December, 2019

• 23 December

  Dubai entities sign deal to boost exports, foreign trade

  

  Dubai / Emirates Business The Dubai Free Zones Council (DFZC) on Monday signed a Memorandum of Understanding (MoU) with Dubai Exports in a bid to boost business opportunities, foreign trade and the volume and value of exports. The MoU aims to reinforce Dubai’s position as a global destination for quality exports from various economic and service sectors, and free zones ...

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• 23 December

  BJP suffers big defeat in state polls adding to Modi’s woes

  

  Bloomberg India’s Prime Minister Narendra Modi’s political troubles deepened with his Bharatiya Janata Party lost control of the mineral-rich eastern state of Jharkhand in poll results out Monday. The results come as the government struggles to contain growing nationwide protests against a new federal religion-based citizenship law that’s seen at least 24 people killed in clashes between police and demonstrators. ...

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• 23 December

  Netflix price cuts are heating up streaming battle in India

  

  Bloomberg Netflix Inc and its rivals are facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming. The country’s three wireless carriers hiked data tariffs by as much as 41% earlier this month, leaving some ...

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• 23 December

  JD logistics eyes IPO to raise up to $10 billion

  Bloomberg JD.com Inc’s logistics unit is in early discussions with banks about raising $8 billion to $10 billion through an overseas initial public offering, Reuters reported. JD Logistics is targeting a valuation of at least $30 billion in a Hong Kong or New York IPO in the second half of 2020, Reuters cited unidentified people as saying. The company, which ...

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• 23 December

  Holiday demand boosts China’s meat imports

  

  Bloomberg China’s meat imports surged to a record in November, with buyers in the world’s top hog consumer stepping up purchases ahead of traditional holidays to boost supplies that were hurt by African swine fever. Beef purchases were 186,984 tons last month, up nearly 80% from a year earlier. Shipments rose 57% to 1.5 million tons in the January-November period. ...

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• 23 December

  Warburg-backed ESR mulls REIT IPO of Korean assets

  

  Bloomberg Logistics real estate developer ESR Cayman Ltd is considering an initial public offering of a real estate investment trust consisting of South Korean assets, people familiar with the matter said, weeks after it raised $1.8 billion in a Hong Kong listing. The Warburg Pincus LLC-backed company recently invited banks to pitch for the potential share sale in South Korea, ...

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• 23 December

  Vietnam-linked hacking group hits Toyota, other companies

  

  Bloomberg A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese government and known as APT32, has ramped up its cyber-espionage, particularly in southeast Asia, ...

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• 23 December

  Pakistan is planning tax breaks for some sectors in new policy

  

  Bloomberg Pakistan is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, an adviser to prime minister Imran Khan said. Engineering, chemicals, technology and footwear are among 20 sectors identified for incentives, Abdul Razak Dawood, the commerce and investment adviser to the prime minister, said in an interview in Islamabad. ...

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• 23 December

  China vows more support for private sector to stabilise growth

  

  Bloomberg China unveiled its latest slate of measures designed to bolster private-sector businesses as policy makers double down on efforts to support what is by far the country’s largest source of jobs. The steps announced by the State Council, China’s cabinet, aim to help private firms gain better market access and equal regulatory treatment as their state-owned peers. Among actions ...

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• 23 December

  US futures edge higher ahead of holiday break

  

  Bloomberg Stocks in Europe edged higher on Monday along with US equity-index futures, with volumes subdued as investors count down to the holiday break. Ten-year Treasuries and the dollar were steady. Healthcare stocks led the modest advance on the Stoxx Europe 600 index after Friday’s record-high close. Contracts on the S&P 500 climbed after the underlying index logged its biggest ...

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