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Uber rival taps investors promising profits

  Bloomberg To convince investors to finance a pan-European war against Uber Technologies Inc., a French ride-hailing app 50 times smaller has a one-word pitch: profit. Chauffeur-Prive is near closing a 50-million-euro ($53 million) fundraising round to expand out of Paris into the rest of Europe, with the promise it can extend a five-year streak of growth while turning a ...

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S’pore property comeback boosting large developers

  Bloomberg Yes, you heard it right — Singapore’s home prices are set to make a comeback after a three-year losing streak. And analysts think property developer stocks are the best way to play that rebound. Amid a restructuring push to boost a slowing economy, the government could signal its intention to reconsider property cooling measures as early as the ...

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Line quarterly profit, sales miss estimates as growth slows

  Bloomberg Line Corp.’s fourth-quarter profit and sales fell short of analysts’ estimates, as advertising revenue growth failed to make up for declines in mobile game and digital stamp offerings. Operating profit was 1.6 billion yen ($14 million) in the three months ended Dec. 31, according to calculations based on full-year numbers released by Line on Wednesday. That’s less than ...

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UAE, India sign ‘historic’ agreements

  New Delhi / WAM The United Arab Emirates and India signed on Wednesday in New Delhi the ‘Comprehensive Strategic Partnership Agreement’ and a number of memorandums of understanding (MoUs) during a state visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India. The UAE ...

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Mohamed greets Indian vice president on Republic Day

  New Delhi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at his residence in the Indian capital New Delhi Mohammad Hamid Ansari, the Vice President of India. The two sides discussed bilateral ties between the United Arab Emirates and India, stressing on the ...

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Trump to unveil Mexico border wall plans in security push

  Bloomberg President Donald Trump plans to unveil actions on national security starting on Wednesday that are expected to include steps towards building a wall on the Mexican border and limiting refugee inflows to the US, moving to fulfill key promises he made during his election campaign. “Big day planned on national security. Among many other things, we will build ...

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China brands taking over Indian smartphone sector

  Bloomberg Chinese smartphone brands led by Vivo have muscled out local rivals in India with increasingly stylish yet affordable devices, challenging Samsung Electronics Co. for supremacy in the world’s fastest-growing major phone market. Chinese labels occupied four of the top five spots in 2016’s final quarter, shoving aside Micromax and Intex, according to a Counterpoint Research report released. Samsung ...

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Year of the Rooster waking up China’s palm oil demand

  Bloomberg As China welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about. While high prices may keep Chinese buyers on the sidelines in the first part of the new year, an expected surge in supply later in 2017 in ...

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Vietnam factories optimistic despite Trump snub

  Bloomberg Vietnamese clothing maker NhaBe Garment Corp. had a lot riding on the Trans-Pacific Partnership. The supplier to brands such as Calvin Klein, Michael Kors and Kenneth Cole has seen its exports more than doubled since 2011 to $729 million last year — and it increased its factories two-fold to 35, betting on a big drop in tariffs from ...

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