By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]
Photo Prime Minister Benjamin Netanyahu of Israel, left, with his host, Prime Minister Malcolm Turnbull, in Sydney, Australia, on Wednesday. The visit was a first by a sitting Israeli leader. Credit Jason Reed/Reuters SYDNEY, Australia — Prime Minister Benjamin Netanyahu of Israel was warmly welcomed here Wednesday by his Australian counterpart, Malcolm Turnbull, with the Israeli leader promoting the two countries’ growing ties as Israel faces rising […]
Demand for American hardwoods expected to pick up in the first half of 2017 as key projects near completion 22 February 2017 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, is gearing up to participate at the Dubai WoodShow 2017, which will take place from March 7 – 9 at the Dubai International Convention and Exhibition Center (DICEC). The […]
MANILA The foreign minister of the Philippines expressed doubt on Wednesday that a maritime sovereignty dispute with China could be resolved “during our lifetime”, so it was better to set it aside, engage Beijing and avoid an armed confrontation. In a defence of President Rodrigo Duterte’s decision not to push China to abide by an international arbitration ruling that went in Manila’s favour last year, Foreign Secretary […]
This is a difficult time for democracy, and autocratic leaders are on the rise. I refer, of course, to shareholder democracy and to the increasingly bold attempts of Silicon Valley entrepreneurs, when they go public, to prevent investors from having a say in the running of their company. The founders of Snap, the owner of the messaging service Snapchat are brazenly selling second-class shares that give investors […]
22 Feb 2017, Doha, Qatar The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) announced today its financial results for the full year ended 31 December 2016. The Group reported a net profit of QAR 501.4 million as compared to QAR 1,434 million for the same period in 2015, a decrease of 65%. The Bank reported a net profit of QAR 683 million (2015- QAR […]
By David Brunnstrom | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson spoke by telephone with China’s top diplomat on Tuesday and affirmed the importance of a constructive U.S.-China relationship, and the two agreed on the need to address the threat posed by North Korea, the State Department said. Tillerson and Yang Jiechi, China’s state councillor who outranks the foreign minister, also discussed economics and trade as […]
ABU DHABI // Combining the capabilities of Saudi Arabia and the UAE could create historic opportunities for the region, Sheikh Mohammed bin Rashid said on Tuesday. “Through our integration, solidarity and unity, we can protect our gains, enhance our economies and build a better future for our people,” the Vice President and Ruler of Dubai said at a joint retreat on Abu Dhabi’s Saadiyat Island, attended by […]
The International Monetary Fund’s description of Greek debt as potentially explosive has left negotiators in Brussels struggling to bridge the differences between Athens and its creditors before time runs out to avert default. With creditors unwilling to release the next tranche of bailout money needed to keep the country afloat, Greece is facing €7bn of debt redemptions in July that it cannot afford. Investors appear to have […]
European markets regulators are examining a potential loophole in share-trading rules, which they fear promotes lightly regulated, private networks rather than placing curbs on trade away from public exchanges. Concern is mounting that the rules, which take effect from next January, could be exploited by some banks and high-frequency traders (HTF), to sidestep policymakers’ determination to make share trading more transparent. In an effort to improve trading […]
WASHINGTON Secretary of State Rex Tillerson will visit Mexico this week along with the Homeland Security Secretary John Kelly to discuss issues including border security with the southern neighbor amid frayed relations under new U.S. President Donald Trump. Tillerson and Kelly will meet with Mexican President Enrique Pena Nieto and other top Mexican officials during the two-day visit on Wednesday and Thursday, the State Department said in […]
By Tom Allard and Liz Lee | KUALA LUMPUR KUALA LUMPUR Ri Jong Chol, a North Korean arrested in the probe into last week’s murder of the half-brother of the isolated state’s leader, lived in Malaysia for more than three years without working at the company registered on his employment permit or receiving a salary. Ri, 47, had a Malaysian work visa that showed he was an […]
Photo Red Crescent workers collected the bodies of migrants on Monday from a beach near the town of Zawiya, Libya. Credit Libyan Red Crescent CAIRO — The bodies of 74 migrants were recovered from a beach near the town of Zawiya in western Libya, rescuers said on Tuesday, an ominous sign before the high season for Mediterranean crossings. The bodies were believed to have come from a […]
Politics & Economics Chinese products have got highlights from the ongoing International Defense Exhibition and Conference (IDEX) that kicked off Sunday in Abu Dhabi, United Arab Emirates (UAE). Eight Chinese traders of military hardware are participating in this 13th edition of the five-day event, displaying planes, missile weapon systems, tanks, vessels, unmanned aerial vehicles (UAV), radar systems and other equipment in forms of weapon systems in kind […]
21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]
By Michael O’Boyle and Ana Isabel Martinez | MEXICO CITY MEXICO CITY Mexico’s central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday. “We are in an especially complex environment,” Diaz de Leon told Reuters in an interview. Diaz de Leon pointed to the heightened risk of inflation from a weak […]
Success for banks selling large blocks of stock in the European market this year points to a supportive environment for new listings in the months ahead, bankers say. There have been 70 such accelerated offerings so far this year according to Dealogic, worth €11.3bn, more than double the €5.5bn sold in the same period a year ago when anxiety about the state of China’s economy prompted much […]
Australian Prime Minister Malcolm Turnbull has reiterated that parts of the Trans-Pacific Partnership (TPP) trade deal are still worth salvaging despite the United States’ withdrawal last month, with Australia to continue pushing for a revised deal during a meeting in March with the remaining TPP members in Chile. “While Australia is disappointed by the decision of the United States to withdraw from the Trans-Pacific Partnership, we are […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
With US stocks in record territory and the S&P 500 index the most richly valued in more than a decade, some investors see dark clouds gathering on the horizon. The S&P 500, a broad measure of the stock prices of America’s largest companies, ended last week at a record high and has risen almost 10 per cent since the election of Donald Trump as president in November. […]
Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant. There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]
By Jeff Mason and Roberta Rampton | WEST PALM BEACH, Fla./BRUSSELS WEST PALM BEACH, Fla./BRUSSELS U.S. President Donald Trump considered his options for a new national security adviser on Monday as his vice president, Mike Pence, said he had been disappointed by the actions of the man ousted from the job and supported his dismissal. Trump asked for Michael Flynn’s resignation on Feb. 13 after reports emerged […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
LONDON The head of Britain’s biggest trade union Unite is likely to meet the CEO of Peugeot (PEUP.PA) on Friday in London to discuss the potential takeover of General Motors’ (GM.N) European operations, a trade union source told Reuters. “It looks like it is happening on Friday morning,” the source said of the meeting between Unite General Secretary Len McCluskey and Peugeot Chief Executive Carlos Tavares. There […]
