Citadel Securities, one of the largest traders on the US equity market, has agreed to pay $22.6m with US markets regulators to settle charges it misled customers over the prices they were getting for some of their deals. The Securities and Exchange Commission said on Friday that two of the algorithms Citadel used to execute orders on behalf of retail investors had not sought to obtain the […]
WASHINGTON The United States has not received a formal invitation to Syria peace talks being organised by Russia and Turkey to be held in the Kazakh capital of Astana on Jan. 23, the U.S. State Department said on Friday. “To my knowledge we have not received … a formal invitation to the talks,” State Department spokesman Mark Toner said at a daily briefing. (Reporting by Yeganeh Torbati; […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A Detroit cop who used Facebook to refer to city residents as “garbage” and came pretty close to bragging about police brutality has retired, the city’s police chief announced Thursday. And at the heart of it all is a single […]
Theresa May, the UK prime minister, bookended a volatile week for sterling, prompting a sharp rise in the cost of hedging against falls in the pound as she prepares to set out more information about her Brexit negotiating strategy. The pound rallied against the dollar on Friday, at one stage rising 0.6 per cent to regain the $1.22 mark. But traders are positioned for sterling to fall, […]
With the mainstream media crowing proudly of the record 14-day winning-streak in Britain’s FTSE 100 stock index (up 18 of the 19 days since The Fed hiked rates), we thought it worth a look at just what is going on in good ol’ blighty… Since the Brits voted for Brexit, the FTSE 100 is up an elite-embarrassing 15.5% and is on an unstoppable charge since The Fed […]
Chinese Premier Li Keqiang (R) meets with Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee, in Beijing, capital of China, Jan. 13, 2017. (Xinhua/Li Tao) BEIJING, Jan. 13 (Xinhua) — Senior Chinese leaders Li Keqiang, Zhang Dejiang and Wang Qishan met with General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong in Beijing on Friday, vowing to […]
13 January 2017 Manama, Bahrain: Batelco, Bahrain’s leading digital services provider officially launched EasyPay, the first of its kind mobile payment service, in partnership with Ithmaar Bank, a Bahrain-based Islamic retail bank, and Arab Financial Services (AFS), one of the region’s leading electronic payments outsourcing service providers, at Seef Mall, Manama, on Thursday 12th of January 2017. The new service was announced by the three leading organisations […]
Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]
The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover into selling among other asset classes, is heating up. Earlier this week, in his monthly annual letter Bill Gross wrote that 2.6% is the only level for the market that matters: “This is my only forecast for the 10-year in 2017. If 2.60% is broken on […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]
OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million barrels per day to 32.50 million bpd from […]
By Ingrid Melander | PARIS PARIS Every week, a small group of Marine Le Pen’s aides brainstorm on how to achieve what many say is impossible: change how most French people view her to get her elected president in May. The “Idea-Image” committee of Le Pen’s far-right National Front (FN) consists of about 10 party officials and supporters. It held its first meeting in October as the […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL Samsung Group leader Jay Y. Lee left the South Korean special prosecutor’s office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. Lee left the special prosecution office without answering reporters’ questions and headed to a waiting car. Prosecutors have been investigating […]
Friday 04:50 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on Wednesday. What to watch Shares in Nintendo were down 2 per cent after the company announced details about its new Switch video game console, including price and technical specifications. The device, a hybrid […]
As SHTFPlan.com’s Mac Slavo notes, we should take notice at the government preparations for disaster, and the possibility of a cataclysmic collision with damaging objects in space. At the same time, we should take notice at what they are preparing for with all the billions of dollars thrown at defense and survival, it comes in secretive infrastructure for a reclusive sect of power, and in top-down plans […]
By Yun Hwan Chae | SEOUL SEOUL Former U.N. Secretary-General Ban Ki-moon polled second in a survey of South Korean presidential favourites released on Friday, 11 percentage points behind former opposition leader Moon Jae-in, who led the Gallup Korea poll at 31 percent. South Korea has been gripped by a political crisis since lawmakers voted overwhelmingly in December to impeach President Park Geun-hye over an influence-peddling scandal. […]
With just 8 days left until President Trump’s inauguration ceremony in Washington D.C., a massive security force, including 7,500 Guardsmen and 3,000 police officers, is preparing for the worst as the event is expected to attract up to 750,000 protesters, some of whom have vowed to “paralyze the city.” Certainly if the protester presence at the Senate confirmation hearings over the past two days is any indicator […]
President-elect Donald Trump may be at war with the intelligence community, but on Thursday his pick to head the CIA tried to bridge the rift between the incoming president and his spies, saying he accepts the assessment that Russia meddled in the election to boost the Republican’s candidacy. “It’s pretty clear about what took place here, about Russian involvement in efforts to hack information and to have […]
Oil continued its see-saw start to the new year, registering its biggest advance in six weeks on Thursday after Opec’s biggest producer said that it had slashed output to the lowest level in almost two years. Brent, the global oil market, rose as much as $1.24 to $56.43 a barrel after Saudi Arabia’s energy minister Khalid al-Falih said that the kingdom had cut production to less than […]
Chatbots, collective intelligence and blockchain are some of the big technology trends that will change the way entrepreneurs run their businesses in 2017, says Klaus-Michael Vogelberg, chief technology officer at Sage. Vogelberg sees six major trends in 2017 that could make a big difference to the way business builders will work in 2017 and beyond. 1. Chatbots and autonomous interfaces Autonomous interfaces, such as chatbots or digital […]
By Phil Stewart and Patricia Zengerle | WASHINGTON WASHINGTON Donald Trump’s pick to lead the Pentagon put Russia at the top of a list of threats to U.S. interests on Thursday and told Congress that America must be ready to confront Moscow where necessary, even as he backed Trump’s bid for better relations. The remarks by retired Marine General James Mattis were the latest by one of […]
Samsung fans who have been hankering for the Android 7.0 Nougat software update to hits their Galaxy S7 or Galaxy S7 edge smartphones will be pleased to learn that the company is now rolling out the update. That’s right! Even though a leaked release schedule from Samsung hinted that the latest update for its 2016 flagship Galaxy S7 and Galaxy S7 edge smartphones would be released on […]
Vladimir Putin is trying to break the north Atlantic alliance and his policies represent one of the key threats to the global order that has prevailed since the second world war, James Mattis, the retired general nominated to be secretary of defence, has told a Senate committee. In testimony that struck a notably harder line on Russia than that of Donald Trump, Mr Mattis said the US […]
