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Bloomberg Sri Lanka aims to bolster its currency reserves and finances through a sprawling plan that includes boosting export earnings repatriation and tax reforms, as well as outside funding, currency swaps and possibly repurchasing or renegotiating debt, its central bank chief said. Ajith Nivard Cabraal, the central bank of Sri Lanka’s newly appointed governor, said the country aims to provide ...

Bloomberg A Bank of England (BOE) rate hike looks likely this year if UK supply problems don’t ease and inflation pressures aren’t tempered by the end of government job support. That’s according to Allan Monks, an economist at JPMorgan Chase & Co., who said in a note to clients that while the Monetary Policy Committee would prefer to delay a ...

Bloomberg For the world’s leading Covid-19 vaccine makers, news that Merck & Co’s experimental pill cuts the risk of hospitalisation and death in half was the latest blow in a very bad week. Stocks including Moderna Inc and BioNTech SE have shed about $84 billion in combined value this week in the aftermath of a stock market slump that sent ...

Bloomberg Newly listed stocks provided a surprising source of gains during the US market’s worst month since March of 2020. Typically losers in a risk-off environment, New York’s initial public offerings (IPOs) instead delivered a rise of 25% on average during September’s selloff in the broader market. Consumer-facing stocks such as Dutch Bros Inc and On Holding AG that opted ...

Bloomberg Oil rises in tandem with equity markets while traders turned their attention to an upcoming Opec+ meeting that may yield supply increases. Futures in New York rise 1.1%. US benchmark crude posted a sixth straight weekly gain, the longest streak of weekly advances since early July. Buzz continued around whether on Monday Opec will decide to increase output after ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation, headed by Antonio Malouf, Guatemala’s Minister of Economy, at the House of Wisdom in Sharjah to explore and strengthen the framework of economic collaboration and enhance commercial and investment partnerships between the emirate and the Central American country. ...

DUBAI / WAM The proposed Comprehensive Economic Partnership Agreement (CEPA) between India and UAE will help both countries serve larger international markets, according to a top Indian official. In an exclusive interview with Emirates News Agency (WAM), Piyush Goyal, Indian Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, said, “It (CEPA) will not only help ...

DUBAI / WAM The 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) will witness an array of major German companies in the German pavilion. Dubai Electricity and Water Authority (Dewa) is organising the exhibition under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

Sharjah / WAM The Department of Water and Desalination Plants at Sharjah Electricity, Water and Gas Authority (Sewa) revealed the completion of a project to replace and develop Al Falaj water pumping station with a pumping capacity of 73.9 million gallons per day, contributing to saving 879 MWs of electricity annually and reducing CO2 emissions to 503 tonnes annually, at ...

Dubai / WAM The 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) will witness an array of major German companies in the German pavilion. Dubai Electricity and Water Authority (Dewa) is organising the exhibition under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...