People buy fruit and vegetables at a market in Wellington, New Zealand. Reuters
Australian and New Zealand shares fell sharply on Thursday as investors sold off equities globally in search of safety after a drop in a US bond yield curve highlighted the risk of recession.
Australia and India will be aiming to finish top of the World Cup league phase and so avoid facing hosts England in the semi-finals as they prepare for the final day of round-robin matches.
New Zealand coach Gary Stead has called for the Cricket World Cup’s rules to be overhauled, labelling the showpiece final “hollow” after England defeated the Black Caps on a technicality.
It was a superb display by the underdog Black Caps, who came into the match on the back of three straight defeats by Pakistan, Australia and England and only qualified for the semi-finals on net run-rate, while India topped the 10-team group stage.
Sterling steadied around $1.29 on Friday as dealers took a breather at the end of a dizzying week and on the eve of a vital vote on UK Prime Minister Boris Johnson’s Brexit deal.
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the agenda for Beijing to roll out a fresh fiscal support shortly.
Indian markets gained during the early trade on Friday as investors bought company shares with significant business in Britain after EU and Britain reached a new Brexit.
The Abu Dhabi Department of Energy (DoE) is preparing to take part in Dubai’s ‘Green Week’ event next week, as it also joins the 21st edition of the Water, Energy, Technology and Environment Exhibition (Wetex) as a ‘Diamond Sponsor’.