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  Bloomberg Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister Arkhom Termpittayapaisith said ...

  Bloomberg Serbia lifted its benchmark interest rate to the highest level in more than three years, seeking to strike a balance in taming accelerating inflation without undermining economic growth. The central bank raised its one-week repurchase rate by a quarter percentage point to 3%, in line with expectations of most analysts in a Bloomberg survey. The decision marked the ...

Bloomberg Nigeria’s anti-graft agency said it would arrest foreign currency traders found to be hoarding the dollar after a plunge in the country’s currency last month. The Economic and Financial Crimes Commission called foreign exchange dealers to a meeting in a bid to end “brazen foreign exchange speculation” that’s causing “a run on the value of the naira,” the agency ...

Bloomberg US-listed China stocks slid on Friday after some of the Asian nation’s largest state-owned companies announced plans to delist from American exchanges amid a spat over audits and generally worsening tensions between the world’s top two economies. Alibaba Group Holding Ltd., Pinduoduo Inc. and JD.com Inc. each fell 3% to 4%, while the Kraneshares CSI China Internet Fund ETF ...

  Bloomberg Bank of America Corp (BofA) says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal Reserve will dial back its interest-rate hikes soon enough to keep US economy out of a recession. Global equity funds pulled in $7.1 billion in the week through August 10, strategists led by Michael ...

  Bloomberg Stocks in India are likely to outperform US peers in the coming quarters, boosted by better economic prospects and stellar earnings growth, according to Deutsche Bank AG. “Indian macros are firing on all cylinders,” Mayank Khemka, chief investment officer for India at the bank, said in an interview, pointing to economic data ranging from power and fuel demand ...

  Abu Dhabi / WAM A new generation of the Emirati passports will be issued from September 1, the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), announced. It represents a new technological leap in line with the directions of the wise leadership to consolidate the movement towards the smart government to maximise the civilised status of the ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Thursday discussed with British Prime Minister Boris Johnson bilateral relations and ways to enhance them in various domains. During a phone call, President His Highness Sheikh Mohamed bin Zayed and Johnson also tackled a number of regional and global issues of mutual interest. They also ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Thursday reported its second quarter 2022 financial results, recording quarterly revenue of AED7.01 billion and a net profit of AED2.61 billion. For the first half 2022, Dewa’s revenue is AED12.08 billion, and net profit is AED3.30 billion. Dewa’s first half revenue increase of 15% to AED12.08 billion was mainly ...

  DUBAI / WAM Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company “Muqassa”, a subsidiary of Saudi’s Tadawul group, signed a memorandum of cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with ...