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By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]

Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing assets by about 17 percent. The injection will help the fund diversify investments and revenues, it said. The […]

Submitted by Federico Pieraccini via Strategic-Culture.org, Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years. While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault […]

THOMSON REUTERS PRODUCTS Solutions for Corporations Eikon FX Trading World-Check One Enhanced Due Diligence Compliance Learning Org ID ONESOURCE Indirect Tax ONESOURCE Transfer Pricing ONESOURCE Global Trade Management […]

Thursday 06:00 GMT Overview Markets across Asia saw a day of solid gains as oil continued to trade higher following Opec’s decision to cut output for the first time since the financial crisis and as Japanese stocks benefited from recent weakness in the yen. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will add 2 points to 6,785 and Germany’s […]

Fitbit is in advanced talks to acquire Pebble, the smartwatch pioneer and darling of crowdfunding site Kickstarter, according to several people close to the negotiations. The deal, which is in its closing stages but has not been completed, would bring intellectual property and new expertise in wearable devices to Fitbit at a time when the fitness-tracker maker is looking to expand its product range. Pebble has raised […]

30 November 2016 As Saudi Arabia looks to diversify its economy to retain global competitiveness, the 5th Annual Human Asset Management conference 2017 will bring together global HR leaders to address issues pertaining to local talent management and development. Earlier this year, Saudi Arabia approved its National Transformation Program and Saudi Vision 2030, making great headway in enhancing the Kingdom’s global competitiveness. Over the past four decades, […]

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By Jonathan Stempel and Nate Raymond | NEW YORK NEW YORK Billionaire Steven A. Cohen’s former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers. The preliminary class-action settlement with SAC, now known as Point72 Asset Management LP, was filed […]

By Devika Krishna Kumar and Jessica Resnick-Ault | NEW YORK NEW YORK Oil’s blistering rally of up to 10 percent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world’s top producers announced a historic deal to rein in output. The Organization of the Petroleum Exporting Countries reached its first deal to cut oil output since 2008 – […]

Steven Mnuchin made his fortune by swooping in to buy IndyMac, one of the biggest casualties of the mortgage crisis, then selling it for more than twice what he paid five years later. But to Kevin Stein, deputy director of the California Reinvestment Coalition, a housing advocacy group, it sticks in the craw to see him nominated by Donald Trump to serve as the 77th US Treasury […]

Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]

By Sarah Marsh and Diego Oré | HAVANA HAVANA Draped in the red, white and blue national flag, Fidel Castro’s ashes began a marathon procession across Cuba on Wednesday to his final resting place in the east of the island, where the first shots in the Cuban Revolution were fired. Castro, who ruled Cuba for half a century until 2008 and built a Communist state on the […]

Oil prices soared 8 per cent to $50 a barrel on Wednesday as Opec agreed to its first supply cut since prices started to plummet two years ago. The meeting is continuing as individual country allocations are hammered out, but sources said the main obstacles to the deal had been overcome. It will see the 13-member group reduce output by about 4.5 per cent, or 1.2m a […]

Oil prices soared 8.6 per cent to above $50 a barrel on Wednesday after two of Opec’s most powerful members said they were hopeful of reaching the first deal to cut supplies since prices started to plummet two years ago. Khalid al-Falih, Saudi Arabia’s energy minister, said the cartel, which controls about a third of the world’s oil production, was moving “close” to a deal, as he […]

Photo Prince Alwaleed bin Talal in Riyadh, Saudi Arabia, in 2015. In a four-page letter posted on his personal website, the prince argued that “it is high time that Saudi women started driving their cars.” Credit Fayez Nureldine/Agence France-Presse — Getty Images A prominent Saudi prince and business magnate has added his voice to the debate over women’s rights in his country, urging it to abandon its […]

Ulster Bank Parent RBS Fails Bank of England Stress Test “Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system. The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including […]

Qatar said it would provide $1.25 billion in aid to shore up Tunisia’s post-revolution economy as regional and Western partners pledged extensive financial backing at an investment conference on Tuesday. The money from Qatar, announced by the emir, Sheikh Tamim bin Hamad al-Thani, is the biggest single offer of aid to Tunisia since a 2011 uprising ushered in a democratic transition but also years of economic uncertainty […]

Pakistan’s small, tight-knit, Somali community was in shock this week after hearing of the violent rampage of one of its former members in the U.S. Abdul Razak Ali Artan, who was shot and killed Monday after allegedly attacking fellow students in Ohio, lived for several years in Islamabad with his family, until he moved to the U.S. in 2014. According to police, he jumped a curb in […]

By Samihullah Paiwand | GARDEZ, Afghanistan GARDEZ, Afghanistan Afghanistan’s worsening security has forced about 1,000 schools to close this year, more than double last year’s total, adding to problems that children face in getting an education, officials said. Education officials fear next year could be even worse if Taliban insurgents seize more territory. “Our students are the first victims of the war,” said Mujib Mehrdad, education ministry […]

5791 25 by Shannon K. O’Neil October 21, 2016 Brazil’s President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma pose for a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim, in the western state of Goa, India, October 16, 2016 (Reuters/Danish Siddiqui). BRICS Fund InfrastructureAs commodity prices have […]

The Australian Attorney-General’s Department (AGD) has advised that it expects the lifetime capital costs for telcos to comply with data retention obligations to hit the AU$198.5 million mark by the end of the 2016-17 financial year, the Australian Communications and Media Authority (ACMA) said in its Communications report 2015-16 [PDF] tabled in Parliament on Wednesday. (Image: ACMA) The estimate is based on costs submitted to AGD by […]

Muscat, November 30, 2016 As part of its on-going support of Small and Medium Enterprises (SME) and in line with the Government’s initiatives to boost the SME sector within the country, Bank Sohar recently participated and sponsored as a bronze sponsor in the fourth edition of the Ebda‘at Omaniya SME Expo; marking its second consecutive year of support for the event. As part of its participation, the […]

Your daily guide to community and cultural activities across the Emirates for November 30, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi & Dubai Cooking class Sign up to take part in the Jones the Grocer culinary masterclasses in December and learn to create a festive dish from one of the head chefs. The […]

Commercial Bank of Qatar will cut its exposure to the property market and lend more to the public sector as it set out a turnaround plan under its new chief executive aimed at stemming a dismal earnings run as more loans soured. The Gulf Arab state’s third-largest lender by assets, like other banks in the region, has seen bad loans rise steeply due to the fallout of […]

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