Democracies look to voters for validation of their economic policies. For Thailand’s military junta, the affirmation is coming from Beijing, bankers and the likes of Harley-Davidson Inc. Harley’s decision to build a new Thai factory to supply Southeast Asia should be reassuring to Prime Minister Prayuth Chan-Ocha. The former army chief, who ousted a civilian government in a 2014 coup, ...

Headlines like ”Trump tariff barrage pushes China feud to point of no return,” and “China vows retaliation against $200 billion trade threat” are just the latest portents of global investing in peril. Everyone from BlackRock, the largest public money manager, to Harvard University economist Carmen Reinhart seems to be issuing warnings about the perils of investing in emerging-market economies, which ...

Bloomberg Kuwait Finance House KSCP wants to hold renewed talks with Bahrain’s Ahli United Bank BSC about a takeover, a potential boost to the island kingdom as it seeks financial support from richer neighbours. Shares in Ahli United Bank, or AUB, rose 6.8 percent on Tuesday to the highest levels since April last year, valuing the Manama, Bahrain-based lender at ...

Bloomberg India is preparing to infuse about 20 billion rupees ($290 million) into Punjab National Bank (PNB) by next week to help it meet dues on its perpetual bonds, people familiar with the matter said. India’s third-largest state-run lender will issue preferential shares to the government, the people said, asking not to be named as the information isn’t public. This ...

Bloomberg US consumers are levering up again, and Bank of America Corp. (BofA) is using that, along with cost cuts, to boost profit. Bank of America’s consumer unit posted its highest earnings in more than eight years in the second quarter, helping the lender top analysts’ estimates. Loans in that business climbed 6.6 percent compared with a year earlier, according ...

Bloomberg BlackRock Inc. saw outflows from equity products in the second quarter and slower inflows into its exchange-traded funds as investors reacted to market uncertainty. Clients pulled $22.4 billion from BlackRock’s equity products in the period, according to a statement. Inflows into its iShares products totaled $17.8 billion, the lowest since the second quarter of 2016. BlackRock is the world’s ...

Bloomberg Bank of England (BOE) policy makers are getting a crucial glimpse of the health of the UK economy before their crunch August meeting. A deluge of numbers on wages, inflation, retail sales and public borrowing are coming over the next five days. While a similar run of reports prompted the bank to back away from an interest-rate increase in ...

ABU DHABI / WAM The value of non-oil trade between Abu Dhabi and China, in 2017, reached AED13.2 billion, constituting around 8.2 percent of the emirate’s registered trade that totalled AED160 billion during the same year, according to statistics from the Statistics Centre-Abu Dhabi (SCAD). Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five ...

ABU DHABI / WAM The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the aid of Allah Almighty and its highly qualified, educated and determined citizens will pursue its drive towards further development, progress and prosperity, stated His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

DUBAI / Emirates Business A recent report by Global Innovation Index 2017 stated that UAE ranks first in Mena region in terms of innovation. The United Arab Emirates has always adopted an innovative methodology, noting that innovation has become a future necessity for the development of world nations. And with the introduction of Value Added Tax (VAT) this year, UAE ...