February, 2019

• 13 February

  ‘China’s slowdown isn’t hurting it all that much’

  

  Bloomberg Alibaba Group Holding Ltd. Vice Chairman Joseph Tsai said the e-commerce giant has experienced limited impact from China’s broader economic slowdown as more and more business moves to the internet. “Our business is delinked” from Chinese economy because “we’re in e-commerce and we’re digitizing the whole sector,” Tsai said in San Francisco. Tsai said the company’s growth would continue …

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• 13 February

  Cole Haan stirs debt investor love for ‘1928 shoe brand’

  

  Bloomberg Cole Haan’s most recent debt offering shows investors will still lend to at least some aging clothing brands. The footwear company is a bright spot in an industry that’s been marred by failures — Nine West is mired in bankruptcy while Payless is preparing to file for a second time. But Cole Haan, a brand that dates back to …

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• 13 February

  Air France-KLM’s Dutch arm goes to battle over Elbers’s fate

  Bloomberg Long simmering tension within Air France-KLM erupted into the open after managers at Dutch arm KLM warned of possible strikes and employee unrest should Pieter Elbers be removed as head of the unit. “The possibility of an unexplainable, involuntary departure of our CEO brings a lot of tension in the workforce,” a group of managers wrote in a letter …

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• 13 February

  Stocks advance as trade hopes grow; dollar steady

  

  Bloomberg Stocks extended gains around the globe on Wednesday after President Donald Trump signaled a more conciliatory stance towards China, fueling hopes of a breakthrough in the trade war when talks get underway later in the week. The dollar edged higher along with Treasuries. Futures on the S&P 500, Nasdaq and Dow Jones climbed as investors awaited earnings reports from …

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• 13 February

  China’s high-stakes bid to boost stocks risks stoking bubble

  

  Bloomberg Beijing is walking a tightrope between reviving its downbeat equity market and engineering another bubble. China’s securities regulator has started to remove many of the curbs designed to keep out speculators, signaling an end to the highly restrictive era that started when a boom in the country’s stocks turned to bust in 2015. The result has been an intensifying …

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• 12 February

  Sharjah realty deals hit $6.13bn in 2018

  

  SHARJAH / WAM The real estate sector in the Emirate of Sharjah has seen a big boom with 54,125 transactions valued at AED22.5 billion ($6.13 billion) in 2018, as per the annual realty transactions report revealed by the Sharjah Real Estate Registration Directorate. The real estate deals sealed last year covered over 52 million square feet, while the mortgages transactions …

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• 12 February

  UAE-Slovakia deal to advance ICT cooperation

  Dubai / WAM Richard Rasi, Deputy Prime Minister of the Slovak Republic for Investment and Information, shared prospects for cooperation between his country and the UAE during his participation in WGS. “We have more than 150 Slovak companies operating in the UAE and we are looking forward to further cementing our collaboration”, Rasi said.

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• 12 February

  Stocks rise, bonds slip on shutdown, trade hopes

  

  Bloomberg Stocks across Europe and Asia advanced and US futures rose after news emerged of a tentative deal among American lawmakers to avert another government shutdown. Treasury yields climbed. Carmakers led the advance in the Stoxx Europe 600 Index, while contracts on the Dow, Nasdaq and S&P 500 all pointed to a firmer open. The dollar held on to most …

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• 12 February

  Traders with $515bn boycott stocks for cash

  Bloomberg Investors with $515 billion surveyed by Bank of America Merrill Lynch aren’t convinced by the new-year equity rally and prefer cash to stocks. Global equity allocations in February fell to the lowest level since September 2016, according to BofA, even as the MSCI All Country World Index is up almost 8 percent in 2019. That indicates a deep lack …

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• 12 February

  Plus500 dips after revealing dependence on bad bets

  Bloomberg Plus500 Ltd., sponsor of Spanish soccer team Atletico Madrid, plunged after the broker revealed how much it has cushioned the blow of new rules with profits from customers’ bad wagers. It also warned 2019 earnings will take a hit. The London-traded company recorded a $56 million trading gain by taking the other side of clients’ bets during the fourth …

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