Bloomberg The new decade could be the dawn of a tougher era for bond investors, as conditions that sustained the historic bull run in government debt fall away. Unprecedented central bank action has dominated economic stimulus since the global crisis and suppressed yields around the world. The skew may now be shifting more towards fiscal expansion that could pressure rates ...

Bloomberg All but the smallest civilian drones would have to broadcast radio tracking data to ensure greater safety and prevent terrorism under a sweeping proposal unveiled by US regulators. The long-awaited draft rules call for a massive new tracking network for everything from toys to larger commercial drones so that law enforcement can spot the devices flying anywhere, from congested ...

Bloomberg Barneys New York Inc. has stopped offering clearance merchandise on its websites, which now redirect to Saks Fifth Avenue’s sites. The retailer suspended closeout sales on Barneys.com and Barneyswarehouse.com sites and is transferring the remaining goods to Barneys stores slated to close, according to a representative for B. Riley Financial Inc., the firm handling the liquidation sales. Clearance at ...

Bloomberg The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc. are on the shopping lists of Thai tycoons. Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by Chirathivat family, are among companies that are weighing bids for the Southeast Asian business that could fetch more than $7 billion, according to people with knowledge of ...

Bloomberg After quietly supplying coffee addicts their daily fix for decades, Vietnam is preparing to take on Nestle SA and its Asian rivals to reach them faster. Instead of selling raw robusta beans to foreign companies for turning into instant coffee, Vietnam’s biggest supplier is preparing to offer its own soluble powder in early 2020. The shift is aimed at ...

Bloomberg Creditors of Toms Shoes LLC, the popular footwear seller that’s been struggling to weather declining sales amid a pile of looming debt, have agreed to take over the company in exchange for restructuring its debt. The group of creditors, led by Jefferies Financial Group Inc., Nexus Capital Management LP and Brookfield Asset Management Inc. will assume the ownership from ...

VIENNA / WAM The UAE is strictly committed to its nuclear policy principles of transparency, safety and security, sustainability and international cooperation to ensure that its Peaceful Nuclear Energy Programme is developed in line with the highest standards, said Hamad Al Kaabi, Ambassador and Permanent Representative of the UAE to the International Atomic Energy Agency (IAEA). In a statement made ...

DUBAI / WAM Dubai’s non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, an increase of 22 percent year-on-year from 68 million tonnes in the corresponding period last year. The volume of re-exports skyrocketed 48 percent to reach 13 million tons. Exports rose by 47% to 14 million tonnes while imports grew by ...

ABU DHABI / WAM The UAE has strongly condemned the terror attack by a car bomb on a security checkpoint in Somalia’s capital, Mogadishu, which resulted in death of numerous innocent civilians and the wounding of others. The Ministry of Foreign Affairs and International Cooperation stressed that UAE strongly condemns these criminal acts and fully rejects all forms of violence, ...

Bloomberg The transitional government in Sudan is planning a set of economic and political reforms, including removing fuel subsidies gradually in 2020, Reuters reported, citing Finance Minster Ibrahim Elbadawi. The subsidies for wheat and cooking gas would be retained to help the poor, he told reporters, Reuters said. Subsidies are a major burden on the government’s finances, which have been ...