(Updates details) DUBAI, June 10 (Reuters) – The malls unit of Dubai’s Emaar Properties tightened the pricing guidance for its 10-year sukuk to 190 basis points over midswaps, a document from lead managers said on Tuesday. The firm, which owns Dubai Mall, one of the world’s biggest shopping centres, had set initial pricing thoughts in the area of 200 bps over midswaps earlier in the day. It […]
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
Nov 25, 2016 12:35 pm IST We’re going to be live on Facebook at 9.30 a.m. India time Monday discussing India’s ongoing cash crunch and want your questions. The government’s crackdown on the hoarding of notes has left many Indians hungry for cash, and some with sackfuls of large bills they are unable to spend or deposit. Others have found inventive ways to get around the shortage. […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
“This step will strengthen the hands of the common man in the fight against corruption, black money and fake currency.” —Indian Prime Minister Narendra Modi. For the first time, Indian patriot and defender of the common man, Narendra Modi, appears to be in over his head. Practically, the unintended (?) consequences are nothing short of a crushing blow to those his efforts are said to protect. The […]
WHEREVER you are right now, there’s a very good chance the weather is much nicer in San Diego. California’s second most populous city has long used its relentlessly pleasant climate to lure travelers to attractions like the USS Midway, SeaWorld, more than 90 golf courses and roughly a bazillion miles of beaches and hiking trails. Rarely does a sneak attack of cold or wetness ruin a weekend […]
Updated Nov. 25, 2016 8:52 p.m. ET The most valuable U.S. financial-technology startup is extending its lead. Stripe Inc., whose software is used by businesses to accept and track digital payments, will be valued at $9.2 billion in a new funding round that is being completed, the company said. That valuation, which includes roughly $150 million in new cash being raised, nearly doubles the privately held company’s […]
This transcript has been automatically generated and may not be 100% accurate. federal jury said the Palestinian Authority and the Palestine Liberation Organization held liable for supporting fixed terrorist attacks in Israel … the kids now have to pay the victims’ families … two hundred and eighteen point five million dollars for the attack … took place more than a decade now … for more NS were […]
By Sam Forgione | NEW YORK NEW YORK Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilization in U.S. Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000 , hit […]
Black Friday is highly anticipated nowadays due to the huge discounts it brings, but the history of Black Friday is actually a bit darker and more complex. Over the years, Black Friday has become one of the biggest shopping days of the year, as huge crowds of shoppers flood stores the day after Thanksgiving to buy loads of heavily discounted stuff. However, the real story behind the term “Black […]
The unlocked Sony Xperia X is now available at an attractive price point on Amazon, shedding 25 percent off its regular price to retail at $299.99. The smartphone launched back in June as a capable midranger, promising a more-than-decent performance without breaking the bank. At that point, the Sony Xperia X launched at a $549.99 price point, but it got more affordable in the meantime. Amazon is […]
* Debut sukuk seen pricing around 175 bps over midswaps * May come in tighter than Majid Al Futtaim * Order books over $2 bln within hours of announcement * Retail sector avoids some of Dubai’s property risk Advertisement * Expected to price on Wednesday By Archana Narayanan DUBAI, June 10 (Reuters) – Emaar Malls Group, a unit of Dubai’s Emaar Properties , may price its debut […]
DUBAI, June 11 (Reuters) – Abu Dhabi-based telecommunications operator Etisalat has set initial price thoughts on its debut bond issue which could price at end of the day, a document from the lead managers said on Wednesday. Pricing guidance for a 5-year dollar bond has been set at 80 basis points over mid-swaps and a 10-year dollar bond is set in the area of 100 to 110 […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]
Better access to low-interest funding could spur growth of East African Small & Medium Businesses JOHANNESBURG, South Africa, November 24, 2016 Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), […]
Submitted by Jeffrey Snider via Alhambra Investment Partners, For the month of July 2014, total durable goods orders exploded higher in a fit of Boeing. The growth in aircraft orders in percentage terms was so large as to be meaningless. On a seasonally-adjusted basis, total durable goods (using the latest benchmarks) went from $236.3 billion that June to $290.8 billion for July. Coming as it did in […]
By Paul Arnold and Ludwig Burger | ZURICH/FRANKFURT ZURICH/FRANKFURT U.S. healthcare company Johnson & Johnson (JNJ.N) said on Friday it was in preliminary talks with Actelion (ATLN.S) about a potential takeover of Europe’s largest biotech firm, currently valued at about $20 billion. Lung disease specialist Actelion confirmed it had been approached and said there was no certainty a deal would occur. An acquisition of the Swiss company […]
DUBAI, June 11 (Reuters) – Commercial Bank of Qatar is planning to meet fixed income investors for a potential benchmark dollar bond issue starting Thursday, a document from the leads showed. The lender, rated A1/A-/A by the international rating agencies, has mandated Bank of America Merrill Lynch, HSBC and Morgan Stanley to arrange the road show. The road shows will start in Singapore on Thursday, before moving […]
Photo A frefighter in Beit Meir, near Jerusalem, on Friday. Fires, which began on Tuesday, have erupted throughout the country. Credit Ahmad Gharabli/Agence France-Presse — Getty Images JERUSALEM — Twenty-two people had been arrested on suspicion of arson or incitement to arson, security officials said on Friday, as Israel continued to battle its worst wildfires in years. The fires, which began on Tuesday, have erupted throughout the […]
By Francesca Landini and Stephen Jewkes | MILAN MILAN France’s Amundi has submitted the highest offer to buy Italian UniCredit’s asset manager, Pioneer, while a consortium led by Poste Italiane and Ameriprise Financial are scrambling to stay in the race, three sources close to the matter said on Friday. Two of the sources also said that Australia’s Macquarie (MQG.AX) was practically out of the race because its […]
DUBAI, June 11 (Reuters) – Albaraka Turk , a major unit of Bahrain-based Al Baraka Banking Group , will start fixed income investor meetings in Asia, Europe and the Middle East on Friday, a document distributed by lead arrangers said. The meeting may lead to a Reg S, U.S. dollar-denominated senior unsecured sukuk offer. In early May, a company official said the issue was expected to be […]
DUBAI, June 11 (Reuters) – Pricing guidance for a ten-year sukuk issue by Emaar Malls Group, a unit of Dubai’s Emaar Properties , was tightened further on Wednesday, with final guidance issued at 185 basis points over midswaps plus or minus 2.5 bps, a document from lead arrangers said. The size of the issue will be $750 million, the document showed. On Tuesday Emaar Malls, which also […]
