Bloomberg Yes, you heard it right — Singapore’s home prices are set to make a comeback after a three-year losing streak. And analysts think property developer stocks are the best way to play that rebound. Amid a restructuring push to boost a slowing economy, the government could signal its intention to reconsider property cooling measures as early as the ...
Read More »Vietnam turns to Asia as Trump strikes blow to trade
Bloomberg After years of relying on American consumers, Vietnam is turning to its Asian neighbors after US President Donald Trump dashed hopes for a Pacific trade deal that stood to benefit the export-reliant nation the most. The end of the Trans-Pacific Partnership “will push us to expand in other markets,†Nguyen Duc Kien, deputy head of the National Assembly ...
Read More »China’s Aussie coal deal boosts link to fuel-hungry world
Bloomberg China isn’t just buying Australia’s coal assets, it’s also expanding access to the limited infrastructure needed to ship it globally. Yancoal Australia Ltd.’s $2.45 billion purchase of the biggest slice of Rio Tinto Group’s coal operations will double the Chinese-owned miner’s output in the country. The deal also includes a 36.5 percent stake in Port Waratah Coal Services ...
Read More »Line quarterly profit, sales miss estimates as growth slows
Bloomberg Line Corp.’s fourth-quarter profit and sales fell short of analysts’ estimates, as advertising revenue growth failed to make up for declines in mobile game and digital stamp offerings. Operating profit was 1.6 billion yen ($14 million) in the three months ended Dec. 31, according to calculations based on full-year numbers released by Line on Wednesday. That’s less than ...
Read More »UAE Energy Plan 2050 to attract ‘investments’
Dubai / Emirates Business Having a long-term energy plan will boost sustainable long-term investments in the UAE, says a London Business School expert. This month, the UAE government unveiled a three-decade energy plan that aims to save the country billions of dirhams while still sustaining economic growth. Commenting on the new Energy Plan, Ioannis Ioannou, Associate Professor of Strategy ...
Read More »Etihad expands Boeing 787 network to Levant, Far East
ABU DHABI / WAM Etihad Airways unveiled on Wednesday plans for the deployment of its new Boeing 787-9 Dreamliners to key Levant and Far East markets in 2017. With a phased delivery of nine Boeing 787-9s this year, they will gradually be introduced on a number of routes from the airline’s Abu Dhabi hub beginning March 1. The 299-seat ...
Read More »KIZAD posts robust growth
ABU DHABI / WAM The total value of Khalifa Industrial Zone Abu Dhabi’s (KIZAD) contribution to Abu Dhabi’s gross domestic product (GDP) accounted for 3.2 percent of the emirate’s non-oil GDP, reinforcing the industrial zone’s status as a key facilitator of economic diversification. The KIZAD, part of Abu Dhabi Ports, has reported a solid performance in 2016, completing yet another ...
Read More »Deyaar reports AED428.3mn revenue
DUBAI / WAM Deyaar Development, one of Dubai’s property developers and real estate service providers, announced its preliminary financial results for the full year ended December 31, 2016. The company reported increase in revenues to AED428.3 million compared to AED257.1 million in 2015, reporting an increase of 67%, mainly due to construction progress in The Atria and Mont Rose ...
Read More »The rising risk of central bank instability
Separate comments last week from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen confirmed an ongoing change in the policy configuration facing their two systemically important central banks: The recognition of a transition in both economic conditions and prospects, along with questions about robustness and durability. For now, their response is to maintain a stimulative ...
Read More »Can bond market save the planet?
After Paris hosted the 2015 Climate Change Accord, it’s fitting that France is pioneering one way in which it might be paid for: green bonds. The country is making its debut appearance in the market this week — the first big sovereign issuer to do so. If all goes well, it could be a sign of green bonds really ...
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