Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]
BANGKOK/MOSCOW Several passengers were injured on an Aeroflot flight from Moscow to Bangkok when their Boeing 777 ran into “severe turbulence” 40 minutes before landing at the Thai capital on Monday, the Russian airline said in a statement. The airline said the crew was unable to warn passengers of the approaching danger as the turbulence occurred in a clear sky. “Several passengers were injured,” the statement said. […]
President Donald Trump was a distracting entertainment from the moment he launched his campaign in June of 2015 — until he wasn’t. His opening speech, in which he called Mexican immigrants “rapists” and told the world he would be the best jobs president “God ever created,” was looked at as the ravings of a man whose outsized ego was too big to be anything but hilarious. News […]
Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Seeing the Light It has been said that “the definition of insanity is doing the same thing over and over again and expecting different results.” No one quite knows who first uttered this remark; it has been attributed to Albert Einstein, Mark Twain, Benjamin Franklin, and has even been said to be an Ancient Chinese Proverb. What […]
A Doha court on Sunday upheld the death penalty in the retrial of a Qatari man convicted of murdering a 24-year-old British female teacher. Badr Hashim Khamis Abdallah al-Jabr was found guilty of stabbing Lauren Patterson and then burning her body in the Qatari desert in October 2013. “The defendant was fully aware of the consequences of his actions,” Doha’s court of cassation ruled. It said that […]
WASHINGTON The Trump administration’s push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday. President Donald Trump campaigned before the Nov. 8 election to eliminate the so-called “carried interest” loophole, which is used by many financial managers to lower tax obligations. But a rough outline for a […]
LIBYA: Libya has seized two foreign-flagged oil tankers and detained their crews for allegedly smuggling fuel after an hours-long gunbattle off the west coast, authorities said.Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in Africa.Libya had an output capacity of about 1.6 million barrels per day before the 2011 armed uprising, but production has since slumped as rival forces battle […]
Authored by Bethany Bell Rome has been struggling to cope with a rubbish crisis and Austria has spare capacity at a waste-to-energy plant near Vienna. So a deal has been struck. The Italians are paying Austrian company EVN to dispose of up to 70,000 tonnes of Roman household refuse this year. The waste is transported by train through northern Italy, over the Alps and ends up at […]
The Trump administration has opened the door to huge potential savings for hedge fund and private equity managers by proposing to slash tax rates for small businesses in a way that could be exploited by Wall Street financiers. Hedge fund and private equity managers are a subgroup that could emerge with some of the biggest gains from the President Donald Trump’s tax plan, which was scorned by […]
President Trump wasted no time before skewering the media at a rally in Harrisburg, Pennsylvania on Saturday, calling the press “fake news” as journalists less than 200 miles away in Washington, D.C. were putting on ball gowns and bow ties for the annual White House Correspondents’ Association dinner. “Media outlets like CNN and MSNBC are fake news. Fake news.” Trump said, to a chorus of boos from […]
To understand the dynamics of Pakistani politics, one needs to watch the popular drama series Game of Thrones. Based on George R R Martin’s series of novels A Song of Ice and Fire this drama serial focuses on the moves and conspiracies to win power games. I am sure if the writer or director sees Pakistan’s version of Game of Thrones they would forget their own drama series. […]
Chinese insurance group Anbang has threatened legal action against a leading investigative magazine over what it called “slanderous” allegations about financial irregularities and the marital status of its chairman, in the latest sign of the intensifying power struggle in the financial sector. Anbang, which has curbed its long acquisition spree amid heightened capital controls, said in a statement on Sunday that Caixin had “forged rumours” that chairman Wu […]
Abu Dhabi Financial Group (ADFG) has announced plans to launch Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE, the company said in a statement. It added that Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate time […]
(Image: Hawking.org) It’s a pet obsession that both physicist Stephen Hawking and entrepreneur Elon Musk — two people credited with pushing the boundaries of technology and science in pioneering ways — have in common: Rampaging intelligence, borne within machines, could end the human race if utilized dangerously. “I believe there is no real difference between what can be achieved by a biological brain and what can be […]
30 April 2017 UAE – According to the annual YouGov survey conducted by IP Global, the leading full-service property investment company; North America, UK, Germany and Australia remain the top property investment destination for UAE residents. The survey results show that when it comes to investing in property abroad, North America is the most popular market among UAE citizens. The UK with 13% and Australia with 11%, […]
By Lacey Johnson and Ian Simpson | WASHINGTON WASHINGTON A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump’s stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. The Peoples Climate March, the culmination of a string of Earth Week protests that began with last Saturday’s […]
By Patrick Rucker | HARRISBURG, Pa. HARRISBURG, Pa. U.S. President Donald Trump hit the road on Saturday to celebrate his first 100 days in the White House with cheering supporters at a campaign-style rally, touting his initial achievements and lashing out at critics. Trump told a Pennsylvania crowd he was just getting started on meeting his campaign promises. He repeatedly attacked an “incompetent, dishonest” media, saying they […]
By Lawrence Delevingne | BEVERLY HILLS, Calif. BEVERLY HILLS, Calif. Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy […]
Sony’s fiscal year 2016 was the best one for the PlayStation 4, but separate reports believe that the company has big plans in store for the video game console. The next PlayStation console, likely to be named the PlayStation 5, could be launched as early as next year. The PlayStation 4, meanwhile, may soon receive a significant price cut. PlayStation 5 Coming Next Year? Sony released the PlayStation […]
Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]
By Liana B. Baker and John Tilak Shaw Communications (SJRb.TO) is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core. The sale of ViaWest would be Shaw’s latest step to streamline its operations. Last year it sold its media assets to […]
Islamabad Minister of State for Capital Administration and Development Division Dr Tariq Fazal Chaudhry Tuesday said Pakistan Tehrik-i-Insaf (PTI) used Panama Papers as a political ploy after its allegations of electoral rigging were rejected by a judicial commission in 2014.Addressing a press conference along with Pakistan Muslim League-Nawaz (PML-N) Member of National Assembly Daniyal Aziz, he said the name of Prime Minister Nawaz Sharif was not even […]
By Giselda Vagnoni and Agnieszka Flak | ROME/MILAN ROME/MILAN Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed. Outraged at repeated state bailouts that have cost taxpayers more than 7 billion euros ($7.62 billion) over a decade, many Italians are taking to social media to urge […]
By Andrew Osborn and Svetlana Reiter | MOSCOW MOSCOW Several hundred Russians lined up in central Moscow on Saturday under the gaze of riot police to hand over handwritten appeals for President Vladimir Putin to quit, as similar protests took place in other cities. Putin, who has dominated Russian politics for 17 years, has not said whether he will run in presidential elections in March 2018. But […]
