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By Michel Rose and Ingrid Melander | PARIS PARIS Far-right candidate Marine Le Pen and centrist Emmanuel Macron clashed over their vision of France’s future, the euro and ways of fighting terrorism in an ill-tempered televised debate on Wednesday before Sunday’s run-off vote for the presidency. The two went into the debate with opinion polls showing Macron, 39, with a strong lead of 20 percentage points over […]

Digitization identified as key for region to retain leadership in global logistics landscape Dubai, United Arab Emirates, May 4 2017  Supply chain optimization took center stage at the ninth GPCA Supply Chain Conference, which took place between 2-4 May 2017 at the Rosewood Hotel in Abu Dhabi. During the event, speakers highlighted logistical efficiency as a top industry priority in the GCC as traditional supply chains across […]

China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]

Earlier today, MarketWatch highlighted the rather blunt investing advice that the ‘highly reputable’ investing newsletter, The Prudent Speculator, and its editor, John Buckingham, recently offered up to millennial investors: “If you are 50 or younger, or have 10 years before taking money out, and do not have 100% in equities, you are crazy.” And while we can certainly appreciate his attempt to achieve crystal clarity with his […]

By Yeganeh Torbati | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson on Wednesday outlined for his staff how an “America First” agenda translates into foreign policy, but did not address the Trump administration’s proposed budget cuts, which worry many diplomats. It was the first time Tillerson had addressed all employees since his first day on the job on Feb. 2, when he spoke to hundreds of […]

While we doubt anything material will emerge for various obvious reasons, the NY Post reports that the DOJ is probing Goldman Sachs for alleged Treasury auction rigging: the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011 even after the Treasury department established safeguards to maintain competitiveness. The case is said to center on […]

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ITFC and ITC sign partnership agreement on project implemenation in Djibouti and Algeria 03 May 2017 Jeddah, Kingdom of Saudi Arabia  The Islamic Development Bank (IsDB) Group and the International Trade Centre  (ITC), will work together to implement joint projects and strengthen the competitives of SMEs in IsDB member countries. This was disclosed during an official visit by Arancha Gonzalez, Exective Director of ITC, to the President […]

The Abu Dhabi International Book Fair completed its 27th edition on Tuesday. On the surface the event did what it was designed to do. Thousands of books were sold, literary awards were handed out, a new publishing house was announced, publishing deals were signed and authors’ works were snapped up in languages ranging from Chinese to Turkish. But it is only when you spend a serious amount […]

The law justifying Britain’s Brexit bill is hotly contested, the variables in the calculation are legion and the negotiation has yet to start. But there can be no doubt that the EU’s €100bn demand to settle Britain’s exit dues is one of the biggest political dangers in the Brexit process. The Financial Times estimated the bill using the EU’s negotiating guidelines, the more detailed draft mandate for […]

By James Pearson and Alexei Chernyshev | SEOUL/VLADIVOSTOK, Russia SEOUL/VLADIVOSTOK, Russia When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency. Some academics who study North Korea argue Kim could be looking for Russia to ease […]

Saudi Arabia said Tuesday that it will issue a quarterly budget progress report for the first time as part of efforts to boost transparency while diversifying its oil-dependent economy. The world’s biggest oil exporter is wooing investors as it tries to reduce budget deficits caused by a collapse in energy revenues. “We will for the first time in Saudi announce, possibly in a couple of weeks or […]

News from the FT that the UK may face an initial Brexit bill of up to €100bn has dented sterling this morning. The currency fell by 0.2 per cent against the dollar to $1.29, nibbling into some of its eye-catching recent gains before recovering slightly. Against the euro, the pound is also down by 0.14 per cent to €1.1823. Broadly, the path for sterling since the general […]

By Karolin Schaps | LONDON LONDON Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much higher-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply. Benchmark Brent crude LCOc1 was up 37 cents at $50.83 a barrel at 0815 GMT. On Tuesday the futures had settled at their lowest since Nov. 30, when the Organization of the Petroleum Exporting […]

Elsewhere on Wednesday, – TFW you have become verb used to specify there should be no lying in this particular bond quoting: Shortly after his indictment in 2013, Mr. Peters engaged in a chat session with a potential buyer about the price that would be offered for mortgage securities. The customer wrote, “Ok don’t litvak me! Go ahead with that bid.” – Guardian longread on where oil […]

MEXICO CITY Three successive Mexican presidents have failed to halt a cycle of violence against journalists and impunity for their killers that is stifling freedom of expression, a watchdog group said on Tuesday. The Committee to Protect Journalists (CPJ) urged President Enrique Pena Nieto to prioritize protection for the media in the last year of his government, after at least 21 journalists were slain in the past […]

Abu Dhabi // The prime minister of Libya’s UN-backed government and the country’s most powerful military commander met in Abu Dhabi on Tuesday for direct talks on ending Libya’s conflict. The meeting came after months of international pressure and a failed attempt at negotiations in Cairo in February. The rival figures met face to face “thanks to international and Arab mediation”, according to Libya’s Lana news agency. […]

Your daily guide to community and cultural activities across the Emirates for May 3, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Cultural tour Spend […]

Marine Le Pen and Emmanuel Macron have each promised to bring renewal to French politics. Still, the two insurgent candidates, who will go head to head in the second round of the presidential election on Sunday, have clashed over how to handle the challenges facing France.  Ms Le Pen, of the National Front, is running on a populist, anti-immigration platform but has spurned economic liberalism in favour […]

The New Zealand dollar is the best-performing major currency in Asia today in the wake of strong labour market data. The country’s unemployment rate fell to 4.9 per cent in the three months ended March 31 from 5.2 per cent in the December quarter, according to Statistics New Zealand. This was a better result than the 5.1 per cent economists had pencilled in. It was the equal-lowest […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks followed global indexes higher on Wednesday, as strong earnings and manufacturing data boosted risk appetite, while expectations that the Federal Reserve will signal a June rate increase later in the session lifted the dollar. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in […]

By Brenda Goh and Andrew R.C. Marshall | KHON PI LONG, Thailand KHON PI LONG, Thailand China’s plan to blast open more of the Mekong River for bigger cargo ships could founder on a remote outcrop of half-submerged rocks that Thai protesters have vowed to protect against Beijing’s economic expansion in Southeast Asia. Dynamiting the Pi Long rapids and other sections of the Mekong between Thailand and […]

The UAE’s Ministry of Foreign Affairs and International Cooperation has announced that it has activated entry visas for Indian citizens who hold a US green card and visa. Ahmed Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry, said Indian citizens who hold green card or visa issued by the US shall be granted entry visas to the UAE for a period of 14 days which […]

Shares in Advanced Micro Devices logged their biggest one-day drop in more than 10 years on Tuesday after the chipmaker posted downbeat first-quarter sales and received an analyst downgrade. AMD was the biggest decliner on the S&P 500, falling 24.4 per cent to $10.30 after the company said net revenues rose 18 per cent from a year ago to $984m but was shy of analysts’ estimates of […]

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