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February 14, 2017 Local News
Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial and community ports as well as Khalifa Industrial Zone, obtained the ISO 9001:2015 certification, an internationally recognised standard for quality management systems. This reflects Abu Dhabi Ports’ commitment to meeting and exceeding the needs of customers and stakeholders as well as ...
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February 14, 2017 Local News
DUBAI / Emirates Business In line with its ‘Shared Growth Ambition’ program and global commitment to cultivate employability and financial skills in the communities in which it operates, Barclays partnered with INJAZ UAE, a member of Junior Achievement Worldwide (JAW), which is one of the world’s largest non-profit business education organizations, reaching over 10 million students a year across ...
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February 14, 2017 International News, Uncategorized
Bloomberg Toshiba Corp. had promised on Tuesday would be the day it explained the depth of trouble in its nuclear business. Instead, the company provided hours of chaos that shook investor confidence and raised new questions about the company’s future. It began with Toshiba confirming plans to report earnings at noon in Tokyo, including a looming multibillion-dollar loss in ...
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February 14, 2017 International News
Bloomberg Steelmakers aren’t out of the woods yet. A year-long rebound risks fading as a slowdown in China’s property market deepens, exposing bullish sentiment as overblown, according to a US-based hedge fund manager and former Citigroup Inc. analyst. “China’s real estate sector is the biggest X-factor for the steel market globally this year,†Ivan Szpakowski, chief investment officer at ...
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February 14, 2017 International News
Bloomberg China’s producer prices increased the most since 2011, with the world’s biggest exporter further lifting the outlook for global inflation. Producer price index rose 6.9 percent in January from a year earlier, compared with a median estimate of 6.5 percent in a Bloomberg survey and a 5.5 percent December gain. Consumer-price index climbed 2.5 percent, boosted by the ...
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February 14, 2017 International News
Bloomberg Australian business conditions jumped to the highest level in more than nine years and the employment gauge surged, diminishing the likelihood of interest-rate cuts in the near term. The business conditions index — a measure of hiring, sales and profits — jumped to 16 in January from a revised 10 in December, a National Australia Bank Ltd. survey ...
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February 14, 2017 International News, Uncategorized
Bloomberg Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium-sized enterprises. The Monetary Authority of Singapore is prepared to consider applications for mergers or acquisitions if any prospective partner “commits to maintaining SME financing as a core business†...
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February 14, 2017 Opinion
Comes now Timothy Geithner, treasury secretary from 2009 to 2013, to tell you that much of what you “know†about Dodd-Frank — Congress’ response to the 2008-09 financial crisis — is wrong. It’s a timely review because the Trump administration is promising to overhaul the law. The title of Geithner’s essay, carried in the current issue of Foreign Affairs, ...
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February 14, 2017 Opinion
BNP Paribas SA’s 2016 results should have been a celebration worthy of a guingette. France’s largest bank actually managed to increase revenue as well as earnings amid a backdrop of crushingly low rates and political instability. Yet the stock slumped as much as 5 percent, with investors unimpressed by a slew of one-time costs and the prospect of a ...
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February 14, 2017 Opinion
Not so long ago, Mongolia was the world’s fastest-growing economy. Now, by nearly every metric, it’s in a dire fix. Its debt has surged, its currency has plummeted, and its budget deficit has widened alarmingly. Foreign investment has dried up and economic growth all but ceased. Even the poor antelope are beset by plague. Making matters worse, some staggering ...
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