When Charles Li was asked last week about the recent wild gyrations of some stocks in Hong Kong, the head of the Hong Kong Exchange compared the market to a city that is reasonably well-run but has “a few dark alleys and little corners”. “We all need to relax,” he added. “This is a great market. You don’t want the regulator to solve all your problems.” Investors […]
In this Friday, March 24, 2017, photo, new Samsung Galaxy S8, left, and Galaxy S8 Plus mobile phones are displayed in New York. The Galaxy S8 features a larger display than its predecessor, the Galaxy S7, and sports a voice assistant intended to rival Siri and Google Assistant. (AP Photo/Richard Drew) Samsung seems to be playing it safe with its first major smartphone since the embarrassing recall […]
Bank supports initiative by enabling the installation of Qindeel’s book collection kiosks at branches 29 March 2017 Dubai – Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has partnered with Qindeel Printing, Publishing, and Distribution, a subsidiary of the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), to promote literacy inclusion worldwide. The partnership follows the announcement of March as the dedicated month […]
So much flip-flopping from Dennis Gartman in just the past week, it is enough to make one’s head spin. After missing Friday’s move lower, on Monday morning Gartman said he was actively looking to “re-establish net short positions” when S&P futures were sharply lower to which we said “at the rate the S&P is covering its opening losses, he should be able “find a point” where the […]
Bloomberg suffered its second-ever drop in the number of ubiquitous terminals dotting global trading desks as it fell victim to cost cutting by the finance industry. The number of Bloomberg’s distinctive black terminals, used daily by bankers, traders and money managers, fell by 3,145 last year to just under 324,500, down nearly 1 per cent from 2015, according to a report on Tuesday from Burton-Taylor International, one […]
The House of Representatives voted 215-205 to overturn the Federal Communications Commission rule, following last week’s 50-48 vote in the Senate US lawmakers voted Tuesday to roll back rules that would block internet service providers from selling user data to third parties, following a heated debate over privacy protections. The House of Representatives voted 215-205 to overturn the Federal Communications Commission rule, following last week’s 50-48 vote […]
By Guy Faulconbridge and Elizabeth Piper | LONDON LONDON Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting […]
After nine months’ gestation, the Brexit process has started. Both sides of the referendum have political points; Brexiters can say the UK economy is growing and there has been no market implosion, while Remainers can say UK assets have drastically underperformed the rest of the world, and the costs of the historic sterling devaluation are yet to be counted. Now, it is time to work out what […]
If you’re a Cuban focused on visiting the United States for tourism of business purposes, it’s probably going to be a case of “close but no cigar”. As Statista’s Nial McCarthy notes, even though relations between Washington and Havanna have improved hugely over the past few months, Cuba still has the highest rate of U.S. visa refusal of any country worldwide. According to U.S. State Department data, 81.9 percent of […]
This originally ran in our weekly newsletter Local Edition. You can join the conversation here. A few months ago, my son, Max, got me thinking about adaptation. “Everything is different!” the 9-year-old blustered from the back seat after his Kindle finished updating. “I can’t find anything now!” “That stinks,” I told him. But it’s also good practice, I said, for a skill that younger people figure out […]
Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds which focus on the Middle East region. Areski Iberrakene, who will […]
TOKYO Toshiba Corp’s (6502.T) troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan’s government said on Wednesday, as the conglomerate seeks to limit losses that have plunged it into crisis. Yoshihide Suga, the government’s chief spokesman, told a regular news briefing he was aware that Pittsburgh-based Westinghouse plans a bankruptcy filing. Sources with knowledge of the situation have said that the […]
Spring offers ideal sightseeing weather, with destinations ranging from Japan and Rome to Cuba and Australia. David Whitley rounds up where to go this Spring. newslide April 2017 Japan The spring months are when Japan turns pink, with the famous cherry blossom trees bursting into life across the country. April is the peak of cherry blossom season and hits that sweet spot where temperatures are comfortable for […]
WASHINGTON President Donald Trump’s call for $1.5 billion this year to help build a wall along the border with Mexico could be in jeopardy as fellow Republicans in Congress weigh delaying a decision on the request. Republican Senator Roy Blunt, a member of his party’s leadership, told reporters on Tuesday that money for the wall likely would not be coupled with a spending bill that must pass […]
SYDNEY Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about U.S. President Donald Trump’s failed healthcare bill and focused on an improving outlook for global growth. The cheerful mood did not extend to the pound which was on the skids as the British government sent a letter to Brussels formally starting the country’s exit from the European Union. […]
Authored by Lauren McCauley via TheAntiMedia.org, Privacy advocates on Monday are urging Americans to call their elected officials, warning that there are only 24 hours left to “save online privacy rules” before the U.S. House of Representatives votes on a measure that would allow major telecom companies to collect user data and auction it off to the “highest bidder.” Wasting no time, the House is expected to […]
The Senate Standing Committee of Privileges has found that the Australian Federal Police (AFP) raids on the offices of former Labor Senator Stephen Conroy in a bid to recover leaked confidential National Broadband Network (NBN) documents constituted “improper interference” on the functions of Parliament. “The committee considers that an improper interference has occurred on this occasion,” committee chair Jacinta Collins told Parliament on Tuesday. While the Senate […]
Overseas companies that invest in the UK issued a flurry of warnings on Tuesday about the threat Brexit poses to their businesses, signalling their growing concern as the UK prepares to start the formal process of leaving the EU. Forty European business lobbies, representing 20m companies in 34 countries, issued a statement calling for a post-Brexit settlement which would preserve the integrity of the single market, deliver […]
By Valerie Volcovici and Jeff Mason | WASHINGTON WASHINGTON President Donald Trump on Tuesday signed an order to undo Obama-era regulations to curb climate change, keeping a campaign promise to support the coal industry while calling into question U.S. support for an international deal to fight global warming. Flanked by coal miners, Trump enacted his “Energy Independence” executive order at the Environmental Protection Agency. A coalition of […]
WASHINGTON — The F.B.I. on Tuesday arrested two Iraqi refugees living in Northern Virginia after they failed to disclose that one of their brothers had been involved in the 2004 kidnapping of an American contractor in Iraq. The refugees, Yousif Al Mashhandani, 35, of Vienna, Va., and Adil Hasan, 38, of Burke, Va., admitted to the F.B.I. that they did not tell the authorities about their brother […]
After the biggest downturn in a generation, there are reasons to think the worst of the commodities slump might be over. The Financial Times’s Commodities Global Summit began on Tuesday in Lausanne, Switzerland. Here are the main talking points from the first day. There was no shortage of talk on Opec, which in November agreed its first reduction in supply in almost a decade. Executives from some of the world’s […]
Photo A man carried the bodies of people killed in fighting between Iraq security forces and the Islamic State in Mosul last week. Credit Felipe Dana/Associated Press WASHINGTON — The senior United States commander in Iraq said Tuesday that an American airstrike likely triggered the collapse of a building in Mosul that killed more than 100 civilians this month, but indicated that an investigation would also examine […]
Telstra has announced that it will be launching a new suite of managed security services and two new cybersecurity centres in Melbourne and Sydney. According to Neil Campbell, Telstra’s director of Security Solutions, the offerings will be ready for customers by July 19, with the aim to make the cybersecurity challenge easier for organisations to deal with. “We’re taking this opportunity to rethink and reinvent really our […]
The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve’s monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate. Under the bill, the Fed’s monetary policy deliberations could be subjectto outside review by the Government Accountability Office. While similar bills have garnered some […]
