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  Bloomberg For most of the mining industry, 2017 is turning out to be another good year. The big exception is Lonmin Plc. Investors are losing confidence in the world’s third-largest platinum producer as it burns through cash to stay afloat, just 15 months after raising about $400 million from shareholders. Platinum prices aren’t far from a seven-year low and ...

  Bloomberg China home prices rose last month in more cities despite increased restrictions on property transactions by local authorities. New home prices, excluding subsidized housing, gained in February in 56 out of 70 cities tracked by the government, compared with 45 in January, the National Bureau of Statistics said Saturday. Prices climbed in 67 out of 70 cities from ...

  Bloomberg Singapore’s non-oil domestic exports increased at the fastest pace in five years in February, adding to signs of a recovery in the trade-dependent economy. Non-oil domestic exports rose 21.5 percent in February from a year ago, International Enterprise Singapore said in a report. The median estimate of 18 economists surveyed by Bloomberg was a 12.5 percent increase. Electronics ...

  Bloomberg European Union officials are ruling out any discussions with UK Prime Minister Theresa May over a post-Brexit trade deal until she agrees to settle Britain’s financial commitments to the bloc. In a sign the EU is toughening its stance as Britain prepares to trigger two years of negotiations, two European officials familiar with the plan said in the ...

  Bloomberg Output at US manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry. The 0.5 percent gain at factories, which make up 75 percent of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, a Federal Reserve report showed. Total industrial production, which includes mines ...

  WASHINGTON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held separate meetings with Paul Ryan, Speaker of the US House of Representatives, and Ed Royce, Chairman of the House Foreign Affairs Committee, in Washington DC. During the two meetings, the parties discussed means of boosting joint bilateral relations between the two ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Global Education Supplies and Solutions Exhibition (GESS), organised by the Ministry of Education, at the Dubai World Trade Centre on Thursday morning. HH Sheikh Mohammed bin Rashid visited more than 500 public and private sector pavilions of ...

  DUBAI / WAM With a market size of AED205.5 billion, Halal cosmetics is no longer seen as a trend but a key component of people’s lifestyles, according to the head of the International Halal Accreditation Forum (IHAF), General Secretariat Office based in the UAE. Mohammed Saleh Badri, Secretary-General of the International Halal Accreditation Forum, said, “Consumer awareness and preference ...

  Bloomberg A potent blend of pride, economic nationalism and mounting concern over water security have the world’s two biggest cola brands in a bind in southern India. Shopkeepers in drought-hit Kerala state decided to promote local brands over Coca-Cola Co. and PepsiCo Inc. beverages after counterparts in neighboring Tamil Nadu boycotted the multinational drinks. While retail groups claim the ...

  Bloomberg China introduced a new indicator for the services sector to better track the vast range of activity from movies to restaurants that now account for more than half of the economy. The services output index rose 8.2 percent in January and February from a year earlier on growth in technology, transportation, and deliveries, the National Bureau of the ...