China’s domestic stock markets look set to be denied entry into international benchmarks for the fourth year in a row next year unless Chinese regulators remove “major obstacles” before June. Dimitris Melas, head of equity research at MSCI, provider of the benchmark MSCI Emerging Markets index, gave a downbeat assessment on Thursday of the prospects for China’s A-shares to be included in the index next year in […]
November 19, 2016 by: Jeevan Vasagar in Kuala Lumpur Malaysian authorities have intensified their crackdown on anti-corruption protesters, detaining the leader of a campaign group under antiterrorism legislation as thousands of demonstrators gathered on the streets of the capital demanding the resignation of prime minister. Protesters in yellow T-shirts flooded the streets of Kuala Lumpur on Saturday, waving Malaysian flags and caricatures of Najib Razak, who has […]
The pace of global debt sales this year is running at a record level, surpassing $6tn this week, as companies from Pfizer to MasterCard rush to lock in borrowing costs on fears that a Donald Trump stimulus package will send interest rates even higher. A flurry of new sales this week caps a tumultuous period for bond investors, who are counting more than $1.5tn of losses, as […]
Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to $6bn of its stock as its investors brace themselves for slower growth next year. In a regulatory filing, Facebook said that the board had approved the buyback on Friday. It will begin in the first quarter of 2017 but the scheme has no set expiration, leaving Facebook the flexibility to be opportunistic if […]
19 November 2016 • 46 Emirati enterprises from diverse sectors among beneficiaries• “Our goal is to boost SME productivity and sustainability,“ says Abdul Baset Al Janahi• Dubai Holding CEO: We are aligned with the government’s agenda to develop the SME sector, and committed to supporting Emirati entrepreneurs Dubai, 19 November 2016: Members of Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and […]
Greencore, Britain’s biggest sandwich maker, has been planning to “deepen its leadership of food-to-go”. As Lucy Kellaway has pointed out, sandwiches don’t need leadership (they need fillings) but this week Greencore deepened its leadership by paying $747m for Peacock, a US sarnie supplier. The deal went down like a fresh BLT and the shares rose at the sight of food-to-go leadership in action. Despite the grisly record […]
From Fortress Capital: Let’s face it – investing is difficult! Gone are the days of saving for retirement. The average savings account in the USA pays less than 1%. Fortunately for most investors the stock market has been going up and up, but it’s going to correct (it always does). But it hasn’t been a good ride for all investors. Many retirees now living off their retirements are […]
Abu Dhabi-UAE: November 18, 2016 Abu Dhabi Ports hosted the second edition of The Maritime Standard Ship Finance and Trade Conference in Abu Dhabi this week, which featured engaging discussions aiming to chart a course for the future of the shipping and maritime sectors. The event brought together high profile executives and industry professionals from local, regional and international markets including H.E. Dr. Abdullah Salem Al Katheeri, […]
BEIRUT: Doctors and nurses at a pediatric hospital in eastern Aleppo scrambled Friday to evacuate babies in incubators from underground shelters to safety after the facility in the besieged Syrian city was bombed for the second time this week. Medics and aid workers also reported a suspected attack involving toxic gas in a district on the western edge of the province. At least 12 people, including children, […]
Saudi Arabia’s energy minister thinks OPEC will reach a deal to cut oil output and said a production ceiling of 32.5 million barrels a day would speed the balancing of supply and demand. The group is near a consensus on capping production for at least six months, said his Algerian counterpart. “I am still optimistic that the agreement reached in Algiers to put a ceiling to production […]
The cast of artists, curators, architects and academics who assembled to speak at this year’s Abu Dhabi Art are doing so, primarily, with local or regional themes as their focus. Idris Khan, the British artist behind the UAE’s new national memorial, is speaking about his role in the project, and the Italian sculptor, Giuseppe Penone, is talking about his commission for the new Louvre Abu Dhabi, while […]
China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies. This puts the renminbi within a hair’s breadth of suffering a 10 per cent decline versus the dollar since the People’s Bank of China caught markets by surprise with its one-off devaluation in […]
