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

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 ...

Bloomberg Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown. Bitcoin surged to $9,608, the highest since October, shortly after markets opened at 9:30 am in Hong Kong, before giving back most of those gains less than half an hour later. The wider Bloomberg Galaxy Crypto Index tracking ...

Bloomberg China’s central bank took its first concrete steps to cushion the economy and plunging markets from the blow of a spreading new virus, providing short-term funding to banks and cutting the interest rate it charges for the money. The People’s Bank of China (PBOC) added a net 150 billion yuan ($21.4 billion) of funds on Monday using 7-day and ...

Bloomberg Indonesia’s central bank is taking “bold” steps to guard the nation’s currency and bonds as mounting concerns about the economic impact of the novel coronavirus epidemic trigger a selloff by foreign investors. Bank Indonesia is intervening in the bond, currency and non-deliverable forwards markets to protect the rupiah, Nanang Hendarsah, the central bank’s executive director for monetary management, said ...