PARIS Jean-Luc Melenchon, the far left candidate who came fourth in the first round of France’s presidential election with nearly 20 percent of the vote, is polling core supporters on whether they will back centrist Emmanuel Macron in the second round. Melenchon’s ‘France unbowed’ political movement said in a statement that none of it members would vote for far-right leader Marine Le Pen on May 7. It […]
Credit Suisse has launched a SFr4bn ($4bn) share issue and said it will abandon plans to list its Swiss division in an attempt to draw a line under capital fears that have dogged the bank since chief executive Tidjane Thiam took over two years ago. Investors expected the bank’s quarterly earnings on Wednesday to feature only limited news on its much-anticipated capital plans since it is not […]
The boss of Etihad Airways, which owns 49 percent of troubled Italian airline Alitalia, said he deeply regretted a decision by Alitalia staff to reject a last-ditch restructuring deal, blocking a recapitalisation and sparking fears that the carrier may be grounded for good. The future of Alitalia was in doubt on Tuesday, with James Hogan, president and CEO of the Etihad Aviation Group and vice chairman of […]
Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]
He was supposed to have been charged yesterday, but action was put off A WARRANT of arrest is out for a politician in Malacca implicated in a multimillion-ringgit corruption scandal. The man was supposed to be charged yesterday with at least 10 counts of offences related to money laundering, but the highly-anticipated court appearance did not materialise. The New Straits Times was made to understand that the […]
86 percent of the total attacks experienced by Australia during a 12-month period originated from within the country’s borders, a report from NTT Security has found. The United States was the source of 9 percent of the total attacks, while Germany accounted for 1 percent. According to the NTT Security Global Threat Intelligence Report 2017, remote administration was the top service used in attacks against Australia, with […]
Oil traders banking on a sustained market recovery in 2017 are growing impatient. As the price of Brent crude falls towards $50 a barrel, Opec, energy analysts and some of the most powerful banks in the commodities sector are urging traders to maintain their composure. After a production cut deal between the cartel and rivals such as Russia was agreed late last year, prices began 2017 $10 […]
Your daily guide to community and cultural activities across the Emirates for April 26, 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 Dubai Performance Get tickets now […]
Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]
The public should be able to freely access the names of the people behind the ownership of assets and bank accounts in order to boost transparency and stop secret shell companies being used for criminal activity. This is the key contention of a host of submissions to Treasury as part of the federal government’s plans to increase transparency of the beneficial ownership of companies following the Panama Papers revelations. Play […]
25 April 2017 Dubai, UAE – Global Islamic Finance Report (GIFR) 2017, the oldest yearbook in Islamic banking and finance, was launched yesterday in Fairmont The Palm, Dubai by Mr Abdulla Mohammed Al Awar, CEO of Dubai Islamic Economy Development Centre. According to GIFR 2017, the estimated figure for the global Islamic financial industry in 2016 is US$2.293 trillion after recording a growth of 7%. This, however, […]
There is no love lost between French luxury house LVMH and its smaller rival Hermès despite the financial ties between them. In 2011, then-Hermès chief executive Patrick Thomas reacted with absolute fury when he learnt that LVMH had used derivatives to build up a stake in the company. In a notoriously crude statement, he said: “If you want to seduce a beautiful woman, you don’t start by […]
He refused to speculate on whether the cancellation was a tit-for-tat move after the German leadership postponed a governmental exchange with Israel, originally planned for May, citing scheduling conflicts. “The whole situation has to cool down,” Mr. Gabriel said. Continue reading the main story After the meeting of the two leaders was called off, an Israeli official in Mr. Netanyahu’s office, speaking on customary condition of anonymity, […]
Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]
By Dan Freed and Ross Kerber | PONTE VEDRA BEACH, Fla. PONTE VEDRA BEACH, Fla. Wells Fargo & Co’s (WFC.N) annual meeting turned raucous when it was repeatedly interrupted by angry shareholders on Tuesday as the bank’s chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board. At least one shareholder was removed and the meeting went […]
The Nasdaq Composite breached the 6,000 level for the first time on Tuesday and extended its double -digit gain for the year as investors focus on owning companies with strong growth prospects. The tech-heavy benchmark climbed as much as 0.7 per cent to 6,022 early in the day after closing at a record high in the previous session. Renewed appetite for technology stocks and a rally in […]
BERLIN Israeli Prime Minister Benjamin Netanyahu will not meet Germany’s foreign minister on Tuesday after a row over Sigmar Gabriel’s plans to meet civil society groups on a visit to Israel, several German media reported. Germany’s DPA news agency, the Frankfurter Allgemeine Zeitung Online and other media reported that Netanyahu had cancelled the talks, a move Gabriel said earlier would be “regrettable”. No one at the German […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
More than half of businesses in Singapore, Japan, and South Korea are among the least prepared for the upcoming European Union’s data privacy laws, with a quarter of their counterparts in Australia and the US fearing a shutdown as a result. With a year to go before the General Data Protection Regulation (GDPR) would take effect on May 25, 2018, some 56 percent of Singapore-based companies had […]
By Linda Sieg and Tetsushi Kajimoto | TOKYO TOKYO The secretary-general of Japan’s ruling party said on Tuesday he will attend China’s New Silk Road summit in May, a sign Prime Minister Shinzo Abe wants to improve ties with Beijing amid tensions over North Korea’s missile and nuclear programmes. But an adviser to Abe said Tokyo remained cautious about the China-backed Asian Infrastructure Investment Bank (AIIB), created […]
Dubai Aerospace Enterprise (DAE) Ltd has announced the signing of a definitive agreement to acquire 100 percent of the AWAS group of companies, a global leader in aircraft leasing. The deal has been struck with funds managed by Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. Terms of the transaction were not disclosed. AWAS is one of the world’s leading aircraft leasing companies, with […]
Authored by Jeremiah Johnson (Nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com, Following the money is always the key and crucial element to determining the “probable cause/modus operandi” regarding to globalist actions. Although there are many who believe that President Trump is the panacea to all our problems, even they may perhaps admit that there are forces other […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the U.S. announced new duties […]
DUBAI // A top celebrity cardiologist has urged people to ditch “white death” diets of bread, pasta, sugar and salt if the UAE is to tackle its rampant levels of diabetes. Bestselling Australian author Ross Walker, credited with changing attitudes to eating with his no-nonsense advice, on Monday told of the key health messages that could improve the lives of millions in the UAE. Health can be […]
