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DUBAI / Emirates Business MaK Middle East LLC, a Caterpillar company established in 2017, announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar’s MaK, CM and EMD branded medium speed engines. The new workshop will cater to customer needs for high quality factory after-sales support in ...

Bloomberg Fears of inflation and the possibility of a global trade war have rattled financial markets recently, sending cash flooding into exchange-traded funds that stand to benefit and out of those that likely will be hurt. Investors poured a record $334 million into the Vanguard Materials ETF, ticker VAW. At the same time, they pulled $96 million from the Vanguard ...

Bloomberg Tata Sons Ltd., the holding company for India’s biggest business group, raised $1.38 billion after upsizing its offering of Tata Consultancy Services Ltd. stock, people with knowledge of the matter said. Tata Sons priced its sale of Tata Consultancy shares at about 2,872 rupees apiece, the bottom of a marketed range, according to the people, who asked not to ...

Bloomberg Google’s wants to help users in India get around—no mean feat given the country’s often byzantine address system. The Alphabet Inc.-owned search giant unveiled an open-source project that aims to make sense of the chaos of India’s hyper-growth cities: a shifting warren of hidden alleys, ever-changing landmarks and missing street signs. Called Plus Codes, it’s a location-based digital tagging ...

Bloomberg Samsung C&T Corp., an affiliate of the world’s biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom. Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine ...

Bloomberg After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out his vision as the company tries to become a major financial services platform in the region. Grab, once an ...

Bloomberg Vedanta Ltd. rallied after India’s biggest base metals producer announced a record dividend worth $1.2 billion, potentially helping its London-listed parent pare debt. Vedanta, owned by billionaire Anil Agarwal, reversed from a loss to climb as much as 2.1 percent in Mumbai, while Vedanta Resources Plc surged 2.9 percent in London, after its board approved 21.2 rupees a share ...

Bloomberg China’s largest food company is open to partnering with its competitors as it seeks to meet its biggest challenge: feeding the world’s most-populous country. “We will make sure we have a strong global supply chain to serve our goal in the China market and food security in China,” Cofco Corp. President Patrick Yu said in a Bloomberg Television interview ...

Bloomberg The 22 billion-euro ($27.1 billion) deal that’s shaking up the world of German utilities also has a very British dimension. EON SE’s acquisition of Innogy SE will combine the two UK business they own, shrinking the country’s Big Six utilities to five at a time when both the government and main opposition party are pressing for lower bills. It ...

DUBAI / Reuters Saudi International Petrochemical Co (Sipchem) said on Tuesday it was planning to resume proposed merger talks with Sahara Petrochemical in a deal that could create a 14.7 billion riyals ($3.9 bln) chemicals company. The two companies called off a planned merger in 2014, citing an inadequate regulatory framework in the kingdom for the collapse. Sipchem said on ...