News

Bloomberg Britain’s departure from the European Union may free up officials in Brussels to tighten air- pollution regulations everywhere in the region — including in the U.K. because of a twist in the free-trade laws likely to remain in force. The U.K. has worked to limit EU curbs on vehicle exhaust fumes in the form of nitrogen dioxide, saying it’s ...

Stockholm / Bloomberg Sweden’s economy expanded faster than estimated in the fourth quarter after the central bank unleashed record stimulus to defend the credibility of its inflation target. The economy surged 1.3 percent from the third quarter, Statistics Sweden said in a statement. Growth was seen at 0.7 percent in a Bloomberg survey of analysts. It expanded an annual 4.5 ...

WARSAW / Bloomberg Poland’s largest mobile phone operator agreed to buy another company controlled by billionaire Zygmunt Solorz-Zak to gain access to high-speed mobile Internet network services and fend off competition from the units of Orange SA and Deutsche Telekom AG. Cyfrowy Polsat SA, Poland’s largest private television broadcaster and owner of mobile company Polkomtel Sp. z o.o. , will ...

NEW YORK / Bloomberg U.S. stock-index futures fell, after the Standard & Poor’s 500 Index trimmed its second weekly rally, amid concern policy makers around the world aren’t doing enough to bolster the global economy. Bank of America Corp. and Goldman Sachs Group Inc. fell at least 1.1 percent in premarket trading, signaling lenders will snap a two-day advance. Valeant ...

Rio De Janeiro /Bloomberg Brazil’s real advanced as China’s efforts to boost its economy offset increasing tension between President Dilma Rousseff and her party as a corruption investigation gets closer to her administration. The currency gained 0.2 percent to 3.9907 per U.S. dollar in Sao Paulo. It was headed to its first monthly advance since November. One-week implied volatility for ...

NEW YORK / Bloomberg Hedge funds are the most bullish on Treasury benchmark 10-year notes in two years, as U.S. government securities head for a second straight monthly gain. Large speculators including hedge funds boosted their positions in Treasury 10-year futures to a net 84,659 contracts as of Feb. 23, according to the latest data from the Commodity Futures Trading ...

Bloomberg Brazil analysts reduced their 2016 inflation forecast by the most in nearly eight months as the economy sinks into a deeper recession. Economists lowered their 2016 inflation forecast 5 basis points to 7.57 percent, the first cut in nine weeks, according to the weekly Focus survey conducted on Feb. 26. They also forecast the monetary authority will lower its ...

BLOOMBERG Latin America’s policy makers are finding out they can’t fight the market. Colombia saw its peso rise last Monday after announcing a mix of currency, fiscal, and monetary measures, only for it to succumb to an emerging-market selloff later in the week. Argentina’s dollar sales failed to stop the peso falling every other day last week, and investors say ...

ALKESH SHARMA / Emirates Business Sustainable efforts of Ajman Emirate to sensitise merchants and end-consumers on their accountabilities and privileges have yielded positive outcomes. The field visits, exhibitions and educational events, have reflected fruitfully in the latest statistics issued by the Commercial Control and Consumer Protection Division (CCCPD) of the Ajman’s Department of Economic Development (DED). Thanks to its initiatives, ...

Abu Dhabi / Emirates Business Tadweer (Center of Waste Management – Abu Dhabi) has launched “Your health is important to us” initiative for its employees, with the personal participation of the Center’s General Manager, HE Eisa Saif Al Qubaisi. A number of staff from Tadweer’s headquarters in Abu Dhabi and Al Ain Branch walked for 15 minutes within the Delma ...