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Bloomberg Australian pension fund First State Super is on a hiring spree as it seeks to more than double in size to A$200 billion ($136 billion) within next four years. The Sydney-based firm’s investment team will grow to more than 100 people from 80 by 2022 as it builds out in-house expertise across equities, fixed income, infrastructure and direct lending, ...

Bloomberg Indonesian President Joko Widodo proposed record government spending next year to drive the economy to its quickest projected growth in seven years, counting on stimulus and investment to overcome risks from a global slowdown and escalating trade war. Southeast Asia’s largest economy is forecast to grow 5.3% next year, the fastest pace since 2013, the president said in his ...

Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...

Bloomberg The UK will grapple with a shortage of fuel, food and medicine as well as job losses and a disruption at its ports of as long as three months with a no-deal Brexit, the Sunday Times reported, citing leaked government documents. The dossier called “Operation Yellowhammer,” prepared by the cabinet office, also warned that the supply of fresh food ...

Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

Bloomberg An IS affiliate said it was responsible for a suicide bombing attack at a wedding hall in Afghanistan’s capital that killed 63. More than 180 others were injured in the attack, which took place at 10:40 pm in the western part of Kabul, Nasrat Rahimi, a spokesman at the Interior Ministry, said by phone on Sunday. There were about ...

DUBAI / WAM Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three percent in tourism volume growth compared to the same period last year, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. The new figure reinforces the continued strength of Dubai’s tourism ...

DUBAI / WAM In 430 days, the world will witness a key international event, the Expo 2020 Dubai, which will be a cultural platform for gathering countries for 173 days in one place, to showcase their cultures, heritage and histories to 25 million potential visitors. Participating countries are looking forward to the event, where intellectuals will meet to shape the ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has launched a new electronic system for registering excise goods as part of its plans to continuously develop the tax system as a whole, and excise tax procedures, in particular. In a press statement issued on Saturday, the authority explained that the new system offers accurate and transparent procedures for registering ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), has issued its 6th annual Sustainability Report, summarising Dewa’s efforts to promote social and economic sustainability as well as provide a sustainable model for energy and water. The report focusses on ways to support economic growth without damaging the environment, and highlights Dewa’s achievements in sustainability, according to a Dewa press ...