The deal is meant to bolster bilateral trade by cutting out customs duties and offering safety nets on investments.
More than 95% of Israeli exports to South Korea will be customs-free, the ministry said.
Approvals for 15 projects were given on Friday by the Myanmar Investment Commission, according to a statement on the website of the Directorate of Investment and Company Administration.
Palestinian youth threw stones, lit fires and tore down police barricades in the streets leading to the walled Old City gates as officers on horseback and in riot gear used stun grenades and water cannons to repel them.
The deal values Arkan at 1.4 billion dirhams and Senaat will control about 87.5% of the combined group post completion, the companies said on Sunday.The indirect listing of Emirates Steel will give investors “exposure to the domestic steel sector on UAE public markets, amidst rising global steel prices,” Oza and Saeed wrote in a note on Sunday.
“The stay-at-home and the tech names are going to get a little bit of a bid here on worries about the reopening but I think it’s more of a near-term blip and the bigger cyclical names will still take the baton over the coming months.”Federal Reserve Bank of Minneapolis President Neel Kashkari said as much, telling Bloomberg Television that Friday’s print validates the central bank’s new outcome-based approach — the idea that policy makers won’t change anything based on economic forecasts, but actual data.Every sector in the S&P 500 rallied in the aftermath, with tech vying with cyclical energy and industrial shares for the top spot.
The gap may have risen to $3.8 billion in March, according to economists surveyed by BloombergRussia, Colombia and Poland will also announce current-account or trade balances next weekThe central banks of Mexico, Chile, the Philippines, Chile, Peru and Uruguay are all expected to leave borrowing costs unchangedMalaysia and the Philippines will probably report Tuesday that their economies remained in contraction during the first quarter, highlighting a growth divergence with Southeast Asian economies lagging behind northern counterparts, according to Bloomberg EconomicsTighter mobility curbs after a surge in coronavirus infections will also weigh on their outlooks this quarterBenchmark stock indexes in both countries have fallen this year and are among the worst performers in AsiaSouth Korea reports its latest unemployment rate on WednesdayIn Colombia, a reading of retail sales for March comes on Thursday and first-quarter gross domestic product is due on FridayThe peso slid the most among emerging-market currencies last week amid days of violent protests, which a central banker warned will hurt the economic recoveryFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
That will support New York product prices and might attract more oil products from abroad,” said Giovanni Staunovo, commodity analyst at UBS Group AG.To be certain, New York was well supplied with fuel ahead of the attack and could weather the upset if missing fuel is replaced or the line restarts quickly.
The premium on options betting on declines in the Aussie and kiwi against the yen has narrowed across the curve from end-2020 levels, for tenors starting at one-week all the way up to a year.There’s room for upside in the Canadian dollar versus the yen, and in the Norwegian krone against the Swiss franc and euro, given the contrast in their policy paths, according to Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist.The Aussie and kiwi dollars are likely to outperform based on higher yields alone, she said, even if their central banks have resisted adjusting to more hawkish policy language so far.While the RBA has been adamant that it will keep pumping monetary support into the economy until it is fully repaired, its most recent outlook showed upbeat trajectories for growth and jobs, showing it’s on track to drive faster pay gains and inflation back toward its target.
During that same period, Bridging’s funds had lent more than C$100 million to other companies of McCoshen’s, the commission said in the documents.According to an affidavit by OSC forensic accountant Daniel Tourangeau, much of the undisclosed money was moved into David Sharpe’s personal investment accounts.The OSC said Friday that Bridging and some of its directors and officers, including David Sharpe, may have taken actions “which they knew or reasonably ought to have known perpetrated a fraud on unitholders” of the funds.
“The CTAs didn’t necessarily know why they were doing it — they were just doing it based on historical correlations and trends — but they happened to make the correct call.”Other money managers chased the move too, but the largest inflows from traditional hedge-fund investors only came once breakthroughs with Covid-19 vaccines emerged, according to Layton.Collectively, by the end of the year, they’d help lift speculative positioning in London Metal Exchange and Comex copper contracts to a new peak, with their net position accounting for more than 10% of underlying demand, according to Citigroup.ETF InflowsUnlike larger precious-metals markets, exchange-traded products have never gained much traction in copper, but that’s changing rapidly.From a low base, net inflows into the WisdomTree Copper exchange-traded commodity fund, the largest of its kind, have surged $366 million this year, lifting assets under management to a record $841 million.
The Nasdaq 100 rose 0.8%Nikkei 225 futures were added about 0.2%Australia’s S&P/ASX 200 Index futures dipped 0.1%Hang Seng Index futures rose 0.4% earlierCurrenciesThe Japanese yen was at 108.58 per dollarThe offshore yuan traded at 6.4189 per dollarThe Bloomberg Dollar Spot Index was steady after falling 0.7% FridayThe euro was at $1.2163The pound rose 0.3% to $1.4027BondsThe yield on 10-year Treasuries was at 1.58% FridayAustralia’s 10-year bond yield rose more than one basis point to 1.70%CommoditiesWest Texas Intermediate crude rose 0.7% to $65.33 a barrelGold rose 0.1% to $1,832.35 an ounceGasoline futures rose 1.7%For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Using the TipRanks database, we’ve pulled up three stocks that fit a profile: a Buy rating from Wall Street, recent share appreciation that strongly outperforms the overall markets, and considerable upside potential, indicating that they may still be undervalued.