April, 2023

• 12 April

  Dubai Press Club hosts eighth edition of Emirati Media Forum

  

  DUBAI / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, said that the world’s rapid technological development, which has affected various sectors, including the media sector, comes with a great responsibility to redouble efforts in addressing the besetting challenges, a fact that Dubai has been aware of from an early age ...

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• 12 April

  UAE attends OIC meeting regarding Israeli attacks on Al-Aqsa Mosque

  

  ABU DHABI / WAM Sheikh Nahyan bin Saif Al Nahyan, UAE ambassador to the Kingdom of Saudi Arabia and Permanent Representative to the Organisation of Islamic Cooperation (OIC), headed the UAE delegation which attended the open-ended Extraordinary Meeting of the OIC Executive Committee for Permanent Representatives to discuss a unified Islamic position on the ongoing Israeli attacks on Al-Aqsa Mosque. ...

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• 11 April

  Airbus Q1 deliveries drop as supply woes extend into 2023

  

  BLOOMBERG Airbus SE delivered 127 jetliners in the first quarter, a 9% drop from a year earlier, as parts shortages spilled into 2023. Deliveries totalled 61 aircraft in March, the world’s biggest planemaker said. The first-quarter drop will make it harder for Airbus to reach its goal of increasing shipments to 720 this year. Meeting output targets is crucial for ...

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• 11 April

  Costco falls on lowest US sales growth in 3 years

  BLOOMBERG Costco Wholesale Corp slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers. US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices, the company said in a statement. That’s the smallest advance since April 2020 ...

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• 11 April

  Walmart sues Capital One to end credit-card partnership

  BLOOMBERG Walmart Inc asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp, saying the bank has failed to meet critical standards for customer care. Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. “Unfortunately, Capital ...

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• 11 April

  Alibaba units’ possible IPOs spark hot investor demand

  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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• 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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