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China factory price gains more sluggish that forecasts

  Bloomberg China’s producer price gains slowed more than expected in April, adding to signs of a potential easing of global reflation fueled by the world’s second-largest economy. Producer price index rose 6.4 percent from a year earlier, versus a 6.7 percent Bloomberg survey estimate and 7.6 percent gain in March. Consumer price index climbed 1.2 percent, versus 0.9 percent ...

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Canada’s largest gas-station owner may set sights on US

  Bloomberg In the past five years, Parkland Fuel Corp. has more than tripled its market value by snapping up gas stations, propane distributors and other types of fuel sellers across Canada. Its next wave of acquisitions may be in the US. Since Chief Executive Officer Bob Espey took the helm in 2011, Parkland has struck 18 deals valued at ...

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‘UAE continues to support and encourage research’

  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, received a delegation from the Emirates Center for Strategic Studies and Research (ECSSR), headed by Director-General Jamal Sanad Al Suwaidi, at Qasr Al Bahr in Abu Dhabi. During the meeting, he was briefed by ...

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MoI’s e-game to raise awareness on UAE history

  Abu Dhabi / WAM An innovative e-game dubbed ‘Zayed The Leader’ was officially launched by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, at the Ministry of Interior (MoI) premises on Tuesday to promote awareness among youngsters about the UAE history and its establishment at the hands of late Sheikh Zayed ...

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AED2.6bn City Centre Al Zahia to open its doors in 2020

  SHARJAH / Emirates Business Strategically located at the intersection of Sheikh Mohammed bin Zayed Road and University Road, City Centre Al Zahia is a super-regional mall of 136,200 sqm of gross leasable area. The super-regional mall will address the shopping and leisure needs of the residents of Sharjah, Northern Emirates and Al Zahia, an award-winning residential destination with six ...

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Dubai Customs updates smart valuation system

  DUBAI / WAM Dubai Customs has updated its valuation system to provide more advanced services to clients to serve the vision of Dubai becoming the smartest city in the world. With this in mind, Dubai Customs regularly updates and automates its processes and applications, delivering added value to its clients and reaffirming Dubai’s position as a preferred hub for ...

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China coal power firms surge as mega-merger planned

  Bloomberg Shares of Chinese coal-fired power generators surged on Tuesday as the country was said to be considering plans to create three energy giants through mergers of eight companies with combined assets of almost 5.9 trillion yuan ($855 billion). The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the ...

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Booming realty shares in India yet to win over BNP Paribas

  Bloomberg Property developers have beaten every industry group on India’s benchmark equity index this year, but BNP Paribas Asset Management India Pvt. isn’t impressed. A gauge of realty stocks has soared 62 percent since January 1, almost five times the climb in the S&P BSE Sensex, as the government took steps to bolster the industry that was one of ...

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Australia goes for stimulus in $55bn infra plan

  Bloomberg Australia’s government finally took up the central bank’s call for economic stimulus in its annual budget, with a A$75 billion ($55 billion) infrastructure plan as its centerpiece. Road, rail and runway construction will support growth from Western Sydney to Western Australia, Treasurer Scott Morrison announced in Canberra on Tuesday. His plan promises to create thousands of jobs in ...

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NetLink briefs analysts on $1.4bn IPO as fees cut

  Bloomberg NetLink Trust, the fiber broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least S$2 billion ($1.4 billion), people with knowledge of the matter said. The arm of Singapore Telecommunications Ltd. began meeting research analysts to explain its business model, which will later ...

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