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Bloomberg General Electric Co. may have to pay a little more the next time it wants to make payroll. The manufacturing giant lost the near-top credit ratings on its short-term debt. That downgrade will likely force the company to pay more to borrow in at least one credit market, namely the market for bonds known as commercial paper. GE relies ...

Bloomberg Suddenly, a no-deal Brexit is just one of the many unknowns pound traders need to contend with. Now the risk of a second referendum or even another UK election needs to be taken on board by investors. The biggest worry is still that Britain will crash out of the European Union without an economic agreement, with talks deadlocked and ...

Bloomberg Tesla Inc. shares dropped as much as 3.7 percent after the company reported third-quarter delivery and production figures that analysts described as solid, yet firmly within expectations. “Even bears expected an unusually strong third-quarter delivery result given extraordinary measures to produce, sell and deliver units,” according to Morgan Stanley analyst Adam Jonas. Tesla shares closed down 3.1 percent, after ...

Bloomberg Aston Martin’s trading debut floundered after investors balked at a valuation that had put the UK luxury carmaker on par with larger and more profitable Italian competitor Ferrari NV. The stock fell as much as 7.5 percent in London on Wednesday from its initial public offering price of 19 pounds ($24.70), a figure that gave the Gaydon, England-based company ...

Bloomberg Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran. Futures rose 0.2 percent in New York after closing at the highest since November 2014. Iranian crude and condensate exports declined to their lowest in 2 1/2 years before the impending return of US sanctions. ...

DUBAI / WAM Emirates NBD announced the introduction of Friday banking at three of its mall branches — Dubai Mall, Mall of the Emirates, and Mirdif City Centre. Customers now have the flexibility to conduct banking at their own convenience, with these bra-nches now open on Friday between 3 and 9pm. The new Friday hours will enable customers to open ...

Dubai / Emirates Business An emergency cash funding platform has been launched by two Dubai-based finance entrepreneurs aimed at helping UAE consumers to avoid entering a debilitating debt spiral by facilitating access to short term cash. A new Online Service called BuyBackBazaar enables access to instant cash to customers who sell their possessions such as a phone or laptop and ...

Dubai / Emirates Business­­­­­ In another major step towards positioning the UAE and Dubai as a hub for east-west trade global trade enabler DP World has announced plans to build ‘The Belt and Road’ Dubai Station in partnership with Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd (ZPG). The Belt and Road Station will integrate logistics, warehousing, e-commerce, circulation ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) has announced the launch of the second edition of its ‘IP Gateway’ for filing complaints relating to trademark infringements in a smart application format. The portal-to-app move marks a quantum leap in DED’s intellectual property (IP) related services as receiving complaints and ...

Dubai / Emirates Business­­­­­ The Emirates A380 aircraft made a historic touch down at the Kotoka International Airport’s Terminal 3, as a one-off service to the new terminal. The airline’s flagship double-decker has become the first-ever scheduled A380 service to Ghana, demonstrating the airport’s readiness to accommodate the A380, the world’s largest commercial passenger jet. The special Emirates A380 flight ...