India’s ongoing war on cash, elections in one of its most populous states and the march of e-commerce firms as they try to harness the country’s cyberspace potential are just some of the developments to watch in the South Asian nation in 2017. Prime Minister Narendra Modi’s reputation rests on a number of these things and their outcome will provide hints at whether he can secure re-election […]
By Shinichi Saoshiro | TOKYO TOKYO Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent. Australian stocks rode a rise in […]
Submitted by Mike Krieger via Lberty Blitzkrieg blog, Today’s piece should be seen as a bit of a followup to yesterday’s post, India’s Demonetization Debacle Highlights the Dangers of Monetary Monopoly. While yesterday’s piece was more philosophical/strategic in nature, today’s zeroes in on some of the devastating real world impacts of Narendra Modi’s insane and inhumane cash ban. It’s hard to overstate the damage this policy has done to […]
By Thomas Wilson and Saeed Azhar | TOKYO/SINGAPORE TOKYO/SINGAPORE Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions, bankers and lawyers said. Facing tepid prospects at home after decades of stagnation amid a shrinking population, Japanese […]
Obama says Japanese leader’s Pearl Harbor visit shows power of reconciliation | Reuters ‘+Reuters.inlinevideo.title+’ ‘+Reuters.inlinevideo.length+’ ‘); } PEARL HARBOR, Hawaii U.S. President Barack Obama said on Tuesday Japanese Prime Minister Shinzo Abe’s visit to the site of the 1941 Japanese attack on Pearl Harbor showed the power of reconciliation. “This historic gesture speaks to the power of reconciliation. … A reminder that even the deepest wounds of […]
Your daily guide to community and cultural activities across the Emirates for December 28, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Dubai Art exhibition See the exhibition As If Anything Here Belonged To You, in which artist Cecilia Fattorini presents works about our impact on the world, sourcing her subject matter from the rhythms and […]
By Patrick Graham | LONDON LONDON Share prices inched higher on Tuesday as trading in some of the world’s major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally. Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump’s protectionist bent look set to keep investors on edge into the start of 2017. But expectations the new administration will splash […]
TOKYO Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said. Once-sceptical investors are now more comfortable with the utility’s outlook after government moves to reassess decommissioning and compensation costs, bankers and investors who asked not to be identified told Thomson Reuters […]
Finland, once a world leader in mobile telephony with Nokia, is in a class of its own when it comes to internet usage on smartphones and tablets, thanks to cheap subscription plans On the crowded morning metro in Helsinki, silence prevails. Everyone is hunched over their smartphone screens, reading the news, checking emails or watching videos. A loud “yeah!” breaks the quiet, along with delighted screech from […]
Chinese retail investors may be able to dream of Picasso while hanging share certificates on their walls. A Singapore-based Chinese billionaire investor, who this year acquired stakes in peer-to-peer group Lending Club, Legg Mason, the fund manager and Sotheby’s, has proposed “securitising” the artist’s work to create fractional ownership and tap a wider market in Asia. Chen Tianqiao and his wife Chrissy Luo, co-founders of investment group […]
Stacie Overton Johnson and Adam Workman pick their favourite restaurants of the year, based on great decor and ambience as well as fabulous food. • Reviewed meals are paid for by The National and conducted incognito. Contact the restaurants as prices may have changed since our original reviews newslide Abu Dhabi Butcher & Still Very few of us will ever be cool enough to recreate the Al […]
MANILA A typhoon weakened as it cut across the Philippines on Monday after bringing down trees and power lines, and authorities warned of flash floods and mudslides although casualties were few with police reporting only two deaths. Typhoon Nock-ten’s wind speed eased to 130 kph (80 mph) as it headed west toward the South China Sea, passing through provinces south of the capital Manila at a speed […]
A powerful typhoon blew out of the northern Philippines on Monday after killing at least six people and spoiling Christmas in several provinces, where more than 380,000 people abandoned celebrations at home to reach emergency shelters and other safer grounds. Typhoon Nock-Ten cut power to five entire provinces due to toppled electric posts and trees, dimming Christmas revelries in Asia’s largest Catholic nation. More than 300 flights […]
Kuwait, 26 December 2016 Kuwait Financial Centre “Markaz” and Gulf Bank announced in a joint statement the successful completion of “Markaz” 5 years bond issue with a nominal value of 25 Million Kuwaiti Dinar, which was oversubscribed. This extensive demand reflects the investors’ trust in “Markaz”, the quality of the issue, and the high creditworthiness of “Markaz,” in addition to the effectiveness of the joint distribution efforts […]
India’s government is making an increasing number of requests for data on Facebook’s users, but the social networking site is blocking less content as a result of fewer requests from authorities in the South Asian nation. According to the social media giant’s most recent report on government requests from January to June 2016, Indian authorities made 6,324 requests for user data from Facebook, 23% more than the […]
MILAN/LONDON On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world’s oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy’s third-largest lender, was destined to be wound down within months unless it could raise billions of euros and pull […]
ABU DHABI // As Typhoon Nock-Ten struck the Philippines on Sunday, UAE residents voiced fears for relatives in their home country. Officials there warned 2.5-metre high waves and landslides posed the biggest threats as typhoon Nock-Ten, known locally as Nina, closed in on the Bicol peninsula and nearby islands. “It’s Christmas Day and we’re finding it hard to celebrate until we are assured of our family’s safety […]
The UAE will host the FIFA Club World Cup tournament in 2017 and 2018, it has been confirmed following the 2016 final which saw Real Madrid crowned world champions. The FIFA Club World Cup 2016 final, played in Yokohama International Stadium, saw the Spanish giants beat Japan’s Kashima Antlers, thanks to a Cristiano Ronaldo hat-trick. The UAE was previously host to the tournament in 2009 and 2010. […]
This year saw the release of the biggest leak of documents in history, when the Panama Papers were made public. Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. They revealed in detail how parts of the offshore industry work. We asked you what stories over the last 12 months you wanted to hear more about and in […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
Jim Gomez, The Associated Press Published Sunday, December 25, 2016 9:12AM EST Last Updated Sunday, December 25, 2016 3:43PM EST MANILA, Philippines — A powerful typhoon slammed into the eastern Philippines on Christmas Day, spoiling the biggest holiday in Asia’s largest Catholic nation, where a governor offered roast pig to entice villagers to abandon family celebrations for emergency shelters. Typhoon Nock-Ten was packing maximum sustained winds of […]
MANILA, Philippines — A powerful typhoon is on its way to slam into the eastern Philippines on Christmas Day as officials struggled to divert people’s attention from family celebrations and travel. A provincial governor offered roasted pigs to entice villagers to move to emergency shelters. Typhoon Nock-Ten packed maximum sustained winds of 114 miles per hour (185 kilometers per hour) and gusts of up to 158 mph […]
Australia’s cybersecurity capabilities and researchers will be showcased to global players in the United States in February, in a delegation sent to the RSA Conference in San Francisco led by Special Adviser to the Prime Minister on Cyber Security Alastair MacGibbon and recently appointed CEO of the Australian Cyber Security Growth Network Craig Davies. According to Nicola Watkinson, Austrade’s senior trade and investment commissioner for North America, […]
A man wearing a Santa Claus costume walks atop Jerusalem’s Old City walls on December 23, 2016 An online Santa tracker run by a Canadian and American defense agency mapped the jolly old gift-giver’s path around the globe Saturday, in what has become a Yuletide tradition. Every Christmas Eve since 1955, the North American Aerospace Defense Command (NORAD) has been tracking Saint Nicholas’s annual voyage to deliver […]
