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  Bloomberg Australia is pinning its hopes on sugar to revitalize exports to Indonesia, as it seeks momentum for a free trade agreement that has been mooted for nearly a decade. With two-way trade at its lowest since 2009, Australian Trade Minister Steve Ciobo hailed a recent deal to reduce sugar tariffs from 8 percent to 5 percent, bringing the ...

  Bloomberg Ford Motor Co. will begin producing its upscale Lincoln brand in China by late 2019 after sales almost tripled last year, joining the ranks of automakers localizing production to avoid import taxes in the world’s largest auto market. The Dearborn, Michigan-based automaker will build an all-new SUV model with joint venture partner Changan Automobile Group in the city ...

  Bloomberg Wall Street speculators are zeroing in on the next US credit crisis: the mall. It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they’re catching the eye of hedge-fund types who think some may soon buckle under their debts, much the way many homeowners did nearly ...

  Bloomberg John Wood Group Plc agreed to acquire Amec Foster Wheeler Plc in an all-share deal that values the UK engineering-service provider at about 2.23 billion pounds ($2.7 billion). The shares of both companies surged. The takeover comes after several years of pressure on profits for service providers in the energy industry as the slide in oil prices forced ...

  MEXICO CITY / AP On February 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets all of the work,” he said. “We get nothing.” That same day a law firm ...

  Bloomberg MyTaxi is to begin converting London users of its acquired Hailo app to the German company’s smartphone software, as the unit of Daimler AG begins its fightback against Uber in the UK capital. The Hamburg-based cab-hailing company has already moved more than 17,000 drivers who previously used the Hailo system to the MyTaxi app and plans to start ...

  Dubai / Reuters The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved a number of initiatives and policies related to societal development, voluntary work and promoting the standard of services provided in the emirate. He gave the approval during Executive Council meeting at Etihad Museum. The ...

  Sharjah / WAM Sharjah Islamic Bank (SIB) plans to issue convertible sukuk equivalent to 10 per cent of the lender’s capital, it said on Sunday. Funds raised through the sale will be used by Islamic endowments selected by the government of Sharjah. The bank also authorised a capital increase to around AED2.66 billion, it said in an emailed press ...

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that foreign investors’ purchases in February 2017 reached AED2.306 billion, representing 44.8 percent of total trades, whereas their sales stood at AED2.158 billion, representing 41.9 percent of total trades. In its statement, ADX added, “Subsequently, the net foreign investment in February reached AED148 million, whereas institutional investments in February ...