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Bloomberg A clear winner is emerging among Chinese equities this year, whether in Hong Kong or Shanghai: real estate. Property firms account for eight of the 10 best performers on MSCI Inc.’s gauge of offshore Chinese shares in January, while developers have rallied the most among industry groups on the Shanghai benchmark. Shimao Property Holdings Ltd. has led the charge ...

Bloomberg Danish drugmaker Novo Nordisk A/S made its largest takeover offer ever, an unsolicited 2.6 billion-euro ($3.1 billion) bid for Belgium’s Ablynx NV, to beef up its lesser known blood-disorder unit and rekindle growth. The offer for Ablynx signals a higher appetite for deals at the world’s biggest maker of diabetes medicines. After taking the reins, CEO Lars Fruergaard Jorgensen ...

Bloomberg German factory orders fell in November 2017 as demand for investment goods dropped, though the Economy Ministry said the trend remains upward. Orders, adjusted for seasonal swings and inflation, slid 0.4 percent after a revised 0.7 percent gain in October, the ministry said on Monday. While the decrease snapped three month of gains, the number is typically volatile and ...

Bloomberg Uber Technologies Inc.’s rivals are stepping up the battle for ride-sharing dominance in Europe, with local startups raising funds and global adversaries increasing contact with local regulators as they seek to gain a toehold in the region. Taxify OU is looking to raise $50 million in the first quarter to fund expansion plans, according to a person familiar with ...

Bloomberg French President Emmanuel Macron called for an overhaul to relations between China and the European Union, pushing for more balanced trade ties while embracing President Xi Jinping’s signature infrastructure push. Speaking on Monday in the ancient imperial capital of Xian, the eastern departure point of the Silk Road trade route, Macron repeated a call for “reciprocity” in trade ties ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, chaired on Sunday the first Cabinet session of the new year and highlighted the importance of choosing the year 2018 to be the ‘Year of Zayed’. The session was held at the Presidential Palace in Abu Dhabi, ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Morocco’s Minister of Foreign Affairs and International Cooperation, Nasser Bourita, at the ministry on Sunday. During a meeting, they discussed the fraternal relations and existing co-operation between the two countries. They also reviewed ways to enhance bilateral relations between the ...

DUBAI / Emirates Business The Dubai World Trade Centre (DWTC) is set to kick off another new and exciting exhibitions season with a packed schedule of events this January, expected to play host to more than 172,000 trade visitors and 6,000 exhibiting companies. These industry leading events range from healthcare and science, to technology and design, including Arab Health, the ...

Sharjah / Emirates Business Evoteq signed a Memorandum of Understanding (MoU) with the Sharjah Health Authority (SHA), to collaborate on projects that facilitate the digital transformation of the healthcare sector in Sharjah. The agreement, whereby the SHA will seek to utilise Evoteq’s expertise in exploring the feasibility of digitally transforming its services, is intended at reforming the healthcare sector in ...

Bloomberg Fortis Healthcare Ltd. is seeking a cash injection of as much as 50 billion rupees ($790 million) as part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain, according to President Daljit Singh. Malvinder Singh and Shivinder Singh have been in talks with private equity firms for the past year to sell their ...