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Bloomberg The fate of Windstream Holdings Inc. was cast into doubt after a court ruled that the rural phone company defaulted on its bonds in 2015 by spinning off Uniti Group Inc. Windstream shares fell as much as 43 percent in extended trading. The ruling in Manhattan federal court is a victory for New York hedge fund Aurelius Capital Management ...

Bloomberg Sebastian Kurz is getting tough on how the country’s family silver is managed. The Austrian Chancellor’s government put a new team in charge of the more than 22 billion euros worth of company stakes held by the state, giving marching orders that for the first time in decades include a license to buy. The more active role that Kurz ...

Bloomberg A nonprofit sued to block President Donald Trump from diverting funds from the federal budget to spend about $8 billion on his promised border wall, hours after he declared a national emergency. Public Citizen, a consumer rights think tank, filed the complaint on behalf of a nature preserve and three landowners in southern Texas who’ve been told the government ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum attended the launch of the new brand for Dubai International (DXB) that signifies Dubai Airports’ transition from airport operator to a consumer-led company committed to making the world’s busiest international airport, the world’s best. On this occasion, ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with ZonesCorp to establish railway and logistics facilities within the Industrial City of Abu Dhabi (ICAD). Etihad Rail’s logistic facility will complement the Higher Corporation’s Abu Dhabi Logistics City Development Project, covering an area of approximately 6 million ...

DUBAI / WAM The number of branches of foreign companies operating in Dubai has increased to 1,985 while the number of branches of GCC companies is 833, according to a report by the Business Registration and Licensing (BRL), sector in the emirate’s Department of Economic Development (DED). “These figures reflect the attractiveness of the emirate globally as well as regionally, ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), signed a Memorandum of Understanding (MoU), with the Central Bank of the UAE which will enable the fund to employ the direct debit system of the Central Bank and receive payment from its’ entrepreneurs directly from their accounts in any bank which operates within the UAE. The agreement was signed by ...

Bloomberg The Indian government’s $8.7 billion purchase of French warplanes was cheaper than a bid negotiated under the previous government, the country’s auditor said, potentially weakening an opposition campaign alleging corruption ahead of federal polls. Prime Minister Narendra Modi bought 36 Rafale fighters in 2015 from Dassault Aviation SA at 2.86 percent lower than the price negotiated by the former ...

Bloomberg The yuan is entering a critical period after posting its second-best monthly advance ever, with analysts sounding caution as a new round of China-US trade talks gets underway. The Chinese currency could head to 7 per dollar if there’s a breakdown in the negotiations, while an agreement on no additional tariffs will send it on a sustained rally, Citigroup ...

Bloomberg US nuclear energy developers met with President Donald Trump and asked for help winning contracts to build power plants in the Middle East and elsewhere overseas. “There is competition around the globe, and we want to be part of it,” said Chris Crane, the chief executive officer of Exelon Corp., the largest US operator of nuclear plants, following the ...