Gulf asset manager Amwal Capital Partners is set to launch a fixed income division to tap increasing opportunities in the region, two sources with knowledge of the matter said.
UAE’s DP World signed $3 billion worth of memoranda of understanding with India’s Gujarat state government, the Dubai media office said in a statement.
Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia.
Futures tracking the benchmark S&P 500 and the blue-chip Dow were subdued on Wednesday as traders braced for key inflation reports and earnings from major lenders later in the week, while a dip in Treasury yields aided gains in the tech-laden Nasdaq.
BlackRock and Ark Investment Management on Wednesday lowered the fees for their proposed spot bitcoin exchange traded funds (ETFs), looking to undercut almost a dozen other competitors racing to launch such investment vehicles.
The global unemployment rate is expected to inch up to 5.2% this year primarily because of a rise in joblessness in advanced economies, the International Labour Organization (ILO) said on Wednesday.
U.S. asset managers remain hopeful the securities regulator will permit the trading of spot bitcoin exchange-traded funds (ETFs), even after a fake post on the agency’s social media account saying they had been approved sparked confusion on Tuesday.
U.S. Treasury yields will trade around current levels over the coming six months before falling later in the year, according to bond strategists polled by Reuters, suggesting markets were fully priced in for Federal Reserve interest rate cuts.
Spanish pharma company Grifols said on Wednesday it would launch legal action against Gotham City Research after the short-seller fund published a critical report that wiped $2.5 billion off the Barcelona-based firm’s market value on Tuesday.
