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  Bloomberg Vitol Group BV, the trader that shipped the first cargo of US crude after export restrictions ended in late 2015, predicts the country’s oil exports will grow “a lot more” because of rising production in Texas. US crude shipments briefly surged to a record 1.21 million barrels a day in mid-February, up from 32,000 in 2010, when most ...

  ROCKLAND / AP Hitachi Ltd. is aiming to expand its rail business in the US by bidding for streetcar and light-rail projects as President Donald Trump pledges to spend as much as $1 trillion to upgrade infrastructure across the country. The Japanese conglomerate “sees quite a big opportunity” in the US, Alistair Dormer, chief executive officer of Hitachi Rail ...

  Bloomberg German-based chipmaker X-Fab Silicon Foundries SE expects to raise about 500 million euros ($530 million) via an initial public offering in order to fund its global production expansion. The company with headquarters in Erfurt, central Germany, said it intends to list shares on the Euronext Paris exchange in a primary offering of new shares worth 250 million euros ...

  Dubai / WAM Expo 2020 Dubai’s successful apprenticeship programme is being integrated with a corresponding scheme at Jebel Ali Free Zone (Jafza) to give young Emiratis a greater chance of taking a positive first step on the career ladder. The Memorandum of Understanding, MoU, will absorb the tried and tested structure and content of Expo 2020 Dubai’s programme into the ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Saturday said that the UAE will continue to build its economic capacity in line with the directives of UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the close follow up of Abu ...

  BEIRUT / AP Twin blasts on Saturday near holy shrines frequented by Shiites in the Syrian capital Damascus killed at least 40 people, most of them Iraqis, according to Syrian and Iraqi officials. There was no immediate claim of responsibility for the attacks. IS militants have carried out similar attacks before against Shiite shrines in the Syrian capital and ...

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) commended the foundation stone laying ceremony of Senegal’s National Road No.2 (Ndioum – Ourossogui – Bakel) project. ADFD, one of the key financiers of the 336-km long infrastructure project, allocated a concessionary loan of AED53 million (US$15 million). Senegalese President, His Excellency Macky Sall, attended the ceremony and ...

  Bloomberg America’s labour market might not be as great yet as President Donald Trump wants, but by almost any measure, it’s gett- ing better. Employers added an above-forecast 235,000 positions in February, while measures of joblessness and under- employment improved, the Labor Department’s monthly report showed. Wage growth picked up and the share of prime-age Americans in the labor ...

  Bloomberg Iceland has fought wars to pro- tect its fishermen, most recently against the UK in the 1970s. Now, a record inflow of foreign tourists is threatening the industry that once built this tiny north Atla- ntic country. The flood of sightseers, volcano watchers and glacier trekkers is lifting the national currency, pushing up the price of Icelandic fish. ...

  Bloomberg China’s biggest SUV maker is reconsidering its plan to build an auto plant in Mexico that would have made its best-selling vehicles for the US market, joining a growing list of global automakers reviewing investment plans after tax threats by President Donald Trump. Great Wall Motor Co., led by billionaire Chairman Wei Jianjun, may choose the US instead ...