April, 2016

• 17 April

  Senaat company Al Gharbia breaks ground at Kizad

  

    Abu Dhabi / Emirates Business Al Gharbia Pipe Company, a joint venture between Senaat, one of the largest industrial holding companies in the UAE, and two of Japan’s leading companies in the steel sector; JFE Steel Corporation and Marubeni-Itochu Steel Inc. (MISI), has broken ground in the Khalifa Industrial Zone Abu Dhabi (Kizad). Al Gharbia will be the UAE’s ...

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• 17 April

  Ducab engages with the Next-Gen scientists

  

    Dubai / Emirates Business Ducab, the UAE-based leading manufacturer of high-quality cables and cabling products, is demonstrating how industrial solutions answer real-world problems at the Think Science Competition Exhibition. The fourth edition of the competition and exhibition, held under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of Emirates Foundation, ...

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• 17 April

  Malaysia to meet economic expansion target this year

  

  Kuala Lumpur / Bloomberg Malaysia will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, central bank Governor Zeti Akhtar Aziz said. Price pressures are “quite contained” due to lower fuel and commodity costs and slightly slower demand, Zeti said in an interview in Washington. Until there ...

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• 17 April

  Uber, Ola cars seized in ‘surge pricing’ op

  

    Bangalore / Bloomberg Uber Technologies Inc. and its competitor in India, Ola, have had cars seized this week in the country’s technology capital of Bangalore for allegedly overcharging customers, a city transport official said. More than 30 Uber and Ola vehicles have been impounded, said Rame Gowda, the Bangalore-based commissioner of transport and road safety. He said operations against ...

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• 17 April

  India’s TCS to appeal $940mn in damages

  

    New Delhi / AFP India’s biggest IT outsourcing firm Tata Consultancy Services (TCS) says it will challenge $940 million in damages imposed by a US court in an intellectual property theft case. A federal grand jury in the US state of Wisconsin found TCS and its American unit guilty of using data from a US medical software firm without ...

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• 17 April

  Billionaire’s spree undermines India’s airwave auction

  

    New Delhi / Bloomberg As Bharti Airtel Ltd. prepares for more competition from the nation’s richest man, the government may be bracing for collateral damage. That’s because India’s largest mobile-phone carrier has bought enough airwaves in the past month to be able to provide 4G services everywhere in the country, reducing Bharti’s need to bid for spectrum in an ...

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• 17 April

  IMF calls for ‘more forceful’ policies to boost growth

  

  Bloomberg Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy. “Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown ...

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• 17 April

  USA factory output falls again, but signs of stability appear

  

    AP U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Yet other recent data suggests that the sector’s long-running malaise could brighten in the coming months. Factory production fell 0.3 percent last month, following a 0.1 percent drop in February, the Federal Reserve said. Those figures suggest ...

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• 17 April

  Dollar rescuing JPMorgan US stock as Goldman call fizzles

  

  Bloomberg Two big firms, JPMorgan Chase & Co. and Goldman Sachs Group Inc., have two pretty divergent opinions about what you should own in the U.S. stock market right now. So far, the dollar is making the difference in who’s right. Custom indexes maintained by both banks give the advantage to Dubravko Lakos-Bujas, the JPMorgan chief U.S. equity strategist who ...

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• 17 April

  Indigenous group asks Brazil to say no to mega-projects

    AP A group representing Amazon indigenous people has urged Brazil’s National Development Bank to stop financing projects that cause environmental damage. After meeting with bank representatives, leaders of the Ecuador-based group known as the Coordinator of Indigenous Organizations of the Amazon Basin said in a statement that they also asked the bank to adopt policies that safeguard the rights ...

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