Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]
BEIJING China said it will not change its position on opposing the awarding of the Nobel Peace Prize to people it considers criminals, even though Beijing and Norway had now normalised ties frozen since 2010 when a prominent Chinese dissident won. Liu Xiaobo, 59, was jailed by a Chinese court for 11 years in 2009 on subversion charges for organising a petition urging an end to one-party […]
Why does Apple want to open stores in India? Its sales in China, previously a huge market for growth, are slowing and it doesn’t want to miss out on India’s rapidly-expanding smartphone market. Opening its own stores in India, which is set to become the world’s second biggest market for the devices by next year, could help boost brand awareness and sales. (via WSJ)
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
The United States said on Tuesday it had received an underwater drone “unlawfully seized” by a Chinese vessel last week and called on China to refrain from further efforts to impede its lawful activities in the South China Sea. China had earlier announced it had returned the drone after “friendly” talks between the two countries. The USS Mustin received the vehicle for the United States in international […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS United Nations Secretary-General Ban Ki-moon said on Monday he feared genocide was about to start in South Sudan unless immediate action is taken, renewing his plea for the Security Council to impose an arms embargo on the world’s newest country. “If we fail to act, South Sudan will be on a trajectory towards mass atrocities,” Ban told the 15-member […]
Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]
SHANGHAI/BEIJING Heavy smog engulfed large parts of northern China for a fourth straight day on Tuesday, with the environment ministry warning that some firms in the region were continuing to flout emergency restrictions and dozens of flights out of Beijing cancelled. Some power plants and chemical producers in the region had not scaled back operations in line with regulations, and drivers in Beijing had also been flouting […]
Jim Cramer looked a little worried this evening, during his Maddening Money programme. All throughout the elections, the establishment elite, globalist shills, underestimated Trump’s desires to make America great again. With today’s electoral college win and Trump’s persistent lack of subservience to China, the shills on Wall Street are starting to wonder if it’s really happening. It really is this time, happening that is. In the brief […]
SYDNEY Investigators searching for missing Malaysia Airlines flight MH370 have recommended extending the search by an additional 25,000 sq km (9,650 sq miles), the Australian Transport Safety Bureau (ATSB) said on Tuesday. The current 120,000 sq km (46,330 sq miles) search area in the Indian Ocean is due to be exhausted by January, with no sign of the missing jet. Flight MH370 disappeared in March 2014 with […]
WASHINGTON A 38-year-old Chinese man pleaded guilty on Monday to charges that he stole numerous sensitive military program documents from United Technologies Corp (UTX.N) and transported them to China, the U.S. Justice Department said. Yu Long pleaded guilty to one count of conspiracy to engage in the theft of trade secrets to benefit a foreign government and one count of unlawful export and attempted export of defence […]
(Image: file photo) Cloud storage giant Box won’t say how many times it has turned over customer data to the government. The company’s policy stands out from the cloud storage crowd, including Google, Amazon, Microsoft, and Dropbox, which along with other every internet and phone company in the Fortune 500 provide a biannual transparency report detailing the number of government requests and secret orders they receive. A […]
ABU DHABI // Pakistan’s ambassador to the UAE said he aims to help deepen bilateral defence and economic ties, particularly through the major new trade route traversing Pakistan to China, the Asian power that is set to become the GCC’s largest trade partner. “We really want to make this relationship more diversified, and deepen and expand it,” said Moazzam Ahmad Khan, who began his tenure as Islamabad’s […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS African states narrowly failed on Monday for a second time to halt the work of the first U.N. independent investigator appointed to help protect gay and transgender people worldwide from violence and discrimination. The attempt was voted down in the U.N. General Assembly 84 to 77 with 16 abstentions, a month after African states made a similar unsuccessful move […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS The United Nations Security Council on Monday unanimously called for U.N. officials and others to observe the evacuation of people from the last rebel-held enclave in Aleppo and monitor the safety of civilians who remain in the Syrian city. The 15-member council overcame long-held divisions – that have pitted Syrian ally Russia and China against western powers over the […]
The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention. While the calendar gets quieter in the weeks ahead over the holiday season, there are a few notable macro events to keep traders occupied. This week, the Bank of Japan and Riksbank deliver their latest policy verdicts, […]
About nine months before George W. Bush became president I, along with about 70 others, were asked to join an independent tech advisory board to help Bush, then governor of Texas, understand the role of tech in the new decade and help craft a tech policy should he become president. Our first meeting took place in Austin, and from that came various subcommittees to research […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
Bank also aims to raise interest in Emirati youth to pursue banking and financial careers Dubai, 19 December, 2016 Emirates NBD, a leading bank in the region, has launched a brand new edutainment mobile simulation game, ‘Banki’ in its efforts to promote financial literacy in the UAE. Through its highly engaging and informational interface, Banki will target the nation’s youth to become economically aware at a young […]
BEIJING Concentrations of airborne pollutants in a major northern Chinese city exceeded a World Health Organisation (WHO) guideline by 100 times on Monday as north China battled with poor air quality for the third straight day. In Shijiazhuang, capital of northern Hebei province, levels of PM 2.5, fine particulate matter, soared to 1,000 micrograms per cubic meter, state-run Xinhua News Agency reported on Monday. That compares with […]
TOKYO Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates and a strong dollar stemming from the incoming Trump Administration’s purported policies of cutting taxes and spending heavily threatened to suck capital out of emerging markets. European shares are seen having better luck, following recent gains in shares of banks, resource companies and some automakers. Spread-betters see a rise of […]
Soaring price growth in China’s top cities has slowed almost to a standstill, as government measures to cool the overheated property market take hold. Price growth of newly built homes in China’s “first tier” cities of Beijing, Shenzhen, Shanghai and Guangzhou slowed to 0.1 per cent in November compared with the previous month, the National Statistics Bureau said on Monday — well below month-on-month growth of 3-4 […]
BEIJING China’s foreign ministry said on Monday it believes the U.S. drone issue will be appropriately handled, after the country’s defence ministry said it would return an underwater U.S. drone seized by a naval vessel last week in the South China Sea. Foreign ministry spokeswoman Hua Chunying made the comments at a daily news briefing in Beijing. (Reporting by Ben Blanchard; Editing by Jacqueline Wong) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); […]
