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Bloomberg Indian Prime Minister Narendra Modi’s government is considering easing lending rules for shadow banks, according to people familiar with the matter, a move that would give the cash-starved financiers access to funds. Modi’s cabinet is likely to discuss allowing state banks to provide so-called credit enhancement against securities rated BBB+ to non bank financiers, the people said, asking not ...

Bloomberg The use of ride-hailing apps is declining in China as operators scale back incentives for drivers, contributing to the slowdown in car sales in the world’s biggest auto market, according to a Sanford C Bernstein report. Total daily active usage across ride-hailing apps in the third quarter fell 6.3% from a year earlier, marking a fifth consecutive quarterly drop, ...

Bloomberg Indonesia is touting an abundance of low-cost renewable energy to lure billions of dollars in investment Southeast Asia’s largest economy needs to build processing plants for commodities such as nickel, copper and aluminum. The commodity powerhouse has potential to develop 33,000 megawatts of hydro power and 29,000 megawatts of geothermal energy at costs as low as 2-4 cents per ...

Bloomberg For some money managers, closing a $100 million fund would be akin to reeling in a big fish. For Rob Kaplan, it’s just the bait. Kaplan, a former Walmart Inc executive, plans to invest the $106 million he’s raised from some of the world’s biggest plastics makers in companies that promise to prevent trash from ending up in the ...

Bloomberg President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing. “I have no deadline,” he told reporters on Tuesday on London when asked if he wanted an agreement by year end. Stocks dropped in ...

Bloomberg The European Union (EU) is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy. At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the December 12-13 meeting. To meet this ...

Bloomberg Opec+ is poised for a debate about lax implementation of oil-production cuts in Vienna this week, with Russia asking to discuss a rule change that would exclude some of its oil production from the group’s quota. Ministers from some of the world’s largest oil producers are gathering this week, and typically their discussions wouldn’t focus on a niche hydrocarbon ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Sheikhs, attended on Tuesday the ‘March of the Union’ as part of the Sheikh Zayed Heritage Festival 2019 in Al Wathba, Abu Dhabi, on the occasion of the 48th National Day. The march, ...

Abu Dhabi / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court, participated in the ‘Darna Amana’ initiative led by the Abu Dhabi Awards organising committee in collaboration with the Emirates Foundation, Tadweer, and Abu Dhabi Police. The initiative which sought to clean up the Family Park at Abu Dhabi Corniche, following ...

Dubai / Emirates Business Held 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 12th edition of the Arab Strategy Forum will begin in Dubai on December 9 at Ritz Carlton DIFC, with former US Vice President Dick Cheney, and former Foreign Minister of ...