April, 2016

• 7 April

  EU lawmakers approve MiFID II market rule delay

  Bloomberg European lawmakers agreed to delay the overhaul of Europe-wide market-rules known as MiFID II by a year in a vote on Thursday in Brussels. The European Parliament adopted the European Commission’s proposal to postpone the start date for MiFID II, the complex law that affects nearly every financial firm operating in the 28-nation bloc, by a year to 2018 ...

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• 7 April

  ECB tells Hungary to stay away from monetary financing

  Bloomberg The European Central Bank called on its counterpart in Hungary to review several of its programs ranging from education to art and real estate on concern they may violate a prohibition on monetary financing. The activities under scrutiny include a network of foundations the Hungarian central bank created last year, the regulator’s acquisition of the Budapest Stock Exchange as ...

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• 7 April

  LSE deal may spark industry buyout frenzy

  

  Bloomberg The more than $30 billion of buyouts among companies at the heart of global financial markets have in the past six months turned little-known data firms into some of the industry’s hottest takeover targets. Deutsche Boerse’s $13.8 billion proposed buyout of London Stock Exchange Group Plc would be among the biggest in the industry’s history, sweeping into play information-service ...

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• 7 April

  Ted Cruz is surging by design

  

  “It’s not the will to win that matters. It’s the will to prepare to win that matters” — Paul ‘Bear’ Bryant People here at Ted Cruz’s campaign headquarters are meticulously preparing to win a contested convention, if there is one. Because Donald Trump is a low-energy fellow, Cruz will be positioned to trounce him in Cleveland, where Trump’s slide toward ...

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• 7 April

  UAE’s renewables push for sustainability

  The case to push for renewable energies has never been stronger before. The drop in prices of traditional energies such as oil, gas and coal, spurred unprecedented investments in clean energy, especially in 2015. Cheaper cost, driven by technology to produce the renewable energy, is a key factor to resort to the clean energy sector. Recent solar and wind auctions ...

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• 7 April

  The Eurasian EU’s Armenia problem

  Catherine Putz SPECIAL TO EMIRATES BUSINESS Leaders from the Eurasian Economic Union are set to meet on April 8 in Yerevan, Armenia. But in light of the recent heat-up of that country’s frozen conflict with neighboring Azerbaijan over Nagorno-Karabakh, the union’s other members are looking for a change in venue. The EEU encompasses Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. RFE/RL ...

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• 7 April

  Japan’s nuclear weapons conundrum

  Since 1967, when then-Japanese Prime Minister Eisaku Sato introduced the “three non-nuclear principles,” Japan has existed in a state of contradiction when it comes to the question of nuclear weapons’ place in the world: while Japanese leaders call for the global abolition of nuclear weapons, they simultaneously acknowledge the importance of nuclear deterrence and Japan’s reliance on the U.S. nuclear ...

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• 7 April

  US stocks retreat as yen climbs with gold on growth concern

  

  BLOOMBERG U.S. stocks slipped, gold rallied and the yen strengthened to a 17-month high amid renewed concern that central bank policies have failed to revitalize growth. The Standard & Poor’s 500 Index retreated into the middle of range that’s bound trading since the Federal Reserve’s March 16 meeting, while European equities reversed gains as bank shares slid. Gold rose after ...

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• 7 April

  Emirates Securities Market up by 0.89percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.89% to close at 4480.72 points. Accordingly the Market Capitalization has gained AED 6.38 billion attaining AED 726.83 billion. A total of 0.98 Billion Shares were traded with a total value of AED 0.93 billion during the trading session of 07-04-2016 through 9887 transactions. The number of companies which ...

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• 7 April

  Abu Dhabi extends bridge construction bid closing date

  

  Bloomberg Abu Dhabi General Services Company (Musanada) has extended the tender closing dates for the two design-and-build contracts for the proposed crossing that will connect Al-Reem Island, Umlifaina Island and the rest of Abu Dhabi. Contract 2 is now due to be submitted on April 17 and the deadline for Contract 1 is April 27. The original tender closing date ...

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