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Abu Dhabi Ports gets int’l accreditation

  Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial and community ports as well as Khalifa Industrial Zone, obtained the ISO 9001:2015 certification, an internationally recognised standard for quality management systems. This reflects Abu Dhabi Ports’ commitment to meeting and exceeding the needs of customers and stakeholders as well as ...

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Barclays extends enterprise skills plan to UAE students

  DUBAI / Emirates Business In line with its ‘Shared Growth Ambition’ program and global commitment to cultivate employability and financial skills in the communities in which it operates, Barclays partnered with INJAZ UAE, a member of Junior Achievement Worldwide (JAW), which is one of the world’s largest non-profit business education organizations, reaching over 10 million students a year across ...

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Toshiba’s chaotic earnings raise doubts over grip on business

  Bloomberg Toshiba Corp. had promised on Tuesday would be the day it explained the depth of trouble in its nuclear business. Instead, the company provided hours of chaos that shook investor confidence and raised new questions about the company’s future. It began with Toshiba confirming plans to report earnings at noon in Tokyo, including a looming multibillion-dollar loss in ...

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Steel resurgence fizzles as China’s property market slows

  Bloomberg Steelmakers aren’t out of the woods yet. A year-long rebound risks fading as a slowdown in China’s property market deepens, exposing bullish sentiment as overblown, according to a US-based hedge fund manager and former Citigroup Inc. analyst. “China’s real estate sector is the biggest X-factor for the steel market globally this year,” Ivan Szpakowski, chief investment officer at ...

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China factory prices surge most since 2011, boosting reflation

  Bloomberg China’s producer prices increased the most since 2011, with the world’s biggest exporter further lifting the outlook for global inflation. Producer price index rose 6.9 percent in January from a year earlier, compared with a median estimate of 6.5 percent in a Bloomberg survey and a 5.5 percent December gain. Consumer-price index climbed 2.5 percent, boosted by the ...

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Australian business conditions surge to nine-year high

  Bloomberg Australian business conditions jumped to the highest level in more than nine years and the employment gauge surged, diminishing the likelihood of interest-rate cuts in the near term. The business conditions index — a measure of hiring, sales and profits — jumped to 16 in January from a revised 10 in December, a National Australia Bank Ltd. survey ...

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Singapore to allow foreign acquisitions of finance companies

  Bloomberg Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium-sized enterprises. The Monetary Authority of Singapore is prepared to consider applications for mergers or acquisitions if any prospective partner “commits to maintaining SME financing as a core business” ...

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California dam crisis leaves power market short of big hydro

  Bloomberg A crippled spillway is threatening to submerge an entire region of northern California after a recent deluge of rain. And the state’s power market may already be feeling it. As state officials rush to repair an emergency spillway for the Oroville dam — just 150 miles (241 kilometers) north of San Francisco — an 819-megawatt hydropower plant, capable ...

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Williams plans to double down in heart of shale

  Bloomberg Williams Cos. is following through on a promise to unload assets and double down in a region of the U.S. where natural gas production is still booming: the Marcellus shale formation. On Thursday, the master-limited pipeline partnership controlled by Williams Cos. said it had struck a deal with Western Gas Partners LP to exchange its 50 percent stake ...

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China steps up Russian oil imports as teapots buy Urals crude

  Reuters Russian crude imports to China have risen in early 2017 as the country’s independent, or teapot, refiners have expanded their diet to include the Urals grade, trade sources said on Tuesday. Russia could expand its market share in China, the second-largest oil consumer, this year after a drop in Brent prices relative to Middle East crude benchmark Dubai ...

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