Uncategorized

Bloomberg China aims to buy at least $20 billion of agricultural products in a year if it signs a partial trade deal with the US, and would consider boosting purchases further in future rounds of talks, people familiar with the matter said. The $20 billion would take its imports of US farm goods back to around the level in 2017, ...

Bloomberg General Motors (GM) employees voted in favor of a new four-year labor agreement reached with the United Auto Workers (UAW), ending a nearly six-week-long strike that has cost the company about $2 billion and rippled through the US economy. The union said the deal was approved by 57.1% of its members, enough to ratify the contract and stop the ...

Bloomberg Apple Inc, which saw its shares touch a record high, just earned a new Street-high price target. Morgan Stanley raised its target to $289 a share from $247 a share, the highest among analysts and implying 20% upside from earlier closing price. The bank cited Apple’s upcoming TV+ release next month, contrasting with other brokers who have been less ...

Bloomberg France suffered an embarrassing defeat at the European Union’s top court over EU warnings that big cities from Paris to Nice exceeded pollution limits caused mainly by diesel-car engines. In the first ruling following a recent crackdown on dirty air in nations including Germany, Italy and the UK, judges at the EU Court of Justice said France “systematically and ...

Bloomberg More than a million people poured into Santiago’s public squares and thoroughfares in one of the biggest street protests ever seen in the Chilean capital. Downtown areas such as the iconic Plaza Italia came alive with people, mainly student-age and twenty-somethings but also older people and families, waving flags and banners seeking better pay, pensions, healthcare and education. Many ...

TOKYO / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, on Wednesday received at his residence in Tokyo, several Emirati students studying in Japanese universities. HH Sheikh Hazza conveyed to the students the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the Vice President and Prime Minister of ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that the emirate is making rapid strides to strengthen its green economy and enhance sustainable development as per international best practices in clean and renewable energy adoption. His Highness said that Dubai has achieved considerable success in ...

ABU DUBAI / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), to promote and sustain an effective financial ecosystem and provide an advantageous business environment that nurtures collaboration and international competitiveness of UAE businesses. Signed during FinTech Abu Dhabi, this agreement will enable the two institutions to support the development of numerous ...

Fujairah / WAM The National Bank of Fujairah (NBF), announced a net profit of AED511.6 million for the period ended September 30, an increase of 10.7 percent over the corresponding period of 2018. According to a press release issued by NBF on Wednesday, the Bank also achieved strong operating profit of AED862.3 million which increased by 7.2 percent compared to ...

Bloomberg The top US envoy to Ukraine testified that a senior diplomat told him in early September that President Donald Trump made US security aid to Ukraine entirely dependent on a public promise to investigate former Vice President Joe Biden and the 2016 election. Acting Ambassador to Ukraine William Taylor also quoted senior diplomat Gordon Sondland as saying Trump wanted ...