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

  SAN FRANCISCO / AP Ten people suffered stab wounds and other injuries after members of a white nationalist group that planned to rally outside the California state Capitol building in Sacramento clashed with a larger group of counter protesters, authorities said. The fight broke out when about 30 members of the Traditionalist Worker Party gathering to rally around noon Sunday ...

  Bloomberg Sintra was never meant to be like this. The European Central Bank’s annual forum in the luscious Portuguese retreat outside Lisbon, was intended as a laid-back event where central bankers and academic economists can thrash out the theories of monetary policy. Instead, reality has intruded once again, this time in the form of the UK’s shock decision to ...

  Bloomberg Nordea Bank AB underscored its intention to hand shareholders bigger dividends each year amid speculation it may need to hold more regulatory capital after underestimating the risk in its corporate loan book. The bank paid 64 euro cents per share in 2015, more than doubling payouts to investors since 2010. After backtracking in January on a pledge to ...

  Bloomberg Italy is considering injecting capital into some lenders after the U.K.’s vote to leave the European Union sparked a selloff among banks already hurt by investor concerns tied to their bad loans, according to people with knowledge of the discussions. The government is weighing measures that may add as much as 40 billion euros ($44 billion), said one ...

  Bloomberg PPC Ltd., South Africa’s largest publicly traded cement maker, said it received 4 billion rand (US$263 million) of bank guarantees to underwrite the sale of shares to existing investors, adding to facilities it received last week to redeem bonds. A group of lenders including Standard Bank Group Ltd, Nedbank Group Ltd, FirstRand Ltd’s Rand Merchant Bank and Barclays ...

  Bloomberg China weakened its currency fixing by the most since last August as global market turmoil spurred by Britain’s vote to leave the European Union sent the dollar surging. The People’s Bank of China set the reference rate 0.9 percent weaker at 6.6375 a dollar. A gauge of the greenback’s strength jumped 2.4 percent in the past two days, ...

  Bloomberg India’s economy will be among the least impacted in Asia by the UK’s vote to exit the European Union given its relatively low exposure to trade, according to Morgan Stanley. “Increased uncertainty in the external environment due to UK’s vote should add to downward pressures on growth and inflation in the region,” Morgan Stanley economists including Chetan Ahya ...

  Al-Qaa / AFP A string of suicide bombings early on Monday killed at least five people in a Lebanese village near the volatile border with war-ravaged Syria. The attack came just hours after the IS group on Sunday claimed responsibility for a suicide bomb that killed seven soldiers on Jordan’s border with Syria. Monday’s deadly blasts struck Al-Qaa, a predominantly ...

  AMMAN / AP The extremist IS group claimed responsibility for last week’s deadly suicide attack on a Jordanian army post on the Syrian border, posting a video online on Monday it said shows the car bomb blast. The video, which was posted on the Facebook page of the IS news agency Amaq, shows a vehicle kicking up dust as it ...

  ISLAMABAD / AP A former Afghan warlord has announced that a much-touted peace deal between his militant group and the Kabul government is effectively “dead.” The comments by Gulbuddin Hekmatyar came after his Hezb-i-Islami effectively scuttled the deal, drafted weeks ago, with new demands. Hekmatyar offered a lengthy diatribe against Kabul in the Daily Shahadat magazine belonging to his ...