November, 2016

• 24 November

  Bank of Singapore to open branch in Dubai

    DUBAI / Reuters Bank of Singapore, a unit of Oversea-Chinese Banking Corp, said on Tuesday it had received a licence to open a branch in Dubai International Financial Centre (DIFC) as it aims to tap demand from wealthy individuals in the Middle East. The bank said the licence allows it to conduct private banking including investment, credit and wealth ...

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• 24 November

  Citi sells first Egypt-tied notes after IMF loan

  

    Bloomberg Here’s another sign investors are growing more bullish on Egypt, which has interest rates of about 15 percent and a fresh loan from the International Monetary Fund under its belt: Citigroup Inc. is selling the first structured notes tied to the nation’s sovereign debt in six years. The New-York based bank plans to issue 305 million Egyptian pounds ...

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• 24 November

  Credit Suisse raises $2bn for hedge fund stakes

  

    Bloomberg Credit Suisse Group AG is courting investors to raise as much as $2 billion for a fund that will buy stakes in hedge-fund firms, according to two people with knowledge of the matter. The Zurich-based bank’s Anteil Capital Partners unit will aim to buy minority stakes in 10 to 12 money managers, the people said, asking not to ...

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• 24 November

  Hands-on toys that teach are hot

  

    NEW YORK / AP Toys that teach aren’t a new thing, but a growing number are calling for kids to build with blocks, circuits or everyday items before reaching for a tablet screen. Play is how kids learn about the world around them, whether it’s a toddler throwing a ball or teens playing video games. It’s about seeing how ...

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• 24 November

  Toyota says new technology means longer battery life

  

    TOKYO / AP Toyota Motor Corp. has developed a new way of observing the movements of tiny particles in batteries used to power electric vehicles — an advance it says will help boost their cruise range by 10 percent to 15 percent. Toyota engineer Hisao Yamashige explained to reporters on Thursday at the Japanese automaker’s Tokyo office the complex ...

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• 24 November

  Chinese travel site Ctrip.com to buy Britain’s Skyscanner

  

      BEIJING / AP China’s biggest online travel service Ctrip.com is buying Skyscanner i n a deal that values the British travel search site at 1.4 billion pounds ($1.7 billion). The deal announced Thursday adds to a string of global acquisitions by Chinese companies in search of technology, brands and access to foreign markets. Ctrip.com International Ltd. said the ...

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• 24 November

  Sweat it out! Skin patch aims to test sweat for health

  

    WASHINGTON / AP Breaking a sweat? Researchers are creating a skin patch that can test those droplets while people exercise and beam results to their smartphones, possibly a new way to track health and fitness. The experimental gadget goes well beyond activity monitors like the Fitbit. A little larger than a quarter, it’s almost like a tiny lab stuck ...

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• 24 November

  Phonemakers asked to alter devices to cut driver distraction

  

    Bloomberg U.S. highway safety officials called on smartphone makers to add features that would keep motorists from using functions linked to a surge in deaths due to distracted driving, a proposal that drew immediate opposition from the electronics industry. The voluntary guidelines proposed Wednesday asked device makers to take steps such as blocking some video displays and preventing manual ...

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• 23 November

  SMEs are backbone of UAE economy

    Abu Dhabi / NEW DELHI / WAM The UAE reviewed the steps it has taken so far to further promote entrepreneurship environment and highlight opportunities of building economic and business partnerships that support small and medium entrepreneurs (SME) to penetrate into new markets at regional and international levels. This came during the panel discussion themed ‘Global Partnership Opportunities for ...

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• 23 November

  Etihad Airways sets final size of five-year sukuk at $1.5 billion

    DUBAI / Reuters Etihad Airways has set its planned five-year sukuk at $1.5 billion, the upper end of an expected range of $1.25 billion to $1.5 billion, banks leading the transaction said on Wednesday. The UAE airline set the final spread for its debut Islamic debt issuance at 210 basis points over midswaps, after one bank involved said on ...

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