Bloomberg Saudi Arabia stocks were lifted on Monday by optimism about fund flows, while other bourses in the region were lacklustre. The Saudi index closed 1.0 percent higher, lifted by financial stocks. Insurance firm BUPA Arabia gained 5.5 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus ...

NEW YORK / Reuters The dollar fell broadly on Monday on hopes that a US-led strike on Syria would not escalate, rekindling some appetite for stocks and other risky assets and spurred investors to reduce safe-haven holdings of the greenback. Government data that showed a rebound in US store sales in March failed to lift the dollar which has been ...

Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter. The women-focussed online retailer hosted a bake-off ...

Bloomberg Honda is finally planning to open its newest factory in Brazil, idle since it was built in 2015. But not for the reason they originally intended. The carmaker built the Itirapina, São Paulo, plant for 1 billion reais ($290 million) with the plan of doubling its capacity in the country. Instead, the automaker will transfer operations to the facility ...

Bloomberg Ola, Uber Technologies Inc.’s fiercest Indian competitor, wants to roll out 10,000 electric three-wheeled rickshaws within a year and a million battery-powered vehicles by 2021. The startup run by ANI Technologies Pvt said it’s in policy discussions with several state governments, and is talking with potential partners from automakers to battery producers. It aims to build out an existing ...

Bloomberg Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering. Developers sold 716 units, the Urban Redevelopment Authority said. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year. The city-state’s housing market is ...

Bloomberg Metropolis Healthcare Ltd., an operator of medical diagnostic centres backed by Carlyle Group LP, is considering an initial public offering to raise about 15 billion rupees ($230 million) as it seeks acquisitions. The sale will likely include a partial stake held by the founders as well as new shares, Managing Director Ameera Shah, 38, said in an interview. A ...

Bloomberg In the race to build cars with digitally connected services — such as ordering coffee on the dashboard display — Toyota Motor Corp. and Nissan Motor Co. risk being held back by their home market. In contrast to vehicle buyers in the US and Europe, Japanese consumers are reluctant to pay for such features. That’s resulted in only 10 ...

Bloomberg Shire Plc agreed to sell its cancer unit to France’s Servier SAS for $2.4 billion, tightening the US-based drugmaker’s focus on rare diseases and potentially making it more attractive to Takeda Pharmaceutical Co. as it considers a bid. The Shire unit sells treatments for leukemia and pancreatic cancer, the Lexington, Massachusetts-based company said in a statement on Monday. The ...

Bloomberg An influential body of UK lawmakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due to the technology. British antitrust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolized by a handful of large technology companies, such ...