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

  It’s unconscionable in 2017 that the only publicly traded music streaming company is still Pandora Media Inc., an Internet radio provider which went public in 2011 and is trading below its initial public offering price. Hopefully, Spotify Ltd. will rectify the situation this year, even if that means it has to use a back door to an exchange listing. ...

  Bloomberg Two years ago, solar and wind developers couldn’t get enough of a security that helped finance their clean-energy projects. Now, a growing number are considering cashing out. The industry created publicly traded securities, known as yieldcos, to raise capital for new construction, which attracted shareholders eager for dividends from the sale of electricity. Fifteen US and European companies ...

  Bloomberg Summer may be a few months away but oil investors are already getting their hopes up that American drivers will do their part to rebalance the market. Hedge funds increased bets on higher West Texas Intermediate crude prices for the first time in six weeks, shrugging off rising US supplies, as the coming driving season is expected to ...

  Bloomberg Oil headed for its longest run of gains this year as Libya’s biggest oil field was said to have suffered another outage while Russia signaled it’s weighing an extension of OPEC-led production cuts. Futures gained for a fifth day in New York after advancing 3.2 percent last week following a US military strike on Syria. Libya’s Sharara field ...

  Bloomberg Egyptian consumer prices showed some signs of stability in March, signaling that the surge in inflation triggered by the central bank’s decision to abandon currency controls five months ago could be easing. Annual inflation in urban areas accelerated to 30.9 percent compared with 30.2 percent in February, according to data released by the official statistics agency, CAPMAS on ...

  Bloomberg China’s anti-graft agency is probing the nation’s top insurance offi- cial Xiang Junbo as the govern-ment steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on suspicion of “severe” disciplinary violations, the Central Commission for Discipline Inspection said in a statement on its ...

  Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, and any external shocks could trigger tighter liquidity in the ...

  Bloomberg India, set to become the world’s largest steel producer after China, churned out a record amount in the year through March to feed rising local demand, while boosting exports to the highest ever. Output jumped 11 percent to 101.3 million metric tons and the nation was a net exporter for the first time in three years, doubling shipments ...

  Bloomberg BHP Billiton Ltd. is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of US oil assets and list them in New York. Elliott says BHP, which has two separate legal entities listed in Sydney and London that are run as one group, ...

  Bloomberg President Donald Trump took credit for Toyota Motor Corp. investing $1.33 billion in an existing US factory, championing spending by a Japanese automaker he’s blasted for building a plant in Mexico. The outlays in Georgetown, Kentucky, aren’t new — they’ve been in the works for years. But the way they’re being marketed is. Instead of emphasizing cost efficiency, ...