The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERG Shares of Alibaba Group Holding Ltd’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said. China’s online commerce leader announced plans to split its $220 billion empire into six business units, a move seen potentially boosting Hong Kong’s IPO market. The shares ...
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April, 2023
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11 April
US stock futures erase advances as bank earnings loom
BLOOMBERG US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system. Contracts on the tech-heavy Nasdaq 100 flipped to a loss while those on the S&P 500 gave up early gains to trade flat. The yield on policy-sensitive two-year Treasuries slipped below 4%, backtracking ...
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11 April
Buffett ramps up Japan stock bets, weighs buying even more
BLOOMBERG Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc kicked off a yen bond sale. Shares of Japan’s major trading houses jumped after Buffett said he has raised his holdings in them to 7.4% from about ...
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11 April
Bank of Korea to keep policy restrictive after standing pat
BLOOMBERG The Bank of Korea (BOK) kept its benchmark interest rate unchanged and said it intends to keep policy restrictive to combat inflation even with the economy set to slow more than previously expected this year. The central bank held its seven-day repurchase rate at 3.5%, as forecast by economists. Unlike in February, the latest decision was unanimous, an outcome ...
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11 April
Toronto-Dominion primed for price cut on First Horizon deal
BLOOMBERG Toronto-Dominion (TD) Bank may seek a lower price for First Horizon Corp, but it still has an incentive to close the deal, according to a Canadian asset manager who specialises in financial stocks. “The reasons they wanted to buy in the first place haven’t gone away. Tennessee and Florida and the Carolinas are still great banking markets,†Robert Wessel, managing ...
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11 April
Bitcoin soars to $30,000 for first time since June
BLOOMBERG Bitcoin climbed above $30,000 for the first time since June 2022, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year. Bitcoin is now up 82% since December 31, 2022, handily beating the Nasdaq 100 tech index’s 19% gain. Gold, another investor favourite this year, has climbed 9.6%. Crypto’s rapid ascent has seen Bitcoin ...
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11 April
Bank of Korea to keep policy restrictive after standing pat
BLOOMBERGÂ The Bank of Korea (BOK) kept its benchmark interest rate unchanged and said it intends to keep policy restrictive to combat inflation even with the economy set to slow more than previously expected this year. The central bank held its seven-day repurchase rate at 3.5%, as forecast by economists. Unlike in February, the latest decision was unanimous, an outcome ...
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11 April
Hayatna rewards lucky consumers with brand-new SUV, entire year of groceries
DUBAI / GULF TIME Since its launch in 2022, Hayatna’s natural & healthy products have been winning the hearts of people in the country. Inspired to reward our consumers, Hayatna launched a mega promotion campaign from 22nd to 30th December 2022 across the UAE. The campaign was an extension of the brand promise “From our farms to your tableâ€. It ...
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11 April
Sheikh Khalid: ‘Sheikh Zayed’s life a lighthouse guiding both current and future generations’
ABU DHABI / WAM H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, said that the Zayed Humanitarian Day will live on in the conscience as an unforgettable remembrance. “This remarkable day will remain indelible in the memories of the Emirati people and the rest of the world,” Sheikh ...
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11 April
Saudi receives flag to host FEI World Cup Finals 2024
RIYADH / WAM The Kingdom of Saudi Arabia has received the flag of the FEI World Cup Finals that Riyadh will host in April 2024. The Kingdom received the flag during the FEI World Cup Finals 2023 in Omaha, Nebraska, USA, according to Saudi News Agency (SPA). The FEI World Cup, an annual international competition among the world’s best show ...
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