By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to the Gulf region’s financial hub. Verition, which oversees about $7.3 billion in assets, has been licensed to manage assets and conduct other financial services activities,…
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists found as long as most…
By Michael Georgy, Lisa Barrington DUBAI (Reuters) -Public fury is growing in the Arab world over one of Israel’s biggest military operations in the occupied West Bank in years, yet Arab states which normalised ties with Israel are unlikely to turn their condemnation of the Israeli assault into action. Thousands of people were evacuated from…
By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post-holiday response to supply cuts announced on Monday by Saudi Arabia and Russia. U.S. West Texas Intermediate crude (WTI) rose $2 from Monday’s close, or 2.9%, to settle at $71.79 a…
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May, while unique visitors to…
(Reuters) – Swedish Prime Minister Ulf Kristersson said on Wednesday after meeting U.S. President Joe Biden that the two leaders agreed that the upcoming NATO summit in Vilnius was a “natural time” to finalise the Nordic country’s bid to join the alliance. “We both realize that the NATO summit in Vilnius in a week is…
DUBAI (Reuters) – Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a report on Wednesday. Globally, FDI fell 12% in the year, the United Nations Conference on Trade and Development (UNCTAD) report said…
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan said Sweden has taken steps in the right direction for its NATO bid with anti-terrorism legislation but continued protests there by Kurdish militant sympathisers undermined its moves, Erdogan’s office said. The Turkish presidency said Erdogan made the comments in a telephone call with Dutch Prime Minister Mark Rutte,…
By Ali Sawafta JENIN, West Bank (Reuters) – Palestinian militant fighters paraded in Jenin on Wednesday and angry crowds confronted senior Palestinian Authority officials, accusing them of weakness, after one of the largest Israeli military operations in the occupied West Bank in years. The two-day operation, which the Israeli military said targeted infrastructure and weapons…
By Tarek Amara TUNIS (Reuters) – Tunisia has removed hundreds of sub-Saharan African migrants to a desolate area along the border with Libya, a local rights group and a lawmaker said on Wednesday, with witnesses reporting dozens more put on outbound trains following days of violence. Disturbances between migrants and residents went on for a…
