February, 2016

• 29 February

  Japan factory output rises for first time in 3 months

  

  Tokyo / AFP Japan has posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes. The upbeat figures — a 3.7 percent rise on-month in January — comes as investors look for clues about the state of the world’s number three ...

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• 29 February

  AirAsia, AirAsia X gain after returning to quarterly profit

  

  Kuala Lumpur / Bloomberg Low-cost carriers AirAsia Bhd. and AirAsia X Bhd. surged in Kuala Lumpur trading after cheaper fuel and a weaker ringgit helped the airlines return to profit in the fourth quarter. Long-haul carrier AirAsia X rose 11 percent to 25.5 sen, after advancing as much as 13 percent, its largest gain on record. AirAsia, Southeast Asia’s biggest ...

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• 29 February

  Price hikes doubled average drug rate over seven years

  

  TRENTON / AP The average cost for a year’s supply of a prescription drug doubled in just seven years to more than $11,000 — about three-quarters of the average annual Social Security benefit. That’s according to the latest study of price trends for widely-used drugs conducted by AARP, the senior citizens advocacy group. It finds prices for existing drugs, driven ...

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• 29 February

  Qantas returns from junk-bond purgatory with Moody’s upgrade

  

  Canberra / Bloomberg Qantas Airways Ltd.’s credit rating has been upgraded by Moody’s Investors Service, ending the Australian carrier’s more than two-year spell as a junk-rated credit. The Sydney-based airline was raised one level to Baa3 by Moody’s, which had stripped it of investment-grade status back in January 2014. The move by Moody’s, which now has a stable outlook on ...

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• 29 February

  Penney shares up after upbeat outlook

  

  NEW YORK / AP JC Penney Co. delivered strong fourth-quarter results, wrapping up a year when it stole market share from rivals. The company, based in Plano, Texas, offered an upbeat sales outlook, as efforts to spruce up its merchandise are winning over shoppers. It also pledged that it would return to a profit this year, on an adjusted basis. ...

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• 29 February

  Mexico’s once mighty Pemex oil firm faces bleak future

  

  AFP Mexico’s state-run firm Pemex is bracing for massive budget cuts as it battles to avoid a bleakfuture mired in tumbling oil prices, falling production and rampant fuel thefts. President Enrique Pena Nieto has implemented an energy reform that ended the company’s seven-decade monopoly of the energy industry but also sought to inject new life into Pemex through partnerships with ...

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• 29 February

  Brexit may send British wardrobe costs soaring

  

  Bloomberg It’s not just your financial investments that Brexit might hit. A British departure from Europe could be bad for your wardrobe too. The European Union membership debate has already hit the pound, sending it to its worst week against the dollar since 2009. Analysts have warned it could get worse, with Goldman Sachs Group Inc. saying a vote for ...

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• 29 February

  Punching power into UAE’s trade shows

  

  Sunaina Rana / EMIRATES BUSINESS International Expo-Consults LLC (IEC), a leading international trade show organiser in the Middle East is based in Dubai, the heart of United Arab Emirates(UAE). For over a decade, IEC has played a key role in delivering the power of business shows in stimulating regional and international trade through the UAE. The professional expertise of IEC ...

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• 29 February

  Double A: Sustainable production, superior quality

  

  Our Correspondent / EMIRATES BUSINESS Double A, Public Company Limited, a fully integrated pulp and paper mill, was incorporated in 1991. Having its office located at Jafza South, Dubai, the company has it’s roots in Thailand’s central plains in the province of Prachinburi. The mill began operating in 1995 and has an annual capacity of 600,000 tonnes of pulp and ...

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• 28 February

  Our goal is to expedite progress

  

  Abu Dhabi / wam The UAE’s newly-reshuffled Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Sunday for the first time and discussed government-related issues. His Highness Sheikh Mohammed bin Rashid said the UAE Government, under the leadership of His Highness Sheikh Khalifa ...

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