April, 2016

• 25 April

  Global stocks decline as crude oil fluctuates, dollar weakens

  

    BLOOMBERG Shares retreated around the world, while crude oil fluctuated amid concerns that a supply glut will persist. The yen strengthened, reflecting investor caution before central bank meetings this week in the U.S. and Japan. The Standard & Poor’s 500 Index fell for the second time in three days since climbing within 1 percent of its all-time high. Energy ...

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• 25 April

  Emirates Securities Market down by -0.10 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.10% to close at 4709.13 points. Accordingly the Market Capitalization has lost AED 0.74 billion attaining AED 763.88 billion. A total of 0.51 Billion Shares were traded with a total value of AED 0.64 billion during the trading session of 25-04-2016 through 6891 transactions. The number of companies ...

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• 25 April

  Missing ingredient for millennials: Down payment savings

    AP Short of savings and burdened by debt, America’s millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. Surveys show that most Americans under 35 lack adequate savings for down payments. The result is that many will likely be forced to delay home ownership and to ...

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• 25 April

  Evergrande to acquire Calxon stake for $555mn

  

    Bloomberg Evergrande Real Estate Group Ltd. shares surged in Hong Kong after it agreed to pay 3.6 billion yuan ($555 million) to acquire a stake in China Calxon Group Co. The Chinese real estate developer, which has embarked on a buying spree since last year, closed 3.7 percent higher at HK$5.90 on Monday in Hong Kong, after earlier jumping ...

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• 25 April

  Shanghai CBRC halts banks’ business with 6 property agencies

    Bloomberg China’s banking regulator in Shanghai is halting business between commercial banks and six real estate agencies for a month, the latest in a string of measures to contain risks in the housing market. The suspension, which takes effect on Monday, covers agencies including the local arms of Beijing Homelink Real Estate Brokerage Co., Pacific Rehouse Co. and Shanghai ...

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• 25 April

  Surge in McDonald’s earnings as CEO hails turnaround

  

    Bloomberg McDonald’s reported a big jump in first-quarter earnings as chief executive Steve Easterbrook said higher sales in all regions showed a turnaround plan was succeeding. Earnings were $1.1 billion, up 35.4 percent from the year ago period. Revenues dipped 1.0 percent to $5.9 billion. Easterbrook took over as chief executive in March 2015, following a long run of ...

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• 25 April

  ‘Dubai’s $1bn indoor park to break even in first year’

  

    DUBAI / Reuters A $1 billion Dubai indoor theme park built by a local family conglomerate will break even in its first year of operation, the company said, dismissing concerns that the city is headed for a glut of entertainment attractions. IMG Worlds of Adventure, which owners Ilyas and Mustafa Galadari Group (IMG Group) predict will be the world’s ...

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• 25 April

  BHS collapse: 11,000 jobs at stake as retailer goes into administration

  

    Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its ...

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• 25 April

  TOWARDS DRIVERLESS FUTURE

  

    Beijing, China / AFP Chinese manufacturers and Internet giants are in hot pursuit of their US counterparts in the race to design driverless cars, but the route to market is still littered with potholes. While Google has been working on autonomous vehicles for at least six years, with the likes of BMW, Volvo and Toyota in its wake, more recently ...

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• 25 April

  London has largest number of billionaires

  

    London / AFP London has more billionaires — measured in pounds sterling — than any other city in the world, according to The Sunday Times’ Rich List 2016. Some of the richest tycoons in Britain have lost vast chunks of their fortunes because of a retail slump, sinking oil prices and the steel industry crisis.. Nevertheless, the overall fortune of ...

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