Traders work on the floor of the New York Stock Exchange on Tuesday. Reuters
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But this year comparatively little has been happening.
London Metal Exchange’s (LME) storage problems may badly affect small tin markets, according to analysts. Is the exchange’s physical storage function in danger of slipping into the shadows? That’s the question at the heart of the LME’s latest public discussion paper on its troublesome warehouse network.
European Commission President Jean-Claude Juncker said on Wednesday it was unlikely the European Union would reach any decision on Brexit at this week’s summit in Brussels.
Etihad Rail, the developer and operator of the UAE national railway, has approved the award agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai,
Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar.
The Abu Dhabi Government, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,