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Gulf Today Report
Investments into money market funds rose to the highest this year in March, following a decline in bond prices and fresh restrictions in Europe.
Global money market funds received inflows of $44.7 billion, the largest inflow since December, according to data by Refinitiv Lipper.
However, equity funds recorded $17.6 billion inflows, the lowest in three weeks due to increase in US bond yields.
Overall, equity funds received net buying of $289.6 billion in the first quarter, the biggest since at least 2013, though the inflows slowed by the end of the quarter.
Meanwhile, investors net bought $8.4 billion worth of global bond funds, which was about 19% higher than the previous week, boosted by inflows into US medium-term bonds and high-yield bonds.
Investors were looking ahead to Friday’s meeting of China’s legislature for details of possible new steps by Beijing to stimulate its virus-battered economy. London and Frankfurt opened lower. Tokyo, Shanghai and Australia declined after spending the day swinging between gains and losses.
Classical economic theories suggest that the greater the temptation, the less likely we are to be honest -- but a new study turns the idea on its head, finding that altruism, and a powerful aversion to viewing oneself as a "thief," outweigh the financial incentives.
Weak rays of early morning sun seep through the smoke rising from smouldering piles of dried dung, keeping flies away from the precious cattle.
The World Expos like Expo 2020 Dubai, have provided a platform to showcase or announce the greatest innovations that have shaped the world we live in today. The Expo 2020 continues the tradition as a number of latest technologies on display at various pavilions.
The Ministry of Culture and Youth unveiled its strategic agenda and announced a series of international conferences for Expo 2020 Dubai, which opened its doors to visitors on October 1, 2021. The Ministry’s programme aims to showcase the richness and diversity of the UAE’s cultural landscape,
Another breakthrough was sealed between the UAE and Israel on Wednesday morning with the signing of a Memorandum of Understanding (MoU) on space exploration. Details of the MoU, signed at the Leadership Pavilion within the Expo 2020 Dubai, by UAE Minister of State for
Economic progression happens where businesses are making massive transactions to further trade of good ad services. Kashif Ansari, CEO Juwai IQI speaking to Gulf Today exclusively from Kuala Lumpur shared his thoughts that with global economy opening, investors and travellers.