According to a transcript obtained by AP of the phone call which took place on Friday morning between President Trump and his Mexican counterpart, Enrique Pena Nieto, and which was intended to patch things up between the new president and his Mexican peer a day after Pena Nieto called off his visit to the US, Trump threatened to send U.S. troops to stop “bad hombres down there” […]
By Radu-Sorin Marinas and Luiza Ilie | BUCHAREST BUCHAREST More than 250,000 Romanians demonstrated on Wednesday against a government decree decriminalising some graft offences, seen as the biggest retreat on reforms since the country joined the European Union in 2007. Romania’s top judicial watchdog, the Superior Magistrates’ Council (CSM), earlier in the day filed a constitutional court challenge to the decree unveiled by the new Social Democrat […]
As the creative director of Tumi, one of the world’s best-known luggage brands, Victor Sanz is well placed to offer packing advice. “Lay out all your clothes for your trip. And then cut that in half. That will get you closer to what you really need,” he suggests. “Also, bring plenty of power because you never know when you’ll need it,” he adds. “And stay positive. That’s […]
WASHINGTON The search for a 25-pound (11-kg) female bobcat that escaped from Washington’s National Zoo has been called off, with officials turning to phone tips to find the elusive feline, the zoo said on Wednesday. The wild-born bobcat, Ollie, went missing on Monday and likely climbed through a hole in the mesh net that surrounds her enclosure. Searches by keepers, police and humane society volunteers have been […]
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, has appointed banks ahead of a potential benchmark-sized US dollar sukuk sale, banking sources familiar with the situation said on Wednesday. The group of banks arranging the deal includes Bank ABC, Boubyan Bank, Emirates NBD, HSBC, Maybank, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered, the sources said, speaking on condition of […]
Millions of Indians are preparing to vote in the biggest test of public opinion since prime minister Narendra Modi announced the demonetisation of 500 and 1,000-rupee notes three months ago – a move which has plunged the country into an unprecedented cash crisis and sent the economy into a tailspin. Over the next four weeks, starting today, a series of regional elections will be held across India […]
Indian Finance Minister Arun Jaitley outlined the country’s budget for the coming fiscal year in a presentation to Parliament on Wednesday. His speech— which The Wall Street Journal live blogged — went for more than two-hours and 30 pages. The full budget document is much longer but there are easier-to-absorb shortcuts to the budget basics on his website: indiabudget.gov.in The website has the full speech with annexes as well as a 15-page “Key Features […]
By Eli Berlzon | AMONA, West Bank AMONA, West Bank Israeli police moved into an outpost in the occupied West Bank on Wednesday to remove settlers who Israel’s Supreme Court ruled have been living illegally on privately owned Palestinian land. Settlers and dozens of pro-settlement activists who flocked to the Amona outpost to protest against the evacuation burned tyres and piled makeshift barricades at its entrance. But […]
By Jeffrey Dastin | SAN FRANCISCO SAN FRANCISCO Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc. The world’s biggest online retailer has agreed to a 50-year lease for about 900 acres of property from Cincinnati/Northern […]
Submitted by John Whitehead via The Rutherford Institute, “We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.” -Ayn Rand The torch has been passed to a new president. All of […]
DHAKA Bangladesh security forces on Wednesday arrested four members of an Islamist militant group blamed for an attack on a cafe in Dhaka in 2016 which killed 22 people, most of them foreigners. The July attack in Dhaka’s diplomatic quarter was claimed by the Islamic State and was the worst militant attack in Bangladesh, which has been hit by a spate of killings of liberals and members […]
By Sinead Carew and Jamie McGeever | NEW YORK/LONDON NEW YORK/LONDON U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers. The comments from Trump at the end of a White House meeting with pharmaceutical […]
Elliott Management, the activist investment group, has called for the removal of Klaus Kleinfeld as chief executive of Arconic, the specialist metals and components company created last year by the break-up of Alcoa, arguing that “current management’s persistent failure . . . has destroyed considerable shareholder value”. The fund manager, Arconic’s largest shareholder with direct control of 10.5 per cent of the group’s shares, and a further 1.6 per cent through […]
For the London Metal Exchange, the traditional winter holiday lull in activity which affects most other financial markets comes almost a month later. Traders say that the influence of China in copper, aluminium and nickel markets, means their operations almost grind to a halt during the Chinese new year. The slowdown was clearly visible on Monday, with turnover in benchmark three-month copper futures falling to less than […]
By Kevin Dougherty and Allison Lampert | QUEBEC CITY QUEBEC CITY The French-Canadian student accused of killing six people during evening prayers in a Quebec City mosque had rented an apartment nearby, neighbours said on Tuesday, a sign he may have been targeting the house of worship. Alexandre Bissonnette, 27, was charged in court on Monday with six counts of premeditated murder and five counts of attempted […]
The three largest Omani banks – BankMuscat, Bank Dhofar and National Bank of Oman – face pressure on profitability from slowing economic growth and increased demand for Islamic finance, Moody’s warned on Tuesday. Growing appetite for Islamic finance is intensifying competition for products and placing the banks under pressure, a report from the rating agency argued. However, it added that BankMuscat, Oman’s largest bank by assets, was […]
Apple returned to increasing revenue in the holiday quarter and said the growth rate could accelerate in the coming months, as iPhone sales rebounded strongly in North America, western Europe and Japan. However, despite forecasting revenues to grow as much as 6 per cent in the current quarter, its outlook fell just short of Wall Street’s estimates amid continuing sales declines in China and foreign currency headwinds. […]
Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]
By Liana B. Baker and Jessica DiNapoli U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter. The move sent shares of Iconix up more than 5 percent. It comes three months after U.S. insurance company MetLife […]
31 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective 26 March 2017. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity increase underscores the […]
OSLO Oslo’s main trash incinerator has shown promising results in the world’s first experiment to capture greenhouse gases from the fumes of burning rubbish as a new way to slow climate change, officials said on Tuesday. If built at full scale, however, the technology would be a very costly way to limit carbon dioxide emissions as part of an international agreement to curb global warming reached by […]
ExxonMobil has become the second large oil company to report earnings well below analysts’ expectations, following Chevron on Friday. Exxon’s earnings per share were 41 cents for the fourth quarter of 2016, with net income of $1.68bn, 40 per cent lower than expected. The average of analysts’ forecasts was for earnings per share of 70 cents in the quarter. The lower than expected earnings came after a […]
|By Arabian Post Staff| FGB, one of the leading banks in the UAE and the largest by market capitalisation, achieved a record group net profit of AED 6.03 Billion for the full year 2016, compared to AED 6.01 billion in 2015. Full year 2016 earnings per share amounted to AED 1.32, compared to AED 1.31 in 2015. Commenting on the results, Abdulhamid Saeed, FGB’s Managing Director and […]
Dubai-based Majid Al Futtaim on Tuesday reported a 9 percent increase in group revenues to $8.14 billion (AED29.9bn) in 2016 compared to $7.43bn (AED27.3bn) in 2015. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 8 percent, reaching $1.11bn (AED4.1bn), driven by additional hypermarkets, supermarkets and family entertainment centres. Alain Bejjani, Majid Al Futtaim Holding CEO, said the company will continue on its growth trajectory in […]
