Global Markets Suffer After Ukraine Crash, Unrest Elsewhere | TIME:
"Stock markets report losses around the world as investors take fright at the broader geopolitical implications of the MH17 tragedy
Markets across the world took a conspicuous dive on Thursday in the wake of Malaysia Airlines Flight 17’s catastrophic crash in Ukraine — an event that came toward the end of a week marked by political unrest across Eastern Europe and the Middle East.
The Boeing 777 crashed in a rural area controlled by pro-Russian insurgency forces, believed by Ukrainian authorities to have shot down the plane, killing all 298 people on board."
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Friday, 18 July 2014
Private-equity firm Gulf Capital weighs up Abu Dhabi listing | The National
Private-equity firm Gulf Capital weighs up Abu Dhabi listing | The National:
"Gulf Capital has sought advice about an initial public offering as the private equity firm assesses options about how to fund its future growth.
The Abu Dhabi-based alternative asset manager hired advisers including National Bank of Abu Dhabi to examine the possibility of a sale on the Abu Dhabi Securities Exchange, according to two people familiar with the matter.
Karim El Solh, the chief executive and managing partner of private equity at Gulf Capital, declined to comment on the matter."
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"Gulf Capital has sought advice about an initial public offering as the private equity firm assesses options about how to fund its future growth.
The Abu Dhabi-based alternative asset manager hired advisers including National Bank of Abu Dhabi to examine the possibility of a sale on the Abu Dhabi Securities Exchange, according to two people familiar with the matter.
Karim El Solh, the chief executive and managing partner of private equity at Gulf Capital, declined to comment on the matter."
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Dubai One ‘plans to axe 80 per cent of staff, close production’ | GulfNews.com
Dubai One ‘plans to axe 80 per cent of staff, close production’ | GulfNews.com:
"Dubai One, a Dubai government owned English-language television station, is set to axe 80 per cent of its staff and shut down production, a source at the channel confirmed to Gulf News on Thursday.
The source’s name has been withheld as they are not authorised to speak on the matter.
On Thursday afternoon, Arabian Business, citing three unnamed sources, was the first to report on the job cuts at the television station run by Dubai Media Incorporated (DMI)."
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"Dubai One, a Dubai government owned English-language television station, is set to axe 80 per cent of its staff and shut down production, a source at the channel confirmed to Gulf News on Thursday.
The source’s name has been withheld as they are not authorised to speak on the matter.
On Thursday afternoon, Arabian Business, citing three unnamed sources, was the first to report on the job cuts at the television station run by Dubai Media Incorporated (DMI)."
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Government Bonds Rally Around the World After Jetliner Shooting - Bloomberg
Government Bonds Rally Around the World After Jetliner Shooting - Bloomberg:
"Government bonds rallied around the world, with a gauge of the debt climbing to a 14-month high, as the shooting down of a Malaysia Airlines plane in Ukraine drove demand for the safest assets.
An index of sovereign debt climbed to the highest level since May 2013 yesterday, based on Bank of America Merrill Lynch data. The securities have returned 4.3 percent this year, recouping a loss from 2013. The aircraft was shot down over eastern Ukraine, killing all 298 people on board. Demand for havens assets was also boosted as Israel sent soldiers and tanks into Gaza. Treasuries trimmed gains in Asian trading today.
“There’s geopolitical risk in Ukraine and the Middle East,” said Kim Youngsung, head of overseas investment in Seoul at South Korea’s Government Employees Pension Service, which manages the equivalent of $3.9 billion. “People think the stock market won’t be a safe place to invest. They turned to bonds.”"
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"Government bonds rallied around the world, with a gauge of the debt climbing to a 14-month high, as the shooting down of a Malaysia Airlines plane in Ukraine drove demand for the safest assets.
An index of sovereign debt climbed to the highest level since May 2013 yesterday, based on Bank of America Merrill Lynch data. The securities have returned 4.3 percent this year, recouping a loss from 2013. The aircraft was shot down over eastern Ukraine, killing all 298 people on board. Demand for havens assets was also boosted as Israel sent soldiers and tanks into Gaza. Treasuries trimmed gains in Asian trading today.
“There’s geopolitical risk in Ukraine and the Middle East,” said Kim Youngsung, head of overseas investment in Seoul at South Korea’s Government Employees Pension Service, which manages the equivalent of $3.9 billion. “People think the stock market won’t be a safe place to invest. They turned to bonds.”"
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