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Bloomberg Investors gave a resounding thumbs-down to the partial spinoff of Axa SA’s US business, dealing a blow to boss Thomas Buberl’s strategy for the French insurer. The sale of part of its US operations raised almost $1 billion less than the company had hoped for, and comes amid concern among shareholders at the $15.3 billion takeover of XL Group ...

Bloomberg 21st Century Fox Inc., Rupert Murdoch’s film and TV company, reported weaker earnings in its latest quarter, even as a looming deal to offload most of its entertainment assets took the focus off the results. Excluding some items, profit amounted to 51 cents a share last quarter, New York-based Fox said. That missed the average of analysts’ estimates of ...

Bloomberg Former Malaysian Prime Minister Najib Razak resigned on Saturday as head of his party and was slapped with a travel ban as he faces the prospect his successor reopens a probe into a multi-billion dollar scandal at a state fund. Najib announced he would step down as president of the United Malays National Organisation, and as chairman of the ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Wednesday, the “Exit Show 13” of the Students’ Graduation Projects of the College of Fine Arts and Design (CFAD) at the University of Sharjah (UoS). After cutting the ceremonial ribbon, the Ruler of Sharjah toured the four galleries of ...

Abu Dhabi / WAM ADNOC Downstream Investment Forum which will start in Abu Dhabi next week, is a step forward in ADNOC’s innovative initiatives that have been launched over the past two years aimed at providing added value to key companies, subsidiaries and the national economy in general. Ministers and other participants of the forum told the Emirates News Agency ...

Dubai / WAM The Dubai Chamber of Commerce and Industry on Wednesday hosted the UAE-Moldova Business Forum at its premises, which was attended by a high-level Moldovan delegation led by Chiril Gaburici, the country’s Minister of Economy and Infrastructure. The forum, organised in cooperation with Moldova Investment and Export Promotion Organisation, MIEPO, highlighted attractive trade and investment opportunities in Moldova, ...

Cairo / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, Chairman of the Board of Director of National Media Council (NMC), stated that the vision and directives of the UAE’s wise leadership emphasise moderation and tolerance while highlighting the importance of the role of the Arab media in raising awareness about all forms of hatred, extremism and ...

Bloomberg Vote counting is underway in Malaysia’s election in a contest that will determine whether Prime Minister Najib Razak’s ruling coalition can extend its 61-year run in power. Poll closed at 5 pm in Kuala Lumpur, and a winner may not be known until late in the evening. Turnout reached 69 percent as of 3 pm local time, according to ...

Bloomberg Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the matter, in a bid to safeguard its investment grade ratings. India’s top wireless operator plans to raise as much ...

Bloomberg Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss. Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the US website’s extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its ...