November 26, 2016 by: Madison Marriage in London and Andres Schipani in Bogotá Fidel Castro, the controversial Cuban leader who seized power in 1959 and ruled over the communist state for the following five decades, has died aged 90. Castro came to power as a charismatic guerrilla leader after his army of revolutionaries marched into Havana 49 years ago when he was just 32 years old. His […]
Beats on The Beach may have been at the Abu Dhabi Corniche on Friday, but the evening was full of Jamaican beach vibes. Dance hall king Sean Paul delivered an exuberant, hit-laden set on the second day of the three day free music festival. The 42-year-old attempted to pack in many of the hits he’s accumulated since emerging on the scene 20 years ago. On that score, […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
“Bo was not happy,” said Carr, who later became a Michigan head coach. This week, Michigan plays the same opponent in a similarly emotional moment — and one with perhaps even higher stakes. The No. 3 Wolverines will face the No. 2 Buckeyes on Saturday afternoon in Columbus, Ohio, with the chance to go on to win the Big Ten championship, cementing a place in the season-ending […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
Johnson & Johnson, the world’s largest healthcare group, confirmed on Friday it is in preliminary discussions with Actelion, Europe’s largest biotechnology company, over a potential deal. Its statement came after days of speculation among investors that J&J had been preparing a bid for Actelion, although the Switzerland-based biotech had earlier warned “there can be no certainty that a transaction will result” from the J&J approach. People close […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
The Tuesday after Thanksgiving is called Giving Tuesday, and T-Mobile is feeling generous, so T-Mobile Tuesday is turning into #GivingTuesday next week. The weekly giveaways called T-Mobile Tuesdays have proved widely popular so far, and next week, T-Mobile is taking things to the next level. For #GivingTuesday, the Uncarrier plans to use its weekly giveaway for charity. As part of the promotion, T-Mobile will donate up to $500,000 […]
* Debut sukuk seen pricing around 175 bps over midswaps * May come in tighter than Majid Al Futtaim * Order books over $2 bln within hours of announcement * Retail sector avoids some of Dubai’s property risk Advertisement * Expected to price on Wednesday By Archana Narayanan DUBAI, June 10 (Reuters) – Emaar Malls Group, a unit of Dubai’s Emaar Properties , may price its debut […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]
Better access to low-interest funding could spur growth of East African Small & Medium Businesses JOHANNESBURG, South Africa, November 24, 2016 Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), […]
The host Toronto Argonauts and the league seemed to misread the market by setting ticket prices between $189 and $899. By October, when half the seats remained unsold, they slashed the prices of the lowest-cost seats to $89. Continue reading the main story A sellout is now expected at the open-air stadium, which was expanded to about 35,000 seats for the game, thanks to a spike in […]
ABU DHABI // An international conference aimed at protecting cultural heritage during armed conflicts will take place in Abu Dhabi on December 2 and 3. The “Safeguarding Endangered Cultural Heritage” conference is an initiative by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and French President Francois Hollande. It will be held under the patronage of the United […]
Seriously…Must keep it together thru the Black Friday weekend! 15 Straight days up… The longest winning streak since 1996. Nothing to see here, move along… (the last time Small Caps rose for a longer streak was March 1988) (best 3 week gains since March 2009) The week was.. well easy.. Even after 3 weeks of incessant buying there was nothing to stop the panic […]
A Malaysian businessman and his partner have been charged with orchestrating the single biggest fraud in the history of Singapore’s stock exchange, which wiped out S$8bn in value and triggered a lasting loss of investor confidence. Soh Chee Wen, also known as John Soh, faced charges in a Singapore court on Friday in relation to an alleged fraud in which three publicly listed stocks soared in valuation […]
Hitting the rocks. José Cuervo, the world’s largest tequila maker, has put its planned IPO for up to $1bn on ice because of market uncertainty in the wake of the US elections, according to people familiar with the plans. The company, officially known as Becle, had filed its prospectus with the Mexican stock exchange in September. But the Mexican IPC index has fallen nearly 7 per cent […]
BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]
Global Manufacturing and Industrialisation Summit will enable discussion on standardising new technologies for industry-wide applications Current lack of standardisation means developing Internet of Things technologies are unable to communicate universally, limiting their potential Abu Dhabi, UAE, November 25, 2016 The Global Manufacturing and Industrialisation Summit (GMIS) will further global discussions and spur international action on emerging technology standardisation, said Ludovica Alcorta, Director of the Development Policy, […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Friday, dragged by a strong dollar, rising Saudi supplies to Asian clients, and a fall in Chinese imports. Brent crude futures were trading at $48.42 at 0753 GMT, down 58 cents, or 1.2 percent, from their last close, although overall activity was thin after the U.S. Thanksgiving holiday and ahead of the weekend. U.S. […]
US stock funds continue to pull in investor’s cash after the US election, as Donald Trump’s rhetoric over renewed growth for the economy shows no sign of abating. Just over $5.1bn flowed into US stock funds for the week ending November 23, according to data from EPFR. It was a lighter intake than the previous record-setting week, but still accentuated the rotation out of bond funds and […]
