August, 2016

• 28 August

  Saudi Arabian stocks lead Gulf gains as oil offsets Fed concern

  

    Bloomberg Saudi Arabian stocks led gains across Gulf equities as an advance in the price of oil helped offset investor caution over the timing of U.S. interest-rate increases. Saudi Arabia’s Tadawul All Share Index rose 1.6 percent, its first increase in six days and biggest climb since April 25. Qatar’s QE Index added 0.6 percent. The Bloomberg GCC 200 ...

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• 28 August

  Emerging stocks post first weekly drop since July on Fed timing

    Bloomberg Caution rippled through emerging markets on Friday as traders weighed the impact on risk assets from comments by Federal Reserve policy makers about the timing of an interest-rate increase in the U.S. Assets from developing-nation currencies to global stocks gyrated after Fed Chair Janet Yellen spoke to central bankers and economists in Jackson Hole, Wyoming. While she didn’t ...

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• 28 August

  India to seek $15bn to double mining output

  

    Bloomberg India expects to woo 1 trillion rupees ($15 billion) of investment over five years to double mining output and cut mineral imports. The government’s goal is to fast-track exploration, including upfront payments for discovered deposits when the mines are auctioned, Mines Minister Piyush Goyal said in an interview. The administration will invite foreign companies to participate, he said, ...

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• 28 August

  Sinopec profit slips as oil crash drags down refining gains

  

    Bloomberg China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals. Net income dropped to 19.9 billion yuan ($3 billion), the Beijing-based company known as Sinopec said in a statement ...

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• 28 August

  Asia exports show little recovery amid global slump

  

    Bloomberg Signs of life returning to Asian trade have stirred up some optimism of a recovery, but a closer look at the data coming out of the region indicates the malaise is far from over. While export figures from Malaysia and Thailand showed surprising strength in June, trade continues to contract across most of Asia in the face of ...

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• 28 August

  China turns to free markets to tame fossil-fuel pollution

  

    Bloomberg There are at least three good reasons why China is likely to succeed in starting the world’s biggest carbon-trading market when its efforts to limit pollution kick in next year. The government wants to put a cost on emissions of toxic smog to control pollution in industrial cities, starting with Beijing. The market may trade as much as ...

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• 28 August

  Auto, aerospace sectors warm up to 3D printing

  

    Eden Prairie / AFP New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries. One application demonstrated by 3D printing machinery maker Stratasys would allow airlines to pick made-to-order airplane interiors that could be tweaked with the click ...

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• 28 August

  Line hunts for acquisitions with $1.3bn IPO war chest

  

    Bloomberg Line Corp. plans to use part of the $1.3 billion it garnered from last month’s initial public offering to bankroll acquisitions of content and technology, transforming its messaging service into a one-stop shop for Asian social media users. Japan’s most popular messaging service is gunning for companies in areas ranging from artificial intelligence chatbots and advertising to video ...

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• 28 August

  FB takes first step towards making money from WhatsApp deal

    Bloomberg Facebook Inc. is laying the groundwork for its free messaging service WhatsApp to begin making money, easing its privacy rules so data can be used for Facebook advertising and allowing businesses to message its more than one billion users. It’s the first step toward monetizing the platform since the social network’s Chief Executive Officer Mark Zuckerberg paid $22 ...

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• 28 August

  Apple to plan iPhone for Japan with tap-to-pay for subways

  

    Bloomberg Apple Inc. is planning a new iPhone feature for Japan that will enable users to pay for mass-transit rides with their smartphones instead of physical payment cards. A future iPhone will include technology called FeliCa, a mobile tap-to-pay standard in Japan developed by Sony Corp., according to people familiar with the matter. The FeliCa chip will let customers ...

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