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

Hoping to jump-start its “Make in India” manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the same for global bond buyers. Indian bonds are, at the moment, suffering a full-scale rout. On Monday, yields on benchmark 10-year government debt—called the “G-sec” rate in India—continued their slow creep upwards to 7.78%. Many ...

The private equity industry has had its struggles in achieving gender balance just like the rest of Wall Street. But it has the most incentive to do so. Private equity firms struck about $120 billion of buyout deals for US companies last year, according to data compiled by Bloomberg based on pending and completed transactions. Leading the charge were takeovers ...

On the face of it, the idea that Google is discriminating against white men is laugh-out-loud funny. In 2016, according to the company’s most recent diversity report, Google was 69% male and 56% white. Some 53% of the engineering positions were held by white men. Leadership was 75% male and 68% white. Meanwhile 2% of Google employees were black, and ...

Bloomberg As the auto industry prepares for an age of zero emissions, it’s the flashy coupes and gas guzzlers that will pave the way. At the Geneva International Motor Show this week, BMW AG unveiled the high-performance M8 Gran Coupe concept, and Daimler AG’s Mercedes-Benz showcased the AMG GT four-door coupe, sporting a V-8 engine that emits more than twice ...

Bloomberg Apple Inc.’s AirPods earphones have been a surprise hit. Now, the company is planning a push into the high end of the market. The Cupertino, California-based technology giant is working on noise-canceling, over-ear headphones that rival headsets from market leaders like Bose and even the company’s own Beats by Dre brand, according to people familiar with the product’s development. ...

Bloomberg Sony Corp. held preliminary talks to acquire a majority stake in EMI Music Publishing, according to people with knowledge of the matter, as its Abu Dhabi-based owner seeks to cash in on the booming market for streamed music. Mubadala Investment Co. has begun reaching out to potential suitors for the catalog of more than 2.1 million songs, which includes ...

Dubai / Emirates Business Samsung Gulf Electronics Co. introduced to the UAE the Samsung Galaxy S9 and S9+, the smartphones that reimagine the way people communicate, share and experience the world. The launch event took place at The Sofitel Dubai The Palm Resort & Spa. Made for an age in which consumers increasingly communicate and express themselves more with images, ...

Bloomberg European Central Bank President Mario Draghi turned a spotlight on banks’ riskiest assets when he said they need to reduce their holdings of hard-to-value investments. A decade after the financial crisis, lenders in the region are still sitting on billions of dollars of illiquid holdings that could include the kind of mortgage-backed bonds and bespoke derivatives that sank lenders ...

Bloomberg Siam Commercial Bank Pcl, Thailand’s second-largest lender, is going digital and slashing branches and headcount in a bid to survive competition from emerging financial players. “Even though we are a large bank, we think of it as do or die,” Chief Strategy Officer Arak Sutivong said in an interview, referring to a $1 billion technology investment program and its ...

Bloomberg Traders have been taking some profits on their long positions in the Norwegian krone this week, but the latest inflation data has given them a reason to rethink. Norway’s February headline inflation beat the highest analyst estimate and rose above the central bank’s recently lowered 2 percent target, triggering a rally in the currency of 0.7 percent against the ...