The French presidential election is setting up a critical test of resolve for Japanese investors as life assurers, big banks and struggling regional lenders enter a second year under the Bank of Japan’s negative interest rate policy. The policy shift by the BoJ in February 2016 accelerated efforts by Japanese investors to seek higher fixed-rate returns overseas and has raised the sensitivity of their portfolios to global […]
14 March 2017 Dubai, United Arab Emirates – The 10th edition of GESS Dubai begins today at the Dubai World Trade Centre, with over 10,000 education professionals from around the region expected to attend over the course of the three-day event. Organised by F&E Education, GESS Dubai is under held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of […]
By Anna Irrera | NEW YORK NEW YORK Brokerage Charles Schwab Corp (SCHW.N) on Tuesday launched a service that combines its automated investment management technology with human advisors, as financial institutions race to offer digital financial advice. The service, called Schwab Intelligent Advisory, provides clients with a financial and investment plan, unlimited access to a human advisor via phone or video conference, and an investment portfolio of […]
From the geometric work of Tunisian artist Nicène Kossentini – who spent time in Córdoba’s Great Mosque while on a residency in Andalusia and produced abstracted drawings based on Tawq Al Hamamah (The Ring of the Dove), a 11th-century treatise of love written by Ibn Hazm – to the paintings of Ahmed Morsi, the pieces displayed as part of the 11th edition of Art Dubai hold fascinating […]
To investors still betting — either by choice or technical necessity — that Toshiba can pull off a miracle escape act, Monday night produced yet another dispiriting blow. With just hours left before the troubled Japanese conglomerate was due to submit its audited third-quarter earnings — an already overdue document critical to its continued status as a listed entity — sources close to the company confirmed that […]
KUALA LUMPUR: The Domestic Trade, Cooperatives and Consumerism Ministry will return confiscated pig bristle paint brushes to traders if they comply with the Trade Descriptions Act 2011. Its minister, Datuk Seri Hamzah Zainuddin, said business operators have been given a one-month period to label all paint brushes made with pig bristles (as non-halal). He said since March 9, inspection has been carried out to detect whether traders […]
Okta, the identity and device management firm based in San Francisco, has filed to go public. According to its S-1 form with the US Securities and Exchange Commission, Okta plans to raise up to $100 million of Class A common stock through an initial public offering and trade on the NASDAQ market under the symbol OKTA. Goldman, Sachs, JP Morgan Securities and Allen & Company are lead […]
Turkish president Recep Tayyip Erdogan has loomed over European politics for more than a decade, entangled in the awkward embrace of reluctant allies. This weekend he burst into the middle of a fraught electoral season. The Dutch were behaving like Nazis, the Germans too, he said, by banning his foreign minister from speaking at rallies in their countries and setting police dogs on Turks who protested the […]
Nervousness in the US stock market has climbed to the highest level since the aftermath of the presidential election, even as equities have charted a mostly smooth path to further all-time highs in recent weeks. Credit Suisse’s fear barometer rose at the end of last week to 35.6, an increase of almost 10 points from the previous week and the highest reading since November 9, the day […]
By Irene Preisinger | MUNICH, Germany MUNICH, Germany German Chancellor Angela Merkel underscored the importance of free trade in a speech to business leaders in Munich, before her first trip to meet U.S. President Donald Trump in Washington for talks on a range of issues, including defense spending. Merkel had been due to meet Trump for more than two hours on Tuesday, but her trip was postponed […]
President Rodrigo Duterte said he has instructed the military to assert Philippine ownership of a large ocean region off the country’s northeastern coast, where China’s survey ships were spotted last year, in a discovery that alarmed Philippine defence officials. Duterte said on Monday that he ordered the military to assert ownership of Benham Rise in a friendly way, repeating that his country has no option but to […]
By Yashaswini Swamynathan The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares – ahead of a widely expected interest rate hike – were weighed down by losses in drug stocks. The Federal Open Market Committee, the central bank’s policy-setting board, is expected to lift interest rates by a quarter point to 0.75 percent-1.00 percent after a two-day […]
Abraaj Group Art Prize In October last year, Rana Begum won the US$100,000 (Dh367,250) Abraaj Group Art Prize. The title is awarded each year to aid an artist realise a proposed project, which is later unveiled at Art Dubai. Begum, a Bangladeshi-born, London-raised artist, is interested in the geometry of a city. Her brightly coloured, angular metal sculptures and installations look at the unexpected architecture of a […]
Why Tavira? At the eastern end of southern Portugal’s perma-sunny Algarve region, Tavira has none of the brashness and concrete overdose that afflicts many of the resort towns in the centre. With a proud heritage dating back through Islamic Al-Andalus, the Roman era and Phoenician traders, Tavira has an authenticity that lends historical weight to its good looks. And boy does it have good looks. Built on […]
In textbook fashion, the Federal Reserve has prepared traders and investors for a 25 basis points increase in policy interest rates this week. When it comes to lasting effects on markets, however, the Fed is likely to deliver more than the third rise in 10 years. It will also signal an important evolution in its policy approach aiming for a beautiful rate normalisation. Facing an implied probability […]
By Tim Kelly and Nobuhiro Kubo | TOKYO TOKYO Japan plans to dispatch its largest warship on a three-month tour through the South China Sea beginning in May, three sources said, in its biggest show of naval force in the region since World War Two. China claims almost all the disputed waters and its growing military presence has fuelled concern in Japan and the West, with the […]
Volkswagen Volkswagen has already taken a battering to its reputation due to the emissions scandal and is now tarnished further as the automaker has pleaded guilty to criminal charges as part of a settlement with the US Department of Justice (DoJ). On Friday, the automaker pleaded guilty in a Detroit federal court to felonies in connection with the 2015 emissions scandal. For years, the company sold a’clean […]
March 13, 2017 by: Hudson Lockett in Hong Kong and Michael Hunter in London Monday 07:15 GMT What you need to know US West Texas Intermediate crude is at $48.33 a barrel, having fallen under $48 for the first time in more than three months. The pound is holding above $1.22 as speculation mounts that the UK government is poised to trigger Article 50 of the Lisbon […]
Stock photo The price of Bitcoin plummeted after the US Securities and Exchange Commission (SEC) denied a request to bring Bitcoin to the financial market, highlighting how the value of the virtual currency can change within minutes. In February, the virtual currency’s value reached an all-time high of over $1,300 with investors taking a punt on rumors SEC would allow the first Bitcoin ETF. An exchange-traded fund […]
Allu Arjun takes a seat in Ray’s Bar at Jumeirah Etihad Towers, sets his bag by his side and slides back. The camera moves in as he prepares for his scene, a confrontation between the film’s hero, played by Arjun, and the villain, who is trying to steal his girl. It’s the 11th day of filming for the Telugu film stars of Duvvada Jagannadham, the latest in a series […]
By Angela Moon | NEW YORK NEW YORK For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the first two days of trading and […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence. Both Riyadh and Beijing are currying favour with the strategically located 820km-long chain of Indian Ocean atolls, in efforts analysts believe […]
Google’s self-driving unit, now called Waymo, is going after Uber, and it’s making it clear. It’s stepping up its legal attack on the popular ride-hailing company, most recently by asking a court to block Uber from leveraging technology, which it allegedly stole from Waymo to get ahead in the race for driverless cars. Waymo’s Uber Lawsuit The two, both Silicon Valley companies, are duking it out over […]
