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Bloomberg Barclays Plc’s Jes Staley said he needs another six to 18 months before the bank can generate an acceptable return for investors, spelling out for the first time how long his strategy should take to bear fruit. “The group’s statutory return on equity is 9 percent, and we want to get that to 11 percent — I think we ...

  Though roller-coaster elections have recently become the norm in established democracies (witness France’s whirlwind campaign that ended recently), Germany appears determined to be an exception. As her party clinched yet another key regional election, Chancellor Angela Merkel is close to establishing her dominance in the September general election well ahead of time. Former European Parliament President Martin Schulz created ...

  Although the Federal Reserve refrained from raising interest rates last week, it emphasized that policy makers still believe a gradual adjustment is warranted. On the surface, that’s a market-friendly policy because it means a slower pace of dollar appreciation, which would benefit emerging markets and commodities. Then there’s China, where a gradual adjustment higher in US rates could mean ...

  Europe’s leaders are thrilled that Emmanuel Macron beat Marine Le Pen in the French presidential election — and they should be. Yet they ought to keep their celebrations brief, because they need to start thinking now about how to help Macron make a success of his presidency. Le Pen’s angry nationalism gave voice to widespread dissatisfaction with the European ...

  Democratic Party’s candidate Moon Jae-in has been declared the winner in South Korean presidential election. With 100% of the votes counted, Moon won with 41.08%, according to the country’s National Election Commission. As many as 13,423,800 voters chose Moon Jae-in as their preference for president. Moon, a liberal, was sworn in as South Korea’s new president on Wednesday and ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) announced on Wednesday that the value of its direct and indirect contribution to the economy of Abu Dhabi reached AED1.12 billion in Q1 2017, representing an 8 percent growth over target. The company attributed the positive first quarter results to the improved contribution from its existing events including ...

  Abu Dhabi / WAM In yet another indicator of the growth of business sentiments in the country, the number of automatic teller machines operated by banks in the UAE hit a total of 5, 211 by end of March , an increase of 67 machines from the same period in 2016, according to UAE Central Bank statistics. Up to 40 ...

  Sharjah / WAM Sharjah Commerce and Tourism Development Authority (SCTDA), is participating for the first time in the China World Travel Market in Shanghai to explore new tourism markets. The China World Travel Market is taking place from May 10-12 in Shanghai and is one of the leading travel and tourism fairs in China, attracting more than 800 exhibitors from ...

  Dubai / WAM Dubai Land Department (DLD), announced that it will be developing an action plan through its Rental Affairs Sector to regulate lease registrations in Dubai’s Freehold and Free Zone areas. The step is being taken to facilitate services in all of these areas for customers from all categories. The regulated action plan has the support of Dubai Investments ...

  Dubai / WAM A new incentive programme has been launched by the UAE Ministry of Energy to encourage motorists to opt for new zero-carbon-emission electric vehicles through easy bank loans. The announcement was made on Wednesday by the Ministry as part of its contribution to the Government Accelerators, an initiative for a solutions-based collaborat- ion among government, private sector and ...