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  Bloomberg Malaysia’s economy grew at the fastest pace in a year last quarter, as stronger consumer spending and an export recovery helped counter falling government expenditure. Gross domestic product rose 4.5 percent last quarter from a year earlier, Bank Negara Malaysia said in an e-mailed statement on Thursday. The median estimate of 18 economists surveyed by Bloomberg was 4.4 ...

  Bloomberg “We are always looking at acquisitions,” Apple Inc. Chief Executive Officer Tim Cook told analysts last month. “There’s not a size that we would not do.” It’s a message he’s increasingly stressed over the past year as investors question how the world’s most valuable technology company plans to use its $246 billion cash pile to meet ambitious sales ...

  Bloomberg Nestle SA’s new Chief Executive Officer Mark Schneider said it will take years to return to the growth rates targeted by his predecessors and will consider exiting underperforming businesses if he can’t fix them. The world’s largest food company forecast revenue will increase 2 percent to 4 percent on an organic basis this year, below a long-held goal ...

  Abu Dhabi / WAM The Majlis of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hosted on Wednesday a lecture by Kent Walker, Executive Vice President of Legal, Policy, Trust and Safety and Google.org at Google. The lecture, held at Al Bateen Palace in Abu Dhabi, ...

  Dubai / WAM Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, hosted on Wednesday a special ceremony to celebrate the UAE-based global philanthropic organisation’s 10th anniversary and extended its gratitude to the UAE community for its generous support over the past decade. The ceremony, which was attended by Vice President, Prime Minister and Ruler of Dubai, His ...

  WASHINGTON / AP As Israeli Prime Minister Benjamin Netanyahu visits the White House, the Trump administration has suggested that peace between the Israelis and Palestinians may not come in the form of a two-state solution — a position that could represent a dramatic shift from 20 years of US policy. Speaking to reporters ahead of President Donald Trump’s meeting ...

  Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, the UAE Minister of Economy, and Dr. Milo Cerar, Prime Minister of Slovenia, discussed the promotion of economic ties and strengthening of commercial, investment and tourism co-operation between the two countries. The meeting between the two parties was held on the sidelines of the 5th World Government Summit. The two parties ...

  Dubai / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, called for stronger cooperation between the UAE and Kazakhstan in the areas of information systems, innovation, and smart cities during his meeting with Kazakh Minister of Information and Communications, Dauren Abayev. Their discussions revolved around the creation of joint mechanisms for facilitating cooperation and exchange of ...

  Bloomberg SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s February 13 closing price, according to a statement. Fortress principals Pete Briger, Wes Edens ...

  Bloomberg Iron ore will defy forecasts for a dramatic price collapse as China’s economy remains strong and the top buyer boosts demand for higher-quality imports, according to Rio Tinto Group, the second-largest exporter. “I wouldn’t necessarily say that it’s going to fall off a cliff,” Chief Financial Officer Chris Lynch said in an interview with Bloomberg Television’s Daybreak Australia. ...