It was a weekend that included an intimate golf outing of more than four hours; a lavish Saturday night dinner; and an unexpected joint statement on North Korea’s missile launch. Yet even more notable was what the two-day summit between Donald Trump and Japan’s Shinzo Abe did not include — controversy. Three weeks into his presidency, Mr Trump appears to be adopting a more traditional US foreign […]
Video footage of a young cyclist who was run over by a bus sparked soul searching in India as local media declared that bystanders had failed to help him, choosing to film the scene instead. The 23-year-old man, Anwar Ali, was hit by a bus while cycling in Koppal in the southern state of Karnataka on Wednesday and died in hospital three hours later, police said. As […]
As Comcast last year conducted secret talks about a potential acquisition of DreamWorks Animation, five Chinese investors — including an elderly couple in Beijing — acquired an enormous stake in the storytelling studio. Over a three-week period ending on April 25, those five accounts purchased more than 2.1m DreamWorks shares, amounting to nearly 17 per cent of all trading in the stock, according to the Securities and […]
By Ju-min Park and Matt Spetalnick | SEOUL/WASHINGTON SEOUL/WASHINGTON North Korea fired a ballistic missile into the sea early on Sunday, the first such test since U.S. President Donald Trump was elected, and his administration indicated that Washington would have a calibrated response to avoid escalating tensions. The test was likely to have been of an intermediate-range Musudan-class missile that landed in the Sea of Japan, according […]
BEIJING Six officials in central China’s Hubei province have been punished for dozing off in a meeting on how to motivate lazy bureaucrats, state media and the local government said. Pictures of the sleeping officials have received widespread coverage in Chinese media over the past two days, amid President Xi Jinping’s sweeping crackdown on corruption, extravagance and dereliction of duty. The Communist Party discipline bureau in Hubei’s […]
In a centrally planned economy decisions on what to produce, how to produce and for whom are taken primarily by the government. The term is usually associated with communist economies. However, since US President Franklin D. Roosevelt implemented a robust range of government policies in the 1930s to counter the effects of the Great Depression, using principles that would be popularized by UK economist John Maynard Keynes, […]
Friday 21:00 GMT Overview US stocks and industrial commodities were riding high and the dollar forged ahead at the end of a week in which an outbreak of worries over forthcoming European elections was replaced by renewed bullishness about the policies of Donald Trump, US president. The more confident mood was also driven by optimism about corporate earnings and evidence of strong trade growth in China. Hot […]
BEIJING Sri Lanka aims to finalise a free trade agreement with China this year and the country’s prime minister will visit Beijing in May, the Sri Lankan ambassador said on Saturday, amid rising concern in the South Asian nation about Chinese investment. Hundreds of Sri Lankans clashed with police at the opening last month of a Chinese-invested industrial zone in the south, saying they would not be […]
SYDNEY Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group’s billionaire founder Jack Ma, who spent time in Australia as a young man, said he hoped the e-commerce giant would help Australian and New Zealand businesses “share their […]
Your daily guide to community and cultural activities across the Emirates for February 4, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Cultural exhibition In the latest iteration of the ongoing Emirati memory project, Lest We Forget, […]
Vincent Viola, the billionaire high-frequency trader, has withdrawn his candidacy to join Donald Trump’s administration on Friday, becoming the first high-level casualty of what has been a chaotic start to the new presidency. The end of Mr Viola’s bid to become Mr Trump’s secretary of the Army came as he faced questions about whether he could extricate himself from his business dealings sufficiently to meet government ethics […]
The US on Friday imposed new sanctions on Iran as President Donald Trump followed up on his campaign pledge to take a tougher stance towards the Islamic republic. The Treasury department added 13 individuals and 12 companies — including Chinese, Lebanese and Emirati — to its sanctions list, freezing their assets under US control. Sean Spicer, White House spokesman, said the sanctions were a “very, very strong […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
SHANGHAI/BEIJING Listed firms controlled by Tomorrow Holdings, the company run by missing Chinese-born businessman Xiao Jianhua, slumped on Friday, despite the parent group saying its businesses were all operating normally. Mystery swirled around billionaire Xiao’s whereabouts earlier this week, with some reports saying he had been abducted from Hong Kong and taken to mainland China. A statement purportedly from Xiao posted in a Hong Kong newspaper said […]
Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]
SHANGHAI China’s top diplomat said the country’s ‘Silk Road’ push would help boost international cooperation at a time when the risk of “isolationism” is growing. The ‘One Belt, One Road’ scheme, promoting infrastructure projects along historical land and sea trade routes, is helping “align China’s development with that of other countries”, State Councillor Yang Jiechi said in a commentary on Friday in the official China Daily newspaper. […]
KABUL On a snowy mountaintop to the west of Kabul, a group of Afghan girls practice the flowing movements of Wushu, a sport developed from ancient Chinese kung fu martial arts, stretching and bending and slashing the air with bright swords. In a country where women’s sport is severely restricted, the Shaolin Wushu club in a part of Kabul that is home to the capital’s Hazara ethnic […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
Visa Inc (V.N), the world’s largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network. The company, whose shares were up 3.4 percent in extended trading on Thursday, also affirmed its full-year profit and revenue forecasts. “The battle between strong business fundamentals and unfavorable exchange rate shifts will drive our results as we look ahead to the rest of […]
Snap is trying to raise $3bn in an initial public offering that could be the largest US tech IPO in years, according to documents that provide the first glimpse inside the owner of the messaging app Snapchat. Evan Spiegel, 26-year-old co-founder and chief executive, will own a stake worth up to $5.5bn, if the company succeeds in its aim of going public with a valuation of up […]
Nickel rose on Thursday, outpacing other industrial metals, as speculators rushed to close bearish bets after the Philippines pressed ahead with an environmental crackdown on domestic producers. Nickel for delivery in three months on the London Metal Exchange rose as much as $250 to $10,500 tonne after Manila ordered the permanent closure of mines that produce about 8 per cent of the world’s nickel supply. The metal […]
By Shihar Aneez | HAMBANTOTA, Sri Lanka HAMBANTOTA, Sri Lanka China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of Beijing’s ambitions to create a modern-day “Silk Road” across Asia. The agreement was welcome relief for the island nation of 20 million people. As they try to reduce […]
China’s stock market regulator has accelerated approvals for initial public offerings in recent months but market watchers say that long-awaited deregulation of the process is still years away. IPO fundraising in Shanghai and Shenzhen has totalled Rmb87bn ($13bn) since November, the biggest three-month total since the second quarter of 2015, when China’s stock market bubble reached its height. The surge of new offerings reflects the relative stability of China’s […]
According to the Chinese zodiac Google became a public company in the year of the Monkey, in August 2004. In Western culture we are familiar with the story of the three monkeys who very wisely: see no evil, hear no evil, and speak no evil. In some Asian cultures there is a fourth monkey: Do no evil. “Do no evil” is often misquoted as Google’s famous motto, […]
