March, 2017

• 27 March

  China’s Huishan had emergency creditor meeting before rout

  

    Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...

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• 27 March

  Dow-DuPont $77bn merger gets EU nod

  

    Bloomberg Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business. The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. ...

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• 27 March

  German business confidence increases to strongest since 2011

    Bloomberg German business sentiment climbed to the strongest since July 2011 in a sign that the economy is sustaining its momentum as revival in global trade trounces fears of rising protectionism. The Munich-based Ifo institute’s business climate index rose to 112.3 in March from a revised 111.1 in February. That beat the median estimate of 111.1 in a Bloomberg ...

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• 27 March

  ‘Driverless cars will be key opportunity for investors’

  

    Bloomberg Fund manager Elizabeth Soon is on the lookout for her third “a-ha” moment. If her latest theme pans out as well as the first two, investors should start looking at driverless car suppliers. So far, Soon’s moments of investor clarity in almost a decade at PineBridge Investments Asia Ltd. have been related to the smartphone — both of ...

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• 27 March

  Avaya debuts unified communications cloud service

    Emirates Business Avaya and Icosnet have announced a strategic partnership to jointly provide Unified Communications (UC) technologies from a cloud platform in Algeria. With growing demand for advanced connectivity and communications solutions, the new cloud-based offering will bring innovative technology consumption models to help drive digital transformation within organisations in the public and private sectors in this emerging market. ...

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• 27 March

  LG’s HDR technology TVs gain acclaim

  

    Emirates Business For the third consecutive year, the newest TV models from LG Electronics (LG) have been designated Netflix Recommended TVs by the global internet TV company that popularized streaming. The evaluation program recognizes TVs that deliver excellent Netflix performance and superb viewing experience. LG’s TVs passed a strict evaluation process based on factors that matter most to consumers, ...

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• 27 March

  Red Hat announces agenda, keynote speakers for 2017 summit

  

    Emirates Business Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, announced the agenda and keynote speakers for Red Hat Summit 2017, the industry’s premier open source technology conference. The 13th annual Red Hat Summit is expected to welcome thousands of attendees from around the world to the Boston Convention and Exhibition Center, May 2-4. ...

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• 26 March

  Immigrants are making US economy stronger

  

    Immigration is the topic of the day. The political right, after once embracing a laissez-faire policy toward immigration — President Ronald Reagan signed an amnesty for undocumented immigrants and President George W Bush tried unsuccessfully to do the same — appears to want to choke off the inflow of newcomers. Even legal immigration is being targeted for reduction. This ...

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• 26 March

  UK investors have too much faith in their government

  

    The UK government will soon invoke Article 50 of the Lisbon Treaty to begin divorce proceedings from the European Union. The Scottish government is seeking to hold a second independence referendum before Brexit talks wind up. An otherwise uneventful Bank of England meeting had one interest-rate dissenter with others potentially sympathetic as inflation stirs. But if you look at ...

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• 26 March

  What Trump’s SEC pick needs to explain!

  

    When Donald Trump announced that he would nominate Wall Street lawyer Jay Clayton to lead the Securities and Exchange Commission, he cited the need to “undo many regulations which have stifled investment in American business.” At Clayton’s confirmation hearing this week, senators should ask exactly what that means. Scrutiny of Clayton has so far focused on his close ties ...

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