Bloomberg Pakistan will raise $500 million in March through a fund aimed at its nationals living overseas, as South Asia’s second-biggest economy seeks investment after averting a balance-of-payment crisis. Pakistani citizens living abroad will be asked to invest in the fund managed by the Board of Investment and the central bank, Haroon Sharif, the chairman of the state-run agency, said. ...

Bloomberg Exports from Hong Kong fell more than expected in December as the impact of US-China trade tensions deepened in the port city, the first time sales abroad have contracted in consecutive months since 2016. December exports tumbled 5.8 percent from a year ago to HK$339.9 billion ($43.3 billion), while imports slid 7 percent to HK$391.2 billion in the same ...

Bloomberg Takeda Pharmaceutical Co is planning what would be the biggest single-tranche Japanese corporate yen bond sale in an effort to extend its debt obligations following its $62 billion purchase of Shire Plc, according to people with knowledge of the discussions. The drug maker is planning to sell as much as 500 billion yen ($4.6 billion) of hybrid notes in ...

Bloomberg A last-ditch bid by Siemens AG and Alstom SA to win approval from the European Union’s top antitrust regulator for their planned rail merger isn’t good enough to allay concerns about competition, according to a person with knowledge of the situation. The fresh concessions, first reported by Bloomberg January 25, come too late and fall short of the bold ...

Bloomberg The French government is preparing to toughen access for equipment makers to its future 5G telecommunications networks. The government is readying an amendment to the appropriate law with a view to make the vetting process for gear more stringent and increase the oversight of suppliers and locations by the concerned authorities, according to the Finance Ministry. The new rules ...

Bloomberg Germany’s industrial slump worsened at the start of 2019, dragging the euro-area economy into its worst performance in more than five years. IHS Markit’s monthly index showed manufacturing in Germany shrank for the first time in four years. In euro area it barely grew, and a broader measure of activity dropped to weakest since 2013. The euro fell after ...

Bloomberg The US Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they ...

Whenever I or someone else suggests that we need higher defense spending, there is an incredulous response from critics: US military spending equals the outlays of the next eight countries combined; how can we possibly be spending too little when we spend so much more than any conceivable adversary? The answer is that, while technically accurate, this argument is so ...

Flying cars! So futuristic! A world in which they’re buzzing around the skies must be dazzling – like a Popular Mechanics feature come to life! Well, yeah. About that. It seems increasingly likely that aerospace companies and startups are rushing to embrace a world of vertical take-off robotaxis. Just don’t be surprised if it looks a lot more like “Blade ...

What’s not to like about Singapore’s office property market? Take a look at CapitaLand Commercial Trust’s 2018 results. Singapore’s biggest office landlord, owner of $7.4 billion of the city-state’s commercial buildings, finished the year with a record-high occupancy rate of 99.3 percent. To achieve this, the real-estate investment trust didn’t have to compromise on pricing, at least not too much. ...