SYDNEY Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar dithered in a tight range ahead of a busy week for Federal Reserve events. Turnover was light with U.S. markets closed for the Presidents Day holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.1 percent and back toward a 19-month peak reached last […]
Monday 04:30 GMT Overview Stock markets across Asia were mostly higher though currencies struggled to make much headway in a subdued session. Hot topic The US market is closed on Monday for the President’s Day public holiday. On Friday the S&P 500 climbed 0.2 per cent to a record high, capping a week in which the FTSE All World index topped its previous record peak from May […]
The fate of Munich’s Linux project is only part of the story of open source software. Image: Getty Images/iStockphoto After a nearly decade-long project to move away from Windows onto Linux, Munich has all but decided on a dramatic u-turn. It’s likely that, by 2021, the city council will start to replace PCs running LiMux (its custom version of Ubuntu) with Windows 10. Going back maybe 15 […]
|By Arabian Post Staff| Abu Dhabi National Oil Co. awarded China National Petroleum Company (CNPC) an 8 percent stake in its onshore venture in return for a $1.8 billion signing bonus, Adnoc said Sunday in a statement. State-run CNPC is the venture’s third Asian partner, joining Japanese and South Korean companies alongside BP and Total SA. Asia will show the fastest growth in energy demand over the next […]
SINGAPORE — It is important at this juncture for the United States and China to articulate their overarching foreign policy objectives towards Asia, Defence Minister Ng Eng Hen said yesterday. During a panel discussion at the 53rd Munich Security Conference in Germany, Dr Ng said the US’ ability as a military power to continue its presence and influence in the Pacific was “not in doubt”. “But this […]
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]
Here are the questions the FT Markets team will be pondering this week: What do retail flows mean? Money flows are widely watched but, like anything in markets, there is signal and then there is noise. Investors poured money into global stock funds last week, one when US stock markets set fresh records, and US long-only equity funds received the first net inflow of cash ($0.5bn) in […]
Saudi Arabia officials and executives of around 14 companies plan to embark on a marketing tour of Singapore and Hong Kong next month to attract Asian investors in the $430 billion stock exchange, banking sources told Reuters on Thursday. The HSBC Saudi Arabia Investment Forum will include stops in Singapore on March 1-2 and Hong Kong on March 3, the sources said. The trip reflects the rising […]
BANGKOK A United States aircraft carrier strike group has begun patrols in the South China Sea amid growing tension with China over control of the disputed waterway and concerns it could become a flashpoint under the new U.S. administration. China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty in the South China Sea. The U.S. navy said the force, including Nimitz-class aircraft carrier USS Carl […]
Researchers from the University of Texas Medical Branch at Galveston have revealed in a study how the Zika virus is able to alter fetal brain development and cause microcephaly. Published in the journal Stem Cell Reports, the study results may help shed light on how Zika causes birth defects. Zika And Microcephaly At the moment, 70 countries and territories around the world are dealing with active transmissions of the […]
18 February 2017 Abu Dhabi – NIMR Automotive, a subsidiary of Emirates Defence Industries Company (EDIC), the UAE’s integrated defence manufacturing and services platform is showcasing its new JAIS 6×6 military vehicle at the International Defense Exhibition and Conference (IDEX), demonstrating Abu Dhabi’s growing capabilities in military manufacturing. “This vehicle is a major milestone for NIMR as we grow our production, expand our product range and break into new […]
There are a range of jobs being spun up with Microsoft Azure instances, many with attractive salaries. The Azure-related position for which companies are paying the most is that of enterprise architect. Photo: HubSpot In the United States, companies report allocating $125,000 a year for their Azure architects, on average. Developers and sales and marketing specialists adept in Azure, Microsoft’s cloud-based infrastructure offering, follow at $100,000 a […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
KUALA LUMPUR: Thousands of Malaysians have gathered at the heart of Kuala Lumpur to support a controversial bill that will strengthen the powers of the Shariah Court. The rally on Saturday (Feb 18), called Gathering 355 or RUU355, is organised by Islamic party PAS. Supporters dressed in purple turned up in force at Padang Merbok, a field located close to Parliament House. They’re standing in solidarity with […]
She added, “Saloua Raouda Choucair is an extraordinary new name.” Two years later the CRG Gallery in Manhattan organized Ms. Choucair’s first solo show in the United States. Profoundly affected by Alzheimer’s disease, she was unable to attend either one or enjoy her belated success. “All the timings were wrong with my mother, so I’m not surprised this happened so late,” her daughter told The International Herald […]
BEIJING China has told Japan that “negative” moves by Tokyo on major issues are preventing an improvement in bilateral ties, but there are now opportunities to improve China-Japan relations. Chinese Foreign Minister Wang Yi told his Japanese counterpart Fumio Kishida during a meeting in Germany that both countries should make efforts to bring bilateral ties back onto the right track. “There are now both opportunities and challenges […]
A huge billboard erected at the Lundu town square with a stark reminder of what the late Chief Minister Tan Sri Adenan Satem wished to do but could not accomplish following his demise in January. Picture taken February 17, 2017. — Picture by Sulok TawieLUNDU, Feb 18 — The odds are heavily stacked against State Reform Party (STAR) and Parti Bansa Dayak Sarawak (PBDS Baru) winning the […]
Your daily guide to community and cultural activities across the Emirates for February 18, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Literary evening Attend […]
There was predictable consternation in Beijing and among foreign policy experts in Washington. They fretted that Mr. Trump was recklessly undoing the landmark China diplomacy of Richard M. Nixon and Mao Zedong — fears that were misplaced, it turned out. Continue reading the main story Last week, Mr. Trump telephoned President Xi Jinping and promised to abide by “one China,” having discovered that Mr. Xi was not […]
Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]
The emirate of Dubai is expected to issue a US dollar bond by the end of the first quarter, though it has not yet sent to banks any official requests for proposals to arrange the issue, banking sources familiar with the matter said on Thursday. Banks that had lead managers’ roles on Dubai’s previous debt issues have pitched for a new mandate, added one of the sources, […]
Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
ISLAMABAD An explosion near a shrine in southern Pakistan on Thursday wounded more than a dozen people in the latest in a string of blasts this week, two local TV stations reported. The blast went off near the shrine of Lal Shahbaz Qalandar in the town of Sehwan in Sindh province, Pakistan’s Samaa television and Geo TV reported. The exact number of casualties was not immediately clear. […]
The alerts are designed to warn people about impending severe weather events such as flooding. Image: IBM Research scientists are building a new form of networking technology designed to provide billions of people with potentially lifesaving weather alerts, even if they don’t have internet connectivity. Developed by IBM Research and The Weather Company, Mesh Network Alerts is a peer-to-peer mesh networking technology that allows Android devices to […]
