Bloomberg The meeting between US President Donald Trump and Chinese President Xi Jinping this week is encouraging and sets the stage for the world’s two largest economies to strengthen ties, said Ford Chief Executive Officer Mark Fields. “When you have two leaders meet face to face, they become people to each other,” Fields said in an interview with Bloomberg ...

  Bloomberg Altice NV and its partners are exploring a sale of about 20 percent of their US cable-TV business in an initial public offering this quarter, as billionaire Patrick Drahi takes advantage of historically strong equity markets to raise cash for expansion, according to people familiar with the matter. Drahi’s Altice may use the proceeds from the listing of ...

  Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan said he plans to focus on restoring revenue growth after the lender raised 8 billion euros ($8.5 billion) from shareholders to bolster capital. In a letter to employees, Cryan said he will aim for “prudent growth,” even as cost reductions continue. While many investors and analysts in Europe were still ...

  Bloomberg UK consumers, touted by Mark Carney as a key to the economy’s performance, may find the squeeze on their pockets gets a little tighter this week. While inflation’s upward momentum probably paused in March, another weakening in wage growth means pay isn’t keeping pace with price increases. That’s all going to feed into household spending habits in 2017. ...

  Bloomberg Ireland’s prime minister says the European Union and Britain must be “creative and imaginative” to avoid creating a “hard” border between his country and the UK after Brexit. Prime Minister Enda Kenny met German Chancellor Angela Merkel to discuss what implications Britain’s departure from the EU will have for Ireland. Kenny told reporters in Berlin any solution must ...

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) unveiled its plans to build three new 400 kilovolt (kV) substations over the next three years, with an allocated budget of AED1 billion. The three substations will be added to DEWA’s 21 existing substations. DEWA is working in adherence with its strategy of increasing the efficiency of electricity services ...

  ABU DHABI / WAM Petrochemical producers, extrusion technology providers, packaging equipment manufacturers, plastic converters and compounders, food producers, traders, consultants and investors will gather in Abu Dhabi on Sunday, April 9, to chart the course for growth and sustainability of the GCC plastics conversion industry. The 8th edition of GPCA PlastiCon, organised by Gulf Petrochemicals and Chemicals Association (GPCA), ...

  DUBAI / WAM The 17th edition of Careers UAE, country’s leading recruitment exhibition for Emiratis, opens at Dubai World Trade Centre (DWTC) on April 9, where scores of public and private sector organisations from the region and across the world are preparing to meet, select and interview the best Emirati talent. With UAE school and university enrolment set to ...

  DUBAI / WAM Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber Commerce and Industry (SCCI), reaffirmed the chamber’s keenness on contributing to the strengthening and development of the emirate’s economic ties with different countries around the world, especially in Africa, which represents a promising market and offers great opportunities for Emirati businessmen. ‘‘SCCI will strive through the means ...