Reuters Brazil’s BM&FBovespa SA is arranging loan financing to fund its 12.9 billion reais ($3.6 billion) takeover of rival Cetip SA Mercados Organizados as both companies agreed to form a giant financial exchange with a presence from Mexico to Chile. BM&FBovespa Chief Executive Officer Edemir Pinto, who will run the combined entity, declined to elaborate on the loan. Shares of ...
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Why a Trump presidency would be bad for Asia
Khang Vu SPECIAL TO EMIRATES BUSINESS As the race to the White House is heating up, Asian countries are paying close attention to the candidates’ foreign policy platforms. For the last few weeks, international headlines have focused on Donald Trump’s vision of a nuclearized Northeast Asia and his proposal to withdraw U.S. troops from South Korea and Japan if the ...
Read More »Saudi, Egypt economic coop crucial for region
The five-day visit of the Custodian of The Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, to Egypt is seen as Riyadh’s political and economic support for Cairo to overcome current economic and political challenges. It also reflects the regional role of the two countries: Saudi Arabia, which is the top Arab economy, and Egypt, the ...
Read More »Europe’s banks don’t have enough capital
Europe’s economic malaise has a lot to do with its crippled banking system. Making that system more fragile seems like the wrong way to address the issue. With the European Central Bank taking interest rates deeper into negative territory and the euro-area economy languishing, investors have become more concerned about the future profitability — and perhaps the viability — of ...
Read More »Time for Asia and the Pacific to lead on sustainable development
Asia and the Pacific are recognized for leadership in global output, trade, and development. The region has a new opportunity to lead on the 2030 Agenda for Sustainable Development – a multidimensional, multisectoral, and multiagency undertaking. In 2016, the first year of implementation for the Sustainable Development Goals (SDGs), our region faces significant challenges: prioritizing SDG implementation; pace and sequencing; ...
Read More »Emerging stocks, currencies gain 3rd day on China inflation
BLOOMBERG Emerging-market currencies and stocks rose for a third day as Chinese inflation data spearheaded an advance in the nation’s equities and a gauge of the dollar extended losses. Ukrainian bonds gained the most in a month after the country’s premier resigned. China’s stocks rose the most this month amid signs of a pickup in industrial demand. Sberbank PJSC led ...
Read More »Emirates Securities Market down by -0.17 percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.17% to close at 4496.32 points. Accordingly the Market Capitalization has lost AED 1.21 billion attaining AED 729.36 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.04 billion during the trading session of 11-04-2016 through 10346 transactions. The number of companies which ...
Read More »Dubai projects market returns to positive growth
Bloomberg Dubai’s projects market is back with positive growth after recording its second-best performing quarter since 2008 in the first quarter of this year. The emirate saw $6.6bn of new contract awards made in the period. The best total since 2008 was in the first quarter of 2014, shortly after Dubai won the rights to host the 2020 World Expo, ...
Read More »Chinese buyers double their Oz realty investments
Bloomberg Chinese appetite for property in Australia shows no sign of waning after buyers doubled investment in the nation’s homes and offices for a second straight year. Spending on Australian residential and commercial real estate rose to A$24.3 billion ($18.4 billion) in the 12 months through June 2015, up from A$12.4 billion a year earlier and A$5.9 billion in 2013, ...
Read More »KSA’s Cayan Group acquires official permits for Samaya project in Riyadh
EMIRATES BUSINESS Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, north western Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh. Cayan Group has ...
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