The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Bloomberg Credit Suisse Group AG may have spied on other employees beyond former star banker Iqbal Khan and its ex-head of human resources, Swiss newspaper SonntagsZeitung reported, citing people familiar with the matter and a probe of the bank’s activities by banking regulator Finma. The Swiss bank surveilled a former employee in the US as well as an ex-staff member ...

Bloomberg European stocks dropped after President Donald Trump stoked tensions with China and virus cases across Germany and the UK continued to rise. Treasury yields fall and oil dropped to a two-month low. Technology shares led losses in the Europe Stoxx 600 Index, while the FTSE 100 Index was buoyed by the weaker pound. EasyJet Plc shares slumped after the ...

Bloomberg India’s sovereign bond market is on tenterhooks again. Just days after announcing measures to lower yields, the central bank has given signals that traders interpret as a lack of interest from authorities in pushing rates down further. The yield on the five-year bond climbed 29 basis points so far in the three trading sessions to Tuesday while the rate ...

Bloomberg Asian investors appear confident the current gyrations in US tech stocks will not spark the same level of swings in the Asia Pacific region, according to at least one key indicator. While a gauge of 10-day volatility in the S&P 500 Index spiked to a two-month high last week amid the accelerating selloff in tech, a similar measure for ...

CAIRO / WAM The UAE has reiterated that terrorism poses a significant threat to international peace and security, stressing that terrorist acts often begin with the use of extremism and violence as means to create change. This statement was made by Mariam Khalifa Al Kaabi, Acting UAE Ambassador in Cairo, during a seminar on efforts to combat terrorism and extremism ...

Bloomberg Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel consumption in the largest oil-importing region is wavering. The company ...

Bloomberg European stocks climbed as analysts speculated the market could be relatively resilient as Asian and US markets start pulling back. The pound weakened on concern the UK is inching closer to a no-deal Brexit. The Europe Stoxx 600 opened higher on Monday with broad gains across industry groups. The dollar index strengthened, while oil extended a retreat below $40 ...

Bloomberg SoftBank Group Corp. shares tumbled in Tokyo after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks. SoftBank shares dropped as much as 8%, the most on an intraday basis since March. The stock had gained 33% this year before Monday. The Financial Times, Wall Street Journal and Zero Hedge reported ...

Bloomberg Saudi Arabia cut pricing for oil sales in October, a sign the world’s biggest exporter sees fuel demand wavering amid more coronavirus flare-ups around the globe. The kingdom’s state producer, Saudi Aramco, reduced its key Arab Light grade of crude by a larger-than-expected amount for shipments to Asia, its main market. It also lowered pricing for US buyers. Aramco ...

RIYADH / WAM The G20 education ministers held a virtual extraordinary meeting to emphasise the central role of education in enabling people to seize the opportunities of the twenty-first century especially during the coronavirus pandemic, reported the Saudi Press Agency (SPA). The ministers expressed their support for individual and collective efforts to mitigate the unprecedented consequences of the novel coronavirus ...