DUBAI / Reuters Dubai’s stock index rose above technical resistance on Monday, suggesting a long period of underperformance compared with the region and other emerging markets might be ending, while a bank going ex-dividend helped to pull down Saudi Arabia’s market. The Dubai index gained 0.8 percent to 3,602 points, eclipsing its April peak of 3,573 points. The next, strong ...

Bloomberg Asian equities ex-Japan rose to their highest in two years as better-than expected economic data in China and receding bets on rate hike by US boosted the growth outlook for the region. China small-cap shares fell amid regulatory concerns. The MSCI Asia Pacific Index ex-Japan rose for a sixth straight session, adding 0.3 percent to 519.85 as of 4:30 ...

Bloomberg As global bonds reel under hawkish rhetoric by major central bankers, AllianceBernstein and Amundi Asset Management say emerging-market currencies will weather the storm better than 2013. Improvements in external balances, higher reserves and subdued inflation are among factors making developing-nation economies from India to Mexico appear less vulnerable to the risk of outflows when their advanced peers begin to ...

Bloomberg HSBC Holdings Plc has instructed about 6,000 employees of its global markets division to cease buying single-name securities on their personal accounts, according to people with knowledge of the matter. Purchases of single-name stocks, bonds and concentrated exchange-traded funds will be prohibited, Global Head of Markets Thibaut de Roux told staff in an email, said the people, who asked ...

Bloomberg The onshore yuan rose for the sixth day in a row, the longest run of gains since 2015, boosted by a stronger central bank fixing and data showing China’s economy held up in the second quarter. The yuan gained 0.05 percent to 6.7704 per dollar as of 5:14 p.m. in Shanghai, extending its six-day advance to 0.5 percent. This ...

Bloomberg Four former Barclays Plc executives will stand trial in January 2019 on allegations they conspired to commit fraud over the bank’s 2008 fundraising with Qatar, a London judge said. The trial date was set at a hearing on Monday where former Chief Executive Officer John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath all appeared at Southwark Crown Court. ...

Bloomberg BlackRock Inc., the world’s largest money manager, said it is preparing to start a private fund in China after the nation opened the market wider to global players. The firm plans to set up a wholly foreign-owned enterprise (WFOE) first for its private fund business in the nation, according to Chen Ting, general manager at BlackRock Overseas Investment Fund ...

Bloomberg It was the elephant in the room throughout Europe’s debt crisis, but ultimately too sensitive an issue for supervisors to fiddle with. Regulations have historically implied that government bonds are risk-free. But Greece’s near-death experience quickly made a mockery of that assertion. Now, Sweden is taking the next step and banks in the country are starting to assign risk ...

DUBAI / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai are expanding their commercial relationship to create a combined fleet of 380 jets flying to as many as 240 destinations by 2022. The airlines, both owned by the government of Dubai, said in a statement on Monday their expanded partnership would be rolled out over the coming ...

Bloomberg EasyJet Plc announced on Monday that Chief Executive Officer Carolyn McCall is stepping down from the discount carrier to take up the same role at broadcaster ITV Plc, according to a person familiar with the matter. McCall told the airline’s board of her decision Sunday, according to the person, who asked not to be identified discussing the switch. McCall ...