ALOR STAR: Kedah Mentri Besar Datuk Seri Ahmad Bashah Md Hanipah today visited the victim of a freak storm that blew away a tent during the 63rd PAS Muktamar on Saturday night. Ahmad Bashah met the victim during his visit to the Sultanah Bahiyah Hospital (HSB) for his routine checkup. “Since I am here and I heard about what happened last night, I decided to visit the […]
By Patrick Rucker | HARRISBURG, Pa. HARRISBURG, Pa. U.S. President Donald Trump hit the road on Saturday to celebrate his first 100 days in the White House with cheering supporters at a campaign-style rally, touting his initial achievements and lashing out at critics. Trump told a Pennsylvania crowd he was just getting started on meeting his campaign promises. He repeatedly attacked an “incompetent, dishonest” media, saying they […]
SEOUL South Korea’s finance minister said on Sunday the government was already working on downsizing its trade surplus with the United States, a reference to U.S. President Donald Trump’s comments Thursday that Washington will renegotiate or scrap the free trade pact the two countries have. Finance Minister Yoo Il-ho added in televised comments he did not expect the free trade agreement will be terminated. It has been […]
Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]
Al Qudra Holding, an Abu Dhabi-based real estate and investment company, agreed to buy Al Rayan Investment Co for more than 1 billion dirhams ($272 million) in stock. Shareholders also approved listing Al Qudra shares in Abu Dhabi. The acquisition will involve issuing 210.4 million new shares and boost Al Qudra’s assets to about 4 billion dirhams, the company said Saturday in an emailed statement. Al Rayan […]
BRUSSELS European Union leaders promised on Saturday to embrace the British province of Northern Ireland into the EU if a referendum in the future were to unite it with the Republic of Ireland. At a summit on the EU’s plan for negotiating with Britain as it leaves the bloc, Irish Prime Minister Enda Kenny asked fellow members to acknowledge that Northern Ireland would, like East Germany in […]
By Giselda Vagnoni and Agnieszka Flak | ROME/MILAN ROME/MILAN Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed. Outraged at repeated state bailouts that have cost taxpayers more than 7 billion euros ($7.62 billion) over a decade, many Italians are taking to social media to urge […]
European leaders are warning Theresa May over her “completely unreal” expectations of a swift trade deal, as they gathered in Brussels to agree a tough opening stance on Brexit talks. Jean-Claude Juncker, the European Commission president, briefed an EU summit on Saturday on a recent dinner where the British prime minister said any Brexit exit payment would only pass before 2019 if accompanied by a full trade […]
It has a granite fountain and a bosque of shade trees. And to some rightwing Americans, the new headquarters of the Consumer Financial Protection Bureau is a monument to all that went wrong under eight years of Barack Obama’s presidency. The budget for the refurbishment of the Washington DC building, at about $363 a square foot, makes it more expensive than the Venetian hotel in Macau or […]
By Matthias Blamont and Simon Carraud | PARIS PARIS French far-right presidential hopeful Marine Le Pen on Saturday chose defeated first-round candidate Nicolas Dupont-Aignan as her prime minister, a bid to attract his voters and help her to victory over centrist favourite Emmanuel Macron. Dupont-Aignan is a nationalist whose protectionist economic policies are close to those of the National Front’s Le Pen and who, like her, wants […]
BERLIN Online fashion retailer Zalando (ZALG.DE) is pondering opening stores in major cities such as London, Paris or Berlin, the company’s co-chief executive told Germany’s Manager Magazin. “We have proper fans in the metropolises who spend much time with us and order a lot,” co-Chief Executive Rubin Ritter said in an interview published on Saturday. “It could be interesting for them to also experience the brand offline,” […]
Say you’re a gaming company that released a brand-new console, a throwback to one of your old hits. Suppose it became an instant rousing hit to the point where a lot of people went out of their way to snag one from any store that had it. This is great, right? People actually want your product, a demand which you had not expected from the get-go. What […]
President Donald Trump’s populist views, reality television stardom, and penchant for Twitter insults all but guaranteed an out-of-the-ordinary first 100 days for the billionaire political neophyte. A look at the data reveals how Mr Trump compares with previous Oval Office occupants. Bills signed into law Enacted legislation for last seven presidents in first 100 days Source: govtrack.us The White House touts that Mr Trump has accomplished more […]
Russia’s central bank cut its key interest rate, citing the country’s continued emergence from a two-year recession — but the move failed to stop the rouble pushing higher on Friday. The cut — by 0.5 per cent to 9.25 per cent — went further than the incremental 0.25 per cent drop the bank implemented last month, suggesting that the bank was confident of reaching its inflation targets […]
Donald Trump plans to end or renegotiate any trade deal that does not increase US economic growth, reduce the US trade deficit or contribute to higher US wages, according to a leaked draft of an executive order obtained by the Financial Times. The draft of the order Mr Trump had been planning to sign on Saturday before his high-profile U-turn this week calls for US officials to […]
Ras Al Khaimah has reaffirmed its position as the region’s fastest growing tourism destination for international travellers following increased year-on-year visitor numbers during the first quarter of 2017. New figures reported by Ras Al Khaimah Tourism Development Authority (RAKTDA) revealed that overall visitor arrivals to the emirate in Q1 grew by 8.3 percent year-on-year. With domestic tourism still the single largest contributor to Ras Al Khaimah’s tourism […]
When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders will endorse a stiff set of divorce terms for Britain at a summit on Saturday, rejoicing in a rare show of unity in adversity, but well aware that may start to fray once negotiations begin. Meeting for the first time since British Prime Minister Theresa May formally triggered a two-year countdown to Brexit in late March, the 27 […]
North Korea tested a ballistic missile on Saturday morning local time, in a provocative move that came just hours after Rex Tillerson, US secretary of state, called on UN member states to impose “painful” sanctions on the regime in Pyongyang. US Pacific Command, which oversees US forces in Asia, said North Korea launched a missile at 5.03am local time on Saturday from a location near Pukchang airfield, […]
Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average .DJI fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 .SPX lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders at a Brexit summit on Saturday will give a formal undertaking to embrace the British province of Northern Ireland in the EU if a referendum unites the island, diplomats said on Friday. Irish Prime Minister Enda Kenny has asked fellow members of the bloc to acknowledge that Northern Ireland would, like East Germany in 1990, automatically enter the […]
Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]
The US economy expanded at its weakest pace in three years during the opening months of the year, underlining the daunting task facing Donald Trump’s administration as it seeks to attain ambitious growth targets. Gross domestic product grew at a 0.7 per cent annual rate in the first three months of 2017, according to the Bureau of Economic Analysis, a sharp drop from 2.1 per cent at […]
