Beyond Meat could see $41b target market, Bernstein says

New York: Beyond Meat Inc. just got its first sell-side bull after its splashy IPO last week. The stock, up an eye-popping 199% since its trading debut on May 1, is a new outperform at Bernstein, and analyst Alexia Howard sees more upside, albeit much smaller than its latest gains. Her assigned price target of […]

Emaar’s sales surge by Dh2 billion as more buyers snap up Dubai properties

Dubai: Emaar Properties said on Sunday that its quarterly property sales had increased by 53 per cent to Dh5.9 billion ($1.6 billion) compared to Dh3.9 billion in the first quarter of 2018. The company’s net profit also rose by 7.2 per cent to Dh1.7 billion in the first quarter, boosted by strong property sales. 123 […]

ADNOC Distribution hosts first Capital Markets Days in London and New York

Abu Dhabi: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, is holding its first Capital Markets Day presentations since its IPO on the Abu Dhabi Securities Exchange (ADX) in December 2017. Management will present today to institutional investors and analysts in London, with a similar presentation taking place tomorrow, May 8, in New York. The […]

China vice premier going to US for trade talks despite threats

BEIJING/WASHINGTON: Chinese Vice Premier Liu He will visit the United States this week for trade talks, Beijing said on Tuesday, playing down a sudden increase in tension after US President Donald Trump vowed to impose new tariffs. US officials have said China has backtracked on substantial commitments made during months of negotiations seeking to end […]

Officials meet to coordinate Goldman approach over 1MDB

Singapore: Law enforcement officials from the US, Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group Inc. over its work raising money for scandal-plagued state fund 1MDB, people with knowledge of the matter said. The meetings are taking place on Tuesday and Wednesday and include […]