KUALA LUMPUR / AP Malaysia’s health minister said on Sunday that the dose of nerve agent given to North Korean ruler Kim Jong Un’s exiled half brother was so high that it killed him within 20 minutes and caused “very serious paralysis.†Kim Jong Nam died February 13 at Kuala Lumpur’s airport in what Malaysian police say was a well-planned ...
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China to allow more IPOs to lure capital, support economy
Bloomberg China will allow more companies to list on its stock market to boost support for its economy, the nation’s top securities regulator said, dismissing concerns that more supplies of shares can depress the market. The capital market’s recovery from a 2015 rout has been stronger than expected and is now ready for “appropriately†larger supplies of initial public ...
Read More »From China’s factories to shopping cart, price hikes loom
Bloomberg In China’s manufacturing heartland Guangdong, clock maker Dannol Electronics Co. is grappling with higher input costs stemming from tougher environmental regulations. Already squeezed by years of rising wage bills and intensifying domestic competition, the company recently increased asking prices by an average of 15 percent for new customers and plans to do the same with older buyers soon. ...
Read More »Berkshire profit climbs 15% to $6.29bn on investments
Bloomberg Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit rose 15 percent, fueled by a gain on an investment in Dow Chemical Co. Net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333, a year earlier, the Omaha, Nebraska-based company said in a statement. Operating earnings, which exclude some investment results, were $2,665 a ...
Read More »Mexican companies craft plan to sidestep US grain imports
Bloomberg One of Mexico’s largest business groups is working on a bargaining chip ahead of talks to renegotiate the North American Free Trade Agreement: finding alternatives to the US for grain imports. The Consejo Coordinador Empresarial, one of the nation’s top business chambers, is examining countries such as Brazil and Argentina to add new sources for soy, corn and ...
Read More »Mohammed approves AED1bn for improvement of Dubai roads
Dubai /Â WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, approved the award of a contract for the improvement of Tripoli Road in a 12 km stretch to provide a link between the Sheikh Mohammed bin Zayed Road and the Emirates Road at a cost of AED500 million. ...
Read More »â€˜Martyrs will be a source of determination, strength’
DUBAI, SHARJAH, RAL AL KHAIMAH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday extended his condolences to the families of martyred UAE servicemen Sulaiman Mohammed Al Dhuhouri and Nader Mubarak Eisa Sulaiman, and the martyred UAE ambassador to Afghanistan, Juma Mohammed ...
Read More »Gulfood marks 30 years with new ‘business first’ segmented format
DUBAI / Emirates Business Dubai World Trade Centre (DWTC) officials are confident a new segmented show format will be the next stage of the annual Gulfood exhibition’s evolution, as the show prepares for the biggest format shake-up in its highly successful 30-year history. Opening Sunday, Gulfood’s five-day run is expected to attract up to 90,000 food professionals, with some ...
Read More »Pharma barons cite delay in digitizing labs in India
Bloomberg Heads of two of India’s largest drug makers said integration of electronic systems to prevent quality lapses in factories is going slower than expected, as the industry looks to adapt to increased scrutiny from regulators in the developed world that have resulted in sanctions and slowed sales. “This is a much more digital world than where pharma companies ...
Read More »Iron ore hit with reality check as RBA says $90s won’t last
Bloomberg Iron ore’s having a reality check on rising doubt that the exuberance that lifted prices to the highest since 2014 is entirely rational given the outlook for additional supply, the record stockpiles in China and statements of caution from some of the world’s biggest miners. Futures in China fell on Friday, with Australia’s central bank saying it expected ...
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