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

  Bloomberg For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining billionaires is hoping to break the drought. En+ Group Ltd., owned by aluminum magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning to sell shares in May or June. If successful, ...

  Bloomberg The escalation of Home Capital Group Inc.’s distress last week has led one of its largest former investors to rethink — if only slightly — the prospects of troubles spreading through the rest of Canada. After the alternative-mortgage lender set up a C$2 billion ($1.5 billion) credit line to offset a run on deposits, Mawer Investment Management Ltd.’s ...

  Bloomberg Continental AG will scale back investments in traditional motor components and allocate more funds for hybrid and electric powertrains as the auto-parts maker prepares for the eventual decline of combustion engines. Europe’s second-largest component supplier will invest an additional 300 million euros ($326 million) to develop and expand its offering of electric- and hybrid-car technologies by 2021, the ...

  Bloomberg America’s factories expanded less than forecast in April as measures of orders and employment pulled back, Institute for Supply Management data showed on Monday. Even with the retreat last month, the gauge remains well above the 51.5 average for all of 2016 and indicates healthy optimism among factory managers. The data show manufacturing is settling into a more ...

  Bloomberg SAP SE’s sales topped analysts’ estimates for the fourth straight quarter, as business software spending grew, though the costs of transitioning to a web-delivered model weighed on profitability. First-quarter revenue rose 12 percent to 5.29 billion euros ($5.7 billion), SAP reported, compared with the 5.16 billion-euro estimate of analysts surveyed by Bloomberg. Operating profit, excluding share-based compensation, amortization ...

  DUBAI / Reuters Most Gulf stock markets rose on Monday, with shares in healthcare and education investment company Amanat Holdings accounting for more than 40 percent of Dubai’s market volume with a 4.5 percent rise. The Dubai index rose 0.8 percent with Amanat, the most active stock, seeing its heaviest trade since November. The low-priced stock, which is sometimes ...

  Bloomberg Stocks and US futures climbed, while the yen slipped as a tentative deal by the US Congress to avert a government shutdown offset weaker economic data from China. US stocks looked set to add to their best week since February, as earnings season rolls along. Data on Monday indicated consumer spending stalled in March, adding to signs of ...

  Bloomberg Sony Corp. shares jumped to their highest since May 2015 after a bullish earnings report triggered analyst predictions that the electronics maker could achieve record profit this year. The Tokyo-based company rose 3 percent to 3,873 yen at the close in Tokyo on Monday after forecasting operating profit of 500 billion yen ($4.5 billion) for the fiscal year ...

  Bloomberg Southwest Airlines Co. said it would stop overbooking flights, after the forcible removal of a United Airlines passenger from a packed plane sparked worldwide outrage. Overbooking is tentatively set to end May 8, Southwest said. That would be about a month after a 69-year-old United customer was dragged from a jet by airport police for refusing to surrender ...

  DUBAI / Emirates Business The Japanese discount chain has opened a new store in Doha Festival City. The fourth Daiso Japan store in Qatar is the latest in several store openings in line with the company’s extensive regional expansion plans, bringing the count to 48 stores in the Middle East. In the Middle East, the brand is part of ...