Bloomberg Credit Suisse Group AG lost about $60 million late last year after it was left holding shares in the luxury parka maker that slumped during tensions between Canada and China, according to people with knowledge of the matter. Credit Suisse acted as an underwriter on the sale of 10 million shares by Canada Goose Holdings Inc stockholders in late ...

Bloomberg Plastic has been a hot topic in Davos and more big-name companies are stepping up commitments to reducing plastic waste — playing catch-up to other industry leaders. Fast-food chicken chain KFC said that all plastic-based, consumer-facing packaging will be recoverable or reusable by 2025. Walmart Canada announced plans that include reducing plastic bag use by 2025 that will take ...

Abu Dhabi / WAM The UAE’s non-oil foreign trade has achieved remarkable growth in re-exports by 5 percent during the first nine of 2018, compared to the same period last year, in a move that reflects the high competitive advantage of the re-export activity in UAE, and its global standing in this field, according to preliminary statistical data of the ...

Bloomberg Saudi Crown Prince Mohammed bin Salman, who’s already embarked on the biggest overhaul of the Saudi economy in its modern history, is preparing to roll out details of a sweeping plan to develop infrastructure and industry across the Middle East’s biggest country by area. Saudi Arabia is seeking 1.6 trillion riyals ($425 billion) of investment in railways, airports and ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero structures manufacturing company, wholly-owned by Mubadala Investment Company, is celebrating delivery of its first shipset of belly fairings for the PC-24, a twin-engine business jet produced by Pilatus Aircraft of Switzerland. The delivery of the first shipset follows the two companies’ landmark agreement signed during Abu Dhabi Global Aerospace Summit ...

Bloomberg Tensions between the US and China are about to get more complicated, with the World Trade Organization poised to begin an investigation into President Donald Trump’s tariffs on $250 billion of Chinese goods. On Monday, the Geneva-based arbiter of trade disputes will likely launch an inquiry into whether the US duties run afoul of a requirement that all WTO ...

Bloomberg Thailand’s booming property market is at risk of cooling this year as rampant construction threatens an oversupply of apartments amid increasing global economic headwinds. The country has been a relative bright spot in an otherwise lackluster Southeast Asian real estate market. Thai residential property has experienced substantial growth in recent years, much of it fueled by buyers from China, ...

Bloomberg Tech stocks are bouncing back. But distaste for what was the market’s favourite group as recently as last summer is starting to spread among large swaths of money managers. Headed into the heart of earnings season, hedge funds cut their industry exposure to the lowest level since July 2016, client data compiled by Goldman Sachs showed. Meanwhile, investors have ...

Bloomberg Most Middle Eastern stock indexes rose as investors tracked full-year earnings and merger deals. Egypt’s main gauge advanced to its highest level since November. Global Telecom Holding added 10 percent after majority shareholder Veon Ltd. offered to support the company’s funding requirements and look at taking it private. Ahli United Bank shares in Bahrain and Kuwait rose after Kuwait ...

Bloomberg A Philippine fund manager that made money amid the 2018 equity meltdown is now looking for new horizons. Michael Garcia, the CEO  and chief investment officer of MBG Capital Inc. in Manila, wants to apply his expertise of Philippine shares to Vietnam and Myanmar. While considered frontier markets, he says they offer investment themes similar to the ones he’s ...