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Bloomberg India’s economy may be faltering, but its $2.1 trillion stock market has been powering to new highs as foreign investors pile into country’s shares, betting the worst may have already passed. Economic growth is at the lowest since before prime minister Narendra Modi came to power in 2014. The economy expanded 4.5% in July-September, slowing for a sixth straight ...

Bloomberg Soybean futures climbed for the fourth straight day as officials signalled optimism that the US and China will reach a trade deal. China was processing applications for tariff waivers on imports of US soy, a procedural step that could set the stage for a broader agreement. The Asian nation is the top consumer of each commodity, and US shipments ...

Bloomberg SoftBank Group Corp’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.” Chris Lane of Sanford C Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and ...

Bloomberg A US Supreme Court justice temporarily blocked subpoenas that would force Deutsche Bank AG and Capital One Financial Corp to turn over years of President Donald Trump’s financial documents to two House committees. Justice Ruth Bader Ginsburg put the subpoenas on hold until December 13. The justices are already scheduled to discuss at a private conference that day whether ...

Bloomberg Reddit said it was banning 61 accounts over suspected Russia-led meddling in the run-up to the UK’s December 12 election involving leaked trade documents.The social platform said the accounts violated its policies against vote manipulation and platform misuse. Reddit said its investigation occurred after Facebook discovered a Russian campaign on its network earlier this year dubbed “Secondary Infektion.” More ...

Dubai / WAM Unifeeder, a 100 percent owned subsidiary of DP World PLC, has announced the acquisition of a 77 percent stake in the Feedertech Group. The deal, which is expected to close in the first quarter of 2020, is the latest step in DP World’s vision to build end-to-end logistics capability to serve the needs of shipping lines and ...

TIRANA / WAM The UAE has embarked on relief operations in support of 555,000 quake-stricken Albanians, in implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and under the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) signed a cooperation agreement with Islamic Economics Institute (IEI) at King Abdul Aziz University in Saudi Arabia, expanding its network of strategic partners in the GCC region. The agreement opens doors for the exchange of knowledge and experience in Islamic economy between the two entities, in addition to coordinating their ...

Dubai / WAM AquaChemie Middle East – a leading regional chemical distributor with an extensive supply chain network and manufacturing base across the GCC region – is poised to build a state-of-the-art chemical terminal facility at Jebel Ali Port in Dubai. Estimated to cost AED150 million ($40 million), the one-of-its-kind facility will serve as a strategic gateway hub to enable ...

Bloomberg The US House of Representatives overwhelmingly approved legislation that would impose sanctions on Chinese officials over human rights abuses against Muslim minorities, prompting Beijing to threaten possible retaliation just as the world’s two largest economies seek to close a trade deal. The bill is an amended version of the Senate’s S. 178 to support the Uighurs, a Muslim ethnic ...