Submitted by Eric Peters via EricPetersAutos.com, It is good that Hillary lost – obviously. But it may prove to be the worst thing that could have happened. Depending on what Trump does as president. If he governs as a Republican, it is time to pack bags. Because the clock is ticking. We will have – at best – four years before something far worse than Hillary returns, […]
Neel Kashkari picked a bad day to try to fix the financial system. As the president of the Federal Reserve Bank of Minneapolis unveiled a plan to safeguard the biggest banks on Wednesday morning, shares in the likes of JPMorgan Chase, Bank of America and Citigroup were coming off five days of frantic gains. Analysts, meanwhile, were still pumping out research notes, trying to guess what a […]
Already, many Israelis and Palestinians are buzzing about the prospect. Where would the embassy go? Would it straddle the line between West Jerusalem, which is predominantly Jewish, and East Jerusalem, which is predominantly Arab? Would it touch off street protests in Palestinian cities or a backlash among Arab allies like Egypt and Saudi Arabia? Continue reading the main story “Jerusalem is a symbolic, emotional and real issue,” […]
You can read a fuller analysis of the markets moves here. Donald Trump’s shock presidential election victory wrongfooted many investors and triggered a convulsion across financial markets — although not always in the way analysts expected. Here are some charts that show how markets have been upended by the unconventional Republican candidate’s triumph and expectations that he will unleash a big economic stimulus package of tax cuts […]
Klampfer Middle East and Brayan Group have formed a partnership enterprise to service the UAE’s mechanical, electrical and plumbing (MEP) sector. Klampfer-Brayan Electromechanical Contracting (KBEC) was conceptualised by Klampfer Middle East managing director, Günther Hinterberger, and Brayan Group CEO Praveen Sarapure. Hinterberger said: “As a European company with an international engineering portfolio, Klampfer is moving toward increasing and diversifying our Middle East market share beginning with the United Arab Emirates. Our […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
When Iran conducted a mass hanging in August of Sunni prisoners accused of attacks in its restive western Kurdish region, the executions were widely criticized as an egregious human rights violation. But death-penalty opponents also were appalled at what came next. Videos that showed apparently coerced confessions of the prisoners — interwoven with ominous-sounding music and clips of unrelated assaults by militants of the Islamic State — […]
You know Tony Robbins. He’s the world’s most famous performance and motivational coach. He’s advised everyone from Bill Clinton to Serena Williams, from Leonardo DiCaprio to Oprah Winfrey (who calls him “superhuman”). He was called in to advise Bill Clinton during his impeachment and counts billionaires such as Virgin’s Richard Branson and casino magnate Steve Wynn among friends. He first broke onto the self-improvement scene 30 years […]
|By Ramesh Mahalingam| As someone who has worked in businesses across the ownership spectrum, I am tempted to pose this question to all aspiring CFOs: All other factors being equal, what is the fundamental difference in the approach to the financial reporting function as between a publicly listed company and a privately-owned business? The answer lies not in the IFRS standards, which by and large, do not […]
For much of the last decade the derivatives industry has been caught in the gravitational pull of the Dodd-Frank act, the sweeping piece of legislation meant to contain the risk of another financial crisis. Six years after its passage, US president-elect Donald Trump wants to dismantle the law. The industry, however is not racing to join him. At this week’s Global Financial Leadership Conference, a gathering of derivatives traders, […]
Abu Dhabi Education Council’s (ADEC’s) sixth Abu Dhabi Science Festival (ADSF) is officially underway after it was opened today by Sheikh Nahyan Bin Zayed Al Nahyan, Chairman of Abu Dhabi Sports Council, accompanied by Saeed Eid Alghafli, Chairman of the Executive Office and a member of the Executive Council, Dr. Ahmed Mubarak Al Mazrouei Secretary-General of the Executive Council, Rt. Hon. Donald Wilson, Lord Lieutenant and […]
Airbnb revealed a revamped version of its app at the company’s annual conference for hosts in Los Angeles that expands the services offered beyond only booking rooms. The Airbnb app, in addition to a “Homes” section that contains its popular room rental service, will now also be featuring sections named “Experiences” and “Places.” What Is Airbnb Experiences? Airbnb’s Experiences section contains the “Trips” program, which will allow customers […]
