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  Bloomberg China should open up its services sector to ease trade tensions with the US and bolster global trade, according to a senior official from the International Monetary Fund. The medical, health, legal and financial services sectors are among areas that could be liberalized, Changyong Rhee, the Asia-Pacific director at the IMF, said in an interview at a gathering ...

  Bloomberg US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program” and the steel will have to come from somewhere, Cormann said in an interview ...

  Bloomberg Britons’ confidence in the housing market stayed near a three-year low in March as sentiment toward the economic outlook soured, according to Halifax. An index of home-value expectations climbed to 44 from 42 in October, when Brexit pushed it down by a record to its lowest level since June 2013, the lender said. Fifty-eight percent of respondents predict ...

  Bloomberg After almost three years of booming health-care dealmaking in the US, 2017 is off to a slow start. Pharmaceutical and biotech acquisitions totaled $44 billion last quarter, down 13 percent from a year earlier, and 35 percent below the first quarter of 2015, according to data compiled by Bloomberg. And exchange-traded funds, a good indicator of investors’ appetite ...

  Bloomberg Central and eastern Europe has long been considered a relatively cheap manufacturing hub to make sophisticated products like cars and electronics goods at a fraction of what it would cost in the West. Accelerating salary growth may now be changing that perception. Average nominal wages rose 10.7 percent in Hungary in February from a year ago, the most ...

  Dubai / WAM Dubai Crown Prince and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inaugurated the permanent headquarters of “City Makers” on Thursday, a subsidiary of the General Secretariat of the Executive Council of Dubai, located at Alserkal Avenue in AlQuz area in Dubai. “City Makers” aims to design the journey of the ...

  MOSCOW / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at Kremlin on ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), together with over 90 representatives from private and public sector entities, will be taking part at this year’s Arabian Travel Market (ATM) being held in Dubai from 24-27 April, 2017 at the Dubai International Convention and Exhibitions Centre. As one of the exhibition’s official partners, Dubai ...

  Bloomberg US Secretary of State Rex Tillerson tore into a 2015 nuclear deal with Iran, saying it only delayed the country’s ambition to gain weapons of mass destruction and didn’t take into account its role in sponsoring terrorism and destabilizing other countries. “This deal represents the same failed approach of the past,” Tillerson said at a hastily arranged press ...

  Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...