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Authored by James Holbrooks via TheAntiMedia.org, Adding fuel to an already highly combustible situation in Southeast Asia, Reuters reported Tuesday that China has “largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea,” and that the Asian superpower “can now deploy combat planes and other military hardware there at any time.” Citing satellite imagery analyzed by the Asian Maritime […]

Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017:  Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]

Politics & Economics British Prime Minister Theresa May has outlined her desire for a trade deal with Qatar once the UK leaves the European Union She told an investment conference in Birmingham that Britain wants to work more closely with the Gulf state on defence, education and financial services. (Source: Al Jazeera English YouTube channel) Source link

If President Jacob Zuma of South Africa wanted to know how markets would react if he sacked Pravin Gordhan as finance minister, he got part of the answer this week. The rand shed 4.4 per cent of its dollar value earlier this week after Mr Zuma ordered Mr Gordhan to cancel a roadshow with investors on the first day and fly home from London, without explanation. The […]

According to RBC’s cross-asset strategist, Charlie McElligott, two things are behind today’s (painfully volumeless) market rally: i) a return of “policy divergence”, following yesterday’s hawkish announcements by the Fed (“up to 4 hikes”) offset by dovish hints by the ECB, which in turn is powering the dollar higher, and ii) OPEC “deal extension speculation” pushing oil prices higher. The result: the general reflation trade is back on. […]

We have been hearing President Rodrigo Duterte raising the alarm bells anew over alleged narco-politicians linked to the illegal drug trade down to the barangay level. President Duterte fears this pervasive problem will remain unabated if the elections of barangay and Sangguniang Kabataan (SK) will be held as scheduled this coming October 23. So again, the President suggested another postponement of the barangay and SK elections.  “Narco-politics […]

Speed was once a ticket to riches in financial markets. Now it’s the bare minimum. Electronic trading groups that made fortunes by being first to pounce on favourable prices are finding it tougher to stay ahead in markets where transactions unfold in billionths of a second. Their costs have risen at the same time that volatility and volumes — essential elements for profitable trading — have ebbed.  As a […]

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CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]

ABU DHABI // The UAE has banned all non-heat-treated poultry products from parts of the United States and Malaysia due to concerns about the spread of bird flu. The Ministry of Climate Change and Environment decided to take action following an alert from the World Organisation for Animal Health. The import ban affects all types of live domestic, wild and ornamental birds, as well as chicks, eggs […]

Elevate, one of the biggest subprime lenders in the US, is reviving plans to go public, seeking to cash in on a big lift in sentiment since the election victory of Donald Trump. Financial stocks have rallied hard since November 8, with big banks such as Bank of America rising as much as 50 per cent on hopes of fatter lending margins, lower taxes and lighter regulation. […]

HANOI: Vietnam on Thursday criticised a U.S. State Department award to detained blogger and environmental activist Nguyen Ngoc Nhu Quynh, often referred to by her pen name, “Mother Mushroom”. Quynh, detained in October for anti-state propaganda, was one of 13 women worldwide to receive an International Women of Courage Award. The awards were presented by First Lady Melania Trump on Wednesday. Foreign ministry spokesman Le Hai Binh […]

30 March 2017 The UAE decision of granting Indian passport holders with either a valid US visa or a green card a visa on arrival is a welcoming step as this will boost the tourism and trade between the two countries, informed Mr Kamal Vachani, Group Director, Al Maya Group, Regional Director, Electronics and Computer Software Export Promotion Council (ESC) for the Middle East and President – […]

By Eveline Danubrata and Agustinus Beo Da Costa | JAKARTA JAKARTA Indonesia’s government has proposed issuing a decree to govern the domestic tobacco industry, a move that could sharply raise cigarette output in the world’s fourth-most populous nation, after a bill outlining the changes was opposed by the health ministry and anti-smoking groups. The latest proposal was mooted at a meeting 10 days ago between the trade […]

Thursday 08:35 BST What you need to know ● Stock markets mixed after Wall Street’s steady display● Shanghai Composite hits 6-week low amid liquidity concerns● Sterling holds above $1.24 as traders ponder Brexit implications● Dollar index above 100 as euro softens on ECB report● Oil prices add to Wednesday’s 2.1 per cent gain and gold dips——————- Hot topic Traders are keeping a wary eye on the action […]

Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the […]

By Byron Kaye and Jeremy Wagstaff | SYDNEY/SINGAPORE SYDNEY/SINGAPORE The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country’s ruling conservative Liberal Party next week, according to documents and a government official. Cambridge Analytica, which has also said its “psychographic” methods helped the successful campaign for Britain to leave the European Union, […]

ABU DHABI // The amount of certain drugs seized in the UAE has almost tripled, while the number of drug-related criminals arrests has more than doubled in a year, according to the head of anti-narcotics at the Ministry of Interior. Lt Col Saeed Al Suwaidi said the production of Captagon and crystal methamphetamine in the GCC had gone through the roof in recent years because of political […]

InterAksyon.comThe online news portal of TV5 MANILA, Philippines — Senator Leila de Lima has filed a bill that seeks to impose stiff penalties on government officials who commit perjury or make others do so. De Lima is detained in Camp Crame after being charged with drug trading by the Department of Justice mainly on the testimony of convicts at the National Bilibid Prison who linked her to […]

TOKYO Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index .N225 was down 0.2 percent, while […]

The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]

By Mark Hosenball and Yeganeh Torbati | WASHINGTON WASHINGTON A U.S. State Department employee with access to sensitive diplomatic information was accused of failing to report her contacts with Chinese foreign intelligence agents who provided her with gifts in exchange for economic information, federal prosecutors said on Wednesday. A State Department spokeswoman had no immediate comment on the charges of obstruction of justice and making false statements […]

The wait for Washington’s new Republican political establishment to take on the regulations that hold the country’s media, internet and communications industries in delicate balance is over. Both chambers of Congress have lined up over the past week to slash the power of regulators to limit the freedom of the country’s cable and telecoms giants. The opening shot came on Tuesday, as the House of Representatives voted […]

Hedge fund managers may be criticised for their recent returns but they have consistently displayed a razor sharp sense of timing when it comes to picking when to sell their own businesses. When Och-Ziff, the New York-based hedge fund founded by the former Goldman Sachs trader Daniel Och, decided to sell equity to the public markets it did so near the top of the market in late […]

29 March 2017 Under the patronage of H.E. Sheikh Al Fadhil Bin Mohammed Al Harthy, Secretary General of the Council of Ministers, the first edition of Smart Cities Summit was launched on Tuesday at Oman Convention and Exhibition Center in the presence of a number of excellences, high officials and diplomats. The summit was attended by delegations from Dubai, Qatar, The Republic of Korea, KSA, USA, Belgium, […]

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