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Bloomberg As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and buyers are still thronging to buy new apartments. This time around, the boom has been ...

Bloomberg China’s next batch of economic data is expected to signal that consumption remained steady while industrial momentum softened a bit in the world’s second-largest economy. Data on Wednesday will show retail sales growth was unchanged last month while growth in factory output and investment both edged down for a second month, economists say. That would reinforce expectations that economic ...

Bloomberg Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on US companies’ stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft Corp., Merck & Co. Inc. and ...

Bloomberg UK inflation resumed its upward march last month, accelerating more than forecast to the fastest pace in four years. An increase in prices for computer games, laptops and package holidays — partly reflecting the impact of the weaker pound — lifted the inflation rate to 2.9 percent, the highest since June 2013. Economists had forecast that it would remain ...

Bloomberg General Electric Co. is unveiling software for boosting its machines’ productivity and streamlining repairs, alongside deals with Danish shipping line Maersk Corp. and French energy producer Dalkia SA. GE announced new software for power plants, drilling platforms and wind farms at an event in Berlin on Tuesday. The showcase for GE’s IT know-how comes a day after the Boston ...

Bloomberg There may be trouble ahead for the debt fueling America’s car addiction. Securities backed by certain auto loans have “some real fundamental credit issues,” according to Chris Flanagan, a top-ranked analyst who specializes in structured finance at Bank of America Corp. The dangers lurk in subprime deals and in bonds supported by car rentals, Flanagan wrote in a note ...

Dubai / Emirates Business The System Integrators (SI) services market in the Middle East and Africa (MEA) was valued at US$10.34 billion at the end of 2016, following a five-year growth spurt during which the market increased by a Compound Annual Growth Rate (CAGR) of 8.87%, posing huge opportunities to bring solutions to new sectors according to STME, the Middle ...

ABU DHABI / WAM Emaar is back in uptrends, spiking to a one-year high of AED7.83, continuing its rising streak since its announced plans earlier in the week to sell as much as 30 percent of its real estate development business in the country in an initial public offering in November. Driven by the prevailing high sentiments, the trading companies ...

DUBAI / WAM Industry leaders and innovators in Canada are looking at Dubai as a promising hub for expanding to new markets and pursuing further innovations, according to a trade mission that toured the Canadian cities of Toronto and Montreal recently. The mission, led by Dubai Investment Development Agency, Dubai FDI, an agency of Dubai Economy, participated in a ser- ...

Dubai / Emirates Business Emirates NBD, one of the leading banks in the region, won major recognition at the Euromoney Awards for Excellence in 2017. For its strides in the digitalisation of banking and focus on delivering a superior customer experience proposition, the bank was awarded the titles of ‘Best Digital Bank in the Middle East’ and ‘Best Bank in ...