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DUBAI / WAM Dubai South is set to highlight the latest developments in the Middle East’s rapidly growing e-commerce sector at the upcoming eCommerce Expo in Olympia, London, where it will be promoting the Logistics District and its recently launched fully dedicated e-commerce free zone, EZDubai. The eCommerce Expo is scheduled take place on September 25-26 and is considered UK’s ...

Bloomberg BNP Paribas SA became the latest global firm to be dragged into the tensions roiling Hong Kong after the French lender publicly apologized for a posting on an employee’s personal social media account. The lender’s statement on its website came after an unidentified employee made remarks on Facebook about a pro-Beijing group singing the Chinese national anthem at a ...

Bloomberg US rice growers won’t get increased sales under the current terms of a trade deal agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe, people familiar with the accord said. While there are still details to be finalised, the people said there won’t be any expansion of Japan’s quotas for US-grown rice. US producers hope the issue ...

Bloomberg China Gold International Resources Corp, the overseas arm of state-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price. “We need more pipeline, especially in gold production,” Jerry Xie, executive vice president, said in an interview on the sidelines ...

Bloomberg An MTR Corp train derailed in Hong Kong, dealing a fresh blow for the subway operator that has become a target and battleground in the anti-Beijing demonstrations rocking the city. The incident, which occurred on Tuesday morning and injured eight people, involved three carriages that went off track and prompted the company to suspend trains running between Hung Hom ...

Bloomberg Global investors are starting to fall out of love with Narendra Modi. After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve sold $4.5 billion of Indian shares since June, on ...

Bloomberg Global fund managers say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies. Uncertainty from the US-China trade war and perceived monetary-policy impotence are increasingly placing the onus on fiscal policy, according to a recent investor survey conducted by Bank of America Merrill Lynch. Yet market participants are ...

Bloomberg President Donald Trump said his administration will enter into an initial trade accord over tariffs with Japan in the coming weeks while Tokyo warned any final deal must include assurances that Washington won’t slap new tariffs on $50 billion of Japanese auto exports. In a notice to Congress, Trump also said the US will be entering an “executive agreement” ...

Bloomberg Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US tech companies as some politicians have suggested. The Microsoft Corp co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software ...

Bloomberg Elliott Management Corp has built a stake in CNH Industrial NV in a bid for constructive engagement with the truck and tractor maker controlled by Italy’s Agnelli family, according to people familiar with the matter. Elliott, run by billionaire Paul Singer, sees value-creation potential in CNH’s plan to separate the Iveco truck business from its more profitable agricultural machine ...