May, 2017

• 20 May

  Miral attracts 550 Emiratis to its ‘Ambassador Program’

  

  Abu Dhabi / Emirates Business Miral’s subsidiary, Farah Experiences, held at Ferrari World Abu Dhabi, the second open day of its Ambassador Program, a training program focused on encouraging Emirati talent to grow in the travel and tourism sector. The open day welcomed 550 Emirati candidates seeking to join the Ambassador Program to gain knowledge and experience in this high ...

  Read More »
• 20 May

  China’s big derivatives push aims at global pricing power

  

  Bloomberg China buys more raw materials than any nation, but that doesn’t mean it always gets the best prices. So the government is altering domestic commodity exchanges to bring in more foreign investors and expand the country’s influence on global markets. Two decades of rapid economic growth have left the world’s biggest population consuming more food, energy and metals than ...

  Read More »
• 20 May

  Singapore land gets $718mn bid from China buyers

  Bloomberg A residential plot in Singapore may fetch a record price for a government land sale, with a Chinese consortium putting in the highest bid at S$1 billion ($718 million). Logan Property (Singapore) Co. and Nanshan Group Singapore Co. submitted the highest bid in the Stirling Road land auction, according to a statement from the Urban Redevelopment Authority. The winning ...

  Read More »
• 20 May

  Steinmetz skips $1.2bn Vale hearing, risks loss

  

  Bloomberg Billionaire Beny Steinmetz’s mining company may be asked to pay as much as $1.2 billion to former partner Vale SA after choosing not to attend an arbitration hearing in London in a dispute over one of the world’s richest mineral assets, two people with knowledge of the case said. The decision by Steinmetz’s BSG Resources Ltd. to back out ...

  Read More »
• 20 May

  UK may switch to wheat imports after bad crop

  

  Bloomberg The UK may find itself in a rare position of becoming a net impo- rter of wheat this season. Imports have exceeded demand in recent months, and if that continues the nation could finish the season that ends in June as a net buyer, according to the Agriculture & Horticulture Development Board. That’s only happened three times in the ...

  Read More »
• 20 May

  Aston Martin weighs London IPO as soon as 2018

  

  Bloomberg Aston Martin may consider an initial public offering as early as next year as the British maker of James Bond’s cars seeks to capitalize on the success of Ferrari NV’s listing to lure investors, people familiar with the matter said. The century-old carmaker, whose owners include Investindustrial SpA, could list in London, said the people, who asked not to ...

  Read More »
• 20 May

  US startups fail to attract crowd of small investors

  Bloomberg It’s been a year since US rules went into effect enabling anyone — not just the ultra-wealthy — to buy a slice of a startup. Turns out, few are interested. Investors sprinkled about $38 million across 142 companies since May 2016 when Title III of the JOBS Act allowed equity crowdfunding for non-accredited investors, according to data from industry ...

  Read More »
• 20 May

  Trump’s domestic scams cast a cloud over his trip

  

  As President Trump embarks on his first overseas trip, he’s embracing the same defiant strategy adopted over a generation ago by an embattled predecessor, Richard Nixon. As scandal talks grow at home, Trump is licking his wounds, spurning his critics, and looking for approval from foreign leaders who admire him for being a tough guy. Trump’s combative early-morning tweets on ...

  Read More »
• 20 May

  China’s bond connect could see winners in both corners

  

  Unlike Hong Kong’s stock-trading links with Shanghai and Shenzhen, the bond connect between the former British colony and China may not be as slow to gain traction. The People’s Bank of China and the Hong Kong Monetary Authority this week unveiled plans to establish a mutual access program between the mainland and Hong Kong bond markets. Details on timing have ...

  Read More »
• 20 May

  Don’t scrap Nafta, try to improve it

  President Donald Trump has frequently denounced the North American Free Trade Agreement (Nafta), promising either to renegotiate it with extreme prejudice or terminate it altogether. On Thursday his administration served official notice that he is serious, notifying Congress that it intends to start negotiations with Canada and Mexico in 90 days. So Nafta is as good as doomed? Maybe not. ...

  Read More »