The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of […]
Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]
At the Bundesbank’s Frankfurt offices, its dealers sit in front of rows of Bloomberg and Reuters terminals and search for €10bn-worth of their government’s bonds to buy each month. As prices for the debt hit record highs earlier this year, they struggled to find bonds cheap enough to meet their target, set as part of the European Central Bank’s quantitative easing programme. Now, as investors anticipate higher […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
Impala Asset Management, the $2.2bn hedge fund run by George Soros’s former chief investment officer, is benefiting from bets that an overhaul of America’s infrastructure and sustained demand from China will buoy appetite for commodities. Robert Bishop, who founded Impala in 2004, said they decided infrastructure would be a win whoever won the US election, but doubly so in the case of Donald Trump, a real estate […]
Eurozone corporate bond risk premiums have jumped to their highest level since July, as Donald Trump’s victory in the US election effectively erases gains generated by the European Central Bank’s policy of buying companies’ debt. A sharp rise in global bond yields since Mr Trump’s triumph has also spurred an underperformance of European credit relative to the US corporate debt market. Higher corporate credit spreads in euros, […]
As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]
A record run of declines; its worst performance since last year’s surprise devaluation and eight-year lows plumbed on a near-daily basis. Whichever way you cut it, China’s currency is having a testing month. However, unlike the infamous devaluation ruckus in August 2015, and the turmoil in markets that followed renminbi weakness in January, investors are not panicking this time. At least not yet. This month the offshore […]
China’s handling of its state reserves of raw materials such as cotton and sugar will be a key factor shaping the direction of agricultural commodities in 2017, according to a major lender to agribusinesses. China is “the most striking wildcard” that will drive agricultural markets, said Stefan Vogel, head of agri commodity markets at Rabobank, the Dutch lender that is a leading financier to farmers and agribusinesses […]
The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016 The Ministry of State for Federal National Council (FNC) […]
South Korea on Wednesday signed a military intelligence-sharing pact with Japan aimed at better managing the threat from North Korea’s increasingly active missile and nuclear weapons programmes. The deal, which comes as Seoul scrambles to adjust to the region’s shifting geopolitical landscape, has faced fierce domestic opposition from critics who slam it as an example of embattled President Park Geun-hye’s unilateral decision-making. Ms Park is embroiled in […]
Via The Daily Bell, Barack Obama on fake news: ‘We have problems’ if we can’t tell the difference The US president denounced the spate of misinformation across social media platforms, including Facebook, suggesting American politics can be affected. -Guardian Is fake news the new “conspiracy theory.” We’ve read that it may be, and it seems likely to us. That’s because “conspiracy theory” has seemingly lost credibility as […]
For some frustrated fans, that premise may seem incongruous or maddening, but it is the reality. Consider this, too: Gulati draws no salary from U.S. Soccer to compensate him for his grief. Continue reading the main story Because U.S. Soccer is a nonprofit body that oversees all facets of the sport in the United States — as opposed to a for-profit professional sports team or league — […]
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Donald Trump is showing no signs of ditching the unpredictable, pugilistic style that marked his campaign, by clashing with media chiefs, unsettling the US’s closest ally and intervening in the legal fate of his election rival during a 24-hour blizzard of activity. Most of the president-elect’s freewheeling decisions were broadcast over social media on Tuesday, a day after he broke with convention to announce a policy agenda for the […]
SYDNEY Asian stocks crept to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street, where the three main indices seized record peaks for a second straight session. Australia’s main index led the early action with a rise of 0.5 percent to a one-month top, helped by strength in bulk commodity prices. Japan’s Nikkei .N225 was closed for a holiday after enjoying […]
This kind of manipulation of the law is unfolding at a keen moment of weakness for the press, which has already been buffeted by falling revenue and mounting public disaffection. Only 40 percent of the public — the lowest rate since at least the 1990s — trusts the media “to report the news fully, accurately and fairly,” according to a Gallup survey conducted in September 2015. This […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks edged higher in afternoon trading on Tuesday, pushing the Dow above the 19,000 level and the S&P 500 above 2,200, though a fall in healthcare stocks weighed on the market. All three indexes along with the small-cap Russell 2000 index again hit intraday record highs, a day after all four indexes set record closing highs, extending their […]
Donald Trump on Monday posted a video describing plans for his first 100 days as US president. “On energy, I will cancel job-killing restrictions on the production of American energy,” he said. The US president-elect plans to open more federal lands and waters to oil and gas leasing, streamline permits for new energy projects and rescind executive actions of President Barack Obama. Deregulation forms the core of his […]
Investors pushed US equity benchmarks further into record territory on Tuesday, buoyed by expectations of a hefty economic spending plan by the incoming Republican administration. The S&P 500 rose 0.2 per cent to 2,203 in the opening minutes of trading while the Dow Jones Industrial Average popped above 19,000 for the first time. That came a day after Wall Street set a quartet of records, with all […]
Investors were set to push US equity benchmarks further into record territory on Tuesday, buoyed by higher oil prices and expectations of a hefty economic spending plan by the incoming Republican administration. S&P 500 futures were firmer ahead of New York open and a day after Wall Street set a quartet of records, with all four of the country’s main equity indices closing at fresh peaks. The […]
Tuesday 08:00 GMT. European stocks are following a positive Asian session as global investor sentiment is buoyed by simultaneous record highs for Wall Street’s main equity gauges. A steadier dollar and further gains for oil prices are supporting the chipper mood. After the FTSE Asia Pacific index rose 0.8 per cent, the pan-European Stoxx 600 is advancing 0.7 per cent. Germany’s Dax is up 0.6 to challenge […]
What better way to enjoy the cool winter evenings than by dining outdoors? There is no shortage of venues with terraces, some of which offer views of the waterfront and city skylines. Afshan Ahmed rounds up of some of the newest options available for alfresco dining in both Abu Dhabi and Dubai. newslide Abu Dhabi Bu Located on the fourth floor of The Hub at World Trade […]
