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Bloomberg India’s southwest monsoon, which waters more than half of the country’s farmland and is crucial for growth in Asia’s third-largest economy, is expected to be normal this year. Annual rain between June and September is likely to be 97 percent of a 50-year average, the India Meteorological Department said. The forecast has a margin of error of 5 percent, ...

Bloomberg The plot to reverse Brexit is missing a key ally: UK business. Companies have been among the most outspoken critics of the split from the European Union, and many have much to lose from the divorce. But as a group of lawmakers tries to engineer a second referendum, business leaders are recoiling. Worse than Brexit is prolonged uncertainty. “Business ...

Bloomberg Sanofi plans to sell its European generic-drug unit to buyout firm Advent International Corp. for 1.9 billion euros ($2.4 billion) as part of a broader move by Chief Executive Officer Olivier Brandicourt to focus resources on biotechnology and new medicines. Advent has made a binding and fully financed offer, and the companies are in exclusive negotiations, Paris-based Sanofi said ...

Reuters UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat Wall Street estimates, fuelled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year. Shares of UnitedHealth rose 1.3 percent to $233.25 in premarket trading. The largest US health insurer has been adding more physicians through a series of acquisitions, helping ...

DHAHRAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has expressed his appreciation for the generous care and guidance provided by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, to ensure the success of the Joint Gulf Shield I military ...

Dubai / Emirates Business Dubai Airport Freezone Authority (DAFZA) has hosted new roadshows in New Delhi and Bangalore in India under the overarching theme of ‘Gateway to Growth’. The events highlighted the attractive investment opportunities that DAFZA has created for international businesses, with the aim of increasing Foreign Direct Investment (FDI) from India to Dubai, in line with Dubai Plan ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), on Tuesday announced its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities at the ADNOC Downstream Investment Forum, in Abu Dhabi, from May 13-14. ADNOC’s downstream strategy will act as a key catalyst to Abu Dhabi’s ...

Abu Dhabi / Emirates Business Abu Dhabi’s Department of Economic Development (DED) has announced support for the Startup Hub at RDPETRO, the largest oil and gas conference in the world fully dedicated to research and development, to be held on May 9-10 in Abu Dhabi. This is especially significant as 2018’s conference will have a particular focus on tech start-ups ...

Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter. The women-focussed online retailer hosted a bake-off ...

Bloomberg In the race to build cars with digitally connected services — such as ordering coffee on the dashboard display — Toyota Motor Corp. and Nissan Motor Co. risk being held back by their home market. In contrast to vehicle buyers in the US and Europe, Japanese consumers are reluctant to pay for such features. That’s resulted in only 10 ...