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

  Bloomberg The odds of Deutsche Boerse AG successfully taking over London Stock Exchange Group Plc is just 26 percent after the U.K.’s vote to leave the European Union raised questions about the deal’s logic. That’s according to the average estimate of 25 event-driven desks, equity analysts and fund managers surveyed by Bloomberg News. A common market calculation based on ...

  Bloomberg Christopher Shepherd helped build a Nissan Motor Co. factory in Sunderland, England, that thrives on the U.K.’s membership in the European Union. Last week, in the EU referendum, he cast a ballot to quit. Shepherd, a 73-year-old retired construction worker, was joined by 61 percent of the electorate in Sunderland, making the gritty city in England’s Northeast a ...

In a service to all South China Sea watchers, the Permanent Court of Arbitration (PCA) announced that its award in Philippines v. China will be announced on July 12. For the outgoing Aquino administration in the Philippines–the initiator of the arbitration–the award has come a little too late. But, for Rodrigo Duterte, the Philippines’ new president, who’s sent mixed signals ...

  Michael Reilly SPECIAL TO EMIRATES BUSINESS Taiwan’s trade figures with China should not make comfortable reading for any Taiwanese legislator or policymaker. True, between 2008 and 2015, China’s imports from Taiwan increased by almost 40 percent, vindication, presumably, in Kuomintang (KMT) eyes of Ma Ying-jeou’s cross-straits policy. But that growth pales into near insignificance against the 300 percent plus ...

Catherine Putz SPECIAL TO EMIRATES BUSINESS After seven months of stalled relations–barbed comments and sanctions–Russia and Turkey may be moving toward a rapprochement. On Monday, according to the Russians, Turkish President Recep Tayyip Erdogan sent a letter “in which the Turkish President expressed his desire to settle the situation concerning the downing of a Russian military aircraft.” In the letter, ...

  Tokyo / AFP Japanese industrial production dived in May for the first time in three months, official data showed on Thursday, in a worrying sign for the already fragile economy. Factory output dropped 2.3 percent in May from a month earlier, much worse than the average 0.2 percent drop expected by economists, according to Bloomberg News. The weak figures come ...

  Kuala Lumpur / AFP Malaysia Airlines, which has been struggling since twin disasters in 2014, has appointed a new CEO following the resignation of a troubleshooter brought in to turn around the ailing carrier. Peter Bellew, currently the airline’s chief operating officer and a former director of flight operations at Ryanair, will take over effective Friday. “His appointment will ensure ...

  Beijing / Bloomberg There’s about to be a flight to quality in China’s bond market. Fourteen of 22 respondents in a Bloomberg survey of investors and analysts said they are most interested in buying securities issued by the government and policy banks in the next quarter, compared with just four of 19 in a similar poll three months ago. ...

  Seoul / AP Netflix plans to expand its Asian offerings to its subscribers around the world by tapping more creators in Asia. Netflix chiefs said on Thursday that the US streaming service company is looking at many projects throughout Asia, including original series by Asian creators. Netflix invested in South Korean filmmaker Bong Joon-ho’s upcoming movie “Okja,” its first Korean ...

  New Delhi / Bloomberg The bitter fight for market share between Indian ride-hailing startup Ola and San Francisco-based Uber Technologies Inc. is taking on nationalist overtones in a battle unfolding in an Indian court. Ola’s parent ANI Technologies Ltd told a court in Bangalore this week that it is an indigenous startup whose success can be attributed not just ...