Bloomberg Amazon.com Inc is designating products sold by certain companies as “top brands,” a test that if widely implemented could ease tension between the online retail giant and big-name companies used to favourable positioning at brick-and-mortar retailers. The company appended a “top brand” label to products from Speedo, New Balance, Under Armor and Fruit of the Loom in some product …

RED SEA COAST / WAM The UAE is continuing to normalise humanitarian conditions and improve the living conditions of Yemenis in all liberated governorates, with ERC distributing clothes and food for Eid to needy families living in the Red Sea Coast. ERC representatives said Eid clothes distribution project covers 700 families in Khawkhawh, Hais and At Tuhayta districts, and included …

Bloomberg Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay existing debt, people with knowledge of the plan said. The company wants to raise about $500 million in a sale likely to take place in September or October, according to the people, who asked not to be identified because …

Bloomberg Oil tumbled the most in a week as global financial markets swooned and the swelling US crude stockpiles reinforced the fears about an economic slowdown. Futures slipped more than 5 percent in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand …

Bloomberg US President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already imposes on the US. The White House, while delaying tariffs on big-ticket consumer products until Dece- mber, decided to push ahead with 10 percent tariffs on Chinese agricultural products as well as antiques, …

Dubai / Emirates Business Damac Properties Dubai Co announced financial resu-lts for the first half of 2019, reporting a total revenue of AED1.9 billion, with boo-ked sales reported at AED1.8 billion. Gross profits for the same period stood at AED502 million reflecting gross profit margins of 27 percent. Total assets stood at AED24.7 billion compared to AED25.2 billion as of …

Bloomberg CK Asset Holdings Ltd., the developer founded by billionaire Li Ka-shing, postponed a planned sale of condominiums in Hong Kong as ongoing political protests made it difficult to market the luxury residences. The homes at 21 Borrett Road would not be offered for sale as scheduled this month, a spokeswoman for the company said on Wednesday, confirming an earlier …

Bloomberg Oil tumbled the most in a week as global financial markets swooned and swelling US crude stockpiles reinforced fears about an economic slowdown. Futures slipped more than 5% in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand was also healthy. …

Bloomberg India has a plan to achieve Prime Minister Narendra Modi’s goal of reducing the country’s dependence on energy imports, and it starts in the kitchen. Three main state-run fuel retailers — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — are looking to turn used cooking oil that might otherwise be discarded into biodiesel fuels. The retailers …

Bloomberg American equity-index futures slumped alongside stocks in Europe as weak data from two of the world’s biggest economies overshadowed an apparent de-escalation in the trade war. Treasuries and European bonds rallied, with key parts of both the US and UK yield curves inverting. Contracts on the S&P 500 fell alongside the Stoxx Europe 600 index as data showed Germany’s …