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Gazprom banks on Swiss for first Russia Eurobond in 2016

BLOOMBERG Gazprom PJSC, the natural-gas export monopoly, has hired banks to organise a sale of Swiss-franc debt in what could be the first Eurobond deal out of Russia this year. Europe’s biggest gas supplier picked Deutsche Bank AG, Gazprombank JSC and UBS Group AG as joint lead managers and Renaissance Capital as a co-manager for investor update meetings in Geneva ...

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Deutsche sees 2016 industry-wide trading revenue drop

FRANKFURT / Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, said it expects the industry’s revenue to decline this year as clients consider pulling back from trading some fixed-income securities and refrain from doing deals. Securities firms will see debt trading revenue fall “slightly” from a year earlier as “an increase in macro revenues due to monetary policy ...

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Poor man’s gold may get more investor love

Bloomberg Silver hasn’t been so cheap relative to gold for more than seven years and with mine supplies forecast to contract this year that may be a sign it’s ready to come out of the yellow metal’s shadow. Mine production of silver will probably drop in 2016 for the first time in over a decade and demand is set to ...

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Drought drives rice out of Thai farms

Bloomberg Rice farmer Prapatpon Rungsatien perches on a plastic chair in a classroom in rural Thailand. Ceiling fans stir the humid air as she and 49 of her neighbours hunker down for a talk on Southeast Asian economics. Prapatpon, 48, returned to school last month for a state-funded training programme designed to wean farmers off water-intensive rice and teach them ...

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The ‘Retrospective’ cult

Bloomberg The Fine Arts Museums of San Francisco will be hosting the first ever retrospective of the famous American fashion designer Oscar de la Renta’s work. The exhibition, organised by André Leon Talley, a former editor-at-large for Vogue and lifelong friend of the designer, runs until May 30. The Retrospective features over 130 pieces designed by de la Renta over ...

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Spotlight on Canadian fashion designers

Relaxnews The White House state dinner on Thursday shone the spotlight, not only on Canada’s royal family and head of state, but on a pair of Canadian-born designers who dressed First Lady Michelle Obama and Sophie Gregoire-Trudeau. The First Lady chose a floral jacquard gown from longtime favorite designer Jason Wu, while Trudeau chose a slim fitting purple gown with ...

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Jenner tapped to front H&M’s sportswear

Relaxnews Caitlyn Jenner is the new face of H&M’s sports line. Jenner announced the news on Twitter late Thursday, teasing, “So proud to be part of their inspiring #HMSport campaign. #MoreIsComing #StayTuned,” along with a photo in which she poses in a gym, wearing black and white sneakers and sports wear. H&M later confirmed the announcement, also on Twitter. It’s ...

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Rare oval diamond to fetch US$35mn in Hong Kong auction

AFP A 10.10 carat vivid blue diamond is expected to set the record for the most expensive piece of jewellery sold at auction in Asia despite an ongoing growth slowdown in China’s economy, Sotheby’s said. The “De Beers Millennium Jewel 4″ is expected to fetch between US$30 million and $35 million at the April 5 sale in Hong Kong, and ...

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Most-sought-after accessory trends for autumn/winter

Relaxnews The Autumn/Winter 2016/17 ready-to-wear shows have finally wrapped up, leaving a trail of new accessories in their wake. Here are some of the key trends spotted on the catwalks of New York, London, Milan and Paris. Chokers As the passion for all things Nineties rages on, chokers continue their domination of all things streetwear. Rihanna set the tone in ...

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The ‘Mulk’ effect

Ritika Sharma / EMIRATES BUSINESS Run an eye around UAE and you will not go beyond a few seconds without spotting a sector where Mulk Holdings had not played a part. Warehouses, power plants, sports stadium, shopping malls, diagnostic centres and the list goes on. It won’t be an exaggeration to say that Mulk Holdings has contributed in the development ...

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