November, 2019

• 10 November

  Worst-performing bank stock sees biggest surge

  

  Bloomberg India’s Yes Bank Ltd, the world’s worst-performing lender in 2019, has posted the globe’s biggest gain over the past month. Its shares have rallied about 50% — the biggest gain among global peers valued at more than $1 billion — after embattled founder Rana Kapoor was forced to sell his holdings in October and a new management team promised ...

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• 10 November

  Sewing’s dual role ‘unusual’: Shareholders

  

  Bloomberg Deutsche Bank AG shareholders have called for Chief Executive Officer Christian Sewing to end his role in supervising the investment banking division amid concern it may distract him from his main job, the Telegraph reported. Deka Investment, one of the bank’s shareholders, called it “unusual” for a CEO to run a division while there’s ongoing restructuring involving 18,000 job ...

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• 10 November

  Nigeria bond yields plunge to record low

  

  Bloomberg Nigerian local-currency bond yields have plunged to 18-month lows as investors pile into the debt after the central bank restricted sales of higher-yielding, shorter-term central-bank securities. The average yield for naira government bonds has dropped 117 basis points to 13.03% since the central bank moved to block individuals and non-bank firms from buying so-called open-market operations (OMOs) on October ...

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• 10 November

  Vietnam’s Military Bank to raise $240mn

  

  Bloomberg Vietnam’s Military Commercial Joint Stock Bank plans to raise about $240 million from the sale of a 7.5% stake to foreign investors via a private placement, according to people familiar with the matter. The sale of the 7.5% stake, or 141.5 million new shares and 47 million treasury shares, is expected to be completed by the end of this ...

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• 10 November

  Viral tweet about Apple card leads to Goldman Sachs probe

  

  Bloomberg A Wall Street regulator is opening a probe into Goldman Sachs Group Inc’s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits. A series of posts from David Heinemeier Hansson starting railed against the Apple Card for giving him 20 times the credit limit ...

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• 10 November

  Ras Al Khaimah to host Hotel Investors’ Summit in 2020

  

  RAS AL KHAIMAH / WAM The Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) in partnership with the Ras Al Khaimah Tourism Development Authority on Sunday announced that the emirate will host ‘GIOHIS 2020’ at Al Hamra International Exhibition and Conference Centre in Ras Al Khaimah on November 23-24, 2020. The Summit is expected to attract 300-350 senior executives from ...

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• 10 November

  SGH-Dubai receives excellence award

  

  Dubai / Emirates Business Saudi German Hospital-Dubai (SGH-Dubai) has been awarded Gold Certification for Excellence in Person-Centered Care by Planetree International during the conference at Orlando Florida, USA. This Person-Centered Care Certification recognises the organisation’s achievement and innovation in the delivery of person-centered care. Saudi German Hospital-Dubai is one of only 134 healthcare organisations worldwide to earn this prestigious award, ...

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• 10 November

  First Capesize vessel sails from EGA’s GAC in Guinea

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), on Sunday announced that the first Capesize vessel has sailed from its bauxite mining subsidiary Guinea Alumina Corporation in the Republic of Guinea. The vessel, the MV Berge Rosa operated by shipping line Berge Bulk, is bound for a customer in India laden with 173,000 tonnes of bauxite ore. Capesize vessels are ...

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• 10 November

  President of Belarus visits Sheikh Zayed Grand Mosque

  

  ABU DHABI / WAM President Aleksandr Lukashenko of Belarus visited the Sheikh Zayed Grand Mosque in Abu Dhabi, along with his accompanying delegation, as part of his official visit to the UAE. The Belarusian President, commenced his tour by visiting the ossuary of the late Sheikh Zayed bin Sultan Al Nahyan, and recalled the Founding Father’s wise approach that enriched ...

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• 10 November

  Details of World Tolerance Summit Dubai announced

  

  Dubai / WAM The second edition of the World Tolerance Summit (WTS), one of the initiatives of the International Institute for Tolerance (IIT), under the Mohammed bin Rashid Al Maktoum Initiatives, will be chaired by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Chairman of the Board of Trustees of the International Institute for Tolerance (IIT), top officials ...

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