According to a transcript obtained by AP of the phone call which took place on Friday morning between President Trump and his Mexican counterpart, Enrique Pena Nieto, and which was intended to patch things up between the new president and his Mexican peer a day after Pena Nieto called off his visit to the US, Trump threatened to send U.S. troops to stop “bad hombres down there” […]
Blackstone-backed Invitation Homes began trading on Wednesday above its $20 a share initial public offering, as investors latched on to positive signals in the property rental market. The Dallas-based real estate investment trust, which allows investors to buy and sell shares in a company that owns single-family rental properties, raised $1.54bn from its IPO on Tuesday, the largest public offering since mid-2015, according to Bloomberg data. However, […]
By Lindsay Dunsmuir and Jason Lange | WASHINGTON WASHINGTON The Federal Reserve kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. The central bank said job gains remained solid, inflation had increased and economic confidence was rising, although […]
Announcement comes on the sidelines of participation at Arab Health Exhibition & Congress 2017 in Dubai UAE, February 1, 2017 The UAE Ministry of Health and Prevention has announced the launch of direct medical appointments booking through its Smart Patient Portal during its participation at Arab Health Exhibition and Congress 2017 which will run until February 2, 2017 at the Dubai World Trade Centre. The move is […]
The UAE’s non-oil foreign trade totalled AED1.172 trillion ($320 billion) for the first nine months of 2016, up by 0.1 percent on the same period in the previous year. Preliminary data of the Federal Customs Authority (FCA) indicated that the share of imports in the UAE’s total non-oil trade amounted to AED721.2 billion, a rise of 1 percent. Native gold and semi-processed gold topped the list of […]
The oil industry is zeroing in on a prospective tax shift in Washington that has the potential to upend energy flows around the world. The “border adjustment tax” (BAT) put forth by Republican lawmakers and embraced sporadically by President Donald Trump would radically change the way companies are levied, taxing imports and exempting exports in the world’s biggest economy. While the Trump administration’s stance on BAT has […]
Dubai Municipality plans to impose tougher controls on people conducting illegal trade through social media channels. The controls include stiff fines and blocking of ‘business’ websites, it said on Monday. Redha Hassan Salman, director of the health and safety department at Dubai Municipality, said in a statement to media: “We are looking for different means to implement penalties on those people who practice illegal online trade. “We […]
By Sinead Carew and Jamie McGeever | NEW YORK/LONDON NEW YORK/LONDON U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers. The comments from Trump at the end of a White House meeting with pharmaceutical […]
For the London Metal Exchange, the traditional winter holiday lull in activity which affects most other financial markets comes almost a month later. Traders say that the influence of China in copper, aluminium and nickel markets, means their operations almost grind to a halt during the Chinese new year. The slowdown was clearly visible on Monday, with turnover in benchmark three-month copper futures falling to less than […]
31 January 2017 Swedish company Qmatic, a global leader in technology solutions and insights for a seamless and personal patient journey, is announcing today that it will participate in the largest healthcare trade show in the Middle East and North Africa – Arab Health 2017, held in Dubai. The show, with over 4 400 exhibitors from over 70 countries, is expected to draw 115 000 visitors. Thirty-eight […]
Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]
Those dollar bulls blinkered by the so-called Trumpflation trade and wondering if a pullback is justified get a reminder this week of the other main force behind the long-dollar consensus. Federal Reserve chair Janet Yellen and her colleagues are staging their first meeting of the year. A Fed meeting, particularly one taking place at some point along the path of a rates cycle, would normally command considerable […]
The US stock market suffered its largest decline this year, alongside investors snapping up protection against a possible rise in volatility, pointing towards the nervousness over the recent rally. The S&P 500 dipped 0.6 per cent to 2,281, its biggest one-day fall since December 28. The Dow Jones Industrial Average was down 0.6 per cent to 19,971, while the Nasdaq Composite dropped 0.8 per cent to 5,614. […]
The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump’s top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to “exploit the US and its EU partners“, the FT reported noting the comments are “likely to trigger alarm in Europe’s largest economy.” News of the statement sent the EURUSD spiking in the moments after its […]
The great Trump reflation story, which points to strong equities, weak bonds and a highly valued dollar, is by now thoroughly entrenched in the minds of global investors. Not without reason. But when conviction is near-universal in markets it makes sense to ponder what investors might be missing. For my money the most likely flaw in this narrative relates to the cost of protectionist policies. There is […]
The publication of Michael Lewis’s book Flash Boys in 2014 thrust the arcane world of ultra-high frequency trading firms into the popular consciousness, prompting debate over everything from the industry’s morality to the possible risks it posed to financial stability. What was undeniable was how several of these companies were staggeringly profitable, generating hundreds of millions of dollars by trading at speeds made up of fractions of […]
BEIJING China’s second aircraft carrier is “taking shape” after two years and nine months of construction, local media reported, a move likely to further unnerve Taiwan and other neighbours about Beijing’s growing military assertiveness. Construction of The Shandong, named after a province in China’s east coast, began in 2014, the APP of Shandong television and radio said in a report seen on Tuesday. The Shandong, China’s first […]
By Henning Gloystein | SINGAPORE SINGAPORE Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.25 per barrel at 0112 GMT, virtually unchanged from their last close. […]
Government officials are seeking to educate fishermen about a law that prohibits them from catching sheri and safi fish during the breeding season. Fishermen who catch sheri and safi fish from March 1 to April 30 must return them to the sea, according to a Ministry of Climate Change and Environment law issued in 2015. The law also stipulates that all trade of local or imported sheri […]
January 31, 2017 by: Hudson Lockett in Hong Kong Tuesday 01:50 GMT Overview A shaky Monday for US stocks rolled into Asian trading on Tuesday as confusion persisted over President Donald Trump’s executive order to clampdown in immigration and ahead of the Bank of Japan’s interest rates decision. Hot topic Stock markets remained closed in Hong Kong and China for the lunar new year holiday, but those […]
US stocks on Monday faced the heaviest sell-off since before the presidential election in the biggest reversal yet of the so-called Trump trade that has carried equities to record peaks. The S&P 500 index, a broad barometer of American stock performance, fell as much as 1.2 per cent in late-morning trading in New York. That represented the steepest intraday fall since November 1 and came after it […]
Microsoft was finalising plans to borrow at least $14bn Monday, in what will be the largest corporate bond sale of the year so far, as the US technology company joins a rush to tap debt markets ahead of expected interest rate rises later this year. The deal will rank as one of the largest ever corporate debt sales not to finance a takeover, and follows a bumper […]
Solarkraftwerk Waldpolenz, the first Solar 40-MW CdTe PV Array installed by JUWI Group in Brandis, Germany. Credit: JUWI Group Homes with solar panels do not require on-site storage to reap the biggest economic and environmental benefits of solar energy, according to research from the Cockrell School of Engineering at The University of Texas at Austin. In fact, storing solar energy for nighttime use actually increases both energy […]
By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]
