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Rep. Trey Gowdy (R-SC) appeared on Fox’s First 100 Days Thursday evening after a closed door briefing earlier in the day by FBI director James Comey concerning the agency’s investigation into claims of Russian interference in the 2016 presidential election. The interview begins with host Martha MacCallum mentioning that Congressman Adam Schiff (D-CA), who attended the same meeting, was “rattled” over the lack of information Comey gave concerning Russian involvement in the election. Gowdy, on the other […]

The National Australia Bank (NAB) faced the House of Representatives Standing Committee on Economics’ review of the performance of Australia’s banking and financial system on Friday, with CEO Andrew Thorburn probed again on the idea of opening up the bank’s application programming interfaces (API) to external parties. By 2018, banks in the United Kingdom will be required to effectively open up APIs to enable consumer data to […]

DHAKA Bangladeshi police have arrested the head of an Islamist militant group accused of inspiring followers to kill foreigners, the chief of the counter-terrorism unit said on Friday. Shaikh Mohammad Abul Kashem, who founded an offshoot of the larger Jamaat-ul-Mujahideen Bangladesh (JMB) group, was picked up on Thursday night in the Senpara Parbata area of the capital, Dhaka. Kashem worked alongside Canadian citizen Tamim Chowdhury and Nurul […]

Total Islamic banking assets in the UAE have increased to about AED520 billion ($141.5 billion), about 7 percent of the global total, it has been revealed. Saif Hadef Al Shamsi, assistant governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total assets of the state’s banks. He added in […]

SYDNEY The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street’s party as the reality of rising borrowing costs began to sink in. Spread betters pointed to opening losses for European stocks and E-mini futures for the S&P 500 were off 0.3 percent. Asian markets were mostly lower, […]

Core inflation has returned to Japan for the first time since 2015, with consumer prices excluding fresh food rising by 0.1 per cent in January over the same month a year earlier. The return to positive territory was driven by energy — petrol prices jumped 9.2 per cent year-on-year after big drops in 2016 — but the rise will be welcome news for the Bank of Japan. […]

There was no mistaking the arrival of King Salman Abdulaziz Al-Saud of Saudi Arabia and his entourage in Malaysia on Sunday morning. Traffic stood still for 30 minutes as we waited for the 600-strong royal party to make their way from the airport to the centre of Kuala Lumpur — a near-endless stream of limos, lorries, outliers and ambulances, sirens screaming. This is King Salman’s first trip […]

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Branden Spikes says he has led a charmed life. Boasting an IT career that started in Silicon Valley when the web was born, Spikes was in the midst of the “awesome craziness” that occurred as a result of the dotcom boom — not to mention “the craziness” that he said followed. “The invention of the web was happening right in my backyard at a time when I […]

BEIJING, Activity in China’s services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed. The findings echoed a similar softening in growth in China’s official services activity survey released on Wednesday, and contrasted with an unexpected pick-up in growth in its […]

Saudi Arabia’s main sovereign wealth fund Public Investment Fund (PIF) is looking at taking minority stakes in German technology and financial companies, although any deal is unlikely before 2018, the kingdom’s ambassador to Germany said. Such a move would mirror other Gulf state funds from Dubai, Qatar and Kuwait, which have taken minority stakes in German companies including Daimler, Deutsche Bank and Volkswagen, although Ambassador Awwad Al-Awwad […]

BEIJING China’s leaders are expected to telegraph their willingness at this year’s annual parliament meeting to let reforms overtake policy stimulus as their priority amid concerns over financial instability in the world’s second-largest economy. Pro-growth policies, evident by a lending binge and increased government spending last year, have fueled worries among policymakers about high debt levels and an overheating housing market. Top leaders at the National People’s […]

WASHINGTON The U.S. Senate voted on Thursday to confirm retired neurosurgeon Ben Carson as secretary of the Department of Housing and Urban Development (HUD) in President Donald Trump’s Cabinet. Carson, who ran for the 2016 Republican presidential nomination and later endorsed Trump, becomes the only African-American in the Trump Cabinet. The Senate confirmed his appointment by a vote of 58 to 41. Carson was sworn in by […]

