Bloomberg Du Zhenye outperformed his peers in China last year by selling nearly all his stock holdings and piling into bonds. He’s predicting 2019 will be similar for the market. “Bonds will be a sure bet,†said Du, who plans to buy short-dated debt issued by local government financing vehicles, as well as long-dated government and policy bank notes. Falling ...
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Bloomberg Aston Martin and Bentley Motors saw this crash coming — but it’s still going to sting. Speaking onstage at a conference in Detroit before and after the British Parliament rejected Prime Minister Theresa May’s Brexit deal, the chief executive officers of two companies synonymous with UK carmaking had been bracing for disaster. Both have been making arrangements to do ...
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Bloomberg The much-anticipated alliance announcement by Volkswagen AG and Ford Motor Co left investors feeling let down as it lacked a big-bucks plan to join forces on electric vehicles and self-driving cars. Wall Street was hoping for a blockbuster deal, such as the billions of dollars General Motors Co. landed for its self-driving unit from Honda and SoftBank Vision Fund ...
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Bloomberg The German economy will have to lean on homegrown support to put the brakes on a slowdown after its worst performance in five years. Record-low unemployment, stronger wage gains and fiscal stimulus will underpin domestic demand after Europe’s growth engine stuttered in the second half of 2018, even though it avoided a recession. With export prospects deteriorating, those buffers ...
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Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...
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Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai honoured winners of the ‘Mohammed bin Rashid Government Excellence Award’ during a special ceremony that took place in Abu Dhabi on Wednesday. “We have 10 years of achievements. We want the UAE government to be the best ...
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ABU DHABI / WAM The upcoming International Defence Conference (IDC 2019), is expected to draw the participation of over 1,200 global defence specialists in the nation’s capital, Abu Dhabi. The conference will take place from February 14-16, at the Emirates Palace. For the first time, the IDC will be combined with the Abu Dhabi International Offset Conference (ADIOC), with the ...
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Dubai / WAM Dubai Frame has attracted the attention of a large number of visitors to Dubai, as it received a million visitors from around the world during its first year of opening. “The Dubai Frame comes from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to establish Dubai ...
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Bloomberg Secretary of State Michael Pompeo arrived in the Middle East a week ago on a mission to prove the Trump administration can be a reliable partner in tackling the region’s thorniest problems. He returns having failed to stifle doubts that have dogged the US for years. With stops in eight countries in eight days, Pompeo sought to hammer home ...
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Bloomberg Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss US accusations the telecoms giant helps Beijing spy on Western governments. Ren denied suggestions that Huawei aids the Chinese government in espionage, saying it has no regular contact with Beijing as his technology empire faces its biggest crisis in its three decades of existence. ...
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