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  Bloomberg Puerto Rico bondholders rejected Governor Ricardo Rossello’s debt-restructuring proposal days before a May 1 deadline to craft a deal or face a potential wave of creditor lawsuits. The Caribbean island is offering holders of its general-obligation bonds 77 cents on the dollar while proposing 58 cents on the dollar for its sales-tax debt, according to the commonwealth’s latest ...

  Bloomberg Foxconn Technology Group, the maker of Apple Inc.’s iPhones, said it plans a big increase in investments in the US after billionaire Chairman Terry Gou visited the White House over consecutive days, including a meeting with President Donald Trump. “We are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase ...

  Abu Dhabi / Emirates Business Abu Dhabi benefited from increased industrial investments over the past years as a result of efforts to achieve economic diversification, a strategic objective of the Abu Dhabi Plan and the emirate’s economic vision, with integral facilities and world class logistical and organizational capacities provided. Seeking to support the industrial sector, the Emirate of Abu ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched on Saturday the UAE Soft Power Council, which will define a comprehensive strategy to reinforce the country’s position and consolidate its values of respect and appreciation with governments and citizens across the world. The UAE Soft Power Council ...

  ABU DHABI / Emirates Business Al Qudra Holding PJSC held its annual general meeting recently, and presented its 2016 full activity report for the financial year ending December 31, 2016. Following the meeting Al Qudra Holding announced that the company achieved great results on all levels. The AGM’s quorum was complete, a new Board of Directors of five executives ...

  Dubai / Emirates Business Dubai Land Department (DLD) recently launched a new specialised reading and strategic innovative thinking initiative under the title ‘DLD Talk’ that comes in line with the department’s ongoing efforts to develop its employees and motivate them to improve their operations and customer services. His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department, ...

  Bloomberg North Korea test-fired a ballistic missile just hours after US Secretary of State Rex Tillerson mounted an effort at the United Nations to rally pressure against Kim Jong Un’s regime. The missile was fired at 5:30 a.m. on Saturday local time from northeast of Pyongyang and appears to have failed, according to a text message from South Korea’s ...

  Bloomberg Ride-hailing giant Didi Chuxing raised more than $5.5 billion from investors, scoring the largest round of funding ever for a technology company to bankroll an expansion beyond China and into driver-less technology. Didi, which drove Uber Technologies Inc. out of China last year, is already one of the country’s best-funded private companies: its backers range from powerful state ...

  Bloomberg Nintendo Co.’s shares jumped as much as 2.9 percent in Tokyo, reversing losses, as investors bet that the company’s lower-than-anticipated operating profit forecast will be raised when more people buy games for the new Switch hybrid console. Operating profit for the fiscal year through March 2018 will be $584 million, the Kyoto-based company said, which was short of ...

  Bloomberg President Donald Trump won a court ruling making it easier for him to rescind the Clean Power Plan, his predecessor’s program for weaning American power producers off of coal and other fossil fuels. The US Court of Appeals in Washington put a 26-state lawsuit challenging the plan on hold for 60 days without deciding whether the initiative is ...