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

Bloomberg US Special Counsel Robert Mueller named 35 potential witnesses who may be called to testify in the tax- and bank-fraud trial of former Trump campaign chairman Paul Manafort, including his right-hand man Rick Gates. The list, filed in federal court in Alexandria, Virginia, hints at how the first trial stemming from Mueller’s probe into Russian meddling may unfold. The ...

Bloomberg As she departs the sweltering heatwave that’s hit London this summer for a break with her husband, Theresa May is — for now — in a position of relative safety. The UK’s rolling Brexit crisis is temporarily becalmed and the British prime minister can afford to take a holiday. What’s certain, though, is that the peace will not last. ...

Bloomberg Slovak prosecutors indicted far-right leader Marian Kotleba for promoting racism and Nazi ideology, as the European Union member state witnesses a surge in populist, anti-immigrant political forces. Kotleba, a lawmaker and the chairman of the People’s Party, was indicted after sponsoring an event last year during which he gave a charity a check for 1,488 euros, a number that ...

Bloomberg Breaking the dynastic hold on Pakistani politics, former cricket hero Imran Khan won the most seats in an election tarred by widespread allegations of rigging and military interference. Khan’s Pakistan Tehreek-e-Insaf, or Movement for Justice party, clinched at least 115 national seats, according to results released by the Election Commission of Pakistan. He beat the incumbent Pakistan Muslim League-Nawaz ...

Bloomberg India’s foreign exchange reserves may soon drop below the $400 billion mark for the first time since November as the central bank steps up action to shore up one of Asia’s worst-performing currencies. Reserves have steadily declined by $21 billion from a record peak of $426 billion in mid-April, and official data showed it was little changed in the ...

Bloomberg Deutsche Bank AG is cutting dozens of employees and consolidating space at its Chicago office as part of a broader plan to shrink its US operations, according to people briefed on the matter. The German lender’s Chicago office — which houses units including front-office trading, operations and treasury — will be reducing headcount, said the people, who asked not ...

Bloomberg The Reserve Bank of New Zealand’s (RBNZ) new monetary policy committee with external members could begin deciding on interest rates in the second quarter of next year, Finance Minister Grant Robertson said. Legislation to enact the government’s RBNZ reforms should pass into law by April, which could allow the enlarged policy committee to begin deliberations as soon as May, ...

Bloomberg Blackstone Group LP, the world’s largest alternative asset manager, has picked banks for India’s first real estate investment trust (REIT) listing, people with knowledge of the matter said. The US company and local partner Embassy Group selected firms including Bank of America Corp., Morgan Stanley, Kotak Mahindra Bank Ltd. and JPMorgan Chase & Co., said the people. The REIT ...

Bloomberg The European Central Bank (EDCB) stuck to its plan to end bond purchases as the European Union and US stepped back from a trade war andthe currency bloc’s economic expansion remained solid. The Frankfurt-based institution reiterated it will continue buying $35 billion of assets a month until the end of September, reduce the pace to 15 billion euros from ...

Bloomberg American Electric Power’s (AEP) $4.5 billion Wind Catcher project was done in by shaky economics, and may become a teaching moment for other developers planning big clean-energy projects. The company pulled the plug on what would have been the biggest-ever US wind farm. Texas regulators rejected the project because it didn’t offer enough benefits for ratepayers, and Oklahoma came ...