Uncategorized

Bloomberg Japanese investors are powering this year’s US corporate bond rally. Money managers in Asia are binging on blue chip American company debt after having cut back late last year. A measure of overseas buying in 2019 has more than doubled from a year earlier, according to Bank of America Corp. Japanese purchases of foreign debt, including US corporate bonds, ...

Bloomberg General Motors Co. committed to investing $1.8 billion at plants in six states and to creating 700 new jobs, as the largest US automaker looks to ward off months of criticism by President Donald Trump. The bulk of the new jobs will go to a factory in Michigan where GM plans to add production of another fully electric vehicle. ...

Bloomberg Even after losing a third of its market value over the past year, Mylan NV hasn’t been able to win back investors. “This is a name where sentiment is really, really bad,” Evercore ISI analyst Umer Raffat told clients, after visiting with investors. Raffat was quick to defend the stock in light of the feedback, reiterating his bullish stance. ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the Special Olympics World Games, Abu Dhabi 2019, at the Abu Dhabi ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday held talks with Prime Minister Abiy Ahmed of Ethiopia, on bilateral relations between the two countries. During the meeting held in Abu Dhabi, Sheikh Mohamed bin Zayed and Prime Minister Abiy reviewed ...

NEW YORK / WAM The UAE was ranked first in the Arab region in the World Happiness Report (WHR) for the fifth consecutive year. According to a statement issued by the United Nations Sustainable Development Solutions Network (SDSN), which produces the World Happiness Report, “In 2016, the United Arab Emirates committed to implementing a happiness and wellbeing policy agenda within ...

ABU DHABI / WAM At Etisalat’s Annual General Meeting (AGM) shareholders have backed the board’s recommendation to pay full-year 2018 dividends of 80 fils per share and approved the proposal of lifting restrictions on the voting rights of foreign shareholders. Etisalat Group consolidated revenues reached AED52.4 billion while consolidated net profit after Federal Royalty reached AED8.6 billion, an increase of ...

Dubai / WAM With less than six months to go until the start of the 24th World Energy Congress, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, outlined a Congress that will bring together the entire global energy ecosystem – government and industry leaders from Asia and Africa, investors, innovators, students and young professionals among many ...

Bloomberg Oil’s rally stuttered as uncertainty over the status of trade negotiations between the US and China stoked concerns over global economic growth. Futures for May fell as much as 1.2 percent in New York. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price ...

Bloomberg Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, ...