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Bloomberg Over in Asia’s booming dollar-bond market, there are two notable absentees: Thailand and the Philippines. The two countries are missing out on the rush to dollar-denominated debt, instead relying on their domestic fixed-income markets and lending from banks— something that’s unlikely to change anytime soon. Issuance from Thailand and the Philippines combined stands at a paltry $3.7 billion, compared ...

Bloomberg Zai Lab Ltd., a Chinese drug developer working on cancer treatments, has picked banks to arrange a planned US initial public offering that could raise about $150 million, people with knowledge of the matter said. The Shanghai-based biopharmaceutical company, started by former Pfizer Inc. senior scientist Samantha Du, is working with Citigroup Inc. and JPMorgan Chase & Co., according ...

Bloomberg The UK is seeking to regain momentum in so-far sluggish Brexit negotiations by publishing this week the first outline of its positions as two key ministers issued a joint declaration on a the post-European Union transition period, ending their disagreement over the issue. The government plans to issue the first of three discussion papers ahead of the next round ...

Bloomberg Chancellor Angela Merkel hit the campaign trail with a swipe at German auto executives for a diesel cheating scandal, sounding a pro-labour message she’ll use to counter her Social Democratic Party challenger leading up to the country’s Sept. 24 election. As polls give Merkel’s Christian Democratic Union-led bloc a wide lead over the SPD with six weeks of campaigning ...

Bloomberg The former Google engineer, whose controversial memo has triggered a nationwide debate on gender differences and diversity efforts in technology, defended his views in an interview Wednesday with Bloomberg Television, saying company executives are smearing him in its wake. James Damore, who until Monday worked as an engineer on video and image search at Alphabet Inc.’s Mountain View, California, ...

Bloomberg UK shoppers are in the “teeth” of a squeeze on their pockets and they’re going to have to ride it out for the rest of the year. That’s the view of Bank of England Governor Mark Carney, who said this month that consumers may have to wait a bit longer to see real wage growth again. Data next week ...

Bloomberg For Dana Dwyer, an Oracle Corp. employee and mom, a full tank of gasoline at the end of her workday is something she describes with just two words: “It’s happiness.” Dwyer spends an hour each morning fighting through 20 miles of Bay Area traffic to get her child to school and herself to work. At night, “making one more ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent a personal message to the Emirati youth on the occasion of International Youth Day, ...

Abu Dhabi / WAM The bodies of the four Emirati martyrs, Captain Ahmed Khalifa Al Baloushi, 1st Lieutenant Pilot Jassem Saleh Al Zaabi, Warrant Officer Mohammed Saeed Al Hassani, and Warrant Officer Sameer Mohammed Murad Abu Bakr, arrived at the Al Bateen Airport in Abu Dhabi. The bodies were accompanied by a number of officers from the UAE Armed Forces. ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The ...