April, 2021

• 7 April

  Brazil’s budget impasse to leave economy chief in tougher spot

  

  Bloomberg An impasse between Brazil’s economic team and congress over this year’s budget will likely end up with President Jair Bolsonaro accepting only part of his economy chief’s austerity pleas as lawmakers push to ramp up spending ahead of next year’s elections. Bolsonaro has agreed to reject part of the budget proposal to make room for mandatory spending that was ...

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• 7 April

  Poland to keep borrowing costs at record low

  Bloomberg Poland will probably keep borrowing costs at a record low, judging that threats to the economy from tighter Covid-19 restrictions outweigh a spike in inflation and a weaker national currency. Despite surging price growth prompting nearby Russia and Ukraine to hike interest rates, all economists surveyed by Bloomberg predict the central bank in Warsaw will leave its benchmark at ...

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• 7 April

  UK hasn’t given up on overseas trips by May: Johnson

  

  Bloomberg UK Prime Minister Boris Johnson sought to reassure the public that summer holidays are still a possibility, a day after warning that the government may not meet a May 17 goal to reopen its borders. While many popular holiday destinations are struggling with surges in Covid-19 cases, this doesn’t mean the government has given up on next month’s target, ...

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• 7 April

  Global stocks hover around record; bond yields decline

  

  Bloomberg Markets settled into a holding pattern on Wednesday, with global stocks hovering around all-time highs as investors awaited details of the Federal Reserve’s most recent meeting. Bond yields fall. Futures on the S&P 500 and Nasdaq 100 edged higher after the underlying gauges retreated overnight as volume on US exchanges dwindled below 10 billion shares for the first time ...

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• 7 April

  Deliveroo shares rise as retail investors start trading stock

  

  Bloomberg Deliveroo Holdings Plc, which collapsed in its London debut last week after a 1.5 billion-pound ($2.1 billion) initial public offering (IPO), gained as much as 3.9% as retail investors began to trade the company’s shares. Although the food-delivery startup listed publicly on the standard segment of the London Stock Exchange, trading remained conditional, meaning only institutional investors were allowed ...

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• 7 April

  Overseas funds are loving Malaysia glove stocks again

  Bloomberg Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars. Top Glove Corp. and Supermax Corp. are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research. Global funds bought a ...

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• 6 April

  Unit 1 of Barakah plant starts commercial operations

  

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Tuesday that the Unit 1 of Barakah Nuclear Energy Plant has started commercial operations. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, applauded this achievement, describing it as a significant milestone in the UAE’s long-term ...

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• 6 April

  National Bonds’ investments increase to AED8.8b in 2020

  

  DUBAI / WAM National Bonds, the UAE Sharia-compliant savings and investment company, owned by the Investment Corporation of Dubai, achieved outstanding growth in its Investments in 2020. According to numbers released by the company, National Bonds’ Investments increased by 13 percent in 2020 to reach AED8.8 billion, up from AED 7.8 billion in 2019. The increase in investments wasn’t National ...

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• 6 April

  Abu Dhabi, Indonesia’s Aceh discuss trade ties

  

  ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers and the Abu Dhabi Chamber of Commerce and Industry, has received Nova Iriansyah, Governor of Aceh Province, Indonesia, and the accompanying delegation at the Chamber’s tower in Abu Dhabi. Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and his Deputy Abdullah Ghurair ...

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• 6 April

  DFM to expand equity futures prospects with new contracts

  

  DUBAI / WAM The Dubai Financial Market (DFM) on Tuesday announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on April 18 2021, in line with strategy to diversify investment opportunities. Similar to the inaugural equity futures contracts launched on ...

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