June, 2023

• 14 June

  Ruler of Sharjah honours Talent Beyond Boundaries

  

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, in the presence of his wife HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of The Big Heart Foundation (TBHF) and Eminent Advocate for Refugee Children at UNHCR, honoured Talent Beyond Boundaries (TBB), the winner of the 7th edition of the Sharjah ...

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• 14 June

  Sheikh Abdullah meets Vietnamese counterpart

  

  HANOI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Bui Thanh Son, Minister of Foreign Affairs of Vietnam, during his visit to Hanoi. The two sides discussed ways of boosting bilateral relations and joint cooperation in all sectors, especially economic. They also reviewed the two countries’ efforts to reach a comprehensive economic partnership ...

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• 14 June

  Swiss stock exchange is investigating worst outage in one decade

  

  BLOOMBERG The SIX Swiss Exchange is investigating the technical glitch that caused the country’s worst stock market outage in more than decade. The Zurich-based exchange said it will release findings from its investigation in a couple of days. “It was a technical issue,” said Juerg Schneider, the Swiss exchange’s head of media relations, without giving details about the specific nature ...

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• 14 June

  Bond yields drop as traders gear up for Federal Reserve pause

  

  BLOOMBERG Treasury yields fell amid market expectations that the Federal Reserve will keep its interest rates steady for the first time in 15 months to evaluate whether or not further tightening is needed. Bonds reversed course on Wednesday, with yields dropping across the curve, after another inflation reading showed signs of cooling. The market for wagers on the outlook for ...

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• 14 June

  ECB’s €500b payoff puts Italian banks in firing line

  

  BLOOMBERG  The European Central Bank (ECB) is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go. While the €4 trillion or so of excess liquidity sloshing around the financial system should limit the overall impact of the giant repayment, individual firms and ...

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• 14 June

  UBS to keep Credit Suisse’s Asia wealth teams

  

  BLOOMBERG  UBS Group AG plans to retain a few hundred Credit Suisse private bankers in the Asia Pacific region, bringing its total to more than 1,200 in one of the few areas spared from deep cuts, according to people familiar with the matter. The move is being driven by global wealth chief Iqbal Khan, who is betting Asia will continue ...

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• 14 June

  Toyota soars on optimism over EV plans

  

  BLOOMBERG  Toyota Motor Corp posted its biggest two-day gain in three years, fuelled by an aggressive messaging campaign around the Japanese carmaker’s electric-vehicle strategy, a drama-free shareholders’ meeting and a broader global stock rally. Shares in the world’s largest carmaker are up 12%, their biggest jump since March of 2020, with the reappointment of Chairman Akio Toyoda adding to the ...

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• 14 June

  Arm courts Intel as anchor investor in upcoming IPO

  

  BLOOMBERG  Arm Ltd, the chip designer backed by SoftBank Group Corp, is in talks with potential strategic investors including Intel Corp to anchor what will be one of the largest initial public offerings of the year, people familiar with the matter said. UK-based Arm has held talks with other companies about participating in the IPO, according to the people, who ...

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• 14 June

  UAE President receives distinguished scholarship programme graduates

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed a delegation of accomplished graduates from the scholarship programme organised by the Ministry of Education. The meeting took place at Qasr Al-Bahr, where His Highness expressed his congratulations to the graduates for their outstanding achievements and commended their dedication and commitment to excellence throughout their academic journey. His ...

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• 14 June

  UAE President receives Sinan Al-Awsi

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received today at Qasr Al-Bahr the Iraqi engineer, Sinan Al-Awsi, who is currently residing in the UAE. Recognizing Al-Awsi’s exemplary community initiative of planting and nurturing trees on one of Abu Dhabi’s streets, His Highness applauded his efforts and expressed appreciation for such benevolent initiatives. His Highness reiterated that ...

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