|By Matein Khalid| Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus J.P. Morgan did not mince his words. He called Bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the seventeenth century and declared he would fire any trader at his bank trading in the cryptocurrency “in a second” for “stupidity”. This has only reinforced the […]
|By F R Chowdhury| Myanmar (previously known as Burma) is a vast country of 676,550 sq. km. or 261,217 sq. miles on the north-east coast of Bay of Bengal. Basically it is between Bangladesh and Thailand though it has also long common border with India and China. Its population is only about 49 million. Majority are Buddhists. Next large population is ethnic Bengali Muslims and a small percentage […]
|By Matein Khalid| Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor to cheers and the Dow Jones Index rise 150 points when news broke that Trump had fired his alt-right, white nationalist chief strategist […]
Acquisition Positions JumpStart for International Growth & Expansion of its Mobile Game Offerings for Consumers and Educational Institutions Worldwide TORRANCE, CALIF. (July 6, 2017) – NetDragon Websoft Holdings Limited (“NetDragon”; Hong Kong Stock Code: 777), a global leader in building internet communities, announced that it has acquired JumpStart, the leader in learning-based games for kids. A major player in the global online and mobile learning space, NetDragon […]
|By Arabian Post Staff| Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish China as the world’s largest 5G market by 2025, according to a new study by GSMA Intelligence and the China Academy of Information and Communications Technology (CAICT). The new study ‘5G in China: Outlook and Regional Comparisons’, which was published today at GSMA Mobile World Congress Shanghai, […]
|By Matein Khalid| The financial markets finally cottoned on the increasingly sordid political realities created by the Trump White House. Trump could well be impeached for obstruction of justice if he tried to pressure FBI Director James Comey to drop an investigation on disgraced General Michael Flynn’s contacts with Russian intelligence before the election. The appointment of a special prosecutor to investigate the scandal means Washington is […]
Interested in precious metals investing or storage? Contact us HERE Posted with permission and written by John Rubino CLICK HERE FOR ORIGINAL) By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend. The fact that the onslaught is just beginning — as the military-grade hacking tools developed by […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Shabab Al Ahli Dubai Club committee, on Wednesday meet with Mattar Al Tayer, Vice Chairman of Dubai Sports Council, along with members of the club merger committee. Wam Mohammed Al Bowardi, Minister of State for Defence Affairs, in China on Wednesday discussed with General […]
Fears over the scale of crisis that Donald Trump’s presidency faces hung over markets on Thursday, with European stocks weaker and those in the US expected to open lower following their worst one-day drop since September. The Stoxx Europe 600, the region’s benchmark, was down 0.8 per cent in mid-session trade while futures suggest the S&P 500 will slip by 3 points to 2.354 when Wall Street […]
Thursday 10:45 BST What you need to know ● Europe and Asia bourses soft after Wall Street sell-off● Futures signal more losses for Wall Street● Dollar finds its footing but pound jumps above $1.30● Yen, gold and Treasuries firm as traders again seek havens ● Brent crude slips back towards $52 a barrel——————- Hot topic US equity futures are weaker while haven assets are again in demand, […]
18 May 2017 Colombo: To further boost its sourcing operations and to bring in high quality products for its large chain of hypermarkets, Middle East based retail giant LULU group today inaugurated it world-class sourcing, food processing & export unit in Sri Lanka. Y.A.S. Lanka was inaugurated by Sagala Ratanayaka, Chief of Staff to the PM & Minister for Law & Order and Southern Development in the […]
Young Indonesians, frustrated by the country’s lack of progress (or even perceived regression in development) often invoke a refrain along the lines of, “While other countries are focusing on things like getting people to Mars, we are fighting over (religion / blasphemy / corruption etc).” It seems President Joko Widodo feels similarly. Yesterday, while speaking with the editorial heads of several major Indonesian media outlets, Jokowi mentioned that […]
MUMBAI Apple Inc has begun assembling its low-priced iPhone SE at its contract manufacturer’s plant in the technology hub of Bengaluru in southern India, the company said in a statement. Cupertino, California-based Apple, is keen to boost its market share in one of the world’s fastest growing mobile phone markets as sales lag in Asian powerhouse China. “We are beginning initial production of a small number of […]
