News

  Bloomberg A week after the benchmark 10-year note yield hit an all-time low, it bounced back at the most rapid pace in more than a year. Helping to upend the record rally: increasing evidence that the U.S. economy is getting back on track. From a boost in retail sales to higher consumer prices, data this week lifted yields while ...

  Bloomberg Canada will have a national price on carbon emissions by the end of this year, Environment Minister Catherine McKenna says. The federal government will publish an emissions reduction plan this fall that could include expanded, standardized emissions disclosure requirements for companies, McKenna said in an interview with Danielle Bochove on Bloomberg TV Canada. McKenna spoke after appearing with ...

  Bloomberg Hawaii regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii Public Utilities Commission voted 2-0 against the proposed transaction, saying it failed to show that it was in the public’s interest, according to a statement late ...

  Bloomberg Brazil’s currency gained for the sixth week in seven, in spite of central bank efforts to limit gains, amid investor optimism that the interim government will win lawmakers’ support for measures to cut the budget deficit and stimulategrowth. The real was up 0.6 percent this week to 3.2802 per dollar on Friday on speculation the appointment of Rodrigo ...

  ALKESH SHARMA / Emirates Business An all-new generation of tech-savvy individuals, who believe in making the most out of technology marvels, is apparently giving a boost to the wearables market in the UAE. Driven by an increased adoption of smart watches, techie wristbands and competitive prices, the country’s wearables industry is certainly enjoying one of the most money-spinning phases ...

  RITIKA SHARMA / Emirates Business Boasting of exemplary corporate structure and productivity, companies in the UAE are now pulling up their socks to stay at pace with the international standards in employment, by focusing on elements like company culture and digital presence. According to a recent survey, transparent company culture and effective online presence have become a top priority ...

  DUBAI / Emirates Business The Rental Disputes Center (RDC) — the judicial arm of the Dubai Land Department (DLD) — has signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework ...

  Emirates Business Japanese heavy trucks manufacturer, UD Trucks has unveiled a range of trucks specifically built with Middle East customers in mind, with significant launch events taking place in Saudi Arabia, Qatar and Oman. The all-new Quester is a modern and robust heavy-duty truck platform designed to serve a wide range of applications including construction, distribution and long-haul transportation. ...

  Manama / TNS Bahrain is aiming to earn BD1 billion per year from tourism by 2020, it was revealed. The estimated revenue for last year was BD600 million, which means almost doubling the income in the next four years. Economic Development Board (EDB) tourism and leisure investment executive director Jerad Bachar said it would be difficult, but achievable. He was ...

  Riyadh / Reuters Contracting giant Saudi Binladin Group (SBG) has repaid a 1 billion riyal ($266.7 million) Islamic bond that matured in late June, a sign of modestly easing pressure on the embattled firm, banking sources said. The payment came after a delay of several weeks and used money from a 2.5 billion riyal loan the company secured from ...