March, 2017

• 22 March

  Get Hong Kong insurers while they’re hot

  

    Psst… want a frothy sale price? Sell a Hong Kong insurance asset, but do it quick, before Chinese regulators cotton on to mainland firms paying over the odds for the best yuan hedge around. Take Hong Kong Life Insurance Ltd., a small firm that an investment company associated with China UCF Group Co., the conglomerate led by businessman Zhang ...

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• 22 March

  The less-tech-is-more business is coming

  

    Research on the so-called productivity paradox — declining productivity despite the ongoing technological revolution — abounds in explanations ranging from statistical error to theories predicting that a productivity leap is just around the corner. One possibility is conspicuously missing: Any positive effect digital innovation is having on productivity is offset by how counterproductively distracting and energy-draining its fruits have ...

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• 22 March

  DCCI helps businesses boost their global profile on Alibaba.com

  

    DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) recently kicked off its new ‘Learning by Doing’ series of training sessions designed to develop companies’ e-commerce skills and enhance their understanding of the benefits associated with trading on global business-to-business platform Alibaba.com. The first session, held recently at the Chamber’s premises, was attended by 12 local ...

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• 22 March

  DXB’s green initiatives reduce 2,224 tonnes of CO2 emissions

  

    Dubai / WAM Dubai Airports’ efforts to reduce its carbon footprint resulted in total energy savings of 5.17 million kWh in 2016 across Dubai International (DXB) and Dubai World Central (DWC), equivalent to powering 235 homes for a full year, the operator reported today. The report was issued just ahead of Dubai Airports’ participation in Earth Hour on March ...

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• 22 March

  Zeyoudi attends Lulu’s organic farm launch

  

    Abu Dhabi / Emirates Businesss His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, attended the launch of a new initiative by Lulu hypermarkets to promote the locally grown organic farm produce through their stores across the UAE. The initiative was inaugurated at Lulu Hypermarket in Mushrif Mall, Abu Dhabi, in the presence of ...

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• 22 March

  ADMAF signs LoC with UK’s Southbank Centre to nurture artistic excellence

    Abu Dhabi / WAM The Abu Dhabi Music and Arts Foundation (ADMAF) signed a Letter of Cooperation (LoC) with London’s Southbank Centre, the world’s largest festival site, home to the Royal festival Hall, Queen Elizabeth hall, Purcell Room and Hayward Gallery, and four world-class orchestras. Acknowledging common principles, goals and areas of common interest for joint collaboration in culture and ...

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• 22 March

  Asia trade talks chief warns against ‘new TPP’

  

    Bloomberg The chief negotiator of a 16-nation Asia trade pact expressed hope that talks can be concluded this year if member nations refrain from introducing elements of a separate deal derailed by US President Donald Trump. Iman Pambagyo, trade negotiating committee chief for the Regional Comprehensive Economic Partnership, said that governments had the political will to conclude the deal ...

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• 22 March

  China’s shadow banks hit by money market squeeze

  

    Bloomberg This week’s squeeze in Chinese money markets is proving especially painful for the country’s shadow banks. While interbank borrowing rates have climbed across the board, the surge has been unusually steep for non-bank institutions, including securities companies and investment firms. They’re now paying what amounts to a record premium for short-term funds relative to large Chinese banks, according ...

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• 22 March

  Japanese exports jump most in two years in February

  

    Bloomberg Japan’s exports rose the most in two years in February, after a lull in January that was due to the Lunar New Year celebrations in Asian trading partners. Exports rose 11.3 percent from a year earlier (median estimate 10.1 percent), according to government data. Imports increased 1.2 percent (estimate 1.3 percent). The trade surplus for February was 813.4 ...

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• 22 March

  Tencent profit misses estimates amid surging operating costs

    Bloomberg Tencent Holdings Ltd. posted fourth-quarter profit that missed analysts’ estimates amid a surge in costs and rising competition in the mobile gaming market. Net income rose 47 percent to 10.5 billion yuan ($1.5 billion) in the three months ended December, the Shenzhen-based company said on Wednesday. That compares with the 11 billion-yuan average of analyst estimates compiled by ...

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