April, 2016

• 28 April

  South Korea: North failed again with mid-range missile test

  

    Seoul / AFP North Korea on Thursday tried and failed in what appeared to be its second attempt in two weeks to test a powerful, new medium-range ballistic missile, South Korea’s defence ministry said. A ministry official said the North had fired what was understood to be a Musudan missile at around 6:40 am (2140 GMT Wednesday) from Wonsan ...

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• 28 April

  Putin hails first rocket launch from new cosmodrome

  

    Vostochny / AFP Russia launched the first rocket from its new Vostochny cosmodrome on Thursday, with President Vladimir Putin hailing the event after dressing down officials over a delay caused by a technical glitch. The launch is a major milestone for Russia’s beleaguered space sector, with the new spaceport in the far east of the country touted to mark ...

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• 28 April

  India cancelled visa, says Chinese dissident

    New Delhi / AFP Chinese dissident Lu Jinghua said Thursday New Delhi cancelled her visa to travel to India to meet the Dalai Lama, just days after another Chinese activist was blocked after protest from Beijing. Lu, who fled China following the Tiananmen Square crackdown in 1989, said she had been granted a tourist visa to travel from her ...

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• 28 April

  Is the worst over for emerging markets?

  

    Forecasters are far from bullish, but analysts suggest the worst may be over for emerging markets following a rally in commodities and currencies. In its latest ‘World Economic Outlook’ report, the International Monetary Fund revised down its forecasts for global growth to just 3.2 percent this year and 3.5 percent in 2017, citing only a modest pickup in advanced ...

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• 28 April

  India: Walking the line between China and USA?

  

    Earlier this month, when Indian Defense Minister Manohar Parrikar and U.S. Defense Secretary Ashton Carter agreed in principle to sign a logistics support agreement (LSA) intended to enhance military ties, many in India wondered if the pact would push the country into an unnecessarily tight embrace with the United States. More importantly, they worried that an increasingly assertive China ...

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• 28 April

  Yen surges on BOJ as equities retreat, treasuries sink declines

  

    BLOOMBERG Even when they do nothing, central banks have the power to surprise and bewilder. The yen surged the most since August and the Topix Index lost more than 3 percent as equities worldwide fell after the Bank of Japan refrained from adding to its monetary stimulus. U.S. stock futures remained lower and Treasuries erased gains after data showed ...

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• 28 April

  Emirates Securities Market down by -0.75 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.75% to close at 4622.61 points. Accordingly the Market Capitalization has lost AED 5.7 billion attaining AED 749.85 billion. A total of 473.36 Million Shares were traded with a total value of AED 0.75 billion during the trading session of 28-04-2016 through 6558 transactions. The number of companies ...

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• 28 April

  NYC’s luxury-apartment glut hits landlord Equity Residential

  

    Bloomberg A cool-down in Manhattan’s apartment-rental market is hitting the bottom line of Equity Residential as the landlord is forced to offer concessions to tenants who suddenly have a lot of competition to choose from. “New York City just turned very quickly and more deeply than we expected,” Chief Operating Officer David Santee said on a conference call on ...

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• 28 April

  Creating comfy, desirable destinations

  

    Our Correspondent / Emirates Business Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with US$10 billion in assets, a 75 million sq-mt land bank, and through its iconic developments, it is one of the most well known in the UAE, and in wider Middle East region. From its beginnings in 2005 till today, Aldar continues ...

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• 28 April

  Hashtag Digital: Leveraging from past experience

  

    Our Correspondent / EMIRATES BUSINESS Digital commerce is the fastest moving industry in the world , especially in South East Asia. It has become the torch-bearer for the genX and millenial dreamers to make it big as an entrepreneur with the fast mushrooming of start-ups in an uprecendented scale. As a ‘new’ industry, not so many professionals can claim ...

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