News

Bloomberg The world’s most profitable graphite electrode maker expects China’s push for blue skies to fuel higher margins as it bolsters demand for the steelmaking ingredient. India’s HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent as demand remains strong because of environmental curbs in China, according to Chief Executive ...

Bloomberg Fresh off signing their trade deal with the US, the governments of Canada and Mexico are diverging on the continent’s other trade fight over metals tariffs — with Mexico setting hopes for a deal sooner than Canada. The three countries signed their new deal in Buenos Aires to replace the North American Free Trade Agreement (Nafta) despite US tariffs on ...

Bloomberg Euro-area manufacturers saw activity slow further as concern over trade wars and political instability hit demand for machines and other investment goods. IHS Markit’s Purchasing Manager’s Index for factories fell to 51.8 in November from 52 in October. While the reading exceeded a prior flash estimate of 51.5, it marked the weakest growth in more than two years. “Production ...

Bloomberg New Enterprise Associates (NEA), one of the largest venture capital (VC) firms in Silicon Valley, is selling off a chunk of its more mature startup investme-nts to a separate fund run by one of its partners. Goldman Sachs Group Inc, an investor in NEA, bought a stake in the new $1.35 billion fund, which expands the Wall Street firm’s ...

Bloomberg As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial institutions are having or have had talks with the Dutch central bank about setting up shop in the Netherlands, according to Tobias Oudejans, a spokesman for the institution. Fewer than five companies have been granted licenses ...

Bloomberg AT&T Inc is putting its new Time Warner arsenal of media properties to work, unveiling plans to roll out a three-tiered streaming-video service to compete with Netflix Inc. One of the new products launching late next year will be a movies-only plan, the company said. Another will have original programming as well as blockbuster films. And the highest-priced choice ...

Bloomberg California’s top energy regulator isn’t sure how to fix PG&E Corp. As protesters chanted “No bailout” at a public meeting, California Public Utilities Commission President Michael Picker said the company “lacks a clear vision for safety” and will face a sweeping review following the deadliest wildfire in state history. “Is there a different model to ensure that we have ...

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, has said that Commemoration Day is a national occasion to remember the ultimate sacrifice of the noblest sons of the United Arab Emirates who gave up their lives for the glory of this great ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it is moving ahead with plans to expand the capture, storage and utilisation of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant. A decision on which plant to capture the CO2 from first will be taken in ...

ABU DHABI / WAM The UAE Government adopted the launch of the Industrial Development Strategy 2030, with a view to develop and build the capacities of the UAE industrial sector. The strategy includes developing a road map to achieve a number of objectives within a specific time frame, establish a set of enablers that would increase the contribution of the ...