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Last week, global equity investors got a much-needed reprieve from volatile, loss-inflicting markets. But rather than signaling the start of a calmer market phase, this may well prove a prelude to renewed volatility in the weeks ahead. After ending the last trading session of the previous week with a gain, global stocks got off to a good start last Monday. ...

China’s overseas investment has long worried Western observers. From the constant updates on the soon-to-be operational Asian Infrastructure Investment Bank (AIIB), to the rather more nebulous One Belt One Road initiative, China’s trade and economic influence is spreading on multiple fronts. This has fed into broader anxieties in the West, who feel that important allies and opportunities are slipping into ...

Hong Kong / AFP Asian shares swept higher on Monday, with Shanghai leading the charge after China replaced its securities regulator, while a rise in oil prices cheered investors across the region. Equities extended last week’s sharp rally, notching gains almost across the board after news that Russia and Saudi Arabia may freeze production sent crude higher. Chinese shares closed ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.90% to close at 4283.99 points. Accordingly the Market Capitalization has gained AED12.95 Billion attaining AED694.92 Billion. A total of 1.18 Billion Shares were traded with a total value of AED1.32 Billion during the trading session of 2016-02-22 through 12755 transactions. The number of companies which has been traded ...

Tokyo / AFP Tokyo stocks shrugged off early losses on Monday morning as a weakening yen gave a lift to exporters and oil prices rebounded, after the market’s biggest weekly rise in six years. The benchmark Nikkei 225 index fell at the opening bell, tracking a dip on US and European markets Friday, as uncertainty hung over world oil output. ...

Bloomberg Private air travel is getting the Uber treatment with some of the industry’s biggest customers investing $26.1 million in a company that lets users book private jets from a smartphone. Most private aircraft aren’t used that much, JetSmarter founder Sergey Petrossov, a Russia-born Florida resident, said in an interview. They either stand idled at airports or are flying empty ...

Bloomberg Domodedovo International Airport bonds pared the steepest drop on record after chairman and owner Dmitry Kamenshchik was put under house arrest instead of jail and a prosecutor said the charges against the businessman are unlawful. The bonds fell the most on record recently and the yield surged 294 basis points to 9.38 percent, the highest since March, after investigators ...

Reykjavík / Relaxnews Iceland’s flag carrier has launched a new Wi-Fi service that lets passengers stay connected for the duration of its flights, including takeoff and landing. As any regular air traveller knows, electronic devices must currently be switched off during takeoff and landing. Even on board planes already equipped with Wi-Fi, passengers are asked to wait until the plane ...

Washington / Bloomberg Boeing Co. is finally open for business in Iran. The US government cleared the manufacturer to begin talking with approved Iranian carriers about their fleet needs, a first step toward entering the country’s resurgent aircraft market, Boeing said. The planemaker will still need a separate license to complete any commercial jetliner sales. Europe’s Airbus Group SE, which ...

Cape Town / Bloomberg South African furniture retailer JD Group Ltd. plans to close about 260 stores employing thousands of workers as it seeks to stabilize its finances. About 1,800 employees will be affected, according to the company, although a trade union put the figure at 4,110. The closings are key to securing the employment of JD Group’s remaining employees, ...