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UAE markets fall on concerns of global economic slowdown

Stock markets in the United Arab Emirates closed in the red on Friday, tracking global equities after economic data from the U.S. and China fuelled concerns of a global slowdown.

United-arab-emirates , China , Bengaluru , Karnataka , India , Dubai , Dubayy , Sonia-cheema , Abu-dhabi , Fadi-reyad , Mohd-edrees , Tourism-hotels

British investment minister visits Hong Kong, first official visit in 5 years

Britain's Minister for Investment Dominic Johnson said he held a series of meetings with government officials and executives in Hong Kong this week, the first official visit from a senior British official to the city in five years.

Hong-kong , China , London , City-of , United-kingdom , Taiwan , Xinjiang , Jiangxi , Beijing , Britain , Chinese , British

Icahn's investment firm sinks further, down 35% since Hindenburg attack

Shares of activist investor Carl Icahn's investment firm lost nearly a fifth of their value on Wednesday, adding to a 20% decline a day earlier following short seller Hindenburg Research's scathing attack on the company.

India , Bengaluru , Karnataka , Carl-icahn , Niket-nishant , Saumyadeb-chakrabarty , Thomson-reuters-trust-principles , Reuters , Hindenburg-research , Adani-group , Mcdonald-corp , Block-inc

StanChart profit swells a surprise 21% on soaring interest rates

Standard Chartered PLC (StanChart) on Wednesday said first-quarter profit jumped 21%, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses.

China , Selena-li , Muralikumar-anantharaman , Standard-chartered , Reuters , Thomson-reuters-trust-principles , Executive-bill-winters , Thomson-reuters-trust , Bact , Bisv , Bisv08 , Biz

Meatpacker JBS ends contracts with US company fined for hiring kids

JBS said it does not tolerate child labor.

Washington , United-states , Minnesota , Chicago , Illinois , Texas , Alabama , Colorado , Nebraska , Brazil , Brazilian , Nikki-richardson

Saudi shares advance after Eid while Abu Dhabi dips on oil uncertainty

Saudi Arabia's stock market ended higher on Tuesday after a five session break for the Muslim festival of Eid al-Fitr, while the Abu Dhabi index, which resumed trading on Monday, closed lower.

Saudi-arabia , Bengaluru , Karnataka , India , China , Dubai , Dubayy , United-arab-emirates , Saudi , Abu-dhabi , Alexander-smith , Ateeq-shariff

Teck's biggest shareholder favors revised Glencore bid - Bloomberg News

Canadian copper miner Teck Resources Ltd's biggest shareholder, China Investment Corp (CIC), favors Glencore's revised takeover offer as it would allow investors to exit their coal exposure for cash, Bloomberg News reported on Friday.

Canada , Bengaluru , Karnataka , India , China , Canadian , Arun-koyyur , Mrinalika-roy , Teck-resources-ltd-teckb , Glencore , Bloomberg , Thomson-reuters-trust-principles

GM's Cruise recalls 300 self-driving vehicles to update software after bus crash

General Motors' robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into the back of a San Francisco bus.

San-francisco , California , United-states , Washington , Mark-porter , David-shepardson , Kyle-vogt , Chizu-nomiyama , David-goodman , San-francisco-municipal-transit-authority , Thomson-reuters-trust-principles , Traffic-safety-administration

Italy's Design Holding says revenues rose 16% last year

High-end interior design group Design Holding, which last year picked banks for a possible market listing, said on Wednesday its pro-forma revenues rose by 15.7% to 877 million euros ($960 million)in 2022, after the acquisition of Denmark's Designers Company.

Milan , Lombardia , Italy , Denmark , United-states , America , Louis-poulsen , Designers-company , Design-holding , Carlyle-group , Thomson-reuters-trust-principles , Denmark-designers-company

Law firm Katten grows litigation team in Dallas

Chicago-founded law firm Katten Muchin Rosenman said Wednesday that it has hired a longtime consumer finance litigator from Hunton Andrews Kurth for its expanding Dallas office.

Richmond , Virginia , United-states , Dallas , Texas , Houston , Katten-muchin-rosenman , Gregory-korman , Hunton-andrews-kurth , Thomson-reuters-trust-principles , Reuters , Telephone-consumer-protection-act