When it comes to ambitious developments, Dubai is a name to reckon with. It takes the lead in conceiving and bringing amazing projects – such as the world’s biggest natural flower garden, Burj Khalifa, the world’s tallest tower and a lavish underwater luxury hotel – to life in quick time. Given the city’s huge appetite […] Read more
Hong Kong’s Hang Seng jumped 4.2%, China’s Shanghai Composite rose 2.7%, Japan’s Nikkei gained 2.56% and South Korea’s Kopsi rose 3.5%. The FTSE 100 was up 0.78%, the CAC 40 in Paris rose 1.26% and the Dax in Frankfurt climbed 1.44%. Markets moved higher after Bloomberg reported US President Donald Trump wants to reach an […] Read more
UBS is considering acquisitions and joint-ventures to bolster its $800 billion asset management business and stay competitive with larger, fee-cutting US rivals. Top executives at the Swiss lender, which has been gun-shy toward growing via M&A, feel the company needs to ramp up its scale to compete on a global level and may eye specialized […] Read more
European shares rose timidly on Tuesday, their second day of gains as earnings from BP and Volkswagen impressed investors and boosted oil and autos stocks. The leading euro zone stocks index <.STOXX50E> was up 0.4 percent by 0829 GMT, while Germany’s DAX <.GDAXI> rose 0.3 percent and Britain’s FTSE 100 <.FTSE> climbed 0.4 percent. U.S. […] Read more
August saw that optimism increase among consumers, the Conference Board found, with the percentage of consumers expecting business conditions will get better over the next six months increasing to 24.3 percent from 22.9 percent. These historically high confidence levels should continue to support healthy consumer spending in the near-term. Read more
Coca-Cola is hoping for a caffeine-fueled boost. The company said Friday it will buy the Costa coffee brand from British firm Whitbread for 3.9 billion pounds ($5.1 billion) in cash. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 international markets. The deal, […] Read more
