February, 2016

• 28 February

  Shurooq career fair to open opportunities

  Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq), is set to offer its employment opportunities to all students at the Sharjah Higher Colleges of Technology’s (SHCT) Career Fair taking place on March 2. The annual SHCT Career Fair is organized by SHCT to provide its students and graduates with the opportunity to meet HR managers from leading ...

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• 28 February

  4 in 10 UAE residents expect employers to be hiring soon

  

  Dubai / Emirates Business The latest Middle East Job Index Survey, conducted by the Middle East’s leading job site, Bayt.com, and research and consulting firm, YouGov, has revealed that six out of every 10 working respondents in the UAE expect their employers to be hiring in the next three months; four in 10 saying they will be definitely hiring. The ...

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• 28 February

  Foxconn, Sharp to remove hurdles for US$6bn deal

  

  Taipei / Bloomberg Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion ...

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• 28 February

  Singapore Exchange may buy Baltic Exchange for US$116mn

  

  Singapore / DPA The Singapore Exchange (SGX) is in talks to buy The Baltic Exchange, a move that could bolster its derivatives business and strengthen Singapore as a maritime hub. The bourse said that it has submitted a non-binding bid, adding that discussions are still preliminary. The Baltic Exchange, headquartered in London, is the world’s source of maritime market information. ...

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• 28 February

  China’s rising clout catches eye of lenders

  Beijing / Bloomberg Discussions are under way to grant the world’s largest developing economy membership to the Paris Club, a group of creditors that specializes in loans to governments. China, along with Brazil and South Korea, are being considered for entry into the lending club, according to ministers and officials from the Group of 20 economies who were in Shanghai ...

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• 28 February

  UltraTech Cement to buy Jaiprakash Units for US$2.4bn

  

  New Delhi / Bloomberg UltraTech Cement Ltd, India’s largest cement producer, said it will buy units of Jaiprakash Associates Ltd., including equity and debt, for 165 billion rupees (US$2.4 billion). The deal will increase UltraTech’s capacity 33 percent to 90.7 million tons and give it access to newer markets in six Indian states, including Uttar Pradesh and Madhya Pradesh, the ...

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• 28 February

  Australia’s gold output hits 285 metric tonnes in 2015

  

  Sydney / Bloomberg Gold output in Australia, the world’s second-biggest producer, reached the highest in 12 years in 2015 as rising prices see miners revive mothballed operations. Full-year production was 285 metric tons last year, almost two tons more than in 2014 and the highest annual total since 2003, mining consultancy Surbiton Associates Ltd. said on Sunday in an e-mailed ...

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• 28 February

  Candidates ‘dead wrong’ on gloomy USA outlook: Buffett

  

  NEW YORK / Bloomberg Billionaire investor Warren Buffett, long an optimist about the nation where he made his fortune, rejected the economic pessimism dominating the 2016 U.S. presidential campaign and forcefully made the case for a bright future. “As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves ...

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• 28 February

  Caribbean’s fastest economy grows by 6% in 2016 on tourism

  Santo Domingo /Bloomberg The Dominican Republic’s economy is likely to expand by about 6 percent this year as construction and tourism continue to buoy one of the fastest-growing countries in the region, President Danilo Medina said in his annual address to Congress. Medina, who’s up for re-election, said the country’s $64 billion economy will again outpace that of Latin America, ...

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• 28 February

  Ted Cruz’s tax returns: $5 mn for 2011-14

  Bloomberg Senator Ted Cruz and his wife, Heidi, paid $1.5 million in federal income taxes from 2011 through 2014 on adjusted gross income totaling more than $5 million, according to partial tax returns released in e-mails to reporters by the Republican presidential candidate’s campaign. The couple’s average federal tax rate over the four-year period was 29.9 percent. But because the ...

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