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Bloomberg China tried to strike a positive tone after Donald Trump’s trade negotiators left Beijing with no public sign of an agreement, reiterating that the US shouldn’t make unreasonable demands. State media over the weekend offered a somewhat positive assessment of the US trade talks, urging more negotiations while saying the Americans should be “rational and pragmatic.” And in a ...

Bloomberg Not long after US authorities filed sealed charges against Volkswagen AG’s old chief executive officer, they granted the new CEO a rare safe-passage deal. The Justice Department agreement allows Herbert Diess, promoted last month to lead the German automaker, to travel the world freely without fear of being arrested in connection with the US’s diesel-rigging investigation, according to two ...

Bloomberg Once again, the pound’s fortunes lie with the Bank of England. Traders will scrutinise the central bank’s policy decision on Thursday for any signs that an interest-rate hike this year is still in the cards. A lot of bad news has already been baked into the UK currency and a “relatively hawkish hold” from the BOE could push it ...

Bloomberg German factory orders unexpectedly dropped in March and February was revised lower, confirming a weak start to the year in Europe’s largest economy and raising concern over the strength of the euro-area growth. Orders slid 0.9 percent, compared with a median estimate for a 0.5 percent increase in a Bloomberg survey. With February’s figure revised to minus 0.2 percent ...

Bloomberg Warren Buffett boosting his stake in Apple Inc. has pundits predicting it is poised to hit $1 trillion in market value. But the iPhone maker isn’t the first to tread that lofty path. PetroChina Co. crossed the milestone back in November 2007, when its mainland shares almost tripled in value in their Shanghai trading debut. But the state-controlled energy ...

Bloomberg Angelo Gordon & Co. has raised $843 million for its second Europe-focussed real estate fund, surpassing its $750 million target. AG Europe Realty Fund II will seek out complex, off-market opportunities in the UK and elsewhere in Western Europe, regions that are “still experiencing substantial levels of distress and dislocation,” said Anuj Mittal, co-portfolio manager of European real estate ...

Bloomberg A plan to replace the chief executive officer of Xerox Corp. and several directors fell apart over a technicality, setting the stage for a proxy fight in which activist shareholders will seek to improve the terms of a deal to cede control of the iconic US printer company to Japan’s Fujifilm Holdings Corp., or scrap it entirely. In a ...

Abu Dhabi / WAM Aldar Properties has announced a contribution of AED36 million to Sandooq Al Watan, the National Fund entrusted with the responsibility of promoting sustainable development, a decent life and a bright future for all the people of the UAE. The contribution was personally made by Aldar’s Chairman, His Excellency Mohamed Khalifa Al Mubarak. Aldar’s latest contribution to ...

DUBAI / WAM Enoc Group unveiled on Sunday that its sales volume in 2017 reached 249 million barrels, underpinned by the group’s strategic expansion of trading activities, retail operations, energy storage and petroleum product marketing efforts. Saif Humaid Al Falasi, Group CEO of Enoc, said, “The UAE is an integral player in the global energy landscape and is at the ...

DUBAI / Emirates Business A unique world-class pioneering project to facilitate and support the growth of local and international entrepreneurs and position the UAE as a leading light in global business innovation is being brought forward by Al Ahli Holding Group. The Dubai-based multi-diversified conglomerate is behind Nomad, a highly ambitious one million square foot entrepreneur and media hub which ...