News

  Dubai / Emirates Business Emirates NBD Asset Management’s Emirates Real Estate Fund (‘EREF’ or the ‘Fund’) has won Sector Fund of the Year at the 2017 MENA FM Performance Awards for the second consecutive year. The MENA FM Performance Awards recognised funds and asset managers that have outperformed their peers over the 12 month period ending December 31, 2016. ...

Bloomberg Toyota Motor Corp. led major carmakers reporting lower US sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV. Sales also dropped for General Motors Co. and Ford Motor Co., pacing a 1.8 percent decrease for the ...

  Bloomberg Canada’s economy may be returning to health after an oil shock, but keeping up that momentum could hinge on whether manufacturers show more resilience. Gross domestic product grew 0.4 percent in November after a surprise 0.2 percent contraction the prior month, Statistics Canada said, and advances in exports and jobs have economists projecting fourth-quarter growth at a 1.6 ...

  Bloomberg France’s election is making Europe’s markets nervous. Traders, already wearied from the 2016 gyrations that followed Brexit, Donald Trump’s victory and Italy’s referendum, are pricing in a surge in volatility for April, when the first round of French voting will occur. The scandal threatening to unhinge Republican candidate Francois Fillon’s run for the presidency has raised concerns that ...

  Bloomberg Changes from the Trump administration on work visas will be a boost to Canadian information technology provider CGI Group Inc., a major US government contractor that briefly gained notoriety a few years ago for its role in the Obamacare rollout. The Montreal-based company, which employs more than 11,000 people south of the border, said it’s less exposed than ...

  Bloomberg A Panasonic Corp. inflight entertainment and communications systems subsidiary is under investigation by US authorities for allegedly breaking bribery and securities laws. Panasonic Avionics Corp. is being probed by the US Department of Justice and Securities and Securities Exchange Commission for violating the Foreign Corrupt Practices Act, the Osaka-based company said in a statement on Thursday. Panasonic said ...

  Reuters Increased refinery maintenance in Asia and the Middle East is expected to boost profits for operators in other regions in the first half of this year, market watchers said on Wednesday. Refineries worldwide ran hard during the past two years to capitalise on low oil prices, with Chinese refineries processing a record amount of crude in 2016, meaning ...

  Bloomberg Iraq’s decision not to reciprocate for US President Donald Trump’s visa ban on citizens of seven mostly Muslim countries offers some reassurance for US oil companies working in OPEC’s second-biggest crude producer. US companies working in Iraq include Exxon Mobil Corp. and oil-service providers Schlumberger Ltd., Halliburton Co. and Baker Hughes Inc. Most expatriates in Iraq work on ...

  Bloomberg Desperate to develop its own mineral deposits, resource-hungry India is trying to revive investment by taking aim at illegal miners like the sand mafia — from a few hundred feet in the air. The government will deploy flying camera drones to track renegades who for years have been extracting everything from sand to coal to iron ore without ...

  Bloomberg India’s largest technology companies head to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team ...