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Bloomberg The Kazakh bank that received one of the country’s biggest bailout packages in recent years has paid out about $430 million in dividends, including from profits booked before the rescue. First Heartland Jusan Bank, known as Tsesnabank before it was bought by a fund set up by leader-for-life Nursultan Nazarbayev, resumed payouts in 2020, regulatory filings show. In 2018 ...

Bloomberg Bank of Baroda plans to raise 50 billion rupees ($690 million) from sales of shares and bonds after posting an unexpected loss in fourth quarter. India’s state-run lender’s borrowing plan includes raising as much as 20 billion rupees through a sale of shares and up to 30 billion rupees via bonds that qualify as capital, according to an exchange ...

Bloomberg A proposal by the Swedish central bank intended to address liquidity shortages in the country’s corporate bond market has been met with disbelief by a number of asset managers. The Riksbank last week repeated its call to improve the market’s functioning but added a new demand: revise the regulatory framework so corporate bond funds “cannot offer daily redemptions,” according ...

Bloomberg Stocks rise with US equity futures, and commodities including oil jumped, as a string of positive economic readings spurred optimism in the recovery from the pandemic. The Stoxx Europe 600 Index gained 1%, led higher by cyclical shares, as data showed that euro-area factories are struggling to keep up with surging demand and joblessness in Germany fell. Reports signaling ...

Bloomberg Singapore government bonds beat their biggest developed-market peers in May as a flare-up in virus infections in the city state fostered demand for haven assets. The securities gained 1.1% last month, a performance which trails only that of South African, Mexican and Indonesian bonds among 30 of the world’s largest debt markets, according to data compiled by Bloomberg. Fifteen- ...

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered an aid flight to transport much needed cholera kits from the World Health Organisation’s logistics hub in Dubai to Bangladesh to assist the country in combating an escalating cholera outbreak. Under His Highness’s directives, the International Humanitarian City (IHC) in ...

Bloomberg Oil advanced ahead of an Opec+ policy meeting as traders expect rising demand to absorb a planned production increase from the group as well as any additional crude from Iran. Futures in New York climbed past $67 a barrel, putting crude on track for a second straight monthly gain. Opec and its allies are expected to stick with a ...

ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) and the Nuclear and Radiological Regulatory Commission (NRRC) of Saudi Arabia concluded the first bilateral cooperation initiative in the nuclear regulatory industry. The cooperation initiative is part of an agreement signed in 2019 on the peaceful use of nuclear energy between the two countries. A one-month series of ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner General of Expo 2020 Dubai, received at his palace Massimo Badji, Swiss Ambassador to the UAE, and a number of heads of religious sects. They discussed ways to enhance cooperation between the UAE and Switzerland across various fields. They exchanged views on a ...

Abu Dhabi / WAM The Philippines wants to closely cooperate with the United Arab Emirates to achieve food security, according to a top Philippine official. In an exclusive interview with Emirates News Agency (WAM), Ramon M Lopez, Minister of Philippines Department of Trade and Industry and Philippine Commissioner General of Expo 2020 Dubai, said, “The Philippines and the UAE share ...