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Dubai / Emirates Business Dubai Land Department (DLD) has invited Seven Tides as a selected developer to represent the emirate at investor roadshows in Russia and the UK. Dubai-based luxury property developer Seven Tides will be presenting the popular Anantara The Palm Dubai Residences and the recently launched SE7EN Residences, as well as the Anantara Sky Collection – penthouse conversions, ...

Bloomberg Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. But the mood is shifting. While the ...

Bloomberg BHP Billiton Ltd. is aiming to complete its exit from the US onshore oil and gas sector within two years after settling on asset sales ahead of alternatives such as an initial public offering. “We’re determined to divest these businesses,” Chief Executive Officer Andrew Mackenzie said at an annual meeting in Melbourne. “We have concluded with our shareholders that ...

Bloomberg Mexico is speeding up a countrywide liberalization of fuel prices by a month in a bid to kick-start lagging private investment. Mexico’s energy regulatory commission, CRE, approved bringing forward an end to government-set pump prices in the southeastern zone comprised of Campeche, Quintana Roo and the Yucatan, known as region five, to November 30 from December 30. Mexico will ...

Bloomberg A relentless flow of natural gas from America’s shale basins is drawing bears to the market — and that’s music to the ears of at least one Asia-backed investor. Kalnin Ventures LLC — an investment company with funding from Thailand’s largest coal miner, Banpu Public Company Ltd. — has spent about $417 million over the past two years snapping ...

Bloomberg Toyota Motor Corp. will introduce electric vehicles in China and India from 2020 as it accelerates a push into battery-powered autos amid rapidly tightening environmental regulations. Japan’s biggest automaker will design its own EV for the Chinese market, and is also considering selling EVs developed by its local partners under its marque, the company’s head of China operations, Hiroji ...

Bloomberg Toshiba Corp. plans to sell shares to raise $5.4 billion and will explore a divestment of its Westinghouse-related assets in a bid to avoid being removed from the Tokyo Stock Exchange. Selling its holding in and its claims against nuclear-power business Westinghouse will let Toshiba “significantly reduce” resources required to rehabilitate that unit, funds that can be focused on ...

Bloomberg Honda Motor Co. is recalling about 800,000 of its Odyssey minivans in the US after receiving 46 reports of injuries over faulty passenger seats. The company will repair the seats free of charge for owners of 2011-2017 models, it said. “If a second row seat is not properly latched after adjusting it side-to-side or reinstalling a removed seat, the ...

Bloomberg Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3 percent. Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to sustain growth. ...

Bloomberg Hong Kong’s economy continues to defy its skeptics. It was meant to be the year when monetary tightening from the Federal Reserve, which dictates the city’s interest rates thanks to the local currency’s peg to the greenback, would prick a property bubble. And it was assumed that mainlanders would keep a firm grasp on their wallets, hurting sales across ...