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Bloomberg Even after a plunge last month that wiped $46 billion off Chinese health-care stocks, domestic drugmakers may be far from their floor as a Beijing-led policy shift gathers pace. China’s plan to drive down generic drug prices through a centralised bulk procurement programme is set to redraw the industry by forcing its thousands of small generic drugmakers to streamline ...

Bloomberg Coal’s three-year run of blistering gains in Europe is set to end, clobbered by a combination of weakening demand and energy polices aimed at phasing out the dirtiest fossil fuel. After prices more than doubled since 2016 as Asian importers drove demand, coal is expected to fall more than 10 percent to $76.50 a tonne this year in Europe, ...

Bloomberg Canadians enter 2019 far less optimistic about the economy than a year earlier. The Bloomberg Nanos Canadian Confidence Index, based on weekly telephone polling, ended 2018 at 55.1, down from 62.2 at the close of 2017. The change was driven more by Canadians’ views of the overall outlook than of their own finances — 39.6 percent expect the domestic ...

Bloomberg Five Federal Reserve indexes of regional manufacturing all slumped in December 2018, the first time they’ve fallen in unison since May 2016 and the latest evidence that a pillar of the US economy has started to wobble heading into 2019. The Dallas Fed’s factory index unexpectedly contracted, falling to a two-year low of minus 5.1 from 17.6 in November, ...

Dubai / WAM DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said. It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said. The headline ...

Dubai / Emirates Business The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say legal experts. The introduction of a long-term visa system for investors, entrepreneurs, specialised talents, and researchers has been warmly received by business analysts, and STA Law Firm says the initiative can deliver even ...

Dubai / Emirates Business Dubai Land Department (DLD) recorded an unprecedented growth in the last ten days of 2018. HE Sultan Butti bin Mejren, Director General of DLD, stressed that Dubai’s real estate market recorded a high-transaction volume during the last ten days of 2018 with a value of over AED 19 billion through 2,081 transactions. Bin Mejren affirmed that ...

Sharjah / WAM Sharjah SME (RUWAD) in cooperation with the Sharjah Education Council, have launched the “Business Stars” initiative, which empowers school and university students and encourages them to take part in the business investment experience. The initiative was inaugurated by Dr. Saeed Musbah al Kaabi, Chairman of Sharjah Education Council, and Abdullah Musabah Al Tunaiji, Board Member of RUWAD. ...

Bloomberg Bangladeshi Prime Minister Sheikh Hasina’s party won almost 90 percent of the seats to give the premier an unprecedented fourth term in a vote marked by tight security, violence and a crackdown on the opposition. Hasina’s Awami League and its close allies won 267 of the 299 seats up for a vote, Election Commission Secretary Helal Uddin Ahmed told ...

Bloomberg Japanese prosecutors extended Carlos Ghosn’s stay in jail for 10 more days, another setback for the fallen auto executive who has sought bail to start mounting his defense in the case that has shocked the global car industry. A Tokyo court approved the extension of detention until January 11, The Foreign Press in Japan said in a statement on ...