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  Bloomberg Switzerland’s financial regulator said it’s still probing UBS Group AG and three other private banks in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB. “There are still a handful of cases related to 1MDB that have not been concluded,” Mark Branson, chief executive officer of the regulator Finma, told reporters in ...

  Bloomberg SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the UK for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record acquisition. The Montreal-based builder made a tentative offer of 2,080 pence a share, “a level that the board would be prepared to ...

  Bloomberg The world will have a better idea by the end of this week, but probably no definitive answer, on whether the US economy’s boom in “soft” data is being reflected in the “hard” stuff. This week’s economic data include trade figures and factory orders, culminating in a payrolls report forecast to show 175,000 jobs added by US employers ...

  Dubai /Emirates Business The 11th edition of The World Retail Congress began at Madinat Jumeriah for the second time on Tuesday, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The three-day World Retail Congress brought together global retail leaders, providing them with an ...

  Bloomberg It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province — in the same spirit that Shenzhen and Shanghai’s Pudong was built — hordes of prospective buyers had thronged ...

  Bloomberg Coal India Ltd., the world’s biggest miner of the fuel, missed annual production and shipment targets for at least the fifth year despite reporting record volumes for both. Output grew 2.9 percent to 554.1 million tons during the year ended March, while shipments rose 1.6 percent 543.2 million tons, missing the target of 598.6 million tons for each, ...

  Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), the FDI office operating under the Government of Sharjah, has announced the emirate’s total foreign direct investment is expected to exceed a record AED 1 billion by the end of the year – an anticipated growth of 15 percent on 2016. The figures are a massive testament to Sharjah’s focus ...

  Dubai / WAM Expo 2020 Dubai unveiled on Monday the last major design in Al Wasl Plaza – an open space that combines breathtaking design, innovative technology and an intricate domed trellis incorporating a huge immersive projection experience. The plaza will be a unique space at the centre of the 4.38-square kilometre site that will make a dramatic impression on ...

  SHARJAH / WAM Sharjah Investment and Development Authority, Shurooq, has announced that progress on the second phase of the ‘Heart of Sharjah’ development, one of the largest heritage and tourism projects in the region, is right on schedule. The announcement from Shurooq coincides with the hosting of two major heritage events in Sharjah, the Sharjah Biennial 2017, which commenced ...

  Bloomberg If Marine Le Pen convinces France to embrace her anti-euro stance, Mario Draghi will likely be called on again to be savior of the single currency. The trouble is that this time he might not be willing, or able, to do whatever it takes. In fact, the European Central Bank president and his colleagues have given no signal ...