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Bloomberg Ted Baker Plc lost more than a third of its value after the UK apparel chain sank to a loss and warned that its performance could worsen amid price competition and a shift to online shopping. The retailer has been reeling since the resignation of founder Ray Kelvin. While the company has moved to improve office conduct, it’s succumbing ...

Bloomberg Burberry Group Plc is encouraging clients to give their old looks a second life by selling them online, a move that could help pull in holiday shoppers and bolster appeal with the environmentally conscious. In a rare partnership between a fashion house and the burgeoning marketplace for used luxury products, Burberry is teaming up with consignment website The RealReal. ...

Bloomberg Retail has been one of the hottest sectors among recent Southeast Asian initial public offerings, as investors look to cash in on consumers’ increasing spending power in the region. “The domestic consumption growth story in Southeast Asia remains an attractive thematic for equity investors,” said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse. Home ...

Bloomberg PepsiCo Inc is getting a boost from higher prices on its drinks and snacks, a sign US consumers still feel good amid recent indicators of a looming economic slowdown. The snack and beverage giant said it will meet or exceed its full-year revenue growth after sales and profit both topped Wall Street estimates for last quarter. The results showed ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, officially opened the 26th World Road Congress Abu Dhabi 2019 on Sunday as discussions on ...

Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) on Sunday listed the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of $ 10,000,000,000 in three tranches, according to ADX’s official website. Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on September 23 successfully priced a $10 billion multi-tranche international ...

Abu Dhabi / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports stood at AED 121.5 billion by end of first seven months of 2019, according to the figures revealed by the Statistics Centre-Abu Dhabi (SCAD), Sunday. According to SCAD, foreign trade data presented do not cover non-oil exports and imports through ports of the other Emirates ...

Abu Dhabi / WAM The Registration Authority of the Abu Dhabi Global Market (ADGM), and the Registrar of Companies New Zealand have announced a partnership to expand their cooperation, in recognition of the increasingly international nature of business, aimed at improving the exchange of information and expertise in both jurisdictions. The Statement of Co-operation (Agreement) was signed by Dhaher bin ...

Bloomberg The hunt for yield is still on in emerging markets. And as that plays out, expect Asia to outperform. Those are the main findings of Bloomberg’s quarterly survey of 54 global investors, strategists and traders on their outlook for developing-nation assets. The trade dispute between the US and China remains a key concern. But looser monetary policy among major ...

Dubai / WAM During her visit to the Gitex Technology Expo 2019 at the Dubai World Trade Centre on Sunday, Dr Amal Abdulla Al Qubaisi, Speaker of the Federal National Council (FNC), launched the first-of-its-kind “Smart Parliament App” in the Arab world and the Middle East. The ‘Smart Parliament App’ aims to expand communications between FNC members and the UAE community, ...