Uncategorized

Bloomberg Nintendo Co.’s Switch is showing signs of becoming a money earner. The Kyoto-based company reported profit and sales that topped estimates as more people bought the new gaming machine, lifting prospects for brisk shipments during the holiday season. Operating profit for April-June, the Switch’s first full quarter on store shelves, was 16.2 billion yen ($145 million), exceeding analysts’ average ...

Bloomberg India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of Anti-Dumping and Allied Duties. ...

DUBAI / WAM Abdullah Al Saleh, the Ministry of Economy’s Under-Secretary for Foreign Trade and Industry, discussed various means of developing economic and trade co-oper- ation with Japan during a meeting with Yasushi Akahoshi, President of the Japan External Trade Organisation (JETRO) in Dubai. The two sides expressed satisfaction with their advanced level of economic and trade relations and their ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation has successfully completed cold hydrostatic testing, CHT, at Unit 2 at the Barakah Nuclear Energy Plant located in Al Dhafra Region of Abu Dhabi. The completion of this milestone, which concluded approximately 12 months after the same tests were successfully completed on Unit 1, demonstrates a commitment to achieving the highest ...

Dubai / Emirates Business Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry. The Business Leaders’ Outlook Survey revealed that 39% of respondents expect to see business conditions improve in Q3-2017. Around 43% ...

ABU DHABI / WAM The General Secretariat of the Abu Dhabi Executive Council and the Netherlands Embassy in the UAE discussed several issues of mutual concern, ways of promoting bilateral relations and cooperation in various sectors to enhance economic ties and serve their mutual interests. The discussion took place during the meeting of Dr Fahad Matar bin Mesaied Al Niyadi, ...

Bloomberg The US House is poised to vote on a bill to strengthen sanctions against Russia and prevent President Donald Trump from unilaterally lifting penalties, after the measure was delayed by procedural concerns and objections from energy companies. The measure, which was altered to ensure that oil companies can work on certain joint projects overseas, would also impose new sanctions ...

Bloomberg Qatar is falling short in its efforts to counter terrorism, the Saudi-led alliance said, an apparent setback to US mediation efforts after Secretary of State Rex Tillerson urged the bloc to ease its seven-week boycott of the Gulf nation. The group also added nine organizations based in Yemen and Libya as well as nine people from Qatar, Kuwait, Yemen ...

Bloomberg Initially investors celebrated a robust quarter from Alphabet Inc., driven by strong sales growth. Then they spotted a red flag: rising costs that could crimp margins going forward. The Google division generated most of the quarter’s revenue but paid out 22 percent of its $22.67 billion in sales in so-called traffic acquisition costs or TAC — payments to partners ...

Bloomberg President Donald Trump said the US and the UK are working on a potentially “big and exciting” trade deal and the relationship between the two countries is going to be “even better” after Brexit. Trump’s comments, made in tweets late on Monday and on Tuesday, came as UK Trade Secretary Liam Fox was in Washington to pave the way ...