News

  Bloomberg Japan’s economy grew more than forecast in the three months through September, as a rebound in exports compensated for continued weak spending at home by people and companies. Gross domestic product expanded by an annualized 2.2 percent, according to data released by the Cabinet Office on Monday (median estimate of economists +0.8 percent). Private consumption rose 0.1 percent ...

  Bloomberg UK businesses have delayed or canceled investments worth 65.5 billion pounds ($82 billion) since the vote to leave the European Union, with more than 40 percent of large companies scaling back, according to a new survey. Executives have been reluctant to follow through on spending plans because of a plunge in the pound and a lack of clarity ...

  Bloomberg The European Union promised to cooperate with US President-elect Donald Trump while vowing to stand by international agreements he has questioned including United Nations deals to curb climate change and ease sanctions on Iran. After a dinner in Brussels to discuss future EU-US relations in the wake of Trump’s victory in the Nov. 8 American election, European foreign ...

  Bloomberg Donald Trump may be good for the London housing market. That’s according to property website operator Rightmove, which says Trump’s shock election victory could spur the return of international investors seeking a safe haven. While asking prices in the capital fell for a fifth month, the 0.3 percent drop was much smaller than the 1.5 percent average seen ...

  Bloomberg Novartis AG is in talks to acquire US generic-drugs maker Amneal Pharmaceuticals LLC as the Swiss health-care company seeks to bolster its Sandoz business amid consolidation in the industry, according to people familiar with the matter. Novartis and Amneal may reach an agreement soon, the people said, asking not to be identified because the deliberations are private. No ...

  Bloomberg Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its industrial software capability. Siemens will pay $37.25 a share in cash for Wilsonville, Oregon-based Mentor, the industrial giant said in a statement on Monday. That’s 21 percent above the closing price on Friday. Elliott ...

  ABU DHABI / WAM Aldar Properties has awarded the early works contract for the first phase of ‘Mayan’, a residential development located on Yas Island, to Dutch Foundation and Concrete Rehabilitation Company, WLL. The AED30 million contract provides for shoring, piling and earthworks for Mayan’s 512 apartments which are spread across five buildings. The Abu Dhabi-based full-service engineering foundation ...

  ABU DHABI / WAM Ibrahim Al-Mahmoud, First Deputy Chairman of the Abu Dhabi Chamber of Commerce and Industry, met with a Paraguayan ministerial delegation and discussed ways to enhance cooperation between companies and businessmen from both sides. The delegation included Gustavo Leite, Minister of Industry and Commerce, and Santiago Pena, Minister of Finance. During the meeting, the parties also ...

  DUBAI / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the United Arab Emirates, His Highness Sheikh Mohammed bin Rashid al Maktoum, issued Law No. 15 of 2016 on the regulations issued by the authorities of free zones and special development zones in Dubai. The new Law is applicable to all free zones ...

  ABU DHABI / WAM Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8bn. The number of e-Dirham transactions rose by 20% year on year, to reach 15 million transactions during the first nine months of 2016 as compared to around 12.5 million transactions during the same period in 2015, according ...