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Reuters Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices. Meanwhile, rising tensions between Saudi Arabia and Iran over instability in Lebanon and the conflict in Yemen have increasingly worried investors. But Dubai’s index closed 1.0 percent higher as Emaar Properties rebounded 2.6 percent. GFH Financial, by far the most heavily traded ...

Abu Dhabi / WAM The value of shares traded in UAE stock markets reported a one-month high of AED900 million, driven by the listing of Emaar Development on the Dubai Financial Market, as well as the recovery of some blue chips. Within this context, the DFM General Index rose 1 percent to 3445, while Abu Dhabi Securities Exchange General Index ...

Bloomberg As Goldman Sachs Group Inc. lends more money to Main Street, one question won’t go away: How many borrowers will pay them back? Goldman’s fledgling online lender Marcus, named after the company’s founder, is targeting consumers at a time when many are bracing for a downturn after eight years of economic expansion. A recent example it gave suggests the ...

Bloomberg While the yuan has been having its best year since 2011 against the dollar, China’s banks continue stocking up on foreign currency in a sign that they are preparing for greater swings in the exchange rate. Depository corporations — a majority of which are lenders — boosted their holdings to 5.39 trillion yuan ($812 billion) in October, up 383 ...

Bloomberg Mozambique’s central bank, whose pension fund owns 80 percent of Moza Banco SA, is considering the sale of a minority stake after it injects further funds in the failed lender, according to four people familiar with the matter. European Central Bank policy maker Benoit Coeure said he expects policy makers to change their guidance on monetary policy next year, ...

Bloomberg Asia’s swelling ranks of mega-wealthy are proving to be a mixed blessing for Morgan Stanley. The firm’s Asian private banking unit has boosted assets under management and revenue this year, according to Vincent Chui, who oversees the business. But because top bankers keep getting poached by family offices set up by the richest people, a plan to increase headcount ...

Bloomberg China Southern Airlines Co. plans to take advantage of its ties with American Airlines Group Inc. to help beef up its US routes and close in on mainland rivals, the Chinese carrier’s President Tan Wangeng said. A new airport in Beijing, once up and running in 2019, will serve as the state airline’s second hub flying almost 50 million ...

Bloomberg Airbus SE’s Chinese arm is clamoring for high-value work building wings currently made in the UK as Brexit threatens to blunt the country’s competitive edge, according to the group’s top British executive. While the design and manufacture of Airbus wings represents one of the “crown jewels” of UK aerospace, every part is exported into the European Union and would ...

Bloomberg You can buy almost anything on Taobao, China’s biggest e-commerce platform, even a jumbo jet. While most Chinese consumers traffic the Alibaba Group Holding Ltd. app for groceries, clothes, or the odd knickknack, SF Airlines Co. took Taobao shopping to a whole other level. The Chinese carrier bid more than 320 million yuan ($48 million) for two Boeing 747 ...

Bloomberg Happy Cyber Monday! I know—it’s next week. But really, is it? These days, pretty much every day in November offers an extravaganza of online savings. Walmart.com is shaving $549 off a 40-inch 4K HDTV, Amazon.com has a few pages of “Black Friday” deals and BestBuy.com is offering a “rush sale” and the chance to “get a jump on holiday ...