Bloomberg Spanish government bonds may see more volatility next week after voters go to the polls on Sunday to try to break a six-month political deadlock over who will govern the euro region’s fourth-largest economy. The nation’s securities plunged on Friday, with the 10-year yield jumping the most this year, after Britain voted to quit the EU. Riskier assets ...

  Bloomberg The U.K.’s decision to walk away from the EU may throw billions of pounds worth of agriculture trade into question as politicians prepare for a lengthy wrangle over future policy. The EU is the biggest customer for U.K. food and drink exports, with last year’s sales, excluding alcohol, valued at £8.9 billion ($12.2 billion), according to the Food ...

  Bloomberg U.S. stocks plunged the most in 10 months, joining a selloff in global risk assets on speculation that the the U.K. decision to leave the European Union will hamper worldwide growth. Equities sank to session lows in afternoon trading, with the Dow Jones Industrial Average sliding more than 600 points. The S&P 500 Index extended losses after falling ...

  Bloomberg Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting after analyzing the ...

  Bloomberg Britain’s decision to leave the Europe Union buffeted markets, spurred panic on global trading floors and prompted U.K. Prime Minister David Cameron to resign. But for Brazil’s meat industry, the Brexit vote sounded like opportunity knocking. As a net-importer of food, the U.K. will probably have to adopt more flexible rules and be more opened to imports from ...

  Bloomberg The cost to drill wells at Argentina’s Vaca Muerta, site of the world’s second-biggest shale reserves, has dropped 20 percent this year, putting Chevron Corp. and its partners closer to meeting spending goals. Drilling costs at the Loma Campana field in Vaca Muerta have declined to $11.2 million per well from $14 million in the last three months ...

  DUBAI / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Decree No (10) of 2016 on the restructuring of the Board of Trustees of the Dubai Appreciation Award for Community Services. The Decree named Dhahi Khalfan Tamim, Chairman of the Board of Trustees and Major ...

  Belgrade / Emirates Business Etihad Airways’ equity partner Air Serbia launched flights to the United States, a milestone achieved with the support of, and in collaboration with, several of Etihad Airways equity partner airlines. Air Serbia, in which Etihad Airways has a 49 per cent stake, launched its five-times-a-week scheduled flights between its Belgrade hub and New York JFK ...

  ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) Board of Management held its third meeting of 2016 this week to review FANR’s accomplishments and its strategic and operational plans for 2016. The meeting was led by Board of Management Chairman, Abdulla Al Suwaidi. Senior FANR management provided the board with updates to key FANR activities, ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) received international recognition and was awarded a Letter of Appreciation from the United Nations World Summit on the Information Society (WSIS) Prizes 2016, in the Champions category for its Smart Power Plant System. DEWA launched the system in February this year to develop its smart operations and foster development ...