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TOKYO U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president’s ability to push through an aggressive stimulus program that investors had […]

With the greenback stuck in the doldrums, Japan’s yen has shaken off some of its recent weakness to reach its strongest level in nine days. The yen pushed as much as 0.4 per cent higher in early Asia trade to ¥112.71 per dollar, the firmest level since May 8. Japan’s currency had weakened to as much as ¥114.37 as recently as Wednesday, the softest level since mid-March. […]

Investors have accelerated their buying of European financial assets in the wake of Emmanuel Macron winning the French presidency, but a top executive at one of the world’s biggest asset managers cautions that the region’s stock markets aren’t as cheap as they appear. European equity funds enjoyed their strongest week of inflows on record last week — pushing the EuroFirst 300 index up 3.7 per cent this […]

Dubai, 16 May 2017 At ICM Capital LTD, we’re committed to helping our clients transform the way they trade.  We know that simply being good for ICM Capital is not enough. We must also be good for our partners and the communities in which we live and work. We’re in a great position to make sure that we set an example in our world of trading. As […]

Interview London’s euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT’s Philip Stafford and Daniel Hodson, chairman of FSNForum and board member of Vote Leave, discuss the merits of such a move. May 16, 2017 Produced by Alessia Giustiniano. Filmed by Rod Fitzgerald. Source link

Europe’s top court has ruled that a key EU-Singapore agreement requires backing by all EU member states — but only for a narrow set of issues — in a decision that could chart the way for a post-Brexit trade accord with the UK. The European Court of Justice ruled that EU member states must sign off on specific areas related to investment in the Singapore trade deal. […]

Is palladium, for the first time in nearly 16 years, about to become more expensive than platinum? The price difference between the two raw materials fell to less than $100 an ounce this month as palladium flirted with its highest price since September 2014 but its cousin eyed its cheapest level in 15 months. Both sometimes can be sensitive to the kind of precious metal cachet afforded […]

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Sheikh Mohammed bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Sitting alongside one another in the Oval Office, the US president called Sheikh Mohammed a “very special person” who loves his country and loves the US. The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces is […]

Rolls-Royce has unveiled a new collection of cars with design touches inspired by Sheikh Zayed, Founding President of the UAE, as well as Abu Dhabi landmarks and Emirati history and traditions. The Wisdom Collection features seven bespoke Rolls-Royces: a Phantom VII, two Phantom Coupés, two Wraiths, a Ghost and a Dawn. The concept was put together by Joseph Tayar, Rolls-Royce brand manager at Abu Dhabi Motors, the […]

SEOUL North Korea’s missile programme is progressing faster than expected, South Korea’s defence minister said on Tuesday, hours after the UN Security Council demanded the North halt all nuclear and ballistic missile tests and condemned Sunday’s test-launch. The reclusive North, which has defied all calls to rein in its weapons programmes, even from its lone major ally, China, has been working on a missile, mounted with a […]

By Ami Miyazaki and Taiga Uranaka | TOKYO TOKYO Japan’s government said on Tuesday it wanted Toshiba Corp (6502.T) and partner Western Digital Corp (WDC.O) to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba’s chip unit. Western Digital sought international arbitration this week to stop Toshiba from selling the unit without its consent, arguing that the Japanese […]

By Ian Simpson | WASHINGTON WASHINGTON Codes to gain access to United Airlines cockpits may have been made public, the carrier said on Monday, but it stopped short of confirming a report that a flight attendant inadvertently published the codes online in a potential threat to air security. The airline still could keep its flight decks secure through other measures, Maddie King, a spokeswoman for United Continental […]

ABU DHABI // Sheikh Mohammed Bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Mr Trump’s press secretary, Sean Spicer, said the agreement, which was concluded “recently”, would allow the UAE and United States “to work more closely together to address common security threats”. “The [US] president hopes to work together even […]

Rolls-Royce lagged behind a London market rally on Monday that lifted the FTSE 100 to a fresh record high. Rolls was under pressure after Investec questioned whether management can hit a target of delivering more than £1bn in free cash flow by 2020. The cost of developing a new engine for Boeing could be “a material headwind” to that goal, the broker warned. Boeing is reportedly finalising […]

U.S. stocks opened higher on Monday as a rise in oil prices boosted energy stocks, soothing some nerves following a massive cyber attack that locked up 200,000 computers in more than 150 countries. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally […]

Authored by Federico Pieraccini via The Strategic Culture Foundation, With Moon Jae-In’s victory in South Korea, the period of tension on the Korean Peninsula is likely to end. With the rise to power of the new president, South Korea can expect a sharp decline in hostilities with North Korea as well as a resumption of dialogue with China. An expected and highly anticipated victory was confirmed in South Korea on […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices jumped 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until March 2018. Brent crude was at $51.58 per barrel at 0621 GMT, up 74 cents, or 1.46 percent, from its last close and […]

By Hyunjoo Jin | YONGIN, South Korea YONGIN, South KoreaSouth Korean engineer Kim Gwang-ho flew 11,000 km (7,000 miles) to Washington last year to do something he never dreamed he would: he reported alleged safety lapses at Hyundai Motor Co – his employer of 26 years – to U.S. regulators. Citing an internal report from Hyundai’s quality strategy team to management, Kim told the U.S. National Highway […]

A report from the Office of the Australian Information Commissioner (OAIC) has revealed that only 53 percent of people it surveyed were able to nominate an organisation to report the misuse of their information to. The OAIC said that when asked, only 47 percent admitted awareness of a Privacy Commissioner — either federal or state level — but a mere 7 percent said they would report misuse […]

By Benjamin Kang Lim | BEIJING BEIJING China and the Philippines will start bilateral consultations on the disputed South China Sea this week, the Philippine ambassador to Beijing said, as Manila looks to ease tensions with Asia’s top economic power. Philippine President Rodrigo Duterte, who is visiting Beijing this weekend to attend a summit on China’s new Silk Road plan, has opted to court China for its […]

By Michael Martina and Christian Shepherd | BEIJING BEIJING North Korea kept a low profile at the opening of a summit in Beijing on China’s new Silk Road plan on Sunday, after the United States warned China Pyongyang’s attendance could affect the participation of other countries. North Korea’s attendance at China’s biggest diplomatic event this year raised further eyebrows after Pyongyang fired a ballistic missile early on […]

Abu Dhabi // Sheikh Mohammed bin Zayed will hold talks at the White House with Donald Trump on Monday to discuss enhancing cooperation on counterterrorism, confronting Iran and other core issues in the increasingly close relationship. Over the course of what is expected to be a two-day visit to Washington, Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is also […]

President Uhuru Kenyatta of Kenya has called on China to rebalance an increasingly skewed trade relationship between Africa and the rising superpower, arguing that Beijing must do more to tackle a widening trade deficit. Africa’s trade balance with China has moved decisively into deficit due to a fall in the price of many African commodities, such as oil, copper, iron ore and cocoa. In 2015, the most […]

14 May 2017 Manama, Bahrain: Bank ABC (Arab Banking Corporation B.S.C.) today announced that its consolidated Group net profit, attributable to the shareholders of the parent, for the first quarter of the year 2017 was US$50 million. These results are 22% higher compared to a profit of US$41 million reported for the same period last year, benefitting from strong performance in all core businesses. Total operating income […]

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