News

Bloomberg China’s home prices rose in fewer cities in January as the government persisted with an almost two-year campaign to cool the market. New-home prices, excluding government-subsidized housing, climbed in 52 of 70 cities tracked, compared with 57 in December, the National Bureau of Statistics said on Saturday. Prices fell in 13 cities from the previous month and were unchanged ...

Bloomberg India’s biggest exchange operator, which ended licensing deals with its global counterparts in an effort to rein in offshore derivatives, wants index compilers to stay out of the dispute. Vikram Limaye, chief executive officer of the National Stock Exchange of India Ltd., said in an interview that he is asking MSCI Inc. to tell its clients to not use ...

Bloomberg Some are handing out bonuses or raising pay, others are subsidising housing or upgrading mobile homes to include showers and central heating. Whatever they’re doing to attract or retain workers, British farmers are increasingly worried about a labour shortage. Brexit is delivering on at least one of the priorities for its ardent supporters as Europeans start to stay away ...

Bloomberg Volkswagen AG offered a tempered earnings and sales forecast for 2018, citing the risk of a “slight” slowdown in the global economic growth that powers the car-buying market. Operating profit could increase by a fraction of a point to as high as 7.5 percent of revenue this year, Volkswagen said. Sales will rise 5 percent, but the forecast depends ...

Bloomberg Snap Inc.’s CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant he got when his company went public. The Venice, California-based maker of the Snapchat photo-sharing app awarded Spiegel shares equal to 3 percent of the outstanding capital stock when the initial public offering closed in ...

Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by ­higher sales across all product lines in the period that ended on January 31, ...

Bloomberg Dropbox Inc., the file-sharing company that’s been privately valued at $10 billion, filed for a US initial public offering, saying it was at scale and capable of moving fast. The company filed with an offering size of $500 million, according to a filing with the US Securities and Exchange Commission. That amount is a placeholder and is likely to ...

Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...

ABU DHABI / WAM The UAE-based banks’ total assets surged to $734 billion (AED2.693 trillion) at the end of 2017 from AED2.642 trillion by the end of Q3 in the same year, continuing to be on top of GCC-based banks in terms of assets for the third year running. The resilient solvency of UAE banks comes on the back of ...

Abu Dhabi / WAM The collapse in global oil prices between June 2014 and January 2016 led to nearly one trillion US dollars in investment being frozen or discontinued with “many hundreds of thousands of jobs” being lost throughout the industry, according to UAE Minister of Energy and Industry, Suhail bin Mohammed Faraj Faris Al Mazrouei. Now it is time ...