Bloomberg There are signs Britain is getting tougher on financiers just as it needs to attract them. Tax officials are pursuing probes into the residency status of HSBC Holdings Plc Chief Executive Officer Stuart Gulliver and Chi-X Global Inc. Chairman-Emeritus Anthony Mackay, as the government clamps down on people — oftentimes bankers — who work in the UK but ...
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Monsanto earnings beat estimates as US seed sales climb
Bloomberg Monsanto Co., the world’s largest seed company, reported record fiscal second-quarter earnings amid signs that US farmers are preparing to sow record acreage with soybeans this year. Profit excluding one-time items was $3.19 a share in the three months through February, St. Louis-based Monsanto said in a statement, beating the highest of 16 analysts’ estimates compiled by Bloomberg. ...
Read More »Kraft’s failed bid jolts Unilever chief into protective revamp
Bloomberg Unilever Chief Executive Officer Paul Polman is channeling an aborted takeover coup by Kraft Heinz Co. into some shock therapy of his own. Acknowledging that the failed $143 billion bid had energized his company, Polman announced his most sweeping overhaul of the consumer-goods giant in a bid to protect its independence after being caught off guard by the ...
Read More »GOP plays blame game as health deal prospects fade
Bloomberg Let the blame game begin — again — with House Republicans saying they still can’t reach a deal on reviving their health-care bill, likely delaying any chance of action until at least May. “And this time, we’ll have two weeks to let this all fester,†said Representative Dennis Ross of Florida, referring to the two-week recess that starts ...
Read More »83 percent residents back UAE’s peaceful N-energy programme
Abu Dhabi /Â WAM A national poll on nuclear energy has shown that 83 percent of UAE residents are in favour of the UAE Peaceful Nuclear Energy Programme. The research shows some of the highest favourability rates for nuclear energy in the world and is now at 83 percent, an increase of 13 percent since the last poll conducted in ...
Read More »VP briefed on implementation of Expo 2020 central hub project
Dubai /Â WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, was briefed on the implementation of the project to construct Al Wasl Plaza, the central hub of the Expo 2020 site. Accompanying HH Sheikh Mohammed at the briefing were Crown Prince of Dubai HH Sheikh Hamdan bin ...
Read More »Dubai’s apparel and footwear market worth $11.5bn in 2016
Dubai /Emirates Business Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress. The three-day Congress in Dubai in partnership with the Chamber, brought together 1,500 attendees, including 150 ...
Read More »DIFC governor meets UK parliamentary team, envoy
Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), welcomed a United Kingdom parliamentary delegation and His Excellency Sulaiman Al Mazroui, the UAE Ambassador to the UK, on a special visit to DIFC, the leading international financial hub in the Middle East, Africa and South Asian region. The UK is very important for ...
Read More »ChemChina gets EU nod for $43 billion Syngenta deal
Bloomberg China National Chemical Corp. won European Union antitrust approval for its $43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line. ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps†and allow EU regulators to clear ...
Read More »Australia regulators may increase lending curbs amid home boom
Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response†to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne Byres said in a speech in Sydney on Wednesday. The ...
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