A trader works on the floor of the New York Stock Exchange on Thursday. Associated Press
Asian shares pushed higher on Friday after US President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation.
Global equity benchmarks and oil prices rose while US Treasury bonds dipped on Wednesday as investors weighed the likelihood of further US stimulus under the incoming Biden administration against worsening coronavirus outbreaks in China and the
Democrats who control the chamber passed the sweeping measure by a mostly party-line vote of 219 to 212 and sent it on to the Senate, where Democrats planned a legislative maneuver to allow them to pass it without the support of Republicans.
Global stock markets jumped on Wednesday after the release of more upbeat data about the COVID-19 vaccine being developed by Pfizer and BioNTech. Traders have this month been encouraged by announcements of progress toward possible vaccines and on Wednesday
Blue Whale Acquisition Corp I, a new special purpose acquisition company (SPAC) formed by Abu Dhabi’s Mubadala Capital, announced on Wednesday that it raised $200 million by offering 20 million units at $10 per unit. The units of the new entity targeting media, entertainment
Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for US employment data to provide clues to the pace of monetary tightening in the world’s biggest economy. Strong corporate profits have eased concerns over
The Sharjah Entrepreneurship Center (Sheraa) is empowering a group of tech-minded young students in the UAE by sponsoring their participation in a unique coding journey designed to develop key future skills as part of the Leagues of Code Summer Camp.
Abu Dhabi Department of Economic Development’s (ADDED) Industrial Development Bureau (IDB) announces the activation of a monitoring and self-evaluation programme for the industrial facilities in Abu Dhabi, to encourage them to self-evaluate their processes with