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Insurance 15 Oct 2018 | 12:00 AM

Insurance stocks provide haven in stormy year for Dubai equities

DUBAI: Insurance stocks traded in Dubai are proving a haven in an unforgiving market as investors increase their bets on mergers and acquisitions in the industry after recent reforms.

Corporate News 28 Aug 2018 | 12:00 AM

Noble shareholders vote in favour of debt restructuring

Plan approved by 99.96% of votes allows trader to press on with final stages

Corporate News 27 Aug 2018 | 8:27 AM

Noble Group's shareholders vote in favour of debt revamp

SINGAPORE: Embattled commodity trader Noble Group Ltd. took a significant step toward getting its $3.5 billion debt-for-equity restructuring over the line after shareholders voted to back the controversial proposal at a special general meeting in Singapore.

Corporate News 27 Aug 2018 | 5:29 AM

Battling for life, Noble Group bets on US$3.5bil debt restructuring

SINGAPORE: Noble Group Ltd faces a key shareholder meeting on Monday as the shrivelled commodity trader attempts to clinch a last-ditch $3.5 billion debt restructuring deal to stay afloat and put a three-year crisis behind it.

Business 25 Aug 2018 | 12:00 AM

Noble Group’s fate hangs on investors’ vote

SINGAPORE: Singapore-listed Noble Group Ltd faces a make-or-break shareholders’ meeting on Monday as investors vote on a US$3.5bil debt restructuring plan that its creditors and board say is vital to prevent insolvency.

Corporate News 24 Aug 2018 | 10:31 PM

Fed's Powell: more rate hikes likely if economy stays strong

NEW YORK: The Federal Reserve's steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank's current approach to policy

Banking 22 Aug 2018 | 12:00 AM

Deutsche Bank raises bet on Noble’s rescue plan

LONDON: Deutsche Bank AG is doubling down on a bet that troubled commodities trader Noble Group Ltd will be able to pull off a US$3.5bil reorganisation.

Corporate News 21 Aug 2018 | 3:25 AM

Deutsche Bank raises bet on Noble Group's US$3.5b rescue

LONDON: Deutsche Bank AG is doubling down on a bet that troubled commodities trader Noble Group Ltd. will be able to pull off a $3.5 billion reorganisation.

TECH 01 Aug 2018 | 7:00 AM

Alphabet’s Waymo tests pricing, teams up with public transit

For the past year, Kyla Jackson has been one of the only teenagers in the world who gets a ride to high school from a robot.

Business 19 Jul 2018 | 12:00 AM

Fresh bid by Abu Dhabi firm for Abraaj unit

LONDON: A unit of Abu Dhabi Financial Group (ADFG) has made a fresh, US$55mil offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management LP, according to sources.