport Freezone Authority (Dafza), has signed a Memorandum of Understanding (MoU) with the Arab-Brazilian Chamber of Commerce (CCAB) to on board the Chamber as a Halal Trade and Marketing Centre (HTMC) service partner, during a webinar held by CCAB. The MoU signing ceremony was attended by Ms Amna Lootah, Dafza’s Assistant Director-General, and Rubens Hannun, CCAB ...

Abu Dhabi / WAM The temporary committee to handle impacts of Covid-19 held its fourth virtual meeting, chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, to discuss national efforts to support economy and the best ways of limiting the effects of the pandemic on business sector. Al Mansouri highlighted importance of national efforts and role of committee in ...