April, 2016

• 26 April

  Brazil Real gains on impeachment momentum as Ibovespa weakens

  

    Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...

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• 26 April

  Markets go crazy as South American weather hurts crops

  

    Bloomberg It’s been a wild few weeks in the agriculture markets. Floods in Argentina and drought in Brazil have sent futures markets from Chicago to Paris into a tizzy, with corn, soybean and wheat prices surging in the first half of last week before slumping back down. While Louis Dreyfus Co.’s chief executive officer has said 2015 was defined ...

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• 26 April

  Argentina studies sale of $5bn in assets

  

    Bloomberg Argentina is considering submitting a bill to congress that would allow the state pension manager to sell as much as 70.6 billion pesos ($5 billion) of shares in publicly traded companies, according to a person familiar with the government’s plans. President Mauricio Macri’s government may submit the proposal before July or issue a decree to modify the pension ...

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• 26 April

  Putin badly needs a workable domestic plan

  

    The Russian government has approved a sober, and sobering, economic forecast for the next three years. The country’s prospects look so joyless that President Vladimir Putin may finally start listening to the mainstream economists who have stuck with him despite his unconcealed preference for a huge public sector tempered with a dose of crony capitalism. Today’s Russian leaders appear ...

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• 26 April

  The South China Sea: Vietnam’s limited diplomatic options

    Du Nhat Dang SPECIAL TO EMIRATES BUSINESS For Vietnam, 2016 seems fated to be a crucial year. Hanoi’s sovereignty disputes and related diplomatic efforts will be impacted by ongoing changes in Russia, China, and Japan and, yes, the results of the United States’ presidential election. The role of Russia is of particular interest for Vietnam. On April 14, Vietnamese ...

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• 26 April

  Don’t exaggerate the risks of leaving the EU

  

    This week’s U.K. Treasury report and last week’s IMF report are the latest in a long line of predictions suggesting doom and gloom if the U.K. leaves the European Union. Are they right? Economists are far more split on the consequences of a U.K. exit than the conventional view suggests. While a number of global investment banks have given ...

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• 26 April

  Stocks gain with earnings as Fed looms, oil advances

  

    BLOOMBERG Global stocks climbed for the first time in four days amid earnings reports in Europe and America that topped estimates. The yen strengthened a second day ahead of central bank decisions from Japan and the U.S. The Standard & Poor’s 500 Index climbed and banks led European shares higher after a three-day slump. The yen rose and Treasuries ...

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• 26 April

  Emirates Securities Market down by -0.58 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.58% to close at 4682.01 points. Accordingly the Market Capitalization has lost AED 4.4 billion attaining AED 759.48 billion. A total of 387.88 Million Shares were traded with a total value of 0.64 Billion AED during the trading session of 26-04-2016 through 5762 transactions. The number of companies ...

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• 26 April

  GE Money Bank unveils IPO price range, renamed MONETA

  

    Prague / Reuters Czech lender GE Money Bank set the pricing range for its initial public share offer, potentially Prague’s biggest in eight years despite the valuation falling below some expectations, and said it would change its name to MONETA Money Bank. GE Money, which is being sold by GE as the US group moves away from financial activities, ...

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• 26 April

  Standard Chartered profits down 64pc

  

    Hong Kong / AFP Standard Chartered has announced on Tuesday first quarter profits slumped 64 percent year-on-year as revenue for the period also plunged, following a turbulent 2015 in which the troubled bank announced it would axe thousands of jobs. The Asia-focussed bank said profits for the first three months fell to $539 million from $1.49 billion in the same ...

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