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Earlier today, RBC’s Charlie McElligott explained why today’s action is indicative of one or more energy/risk-neutral/value funds blowing up. Now he looks at the underlying cause, and attributes it to the inability of investors to discriminate between real and imaginary threats in what has now become a “deafening cacophony of noise.” THE DOLLAR MELTDOWN We are currently in the midst of a sixth-consecutive day of declines for […]

We all know — or, well, we should all know — how to block malware attacks. You don’t install unknown applications. You don’t open dodgy email attachments. And you don’t download files from strange websites. But then, there’s WannaCrypt, aka WannaCry. It starts by infecting you the old-fashioned way, but once it makes it on your network, it uses an out-of-date version of Windows’ Server Message Block […]

By Lisa Lambert | WASHINGTON WASHINGTON The U.S. Senate could soon approve a major overhaul of the federal bureaucracy and make lasting changes to regulation of the environment, education, banks and other areas. On Wednesday a Senate committee sent a bill on to the full chamber that, supporters say, will make regulators more accountable to lawmakers and provide greater understanding of how rules affect the economy. The […]

South Carolina state Rep. Rick Quinn used his public office as a multimillion-dollar money funnel that enriched his family’s powerful political empire while doing the bidding of shadowy corporate interests in the Legislature, prosecutors said Tuesday. Misconduct charges handed down as part of the ongoing Statehouse corruption probe paint a picture of influence and greed involving a key cog in one of the state’s oldest and more […]

TEHRAN: Iran’s top two presidential candidates launched a final day of election campaigning Wednesday as the supreme leader called for a massive turnout to bolster the regime against its “enemies.”Ayatollah Ali Khamenei suggested Iran’s foes would be deterred from pursuing regime change if they saw voters flock to the ballot boxes in Friday’s poll.“American, European officials and those of the Zionist regime are watching our elections to […]

US stocks were on track for their worst session for eight months on fears that US President Donald Trump’s ability to push through his pro-growth policies will be sidelined by deepening political controversy. The Wall Street benchmark fell 1.3 per cent to 2,369 on Wednesday, shedding all its gains for May, with financial stocks the worst hit as the S&P banks index retreated 3.8 per cent. Shares […]

At the same time, the Palestinian Authority president, Mahmoud Abbas, generally seen as hesitant, or even obstructionist, may to Mr. Trump seem the most accommodating. Continue reading the main story It is at once a case study in why this region is so unpredictable and a test of whether the new president is in over his head or knows something his many failed predecessors did not. “We […]

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May 17, 2017  The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of IDB Group, and JSC “Hamkorbank” have entered into a Joint Strategic Collaboration to finance SMEs in Uzbekistan. Mr. Khaled Al-Aboodi CEO of ICD and Mr. Ikram Ibragimov, Chairman of the Supervisory Board of JSC “Hamkorbank”, signed the financing agreement for the amount of USD12 million. The collaboration will […]

Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they could extend an output cut into next year, while the euro struck a six-month dollar high. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in […]

A selfie-app company learned the value of index membership on Wednesday, when shares in Meitu Inc dropped 9 per cent after MSCI said the Hong Kong listed stock would not, as previously announced, enter its China index in June. MSCI had included Meitu in a list of planned index changes published Monday evening, and the sudden reversal highlights the power of index providers to direct money and […]

By Yashaswini Swamynathan The S&P 500 and the Dow were headed for their worst day in more than eight months as reports of a leaked memo by former FBI chief James Comey spooked investors, raising questions about whether President Donald Trump tried to interfere with a federal investigation. Trump asked Comey to end a probe into former National Security Adviser Michael Flynn’s ties with Russia, according to […]

By Ahmed Rasheed | BAGHDAD BAGHDAD Islamic State militants are planting bombs near front doors in Mosul to prevent civilians leaving, a federal police commander and witnesses said on Wednesday, as Iraqi forces make their final push against the jihadists after seven months of fighting. Trapped in a shrinking area of the city, the militants are increasingly using the several hundred thousand civilians under their control as […]

