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Bloomberg China’s bond market may be the world’s third largest, but when it comes to luring foreign investors, Beijing has a long road ahead. Norges Bank Investment Management, steward of the world’s largest sovereign wealth fund, proposed last week to limit its benchmark index for bond holdings to just three currencies — dollar, euro and sterling. The role of its ...

Bloomberg Hurricane Irma smashed into Florida as a powerful Category 4 storm, driving a wall of water and violent winds ashore and marking the first time since 1964 the U.S. was hit by back-to-back major hurricanes. The eye of the storm moved over the lower Florida Keys at about 9 a.m. on Sunday with top winds of 130 miles (209 ...

Bloomberg You don’t need to tell UK nurses what this week’s inflation and wage data will show. They say their living standards have been squeezed for seven years, and now it’s reached crisis point. With reports from the Office for National Statistics set to show pay continuing to lag price growth in Britain, nurses are just the latest group of ...

KIEV / Reuters Ukraine might lose its second largest wheat export market, Egypt, due to new wheat import requirements that favour rival Russia, Ukraine’s acting agriculture minister said. Ukraine exported around 2.5 million tonnes of wheat to Egypt in the 2016/17 season, or about 14 percent of the country’s total wheat exports of 17.5 million tonnes, according to consultancy UkrAgroConsult. ...

Bloomberg Japan backed a US push for the United Nations Security Council to vote on Monday on fresh sanctions against North Korea, saying that Kim Jong Un’s nuclear program poses the most serious threat since World War II. Defense Minister Itsunori Onodera on Sunday urged tougher sanctions including curbing oil supplies to North Korea. He warned that the regime’s advances ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched ‘Service 1’ centre, at Emirates Tower, which includes 14 government agencies, IBM Watson, and smart robots, to provide personalised services to customers. His Highness Sheikh Mohammed bin Rashid said that Service 1 centre is a model ...

Dubai / WAM Dubai Food Park (DFP), the region’s largest specialised zone dedicated to serving the rapidly growing food sector, signed an AED1.35 billion investment agreement with Ningxia Forward Fund Management Company on Saturday to build a world-class China-UAE Food Industrial cluster in Dubai. The strategic agreement will consolidate China’s stake in the burgeoning Middle East food industry and expand ...

Astana / WAM Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to the Republic of Kazakhstan, met Timur A. Kulibayev, Chairman of the KAZENERGY Association, in Kazakhstan. During the meeting, the two sides discussed means of boosting bilateral cooperation between the UAE and Kazakhstan in various fields, especially in the economy, trade, business, investment, tourism and infrastructure. Kulibayev praised ...

Dubai / WAM The Dubai Metro has broken the one billion passenger barrier, a top official of the Roads and Transport Authority (RTA), announced. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, said that the Dubai Metro, comprising the Red and Green lines, transported 1.028 billion passengers, since the launch of the service on ...

Bloomberg Hurricane Irma headed for an all-but-certain collision with southern Florida after devastating the Caribbean islands and swiping at Cuba as it threatens to become the most expensive storm in US history. While top winds dropped to 130 miles (209 kilometres) an hour, the life-threatening storm’s swollen size means most of Florida will face hurricane-force winds as it cuts a ...