Uncategorized

  Bloomberg Toshiba Corp. had promised on Tuesday would be the day it explained the depth of trouble in its nuclear business. Instead, the company provided hours of chaos that shook investor confidence and raised new questions about the company’s future. It began with Toshiba confirming plans to report earnings at noon in Tokyo, including a looming multibillion-dollar loss in ...

  Bloomberg Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium-sized enterprises. The Monetary Authority of Singapore is prepared to consider applications for mergers or acquisitions if any prospective partner “commits to maintaining SME financing as a core business” ...

  Bloomberg It’s not just US President Donald Trump who’s bullish on infrastructure investing. Mutual and exchange-traded funds dedicated to building and upgrading roads, bridges, airports and other projects attracted more than $450 million from November through January, the biggest three-month period in almost two years, according to Morningstar Inc. The inflows reversed redemptions during 15 of the 16 months ...

  Bloomberg Say what you will about Donald Trump’s economic prescriptions, it’s hard to argue he hasn’t been a boon for corporate sentiment. A looming question for investors is how that buoyancy will translate when it comes to business spending. Words of optimism are multiplying — literally. Executives used the word “optimistic” on a record 51 percent of earnings calls ...

  Bloomberg ‘House of Cards’ needs more room. Netflix Inc., the streaming service that’s home to the political drama, last month leased an entire five-story office building in Hollywood, less than three months after signing a decade-long deal for adjacent stages and production offices, bringing its total space in the Sunset Bronson Studios complex to more than 500,000 square feet ...

  Bloomberg British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, UK tech entrepreneurs are now girding for a bevy of challenges. A poll of 940 startup executives in the UK and other nations found that Brexit, which is set to be triggered in March, ...

  Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, World Bank Group President Jim Yong Kim has launched a global education platform that gathers annually during the World Government Summit, with the aim of supporting education worldwide, and support children education among ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Antonio Guterres, Secretary-General of the United Nations, UN, at Al Bahr Palace. The Abu Dhabi Crown Prince welcomed Guterres and congratulated him on assuming his post as the UN Secretary-General, wishing ...

  North Korea / AP The United States, Japan and South Korea have requested urgent diplomatic talks at the United Nations on Monday over North Korea’s latest ballistic missile launch, with Seoul condemning what it called “serious military and security threats” and predicting more such tests. A spokesman for the US Mission to the United Nations said that the meeting ...

  Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director. During his keynote speech, today, at the inaugural Middle East Sulphur Conference, Al Suwaidi said ...