Authored by Charles Hugh-Smith via OfTwoMinds blog, The system is disintegrating, and slapping a “reformist” coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core. I confess to being amused by the mainstream media’s implicit view that everything would be peachy if only Trump wasn’t president. Memo to MSM: the nation is fragmenting for reasons that have nothing to […]

US stocks were poised on Wednesday to start the trading day on a weak note, while Treasuries rose and the dollar fell, amid mounting concern over the controversies that have engulfed the White House. While Donald Trump’s pro-growth agenda was initially expected to be a boon for risk assets, and a negative for havens, the opposite has played out with increased frequency as the businessman-cum-politician has leapt […]

The UAE Food Bank is to open branches and centres outside the country as part of the UAE’s mission to expand its charitable, relief and humanitarian activities worldwide. Hussain Nasser Lootah, vice chairman of the Board of Trustees of UAE Food Bank and director-general of Dubai Municipality, confirmed the expansion in accordance with the approved strategic plan. “The UAE Food Bank carries special importance as a humanitarian, […]

TOKYO U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president’s ability to push through an aggressive stimulus program that investors had […]

Ransomware is all over the news. Experts estimate the recent WannaCry attack affected as many as 300,000 devices globally. If you’re worried about falling victim to ransomware, there are a few things to consider. How would you react if someone stole your home computer? What if your hard drive failed and wiped out all your programs and data? If you’re prepared with a full, offsite backup, encrypting […]

In today’s world, millennials are always looking for the best that life can afford, from artisan coffee to avocados on everything, but when they need money for items of importance – like bills – they don’t know what happened. Millionaire Tim Gurner decided to call millennials out on this and tell the younger generation like it is. All Artisan Everything Gurner, the Australian native who made his money […]

Jamie Dimon endured a rough ride at the annual meeting of America’s biggest bank on Tuesday morning, as shareholders repeatedly attacked the JPMorgan Chase chief over his ties to the administration of Donald Trump. In December Mr Dimon was named chairman of the Business Roundtable, a group of almost 200 CEOs which is among the most prominent lobbying groups in Washington. Mr Dimon, chief executive of JPMorgan […]

Doha May 16, 2017 Doha Bank hosted a knowledge sharing event on “Regulatory Changes and Opportunities” on 15th May 2017 at Four Seasons Hotel, Doha, Qatar.  The Guest of the Honour in the evening was H.E. Mr. Nassir Abdul-Aziz Al-Nasser, UN High Representative for the Alliance of Civilizations. Mr. Ali Ibrahim Abdullah Al- Malki, Member of BOD of Doha Bank had also graced the occasion. The speakers […]

Investors have accelerated their buying of European financial assets in the wake of Emmanuel Macron winning the French presidency, but a top executive at one of the world’s biggest asset managers cautions that the region’s stock markets aren’t as cheap as they appear. European equity funds enjoyed their strongest week of inflows on record last week — pushing the EuroFirst 300 index up 3.7 per cent this […]

By Ange Aboa | BOUAKE, Ivory Coast BOUAKE, Ivory Coast The leaders of a nationwide military mutiny in Ivory Coast have accepted a government proposal on bonus payments and agreed to return to barracks, ending their revolt, two spokesmen for the soldiers told Reuters on Tuesday. Neither Ivory Coast’s defence minister nor government spokesman was immediately available to confirm details of the agreement, but a Reuters witness […]

British IT expert Marcus Hutchins who has been branded a hero for slowing down the WannaCry global cyber attack, during an interview in Ilfracombe, England, Monday, May 15, 2017. Hutchins thwarted the virus that took computer files hostage around the world, including the British National Health computer network, telling The Associated Press he doesn’t consider himself a hero but fights malware because “it’s the right thing to […]

Instead, they have been vetted by a Parliament where moderates and reformists achieved a slim majority in 2015 elections, which has opened the floodgates for thousands of candidates in the vote on Friday: lawyers, religious minorities, women’s rights activists, bank managers and sports figures, among others. Continue reading the main story “The educated middle class and urbanites are emerging and asserting themselves for the first time,” said […]

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