Turkish industrial output rises for second month in a row in October

ISTANBUL: Turkish industrial production rose for the second month in a row in October after a year of declines as the economy recovers from recession, though the expansion in output from a year earlier was lower than expected at 3.8 per cent, official data showed on Friday. Industrial output was expected to have risen 6.2 […]

China’s Xi to unveil plans to make Macau financial hub, Reuters says

Beijing: Chinese President Xi Jinping plans to announce policies aimed at diversifying Macau’s economy beyond gaming, Reuters reported, in a nod of support as unrest continues to trouble neighbouring Hong Kong. The policies include establishing a yuan-denominated stock exchange, accelerating a yuan settlement centre that is currently being developed and allocating land for Macau, Reuters […]

Eye-watering palm oil price sees India turn to sunflower oil

Palm oil’s searing rally likely forced many buyers from India to the sidelines in November, with purchases by the world’s biggest importer dropping to a five-month low. Sunflower oil imports jumped. Shipments of palm oil shrank almost 11% from a month earlier to 696,000 tons, a second month of decline and the lowest since June, […]

China vehicle sales to fall 8% this year in second straight drop

Vehicle sales in China are set to fall about 8% this year, an industry body said, the second straight annual drop for the world’s biggest auto market as consumers stay away from showrooms amid a cooling economy. The China Association of Automobile Manufacturers gave the estimate on Thursday in Changsha, China. The drop compares with […]

Mubadala reports 15% increase in office leasing on Al Maryah Island

Abu Dhabi: Mubadala Real Estate and Infrastructure announced a 15 per cent growth in occupancy across its four office tower buildings on Abu Dhabi’s Al Maryah Island, with positive numbers also coming out of its hospitality and residential sectors. “Al Maryah Island is comprised of various sectors [for Mubadala], we have office space, retail, residency […]