Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]
By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years. While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault […]
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Thursday 06:00 GMT Overview Markets across Asia saw a day of solid gains as oil continued to trade higher following Opec’s decision to cut output for the first time since the financial crisis and as Japanese stocks benefited from recent weakness in the yen. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will add 2 points to 6,785 and Germany’s […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since […]
Image: AWS Amazon Web Services’ (AWS) CEO Andy Jassy has said his company will continue to focus on getting new products and services to market at speed, despite that resulting in lengthy delays for the majority of its 14 regions. “It’s always a trade-off when you’re launching these services,” Jassy told ZDNet. “Do you want to wait until you have the services available in our 14 regions […]
By Devika Krishna Kumar and Jessica Resnick-Ault | NEW YORK NEW YORK Oil’s blistering rally of up to 10 percent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world’s top producers announced a historic deal to rein in output. The Organization of the Petroleum Exporting Countries reached its first deal to cut oil output since 2008 – […]
Thou art the ruler of the minds of all people, Dispenser of India’s destiny. Thy name rouses the hearts of Punjab, Sind, Gujarat and Maratha, Of the Dravida and Odisha and Bengal; It echoes in the hills of the Vindhyas and Himalayas, mingles in the music of Jamuna and Ganges and is chanted by the waves of the Indian Sea. They pray for thy blessings and sing […]
Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]
30 November 2016 Dubai: Emirates NBD, a leading bank in the region, was named ‘Banking and Finance Company of the Year’ at the prestigious Arabian Business Achievement Awards held yesterday (Monday, November 28, 2016). The bank was recognised for its pioneering efforts toward the digitisation of banking as well as its resilient performance in the past year. The Arabian Business Achievement Awards are adjudicated by an independent judging […]
WASHINGTON President-elect Donald Trump’s pick for U.S. Treasury secretary, Steven Mnuchin, said on Wednesday the administration would target tax reform and trade pact overhauls as top priorities as they seek to achieve 3 percent to 4 percent economic growth. Mnuchin and Wilbur Ross, Trump’s nominee for commerce secretary, outlined their agenda, including what Mnuchin called the largest tax overhaul since the Ronald Reagan administration, in an interview […]
November 30, 2016 by: Anjli Raval and David Sheppard — Vienna What is happening?Opec oil ministers from the 14-member producer group start their official meeting around 10am (GMT) on Wednesday in Vienna as they attempt to secure the first supply deal in eight years. Meetings traditionally last for between two and eight hours, but trying to predict the duration of such a gathering is near impossible. Oil […]
By Noah Barkin | BERLIN BERLIN Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed on Wednesday. The study showed that 55 percent of Austrians and 54 percent of French view globalisation as a threat, the only countries surveyed in which a majority […]
By Takaya Yamaguchi | TOKYO TOKYO Japan’s Fukushima nuclear disaster in 2011 is likely to cost 22.6 trillion yen ($201 billion), slightly more than double a previous estimate, according to a source involved in government discussions on the issue. In 2013, Japan’s industry ministry estimated the disaster would cost about 11 trillion yen ($97.9 billion), including compensation to those forced to flee their homes or who lost […]
Submitted by Giuseppe Macri via InsideSources.com, The Obama administration’s revolving door with Google has been anything but subtle over the last eight years, and a new report from a government watchdog out this week shows the Silicon Valley giant hoped to extend that relationship to what many expected would be a Hillary Clinton presidency. According to Campaign for Accountability, a non-profit government watchdog, that door was already […]
Dubai – UAE (Nov. 29, 2016) HE Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti, Chairman of Qatar Ports Management Company (Mwani Qatar) and Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), today witnessed the signing of an agreement between Mwani Qatar and Milaha to establish a new company, QTerminals, to manage Hamad Port. As per the agreement, the new company […]
United Nations Secretary-General Ban Ki-Moon addresses the Annual Conference of Swiss Developement Cooperation in Zurich, Switzerland January 22, 2016. On the screen behind are displayed the 17 goals of UN’s 2030 Agenda for Sustainable Development (Reuters/Arnd Wiegmann). Emerging Voices highlights new research, thinking, and approaches to development challenges from contributing scholars and practitioners. This post is from Niklas Kossow, communications officer for the European Union FP7 ANTICORRP […]
This Christmas, tuck into the turkey but go easy on the pudding. Britons are facing a jump in prices for traditional pudding ingredients as the Brexit vote has sharply weakened the pound. However, the cost of Christmas dinners is almost unchanged from a year ago despite a rise in pork and vegetables. The slumping pound has helped push up the cost of key ingredients for Christmas pudding […]
5825 25 by Shannon K. O’Neil November 4, 2016 DATE IMPORTED:November 02, 2016Protestors call for the removal of President Jacob Zuma outside court in Pretoria, South Africa, November 2, 2016 (Reuters/Mike Hutchings). Report May Bring Down South Africa’s President New allegations may finally bring down teflon president Jacob Zuma. Despite his earlier legal protests, South Africa’s public protector’s office released a report suggesting that a wealthy family close […]
By Jonathan Stempel Shmaltz Brewing Co says some of its beer names, including several with Jewish themes, “can be a bit unorthodox.” Now a large California winery wants one of those names to be reformed. Sutter Home Winery Inc sued Shmaltz late on Monday, accusing the brewery of infringing its “Menage a Trois” trademark by selling a 12-pack of its beers with the “MANNAge a Trois” name. […]
Al Wadei: The rules of the E-Commerce game have changed after the introduction of “noon.com” 29 November 2016 E commerce expert, Dr Sadeq Al-Wadei, revealed that after the inauguration of noon.com in January 2017, it would utterly change E-Commerce platforms as we know them whilst emphasizing on the fact that it would entirely change this trade in Saudi Arabia over the coming few years. In addition, it […]
By Scott Malone The number of hate and bias incidents reported across the United States spiked in the 10 days following Donald Trump’s presidential election victory, according a report released on Tuesday by a civil rights advocacy group. The report, by the Southern Poverty Law Center, documents 867 incidents ranging from assaults to threatening graffiti messages, based on incidents reported to the group or by news media. […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
