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Bloomberg In the battle between Asia’s two highest-yielding major bond markets, Indonesia once again appears poised to gain the upper hand over India. Global money managers are increasingly shunning Indian securities as Narendra Modi’s government hands out billions of dollars in tax cuts and subsidies to boost the prime minister’s appeal ahead of elections, blowing through the nation’s deficit target ...

Bloomberg US nuclear energy developers met with President Donald Trump and asked for help winning contracts to build power plants in the Middle East and elsewhere overseas. “There is competition around the globe, and we want to be part of it,” said Chris Crane, the chief executive officer of Exelon Corp., the largest US operator of nuclear plants, following the ...

Bloomberg A key measure of US inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve’s recent decision to be patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.2 percent from the prior month and 2.2% from a year earlier, according to a ...

Bloomberg T-Mobile US Inc. Chief Executive Officer John Legere says his company doesn’t use equipment from Huawei Technologies Co., and won’t after buying Sprint Corp. to form a bigger No. 3 in the US wireless market. “Let me be clear —we do not use Huawei or ZTE network equipment in any area of our network. Period. And we will never ...

Bloomberg For all the palpitations that the trade war between the US and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth. Deteriorating demand is evident across the 19-nation euro area as it finds itself squeezed between international and domestic drags. That leaves its expansion at risk of barely topping ...

Bloomberg European Union negotiators agreed on new natural-gas rules that preserve a concession to Germany over its controversial plan to import more of the fuel from Russia. Representatives of EU governments and the European Parliament approved a revision to gas-market legislation while scaling back hurdles for the planned Nord Stream 2 pipeline. The deal in Strasbourg, France, keeps intact a ...

Dubai / WAM Richard Rasi, Deputy Prime Minister of the Slovak Republic for Investment and Information, shared prospects for cooperation between his country and the UAE during his participation in WGS. “We have more than 150 Slovak companies operating in the UAE and we are looking forward to further cementing our collaboration”, Rasi said.

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, viewed some innovative works presented by Brand Dubai, a branch of the Dubai Government Media Office, at the 7th World Government Summit (WGS). The three-day summit, which concludes on Tuesday, is being attended by representatives from over ...

DUBAI / WAM HH Sheikha Mariam bint Mohamed bin Zayed Al Nahyan, Chair of the Board of Trustees of the Salama bint Hamdan Al Nahyan Foundation, addressed the World Government Summit in Dubai on Tuesday. The speech was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; ...

DUBAI / WAM The Vice President, Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, witnessed a session presented by His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, titled, “Journey of Wisdom” during the 7th World Government Summit. During his speech, Sheikh Saif ...