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Bloomberg A unit of HNA Group Co defaulted on a loan it took out less than seven months ago, the latest in a string of missed payments that threaten to complicate the embattled Chinese conglomerate’s restructuring. Lenders to CWT International Ltd, a Hong Kong-listed unit of HNA, said they would seize most of the company’s assets — including CWT’s stake ...

Bloomberg India’s forecast of plentiful rain during this year’s monsoon may come as a relief to its farmers as well as Prime Minister Narendra Modi, who’s seeking a second term in office in national elections currently underway. Annual rainfall during the June-September rainy season, which waters more than half of the country’s farmland and is crucial for economic growth, is ...

Bloomberg Some of the largest US technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors. The top 10 US tech companies spent more than $169 ...

Bloomberg Poland plans to overhaul its pension system in a way that ends uncertainty over the future of assets managed by privately-held pension funds and helps the government avoid widening the budget deficit. Polish stocks fell and government bonds rose. The government proposed transferring all of the 162 billion zloty ($43 billion) of assets in the privately-managed part of the ...

Bloomberg Investors scouting for the best way to trade the Brexit delay should just look across the UK border — at Ireland’s bonds. The securities are seen as offering the right mix of safety and returns as the deferral of Britain’s exit from the European Union dispels anxiety over the most contentious Brexit issue — that of the Irish border. ...

Dubai / Emirates Business Global Village, the world’s leading multicultural Festival Park and the region’s first family destination for culture, shopping, and entertainment, closed the gates on its biggest ever season on April 13. Season 23 welcomed a record-breaking number of more than seven million guests over 166 days of operation, a jump of more than 16 percent over the ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibition Centre (Adnec) is hosting several major local and international events throughout the month of April, including three key events this week. Set to welcome tens of thousands of visitors from the UAE and abroad under one roof, notable among these events are the EmiratesSkills National Competition, Cityscape Abu Dhabi 2019, Morocco ...

Dubai / WAM The UAE- Italy non-oil trade exchange amounted to $7.8 billion in 2017 and exceeded $5.7 bn during the first nine months of 2018, according to Sultan bin Saeed Al Mansouri, Minister of Economy. The minister said this while delivering the inaugural remarks of the Italy-UAE Business Forum which opened on Monday in Dubai in the presence of ...

Cairo / WAM Workplace relationship in the UAE is based on tolerance, dialogue, accepting the other, respect for diversity, combating discrimination and guarantee of rights, affirmed Nasser bin Thani Al Hamli, UAE Minister of Human Resources and Emiratisation, at the 46th Arab Conference in Egyptian capital, Cairo, on Monday. “In the Year of Tolerance 2019, the UAE is embedding the ...

Bloomberg Foxconn Technology Group Chairman Terry Gou said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple Inc’s handsets that has long concentrated production in China. Gou said that Prime Minister Narendra Modi has invited him to India as his Taiwanese company plans its expansion in the country. Apple has ...