Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
BORACAY, Philippines Foreign Ministers of the Association of South East Asian Nations are worried about “recent developments” in the South China Sea and urged restraint and dialogue to prevent any escalation, the Philippine foreign secretary said on Tuesday. “A number of ministers expressed concern over recent developments and escalation of activities in the area which may further raise tensions and erode trust and confidence,” Foreign Secretary Perfecto […]
Success for banks selling large blocks of stock in the European market this year points to a supportive environment for new listings in the months ahead, bankers say. There have been 70 such accelerated offerings so far this year according to Dealogic, worth €11.3bn, more than double the €5.5bn sold in the same period a year ago when anxiety about the state of China’s economy prompted much […]
State-run Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed an agreement giving China National Petroleum Corporation (CNPC) an eight percent stake in a 40-year onshore oil concession. “CNPC contributed a sign up bonus of 6.5 billion dirhams ($1.8 billion) to enter the concession,” ADNOC said in a statement. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). […]
Australian Prime Minister Malcolm Turnbull has reiterated that parts of the Trans-Pacific Partnership (TPP) trade deal are still worth salvaging despite the United States’ withdrawal last month, with Australia to continue pushing for a revised deal during a meeting in March with the remaining TPP members in Chile. “While Australia is disappointed by the decision of the United States to withdraw from the Trans-Pacific Partnership, we are […]
By Gopal Sharma | KATHMANDU KATHMANDU Nepal will hold its first local elections in 20 years in May, a minister said on Monday, an important milestone in its long and difficult transition to democracy that the government hopes will culminate in a general election. The Himalayan nation has been unable to complete the journey to a republic because some regional groups rejected a constitution approved by bigger […]
Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. With some $6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment […]
By Ben Blanchard and Philip Wen | BEIJING BEIJING With the suspension of all North Korean coal imports, China has wielded a big stick against its reclusive neighbour, but there is no sign it will cut off all critical links and Beijing is still promoting talks to solve the dispute over Pyongyang’s programme to develop nuclear weapons. China has been getting increasingly fed up with what it […]
Lenín Boltaire Moreno is in the lead after Sunday’s nail-biting presidential election in Ecuador. The anointed candidate of leftwing President Rafael Correa was close to the margin needed to avoid a second round against Guillermo Lasso, a conservative former banker, in a test for Latin America’s battered left. After a campaign that underlined the divisive legacy of Mr Correa, the US-trained economist who has been in power […]
Chinese technology giant Huawei has opened a narrowband Internet of Things (NB-IoT) lab in Australia to provide research and development opportunities around applications, smart devices, and sensor networks. The lab is situated within James Cook University in Cairns, Queensland, with Huawei kitting it out with IoT technology and giving the university funding for research. Its positioning within northern Australia will see it focus on smart applications for […]
By Rozanna Latiff | KUALA LUMPUR KUALA LUMPUR Footage from airport cameras purportedly showing the assault on the half-brother of the North Korean leader emerged on Monday as a row between Malaysia and North Korea escalated over the handling of the investigation into the killing of Kim Jong Nam. Malaysia recalled its envoy from Pyongyang and summoned North Korea’s ambassador in Kuala Lumpur, who again cast doubt […]
By Lesley Wroughton and Yeganeh Torbati | WASHINGTON WASHINGTON One of Rex Tillerson’s first directives as U.S. secretary of state was an order to senior staff that his briefing materials not exceed two pages. It was a reflection of Tillerson’s management style honed at the helm of Exxon Mobil, an oil company known for its relentless focus on efficiency, and one reason his closest aides at the […]
SYDNEY Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar dithered in a tight range ahead of a busy week for Federal Reserve events. Turnover was light with U.S. markets closed for the Presidents Day holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.1 percent and back toward a 19-month peak reached last […]
Monday 04:30 GMT Overview Stock markets across Asia were mostly higher though currencies struggled to make much headway in a subdued session. Hot topic The US market is closed on Monday for the President’s Day public holiday. On Friday the S&P 500 climbed 0.2 per cent to a record high, capping a week in which the FTSE All World index topped its previous record peak from May […]
Last week, as delegations from the new US administration, Russia, China and the EU gathered at the Munich Security Conference to discuss the strategic challenges facing the international community, a very different international assembly was taking place at the Abu Dhabi headquarters of the UAE’s Ministry of Culture and Knowledge Development. As ministers in Germany prepared to debate matters diplomats define as “hard power” – military and […]
|By Arabian Post Staff| Abu Dhabi National Oil Co. awarded China National Petroleum Company (CNPC) an 8 percent stake in its onshore venture in return for a $1.8 billion signing bonus, Adnoc said Sunday in a statement. State-run CNPC is the venture’s third Asian partner, joining Japanese and South Korean companies alongside BP and Total SA. Asia will show the fastest growth in energy demand over the next […]
SINGAPORE — It is important at this juncture for the United States and China to articulate their overarching foreign policy objectives towards Asia, Defence Minister Ng Eng Hen said yesterday. During a panel discussion at the 53rd Munich Security Conference in Germany, Dr Ng said the US’ ability as a military power to continue its presence and influence in the Pacific was “not in doubt”. “But this […]
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]
The two projects, the first to open since Mr. Trump became president, are among the dozen international business deals from his former life still moving forward — from India to Indonesia, Uruguay to the Dominican Republic. None of them are “new deals,” as defined by the family, as they were already well underway before the election. Continue reading the main story A Web of Complications Mr. Sajwani […]
BEIJING China understands South Korea’s need to protect its security but Seoul still needs to respect Beijing’s concerns about the deployment of an advanced U.S. anti-missile system, Chinese Foreign Minister Wang Yi told his South Korean counterpart. China has repeatedly expressed opposition to South Korea’s planned deployment later this year of the U.S. Terminal High Altitude Area Defence (THAAD) system, which Seoul and Washington say is needed […]
BANGKOK A United States aircraft carrier strike group has begun patrols in the South China Sea amid growing tension with China over control of the disputed waterway and concerns it could become a flashpoint under the new U.S. administration. China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty in the South China Sea. The U.S. navy said the force, including Nimitz-class aircraft carrier USS Carl […]
China has banned coal imports from North Korea until the end of 2017, the Ministry of Commerce said on Saturday, after a week in which Pyongyang tested an intermediate-range ballistic missile and carried out an assassination in Malaysia. Kim Jong Nam the brother of North Korean ruler Kim Jong Un, was killed by two female assailants in the Kuala Lumpur airport on Monday. He had been living […]
Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
By Michelle Price / ReutersHONG KONG — Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory’s government has been rattled by last year’s Panama Papers scandal, which showed that Hong Kong […]
