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Bloomberg Singapore is giving liquidators of insolvent companies a new tool to retrieve funds for bondholders and other creditors. Court-appointed managers will now be able to seek funding from investors unrelated to the case to pay the cost of pursuing claims, in exchange for part of the proceeds. That change came under the Insolvency, Restructuring and Dissolution Act, which was ...

Bloomberg Paul Shekoski thinks he presented a good case why the weather stations and other products his company makes in China should be spared from President Donald Trump’s tariffs. As a small-scale employer, he’s not optimistic he will win. Shekoski, chief executive of the Primex Family of Companies in Lake Geneva, Wisconsin, is among the hundreds of US companies filing ...

Bloomberg Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project may conflict with its corporate values. The project, known as the Joint Enterprise Defense Infrastructure cloud, or JEDI, involves transitioning massive amounts of Defense Department data to a commercially operated cloud system. Companies are due to ...

Bloomberg Microsoft Corp. will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services. Under the five-year deal, the companies will collaborate on technologies including big data, artificial intelligence and connected car platforms. Grab counts Amazon Web Services among its existing cloud suppliers and has worked in the ...

Bloomberg Secretary of State Michael Pompeo flew to Asia to shore up a weakening sanctions regime on North Korea, nail down a date for a future summit between Donald Trump and Kim Jong-un and assuage Chinese officials days after Vice President Mike Pence lambasted their country. Things didn’t go as planned. Instead, Pompeo found himself facing the limits of his ...

DUBAI / WAM The 20th Water, Energy, Technology and Environment Exhibition (Wetex 2018), will cover an area of 78,413 square metres with the participation of more than 2,100 exhibitors from 53 countries. The announcement was made by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa), and Founder and Chairman of Wetex, during a ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Monday inaugurated the Dubai Investment Week 2018, hosted by Dubai FDI, the investment development agency of the Department of Economic Development (DED). Organised under the theme ‘Investing in Future Transformations,’ the event explores the prospects for strengthening local and international partnerships for ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations opened on Monday at the Abu Dhabi National Education Centre (Adnec). The two-day event kicked off with an ...

Dubai / WAM Mohammed bin Rashid Housing Establishment (MRHE), has called on companies in the real state sector to participate in the second housing, building materials, decoration and engineering consultancy exhibition, Decobuild 2018, to take place from November 7-10 in Dubai. The Establishment is encouraging companies that specialise in building and construction materials, contracting companies, engineering consulting firms, interior design ...

Bloomberg Chinese investment in Australia plunged 40 percent in 2017 from the year before, according to research released on Monday. After peaking in 2016 at A$14.9 billion ($10.5 billion), investment from Chinese companies last year slumped to A$8.9 billion, according to the Australian National University database. In 2017, Chinese deals in Australia’s mining sector accounted for just over half of ...