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Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local ...

Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila ...

Bloomberg Britain’s productivity malaise may find a solution from the unlikeliest of places—Brexit. Poor productivity has long been the bane of the UK, with output per worker far below the Group-of-Seven average and successive predictions for a recovery since the financial crisis failing to materialise. Still, according to UBS Wealth Management economist Dean Turner, Britain’s exit from the European Union ...

Bloomberg Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there. “We would be very interested in evaluating an offer that begins with an 8,” said Daniel O’Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund, which owns Qualcomm stock. The board ...

Bloomberg London’s iconic red double-decker buses will soon run on a biofuel partially made from old coffee grounds. The fuel will be supplied by a demonstration project set up by Bio-bean Ltd., a London-based company that joined with Royal Dutch Shell Plc on the initiative. It will produce 6,000 litres a year of the fuel. “It’s got a high oil ...

Bloomberg German Chancellor Angela Merkel’s bid to form a new government failed, raising the prospect of fresh elections in Europe’s largest economy and casting doubt on the future of its longest-serving leader. A month of coalition talks collapsed in dramatic fashion just before midnight on Sunday as disputes among a grab-bag of disparate parties over migration and other polices led ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the wedding reception of Sheikh Tahnoon bin Saeed bin Saif bin Mohamed Al Nahyan to the daughter of His Highness Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE President, at ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has stated that achieving the well-being and happiness of the UAE’s people is a top priority. His Highness’ remarks came during a Dubai Executive Council meeting held today, with H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, inaugurated the third edition of the ‘Smart Life’ exhibition at the Emirates Hospitality Hall in Ajman, in the presence of HH Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department and Deputy Chairman of the Board of Directors ...

DUBAI / WAM Over 2,500 participants, representing more than 55 nationalities from various food-related entities are participating in the 11th Dubai International Food Safety Conference which opens at the Dubai International Convention and Exhibition Centre on Sunday. Hussain Nasser Lootah, Director-General of Dubai Municipality, inaugurated the conference in the presence of the members of the Board of Directors of UAE ...