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Dubai / Emirates Business Gulf Craft will start 2018 in style in Thailand at the new luxury lifestyle event Phuket Rendezvous from January 4 to 7. “Thailand is an increasingly important market for several reasons,” said Tony Nixey, Managing Director of Gulf Craft’s dealer in the country, Go Boating Thailand. “Not only is it popular with the global yachting community, ...

Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...

Bloomberg Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than $250 million, people with knowledge of the matter said. Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. The share sale ...

Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...

Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious states”—anxious to retain pre-GST earnings—are ...

Bloomberg The dollar snapped its longest losing streak since September and US stocks climbed to record highs for a second consecutive day ahead of the release of minutes from the Federal Reserve’s December policy meeting. The Standard & Poor’s 500 Index rose past 2,700 for the first time, while the Nasdaq Composite Index also reached a record as a report ...

Reuters Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai’s blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai’s index added 1.4 percent to 3,459 points in rising volume as Emaar Properties gained a further 2.9 percent. ...

Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to ...

Bloomberg America’s power grid is starting to show signs of fatigue as the nation grapples with a record-breaking cold snap. Some power plants in New England that have been burning oil are running short on fuel, according to Marcia Blomberg, a spokeswoman for ISO New England Inc., the region’s grid operator. Restrictions governing air emissions are also a factor limiting ...

Bloomberg A little-known New Jersey firm that, as recently as 2011, specialized in renewable energy projects just became the latest to join the blockchain and cryptocurrency craze. The penny stock TGI Solar Power Group Inc. said in a statement that it planned to get involved in the “Blockchain and Crypto hot commodity market.” The news sent TGI’s shares more than ...