Bloomberg Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive ...
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‘India’s growth will rebound after cash ban’
Bloomberg India’s growth will bounce back after a sharp slowdown triggered by Prime Minister Narendra Modi’s clampdown on cash, said central bank Governor Urjit Patel. “Almost everyone agrees that the impact is going to be a sharp ‘V,’ that we would have a downgrade of growth for a short period of time,†Patel told CNBC-TV18 in an interview telecast ...
Read More »Strategic partners top priority for Dubai Airports 2017-2025 plan
Dubai / WAM Strategic partners are on top of Dubai Airports priorities regarding its strategic plan 2017-2025 to achieve their aspirations of making Dubai International Airport an international model in service and satisfying customers in compliance with the UAE government’s directives, said Majed Al Joker, Senior Vice President of Dubai Airports for Corporate Assurance and Governance. Al Joker praised the ...
Read More »Future belongs to those who effect radical changes: Hamdan
Dubai /Â WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at Dubai Future Foundation, met the heads of Dubai government entities to discuss next steps for Dubai 10X initiative launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum ...
Read More »SCTDA showcases Sharjah’s biz potential at India trade show
Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) is leading a delegation of Sharjah-based tourism and hospitality organisations to the 23rd edition of the SATTE travel trade show, taking place in Pragati Maidan, New Delhi, India, from February 15-17. This marks the Authority’s first participation in the SATTE exhibition. SATTE is South Asia’s largest travel ...
Read More »Putin more aggressive to NATO since Trump win, says Estonia
Bloomberg Russia is testing NATO’s willingness to respond to provocation ahead of an expected meeting between President Vladimir Putin and his US counterpart Donald Trump, according to Estonian Defense Minister Margus Tsahkna. Russia’s build-up of forces and violations of international law, including in Ukraine, show the need for members of the North Atlantic Treaty Organization to increase spending on ...
Read More »Carmakers’ plea for fuel economy review sets stage for showdown
Bloomberg Automakers enjoying lucrative sales of trucks and sport utility vehicles are hoping President Donald Trump makes good on his vows to deregulate. Environmental groups are saying fuel efficiency standards won’t be watered down without a legal challenge. “We’ll see him in court,†Dan Becker, director of the Safe Climate Campaign, said of the group’s planned response if the ...
Read More »British blue chips snub investor calls to reveal CEO pay ratios
Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a ...
Read More »China flexes muscles in commodities trading
Bloomberg China’s stepping up its campaign for greater clout in global commodities trading. The Asian nation’s state-run Sinochem Group is said to be in early talks to become a strategic investor in embattled commodities trader Noble Group Ltd. A potential deal could give the Chinese oil and chemicals behemoth access to Noble’s trading expertise and businesses around the world, ...
Read More »Sleepless nights costing Japan’s economy billions each year
Bloomberg Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy. The problem has been getting worse in recent years. Nearly half of full-time workers say they don’t get enough sleep, citing long overtime hours as a primary reason, according to a government white paper ...
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