SEOUL U.S. President Donald Trump told South Korea’s presidential envoy that Washington was willing to try to resolve the North Korean nuclear crisis through engagement, but under the right conditions, South Korea’s foreign ministry said on Thursday. Trump has said “a major, major conflict” with North Korea is possible and all options are on the table but that he wanted to resolve the crisis diplomatically, possibly through […]
China has agreed to increase its import quota for Cambodian rice to 300,000 tonnes by next year, Prime Minister Hun Sen announced yesterday following his return from Beijing where he attended the Belt and Road initiative summit. In a post to his official facebook page, Hun Sen detailed a conversation he had with Chinese president Xi Jinping, who said China would increase its imports of Cambodian rice […]
This time, the day’s big Trump-Russia-Comey news waited until around 6:00 to break. Former FBI director Robert Mueller has been selected by the US Justice Department to serve as special counsel to oversee the investigation into alleged Russian interference in the 2016 US presidential election. Rod Rosenstein, the US deputy attorney general, said on Wednesday that he had determined it was in the “public interest” to appoint […]
Photo Supporters of President Hassan Rouhani, who is running for re-election, at a campaign rally in Isfahan, Iran, on Sunday. Credit Vahid Salemi/Associated Press WASHINGTON — The Trump administration signaled on Wednesday that it would not, for now, jettison the Iran nuclear deal, despite the president’s harsh criticisms of the agreement during the campaign. But while acknowledging that the deal would remain in place, the administration imposed […]
Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (APEC) meeting in Hanoi, Vietnam, where newly appointed US Trade Representative Robert Lighthizer is also due to give more detail of Washington’s trade plans. Uncertainty over those plans after Trump abandoned a trade deal he had compared to the “rape” of America has brought fears of protectionism and strengthened China’s […]
/Foreign Policy/What better way to learn about China’s grand geopolitical ambitions than a bizarre awkward music video? That’s what China’s state-run Xinhua news agency thought when they decided to jazz up a summit in Beijing with what appears to be an attempt at pop music. This week, China hosted a massive international conference to showcase its “One Belt One Road” initiative, Beijing’s $1 trillion infrastructure investment project […]
To say the legal battle between Apple and Qualcomm has been tense would be an understatement. The two companies have been after each other since January of this year, and it looks like the two are not showing signs of backing off or reaching a settlement. Qualcomm Fires Back On Wednesday, May 17 Qualcomm filed lawsuits against four Taiwan-based companies with ties to Apple. The companies in […]
WASHINGTON The United States on Wednesday sanctioned two Iranian defense officials, an Iranian company and members of a China-based network for supporting Iran’s ballistic missile program, the U.S. Treasury said in a statement. The targeted sanctions come on the same day the Trump administration said it would continue to waive other, broader sanctions on Iran, a move that was required to keep implementing the 2015 nuclear deal […]
A selfie-app company learned the value of index membership on Wednesday, when shares in Meitu Inc dropped 9 per cent after MSCI said the Hong Kong listed stock would not, as previously announced, enter its China index in June. MSCI had included Meitu in a list of planned index changes published Monday evening, and the sudden reversal highlights the power of index providers to direct money and […]
JAKARTA Four Indonesian soldiers were killed and 8 wounded on Wednesday after they were hit by artillery fire during a rapid response training exercise in the Natuna islands north of Borneo in the South China Sea, a military spokesman said. “The army leadership has conveyed its deepest condolences after the death of four excellent soldiers in an accidental incident in Natuna,” said spokesman Denny Tuejeh. The Indonesian […]
Over the years, although the government has remained broadly authoritarian, it has oscillated among degrees of democracy. Those fluctuations, while subtle, have often coincided with elections like Friday’s. Photo Ayatollah Khomeini, the leader of the Iranian revolution, returning to Tehran in 1979 after his exile in France. Credit Gabriel Duval/Agence France-Presse — Getty Images Islamic Republic: Yes or No? After throwing off their government in 1979, Iranians […]
