Bloomberg Corn futures jumped after the latest U.S. government forecast for domestic inventories was less than expected, indicating that lower production in Brazil is boosting demand on the international grain market for American exports. U.S. stockpiles will be 2.081 billion bushels as of Aug. 31, 2017, the end of the marketing year, U.S. Department of Agriculture data showed Tuesday. ...
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Bloomberg Hyperloop Technologies Inc., a startup trying to develop Elon Musk’s idea to use levitation for high-speed transportation, was sued by a co-founder over claims that the company’s financiers are killing it through their own greed. Shervin Pishevar, the Silicon Valley venture capitalist who helped form Hyperloop in 2014, was accused in the lawsuit by fellow co-founder Brogan BamBrogan ...
Read More »Bloomberg Lightstream Resources Ltd., a Canadian energy company struggling to repay creditors, is proposing a debt-for-equity swap that would see its top-ranked bondholders take majority ownership. The oil producer, facing a July 15 deadline to make an interest payment, has an agreement regarding the proposal with a committee representing 91.5 percent of the second-lien secured notes, the company said ...
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Bloomberg The best forecaster for the Peruvian sol is raising his estimate for the currency as expectations fade that the U.S. Federal Reserve will raise interest rates this year. Lee Hardman, a currency analyst at Bank of Tokyo – Mitsubishi UFG, the best forecaster of the sol in the second quarter, expects it to weaken to 3.4 per dollar ...
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Bloomberg Barrick Gold Corp., the biggest gold miner, is looking into ways to restart its stalled Pascua-Lama project on the Chile-Argentina border, including a staged development. Possible changes to the decade-old mine plan include a smaller open pit, an underground mine on either side of the border or starting with one line in the mill to generate cash for ...
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DUBAI / Emirates Business Al Habtoor Group Vice Chairman and CEO Mohammed Al Habtoor inaugurated Dubai’s largest and newest catering facility – Metropolitan Catering on Tuesday in the presence of local media and VIP clients. The state of the art facility, located in the Jebel Ali Free Zone, offers private, corporate and commercial catering of uncompromising quality and unbeatable ...
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Qatar / Emirates Business QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2016. For the first half of 2016, Net Profit reached QAR6.2 billion, (USD 1.7 billion) up by 12% compared to last year. Total assets increased by 36% from June 2015 to reach ...
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Dubai / WAM Emirates Airline was on Tuesday named the World’s Best Airline 2016 at the prestigious Skytrax World Airline Awards 2016, in addition to scooping up the awards for World’s Best Inflight Entertainment for a record 12th consecutive year, and Best Airline in the Middle East. Based on the results of the largest airline passenger satisfaction survey in ...
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Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s largest property developers and real estate service providers, on Tuesday signed an agreement with Dubai Cares to build a primary school in rural Senegal to provide access to educational facilities for the community. Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, is a philanthropic organisation launched ...
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Dubai / WAM DEWA’s smart app DEWA’s smart app provides its customers with a unified and seamless experience when using it. The app is both efficient and easy-to-use, and combines many features, which enriches the user experience. DEWA’s revamped website DEWA has revamped its website, to provide comprehensive services that meet the requirements of everyday life: services that are ...
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