By Engen Tham and Samuel Shen | SHANGHAI SHANGHAI China’s forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan’s prospects to themselves, several bankers said. Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines in the yuan, the bankers from […]
The list grows longer. The names sometimes come via police posts like Police Station 3, and Sagpang described how he compiled them. “A confidential informant came, to say drugs are very prevalent in such-and-such area,” he told me. “We have to dig deeper. We deploy detectives and intelligence operatives” to verify that “Mr. So-and-So is fiddling drugs in the community.” In other words, the police counted on […]
The New York Stock Exchange plans to end floor trading on its NYSE MKT venue for small capitalisation stocks in the latest example of financial dealings going completely electronic. The move, earmarked for the second quarter, comes as NYSE prepares to transition that market to Pillar, an integrated trading technology platform designed for its equities and options markets, according to a regulatory filing. It represents another shuttering […]
The FTSE 100 notched up its longest run of record highs on Tuesday as another low for sterling helped the UK’s blue-chip index outperform European peers. The main London benchmark added 0.5 per cent, up 37.7 points to 7,275.47. It was the FTSE’s ninth consecutive record-high close as well as its 11th consecutive gain, a winning streak it has only equalled three times — in 1997, 2004 […]
The debate about “fake news” has gripped politics since the election of Donald Trump in November and has entered markets as investors spar over a “great rotation” from bonds into stocks. Long predicted by some analysts, expectations of a pronounced rotation out of low-yielding bonds and defensive share sectors into areas of the equity market that prosper from faster economic growth have been heightened by the prospect […]
For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look no further than Mexico. The peso briefly sank to a fresh all time low against the dollar on Tuesday, dropping by as much as 1.1 per cent to MXN 21.6227, as concerns continue to mount over incoming US president Donald Trump’s trade rhetoric towards Mexico, report […]
Close on the heels of plans for the first-ever Apple Store in Seoul, South Korea, Apple is all set to embark on building an underground retail store in the historic Liberty Square in Milan. For the unfamiliar, Piazza del Liberty – popularly called the Liberty Square – is one of the most populous metropolitan areas in Italy. The city’s planning department has approved of the construction last month based on […]
“Have you ever eaten Danish food?” Chef Henrik Yde Andersen asks me during a morning Skype call. He is absent-mindedly waving about a cup of coffee as he talks. “It is rather bland – all potatoes and cabbages – and so, when I first encountered Thai cuisine, during a holiday on the island of Krabi many, many years ago, I cried my eyes out – from the […]
They did, and in a finish that was frenzied and frenetic. Trailing by 24-14 at the start of the fourth quarter, the Tigers cut the deficit to 3 with a 4-yard touchdown pass from Deshaun Watson to Mike Williams. After both teams traded missed opportunities, Clemson finally took the lead for the first time in the game with just four minutes remaining when Williams made an acrobatic […]
January 10, 2017 by: Nicole Bullock in New York US stock market bulls can be forgiven for feeling like Vladimir and Estragon, the two characters in Waiting for Godot. Donald Trump’s promise to cut tax and business regulation sent the Dow Jones Industrial Average up more than 8 per cent in quick order following his election in early November. However, it has failed to crack the 20,000 […]
The Merry Christmas ransom note features Futurama’s evil Robot Santa. Image: SANS Internet Storm Center Unsuspecting internet users could find themselves on the receiving end of an unwanted belated Christmas present, malware that doesn’t only encrypt their Windows PC and hold it to ransom, but also steals personal data and login credentials. Spotted by cybersecurity researchers in the first week of the year, the Merry Christmas ransomware […]
Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]
January 10, 2017 by: Henry Mance, political correspondent Boris Johnson has claimed Britain is “first in line” for a post-Brexit trade deal with the US, following meetings with Republican congressional leaders including Mitch McConnell and Paul Ryan. The foreign secretary visited New York and Washington, paving the way for an official trip by Theresa May to meet Donald Trump later this year. For Mr Johnson, the visit […]
A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]
By David Morgan | WASHINGTON WASHINGTON U.S. House of Representatives Speaker Paul Ryan and top members of President-elect Donald Trump’s transition team on Monday discussed a controversial plan to tax imports during an evening meeting on Capitol Hill, a Trump adviser said. Trump’s incoming chief strategist Stephen Bannon said the meeting examined two provisions of Ryan’s “Better Way” tax reform blueprint, including a border-adjustability measure intended to […]
By Tom Miles | GENEVA GENEVA Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday. That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014. […]
The military, security experts and soldiers at the scene quickly rejected that notion. “Those who ran from the scene were not concerned about Azaria, but about their own well-being,” said Yehuda Ben Meir, an expert in national security and public opinion at the Institute for National Security Studies at Tel Aviv University. Continue reading the main story Still, the argument — unfolding in full volume on Israeli […]
By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump’s son-in-law, Jared Kushner, will become a senior White House adviser and work on trade deals and the Middle East, transition officials said on Monday, in a rare case of a close presidential family member taking on a major job. Kushner, 35, who is married to Trump’s daughter Ivanka, is taking the job after receiving legal counsel he would […]
ROME Italy is sending its ambassador back to Libya, its foreign ministry said on Monday, making it the first Western diplomatic mission to reopen in the divided country. Italy closed its embassy in Libya in 2015 as rival factions descended into a conflict which has let people smugglers operate with impunity and Islamic State establish a firm foothold. The foreign ministry said in a statement the ambassador […]
DUBAI // The main site for the UAE Food Bank was announced on Monday after the first meeting about the new charity initiative. The bank’s main branch will be in the Dubai Vegetable Market, while 15 other outlets are planned for inside and outside the UAE. Sheikha Hind bint Juma Al Maktoum, Chairwoman of the Food Bank, said it is hoped that it will become the “biggest […]
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” So Henry Temple, the third Viscount Palmerston, described British foreign policy in 1848, at the height of its imperial pomp. “England is a power sufficiently strong, sufficiently powerful to steer her own course.” It is more than fanciful to imagine US […]
The world’s main repository for data on credit derivatives deals will move its database on to the blockchain, in the first big test case for whether the emerging technology can be employed across the finance industry. The DTCC, a US post-trade services group that processes more than $1,500tn of securities a year, will use technology from IBM and US blockchain start-ups R3 and Axoni as the basis […]
Doha, 9 January 2016 Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017 which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The PBSA was conferred was […]
The pound was the biggest faller on foreign exchange markets on Monday, sliding to its lowest level against the dollar since late October, after Theresa May warned there was no prospect of Britain keeping “bits” of EU membership. In an interview at the weekend, the UK prime minister told Sky News that “often people talk in terms as if we are leaving the EU but we still […]
