February, 2017

• 18 February

  Singapore, Hong Kong restart dual-class push to snag IPOs

  

    Bloomberg Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive ...

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• 18 February

  ‘India’s growth will rebound after cash ban’

  

    Bloomberg India’s growth will bounce back after a sharp slowdown triggered by Prime Minister Narendra Modi’s clampdown on cash, said central bank Governor Urjit Patel. “Almost everyone agrees that the impact is going to be a sharp ‘V,’ that we would have a downgrade of growth for a short period of time,” Patel told CNBC-TV18 in an interview telecast ...

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• 18 February

  Coal-loving Indonesia investor doubles down after 39% gain

    Bloomberg Indonesian stock fund manager Agus Yanuar has trounced his peers and the Jakarta Composite Index over the past year by riding a rebound in commodity prices. Now, the chief investment officer at PT Samuel Aset Manajemen says he’s sticking to his guns. Yanuar’s SAM Indonesian Equity Fund has returned 39 percent in 12 months, more than double its ...

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• 18 February

  S’pore tourism slumps

    Bloomberg Singapore forecasts slower growth in tourist arrivals this year, citing global economic and political uncertainties and stiffer competition from neighbors in the region. Visitors may increase zero percent to 2 percent in 2017, according to the Singapore Tourism Board. Growth was 7.7 percent last year with a record 16.4 million tourists led by visitors from China, India and ...

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• 18 February

  New supercomputer aids climate change research

  

    Bloomberg A new supercomputer in the top coal-mining state has begun critical climate-change research with support from even some global warming doubters, but scientists worry President Donald Trump could cut funding for such programs. The $30 million, house-sized supercomputer named Cheyenne belongs to a federally funded research center. It got to work a few weeks ago crunching numbers for ...

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• 18 February

  Zuckerberg aims to remake a world Facebook helped create

  

    NEW YORK / AP Mark Zuckerberg helped create the modern world by connecting nearly a quarter of its citizens to Facebook and giving them a platform to share, well, everything — baby pictures and Pepe memes, social updates and abusive bullying, helpful how-to videos and live-streamed violence. Now he wants to remake it, too, in a way that counters ...

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• 18 February

  Next-gen antivirus shield against sophisticated security threats

  

    Emirates Business SecureWorks Corp. (NASDAQ: SCWX), a leading provider of intelligence-driven information security solutions, and Carbon Black, the leader in next-generation endpoint security, are teaming up to bring managed, next-generation antivirus (NGAV) protection to clients to block sophisticated security threats. As a part of SecureWorks’ advanced endpoint security solutions, SecureWorks will offer Advanced Endpoint Threat Prevention (AETP), a next-generation ...

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• 16 February

  Mubadala board endorses new structure

    ABU DHABI / WAM Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, announced that its Board of Directors, chaired by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and its vice-chairman, HH Sheikh Mansour bin Zayed Al ...

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• 16 February

  MoF, Burundi ink deal on avoidance of double taxation, investment protection

  

    ABU DHABI / WAM The Ministry of Finance (MoF) signed two final agreements on the avoidance of double taxation and the protection and promotion of investment with Burundi. The agreements came as part of the Ministry’s strategy to expand its international relations and to protect and promote Emirati investments. The agreement was signed by Obaid Humaid Al Tayer, Minister ...

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• 16 February

  DFM’s UAE listed firms show 100% compliance

    Dubai / WAM Dubai Financial Market (DFM) announced on Thursday that its UAE listed companies have shown a 100% compliance to disclose their preliminary results for the financial year 2016 within the deadline of 45 days from the end of the year in line with the regulations of the Securities and Commodities Authority (SCA). As much as 48 UAE ...

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