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  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) announced the launch of an international promotional campaign for its defence exhibitions, which include the upcoming Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation and Training Exhibition and Conference (SimTEX 2018), to be held in February, 2018, as well as the International Defence Exhibition & Conference ...

  Bloomberg The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry. Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin that will process ample local supplies of light crude into gasoline and diesel. The fuel will be shipped on existing rail ...

  Bloomberg Stada Arzneimittel AG Chief Executive Officer Matthias Wiedenfels played for time to complete negotiations with private equity firms on a proposed $3.9 billion takeover, offering little reprieve to investors seeking an end to weeks of jostling among the suitors and the drugmaker’s management. “This is about getting the best result for the company and its stakeholders” including employees ...

  Bloomberg UK consumers are borrowing less freely as inflation bites and Britain prepares for Brexit, though the slowdown may not be enough to dispel concerns over the level of personal debt. Unsecured lending growth slowed to 1.4 billion pounds ($1.7 billion) in February, below the 1.6 billion pounds averaged over the previous six months, data published by the Bank ...

  Bloomberg Praxair Inc.’s plan to buy German industrial-gas maker Linde AG edged closer to collapse for a second time after Linde’s works council signaled strong opposition to the $34 billion deal and a government minister questioned its value. A deal with Praxair will lead to significant job losses, and the combined company will be run from headquarters in the ...

  Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...

  HONG KONG / AP Asian stocks were uneven on Wednesday as investors weighed strong US economic reports against uncertainty as Britain readies a formal request to leave the European Union. Tokyo’s benchmark Nikkei 225 index was practically unchanged at 19,208.10 and South Korea’s Kospi rose less than 0.1 percent to 2,164.32. Hong Kong’s Hang Seng climbed 0.4 percent to ...

  DUBAI / Reuters A small rebound in the Brent crude oil price towards $52 a barrel helped lift Saudi Arabia’s stock index on Wednesday, in an otherwise sluggish trading session in the region. The Saudi index rose 1.1 percent to 6,949 points as almost three-quarters of traded stocks advanced. Petrochemical shares were particularly strong with all but one of ...

  As UK Prime Minister Theresa May starts the clock on Britain’s departure from the European Union, there’s no real question that the divorce is going to hurt both parties — and the UK, to be sure, much more than the EU. But this isn’t to say there’s no upside. The right kind of deal will recognize these opportunities and ...

  China’s banks are turning the corner — or are they? A surprise increase in full-year profit at Agricultural Bank of China Ltd. and better-than-estimated 2016 earnings at Bank of Communications Co., or Bocom, are reinforcing the view that lenders in the People’s Republic are getting a grip on their multiyear bad-loan problem. And with short-term interest rates starting to ...