Oil bulls double down on rally
Money managers boosted optimistic wagers on WTI crude to the highest since October
Eni signs offshore exploration deal with RAK
Earlier this year, Eni secured deal in Sharjah
Reliance: No cash payment for Venezuela oil
Joint CFO says it was sourcing Venezuelan crude from Russian and Chinese companies
du, DED celebrate major milestone for Dubai Pulse
Dubai Pulse offers virtual solutions on the Smart City platform
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Markets
Pound looks placid in Brexit break
Parliament and UK markets will return Tuesday after a Easter recess
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US banks weather a tough first quarter well
They will need to see a lot more IPO and M&A activity to shore up the next three quarters
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When property buyers ignore the prevailing pessimism
Developers in the UAE have managed to strike a few chords whichever way they can
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US housing starts approach two-year low
Building permits decline 1.7%, single-family starts drop 0.4%
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US wins WTO ruling against China grain import quotas
China’s Ministry of Commerce said it “regrets” the panel’s decision
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Dutch cheesemakers worry about US tariffs
Dutch send ₤78m worth of cheese products to the US every year
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Ghosn to be indicted on fresh charge: media
NHK reported that about 3b was transferred to an American firm
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Amazon launches free music streaming
Service will be available to customers with Alexa devices who don’t subscribe to Prime
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German regulator ends ban on Wirecard short sales
Ban was the first by watchdog on a single stock and harks back to the financial crisis
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Nintendo shares jump after Tencent wins key approval
Key approval paves way for console to enter China
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Uber’s self-driving unit valued at $7.25b
SoftBank, Toyota and Denso to invest a combined $1b
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Worries persist over Turkey’s foreign reserves
Foreign investors have already withdrawn a net $1.6b from lira-denominated bond market
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-Lebanese banks should play role in reducing deficit
Finance minister signals moves to cut public-sector wage bill
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Property
Property funds target UAE industrial assets
ENBD REIT to put in $50m plus on these deals in Dubai, and it is not the only one
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Markets
China stocks rally to a near 13-month closing high
Analysts see divergence of opinions on recovery’s sustainability
