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  Yuki Tatsumi SPECIAL TO EMIRATES BUSINESS On June 9, a Chinese People’s Liberation Army Navy (PLAN) frigate sailed near Senkaku Island. Although the naval vessel stayed in the contiguous zone, and therefore did not enter Japan’s territorial waters, this is the first time that a PLAN vessel came this close to the Senkakus, which are also claimed by China ...

  AFP Will he stay or will he go? That’s the question gripping India as speculation whirls about the future of central bank chief Raghuram Rajan, dubbed ‘rock star’ and ‘James Bond’. Rajan’s three-year term as Reserve Bank of India (RBI) governor ends in September and the Indian media is abuzz with predictions about whether he will be given a ...

  Bloomberg Brazil antitrust regulators approved Banco Bradesco SA’s acquisition of the local unit of HSBC Holdings Plc, adding a restriction that the buyer refrain from additional purchases for 30 months. Bradesco will also have to improve quality control, invest in worker training and disclose to its clients the local law that allows customers to switch banks, Cade, the antitrust ...

  AP Poland’s lawmakers have approved economist Adam Glapinski to be the nation’s new top banker. Glapinski succeeds Marek Belka, whose six-year term as head of the National Bank of Poland expired. The 66-year-old Glapinski is a member of the bank’s Monetary Policy Council and its board of managers, and is considered to be a moderate. He has vowed to ...

  Bloomberg Here’s a tip to buyout funds that rely on bank debt to buy promising companies. Don’t take those same banks to court unless you’re sure you have a very, very good case. Terra Firma’s Guy Hands clearly thought he had his reasons to haul Citigroup before a London court this week over his 4 billion-pound (US$5.7 billion) 2007 ...

  Paris / AFP Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big ...

  Marcel Schwantes Tribune News Service Let me ask you: What personal attributes would you say give you a competitive edge? Is it your persuasiveness? Emotional intelligence? Drive to achieve? Is it the ability to understand how Millennials think and how best to lead them? So many of us have untapped, X-men-like skills and abilities that we have yet to ...

  Sunaina Rana/ Emirates Business Braun, the leading provider for international beauty and grooming products for women and men, has stepped into the Middle East market under the flagship of The New Store LLC (TNS) of Mustafa bin Abdullatif Holding LLC company(MBAL Holding). Braun’s Lifestyle range has been catering to the beauty industry for over 60 years. The latest store ...

  Our Correspondent EMIRATES BUSINESS Hitches & Glitches is a successful UAE-based home maintenance company that has been built on reliability, quality workmanship and value-for-money. The company started operations in 2010 with just one vehicle and five technicians. Now a part of the Farnek Group, Hitches &Glitches has over 200 vehicles, employs more than 3000 highly trained technicians and serves ...

  Washington / AFP The unexpected downturn in the US jobs market has once again removed an interest rate hike from the table as the Federal Reserve meets on monetary policy this week. Analysts say the dismal May jobs report released on June 3, the worst in almost six years, and still-weak inflation will stay the hand of the Federal ...