Bloomberg Business

Dubai’s First IPO of the Year Sells Out in Under an Hour

The Dubai initial public offering of remittances and money exchange firm Al Ansari Financial Services received orders for all shares offered within an hour of books opening, marking a strong start for the emirate’s first listing of the year.

Hunt Would Have Failed Every Fiscal Rule Set By His Predecessors

UK Chancellor of the Exchequer Jeremy Hunt would have failed the fiscal rules of the three longest serving Tory chancellors since 2010 despite lifting Britain’s tax burden to its highest level in 70 years, according to analysis of the budget by the Resolution Foundation.

UK Treasury Is Giving Rich People £75,000 a Year to Keep Working

Convincing older British workers to stay in their jobs will cost the UK Treasury £75,000 ($90,000) per person in tax breaks for some of the country’s wealthiest savers, analysis of Chancellor of the Exchequer Jeremy Hunt’s budget shows.

London IPOs Have Plenty of Takers for Once, But Few Issuers

Investors in the UK, notoriously hard to win over in recent months, are warming to the idea of putting money in fresh listings once again, according to a survey. But with issuers still eyeing the market with skepticism, there are few bargains to be had.

China Regulators Gather Feedback, Plan Talks on Bond Market

Chinese regulators including the central bank are soliciting feedback from market participants after the sudden suspension of commonly used bond price feeds this week, according to people familiar with the matter.

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