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Asia-pacific

Abu Dhabi hedge fund makes $300m emerging-market wager

The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets

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Toshiba completes full exit from laptop business

Two years ago, it sold an 80.1 per cent stake in its PC business to Sharp

Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

India announces additional repatriation flights from UAE

From August 1-29, Air India will repatriate Indian citizens on 22 flights from Sharjah and Abu Dhabi airports

TSMC

Taiwan manufacturer TSMC now controls 51% of global chip market

TSMC is one of only two companies in the world that can produce chips with the 5nm architecture

Coronavirus pandemic drags global M&A to lowest level since 2012

Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012

Pakistan Stock Exchange says building under attack by gunmen

The KSE 100 index, which dropped after news of the attack, gained 0.1 per cent at 11.40am in Karachi

UAE ranks 19th in FDI confidence index backed by strong investor sentiment

China, Brazil and the UAE were the only three emerging economies that ranked on the index

Non-oil trade between UAE, Australia up 17.4% y-on-y in 2019

Aluminium, as well as fresh and chilled meat, topped the list of commodities imported by the UAE from Australia

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Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

TAIWAN-TECHNOLOGY-COMPUTEX

Computex 2020 show cancelled, next edition to be held in 2021

The organisers cited ongoing worldwide travel restrictions as one of the main reasons for cancelling the show

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Nissan posts biggest loss in 20 years, unveils turnaround plan

A four-year plan calls for production to be cut by 20 per cent to about 5.4 million vehicles a year

Honor

Honor to begin using MediaTek processors in upcoming devices

Honor phones earlier relied on Huawei Kirin processors

Saudi wealth fund exploring an investment in Reliance Jio

Facebook last month agreed to pay $5.7bn for a 10 per cent stake in the digital unit

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

Latest coronavirus case in India travelled from Dubai

The other coronavirus patient travelled from Italy

India’s Reliance, Saudi Aramco accelerate refinery stake sale talks

In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake

Toyota is halting production in China until February 9

Toyota has restricted travel to Hubei province and asked employees to avoid unnecessary travel to other areas of the country

UAE confirms first case of coronavirus

The virus has claimed at least 132 lives in China

Private jet security Is full of holes, Ex-Nissan boss Ghosn proves it

Carlos Ghosn, ex-CEO of Nissan, was arrested and charged with financial crimes, and was facing trial in Japan when he fled the country for Lebanon

DP World CEO remains bullish on growth prospects in Africa, India

The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port

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Nissan reveals more executives were punished after probe into ex-boss Ghosn

Three senior executives were punished for their involvement, though their names, titles and specific steps to discipline them were not brought to the fore

UAE named top oil exporter to Japan in October

The UAE exported 32.24 million barrels of crude oil to Japan in October

Bahrain bank, China firm create $50m venture capital fund for Middle East tech market

The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers

Indian companies created 854,234 jobs in Dubai – report

Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties

How the Gulf can win the US-China geopolitics game

The UAE is viewed as a gateway for around 60 per cent of Chinese exports to the Middle East

Saudi beats Russia to top spot among China crude oil suppliers in February, according to customs

Supplies from Saudi Arabia to China reached 5.95 million tonnes, or about 1.552 million bpd, data from Chinese customs showed

Saudi prince’s visit won’t change China’s plans for Iran, says Xi

China is committed to forging close ties with both Saudi Arabia, and regional foe Iran

New allegations against Ghosn concern payments to Saudi businessman, say sources

Japanese prosecutors arrested Ghosn for a third time last week, in a case that has rocked the auto industry

Gulf citizens, residents warned against travel to India’s Kerala

The Indian state is currently dealing with a Nipah virus outbreak that has killed 10 people