News

  Bloomberg A sales hangover and holiday-shortened month combined to send China’s passenger-vehicle sales to their first decline in almost a year, with sedan deliveries bearing the brunt of the slump. Deliveries fell 9.8 percent last month to 2.12 million units in January, the first decline since February of last year, according to the China Passenger Car Association. The week-long ...

  Bloomberg Television Broadcasts Ltd., Hong Kong’s dominant free-to-air TV broadcaster, said it received an unsolicited offer for 29.9 percent of the company from TLG Movie & Entertainment Group and is gathering more information about the prospective buyer. The broadcaster’s shares rose to the highest close in almost 11 months with trading volume quadruple the 3-month full-day average. A 29.9 ...

  Bloomberg Britain’s decision to leave the Europe Union is raising risks for 66,000 workers in the nuclear power industry and threatening to disrupt the flow of atomic fuel across international borders. The government in deciding to quit the EU also plans to pull out of the continent’s 60-year-old nuclear safety and research organization, according to a February 2 policy ...

  AP Construction of the Dakota Access pipeline under a North Dakota reservoir has begun and the full pipeline should be operational within three months, the developer of the long-delayed project said Thursday, even as an American Indian tribe filed a legal challenge to block the work and protect its water supply. The Army granted Energy Transfer Partners formal permission ...

  Bloomberg Looking at UK homebuilding shares this week, you might think the Brexit vote never happened. More than seven months after the country voted to leave the European Union, the stocks closed above the level last seen before the decision. Investor concern that Britain would face economic disaster sent those shares plunging 14 percent in the two days following ...

  Bloomberg Ferdinand Piech vanished from the corporate scene for almost two years after abruptly departing Volkswagen AG, the carmaker his grandfather built. Now he’s looking to settle old scores. Piech, Volkswagen’s former chief executive officer, chairman and one of its biggest shareholders, has rekindled accusations that top managers knew about falsified emissions tests months before publicly admitting to it. ...

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

  ABU DHABI / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC) and Faisal Al-Fayez, Jordan’s Senate President (Majlis Al-Aayan), met for an official discussion at the FNC headquarters in Abu Dhabi. The session focussed on strong historical relations between the UAE and Jordan and their people, as well as strengthening the parliamentary, economic, cultural ...

  ABU DHABI / WAM According to official figures from the Abu Dhabi and Dubai Securities Exchange, the value of margin trading finance reached AED85.7 billion in 2016, an increase of 12.7 percent from AED76 billion in 2015. An analysis by Emirates News Agency, WAM, showed that the value of the margin trading finance, presented by brokerage companies to their ...

  Dubai / Emirates Business The Smart Dubai Office and ENOC signed an MOU to increase coordination between ENOC and Smart Dubai on the city’s smart transformation objectives. It will promote cooperation, effective communication and reciprocal facilitation between the parties in alignment with goal of Smart Dubai initiative, to promote seamless and efficient city experiences in all aspects of city ...