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Category: Business

Dollar Holds Gains Made on US Jobs Data

The dollar index measure against major peers was flat. It rose on Friday to a seven-week high, logging more than 2% gains for the week, its biggest in two years.

Japan’s yen fell to its lowest in nearly two months and other major currencies too were …

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ADIA establishes subsidiary in India’s GIFT City

ABU DHABI: The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India’s international financial services centre.

The subsidiary has been granted regulatory approval by the I…

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European Stocks Fall as Rising Bond Yields Weigh

European stocks slipped on Monday as the initial euphoria over strong US jobs data last week faded and rate-sensitive sectors such as real estate and utilities came under pressure from higher bond yields.

The STOXX 600 index (.STOXX), opens new tab w…

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