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Good morning. Program changes are same old The swashbuckling Murdochs now look as milquetoast as old media rivals whom they upended and disdain. With the belated firing of Bill O’Reilly, the monarchical lords of 21st Century Fox turned 1990s with their initial programming decisions. Yes, you can easily make dumb decisions when you’re king of any media hill and a financial juggernaut. But the initial post-O’Reilly programming […]

Friday 08:30 BST What you need to know ● European and Asian stock markets firm after Wall Street rally● Euro holds above $1.07 in cautious trading ahead of French election● Bund yields up 1bp to 0.25 per cent despite political tensions● Global steelmakers shrug off Trump tariff threat● Oil prices gain but gold pulls back——————- Hot topic Investor attention is turning to eurozone assets ahead of Sunday’s […]

WASHINGTON The United States is aware of a higher-than-usual level of activity by Chinese bomber planes, signalling a possible heightened state of readiness, U.S. officials told Reuters on Thursday, but downplayed concerns and left open a range of possible reasons. None of the officials, who spoke on condition of anonymity, suggested alarm or signalled that they knew the precise reason for such Chinese activity. Those possibilities include […]

The London market broke a four-day losing streak as the week’s spate of sterling-induced selling eased and consumer stocks from Burberry to Unilever put in robust performances. The marginal gains for the FTSE 100 were not enough to reverse Wednesday’s fall into losses for the year for the benchmark. But UBS maintaining that Burberry was its “preferred turnround name in luxury” and top pick in that European […]

The US has set the stage for a global showdown over steel, launching a national security investigation that could lead to sweeping tariffs on steel imports in what would be the first significant act of economic protectionism by President Donald Trump.  The decision to use a 1962 law allowing the US government to limit imports that threaten its security readiness is intended to deliver on Mr Trump’s […]

By Jake Spring | SHANGHAI SHANGHAI When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi. Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand – which was meant to sound like its […]

Thursday 08:00 BST What you need to know ● European bourses soft despite positive Asia session and as US futures steady● Energy shares under pressure as oil struggles to recover from sell-off ● Dollar soft as sterling and euro shrug off election concerns● Sovereign bond yields hold near recent lows ● Gold prices add 0.1 per cent to $1,281 an ounce——————- Hot topic Oil prices are steadier […]

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BEIJING China has issued stricter regulations requiring officials to report personal information, including assets, to the ruling Communist Party, state media said, in the country’s latest effort to tackle corruption. China’s President Xi Jinping sees extravagance and corruption as an existential threat to the party, whose authority is in part predicated on its ability to spread the gains of China’s growth fairly among the Chinese people. His […]

A former Indonesian education minister yesterday won the race for Jakarta governor yesterday after a polarising campaign that cast a shadow over Indonesia’s reputation for practising a tolerant form of Islam.Anies Baswedan won with 58% of the votes versus 42% for Basuki Tjahaja Purnama, known by his Chinese nickname as “Ahok”, based on 100% of the votes in an unofficial “quick count” by Indikator Politik.Other pollsters showed […]

By Norihiko Shirouzu | SHANGHAI SHANGHAI The automotive industry’s seemingly inexorable drive towards electric cars – and especially Chinese polices pushing new energy vehicles – has forced Toyota Motor Corp (7203.T), the world’s No.2 automaker by sales, into what one executive calls an “agonizing” strategy U-turn. Until recently, Toyota was one of the industry’s major hold-outs against full electrification, and planned to more or less skip all-electric […]

|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]

North Korea has fired a missile into the Sea of Japan, with the latest provocative gesture from Pyongyang coming just days before US President Donald Trump meets his Chinese counterpart Xi Jinping. The Pentagon said North Korea had fired the missile at 6.42am local time on Wednesday and that it had landed in the sea nine minutes later. It said the rocket, believed to be a medium-range […]

By Ju-min Park and Jack Kim | SEOUL SEOUL North Korea fired a ballistic missile on Wednesday from its east coast into the sea off the Peninsula, South Korea’s military said, ahead of a summit between U.S. and Chinese leaders who are set to discuss Pyongyang’s arms programme. The launch was from Sinpo, a port city on the North’s east coast, and the missile flew about 60 […]

By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]

The Washington Post is out with a few more leaks today, this time purporting that Trump is set to impose two liberal wet dreams on the people, VAT and carbon taxes. Washpo said the administration is trying to find ways to raise revenues, in order to provide the people with the tax cuts they promised. Moreover, they painted this in a light that Trump and his team […]

MANILA China and Southeast Asian countries have made progress in talks on a code of conduct for the disputed South China Sea, the Philippine acting foreign minister said on Tuesday. China claims almost the entire waterway, through which about $5 trillion in sea-borne goods pass every year. Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims. “We have made good progress on coming up with a […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, stands for a photograph with Camel Race Association staff during a Sea Palace barza. Seen with Dr Arif Nayed Ambassador of Libya to the UAE (back 4th R), Sheikh Tahnoon bin Mohammed, Ruler’s Representative of the Eastern Region of Abu Dhabi, and Sheikh Sultan bin Hamdan (R). Ryan Carter / […]

By Greg Torode and Michael Martina | HONG KONG/BEIJING HONG KONG/BEIJING China is steadfastly opposed to the deployment of advanced U.S. anti-missile radars in South Korea because it does not know whether the defences, intended for North Korean missiles, are capable of tracking and countering Beijing’s own nuclear programme, experts say. Beijing’s resistance to the THAAD (Terminal High Altitude Area Defence) anti-missile system put up south of […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS U.S. Secretary of State Rex Tillerson will chair a United Nations Security Council meeting on North Korea on April 28 to discuss how the body can combat Pyongyang’s banned nuclear and missile programs, U.S. Ambassador Nikki Haley said on Monday. North Korea has been under U.N. sanctions aimed at impeding the development of its nuclear and missile programs since […]

The annual Cesco Week gathering for the global copper industry starts Monday in Santiago. For the first time in five years, attendees arriving in the Chilean capital can reflect on a copper price that is higher than at the previous year’s event. However, optimism that 2017 represents a turning point in the market should be tempered by the realisation that any sustained recovery in the copper price […]

By Yashaswini Swamynathan U.S. stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping. Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade […]

SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]

TOKYO Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early trade while Japan’s Nikkei .N225 rose 0.1 percent. Ex-Japan Asia MSCI had gained 12.3 percent in the last […]

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