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By Lindsay Dunsmuir | WASHINGTON WASHINGTON The United States has strongly signalled it will continue to support Ukraine, Finance Minister Oleksandr Danylyuk said on Friday, adding that the war-torn country had a “good, pragmatic” relationship with Washington. Ukraine has previously expressed some nervousness about the possibility the Trump administration might try to cut a deal with Russia over Crimea and the eastern part of Ukraine that has […]

MOSCOW Russian state news organisation Rossiya Segodnya said on Friday it objected to a Reuters article it said had falsely claimed that Kremlin-backed media had tried to influence the 2016 U.S. election. A Reuters spokesperson said the news agency stood by the story which reported exclusively on April 19 that a Russian government think tank controlled by Vladimir Putin had developed a plan to swing the election […]

By David Morgan | WASHINGTON WASHINGTON President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills. “We’ll be having a big announcement on Wednesday having to do with tax reform. The process has begun long ago, but it really formally begins […]

While geopolitical concerns and French election uncertainty are factors, The Wall Street Journal notes that many markets are flashing red on growth as investors begin to return to pre-election bets on the ol ‘new normal’ – a persistently weak economic expansion. There are clear signs that the sugar rush of Donald Trump’s victory and global-growth hopes has faded, raising doubts among some investors about whether stocks can […]

Prominent Kuwaiti opposition leader Mussallam al-Barrak was released from prison Friday after serving a two-year sentence for insulting the emir in public. Barrak, 61, walked free from Kuwait’s central prison to a frenzied reception by relatives and supporters who broke through tight security fences and surrounded his vehicle. The former lawmaker, who served six consecutive terms from 1999 to 2012, openly critiqued the government upon his release.  […]

Within the US fixed income market, investors are sending a clear message about the prospect of higher interest rates. In recent weeks, investors have pushed back against a string of leveraged loan transactions, with a handful of deals pulled as money flows into the sector have shrunk. The stumbles underline a diminished appetite for richly valued, floating rate loans, seen as providing investors with some protection from […]

By Eyanir Chinea and Efrain Otero | CARACAS CARACAS Eight people were electrocuted to death during a looting incident in Caracas, a firefighter said on Friday, amid violent protests against Venezuelan President Nicolas Maduro by opponents accusing him of seeking to create a dictatorship. The accident occurred when a group of looters broke into a bakery in the working class neighborhood of El Valle, according the firefighter, […]

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The surge in British pound after Prime Minister Theresa May’s surprise election call has started to impact remittance from UAE’s high net worth individuals (HNWI) and corporates to the UK, a senior UAE Exchange official has said. The sterling hit $1.2876 against the dollar on Tuesday – its highest level since early October 2016. The currency remained steady at the same level on Wednesday. “Since the pound […]

Just when you thought it was over – after Trump ‘Tomahawks’ Putin’s pal Assad, and Tillerson trounces Lavrov – and the media had stopped the constant “Russia did it” narrative, the House Permanent Select Committee on Intelligence (which seems like as big an oxymoron as can occur) has called numerous current (and former) officials to testify once again on Russia’s “active measures during the 2016 election.” As […]

WASHINGTON The U.S. House of Representatives Intelligence Committee, which is investigating Russia’s involvement in the 2016 U.S. election, said on Friday it had invited the directors of the Federal Bureau of Investigation and National Security Agency to appear at a closed hearing on May 2. Apparently ending a dispute between Democrats and Republicans over who would testify as it investigates possible links between President Donald Trump’s campaign […]

Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]

As an ardent Brexiter, Simon Boyd did not support Theresa May to be prime minister. After all, she not only sat out the UK’s EU referendum contest last June but quietly voiced support for key arguments to remain in the bloc. But now Mr Boyd, the managing director of a specialty steelmaker in south-west England and regional head of a pro-Brexit business group, has the zeal of […]

CARACAS A man was killed in a protest in the Venezuelan capital on Thursday night, an official said on Friday, marking the ninth death in a wave of sometimes violent demonstrations against President Nicolas Maduro’s government. Melvin Guaitan died of a bullet wound in the slum of Petare, municipal mayor Carlos Ocariz said via Twitter. Local media reported looting and street clashes with security forces in poor […]

ANKARA Turks approved by a narrow margin an April 16 referendum to change the constitution and hand President Tayyip Erdogan sweeping powers. The opposition and overseas observers say the vote was riddled with irregularities, including the electoral board’s decision to accept ballots that had not been officially stamped by authorities at polling stations. The following is a timeline of events on the day of the vote. 6:01 […]

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 […]

PARIS French presidential frontrunner Emmanuel Macron on Friday said France should not yield to fear and candidates in the election should avoid one-upmanship after the killing of a police officer in an Islamic State-claimed attack claimed. “Don’t yield to fear, don’t yield to division and intimidation. Our generation must rise to this challenge,” he said in a statement broadcast from his campaign headquarters. Macron said he had […]

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 […]

PARIS France has fully mobilised its security forces, including elite units, to ensure citizens’ protection during the forthcoming presidential election following Thursday night’s shooting in central Paris, Prime Minister Bernard Cazeneuve said on Friday. Speaking after an emergency meeting of top security officials, Cazeneuve said all elite units were on top alert for the election to back up the 50,000 police already earmarked for special election duty. […]

By Kate Holton and William Schomberg | NEWTON FERRERS, England/LONDON NEWTON FERRERS, England/LONDON Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound. This turnaround in the 10 months since Britons decided to leave the European Union […]

France has launched an anti-terror investigation after a policeman was killed and two other officers injured in an apparent Islamist attack in Paris on Thursday that threatens to disrupt the country’s presidential election. French authorities said the suspected gunman had been shot dead in the assault on the Champs-Élysées shortly before 9pm local time. One civilian was also injured in the attack. “We are convinced that the […]

FRANKFURT German police arrested a man on Friday who is suspected of planting explosives targeting the bus of soccer team Borussia Dortmund last week, the office of the German federal chief prosecutor said. The 28-year old man, a dual German and Russian national identified as Sergei V., had bought options on Borussia Dortmund’s stock before the attack, hoping to make a profit, it said in a statement. […]

Booking a trip can feel like navigating through a maze, with hundreds of thousands of hotels, flight options and combinations to choose from. Which is where online travel agencies come into play. Filtering results as per your selection offers a convenient way to book flight deals and hotel stays that match your budget, date and time requests, as well as your personal preference when it comes to […]

WASHINGTON The United States said on Thursday it was troubled by the growing number of extrajudicial killings in Philippine President Rodrigo Duterte’s war on drugs and called on Manila to stick to its commitment to investigate them. Close to 9,000 people, mostly drug users and small-time dealers, have been killed since Duterte took office almost 10 months ago and promised an unrelenting campaign to rid the Philippines […]

PARIS French centrist Emmanuel Macron is set to come out on top in the first round of France’s presidential election on Sunday as far right leader Marine Le Pen fell further behind him in an Elabe poll published on Friday. However, neither is totally assured a spot in the May 7 runoff round as both conservative Francois Fillon and hard-left candidate Jean-Luc Melenchon were seen narrowing Macron […]

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