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

  President Donald Trump is right about one thing: The US trade deficit with the rest of the world — which topped $500 billion last year — is unhealthy. It puts upward pressure on U.S. unemployment that can only be countered with policies that lead to rising debt. It doesn’t follow, however, that the worst culprits are always the countries ...

  Bloomberg Poor fourth-quarter earnings from two United Arab Emirates companies weighed on stock markets there on Thursday while Kuwait pulled back in another day of volatile trade. Dubai’s index fell 1.2 percent to 3,683 points, retreating from major technical resistance at 3,737-38 points, the peaks in January. Air Arabia slumped 8.6 percent in unusually heavy trade after it made ...

  Bloomberg Japanese equities slid ahead of Prime Minister Shinzo Abe’s Friday meeting with US President Donald Trump, offsetting a rally in Greater China shares to lead Asia stocks lower. “Japanese stocks are consolidating after the yen strengthened, while investors wait for more geopolitical catalysts,” said Nicholas Teo, a trading strategist at KGI Securities Pte. in Singapore. Japan’s Topix fell ...

  Bloomberg US stocks advanced as oil’s rise above $53 a barrel lifted energy producers before key reports from OPEC and the International Energy Agency. The dollar continued to churn in place, while Treasuries halted the longest rally in eight months. The S&P 500 Index edged within points of an all-time high, while equities in Europe rallied after solid results ...

  Bloomberg Boeing Co. won orders for 39 wide-body aircraft from Singapore Airlines Ltd. as Southeast Asia’s biggest long-distance carrier upgrades its fleet over the next decade with more fuel-efficient models in an effort to cut costs. The airline agreed to buy 20 777-9s, which are set to debut at the decade’s end, and 19 787-10s, the longest Dreamliner model, ...

  Bloomberg Norwegian Air Shuttle ASA said it has chosen the first two U.S. bases for the trans-Atlantic flights it plans to introduce later this year using Boeing Co. 737 single-aisle planes. The discount airline will serve one airport north of New York City and another south of Boston, Chief Executive Officer Bjorn Kjos said at a briefing in Brussels. ...

  ADDIS ABABA / Reuters Ethiopian Airlines’ chief executive said that a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations. Tewolde Gebremariam also said the airline’s revenue rose 10.3 percent to 54.5 billion birr ($2.43 billion) in the 2015/16 fiscal year, while passenger numbers ...

  Bloomberg Azul SA, the Brazilian airline led by JetBlue Airways Corp. founder David Neeleman, filed for an initial public offering in the U.S., following at least two previous delays because of slumping Brazilian stocks. The Sao Paulo-based airline filed Monday for a $100 million IPO, a placeholder amount used to calculate fees that may change. Proceeds from the offering ...

  Bloomberg Canada’s government will provide C$372.5 million ($282 million) in support for Bombardier Inc. to help fund two jet programs, including the C Series, the single-aisle plane that competes with Boeing Co. and Airbus Group SE products. About a third of the so-called “repayable program contributions” will go to the C Series while the rest will bolster the Global ...

  Bloomberg Commerzbank AG reported a 5.2 percent decline in fourth-quarter profit as it set more money aside for troubled loans to the shipping industry and low interest rates continued to weigh on income from lending. Net income in the three months through December decreased to 183 million euros ($195.5 million) from 193 million euros a year earlier, according to ...