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Bloomberg US President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already imposes on the US. The White House, while delaying tariffs on big-ticket consumer products until Dece- mber, decided to push ahead with 10 percent tariffs on Chinese agricultural products as well as antiques, …

Dubai / Emirates Business Damac Properties Dubai Co announced financial resu-lts for the first half of 2019, reporting a total revenue of AED1.9 billion, with boo-ked sales reported at AED1.8 billion. Gross profits for the same period stood at AED502 million reflecting gross profit margins of 27 percent. Total assets stood at AED24.7 billion compared to AED25.2 billion as of …

Bloomberg CK Asset Holdings Ltd., the developer founded by billionaire Li Ka-shing, postponed a planned sale of condominiums in Hong Kong as ongoing political protests made it difficult to market the luxury residences. The homes at 21 Borrett Road would not be offered for sale as scheduled this month, a spokeswoman for the company said on Wednesday, confirming an earlier …

Bloomberg Oil tumbled the most in a week as global financial markets swooned and swelling US crude stockpiles reinforced fears about an economic slowdown. Futures slipped more than 5% in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand was also healthy. …

Bloomberg India has a plan to achieve Prime Minister Narendra Modi’s goal of reducing the country’s dependence on energy imports, and it starts in the kitchen. Three main state-run fuel retailers — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — are looking to turn used cooking oil that might otherwise be discarded into biodiesel fuels. The retailers …

Bloomberg American equity-index futures slumped alongside stocks in Europe as weak data from two of the world’s biggest economies overshadowed an apparent de-escalation in the trade war. Treasuries and European bonds rallied, with key parts of both the US and UK yield curves inverting. Contracts on the S&P 500 fell alongside the Stoxx Europe 600 index as data showed Germany’s …

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, rising for the first time in four days, while protests …

Bloomberg China’s central bank will likely roll over maturing debt to ease liquidity in the financial system as the economy slows amid the trade dispute with the US. The People’s Bank of China is expected to roll over 383 billion yuan ($55 billion) of medium-term lending facility loans due to mature on Thursday, analysts said, after July industrial output growth …

Bloomberg The European Central Bank (ECB) blasted banks for slow-walking their Brexit preparations, telling them they must move additional staff and resources to the European Union in case Britain leaves without a deal on October 31. The central bank said that firms have transferred “significantly fewer activities, critical functions and staff” to their EU operations than originally foreseen as part …

Bloomberg Oversea-Chinese Banking Corp. (OCBC) is weighing a bid for a controlling stake in PT Bank Permata, an Indonesian lender backed by Standard Chartered Plc, according to people with knowledge of the matter. OCBC is considering an offer for almost 90% of the $1.9 billion bank, said the people, asking not to be named as the deliberations are private. Singapore’s …