March, 2021

• 22 March

  France extends green bond lead with $8 billion sale of new debt

  

  Bloomberg France amassed its biggest-ever green bond orderbook in its second sale of new debt, extending a pole position in the market to finance environmental projects. The nation raised 7 billion euros ($8.3 billion) from the securities maturing in 2044. Investors bid over 34.5 billion euros, about 50% more than for its first such offering in 2017, reflecting the surge ...

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• 21 March

  UK draws up plans to save Liberty Steel

  Bloomberg British officials are drawing up contingency plans in case the government needs to step in to save Sanjeev Gupta’s Liberty Steel from collapse, amid fears that thousands of jobs in a critically key industry are at risk. Business Secretary Kwasi Kwarteng and other senior officials have been holding intensive discussions with the company in recent days, aiming to secure ...

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• 21 March

  Musk says Tesla would be shut down if cars used for spying

  

  Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk used an opportunity to speak to an audience in China to strenuously deny the electric carmaker would ever use a vehicle’s technology for spying. Appearing at the China Development Forum, a conference organized by a unit of the country’s State Council, in a session titled “The Next Disruptive Innovation?” Musk said ...

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• 21 March

  First negative-yield quote causes flutter in India’s bond market

  

  Bloomberg A negative yield was quoted for the first time ever on India’s sovereign bond trading platform, traders said, triggering intense speculation about the motive. The 6.17% bond maturing in 2021 was offered at a negative yield of around 1.5%, according to traders who saw the quote on the Clearing Corporation of India’s Negotiated Dealing System — Order Matching, or ...

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• 21 March

  BofA sees stocks on track for $1.6trn in inflows this year

  

  Bloomberg If investors keep pouring money into equity funds at their current pace, it could add a “breathtaking” $1.6 trillion to stocks this year, Bank of America Corp. (BofA) strategists say. Despite the market volatility spurred by rising bond yields and inflation bets, equity funds attracted a record $68.3 billion in the week through March 17, according to a BofA ...

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• 21 March

  Sheikh Mohammed praises World Logistics Passport’s global expansion

  Dubai / WAM The World Logistics Passport (WLP), the first ever global freight loyalty programme launched under the directives of Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum at the World Economic Forum in Davos last year to increase opportunities for trade between emerging markets, has expanded into a global network of ...

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• 21 March

  Oil’s worst week in nearly five months ends on a high note

  

  Bloomberg Oil ended its worst week since October on a gain, a day after inflation concerns and worries over the trajectory of near-term demand triggered the largest daily loss in several months. Wall Street banks said the sell-off was transitory. Futures in New York ended the week 6.4% lower, with last week’s rise doing little to reverse the previous session’s ...

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• 21 March

  Sharjah’s EPAA sees 66,663 visitors

  Sharjah / WAM The Environment and Protected Areas Authority (EPAA) in Sharjah welcomed 66,663 visitors to six of its centres during January and February 2021. The numbers were broken down as follows: 2,500 visitors to the Wasit Wetland Centre; 1,925 visitors to the Kalba Bird of Prey Centre; 3,590 visitors to the Buhais Geology Park; 1003 visitors to the Al ...

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• 21 March

  Etihad Airways gets Iata’s Level 4 NDC certification

  

  ABU DHABi / Emirates Business Etihad Airways, the national airline of UAE, was awarded the New Distribution Capability (NDC) Level 4 certification, by the International Air Transport Association (Iata). NDC enhances communication between the airline industry and travel agents, which allows for more effective merchandising, competitive propositions and product personalisation. The NDC standard allows Etihad to transform the way its ...

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• 21 March

  Crypto businesses now able to set up at DMCC in Dubai

  

  Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement will see businesses dealing with crypto ...

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