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  Bloomberg Gold imports by India gained more than four-fold in April driven by jewelers restocking in anticipation of a recovery in sales during the wedding season that will last till mid-June. Shipments rose to 98.3 metric tons last month from 22.2 tons a year earlier, according to a person familiar with provisional data from the finance ministry, who asked ...

  Bloomberg The world’s second-largest shipbuilder has split itself into four companies, a move that would facilitate a potential sale of some of the businesses. Hyundai Heavy Industries Co. started trading as four entities on Wednesday as the conglomerate tries to insulate the group from a financial crisis at any one of its divisions. The breakup splits the operations into ...

  Bloomberg China’s producer price gains slowed more than expected in April, adding to signs of a potential easing of global reflation fueled by the world’s second-largest economy. Producer price index rose 6.4 percent from a year earlier, versus a 6.7 percent Bloomberg survey estimate and 7.6 percent gain in March. Consumer price index climbed 1.2 percent, versus 0.9 percent ...

  Bloomberg In the past five years, Parkland Fuel Corp. has more than tripled its market value by snapping up gas stations, propane distributors and other types of fuel sellers across Canada. Its next wave of acquisitions may be in the US. Since Chief Executive Officer Bob Espey took the helm in 2011, Parkland has struck 18 deals valued at ...

  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, received a delegation from the Emirates Center for Strategic Studies and Research (ECSSR), headed by Director-General Jamal Sanad Al Suwaidi, at Qasr Al Bahr in Abu Dhabi. During the meeting, he was briefed by ...

  Abu Dhabi / WAM An innovative e-game dubbed ‘Zayed The Leader’ was officially launched by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, at the Ministry of Interior (MoI) premises on Tuesday to promote awareness among youngsters about the UAE history and its establishment at the hands of late Sheikh Zayed ...

  SHARJAH / Emirates Business Strategically located at the intersection of Sheikh Mohammed bin Zayed Road and University Road, City Centre Al Zahia is a super-regional mall of 136,200 sqm of gross leasable area. The super-regional mall will address the shopping and leisure needs of the residents of Sharjah, Northern Emirates and Al Zahia, an award-winning residential destination with six ...

  DUBAI / WAM Dubai Customs has updated its valuation system to provide more advanced services to clients to serve the vision of Dubai becoming the smartest city in the world. With this in mind, Dubai Customs regularly updates and automates its processes and applications, delivering added value to its clients and reaffirming Dubai’s position as a preferred hub for ...

  Bloomberg Shares of Chinese coal-fired power generators surged on Tuesday as the country was said to be considering plans to create three energy giants through mergers of eight companies with combined assets of almost 5.9 trillion yuan ($855 billion). The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the ...

  Bloomberg Property developers have beaten every industry group on India’s benchmark equity index this year, but BNP Paribas Asset Management India Pvt. isn’t impressed. A gauge of realty stocks has soared 62 percent since January 1, almost five times the climb in the S&P BSE Sensex, as the government took steps to bolster the industry that was one of ...