By Jutarat Skulpichetrat | CHONBURI, Thailand CHONBURI, Thailand The most senior U.S. officer to visit Thailand since a 2014 coup emphasised the importance of restoring democracy on Tuesday as he launched the annual Cobra Gold military exercise. The United States scaled down its presence at Asia’s largest annual multinational military exercise as one of the former U.S. administration’s steps to pressure the junta. With ties improving even […]
Donald Trump’s embrace of protectionism and opposition to multilateral trade deals has prompted EU leaders to ask how Europe might deepen ties with Asia as a way of bolstering global commerce and safeguarding export markets. Some officials have talked about Europe performing its own trade pivot to Asia as well as other emerging markets. But closer engagement, especially with China, at a time of global economic upheaval […]
Tuesday 04:40 GMT. Overview Equities in Asia were struggling ahead of comments by Federal Reserve chair Janet Yellen and as oil prices climbed back from a drop spurred by a report indicating output from the US was set to pick up. Hot topic Stock markets in the region deteriorated in afternoon trading, with Australia’s S&P/ASX 200 flat after giving up an early gain of 0.4 per cent, […]
The United States on Monday labelled Venezuela’s vice-president an international drug trafficker, freezing millions of dollars worth of his US-based wealth as it accused him of facilitating multiple one-ton narcotics shipments to Mexico and the US from a Venezuelan air base and the country’s ports. The US Department of the Treasury formally designated Tareck El Aissami a drug kingpin for “playing a significant role in international narcotics […]
Excerpted from today’s Blain’s Morning Porridge by Bill Blain of Mint Partners Over weekend drinks, dinners, very good lunches and rugby banter I was repeatedly told by my chums with real jobs in Industry, Services and Government how terrible this Trump fellow is turning out. It’s terribly liberal of us all to be illiberal about him. A couple of times I tried to respond in rational terms […]
13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017 Advertisement SHUAA Capital today reports results […]
The merger of the National Bank of Abu Dhabi and First Gulf Bank will be official from April 1, with shares in the new company trading from the next day, it was announced on Monday. The Abu Dhabi Securities Exchange said that it had completed the procedures for the unification of the records of the stakeholders in both banks, state news agency WAM reported. The indicative market […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
By Angus McDowall | ALEPPO, Syria ALEPPO, Syria In the rubble-strewn square outside Aleppo’s ancient citadel and under the scorched vaults of its covered souk, workmen are starting to mend the destruction of a war that has shattered the Syrian city’s priceless historical heritage. About 20 volunteers sorted through the debris in Khan al-Gumruk, one of the souk’s great medieval inns, piling up the stones from a […]
Markets have started this week feeling much relieved, notes Bloomberg’s Richard Breslow, as the understandable fears that U.S.-Asia strategy might continue their lurch toward direct economic confrontation were given a respite. The phone call with Chinese President Xi went better than feared. And once the picture of the Japanese Prime Minister and American President high-fiving on the golf course was passed around, the sighs of relief were […]
|By Matein Khalid| The US Dollar Index has now fallen 3.5% since it peaked on January 3. Donald Trump and his White House aides broke the 20 year taboo against speaking out against the “strong dollar” policy platitudes. The Federal Reserve did not raise interest rates and signaled no rate hike is imminent at the March FOMC. It is significant that the US dollar has fallen against […]
Japan’s yen softened further in early Asian trade on Monday after the country reported slower than expected fourth-quarter growth. The yen slipped 0.8 per cent to ¥114 per dollar, its weakest since January 30, following the release of data showing gross domestic product for the three months to December grew 0.2 per cent quarter on quarter, coming in below estimates of 0.3 per cent growth. The currency […]
By Jamie McGeever | LONDON LONDON World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called “Trump trades” as investors bet that the U.S. president’s tax reform plans will boost economic growth and corporate profits. Following on from Friday’s record high closes on Wall Street, Asian stocks rallied to 1-1/2-year peaks and European stocks rose for the fifth consecutive session on Monday, their […]
They see their quasi-celebrity status as a chance to build up the sport in the Cayman Islands, where N.H.L. games are regularly shown in sports bars and roller-hockey and ball-hockey programs have been in place since the 1980s. “We’re trying to promote the game,” Klein said. “This is not just a bunch of old guys living their dream.” Christine Maltman, Klein’s wife, successfully pitched a fund-raising idea, […]
Submitted by Nick Kaman of Letters from Norway Introduction: Norwegians are just now starting to grapple with the effects of their “single cylinder” economy, mostly dependent on oil and gas (ca. 60% of exports). Despite optimism about $50-$70/barrel oil, American crude output is surging, on track to be the highest ever, since 1970, while cracks start to form in OPEC’s latest agreement. In addition to the oil […]
By Meng Meng and Josephine Mason | BEIJING BEIJING China is considering forcing steel and aluminium producers to cut more output, banning coal in one of the country’s top ports and shutting some fertiliser and drug plants as Beijing intensifies its war on smog, a draft policy document shows. The Ministry of Environmental Protection (MEP) has proposed the measures in a draft policy document seen by Reuters. […]
By Tetsushi Kajimoto and Stanley White | TOKYO TOKYO Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Data on Monday showed the world’s third-largest economy grew an annualized 1.0 percent in October-December, roughly in line with […]
By David Alire Garcia | MEXICO CITY MEXICO CITY Thousands of protesters in more than a dozen Mexican cities took to the streets on Sunday to express their fierce opposition to U.S. President Donald Trump, portraying the new leader as a menace to both America and Mexico. Waving Mexicans flags and hoisting anti-Trump signs in both Spanish and English, some vulgar, many protesters also heaped scorn on […]
The UK is set to import its first ever cargo of liquefied natural gas from Peru as a pricing dispute forces shipments to Europe, with growing supplies of the supercooled fuel carving out new export routes. Peru LNG loaded a vessel this week that has its destination listed as the UK, according to data on Lima-based Perupetro’s website. It is carrying about 61,146 metric tonnes of LNG. […]
US President Donald Trump has warned US airlines that foreign rivals “bring big investments” while pledging to support them amid tough competition, in the latest indication of his stance in the ongoing dispute between Gulf and US carriers. The new president told a White House meeting with the country’s largest airlines, air freight companies and airports on Thursday that he would support the US aviation industry in […]
As Comcast last year conducted secret talks about a potential acquisition of DreamWorks Animation, five Chinese investors — including an elderly couple in Beijing — acquired an enormous stake in the storytelling studio. Over a three-week period ending on April 25, those five accounts purchased more than 2.1m DreamWorks shares, amounting to nearly 17 per cent of all trading in the stock, according to the Securities and […]
Here are the big questions facing investors ahead of a new trading week. How long does a reprieve for French bonds last? After a burst of selling early last week, French debt was granted a reprieve with the 10-year benchmark yield easing back below 1.10 per cent. In turn, the divergence over 10-year Bund yields also pulled back from a four-year plus high. Traders remain nervous after […]
|By Arabian Post Staff| As much as 69 percent of oil demand growth up to 2022 will be in Emerging Asia, according to a report by Bank of America Merrill Lynch. Other key conclusions of the report include advancement of the oil demand peak from 2050 to 2035 due to fast growth in electrical vehicles, increased carpooling/sharing and autonomous driving; increase in consumption by 1.1mn b/d p.a. […]
