February, 2016

• 25 February

  ENEC showcases corporate excellence initiatives

  

  Abu Dhabi / Emirates Business As part of the Knowledge Forums that were launched in 2014, the Emirates Nuclear Energy Corporation (ENEC) in coordination with the Office of the Abu Dhabi Excellence Program at the Secretariat of the Executive Council (GSEC), showcased its government excellence experience, initiatives and projects at the forum which was held at Dusit Thani hotel in …

  Read More »
• 25 February

  Brexit tripling chance of UK falling into recession

  

  BLoomberg Fancy another recession? Economists say voting to leave the European Union would dramatically increase the U.K.’s chances of heading down that road. As Britons contemplate their place in the 28-nation bloc before June’s referendum, respondents to a Bloomberg survey said the probability of a slump spikes to 40 percent in the event of an “out” vote. That compares with …

  Read More »
• 25 February

  Blues as plunging currency pounds British vacationers

  Bloomberg Rachel Holdsworth has the “Brexit” blues. The 38-year-old London resident is anxious that her already expensive planned holiday to Norway is getting pricier with each passing day. The pound is sinking under the weight of worry that her fellow subjects will vote to quit the EU. “How much I pay will be entirely dependent on the exchange rate,” says …

  Read More »
• 25 February

  Bank of England must be ready to tackle risks, says Cunliffe

  

  Bloomberg Bank of England Deputy Governor for Financial Stability Jon Cunliffe said risks to the UK outlook have increased and policy makers must be ready to act if needed. In a speech in London, Cunliffe said the global and domestic expansion has been weaker than he expected, pay growth will probably remain subdued and “deeper structural factors” may be at …

  Read More »
• 25 February

  German govt bonds resilient to inflation, raise outlook for ECB

  Bloomberg Investors are clinging to their German government bonds, looking beyond a report on Thursday that’s predicted to confirm that euro-area inflation accelerated last month to the fastest rate since 2014. As more forward-looking measures signal the European Central Bank is struggling to meet its longer-term consumer-price objectives, the yield on benchmark German 10-year securities stayed about 0.1 percentage point …

  Read More »
• 25 February

  Consumer spending drives UK growth as investment slumps

  

  Bloomberg Consumer spending drove the U.K. economy to a 12th straight quarter of growth as the global slowdown took its toll on exporters and business investment slumped. Household spending rose 0.7 percent between October and December, helping to counter a second quarter of declining exports and the biggest drop in business investment in almost two years, the Office for National …

  Read More »
• 25 February

  Spanish consumers sustain growth momentum as poll impasse stays

  

  Bloomberg The strength of Spanish consumers helped maintain momentum in the fourth quarter as an inconclusive election result led to political gridlock. Household consumption showed signs of resistance expanding 0.8 percent from the previous three months, when it grew 1.1 percent, the Madrid-based National Statistics Institute said on Thursday. Gross domestic product expanded 0.8 percent in the three months to …

  Read More »
• 25 February

  Emirates Securities Market down by 0.37 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.37% to close at 4239.35 points. Accordingly the Market Capitalization has lost AED2.56 Billion attaining AED687.68 Billion. A total of 0.65 Billion Shares were traded with a total value of AED0.66 Billion during the trading session of 25-02-2016 through 7094 transactions. The number of companies which has been traded …

  Read More »
• 25 February

  European shares rebound despite China slide

  

  London / AFP European stock markets rebounded on Thursday despite another slide for Chinese share prices, as investors looked ahead to a key meeting of finance ministers to discuss strains in the global economy. London’s benchmark FTSE 100 index rallied to stand 2.0 percent higher in late morning deals. In the eurozone, Frankfurt’s DAX 30 won 0.8 percent and the …

  Read More »
• 25 February

  Tokyo shares higher in early deals on Wall St gains

  Tokyo / AfP Tokyo shares rose in early trading on Thursday as a weaker yen provided support to exporters following a positive lead from Wall Street as oil prices rebounded from steep falls. US stocks pushed higher on Wednesday as crude prices stabilised, with both US and Brent closing modestly higher following Tuesday’s slump of more than four percent. Higher …

  Read More »