First Abu Dhabi Bank says it had considered a bid for StanChart
FAB's statement that it was no longer pursuing a potential deal.
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FAB's statement that it was no longer pursuing a potential deal.
LONDON—The dollar rose to an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour ...
If the labour market is doing well, then we're likely to see more dollar strength," HYCM's Coghlan said, adding that a payrolls number towards the lower end of expectations could see the dollar weaken and give comfort to the Fed that their hiking cycle is working. Meanwhile, euro zone inflation tumbled last month but underlying price pressures rose, making it likely the European Central Bank (ECB) will continue tightening policy.
FAB said it had been in “the very early stages of evaluating a possible offer”
By Hadeel Al Sayegh, Shreyashi Sanyal and Lawrence White