Bloomberg VP Bank AG, the Liechtenstein-based private bank, is expanding its wealth management operations in Asia as it draws a line under four years of losing clients in Europe due to tax compliance issues. VP Bank has been adding headcount in Singapore and Hong Kong, and is eyeing partnerships with a view to gaining more wealthy Chinese clients, according to ...

Bloomberg Amazon.com Inc. proved it can use bargain buzz to sell a lot of gadgets on a random day in July. This year, it’s hoping excitement around Prime Day gets shoppers to change how they buy groceries. Amazon’s fourth annual Prime Day — 36 hours of sales beginning July 16 — will be its first since closing the $13.7 billion ...

Bloomberg Hong Kong billionaire Henry Cheng’s jewellery-to-property business empire will acquire Dublin-based Sky Leasing for about $2.8 billion, including debt, to bolster the group’s aviation business. Though the Cheng family’s Goshawk Aviation Ltd. announced the deal last month, it didn’t disclose the value at the time. Of the total, 70 percent of the purchase will be funded with debt and ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders called on the European Union to acknowledge the British government’s new, softer negotiating stance toward Brexit, lending a measure of support to embattled Prime Minister Theresa May. “The Chequers statement appears to show that HM Government are going in the right direction,” Enders said at a German Chamber of Commerce event in ...

Bloomberg Ethiopia’s national airline will take a 20 percent stake in Eritrean Airlines, the state-owned Ethiopian Press Agency reported, citing unidentified Eritrean media. Ethiopian Airlines Enterprise, Africa’s biggest carrier by revenue, will also resume flights next week to Asmara, the capital of neighbouring Eritrea, the ruling party-funded Fana Broadcasting Corp. reported earlier, after the two countries made a historic agreement ...

Bloomberg Taiwan warned businesses and schools to prepare for extreme conditions as Severe Typhoon Maria closes in on the island, disrupting flights and curtailing futures trading. The typhoon could bring strong winds and heavy rains to northern and central Taiwan, Central Weather Bureau said in statement on Tuesday. Several local governments in the northern Taiwan including Taipei City, the island’s ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, mandated to develop the Small and Medium Enterprise (SME) sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan (SMDP), which is part of the Dubai Plan 2021. The study ...

SHARJAH / WAM Sultan Abdullah Al Suwaidi, Chairman of the Sharjah Economic Development Department (SEDD) received Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City, Shams, and Shehab Ahmed Al Hammadi, Shams Director-General. The meeting discussed means of cooperation and mutual work for the benefit of investors. SEDD chairman said the meeting is important for enhancing cooperation and speeding ...

ABU DHABI / WAM The value of foreign trade between the UAE and Vietnam, including free zones trade, totalled nearly $9 billion in 2017, with exports accounting for around $324 million, re-exports around $282 million, and imports for around $8.4 billion. An analytical study, titled, “The Reality of the Foreign Trade between the UAE and the Socialist Republic of Vietnam,” ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) announced that its Board of Directors and sha- reholders had approved a bond repurchase program-me of up to $300 million. Repurchases will be conducted through transactions in the open market, the company said, and announced that pursuant to this approval it had repurchased $43 million of its bonds maturing in 2024. DAE Managing ...