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Bloomberg Chinese companies spent far less on German firms in the second half of this year as Chancellor Angela Merkel’s government moved to tighten its grip on foreign investment, according to data compiled by business services provider Ernst & Young. Chinese investment in German takeovers or in stakes in German companies plunged to $311 million during the period from almost ...

Bloomberg Tesla Inc. is getting ready to break ground on its factory and Chief Executive Officer Elon Musk can’t wait to visit. “Looking forward to visiting soon for the groundbreaking of Gigafactory Shanghai,” Musk wrote in a tweet. He didn’t provide a date for the visit. The China plant would be a significant milestone for the battery-car manufacturer as it ...

Bloomberg China heads into the new year with its factories back in contractionary territory as the threat of a prolonged trade war dampens sentiment and stimulus struggles to gain traction. The manufacturing purchasing managers index dropped to 49.4 in December, the weakest since early 2016 and below the 50 level that denotes contraction. Measures of new orders and new export ...

Bloomberg Canadians will start paying a carbon tax in what is set to be a key political battleground of the 2019 election. From January 1, Justin Trudeau’s government will start rolling out a “backstop” price on provinces that don’t have their own levies on emissions. That includes Ontario, an industrial heavyweight whose populist premier scrapped an existing plan, setting up ...

Bloomberg Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas. Changes in Texas job growth tend to lag big moves in the crude price by about six months, according to a report. With the average price of West ...

Bloomberg The world’s best-paying bond has a big fan in one of the world’s largest bond investors. Pacific Investment Management Co and its parent company, Allianz Global Investors, have snapped up an Argentine government note that pays a floating coupon equal to the country’s benchmark interest rate — which at one point in October reached a staggering 74 percent. They ...

Bloomberg College football won’t go dark on New Year’s Day. Millions of TV customers from Boston to Washington were spared the loss of channels such as ESPN — and popular college football games — after Verizon Communications Inc and Walt Disney Co struck a distribution agreement on the eve of the New Year. The companies reached a broad-based, multiyear agreement, ...

ABU DHABI / WAM The Abu Dhabi Department of Culture and Tourism has made many achievements, in light of the emergence of specialist tourism trends and its efforts to improve local tourism infrastructure and to inaugurate new attractions that combine originality, modernity and hospitality. These achievements have positively affected the number of visitors to the emirate and its hotel occupancy ...

TOKYO / WAM Japan has imported 26.528 million barrels of crude oil from the UAE in November 2018, data released on Sunday by the Agency for Natural Resources and Energy in Tokyo showed. This accounts for 28.3 percent of Japan’s total crude imports, the agency that belongs to the Ministry of Economy, Trade and Industry, reported. Japan’s total crude oil ...

Abu Dhabi / WAM The net international reserves in the UAE banking sector hit an all-time high of AED404.3 billion by the end of November, up 23.1 percent of AED76 billion from AED328.3 billion during the same month last year, according to central bank figures. The remarkable growth in net international reserves reflects the distinctive financial and economic status boasted ...