News

  Bloomberg Monsanto Co., the world’s largest seed company, reported record fiscal second-quarter earnings amid signs that US farmers are preparing to sow record acreage with soybeans this year. Profit excluding one-time items was $3.19 a share in the three months through February, St. Louis-based Monsanto said in a statement, beating the highest of 16 analysts’ estimates compiled by Bloomberg. ...

  Bloomberg Unilever Chief Executive Officer Paul Polman is channeling an aborted takeover coup by Kraft Heinz Co. into some shock therapy of his own. Acknowledging that the failed $143 billion bid had energized his company, Polman announced his most sweeping overhaul of the consumer-goods giant in a bid to protect its independence after being caught off guard by the ...

  Bloomberg Seven & i Holdings Co. agreed to pay $3.3 billion for some Sunoco LP shops and gasoline retailers in an ambitious push by the 7-Eleven convenience chain owner to expand its US footprint with its largest deal on record. The purchase by the Japanese retailer’s 7-Eleven Inc. unit will add 1,108 gas stations and convenience stores in Texas ...

  Bloomberg Let the blame game begin — again — with House Republicans saying they still can’t reach a deal on reviving their health-care bill, likely delaying any chance of action until at least May. “And this time, we’ll have two weeks to let this all fester,” said Representative Dennis Ross of Florida, referring to the two-week recess that starts ...

  Bloomberg Michigan, a state critical to Donald Trump’s presidential win, would be the hardest hit by a proposed 20 percent tax on US companies’ domestic sales and imports, according to a study released by conservative groups associated with billionaire brothers Charles and David Koch. The report, which used federal tax, labor and census data, was commissioned by Freedom Partners ...

  Bloomberg A home on Manhattan’s Upper East Side sold for $79.5 million, according to property records made public, making it the highest price ever paid for a townhouse in the borough. The 20,500-square-foot property, at 19 E. 64th St., had been owned by the Wildenstein family, billionaire art dealers whose gallery was located at the site for more than ...

  ABU DHABI / WAM The Infrastructure and Environment Committee of the Executive Council of Abu Dhabi approved several infrastructure projects. These projects come to meet the growth and sustainability needs of the region and were adopted as part of the Abu Dhabi plan at a total cost of AED74 million. The Committee approved the awarding of the operation and ...

  Dubai / Emirates Business UAE, represented by the Ministry of Finance (MoF), signed an agreement for protection and promotion of investment with Angola, on Ministry’s premises in Dubai. The agreement comes in line with the Ministry’s strategy to expand its network of international relations and protect investments abroad. The agreement was signed by HE Obaid Humaid Al Tayer, Minister ...

  Dubai / Emirates Business Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the landmark IPO of ENBD REIT, which admitted shares to trading on Nasdaq Dubai on March 23. EMCAP acted as Listing Advisor to ENBD ...

  Dubai / Emirates Business The rise of the digital economy has catapulted the GCC into a position of significant market opportunity that serves as an emerging market advantage for the development of a flourishing fintech ecosystem. With the UAE and Saudi Arabia leading the way, the region has some of the world’s highest rates of mobile and internet penetration, ...