European companies are rushing to sell bonds in dollars. After all, that’s where the investors are. So far this year, dollar-denominated syndicated new bond sales have exceeded $475 billion, a record for any quarter. A surprising amount — about 22 percent — has come from European issuers. Within this, about $81 billion is from euro-area companies, including banks, according ...

  In the dusty scrub of the Thar desert, Pakistan has begun to dig up one of the world’s largest deposits of low-grade, brown, dirty coal to fuel new power stations that could revolutionize the country’s economy. The project is one of the most expensive among an array of ambitious energy developments that China is helping the country to build ...

  DUBAI / Reuters Most stock markets in the Gulf made small gains on Thursday, recovering some of the week’s losses, but trading volumes remained very low. Egypt rebounded as foreign funds bought shares there. The Saudi stock index climbed 0.7 percent as the petrochemical sector regained some of the previous session’s heavy losses, after Brent oil bounced from a ...

  Bloomberg European stocks climbed, led by mining and bank shares, as lenders borrowed more than double what was forecast under the European Central Bank’s TLTRO program. The Stoxx Europe 600 Index advanced 0.3 percent to 375.21 as of 11:31 a.m. London time, set to end three days of losses. European miners extended their gains to 0.9 percent, following metals ...

  Bloomberg Markets struck a cautious tone, with US stocks fluctuating and Treasuries gaining a fifth day, as investors watched developments in Washington for clues on the prospects for the Trump administration’s pro-growth policies. The S&P 500 Index was little changed, as futures erased gains after House Republicans postponed a planned meeting on the health-care bill. The measure’s outcome is ...

  DUBAI / Reuters Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said. Souq.com, which sells consumer electronics, fashion, household items and other goods, lays claim on its website to being the largest e-commerce site in the Arab world. ...

  Bloomberg China Southern Airlines Co., Asia’s biggest carrier by passengers, is in advanced talks to sell a stake to American Airlines Group Inc., according to people familiar with the matter. The negotiations focus on an investment of about $200 million by Fort Worth, Texas-based American in China Southern’s Hong Kong-listed shares, said the people, asking not to be identified ...

  Bloomberg Emirates aims to let passengers take their laptops past security gates at Dubai International Airport and collect the devices only before boarding as the world’s largest international carrier seeks to minimize the impact of an electronics ban on routes to the US. The state-owned carrier is planning to permit devices affected by the ban within the security perimeter ...

  Bloomberg Terrorist attacks in France and the decline of the pound are drawing tourists to London and Rome, bolstering French handbag maker Hermes International SCA as it bounces back from weakness in the domestic market and China. Hermes reported a 10 percent increase in full-year profit, citing a lift in sales from the pound’s fall in the wake of ...

  DUBAI / Emirates Business ‘MallfortheWorld’ announced that consumers in UAE, Saudi Arabia and Qatar will now have access to over 150 of the leading retailers in the US through its app, marking its foray into the Middle East. MallfortheWorld is the parent company of the award-winning global e-commerce giant MallforAfrica. Growing at a steady rate, the app is available ...