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

Hong Kong’s stock market is in need of support. While the Hang Seng Index rose the most in more than 10 months after Chief Executive Carrie Lam formally withdrew an extradition bill that sparked months of protests, the benchmark remains 5% lower than in mid-June before the turmoil started. The government should consider cutting the trading tax, or stamp duty, ...

The Business Roundtable touched off a storm of commentary with its abandonment of the “shareholder primacy” view that the goal of a for-profit business corporation should be to maximize shareholder value. Most people celebrating this move seem to think it means stakeholders such as employees, customers, suppliers and communities will do better if corporate boards and managers treat their interests ...

Investors who are optimistic about the outlook for the US economy and financial markets due to reports of healthy consumer spending, retail sales and an unemployment rate that held near a 50-year low in August need a history lesson. Even though consumer spending accounts for about two-thirds of the economy, it was a poor predictor of the last two recessions, ...

Democracy, Winston Churchill once famously said, was the worst way to run a country “apart from all the others that have ever been tried.” Unfortunately, he did not make clear what kind of democracy he favoured. Britain’s dreadful Brexit impasse has divided the country into roughly equal camps, both convinced democracy has been traduced. And they both have a point. ...

Marks & Spencer Group Plc (M&S) showed off its key looks for the autumn winter season this week. It is aiming to woo shoppers with 1970s-inspired prints, jewel toned blouses and tailored coats. But the high street stalwart has gone out of fashion with investors. Its shares are set to fall out of the FTSE 100 index for the first ...

The grounding of Boeing Co.’s 737 Max after a pair of accidents killed 346 people might seem an unmitigated disaster for the world’s airline industry. Look at flight data, though, and you can glimpse a grim benefit supporting carriers’ bottom lines. To see why, it’s worth remembering just how crucial the 737 and its arch-rival, the Airbus SE A320, are. ...

Bloomberg US equity futures drifted while European shares fell and Asian stocks were mixed as investors marked time before key central bank meetings in the coming days. The dollar strengthened. Contracts on the three main US indexes signalled they’ll open with modest declines. The Stoxx Europe 600 Index dropped a second day, led by financial services and health-care shares. The ...

Bloomberg Small is decidedly not beautiful for European equities, according to Societe Generale (SocGen) SA. Investors should short the Euro Stoxx Small Index while going long on the blue-chip Euro Stoxx 50 Index, given the prospect of greater “liquidity-driven shocks” ahead for markets, SocGen strategists said. European equity funds have registered almost nonstop outflows this year, a trend that isn’t ...

Bloomberg Chinese investors have paused in their pursuit of Hong Kong stocks. They sold a net HK$175 million ($22 million) of the city’s shares on Tuesday, according to data compiled by Bloomberg. That followed purchases of $10.2 billion over the previous 37 sessions, the longest streak since late 2017. Mainland traders had been attracted by cheap valuations as the benchmark ...

Bloomberg Deutsche Bank AG Chief Financial Officer James von Moltke softened the lender’s mid-term revenue target just two months after setting it. The company now expects revenue of 24 billion euros ($26.6 billion) to 25 billion euros in 2022, von Moltke said at the Barclays Global Financial Services Conference in New York. That compares with a goal of about 25 ...