This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
By Howard Schneider | WASHINGTON WASHINGTON The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end […]
By Laila Bassam and Tom Perry | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT Syrian rebels have received a U.S.-backed proposal to leave Aleppo along with civilians under safe passage guaranteed by Russia, rebel officials said as government forces closed in on Sunday, but Moscow denied a deal had been reached. If the proposal were to be taken up by all sides, it would end four years of fighting in […]
By Engen Tham and Adam Jourdan | SHANGHAI SHANGHAI Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad. Interviews with Ma, a single-child, his mother and grandmother, show how rapidly […]
Swiss pharmaceutical manufacturer Lonza Group AG (LONN.S) is in advanced talks to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, for more than $5 billion, according to people familiar with the matter. The deal would come as Lonza seeks to boost its life sciences capabilities and produce a wider range of molecules used in active pharmaceutical ingredients and drug delivery. It held […]
By Laila Bassam and Suleiman Al-Khalidi | ALEPPO, Syria/AMMAN ALEPPO, Syria/AMMAN The Syrian army and its allies made new gains in Aleppo on Sunday, forcing rebels back into an ever shrinking pocket crammed with civilians, but lost control of the desert city of Palmyra to a swift Islamic State attack. Final victory in Aleppo, Syria’s biggest city before the civil war, would constitute the biggest triumph yet […]
MILAN Italy’s biggest bank by assets UniCredit (CRDI.MI) has reached a deal to sell its asset manager Pioneer to France’s Amundi for more than 4 billion euros ($4.2 billion), a source with knowledge of the matter said on Sunday. The deal, which the source said involves a special dividend of about 500 million euros to be paid to UniCredit, is one of various disposals being pursued by […]
By Tife Owolabi | UYO, Nigeria UYO, Nigeria At least 100 people were killed by the collapse of a church in southeastern Nigeria, a resident and photojournalist who visited a morgue said on Sunday, but officials put the death toll at just 27. “At Uyo teaching hospital where I am now I could see over a hundred corpses, many are heaped on top off each other on […]
Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]
ADEN: Forty-eight Yemeni soldiers were killed in a suicide bombing claimed by the Daesh group in the southern port city of Aden, officials said Sunday in an updated casualty toll.“We have 48 dead and 29 wounded,” all soldiers, Abdel Nasser Al-Wali, health department chief for Aden, told AFP, revising an earlier toll of 35 dead.The bomber detonated his explosives belt as hundreds of troops had gathered to […]
By Edward McAllister | BANJUL BANJUL Gambia’s President Yahya Jammeh, who initially accepted his defeat in a Dec. 1 election before making a dramatic about-face, will challenge the poll result before the Supreme Court, the ruling party said in a statement. His loss to opposition candidate Adama Barrow, announced by the elections commission last week and followed by his rapid concession, had sparked hope for change in […]
Photo A nun surveyed the scene after a deadly bombing at St. Mark’s Cathedral in Cairo on Sunday. Credit Amr Abdallah Dalsh/Reuters CAIRO — A bomb ripped through a section reserved for women at Cairo’s main Coptic cathedral during Sunday morning Mass, killing at least 25 people and wounding 49, mostly women and children, Egyptian state media said. The attack was the deadliest against Egypt’s Christian minority […]
ABU DHABI // Cultural development is an integral part of progress in any society, Sheikh Nahyan bin Mubarak, Minister of Culture and Knowledge Development, told a conference in the capital. Sheikh Nahyan said on Sunday that culture was a pre-requisite for achieving successful and sustainable economic growth. “We strive to preserve our heritage, values and principles as well as all aspects of culture in the UAE and […]
Paolo Gentiloni, Italy’s foreign minister, has been chosen to replace Matteo Renzi as prime minister amid signs of a quick solution to the political crisis that has convulsed the eurozone’s third-largest economy during the past week. After three days of consultations with parliamentary leaders of all stripes, Sergio Mattarella, Italy’s president, on Sunday summoned Mr Gentiloni to the presidential palace in central Rome and asked him to […]
11 December 2016 Riyadh – Under the patronage of the governor of small and medium enterprises authority, King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and accelerators, is hosting the fifth ArabNet Riyadh – the largest and most influential digital conference in the Kingdom – on December 12-14, 2016 to be held at the Four Seasons Hotel. […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]
By Angus McDowall | BEIRUT BEIRUT When President Bashar al-Assad turns from the wreckage of Aleppo to assert his authority across a fractured Syria, it will be as a figure who is virtually unassailable by rebels, but still faces great challenges in restoring the power of his state. The expected fall of Aleppo would mean rebels have almost no chance of ousting Assad, but their revolt has […]
Dubai Investments, part owned by sovereign wealth fund Investment Corp of Dubai, plans to close a 1.1 billion dirham ($299.52 million) loan by Dec. 31, its chief executive said on Saturday. United Arab Emirates banks First Gulf Bank (FGB) and Abu Dhabi Commercial Bank have been mandated for the loan, Khalid Bin Kalban told reporters in Dubai. The loan will be used to build a residential project […]
Editor’s note: A version of this story originally appeared on Medium In March, I started a new role as project manager of elections overseeing a first-time collaboration with four public media organizations: KPCC in Los Angeles, KQED in San Francisco, Capital Public Radio in Sacramento and KPBS in San Diego. We called it California Counts; collectively, we set out to boost civic engagement while reporting on election […]
MOGADISHU A suicide car bomb went off at the entrance of Somalia’s biggest port in its capital Mogadishu on Sunday, killing at least three people, police said. “So far, three civilians have died and seven others were injured,” Major Abdikadi Ahmed, a police officer investigating the attack, told Reuters. “The death toll may rise. There were porters and public vehicles queuing outside the gate when the blast […]
By Ayman al-Warfalli | BENGHAZI BENGHAZI Just 10 people left a besieged neighbourhood in the east Libyan city of Benghazi on Saturday after forces surrounding the area said they would grant safe passage to trapped civilians, security and Red Crescent officials said. The eastern-based Libyan National Army (LNA) has been besieging the district of Ganfouda for months as it tries to take full control of Benghazi following […]
Donald Trump has picked Andrew Liveris, the chief executive of Dow Chemical, to lead his advisory council on manufacturing, giving him a connection to the new administration at a time when he is trying to secure approvals for a complex $130bn merger with DuPont. Mr Liveris previously served in a similar advisory role for President Barack Obama. At a rally in an arena in Michigan on Friday […]
newslide Taylor Swift and Zayn Malik debut new duet on film soundtrack American pop star Taylor Swift and former One Direction member Zayn Malik released a surprise duet on Friday, December 9 after joining forces for the upcoming Fifty Shades Darker movie soundtrack. I Don’t Wanna Live Forever will feature in the sequel to the Fifty Shades of Grey film, based on the hugely successful trilogy by […]
