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  Bloomberg Australia’s government sold A$11 billion ($8.5 billion) of 11-year debt notes in its biggest-ever bond transaction, as investors hungry for higher yields set aside concerns stubborn budget deficits will cost the nation its AAA credit rating. It’s the third time in less than six months the South Pacific country has set a new borrowing record. It exceeds the ...

  Bloomberg A decade-long wait by India’s cash-hungry real estate and infrastructure developers may finally be nearing an end. Birla Sun Life Asset Management Co. estimates that real estate and infrastructure trusts will raise as much as 600 billion rupees ($9 billion) this year as India rolls out the much-anticipated investment products mooted in 2007. Sterlite Power Transmission Ltd. and ...

  Bloomberg The worst isn’t over for Singapore’s property market, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd. “I do not believe the worst is over although I think the worst has slowed down,” Kwek said in a Bloomberg Television interview with Haslinda ...

  Bloomberg Bristol-Myers Squibb Co. was once one of the drug industry’s highest-flying companies. Now the pharmaceutical giant has gone from predator to prey, as its sagging stock price has invited in activist investors who are already forcing changes. It announced an agreement with Jana Partners LLC to add three board members, and later in the day activist investor Carl ...

  Bloomberg Net migration to the UK fell to its lowest in more than two years, providing a boost for Prime Minister Theresa May as she seeks to reduce the number of foreigners coming to Britain. Those arriving to live or study for a minimum of one year outnumbered those leaving by 273,000 in the year through September, the Office ...

  Abu Dhabi / WAM Staff Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson of IDEX 2017, announced 20 new deals worth over AED 3.4 billion at a press conference on day four of the 13th edition of the International Defence Exhibition and Conference, IDEX 2017. The national companies were awarded 13 deals, while the remaining seven deals went to international companies. ...

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (ADNEC) signed on Wednesday a partnership agreement with Abu Dhabi Autonomous Systems Investments (ADASI), the region’s first reliable one-stop solutions provider within the autonomous systems industry. The agreement mandates the participation of ADASI as a strategic partner in the 2018 editions of the Unmanned Systems Exhibition and Conference (UMEX) and Simulation ...

  Dubai / Emirates Business Tourism professionals across the Middle East are furthering their efforts to increase their share of the $168 billion global outbound Chinese tourism market, through a number of travel incentives. With 120 million outbound travellers in 2016 alone, China has retained its position as the world’s largest outbound tourism market for the past four years, according ...

  Bloomberg President Donald Trump’s plan to round up and deport millions of undocumented immigrants is likely to trigger waves of lawsuits that may soon dwarf the legal fight over the administration’s temporary ban on travelers from seven Muslim majority countries. The Department of Homeland Security is pushing ahead with what the American Civil Liberties Union (ACLU) calls a “hyper-aggressive ...

  Bloomberg China may be about to embark on its most ambitious — and perilous — campaign to convince investors that they shouldn’t depend on a bailout when markets go south. In a rare show of cooperation, the nation’s main financial regulators are drafting new rules for asset-management products that aim to make clear the investments don’t have government guarantees, ...