November, 2023

• 6 November

  Stocks seek direction after interest rates-driven rally

  

  BLOOMBERG Stock and bond markets steadied after last week’s blockbuster rally, with traders still optimistic that US and European central banks may start cutting interest rates as soon as next year. Europe’s Stoxx 600 index held to recent gains and US futures added about 0.2%. Asian markets jumped, with South Korea’s Kospi finishing more than 5% higher after regulators banned ...

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• 6 November

  Former crypto day traders say no thanks even as Bitcoin roars back

  

  BLOOMBERG Between 2013 and 2017, Peter To claims he made more than $1 million by day-trading Bitcoin during its bull runs. While the world’s largest cryptocurrency has rallied in recent weeks, more than doubling from levels after last year’s epic collapse that helped blow up the FTX exchange, the 34-year-old professional stock trader in New York says it’s not enough ...

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• 6 November

  ECB to get inflation down to 2% target in 2025: Lagarde

  

  BLOOMBERG European Central Bank (ECB) President Christine Lagarde said that slowing inflation is “certainly our forecast” and that the institution is determined to return prices to its target. “We are determined to bring inflation down to 2%,” Lagarde told the Greek newspaper Kathimerini in remarks posted on the ECB’s website. “According to our projections we will get there in 2025.” ...

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• 6 November

  Emerging Asia currencies buoyed by rate hikes set to outperform

  

  BLOOMBERG Asia’s emerging-market currencies are proving attractive to investors willing to bet on local central banks keeping interest rates high and the fading strength of the dollar. In the view of Brendan McKenna, an emerging market strategist at Wells Fargo & Co, the Indonesian rupiah, Philippine peso and Thai baht are among the best bets. Other experts point the fact ...

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• 6 November

  Warning signs grow Apple is losing China consumers to Huawei

  BLOOMBERG There is growing evidence that Apple Inc’s latest iPhone is falling shy of its predecessor in China, suggesting a setback for the world’s most valuable company in its most important overseas market. The iPhone 15 series saw a 6% decline in sales in its launch month compared with the prior year, according to data from market researcher GfK that ...

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• 6 November

  Apple looks to capitalise on computer sales comeback with new Macs

  BLOOMBERG Apple Inc is set to capitalise on a computer market resurgence when the company unveils two new Macs and processors on Monday. The company will hold an online event at 5 pm California time — dubbed “Scary Fast” —  where it’s poised to announce a new iMac and updates to its high-end MacBook Pro. Apple also is slated to ...

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• 5 November

  Two aid UAE aircraft arrive in Amdjarass

  

  AMDJARASS/ WAM Two UAE aircraft have arrived in Amdjarass, Chad, carrying 19 tonnes of humanitarian and relief assistance. The humanitarian assistance was airlifted in implementation of the directives of the UAE leadership to relieve the Sudanese refugees and support the local community in Chad as part of UAE’s efforts to improve the living and health conditions. The shipment was received ...

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• 5 November

  Mohammed bin Rashid honours winners of 5th edition of Gender Balance Index

  

  DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, expressed his deep appreciation for the contributions of Emirati women in all sectors and the crucial role they play in shaping the country’s future. His Highness emphasised the nation’s enduring commitment to supporting women and fostering their active involvement in furthering the ...

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• 5 November

  UAE President orders launch of ‘Gallant Knight 3’ humanitarian operation to support people of Gaza

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has ordered the Joint Operations Command of the Ministry of Defence to initiate ‘Gallant Knight 3’, a humanitarian operation to support Palestinian people in the Gaza Strip. His Highness instructed the Joint Operations Command to work in close collaboration with the Emirates Red Crescent, the Khalifa bin Zayed ...

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• 5 November

  Tanishq Opens First Boutique in Sharjah

  

  SHARJAH/ GULF TIME Tanishq, India’s most-loved jewellery brand from the TATA Group, has opened its first boutique in Sharjah at the newest retail and leisure destination in the Emirate, Sharjah Central. The stunning 1800 square-foot store was inaugurated by Paul T Joseph, President of AKCAF, and Adv. Y A Rahim, President, Indian Association at Sharjah. They were joined by Mr. ...

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