This kind of manipulation of the law is unfolding at a keen moment of weakness for the press, which has already been buffeted by falling revenue and mounting public disaffection. Only 40 percent of the public — the lowest rate since at least the 1990s — trusts the media “to report the news fully, accurately and fairly,” according to a Gallup survey conducted in September 2015. This […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks edged higher in afternoon trading on Tuesday, pushing the Dow above the 19,000 level and the S&P 500 above 2,200, though a fall in healthcare stocks weighed on the market. All three indexes along with the small-cap Russell 2000 index again hit intraday record highs, a day after all four indexes set record closing highs, extending their […]
Jeddah, Kingdom of Saudi Arabia, 22 November 2016 President of the Republic of Benin, H.E. Patrice Talon, paid an official visit to the Islamic Development Bank (IsDB) Group headquarters in Jeddah today. He was officially welcomed by IsDB President, Dr. Bandar Hajjar, as well as Vice Presidents and heads of the Bank’s entities. President Talon expressed his country’s willingness to scale up ongoing cooperation with the IsDB […]
Small-caps and banks in heavy demand, but once high-flying tech stocks being shunned Source link
Investors pushed US equity benchmarks further into record territory on Tuesday, buoyed by expectations of a hefty economic spending plan by the incoming Republican administration. The S&P 500 rose 0.2 per cent to 2,203 in the opening minutes of trading while the Dow Jones Industrial Average popped above 19,000 for the first time. That came a day after Wall Street set a quartet of records, with all […]
Investors were set to push US equity benchmarks further into record territory on Tuesday, buoyed by higher oil prices and expectations of a hefty economic spending plan by the incoming Republican administration. S&P 500 futures were firmer ahead of New York open and a day after Wall Street set a quartet of records, with all four of the country’s main equity indices closing at fresh peaks. The […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose to their highest level since October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree on a cut could lead to a deepening supply glut by early 2017. International Brent crude oil futures rose as high as $49.63 a barrel on Tuesday, up […]
Dubai’s Shuaa Capital announced on Monday the completion of a deal allowing Abu Dhabi Financial Group (ADFG) to buy a 48.36 percent stake in the investment bank. Alternative investment firm ADFG agreed in June to acquire the stake from Dubai Banking Group, a subsidiary of Dubai Group. Shuaa received approval from both the central bank and the stock market regulator last week and the deal has now […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at a record peak they were also wary of chasing prices higher until President-elect Donald Trump picks his economic team. Crude oil extended gains in Asian trading with U.S. West Texas Intermediate (WTI) up 1 percent in early […]
The UK’s Autumn Statement arrives laden with investors waiting to see whether the British government will make good on recent heavy-handed hints about fiscal expansion. Past Treasury updates have tended to be a damp squib in global financial markets — political posturing and fiddling with tobacco taxes rarely able to catch the interest of international money. This year however the chancellor, Philip Hammond, has an opportunity to […]
Abu Dhabi Commercial Bank (ADCB) has closed a $600 million three-year syndicated loan, Wells Fargo, the bank that coordinated the debt transaction, said in a statement. The facility, which was syndicated to Asian banks, offers an interest rate of 95 basis points over the London Interbank Offered Rate (Libor). The loan initially closed at $220 million after a limited syndication which saw the participation of seven banks. […]
Submitted by Howard Kunstler via Kunstler.com, America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been turned out to solemnly await the […]
The dollar’s post-US election surge has investors contemplating not whether they have overdone the rally but just how far the greenback can rise and how quickly it will get there. A series of currency landmarks, which not long ago investors thought too distant to worry about, have already been trampled by the dollar’s relentless march. The euro fell below $1.06, the yen weakened towards ¥111 against the […]
Dubai/London: November21, 2016 Advance Global Capital (AGC), announced the partnership with Invoice Bazaar, a FinTech Supply Chain Finance platform in the United Arab Emirates for offering receivables purchase from SME suppliers. As part of the initial term sheet signed, AGC is committing a capital of AED 4 Million (US$1.1Million) as the first tranche towards purchase of receivables mainly targeted towards the SME segment. Supply Chain Finance, is […]
When a man goes bankrupt it happens in two ways: first gradually, then suddenly. Those who look to financial markets for meaningful information about the future must accept the risk that the market may be wrong. The problem for those who place their faith in its predictive powers is that — like the bankrupt described by Ernest Hemingway — when investors discover they are wrong they too […]
Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation that Congress could push through a fiscal expansion after years of budgetary restraint. Stanley Fischer, vice-chairman of the Federal Reserve Board, said that the central bank did not need to be the only game in town and […]
Wall Street is betting big on small. US president-elect Donald Trump’s pledge to ignite faster economic growth has put the shares of smaller US companies on track to outshine big multinationals this year for the first time since 2013. The Russell 2000, an index of shares with a median market value of less than $1bn, has surged 10 per cent to a record since the US election. […]
A shift towards stimulative fiscal policy could help ease the burden on the Federal Reserve in supporting the US economy, the Fed’s vice president has said. Speaking in the wake of Donald Trump’s election to the White House, Stanley Fischer said productivity-enhancing government policy such as higher infrastructure spending would help “confront some of our longer-term economic challenges”. “Macroeconomic policy does not have to be confined to […]
Downtown Damascus feels busy and alive, with people boarding vans and buses to get to work as in any other city. But the heavy traffic is partly a result of the security checkpoints that have proliferated. Continue reading the main story We were forbidden to photograph checkpoints, but they are ubiquitous. Our government-required minder alternately castigated, teased and charmed the soldiers and militiamen to speed our passage. […]
Investors, central bankers and policymakers are once again talking about investing in infrastructure as a way to stimulate flagging economies around the world. If the zeitgeist is to be believed, 2017 will see a burst of infrastructure investment-related activity. It’s a good idea, but there is plenty of reason to suspect that little will happen. A big reason why infrastructure investment is back in vogue is that […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
Photo President Hassan Rouhani of Iran, center, at a welcome ceremony earlier this month in Karaj, just west of Tehran, has said that his country will remain committed to a nuclear deal with the United States and other world powers. Credit Office of the Iranian Presidency, via Associated Press TEHRAN — At first blush, the election of Donald J. Trump would seem to be bad news for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose around 1 percent on Monday as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years. Brent crude futures LCOc1 were trading at $47.31 per barrel at 0743 GMT, up 65 cents, or 0.96 percent, from their last settlement. U.S. West Texas Intermediate (WTI) CLc1 was up 0.9 percent, […]
November 21, 2016 by: Peter Wells in Hong Kong and Michael Hunter in London Monday 08.00 GMT. Oil prices are making notable gains, tracking the prospect of a deal on output cuts between major producers, setting Brent crude on course for its first two-session advance since early October. Brent crude, the international benchmark, is up 1.3 per cent at $47.47 a barrel, while West Texas Intermediate is […]
