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  Bloomberg China’s anti-graft agency is probing the nation’s top insurance offi- cial Xiang Junbo as the govern-ment steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on suspicion of “severe” disciplinary violations, the Central Commission for Discipline Inspection said in a statement on its ...

  Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, and any external shocks could trigger tighter liquidity in the ...

  Bloomberg BHP Billiton Ltd. is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of US oil assets and list them in New York. Elliott says BHP, which has two separate legal entities listed in Sydney and London that are run as one group, ...

  Bloomberg Alphabet Inc.’s Google denied Department of Labor allegations that an in-progress investigation suggests “systemic compensation disparities against women” at the internet giant. “Every year, we do a comprehensive and robust analysis of pay across genders and we have found no gender pay gap,” Google said in an emailed statement. “Other than making an unfounded statement which we heard ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry has finalised preparations for its trade mission to Latin America, which will take place from April, 15-22 and cover Brazil, Paraguay and Argentina. The Chamber will lead a high-level delegation of UAE businessmen, investors, and officials, who will represent a wide range of sectors, including trade, retail, free ...

  Dubai / WAM Manufacturers of Arabic perfumes, essential oils, bukhoor and other fragrances from across the GCC will have a unique global platform to showcase their talents by producing scents for Expo 2020 Dubai. The Expo on Sunday launched its search for producers of fragrances, from international brands to small, artisan producers in the Gulf, which could be offered to ...

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) Sharjah Antiquities Authority, Sharjah Institute for Heritage and Sharjah Museums Department have met to discuss ways to organise and protect cultural heritage in Sharjah. The meeting was held at Shurooq’s main office in Al Qasba, in the presence of Marwan bin Jassim Al Sarkal, CEO of Shurooq, Manal Ataya, Director-General of ...

  Bloomberg The scent of doom is returning to China’s local government bond market. S&P Global Ratings pulled the trigger on the first ever downgrade of a Chinese local-government financing vehicle, citing the city in eastern Jiangsu province’s high debt burden. Traders and analysts are uneasy as well, with 18 of 29 polled in a Bloomberg News survey saying they’d ...

  Bloomberg Jonathan Tepper, the founder of a London-based research firm who a year ago warned that Australia had one of the biggest housing bubbles in history, has attacked regulators for acting too late to cool the market as they ignored their own warning signs and were hostile to suggestions property was too expensive, according to the Weekend Australian. The ...