By Luke Baker | BETHLEHEM, West Bank BETHLEHEM, West Bank A year ago, Nuseir Yassin, a 24-year-old Harvard graduate, was living in New York city, working for a successful hi-tech company and earning $120,000 a year. Despite it all, he couldn’t escape the feeling that life was passing him by. So for the past 328 days, he has been travelling the world – from Nigeria to Myanmar, […]

Oman’s government has given itself breathing space from the pressure of financing a large budget deficit by selling $5 billion of international bonds, almost completing its entire foreign borrowing plan for 2017 in a single issue. Wednesday’s bond sale, in tranches of five, 10 and 30 years, was about double the size that most investors had expected and a huge amount for a country which returned to […]

By Yashaswini Swamynathan U.S. stocks looked set to climb further on Thursday after a record day on Wednesday, as strong economic data added to the optimism about the U.S. economy. Wall Street’s main indexes rallied on Wednesday and the Dow Jones Industrial Average sailed past the 21,000 mark, boosted by President Donald Trump’s more measured tone in a speech to Congress and as bank stocks surged on […]

The war is not over yet — the battlefield has just gotten bigger. On February 28, publisher EA and developer DICE unveiled four major expansions for Battlefield 1 included in the Premium Pass offer. These expansions will extend the flames of World War I around Europe with a focus on French and Russian armies in their respective lands. You can also engage in thrilling amphibious and naval battles, and […]

Cars are on their way to becoming ‘mobile phones on wheels’ The car of the future will let you pay for petrol or parking directly from your vehicle and receive traffic alerts and restaurant recommendations from your onboard digital assistant. Connected cars—or “mobile phones on wheels”—will be able to do those things and more, including communicate with each other on the road and with the infrastructure around […]

A video showing Uber CEO Travis Kalanick disrespecting a company driver has gone viral and drew a firestorm of criticism, and Kalanick would like to apologize. For those unfamiliar with the matter, a video surfaced on Tuesday, Feb. 28 showing Kalanick in a heated argument with an Uber driver. The video stirred quite some waves and made headlines, so a more humble Kalanick has now seen the error of […]

Middle East fund managers have turned more bullish towards Saudi Arabian equities on hopes that corporate earnings may finally have bottomed out after a slide due to low oil prices, a monthly Reuters poll found. The poll of 13 leading fund managers, conducted over the past week, also found they had become very bearish on Qatari and Egyptian shares. The poll found 62 percent of managers expect […]

Photo King Salman of Saudi Arabia, center, arriving at the presidential palace in Bogor, Indonesia, on Wednesday. Credit Achmad Ibrahim/Agence France-Presse — Getty Images LONDON — You could call it bling diplomacy. As part of a monthlong tour in Asia to promote economic ties, King Salman of Saudi Arabia arrived in Indonesia on Wednesday to great fanfare, accompanied, the news media said, by a retinue with a […]

CK Chow struck a cautious note at the start of the week when revealing the Hong Kong Exchange’s annual results. With average daily turnover down 37 per cent, the exchange chairman’s wariness was understandable as he talked of a “challenging” outlook and volatile markets. Yet such caution is out of step with the mood in the market. Hong Kong’s blue-chip Hang Seng index and the Hang Seng […]

The Bank of Japan published detailed schedules of planned asset purchases for the first time on Tuesday as it seeks to prove its commitment to a zero per cent cap on 10-year government bond yields. Japan’s central bank said it will buy a minimum of ¥1.375tn and a maximum of ¥2.175tn of government bonds during March, giving a series of dates and estimated sizes for its planned […]

Republica de Panama a former Spanish settlement is sandwiched between the Caribbean Sea and the Pacific Ocean. The landscape offers an amazing opportunity for tourism and tax-free zone offers to set up offshore companies; the choice between both is up to you. In other words, you will be in Panama for blonde or for pelf. A German newspaper Suddeutsche Zeitung obtained the records of some staggering 11.5 million […]

TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]

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