A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
US-India trade deal could be signed in 3-4 months, US official says
A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.
Trump announces 50% tariffs on wide range of Canadian imports
US President Donald Trump has announced sweeping new tariffs of up to 50 per cent on a broad range of Canadian imports, opening a new front in the trade dispute between the neighbouring countries.
Fitch assigns Invest Bank long-term credit rating of 'BBB+'
Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.
ADNOC approves $6.2bn investment to expand UAE gas production
ADNOC has approved a $6.2 billion (AED22.6 billion) investment to develop the Umm Shaif Gas Cap project, as it steps up plans to expand the UAE's natural gas production and liquefied natural gas (LNG) exports.
UAE banks, financial institutions begin issuing Jaywan cards to customers
The UAE has begun issuing Jaywan cards - its first homegrown payment scheme - to customers.
