News

Bloomberg Japanese power producers have been emitting more carbon dioxide since a nuclear disaster in 2011 led to an increased reliance on fossil fuels, but a new kind of bond could help them reverse that trend. So-called transition bonds can pay for not-so-green companies to move towards cleaner business models, and Japanese electrical utilities could issue them to help reduce ...

Bloomberg A group of investors led by SoftBank’s Latin America Fund will invest $125 million in AlphaCredit, the Latin American financial technology platform said. The investment will allow “AlphaCredit to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model,” the ...

Bloomberg Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co and Mitsubishi Motors Corp is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien ...

Bloomberg WeWork agreed to provide space in New York to 250 Gympass employees, Reuters reported, citing people familiar with the matter. SoftBank is a minority investor in the gym membership app company and is the majority owner of the US office-sharing company WeWork WeWork and Gympass agreed a three-year deal, according to the sources.

Bloomberg Temasek Holdings Pte has “significantly” increased the number of companies it’s bought into while boosting the value of its portfolio by about 3%, Temasek International Chief Executive Officer Dilhan Pillay said. The Singapore state investor’s portfolio value as of March 31, 2019 was S$313 billion ($232 billion) — up 1.49% from the year prior. When asked how it has ...

Abu Dhabi / WAM The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 billion, a growth of 8 percent from AED13.7 billion in the same period of 2018, according to figures released by the Ministry of Finance. The total value of registered grants provided by the country during that period accounts ...

Bloomberg The rapid spread of a deadly virus from China will be top of emerging-market investors’ minds as they ponder its impact on the global economy. Concern that the outbreak will develop into something akin to the Sars pandemic of 2003 halted a seven-week rally in developing-nation stocks, currencies and bonds in the five days through Friday. The yuan underperformed ...

ABU DHABI / WAM UAE Minister of Health Abdul Rahman Bin Mohammed Al Owais has stressed that no case of coronavirus infection was found in the UAE and that all necessary precautions have been taken to protect the country from the disease. The minister made the statement during a meeting of the National Emergency, Crisis and Disaster Management team, which ...

ABU DHABI / WAM The Sorbonne Centre for Artificial Intelligence was inaugurated on Sunday at the Sorbonne University Abu Dhabi (SUAD), campus, in the presence of Zaki Anwar Nusseibeh, Minister of State and Chairman of the Board of Trustees of Sorbonne University Abu Dhabi and Professor Jean Chambaz, President of Sorbonne University and Vice Chairman of the Board of Trustees ...

ABU DHABI / WAM The National Health Insurance Company – Daman announced its vision to fill the shortage of qualified actuaries using home-grown talent over the coming decade; providing Emiratis an opportunity with a highly technical qualification whilst circumventing a large global shortage in the specialty. In a press statement on Sunday, Hamad Al Mehyas, deputy Chief Executive Officer of ...