BLOOMBERG Even when they do nothing, central banks have the power to surprise and bewilder. The yen surged the most since August and the Topix Index lost more than 3 percent as equities worldwide fell after the Bank of Japan refrained from adding to its monetary stimulus. U.S. stock futures remained lower and Treasuries erased gains after data showed …

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.75% to close at 4622.61 points. Accordingly the Market Capitalization has lost AED 5.7 billion attaining AED 749.85 billion. A total of 473.36 Million Shares were traded with a total value of AED 0.75 billion during the trading session of 28-04-2016 through 6558 transactions. The number of companies …

  Bloomberg A cool-down in Manhattan’s apartment-rental market is hitting the bottom line of Equity Residential as the landlord is forced to offer concessions to tenants who suddenly have a lot of competition to choose from. “New York City just turned very quickly and more deeply than we expected,” Chief Operating Officer David Santee said on a conference call on …

  Our Correspondent / Emirates Business Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with US$10 billion in assets, a 75 million sq-mt land bank, and through its iconic developments, it is one of the most well known in the UAE, and in wider Middle East region. From its beginnings in 2005 till today, Aldar continues …

  Our Correspondent / EMIRATES BUSINESS Digital commerce is the fastest moving industry in the world , especially in South East Asia. It has become the torch-bearer for the genX and millenial dreamers to make it big as an entrepreneur with the fast mushrooming of start-ups in an uprecendented scale. As a ‘new’ industry, not so many professionals can claim …

  DUBAI / Emirates Business Leading practitioners in digital advertising gathered at the Westin Hotel to honour excellence in the use of digital technology and media in the region. The third edition of MENA Digital Awards followed the success of the fifth Digital Media Forum, which was held earlier that day. “The highly successful staging of the MENA Digital Awards …

  Dubai / Emirates Business Dubai First, one of the leading consumer finance companies in the UAE, won two awards at the highly prestigious Asian Banker’s Middle East & Africa Awards 2015, – ‘Best Non-Bank Consumer Finance Organisation” and “Best Micro Finance Product of the Year”. The recognition came during The Asian Banker’s 3rd Annual Middle East & Africa Regional …

  Dubai / Emirates Business Open-top driving fun in the world’s only premium convertible in the small car segment has advanced to the next stage. The new MINI Convertible is now on sale in showrooms acorss the Middle East. The open-top 4-seater went on sale at importer showrooms this week — with elegantly stretched lines and a noticeable increase in …

  Ritika Sharma / Emirates Business DLF, one of India’s largest realty firms, is holding a four-day roadshow at the Ritz Carlton Dubai to highlight investment opportunities in DLF’s portfolio of luxury properties. DLF’s latest project is DLF5, a state-of-the-art, integrated development offering high-end residential, commercial, retail and community facilities. DLF5 aims to provide a world-class lifestyle in Gurgaon, India. …

  WASHINGTON / AP When the Federal Reserve chose not to raise its key interest rate, it nevertheless made clear that its next move will be another increase. That stance puts it at odds with other major central banks, which are doing the reverse — seeking to ease credit to spur lending. That policy divergence could pose risks for the …