Tuesday, June 2

Economy

Dubai-listed Emirates REIT has partially redeemed its $380 million sukuk after announcing the sale of Trident Grand Mall in Jumeirah Beach Residence (JBR) last month.

Of course, around $100 billion of yen-buying intervention from Tokyo in the last few months has put a floor under the currency, and the BOJ’s approach to raising rates is hardly gung-ho. So the yen is not a sure-fire bet to strengthen aggressively from here

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