Senegal, one of Africa’s success stories, looks forward to issuing bonds to fund infrastructure development and accelerate growth that’s being driven by surging peanut and rice production. Yet, the global economic slowdown reverberates worldwide and Senegal could be no exception. Economies try to create new money through issuing the government bonds to sustain on-going development process through what is …

  Franz-Stefan Gady SPECIAL TO EMIRATES BUSINESS The Chinese military has inducted a new intermediate-range ballistic missile (IRBM) capable of hitting U.S. military installations on Guam, the largest and southernmost of the Mariana Islands, a new report by the U.S.-China Economic and Security Review Commission reveals. The Dongfeng-26C (DF-26C), a conventionally armed IRBM, has in all likelihood been deployed as …

  Mac Margolis Brazilians aren’t easily impressed these days. A brutal economic recession and 26 straight months of the worst political corruption scandal in memory have seen to that. But on May 9, an unusual news item caught the public eye. That day, one of Brazil’s biggest companies published an open letter to the nation. In the 770-word “Apology and …

  A self-confessed “man of many flaws and contradictions,” the Philippines’ new president-elect, Rodrigo Duterte, now has the tough job of uniting the country. However, the tougher job will be convincing everyone that the Philippines is not regressing and his polices are indeed fit for a modern democracy. The former mayor of Davao City used his first press conference since …

  The economic problems in southern Europe are deep and painful, but they are not unsolvable. Some of them are already beginning to mend. A case in point: Italy, which has started to grow again after enduring a nasty recession. Then there’s Greece, which looks like it’s headed for a new round of trouble. Although its crushing debt and crippling …

  BLOOMBERG U.S. stocks slipped while the dollar advanced with yields on two-year Treasuries after data on inflation and housing signaled the U.S. economy may be strong enough for the Federal Reserve to raise rates this summer. The S&P 500 Index retreated after a Monday rally took it past its average price for the past 50 days. The U.S. currency …

  Bloomberg Robusta coffee climbed to the highest level in almost nine months as a drought in top grower Vietnam threatens next season’s crop. The gains helped extend the arabica variety’s longest winning streak in decades. Dry weather remains fairly widespread in Vietnam, the world’s largest producer of the robusta variety used to make instant coffee. That’s threatening the development …

  DUBAI / Reuters Saudi shares rose early on Tuesday, lifted by firmer oil prices and news that Saudi Arabia’s second-largest telecommunications operator Mobily had secured waivers from all its lenders on breaches of loan agreements. Real estate stocks lifted the Dubai index. Etihad Etisalat (Mobily) jumped 6.7 percent after it said lenders who had not already agreed in December …

  Bloomberg Asian stocks climbed for a second day as a rally in oil prices drove energy shares from Japan to Taiwan higher. The MSCI Asia Pacific Index added 0.8 percent to 127.33 as of 4:26 p.m. in Hong Kong. The pickup in commodity prices is helping a recovery in global equities, after weaker economic data and disappointing company earnings …

  EMIRATES BUSINESS MBLM, the Brand Intimacy Agency focused on strategy, design, creative and technology, announced the successful launch of a comprehensive real estate branding program for One Central, a mixed-use, multi-billion-dollar project. One Central is the latest real estate development from Dubai World Trade Centre (DWTC). The 540,000 m2 master plan encompasses commercial, residential, hospitality and entertainment components, and …