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Bloomberg SoftBank Group Corp. is getting ready to return to overseas debt markets for the second time in two months after issuing $4.5 billion in dollar-denominated subordinated notes in July. Headed by billionaire Masayoshi Son, SoftBank is accelerating deal-making around the world, and has been in discussions to combine its US wireless operator Sprint Corp. with a potential partner. The ...

Bloomberg Mark Mobius has given his blessing to a new venue that would permit dual-class shares. Hong Kong Exchanges & Clearing Ltd.’s plan that would allow dual-class companies to list at a bourse away from the city’s main exchange “is probably the answer,” said Mobius, executive chairman at Templeton Emerging Markets Group. “People can make a choice, if they don’t ...

Bloomberg Hurricane Irma smashed into Florida as a powerful Category 4 storm, driving a wall of water and violent winds ashore and marking the first time since 1964 the U.S. was hit by back-to-back major hurricanes. The eye of the storm moved over the lower Florida Keys at about 9 a.m. on Sunday with top winds of 130 miles (209 ...

Bloomberg You don’t need to tell UK nurses what this week’s inflation and wage data will show. They say their living standards have been squeezed for seven years, and now it’s reached crisis point. With reports from the Office for National Statistics set to show pay continuing to lag price growth in Britain, nurses are just the latest group of ...

Bloomberg The state of Ohio’s lawsuit against opioid maker Purdue Pharma should be thrown out because it runs afoul of federal drug regulations and doesn’t show the company’s Oxycontin painkiller marketing caused specific harm, according to a court filing. Stamford, Connecticut-based Purdue filed its response in state court in Ohio to Attorney General Mike DeWine’s May suit, accusing the pharmaceutical ...

KIEV / Reuters Ukraine might lose its second largest wheat export market, Egypt, due to new wheat import requirements that favour rival Russia, Ukraine’s acting agriculture minister said. Ukraine exported around 2.5 million tonnes of wheat to Egypt in the 2016/17 season, or about 14 percent of the country’s total wheat exports of 17.5 million tonnes, according to consultancy UkrAgroConsult. ...

Bloomberg Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover about $100 million to $150 million, with costs shared by carriers in the London market and elsewhere, said the ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched ‘Service 1’ centre, at Emirates Tower, which includes 14 government agencies, IBM Watson, and smart robots, to provide personalised services to customers. His Highness Sheikh Mohammed bin Rashid said that Service 1 centre is a model ...

DUBAI / WAM Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, has announced that its real estate projects worth over AED4.5 billion across the UAE are generating investor interest, amidst optimistic trends in the real estate sector in the country. The company is currently developing the Mirdif Hills project in Mirdif through Dubai Investments Real ...

ABU DHABI / WAM The Ministry of Human Resources and Emiratisation (MOHRE) announced that the supply of domestic labour to the UAE will soon expand as the ministry prepares to sign bilateral memorandums of understanding with a number of countries of origin. In a statement, Dr Omar Alnuaimi, Assistant Under-Secretary for Communication and International Relations at MOHRE, said, “Soon after ...