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06 Apr 21

Payments giant Stripe expands to Middle East with Dubai office

Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50 companies, each processing over $1 billion annually to receive payments and […]

Goldman Axes Short Dollar Call as U.S. Yields Spoil Bet

April 5, 2021
Invest
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Almost six months after Goldman Sachs Group Inc. recommended shorting the dollar, it’s calling it quits on the trade. In a note titled “tactical retreat,” Goldman’s currency team closed its recommended short greenback position against a basket of Group-of-10 commodity currencies, including the Australian and New Zealand dollars. The firm joins hedge funds and other […]

05 Apr 21

Builders and Vaccines Power UAE Business Growth Near 2-Year High

Business conditions in the United Arab Emirates improved at the fastest pace in 20 months, taking a sharp turn for the better with the vaccine rollout and an upswing in construction work. Non-oil private sector activity grew for a fourth month in March, the longest run of expansion since late 2019, according to IHS Markit. […]

02 Apr 21

Stock market news live updates: Stock futures rise ahead of jobs report, market holiday

Stock futures rose Friday morning after a record-setting day on Wall Street, with traders looking ahead to the Labor Department’s March jobs report. Regular U.S. stock trading will not take place on Friday in observance of the Good Friday holiday, and equity futures trading will close in the morning. Still, the Labor Department will release its […]

Asia Stocks Track U.S. Gains; Treasuries Pare Drop: Markets Wrap

April 1, 2021
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Stocks rose Thursday and U.S. equity futures were steady as the global recovery and President Joe Biden’s infrastructure plan helped traders look past escalating curbs from Covid-19 flareups. Bonds trimmed losses. A gauge of Asia-Pacific shares was set for its first climb in three days, with Hong Kong leading gains, after data signaled regional manufacturing […]

31 Mar 21

Brevan Howard Runs $50 Billion Unit Like BlackRock’s Aladdin

Brevan Howard is making money for its billionaire co-founder Alan Howard and other partners through more than just hedge fund fees. The investment firm best known for running macro trading strategies has persuaded the likes of SoftBank Group Corp., hedge fund Penso Advisors and 15 others to use its high-tech operational infrastructure that once only […]

30 Mar 21

BMW has got its timing right for beefing up electric cars: CEO

BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker is behind on electrification and could make its stock compete with the likes of Tesla Inc, its top executive said. “There is a perception that we took a break, but we actually didn’t take a […]

29 Mar 21

Oil Falls as Suez Ship Partially Refloated, Market Weighs Demand

Oil retreated as salvage teams partially refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global demand before an OPEC+ policy meeting. West Texas Intermediate lost as much as 1.9%, while Brent fell. Crude has been hit by rising volatility in recent sessions, with […]

FOREX-Dollar enjoys improving economic outlook, doubts surround euro

March 26, 2021
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Dollar holds gains against major currencies * Full data calendar awaits traders later in day * Aussie and kiwi stabilise after brief declines By Stanley White TOKYO, March 26 (Reuters) – The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism over improving U.S. economic data, the […]

25 Mar 21

Stock market news live updates: Stock futures rise, steadying after tech-led drop

Stock futures pointed to a higher open Thursday morning, with equities looking to steady following another session of declines. Contracts on each of the Dow and S&P 500 were higher. Nasdaq futures outperformed, after the index shed 2% on Wednesday amid another day of selling for technology shares. U.S. crude oil prices gave back some […]

Payments giant Stripe expands to Middle East with Dubai office

Goldman Axes Short Dollar Call as U.S. Yields Spoil Bet

Builders and Vaccines Power UAE Business Growth Near 2-Year High

Stock market news live updates: Stock futures rise ahead of jobs report, market holiday

Asia Stocks Track U.S. Gains; Treasuries Pare Drop: Markets Wrap

Brevan Howard Runs $50 Billion Unit Like BlackRock’s Aladdin

BMW has got its timing right for beefing up electric cars: CEO

Oil Falls as Suez Ship Partially Refloated, Market Weighs Demand

FOREX-Dollar enjoys improving economic outlook, doubts surround euro

Stock market news live updates: Stock futures rise, steadying after tech-led drop

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