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Bloomberg Noble Group Ltd. is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an “incredibly difficult environment.” The company’s market value has shriveled by more than $1 billion this year as the Hong Kong-based firm reported a first quarter loss, S&P Global Ratings flagged a risk of default and Fitch Ratings Ltd. cut ...

Bloomberg Japan’s jobless rate remained at the lowest in more than two decades last month, and retail sales rose from March, climbing for a fourth month. Highlights of Data Retail sales rose 1.4 percent from March, and were up 3.2 percent compared to April last year. The unemployment rate for April was 2.8 percent, the same as the forecast. Household ...

Bloomberg The southwest monsoon that waters about half of India’s farmland arrived in the country slightly ahead of its normal schedule, giving a boost to farmers planting rice to soybeans crops in coming weeks. Monsoon rain has reached the southern state of Kerala, K. J. Ramesh, chief of India Meteorological Department, said by phone. The June-September rainy period typically starts ...

Bloomberg Four months into Donald Trump’s presidency, the sky has not fallen in on the system of global governance the US did so much to construct since World War II. It is, however, in deep trouble. Trump has not followed through on pre-election threats to declare the North Atlantic Treaty Organization obsolete, abandon the North American Free Trade Agreement, accept ...

Bloomberg Akzo Nobel NV’s court victory against activist shareholder Elliott Management Corp. has strengthened the Dutch paintmaker’s hand in resisting a takeover approach from suitor PPG Industries Inc. and put pressure on the US rival to take its offer directly to investors. The Commercial Court of the Netherlands ruled late on Monday that Akzo Nobel is under no obligation to ...

Bloomberg Denmark’s center-right government raised its forecast for economic growth this year and predicted it will borrow less via bond markets as the public deficit shrinks. The minority coalition of Prime Minister Lars Lokke Rasmussen expects gross domestic product to expand 1.7 percent this year, faster than the 1.5 percent it forecast just last month, according to Economy Ministry documents ...

Bloomberg Sweden’s economy slowed at the start of the year as exports struggled to maintain momentum, dulling a housing-fueled investment and consumption boom in the largest Nordic economy. Gross domestic product grew 0.4 percent in the first quarter and expanded an annual 2.2 percent, Statistics Sweden said on Tuesday. Analysts surveyed by Bloomberg estimated growth of 0.9 percent and 2.9 ...

Dubai / WAM The 5th Nad Al Sheba Sports Tournament was launched by HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, at the NAS Sports Complex, with the first two preliminary round matches of the volleyball competition held late in the day. “Unlimited Capabilities” is the theme of the 2017 ...

Abu Dhabi / Emirates Business The Department of Finance – Abu Dhabi (DoF) has announced that the ‘Al Maqta’a bidding hall’ processed 26 tenders for seven government entities in Abu Dhabi during the first quarter of 2017, worth over AED 5 billion. The capital and operational project tenders managed by Al Maqta’a during the first quarter of 2017, included service, ...

Sharjah / WAM Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day at the Al Jawaher Reception ...