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Bloomberg HP Inc.’s shares declined as much as 13 percent after the company warned that sales for its high-margin printer supplies business would fall for the rest of the year, presenting a setback for its effort to boost profitability. HP printer supplies revenue will decline 3 percent for the rest of 2019, driven by weaker demand in Europe, the Middle ...

Bloomberg President Donald Trump’s pledge to his rural agricultural base to allow year-round sales of higher blends of ethanol is spurring differing opinions between two key federal agencies. US Agriculture Secretary Sonny Perdue told lawmakers in a House hearing that a final rule to allow widespread sales of those higher blends “won’t happen” by the summer-driving season following delays from ...

MANAMA / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met His Majesty King Hamad bin Isa Al Khalifa of Bahrain at Al Sakhir Palace in Manama. The meeting discussed boosting the historic fraternal ties between the UAE and the Kingdom of Bahrain in various aspects for the ...

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) on Saturday announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products, Aluminium Futures and Zinc Futures, will go live March 22. The new products will provide investors with an opportunity to ...

Abu Dhabi / WAM The 9th UAE Conference on Small and Medium Enterprises & Innovation was held in Dubai in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Chairman of the UAE SME Council. Al Mansouri emphasised that the UAE’s progress in accelerating the establishment of a robust SME sector according to highest standards stands out ...

HAJAR / WAM Up to 14,000 eligible Yemenis have benefitted from 2,000 baskets holding 160 tonnes of foodstuffs that have been distributed by the Emirates Red Crescent (ERC) among underprivileged households in the Hajar district in Hadramaut Governorate, as well as in Al Modharaba and Raas Al Aara districts in Lahej. The new aid consignment falls within the continuing efforts ...

Bloomberg Juan Guaido’s first stop after he skipped out of Venezuela last week was Colombia. But after he failed to push food and medicine across the borders to hasten the end of autocratic President Nicolas Maduro’s rule, he headed to Brazil. Now, he’s in Argentina following meetings in Paraguay, and is expected to head to Ecuador on Saturday to be ...

Bloomberg India’s economy slowed considerably last quarter, with little signs of a quick recovery amid rising political tensions with neighboring Pakistan and weaker global demand. Gross domestic product (GDP) rose 6.6 percent in the three months to December from a year ago, lower than the 6.7 percent median estimate in a Bloomberg survey and down from a revised 7 percent in ...

Bloomberg Malaysia plans to halt all expansion of oil palm plantations this year as it seeks to dispel the oil’s reputation as a driver of deforestation. The world’s second-largest producer will cap the area at around 6 million hectares, Minister of Primary Industries Teresa Kok said in an interview. That’s up from 5.85 million hectares at the end of last ...

Bloomberg Donald Trump might have to drop tariffs on steel and aluminum if he wants his new North American trade deal to see the light of day. US lawmakers and business groups are joining Canada and Mexico in pushing the president to lift the so-called Section 232 levies on those nations as, essentially, a condition of enacting the trade deal ...