Bloomberg After posting the best quarter in four years, Indian bonds are pitted against a familiar foe: likely record debt sales by the government to finance populist measures before national elections due by May. Prime Minister Narendra Modi’s administration may announce plans to borrow 6.4 trillion rupees ($90 billion) for the next fiscal year in its budget, according to the ...
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Trump’s spat with Seoul raises fears of US pullback
Bloomberg Just as President Donald Trump looks to make peace with North Korea’s Kim Jong Un, his administration is putting fresh strain on the US’s seven-decade alliance with South Korea. At issue is the Trump administration’s insistence that South Korea accepts as much as a 50 percent increase in what it pays for US military protection, including subsidizing the nuclear-capable ...
Read More »EU tax bill faces no-deal Brexit conundrum
Bloomberg A no-deal Brexit could create yet another headache for the European Union as it prepares to hand dozens of UK-based companies a tax bill that is expected to top $1.5 billion. With just over two months left until Britain’s scheduled departure date of March 29, time is running out for the European Commission to order the UK to recoup ...
Read More »Uber open to outside investors for self-driving unit, says CEO
Bloomberg Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said it was “possible†the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers. The company’s pouring large, undisclosed sums of money into its Advanced Technologies Group, which includes the company’s self-driving car research as well as plans to build VTOL (vertical ...
Read More »Strong demand, tight job market prompt US firms to raise prices
Bloomberg Strong US demand and a tight job market have given companies a chance to raise prices coming into this year, and they’re testing the waters gingerly. From consumer goods and airlines to railroads, businesses made attempts to recover higher costs including rising pay for workers, or simply lifted prices to try to boost profit margins amid healthy sales, according ...
Read More »DLD inks deals to create sustainable real estate investment environment
Dubai / WAM The Dubai Land Department (DLD), signed three Memorandums of Understanding (MoUs), during its participation as a strategic partner of the Egypt Mega Property Show, held in Cairo with the aim of promoting urban development between the two countries to encourage investment and real estate promotion as well as enhancing confidence by providing a distinctive and balanced investment ...
Read More »Mohammed visits ‘MSC Splendida’ at Port Rashid
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday visited the Italian cruise ship MSC Splendida at Port Rashid in Dubai. Upon his arrival, the captain of the MSC Splendida welcomed His Highness Sheikh Mohammed and briefed him on the various facilities the gigantic cruise ...
Read More »ADFCA concludes Sheikh Zayed Heritage Festival participation
ABU DHABI / WAM The Abu Dhabi Food Control Authority (ADFCA), on Saturday, concluded its participation in the Sheikh Zayed Heritage Festival 2018. Launched in November, the festival was held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...
Read More »Canada confirms participation in Expo 2020, eyes new markets
Dubai / WAM Canada confirmed its participation in Expo 2020 Dubai on Saturday, with the aim to explore trade opportunities and access new markets during the next World Expo platform. The G7 nation’s participation was sealed during two separate high-level meetings between Jim Carr, Canada’s Minister of International Trade Diversification, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and ...
Read More »Trump bows to Democrats, ends shutdown sans wall
Bloomberg President Donald Trump agreed to re-open the federal government for about three weeks without any guarantee Congress would provide money for his proposed border wall, his top campaign promise, capitulating to House Speaker Nancy Pelosi. Trump agreed to a deal hastily negotiated by lawmakers after the 35-day shutdown, the longest in modern US history, began to seriously impact air ...
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