Bloomberg The European Central Bank estimates Banca Popolare di Vicenza SpA and Veneto Banca SpA need about 6.4 billion euros ($6.8 billion) and considers the lenders solvent, a condition for them to receive a bailout, according to people familiar with the matter. Representatives of the ECB, the European Commission and the Italian Treasury reviewed the banks’ request for a ...

  Dubai /Emirates Business The 11th edition of The World Retail Congress began at Madinat Jumeriah for the second time on Tuesday, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The three-day World Retail Congress brought together global retail leaders, providing them with an ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has garnered exceptional interest from both domestic and international investors keen to purchase units in its second building at Mudon Views in the Dubailand district. DP marked an impactful participation in the International Property Show 2017 that ran from April 2-4, at ...

  Dubai / Emirates Business Dubai World Trade Centre (DWTC) partnered with Careem, the region’s leading ride-hailing app, leveraging technology to provide efficient ground transportation services that would offer a seamless visitation to the DWTC’s Dubai International Convention and Exhibition Centre, the leading venue for the MICE sector in the region. Through the partnership, Careem will optimise their presence at ...

  PESHAWAR / AP When Durdana married for a second time and to a man of her own choosing, her parents threatened to kill her if she tried to see her new husband. They imprisoned her in their home, but she still had her mobile phone and had learned that a helpline for women had been set up. She noted the ...

  Bloomberg OPEC isn’t the only decades-old energy hegemony being turned on its head by US shale. Liquefied natural gas sellers from Qatar to Malaysia that dominated gas sales to Asia for years are facing the prospect of rising American exports. While less than 30 US cargoes have landed in Asia, their effect was felt even before they arrived. LNG ...

  Bloomberg During the oil price rout, islands in the Caribbean were exhibit A for the longest-lasting glut in three decades, with millions of barrels stored there. Now, that oil is flowing again, a sign the market is rebalancing. Since mid-February, between 10 million and 20 million barrels have left the Caribbean, according to estimates from traders who asked not ...

  Bloomberg Oil’s rally above $50 a barrel is running out of steam after Libyan production returns, bringing the focus back to OPEC. Futures in New York extended losses after dropping 0.7 percent on Monday, following a 5.5 percent jump last week. While OPEC output fell by 200,000 barrels a day in March, the decline was helped by cuts in ...

  CHIBA / Reuters Inpex Corp’s $37 billion Ichthys Australian liquefied natural gas (LNG) project will start shipping ultra-light crude known as condensate by end-2017 and LNG shipments next year, one of the partners in the development said on Tuesday. The comments from Total Chairman and CEO Patrick Pouyanne suggest further slippage in a project that has in recent months ...

  Bloomberg It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province — in the same spirit that Shenzhen and Shanghai’s Pudong was built — hordes of prospective buyers had thronged ...