May, 2019

• 21 May

  Sky is the limit for Emirati female doctor Nadia Bastaki

  

  Abu Dhabi / WAM Dr Nadia Bastaki, the first Emirati woman to be registered as a specialist in aviation medicine, has achieved her lifelong ambition and has become involved in the UAE space programme, conducting medical tests for UAE astronauts. “In partnership with the Mohammed bin Rashid Space Centre, I have participated in conducting medical tests for the team chosen ...

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• 21 May

  Centrica maintains outlook as customer defections slow

  

  Bloomberg Centrica Plc kept its full-year outlook and said the rate of customers leaving the UK’s biggest energy supplier is slowing. Shares rose the most since September. The utility still sees adjusted operating cash flow for the full year of between 1.8 billion pounds ($1.38 billion) and 2 billion pounds, it said in a trading statement. Centrica lost 234,000 energy ...

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• 21 May

  Xinyi Energy raises $465 million in IPO

  Bloomberg Xinyi Energy Holdings Ltd., a Chinese solar farm operator, raised $465 million after pricing its Hong Kong initial public offering near the bottom of a marketed range, people with knowledge of the matter said. The unit of Xinyi Solar Holdings Ltd. sold 1.88 billion shares at HK$1.94 apiece, the people said, asking not to be identified because the information ...

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• 21 May

  Singapore lone bright spot in Asia property slump

  

  Bloomberg Commercial property deals in Asia had a poor start to the year, but there was one bright spot: Singapore. Commercial property transactions in the city-state jumped 72% year-on-year to $1.9 billion in the quarter ended on March 31, boosted by deals in the office, retail and industrial sectors, according to a report by New York-based Real Capital Analytics Inc. ...

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• 21 May

  US soy exporters losing Chinese market share

  Bloomberg It’s increasingly unlikely that American farmers will fully regain their share of the lucrative Chinese soybean market, a US industry group said. US exports of the oilseed to the biggest importing nation have plunged in the year since the world’s two largest economies begin tit-for-tat tariffs. “The longer we are out of the China market, the likelihood is that ...

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• 21 May

  China faces new competition as Japan, India eye Lankan port

  

  Bloomberg India, Japan and Sri Lanka are weighing the development of a terminal at the bustling port of Colombo in a country that’s seen ongoing political controversies related to investments from China’s Belt and Road initiative. The three countries are set to sign a memorandum of understanding in the coming months to build out the east container terminal at the ...

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• 21 May

  Thai economy falls to weakest since 2014

  

  Bloomberg Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8 percent from a year ago, down from a revised 3.6 percent in the fourth quarter, the National Economic and Social Development Council said. That’s the slowest pace since the end of ...

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• 21 May

  Japan auto group ‘disappointed’ by Trump’s stance on imports

  

  Bloomberg The Japan Automobile Manufacturers Association said it is “profoundly disappointed” by US President Donald Trump’s declaration that imported vehicles and parts threaten national security, echoing a statement made just days ago by Toyota Motor Corp. Although the comments are unusually strong, the source is no surprise: Toyota President Akio Toyoda is also chairman of JAMA, the influential trade group. ...

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• 21 May

  Huawei ban clouds world’s growth outlook

  

  Bloomberg US restrictions on China’s telecom giant Huawei threatens to snuff out a nascent recovery in semiconductor demand, a key driver of economic growth in technology powerhouses including South Korea and Taiwan. China dominates purchases from Asian semiconductor exporters and bought 51 percent of their exports in 2017, according to analysis by Citigroup Inc economists Jin-Wook Kim and Johanna Chua. ...

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• 21 May

  Oil firms join lobbying push for US carbon tax

  

  Bloomberg Oil companies, automakers and consumer products manufacturers will unleash a campaign for a US tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each to the Americans for Carbon Dividends advocacy campaign, underwriting its efforts to persuade Congress to ...

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