September, 2021

• 28 September

  Citigroup, JPMorgan seen evading Evergrande crisis in China push

  

  Bloomberg The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week. Citigroup Inc has no direct lending exposure to Evergrande, a spokeswoman said. JPMorgan Chase & Co and Bank of America Corp also have no such links. Bank of America has no ...

  Read More »
• 28 September

  Barclays sees challenges for muni market

  Bloomberg Pressure is building for the municipal-bond market after a selloff in US Treasuries this week, according to Barclays Plc. Rates market volatility is one of the challenges facing state and local debt performance in the near-term, according to a September 24 note by strategists Mikhail Foux, Clare Pickering and Mayur Patel. Municipal bonds have posted losses this week but ...

  Read More »
• 28 September

  Italy, UniCredit making progress on Paschi sale by end-2021

  

  Bloomberg The Italian government and UniCredit SpA are making progress in talks on a deal for the takeover of troubled lender Banca Monte dei Paschi di Siena SpA and could sign a preliminary accord by the end of the year. The Rome-based Finance Ministry is working to meet UniCredit’s demands in a deal that may cost the state more than ...

  Read More »
• 28 September

  European stocks, futures rise as traders weigh China risks

  

  Bloomberg European stocks and US index futures rise as investors assessed whether global growth can withstand a slowdown in China and a global energy crunch. Contracts on the S&P 500 Index advanced 0.3% after a three-day rally in US stocks. Treasury yields advanced as traders braced for speeches by Federal Reserve policy makers this week. Tightening oil supplies sent West ...

  Read More »
• 28 September

  Indian stocks set to move sideways post sharp rally

  

  Bloomberg Indian stocks are expected to move in a “calibrated manner” after the benchmark index more than doubled since March last year, driving up the valuations, according to Girish Pai, head of research at Nirmal Bang Equities Pvt. BSE Sensex index had touched the 60,000 mark for the first time on September 24, driven by optimism for recovery in businesses ...

  Read More »
• 28 September

  Top Netflix ‘Squid Game’ sends Korean media stocks surge

  Bloomberg The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. A dramatised survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc, and is the first Korean drama ...

  Read More »
• 27 September

  Abu Dhabi, Slovakia to boost trade cooperation

  

  ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and Michal Kovac, Ambassador of Slovakia to the UAE, have discussed enhancing UAE-Slovakia trade cooperation and economic relations. During a meeting at chamber’s headquarters in Abu Dhabi, Al Mheiri said that Abu Dhabi Chamber is ready to increase joint cooperation between businesses in Abu Dhabi and ...

  Read More »
• 27 September

  ADSB partners with SNO Yachts to build superyacht shadow vessel

  

  Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB) signed a memorandum of understanding (MoU) with SNO Yachts, a leading Italian superyacht brand, for the construction of Nautilus 45, a first-in-class superyacht shadow and explorer vessel, for one of SNO Yacht’s existing clients. While the state-of-the-art platform will be built by ADSB in the UAE, SNO Yachts will carry out ...

  Read More »
• 27 September

  Etihad adds more flights to Seychelles

  ABU DHABI / WAM Etihad Airways will be operating more flights to Seychelles from October to provide holidaymakers and families with convenient travel options to the tropical island. The national airline of the UAE will upgrade its Seychelles service from four to five weekly flights from October 7, as well as operate seven additional services between 15 and 24 to ...

  Read More »
• 27 September

  Twitter’s business reboot is off to a troubling start

  

  There’s a joke on Twitter about Twitter that goes like this: The biggest innovation the company achieved after spending more than $3 billion on research and development over the last five years was doubling the character count of a tweet. That characterisation isn’t exactly fair, but there’s enough truth in it to make it funny. In the face of such ...

  Read More »