November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
With residential solar energy ramping up, consumers are looking for ways to store extra energy without breaking the bank. To help solve this problem, a team of scientists has come up with a novel possibility: do-it-yourself, scrap-metal batteries. Source
JERUSALEM — An Israeli ministerial committee on Sunday approved a contentious bill that would allow for the retroactive legalization of Jewish settlement outposts built on privately owned Palestinian land in the occupied West Bank. The measure breaks a longstanding taboo, and in the view of many experts, it defies international law. The bill requires approval by Parliament before becoming law. Prime Minister Benjamin Netanyahu opposed its advancement […]
Abu Dhabi, November 14, 2016: Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters announced today the winners of the 4th edition of the Ethical Finance Innovation and Challenge Awards (EFICA). Tirad Al Mahmoud, Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB) presented The EFICA Lifetime Achievement Award to the former governor of Malaysia’s Central Bank, Dr Zeti Akhtar Aziz for her pivotal role in developing the […]
Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]
By Jessica DiNapoli | NEW YORK NEW YORK American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. The company became a part of popular culture for […]
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ‘Starting a Business’ compared to previous year. 14 November 2016 According to Peeter Smitt, Middle East region Managing Director at Nortal, the record […]
The election of Donald Trump represents a “tectonic shift” for global economics and politics, and will help kill the three-decade bond market rally, according to Henry Kaufman, the original “Dr Doom”. The former Salomon Brothers chief economist gained his gloomy moniker by correctly calling the last bond bear market in the 1970s, and is now predicting another one, as Mr Trump will probably fire a massive slug […]
On Wall Street the S&P 500 has surged to within touching distance of a record high, with the US equity market electrified by Donald Trump’s capture of the White House and the Republican party unexpectedly keeping control of Congress in Tuesday’s US election result. As an historic week ends, investors believe that a macro economic regime change looms, upending the policy mix that has dominated in Washington […]
The Bank of Japan faces a defining stress-test of its “yield curve control” policy in coming days as the benchmark Japanese government bond yield nears zero and currency markets recalibrate themselves for a Donald Trump US presidency. With post-election yen volatility already making a mark on Japanese equities, traders in Tokyo said the focus would this week turn on JGB markets and the BoJ’s resolve. After wrestling […]
Israeli government ministers gave a green light on Sunday evening to a bill that would retroactively legalise Jewish outpost settlements in the occupied West Bank which, if approved by the Knesset, would likely bring international criticism and anger the Palestinians. The ministerial committee for legislation approved the draft legislation unanimously, despite opposition from Benjamin Netanyahu, prime minister. Avichai Mendelblit, attorney general, told ministers that the bill contradicted […]
ABU DHABI // A spate of accidents across Dubai on Monday morning caused delays to commuters, prompting police to warn drivers to take extra care. Dubai Police took to Twitter at 8.25am to report an accident on Sheikh Rashid Road, before the tunnel of the Dubai World Trade Centre, heading towards Jebel Ali. Motorists heading towards Abu Dhabi experienced heavy congestion on the E11 Sheikh Rashid Road […]
|By Arabian Post Staff| David Lawrence Haigh, former British deputy chief executive and legal consultant of GFH Capital Limited, whom Dubai Police had arrested in May 2014 on charges of treason and breach of trust, has been ordered to pay amounts of AED8.7 million, 2.03 million pounds and $50,000 for dishonesty and misappropriation of money. Haigh was one of the men behind GFH’s purchase of Leeds from […]
|By Arabian Post Staff|New solutions to meet future needs and diversify the options are being integrated into the the e-Dirham system, top officials involved in the development of a national alternative to cash payment for government services in the UAE indicated. Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8 billion. The number of e-Dirham transactions rose by […]
Monday 02.10 GMT. The post-US election rally appears to have subsided, with Asian equities benchmarks having a mixed morning with the exception of Japan, which has been propped up by a weaker yen. Wall Street finished a strong week on a mixed note on Friday, as the S&P 500 slipped but the Dow Jones Industrial Average closed at a record high. The action on Monday is in […]
|By Arabian Post Staff|Leading UAE bank FGB has launched the UAE’s first Wealth Sentiment Index, which measures the prevailing mood of affluent investors in the UAE market, from a personal and business point of view. The index will serve as an indicator of the overall sentiment of the market, based on existing fundamental and economic factors. The new index was launched during FGB’s fourth annual Investment Conference, […]
By Chris Prentice | NEW YORK NEW YORK Facebook Inc chief executive Mark Zuckerberg again rejected the idea that the social network affected the U.S. presidential election, saying late Saturday it is “extremely unlikely” news hoaxes changed the outcome. Ensnared in a string of content controversies in recent months, Facebook has insisted that it is a technology company, not a media firm. But scrutiny of the site […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
Financial professionals arriving at their desks on Monday morning will have no shortage of views to digest on what the shock election of Donald Trump means for global markets. Having had a few days to consider the implications, economists, market strategists and analysts have penned thousands of words for clients in recent days that attempt to set out what the future holds. As Jan Loeys and his […]
Indian government’s surprise move to ban high-denomination banknotes on Nov. 8 has seen lenders lure 2 trillion rupees ($29.8 billion), as customers across the nation queue for hours to deposit the old bills. The decision has also put tremendous pressure on the banking system to replenish the funds, as the banned bills accounted for 86 percent of money in circulation. More than 70 million transactions were recorded […]
Moldova has elected as president a pro-Russian politician who has threatened to derail co-operation with the EU, in another setback for Brussels in eastern Europe. Igor Dodon, whose campaign called for closer ties with Moscow, had won 55.4 per cent of the vote with over 96 per cent of ballots counted, according to Moldova’s election commission. Mr Dodon’s election as head of state could strengthen Moscow’s hand […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
Investors are betting on a new era of improved US-Russian relations following Donald Trump’s victory in the US presidential election — anticipating that a possible easing of economic sanctions and a reduced risk of capital flight will make the rouble more robust than other emerging market currencies. At the end of last week, the rouble escaped the worst of a brutal sell-off in emerging market currencies that […]
MILAN The board of Banca Monte dei Paschi di Siena (BMPS.MI) will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday. Italy’s third-biggest bank is planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion […]
