Blog List Layout

  Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said he expects U.S. economic conditions to continue improving, making further rate increases appropriate, although it will be important to see whether a weak employment report for May proves to be an anomaly. “Lately the economic data have been choppy,” Rosengren said in the text of a speech prepared for ...

  Bloomberg Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and CEO Rex Tillerson said. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming months ...

  Beijing / AFP US envoys pressed China on Monday to cut excess steel production that is flooding global markets and to reach a diplomatic settlement to territorial disputes in the South China Sea as the two sides opened a high-level dialogue. The annual meeting of Cabinet-level foreign affairs, trade and other officials from both sides is meant to head off ...

  Beijing / AFP President Xi Jinping said China and the US needed to trust each other more as both sides sought to minimise tensions over the South China Sea at the opening on Monday of key annual talks in Beijing. China claims nearly all of the strategically vital sea despite competing claims by several Southeast Asian neighbours, and has ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is hosting its largest ever group of travel trade professionals from Africa, during a six-day familiarisation trip aimed at positioning Dubai as a leading destination of choice. The familiarisation trip, which ends on June 7, has given over 300 senior management executives from 12 African countries ...

  Dubai / Emirates Business Within the framework of strengthening cooperation links with educational entities in the UAE, the Mohammed bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding (MoU) with the United Arab Emirates University (UAEU) in order to develop qualified national human resources to work in the space science and technology sector. The MoU was signed by ...

  Bloomberg Campaigners to get Britain out of the European Union have moved into the lead, according to a YouGov poll that increases the pressure on Prime Minister David Cameron with less than three weeks until the referendum. The online poll for ITV’s Good Morning Britain programme on Monday put “Leave” voters at 45 percent and “Remain” at 41 percent, ...

  Sharjah / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Sunday launched a special Ramadan campaign in the UAE that aims to provide 5 million books for children in refugee camps and students in under-privileged schools across the world. The campaign will distribute two million books to children and ...

  Ulan Bator / AFP US Secretary of State John Kerry on Sunday warned Beijing against setting up an air defence identification zone (ADIZ) over the disputed South China Sea during a visit to Mongolia. Washington would consider the establishment of such a zone—which would require civilian aircraft to identify themselves to military controllers—”a provocative and destabilising act,” Kerry said in ...

  Dubai / Emirates Business The upturn in the UAE’s non-oil private sector regained some momentum midway through the second quarter, thanks mainly to a sharp expansion of output. Activity increased at the fastest pace in eight months during May, helped by a pick-up in new business growth. However, data pointed to areas of underlying fragility, as both employment and ...