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Dubai’s stocks trade at steepest discount to EM peers in 22 months

Dubai’s stocks trade at steepest discount to EM peers in 22 months

Dubai stocks haven’t been this cheap compared to emerging market peers since January 2016, according to Bloomberg.

Saudi faces long battle to repatriate assets after corruption crackdown

Saudi faces long battle to repatriate assets after corruption crackdown

Saudi Arabia has announced it will confiscate money and assets held by dozens of top officials and businessmen detained in an anti-corruption crackdown.

Tomorrow’s gas station will charge car, feed you in 10 minutes

Tomorrow’s gas station will charge car, feed you in 10 minutes

A pit stop on a Norwegian highway in the middle of fields between Oslo and the Olympics town of Lillehammer will soon offer a glimpse of the future for the global gas station industry.

Japan’s MUFG seeks $1.8bn stake in Bank Danamon

Japan’s MUFG seeks $1.8bn stake in Bank Danamon

Mitsubishi UFJ Financial Group (MUFG) is in talks to buy a 40% stake in Bank Danamon Indonesia for around ¥200bn ($1.75bn), a person with direct knowledge of the talks told Reuters yesterday.

‘Trump effect’ set to jam up free trade consensus at Apec

‘Trump effect’ set to jam up free trade consensus at Apec

Asia-Pacific ministers struggled yesterday to agree on a joint statement on free trade, a rare tussle over a normally routine document that highlights how Donald Trump’s protectionist “America First” stance is knotting up global trade relations.

Total takes second place in LNG on $1.49bn Engie deal

Total takes second place in LNG on $1.49bn Engie deal

Total agreed to buy the upstream liquefied natural gas assets of Engie for an enterprise value of $1.49bn, making the French oil major the second-largest player in the global LNG market.

AT&T chief says he won’t sell CNN as antitrust tension rises

AT&T chief says he won’t sell CNN as antitrust tension rises

AT&T Inc won’t sell CNN and never proposed such a deal, chief executive officer Randall Stephenson said as a battle escalated with antitrust officials over the $85.4bn acquisition of the network’s owner, Time Warner Inc.

Global stocks tumble as Wall Street, Tokyo hit reverse

Global stocks tumble as Wall Street, Tokyo hit reverse

The world’s stock markets tumbled yesterday on a wave of disappointing earnings reports, compounded by a weaker showing on Wall Street and a slump in Tokyo, traders said.

Emerging stocks flirt with 6-year highs

Emerging stocks flirt with 6-year highs

Emerging equities extended gains yesterday, flirting with fresh six-year highs after encouraging Chinese inflation data, while the Czech crown leapt against the euro to a four-year high on rate hike expectations.

Asian markets mostly slip; Nikkei closes 0.2% down

Asian markets mostly slip; Nikkei closes 0.2% down

Japanese stocks ended the day in the red as it suffered a sharp reverse in afternoon trade after hitting fresh 26-year highs, with most other Asian markets also falling.

Qatar shares snap five-day losing run

Qatar shares snap five-day losing run

Foreign institutions’ buying support lifted the Qatar Stock Exchange after five days of bearish spell.

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