|By Matein Khalid| US and global equities surged on news of the US House of Representatives pass the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high yield debt markets, flattening of the US Treasury yield curve and losses in the major stock market indices worldwide. […]
|By Arabian Post Staff|The Saudi government is not in talks with Chinese or other investors to sell a stake in Aramco, CEO Amin Nasser clarified. Aramco was reported to be planning to list nearly five percent of its shares in the stock market, which may now be done through an IPO. Nasser dismissed reports that the oil giant’s plans could be shelved and confirmed that the offfering […]
|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 […]
|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 Saifur Rahman | Executive Editor|Emirates, the world’s largest carrier of international passengers, has raised US$47.43 billion (Dh174 billion) to finance its fleet over the last 10 years, its recently-released annual report for 2016-17 shows. “Having raised Dh174 billion (US$47.3 billion) over the last 10 years, Emirates continues to maintain a well-diversified and evenly spread financing portfolio. Tapping into various sources of funding, both in terms of […]
|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 […]
By Arshad Mohammed and Yeganeh Torbati | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday extended wide sanctions relief for Iran called for under a 2015 international nuclear deal even as he imposed narrow penalties on Iranian and Chinese figures for supporting Iran’s ballistic missile programme. The dual actions, announced by the Departments of State and Treasury, appeared intended to signal a tough stance on Iran even […]
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 […]
The president’s packed schedule is filled with opportunities for Mr. Trump to slip up, publicly or privately: back-to-back discussions with the leaders of other nations, many of whom are veteran negotiators well versed in issues they care deeply about. Continue reading the main story By contrast, it could also serve as a much-needed change of subject for a president besieged at home with an agenda frozen by […]
By Joel Schectman | WASHINGTON WASHINGTON A bill proposed in Congress on Wednesday would require the U.S. National Security Agency to inform representatives of other government agencies about security holes it finds in software like the one that allowed last week’s “ransomware” attacks. Under former President Barack Obama, the government created a similar inter-agency review, but it was not required by law and was administered by the […]
/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 […]
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 […]
GE Appliances announced a deal with Google Wednesday enabling the US tech giant’s voice control home hub to be used for cooking, cleaning and other functions. The deal enables GE’s “Geneva” to communicate with the Google Assistant, so users can say: “Ok Google, ask Geneva Home to set the oven timer for 10 minutes.” The announcement comes nearly a year after GE Appliances unveiled a similar […]
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 […]
BEIJING Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry “ransomware” attack that has infected more than 300,000 computers worldwide in recent days. The U.S. National Security Agency (NSA) should shoulder some blame for the attack, which targets vulnerabilities in Microsoft Corp (MSFT.O) systems and has infected some 30,000 Chinese organizations as of […]
Stocks markets suffered in Asia as oil prices gave up recent gains and Japan’s yen rallied following a lukewarm lead-in from Wall Street and more political tumult from Washington. Tokyo’s Topix index was down 0.6 per cent as equities suffered from a firmer yen and energy stocks fell 2 per cent on slipping oil prices. The Nikkei 225 was down 0.7 per cent as well, further diminishing […]
The first time China attempted to build a large passenger jet, it tried — and failed — to reverse-engineer a Boeing 707 that crash-landed in Xinjiang in 1971. The latest vehicle for China’s aviation dream, the Comac C919, has just completed its first test flight after Beijing decided to take a different path: buying parts from European and US aviation companies rather than stealing their technology. After […]
BEIJING China hopes that Sri Lanka can create a good legal, security and public opinion environment for its investment projects in the Indian Ocean country, Premier Li Keqiang told his visiting Sri Lankan counterpart Ranil Wickremesinghe. Chinese investment in Sri Lanka has been controversial. President Maithripala Sirisena is struggling to contain popular opposition to land acquisition for a huge Chinese industrial zone next to Hambantota port in […]
Doha May 16, 2017 Doha Bank hosted a knowledge sharing event on “Regulatory Changes and Opportunities” on 15th May 2017 at Four Seasons Hotel, Doha, Qatar. The Guest of the Honour in the evening was H.E. Mr. Nassir Abdul-Aziz Al-Nasser, UN High Representative for the Alliance of Civilizations. Mr. Ali Ibrahim Abdullah Al- Malki, Member of BOD of Doha Bank had also graced the occasion. The speakers […]
SINGAPORE — Although Singapore and China are different in size, they face common challenges in innovation and governance, noted Deputy Prime Minister Teo Chee Hean yesterday as he kicked off a high-level bilateral forum on leadership. Delivering the keynote address during the 6th China-Singapore Forum on Leadership, Mr Teo said the common obstacles faced by both countries included an ageing population, a slower-growing workforce, rising expectations of […]
Is palladium, for the first time in nearly 16 years, about to become more expensive than platinum? The price difference between the two raw materials fell to less than $100 an ounce this month as palladium flirted with its highest price since September 2014 but its cousin eyed its cheapest level in 15 months. Both sometimes can be sensitive to the kind of precious metal cachet afforded […]
Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company’s pending deal with Verizon Communications Inc. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba’s […]
