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  Bloomberg Lanxess AG agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash, more than doubling the size of its additives business and accelerating a shift towards specialty chemicals. Shareholders of the maker of lubricant additives and flame retardants will get $33.50 a share under the terms of deal, Cologne, Germany-based Lanxess said in a statement ...

  TOKYO/ AP Japanese Prime Minister Shinzo Abe pledged on Monday to accelerate his mix of policies to prop up Japan’s economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact. In his policy statement opening the 66-day parliamentary session, Abe outlined an extra set of stimulus measures to help the economic recovery and spur more consumer and ...

  Bloomberg China National Chemical Corp. sought European Union approval for its $43 billion takeover of Syngenta AG, one of a trio of mega-deals reshaping the global agrichemicals industry already described as “quite concentrated” by the bloc’s antitrust chief.The European Commission set an initial Oct. 28 deadline to rule on the deal, according to a website filing on Monday. ChemChina ...

  Aleppo / AFP Residents of Syria’s Aleppo faced worsening food and medical shortages on Monday as warplanes again pounded the city after Western powers at the UN accused Russia of war crimes. A fresh wave of intensive air strikes hit the city’s opposition-controlled east from dawn on Monday, an AFP correspondent in the city said, on the morning after ...

  Washington / AFP The lengthy US presidential campaign is careening towards a 90-minute on Monday showdown, with Democrat Hillary Clinton and Republican Donald Trump squaring off in their first televised debate as they sit nearly neck and neck in the polls. The event, which is expected to be watched — and parsed — by tens of millions of Americans, ...

  DUBAI / Emirates Business The GCC market for interior contracting and fit outs in 2015 was estimated at US$ 7.06 billion, according to a recent report of the GCC Building, Construction and Interiors Market by Retailspace. Growth in this sector is set to climb by 25.62 percent to US$ 8.87 billion by 2016, from the projects likely to be ...

  Dubai / Emirates Business Emaar Hospitality Group, the hospitality & leisure business of global developer Emaar Properties, on Monday unveiled the first and only beachfront resort property under its flagship Address hotel brand in Dubai – The Address Jumeirah Resort + Spa, The Address Residences Jumeirah Resort + Spa and The Residences Jumeirah Dubai, Managed by The Address. The ...

  DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of Dubai Municipality, approved the cave and glass house project in the Quran Park at an estimated cost of AED100 million. Hussain Nasser Lootah, Director-General of Dubai Municipality, said, “The approval of Sheikh Hamdan for this project comes in order to ...

  New York / Emirates Business His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, stressed the state’s continued investment in creating a supportive environment for business and attracting talent to support the goals of “UAE Vision 2021.” He added that these could be attained while maintaining the principle of partnership between ...

  Dubai / Emirates Business Mohammed bin Rashid Al Maktoum Foundation (MBRF) – part of Mohammed bin Rashid Al Maktoum Global Initiatives – is set to take part in the 68th edition of the Frankfurt Book Fair on October 19-23. Represented by Qindeel Printing, Publishing and Distribution, the Foundation is keen to attend the Fair – the largest of its ...