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  Bloomberg China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter. The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked ...

  Bloomberg Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. will begin charging for its services from April 1 and extended a slew of promotional offers to users as India’s newest wireless carrier attempts to retain customers. Customers who adopt Jio before March 31 will have the option of signing up for Jio Prime at 99 rupees ($1.48), plus a monthly ...

  Bloomberg Natarajan Chandrasekaran took over as chairman of Tata Sons Ltd., the holding company of Tata Group, pledging to improve capital allocation and boost returns from the $100 billion salt-to-software Indian conglomerate. The challenge for Chandrasekaran, or Chandra as he’s known, will be to rekindle growth and revive Tata’s weaker units after almost four months of boardroom turmoil that ...

  Bloomberg Singapore plans to implement Southeast Asia’s first carbon tax starting in 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 ($7) and S$20 a ton on emissions of carbon dioxide and five other greenhouse ...

  Bloomberg The US economy should be able to weather President Donald Trump’s temporary travel ban, economists say, though any broadening of immigration and visa restrictions could hurt the labor force and productivity. Two-thirds of economists surveyed by Bloomberg said the ban, which has for the moment been temporarily suspended by the courts, will have “little to no effect” on ...

  Bloomberg US utility owners from Duke Energy Corp. to NextEra Energy Inc. are warning investors that their earnings may take a hit from tax reforms being floated in Washington. At risk is a provision corporations have enjoyed for years. It gives utilities the right to deduct what can be considerable tax expenses because of the billions of dollars of ...

  Abu Dhabi / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday officially inaugurated Al Hili, the sixth and the latest Baynunah-class corvette built by Abu Dhabi Ship Building (ADSB) for the UAE Navy, in a ceremony held at NAVDEX, the naval defence and maritime security ...

  Abu Dhabi / WAM Arms deals worth AED 6.919 billion (US$ 1.88 billion) were signed on the second day of the International Defence Exhibition and Conference, IDEX 2017, bringing the total transactions in 48-hrs of the exhibition to more than AED11.335 billion (over US$3 billion). Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson for the 13th edition of IDEX, said that ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, revealed continued growth and increased profit margins in 2016 following 12 months of key announcements and operational achievements. The company, which has been leading the residential and commercial development of Ras Al Khaimah while rolling out a ...

  Bloomberg Singapore’s Finance Minister Heng Swee Keat outlined a set of targeted measures in his budget speech to help the struggling offshore and energy services industry and spur construction. The government will bring forward S$700 million ($493 million) worth of infrastructure spending and defer levies on foreign workers in the marine and process sectors for another year, Heng told ...