By Chris at www.CapitalistExploits.at What in God’s name is happening? It’s not a high. It’s a record high. Sweet mother of Mary… As we can see from the above chart courtesy of the FT, emerging markets sold a record amount of government debt in the first quarter of this year. More from the FT here: “Data from Dealogic, a research firm, show that sovereign bond sales from emerging markets rose […]
By Steve Holland | WASHINGTON WASHINGTON The United States is close to completing a series of deals to sell Saudi Arabia more than $100 billion in American arms and related maintenance, a senior White House official said on Friday, as President Donald Trump prepares to visit Riyadh in a week. The official, who spoke to Reuters on condition of anonymity, said the arms package could end up […]
NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public in early March, in […]
Donald Trump capped a week of Watergate flashbacks in Washington on Friday, as he appeared to channel the ghost of Richard Nixon by threatening his recently sacked FBI director with the release of “tapes” of their private conversation. In a series of irate tweets, Mr Trump warned the former agency chief against leaking to the press amid conflicting accounts of events leading to the director’s sacking this […]
Britain’s National Health Service reported a cyber attack on a number of hospitals on May 12, 2017 A fast-moving wave of cyberattacks swept the globe Friday, apparently exploiting a flaw exposed in documents leaked from the US National Security Agency. The attacks came in the form of ransomware, a technique used by hackers that locks users’ files unless they pay the attackers a designated sum in the […]
Following what many have described as a threat from President Trump earlier this morning directed at former FBI Director James Comey, WikiLeaks has just blasted out the following tweet offering a $100,000 reward for the “Trump-Comey tapes.” Moreover, folks who want to up the reward are encouraged to send bit coins. “WikiLeaks offers US$100k for the Trump-Comey tapes. To increase thereward send Bitcoin to reward address: 1FfzC3KrbrJ3CRbz4hqHnxSqvYfy9M5CT” […]
DUBAI // Speedy service may mean more tips but safety experts are urging motorcycle delivery riders in the city to ride with caution, be patient and wear protective gear. Twenty-six people died in motorbike accidents in 2015 and 2016, according to Dubai’s Roads and Transport Authority. Last year, motorbike riders were involved in 824 traffic offences and 786 bikes were seized. “A rider is not going to […]
By David Alexander and Susan Heavey | WASHINGTON WASHINGTON President Donald Trump warned ousted FBI Director James Comey on Friday against talking to the media, suggesting there might be tapes of conversations between the two men that could contradict his account. “James Comey better hope that there are no ‘tapes’ of our conversations before he starts leaking to the press!” Trump said in a string of Twitter […]
By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]
Donald Trump appeared to threaten James Comey with the release of “tapes” of their private conversations as he lashed out at the man he fired as FBI director in a flurry of angry morning tweets. The US president warned the former agency chief against leaking to the press amid conflicting accounts of the events surrounding his explosive sacking this week. “James Comey better hope there are no […]
Earlier today, when looking at BofA’s internal credit and debit card data, we warned to expect a miss in retail sales: And, sure enough, the actual spending data once again did not disappoint when moments ago the Census reported April retail sales which, well, did disappoint across the board: Retail Sales up 0.4%, missing expectations of +0.6%, up from an upward revised 0.1% Retail sales up 4.5% […]
May 12, 2017 IMPHAL, India – Fifteen seconds into the opening match of the 10th Manipur International Polo Tournament, after a long and feverish drumming performance, after the Manipur state chief minister had been properly honored with gifts and praise, after mounted players had paraded around the Mapal Kangjeibung polo ground with country flags held high, the home team scored on the Australians. It was a bright […]
By William Schomberg and David Lawder | BARI, Italy BARI, Italy Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. President Donald Trump’s plans on important policies. Inequality, international tax rules, cyber security and blocking the funding of terrorism are the focus of the […]
We recommend viewing the full-size version of today’s infographic by clicking here. Everyone knows that the U.S. Federal Government has roughly $20 trillion of debt. A question we often get, however, is who exactly owns all these treasuries? And if it’s held abroad by countries like China, what portion do they hold? Today’s infographic comes from TitleMax, and it looks at who owns U.S. debt internationally, as well as the debt […]
By Ayesha Rascoe | WASHINGTON WASHINGTON The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. The deals are the first tangible results of trade talks that began last month after U.S. President Donald Trump and Chinese […]
Kuala Lumpur, 11 May 2017 The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]
While China growth has been slowing, and monetary conditions tightening, few (if any) have predicted any prolonged deflation (let alone a recession), yet overnight – for the first time ever – the $1.7 trillion Chinese bond market inverted, flashing a warning signal to the world that something is wrong. Early on Thursday, the five-year yield rose to 3.71%, breaking above the 10-year yield for the first time […]
The UAE hotel group Rotana opened its second property in Erbil, Iraq, this week. The Erbil Arjaan by Rotana is an alcohol-free property situated on the northern edge of the city. The Erbil Rotana, which opened six years ago, is on the western side of the city, and both are a 10-minute drive from the airport. The new hotel has 168 hotel apartments, two restaurants, extensive office […]
Pets at Home hit a record low on Thursday amid fears of a profit warning with its full-year results this month. Morgan Stanley slashed earnings forecasts for Pets at Home’s 2018 financial year to reflect margin pressure, continued weak sales and rising costs. So-called “category killer” specialist retailers need high gross margins to be economically viable because they suffer from low sales densities and slow stock turn, […]
MINSK Syrian President Bashar al-Assad, in an interview with Belarusian TV Channel ONT aired on Thursday, said he will not back down from fighting his enemies. He pledged to defend de-escalation zones, brokered by Russia, and crush, with the support of Iran and Hezbollah, those who will try to breach them. Assad also told the TV channel that the de-escalation zones give chance for insurgents to hand […]
With the narrative of how the Comey firing went down in constant flux (The White House and President Trump contradicting each other), WSJ reports that Deputy Attorney General Rod Rosenstein pressed White House counsel Don McGahn to correct what he felt was an inaccurate White House depiction of the events surrounding FBI Director James Comey’s firing, according to a person familiar with the conversation. If you’re confused […]
Verizon had a bidding war with AT&T over Straight Path Communications and it just sealed the deal, acquiring the company for more than $3 billion. More specifically, Verizon outbid AT&T and agreed to pay $184 per share in an all-stock transaction, amounting to $3.1 billion in total. The bidding war started when AT&T offered $95.63 per share, but Verizon raised and AT&T folded. Verizon Outbid AT&T “[T]he […]
11 May 2017 With an extensive Gulf and International participation, the Saudi Elenex and Saudi Aircon Exhibitions will kick off during the period between 14 to May 16, 2017 at the Riyadh International Convention and Exhibition Centre, Riyadh Exhibitions Co. Ltd, the organizing company, announced that it is looking on the twentieth edition to attract more than 5000 experts, which is held under the diamond sponsorship of […]
In this Wednesday, Sept. 14, 2016, file photo, a self-driving Uber car stops at a red light on Liberty Avenue through the Bloomfield neighborhood of Pittsburgh. In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robocars and is slowing their development. But experts say eventually the cars will coexist […]
