News

  ABU DHABI / WAM Abu Dhabi Motors (ADM), BMW Group’s importer in the Capital, continued with their exceptional record and pursuit of excellence, dominating the BMW Middle East Customer Satisfaction Index for Service Performance awards, with 16 from the top 20 service advisors coming from ADM, a record performance achieved through the highest aftersales standards. The annual BMW Middle ...

  Dubai / WAM OSN, the leading pay-TV network in the Middle East and North Africa, has scored big wins in its fight against television piracy across the region, having conducted more than 316 raids with the support of government authorities. Marking the World Intellectual Property Day (World IP Day) on April 26, OSN is upping the ante in its fight ...

  Bloomberg Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from its major trading partner China. The French offer for the A$50 billion ($39 billion) contract to build 12 submarines trumped those by Japan’s Mitsubishi ...

  Bloomberg McDonald’s Corp. is marketing euro bonds, taking advantage of borrowing costs that have fallen to the lowest in a year because of the European Central Bank expanding its stimulus program. The fast-food chain is offering the securities maturing in January 2021, November 2023 and May 2028, according to a person familiar with the matter who asked not to ...

  Bloomberg EON SE is targeting underlying net income of as much as €1 billion this year after Germany’s biggest utility spins off its Uniper unit to focus on renewables, networks and customer services. The Essen-based company will be a “strong dividend performer,” and plans to pay shareholders up to 60 percent of net income a year, CEO Johannes Teyssen ...

  Bloomberg Turkey’s new central bank Governor Murat Cetinkaya emphasized in his first public appearance that curbing inflation remains the bank’s top priority, signaling continuity in monetary policy. The lira gained. At a press conference on Tuesday presenting the quarterly inflation report, Cetinkaya said the bank would do more to raise awareness about the importance to the overall economy of ...

  Bloomberg It’s the world’s most famous clock, an icon of London for a century and a half. It stood firm when the Luftwaffe bombed the Houses of Parliament. Now Big Ben is threatened by two deadlier enemies: water and modern paint. In early 2017, work will begin on a £29 million($42 million), three-year project to restore the Elizabeth Tower, ...

  Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...

  Bloomberg T-Mobile US Inc. reported profit that exceeded analysts’ estimates as the third-largest U.S. wireless carrier posted a seventh straight quarter of adding more than 1 million new monthly users with features like free video streaming and mobile data rollover. First-quarter earnings were 56 cents a share, the Bellevue, Washington-based company said in a statement Tuesday. Adjusted earnings before ...

  Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...