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Standard Life to buy Aberdeen in US$4.7 billion stock deal

  Bloomberg Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), a deal that would create the UK’s largest active manager. The stocks soared in London trading. Under the terms, Standard Life shareholders will own 66.7 percent of the combined group, according to a joint statement on Monday. Aberdeen’s ...

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Trump, a possible El Nino may confound palm oil bears

  Bloomberg Palm oil bears are growing in confidence this year with production in the two largest growers expected to surge as plantations recover from the scorching effects of El Nino. The factors that may stand in the way, however, include Donald Trump and a possible early return of El Nino. The quarterly average price of the oil used in ...

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‘Trump trade threat is uniting rest of world’

    Bloomberg US President Donald Trump’s protectionist stance may propel Asian, Middle Eastern and Latin American economic powers into market-opening alliances with the European Union, a top EU official said. Jyrki Katainen, a vice president of the European Commission, the EU’s executive arm, said Trump’s rejection of multilateral commercial deals and border-tax threat are giving impetus to the 28-nation ...

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BT Group pays $1.5 billion to keep ‘broadcast rights’ in UK

  Bloomberg BT Group Plc will spend 1.18 billion pounds ($1.45 billion) to hold on to broadcast rights for Champions League soccer in the UK, agreeing to a 32 percent price increase to secure the future of its pay-TV business. Britain’s former telephone monopoly will pay 394 million pounds a year for three seasons ending in 2020-2021, BT said in ...

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Logitech gears up to push deeper into smart home

  Bloomberg Since Bracken Darrell took over Logitech International SA four years ago, the company’s stock has quadrupled on robust sales of snazzy PC accessories that complement products by the likes of Apple, Microsoft, Amazon, and Google. As Darrell plots his next move, those heavyweights are starting to look more like competitors than partners. Darrell’s goal: tying together TVs, appliances ...

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Hackers drawn to energy sector’s lack of sensors, controls

  Bloomberg Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast near Houston features one of the largest concentrations of refineries, pipelines and chemical plants in the country, and ...

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LG’s G6 wins best smartphone awards

  Emirates Business LG Electronics’ G6 smartphone won an unprecedented 31 booth awards at Mobile World Congress (MWC) 2017 including multiple honors from various international titles and publications attending the show. The LG G6 demonstrates that the company is at the forefront of mobile communications and consumer demand. Amongst top honors received, Wired, Android Authority, Digital Trends, PCMag and TechRadar ...

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Dubai Financial Market launches region’s first ETF trading platform

  DUBAI / WAM Dubai Financial Market (DFM) announced the launch of a trading platform for exchange-traded funds (ETFs), the first of its kind in regional capital markets. Governed by a world-class regulatory framework, the platform offers unprecedented levels of integration and provides ongoing support to the burgeoning ETF industry, particularly market makers, authorised participants and liquidity providers. DFM hosted ...

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UAE, Canada keen to boost trade ties

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Co-operation of the UAE, and Francois-Philippe Champagne, Minister of International Trade of Canada, met in Abu Dhabi to discuss ways of promoting and enhancing bilateral relations between the two countries, with a focus on trade and investment, to benefit their people. Welcoming ...

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