Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]
By Andrew Callus | PARIS PARIS France’s centre-right rallied behind free market reformist Francois Fillon as its candidate for president on Monday after a snap opinion poll showed him clear favourite to beat far-right leader Marine Le Pen in an election showdown next year. Fillon, a former prime minister who vowed to change France’s “software” with an assault on public sector spending, moved one step closer to […]
Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]
By Ju-min Park | SEOUL SEOUL South Korean President Park Geun-hye cannot be questioned by Tuesday as prosecutors have requested, her lawyer said, as she resists growing calls to resign over an influence scandal that has engulfed her administration. Park is under intense pressure to step down over the crisis involving a close friend accused of meddling in state affairs, with the main opposition party seeking to […]
Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]
TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on U.S. interest rates to rise. That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald […]
By Roberta Rampton and Dustin Volz | PALM BEACH, Fla./WASHINGTON PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump said in a tweet on Sunday that he won the popular vote in the Nov. 8 election “if you deduct the millions of people who voted illegally”, though he provided no evidence of widespread voter fraud. The allegation by Trump, who won the required votes in the Electoral College to […]
U.S. President-elect Donald Trump on Monday said his administration will scrutinize what he called “abuses” of visas amid speculation that he intends to restrict the flow of skilled workers into his country. In a two-minute video posted on YouTube, Mr. Trump for the first time since the Nov. 8 election articulated to the public what he plans to do during his first 100 days in office. “On […]
By Elias Biryabarema | KAMPALA KAMPALA The Ugandan authorities said on Sunday 41 tribal insurgents and 14 police officers were killed in clashes in the west of the country, and the tribal king of the area near the border with the Democratic Republic of Congo was detained. The police, who announced the death toll on Twitter, said the clashes took place in the Rwenzori region, where there […]
Donald Trump has attacked Hillary Clinton’s campaign team for backing an election recount effort based on suspicions that foreign hackers rigged the vote in key states, even as the US President-elect made the unsupported claim that “millions” of Americans cast ballots illegally. Reacting to a weekend decision by the Clinton campaign to participate in a recount in Wisconsin, one of three swing states targeted for new counts by […]
A selection of films from around the world are to be showcased next week at the 13th annual Dubai International Film Festival (DIFF), its organisers have announced. Held at the Madinat Theatre at Dubai’s Souk Madinat Jumeirah, the festival runs from December 7-14 and includes numerous cinema screenings and red carpet gala events. On December 8, festival goers will experience the world premiere of ‘Befikre’, a Hindi […]
By Jacob Gronholt-Pedersen | COPENHAGEN COPENHAGEN Denmark’s Prime Minister Lars Lokke Rasmussen said on Sunday he had agreed to form a new government with the Liberal Alliance and the Conservative Party, reducing the risk of snap elections. The deal, announced on Twitter, allows Rasmussen to cling to power after threats by political allies in recent months to overthrow his minority government due to conflicting demands on tax […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]
JOHANNESBURG The new head of South Africa’s anti-graft unit, which this month alleged influence-peddling in President Jacob Zuma’s cabinet, has laid a complaint against her predecessor for leaking a recorded interview with the president, newspaper Sunday Times reported on Sunday. Former watchdog Thuli Madonsela has said she had the right to make public the audio recording after Zuma accused her of not giving him an opportunity to […]
Today we learn of yet another campus full of disaffected Hillary snowflakes who were triggered by a post-it note suggesting that they should stop whining about the election and just “suck it up, pussies.” This latest example comes to us from Edgewood College in the ultra-liberal bastion of Madison, Wisconsin via Campus Reform. Apparently the simple post-it note was determined to be a “hate crime” by the […]
November 27, 2016 by: Anne-Sylvaine Chassany in Paris French voters were heading to the polls on Sunday in a primary run-off contest predicted to give François Fillon the centre-right nomination and a good chance of becoming president of France next year. Mr Fillon, the former prime minister who unexpectedly surged to pole position with 44 per cent of the votes in a first round last Sunday, is […]
Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
By Simon Gardner and Ana Isabel Martinez | HAVANA HAVANA From the Bay of Pigs invasion to a historic visit by President Barack Obama to Havana, Cubans have known for generations that whenever the United States turns its face to Cuba, Fidel Castro would be staring right back. But the death of “El Comandante” has added to worries among Cubans that U.S. President-Elect Donald Trump will slam […]
By Ian Simpson and Roberta Rampton | WASHINGTON/WEST PAlM BEACH, Fla. WASHINGTON/WEST PAlM BEACH, Fla. Democrat Hillary Clinton’s campaign will take part in a recount of Wisconsin votes in the U.S. presidential race, an effort Republican winner Donald Trump called “ridiculous” on Saturday. Wisconsin’s election board on Friday approved the recount requested by Green Party candidate Jill Stein. She has said she wants to guarantee the integrity […]
WEST PALM BEACH, Fla. U.S. President-elect Donald Trump on Saturday called a request for a recount of votes in Wisconsin a “scam” by the Green Party and said even his Democratic challenger Hillary Clinton had said the election results should be accepted. “This is a scam by the Green Party for an election that has already been conceded, and the results of this election should be respected instead […]
Nov 24, 2016 10:02 am IST President-elect Donald Trump has chosen the first women for posts in his administration, picking South Carolina Gov. Nikki Haley to serve as the U.S. ambassador to the United Nations and school-choice advocate Betsy DeVos as his secretary of education, his transition team said Wednesday. Ms. Haley long held reservations about Mr. Trump’s candidacy during the GOP primary, and endorsed both Sens. […]
Your daily guide to community and cultural activities across the Emirates for November 27, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition See No White Walls, featuring works created by professional artists in the UAE who have collaborated on an initiative to develop the art scene in Abu Dhabi by staging exhibitions […]
KUALA LUMPUR Malaysian Prime Minister Najib Razak said on Sunday that he will “not necessarily” call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters […]
Amid the ongoing circus that is this year’s presidential election, it may be easy to forget all the other races on the ballot. Voters will be picking 12 governors, several thousand legislators and scores of other state officeholders on Nov. 8. They will also decide policies on marijuana, minimum wage, gun control, tobacco, drug prices and other key issues in 162 statewide ballot measures. The Center for […]
