July, 2019

• 29 July

  DLD-Online Auction deal to spur realty investments

  

  DUBAI / WAM Dubai Land Department (DLD) has signed a partnership agreement with Online Auction company to boost the real estate market’s activities, and provide new competitive options that enhance investor confidence. The strategic partnership agreement that was signed by Sultan Butti bin Mejren, Director General of DLD, and Ahmad Mustafa Ahli, Owner of Online Auction, will impact on achieving ...

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• 29 July

  AMLO seeks to build a new refinery for Mexico

  

  Bloomberg Mexico’s future energy minister was looking for inspiration two years ago when she toured the world’s largest refining complex, a 7,500-acre maze of industrial plants and pipes in India where more than a million barrels of oil can be turned into fuel and petrochemical products each day. Rocio Nahle, who became energy minister under Mexico’s new government in December, ...

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• 29 July

  Pakistan taps clean energy

  Bloomberg Pakistan is planning a wave of new wind and solar plants that will expand its clean energy capacity to about fifth of its total. The South Asian nation plans to increase its renewables by more than four times by adding as much as 7 gigawatts to bring its total to 8-9 gigawatts by 2025, said Nadeem Babar, head of ...

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• 29 July

  Alberta eases oil output limit amid export surge

  Bloomberg Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline. Easing the production limit by 25,000 barrels a day means that operators can now produce about 175,000 barrels a day below what they were producing late last year, just before the province imposed the cut to alleviate a glut ...

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• 29 July

  Tech weighs on US stocks; bonds, greenback advance

  

  Bloomberg US equities fell as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1 percent. The S&P 500 Index fell as Amazon, Facebook and Netflix all sank more than 1 percent. Apple gained ahead of its earnings announcement on Tuesday. Drug companies got a boost from surging Mylan NV ...

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• 29 July

  No-deal Brexit risk pushes pound to lowest since 2017

  

  Bloomberg The pound and gilt yields slid to multi-year lows as UK PM Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the European Union. Sterling tumbled the most among the Group-of-10 currencies as various members of Johnson’s top team took a tough stance. UK Chancellor Sajid Javid said he ...

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• 29 July

  Home of ultra-low rates has warning for world

  

  Bloomberg As the world sinks into an era of ever-lower interest rates and a chasm of negative-yielding bonds, Japan’s experience offers investors an invaluable precedent. It’s two decades since the nation pioneered zero rates and more than six years into central bank chief Haruhiko Kuroda’s record stimulus. The money managers who’ve witnessed it all provide unique insights into strategies to ...

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• 29 July

  ‘Fed probably will do very little to lower rates’

  

  Bloomberg President Donald Trump attacked the Federal Reserve in a tweet on Monday, saying the US central bank “probably will do very little” to counteract actions by Europe and China to ease monetary policy. Fed officials are widely expected to lower interest rates by a quarter-percentage point when they meet on Tuesday and on Wednesday in Washington. Trump has been ...

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• 29 July

  JPMorgan targets Germany’s ultra-rich

  

  Bloomberg JPMorgan Chase & Co is hoping to a grab a larger slice of Germany’s private-banking market as wealthy individuals increasingly turn to international companies for advice. Traditionally, rich Germans have often maintained loyal relationships with one local lender and one from Switzerland, according to HakanStraengh, who runs JPMorgan’s private-banking business in Germany from Frankfurt. However, the company is seeing ...

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• 29 July

  Women pay 18% more in banking fees than men: Study

  Bloomberg Each year, banks reap billions of dollars from overdraft and other fees. A new analysis of more than 500,000 US users on investing app Stash found women pay a disproportionate amount of those penalties. Male Stash users, the survey found, pay $182 per year in fees, while women pay $214, or 18 percent more. That includes late fees as ...

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