It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
By David Lawder | WASHINGTON WASHINGTON President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry’s battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports. Led by Wilbur Ross, a billionaire steel investor and Trump’s nominee for commerce secretary, Dan DiMicco, the former CEO of steelmaker Nucor […]
An upcoming deadline for a major derivatives market reform is “unrealistic” and authorities should consider whether the asset managers and banks most affected are ready, a top US regulator has warned. Christopher Giancarlo, the sole Republican of the three commissioners at the Commodity Futures Trading Commission, on Friday called on counterparts to prevent new rules due on March 1 from disrupting the global swaps market. His remarks, […]
Bangladesh labour activists said on Friday they had joined a lawsuit in Switzerland against world soccer body FIFA for allegedly failing to use its influence to ensure people working on 2022 World Cup facilities in Qatar are treated fairly. The suit, filed in FIFA’s home city of Zurich with the backing of the largest labour union in the Netherlands, calls on FIFA to force Qatar to adopt […]
Electronic storage detection canine Iris of the New Jersey FBI helps investigators search the home of New York City terror suspect Ahmad Khan Rahami, who set off bombs in Manhattan and on the Jersey Shore, in September 2016. Image: Connecticut State Police This article originally appeared on TechRepublic. The call came at 5:30 am on a hot July morning in 2015. The Indianapolis Metropolitan Police Department told […]
The European Central Bank’s supervisory arm has rejected a request from Rome to delay a private sector-led rescue for Monte dei Paschi di Siena, leaving Italy little option but to inject state funds and impose losses on creditors. MPS asked the ECB for an extra five weeks to pull off a last-ditch €5bn equity injection for the lender, which emerged as the weakest in the European bank […]
Oman Air has announced that it intends to make its first foray into China on Friday, as part of plans to expand its global network and fleet. The national carrier said in a statement that it plans to start operating flights from its hub in Muscat to Guangzhou, China, from December 9. The airline said the launch of the new route is in response to “significant customer […]
Good morning. Regrets laced with irony Glenn Beck is sorry. He really is. He swears. He’s sort of like Miss Otis in Cole Porter’s oft-recorded 1934 “Miss Otis Regrets” (I’ll take Bette Midler’s version). She “woke up and found that her dream of love was gone, madam.” And, them, “from under her velvet gown, she drew a gun and shot her lover down, madam.” In this case, […]
The US government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft to a consortium of Qatar’s sovereign fund and commodities trader Glencore, the White House said. “The experts at the Department of Treasury that are responsible for constructing and enforcing the sanctions regime will carefully look at a transaction like this,” White House […]
COLOMBO, Sri Lanka—Sri Lanka’s heavily indebted government signed an agreement in principle on Thursday to sell an 80% stake in a deep-water port on the nation’s southern coast, close to one of the world’s busiest sea lanes, to a Chinese state-owned company, senior officials said. Under the deal, a copy of which was reviewed by The Wall Street Journal, China Merchants Port Holdings Co. would pay about […]
By Lisa Twaronite and Wayne Cole | TOKYO/SYDNEY TOKYO/SYDNEY Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank’s decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. MSCI’s broadest index of Asia-Pacific shares […]
Relegated to the backbench of the UK parliament, George Osborne has a great deal more time on his hands after the very public failed Brexit ‘Remain’ campaign. The former British chancellor is using the downtime to investigate why a wave of populist nationalism is currently sweeping across the world – and how it managed to bruise his political career as well as that of former prime minister […]
By Emily Stephenson | DES MOINES, Iowa DES MOINES, Iowa President-elect Donald Trump said on Thursday the United States needed to improve its relationship with China, which he criticized for its economic policies and failure to rein in North Korea. “One of the most important relationships we must improve, and we have to improve, is our relationship with China,” Trump told a rally in Iowa. The United […]
Brisbane-based Oventus Medical has opened a new 3D printing facility at the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) Clayton, Victoria campus. The facility builds on an existing partnership between Oventus and CSIRO, and will see the publicly-traded company produce its O2Vent device, a customisable, 3D-printed titanium mouthguard designed ensure optimal airflow and reduce the effects of snoring for sleep apnoea sufferers. Oventus has been developing O2Vent […]
Brexit may have come at the most fortunate time for the GCC. As the Gulf seeks greater support to fend off security risks in the region, including Iranian actions, and avenues to shore up bilateral trade in replacement of lost oil revenues, the UK is reaching out to old friends in a bid to strengthen non-mainland European relationships. “We will make it a priority, when the UK […]
Your daily guide to community and cultural activities across the Emirates for December 9, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Tennis event Take part in the ZSC Academy Tennis Festival, a fun way to experience and learn more about the sport. There will be lessons for children ages 2 and older, tennis […]
Investors have valued Athene at about $7.4bn in a stock market launch of the US pensions provider, according to people familiar with the matter. Selling shareholders led by private equity house Apollo Global Management are set to raise $1.08bn as bankers handling the float prepare to price shares in the company at $40 apiece, the people said. That is the middle of a range of between $38 […]
By Amanda Becker and Robert Iafolla | WASHINGTON WASHINGTON President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labour advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. Puzder, chief executive of CKE Restaurants Inc [APOLOT.UL], which operates the Carl’s Jr. and Hardee’s fast-food chains, has frequently argued in […]
08 December 2016 “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the fast development of energy storage, renewable energy is becoming cheaper, gas that is an increasingly attractive mode of power generation in Africa, and that in the next 10 years, […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
Photo Closer Aroldis Chapman, left, with Starlin Castro, signed with the Yankees for five years, but he can opt out after three. Credit Mike Stobe/Getty Images NATIONAL HARBOR, Md. — You might think a $17.2 million annual salary, a new benchmark for closers, would be enough to get a five-year commitment to the Yankees from Aroldis Chapman. But that is not how free agency works. The Yankees […]
Thursday 21:00 GMT Overview The European Central Bank’s latest policy surprise fuelled a volatile session for the euro and government bonds as participants appeared, initially at least, to struggle to assess its implications. But European stocks rose to 11-month highs while Wall Street overcame an early bout of fatigue to set yet more record peaks. Oil prices resumed their upward path, even as a stronger dollar unsettled […]
For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]
By freelance contributor Ben Bohane in Ly Son Island Posted December 09, 2016 05:35:32 Photo: Ly Son island, looking out towards the Paracels and Spratlys. (ABC News: Ben Bohane ) Related Story: Vietnam moves rocket launchers into disputed South China Sea: report Related Story: Vietnam expanding South China Sea runway: reports Sparkling on the horizon as our boat navigates the swell is one of the world’s most […]
