The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Bloomberg UK manufacturing output unexpectedly avoided a contraction for the first time since April at the start of 2020, providing further evidence that ebbing political uncertainty is supporting the economy. IHS Markit said its Purchasing Managers Index for the sector climbed to 50 in January, right at the level that separates contraction from expansion. That’s also an improvement from an ...

When the Senate acquits the president, he will launch a vindication tour proclaiming that his prosecution was persecution that validated his coveted victim status: Crybaby conservatism’s leader has been tormented by unhinged elites. The entire impeachment episode might boost his reelection chances, but only slightly, because voters who are undecided about him are thin on the ground. Nevertheless, there is ...

China has a bigger and more sophisticated toolbox to combat any economic slowdown from the coronavirus than in 2003, when it battled the Sars pandemic. The challenge now is a worsening backdrop both domestically and abroad, and how both hamper the effectiveness of Beijing’s response. It’s hard to be precise about the damage given the situation is still unfolding. Bloomberg ...

The maker of Aston Martin sportscars is finally moving to remedy a botched initial public offering that gave it neither the money nor the investors it needed. January 31 brought a cash injection, a new shareholder and a shift in strategy. Crisis measures never come cheap and the rescue comes with many strings attached. Aston Martin Lagonda Global Holdings Plc, ...

Another blowout quarter for Amazon.com Inc. earnings spurred a 10% jump in its shares in post-market trading, pushing the retail giant’s value past $1 trillion. To gauge just how powerful Amazon.com Inc. truly is, though, look beyond its market cap, top-line sales or membership revenue and look at the so-called Amazon Tax. This is how much the company gets from ...

There have been two prominent instances in recent years of governments offering huge monetary incentives in exchange for an office or factory. Both have turned out badly. The first was former Wisconsin Governor Scott Walker’s $4.5 billion package to win a factory from Taiwanese electronics manufacturer Foxconn. The factory never made economic sense and — to no one’s surprise — ...

Nomura Holdings Inc.’s overseas operations are at last solidly in the black after years of flip-flopping between expansion and retrenchment. After a fourth straight quarterly profit, the Japanese brokerage is primed for its biggest international test: building a wealth management business in China. This time, it has a real chance of success. Last week, Nomura reported net income of $524 ...

Japan’s Government Pension Investment Fund (GPIF) been a trailblazer in promoting the need to incorporate environmental, social and governance issues into the day-to-day job of portfolio construction. With $1.6 trillion under management, it has a lot of firepower in the investing world. So its recent stand against short selling, judging the practice to be incompatible with its role as the ...

Bloomberg US equity futures rose and European stocks fluctuated following steep losses at the end of last week and as investors digested the latest developments in the coronavirus outbreak. Shares plunged in China as markets there reopened after a long holiday. Contracts on the three main American equity indexes all advanced in the wake of previous declines. Gains in technology ...

Bloomberg India’s steps in the budget to end some exemptions given for tax planning and the removal of a dividend-distribution tax for companies will weigh on the earnings prospects of insurers. The lower tax rates under the alternative tax slabs will only apply to those forgoing exemptions, which include investments in certain insurance products. Insurers will be taxed on dividend ...