Britain’s exit from the European Union will mean it can forge free trade deals with Gulf Arab allies, foreign minister Boris Johnson said on Friday in a speech also heralding closer defence ties to the conservative monarchies. Johnson was speaking at a conference in Bahrain a day after footage was published of him accusing Saudi Arabia, an important ally for Britain, and Iran of stoking proxy wars […]
This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
December 12, 2016 by: Andrew Byrne in Skopje Macedonia’s election results hung in the balance on Monday morning, with former prime minister Nikola Gruevski’s ruling party holding a narrow lead over the leftwing opposition but both claiming victory. With 98 per cent of votes counted by early Monday morning, the conservative VMRO DPMNE party had 37.9 per cent compared with 36.6 per cent for Zoran Zaev’s SDSM […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
LONDON A major shareholder in British pay-TV company Sky (SKYB.L) will vote against Twenty-First Century Fox’s (FOXA.O) $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. Rupert Murdoch’s Fox offered 10.75 pounds ($13.52) a share in cash on Friday in its second attempt to buy the 61 percent of the business that it does not own, with […]
By Doina Chiacu and Howard Schneider | WASHINGTON WASHINGTON U.S. President-elect Donald Trump rejected as “ridiculous” reported U.S. intelligence findings that Russia intervened in the presidential election on his behalf through targeted hacking, saying he did not believe it, according to an interview on “Fox News Sunday.” The Republican president-elect’s comments casting doubt on reported U.S. intelligence findings pits him against some leading foreign policy voices in […]
By Edward McAllister | BANJUL BANJUL Gambia’s President Yahya Jammeh, who initially accepted his defeat in a Dec. 1 election before making a dramatic about-face, will challenge the poll result before the Supreme Court, the ruling party said in a statement. His loss to opposition candidate Adama Barrow, announced by the elections commission last week and followed by his rapid concession, had sparked hope for change in […]
Paolo Gentiloni, Italy’s foreign minister, has been chosen to replace Matteo Renzi as prime minister amid signs of a quick solution to the political crisis that has convulsed the eurozone’s third-largest economy during the past week. After three days of consultations with parliamentary leaders of all stripes, Sergio Mattarella, Italy’s president, on Sunday summoned Mr Gentiloni to the presidential palace in central Rome and asked him to […]
By Angus McDowall | BEIRUT BEIRUT When President Bashar al-Assad turns from the wreckage of Aleppo to assert his authority across a fractured Syria, it will be as a figure who is virtually unassailable by rebels, but still faces great challenges in restoring the power of his state. The expected fall of Aleppo would mean rebels have almost no chance of ousting Assad, but their revolt has […]
Photo Alexander Novak, Russia’s energy minister, left, with Khalid Al-Falih, Saudi Arabia’s energy and industry minister, after OPEC members and 12 other countries met in Vienna, Austria, on Saturday. Credit Lisi Niesner/European Pressphoto Agency Russia and other oil producers agreed on Saturday to join OPEC nations in a rare, coordinated reduction in oil output meant to lift petroleum prices and revenues to shore up their sagging government […]
Ahead of next week, here are the big questions we are asking at FT Markets What signal will the Federal Reserve send? The last US central bank meeting of the year will unfold on Wednesday with all eyes on officials’ latest assessment of the economy and the press conference of Fed chief Janet Yellen. Plenty has changed since their previous gathering just before the US election. Dollar […]
10 December 2016 Dubai, UAE: Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the […]
PARIS: US Secretary of State John Kerry and leading diplomats are trying to find solutions for Syria’s desperate opposition, as Syrian government forces squeeze rebels out of Aleppo after a devastating blitz.With tens of thousands of civilians fleeing, Kerry said he is working to ensure their safety and to save Aleppo “from being absolutely, completely destroyed.”Kerry and European and Arab diplomats are meeting members of Syria’s opposition […]
Photo President Recep Tayyip Erdogan of Turkey visiting the mausoleum of an Islamic scholar in Samarkand, Uzbekistan, last month. Credit Pool photo by Kayhan Ozer, via Associated Press ISTANBUL — Almost a century after the disintegration of the Ottoman Empire, Turkey’s president, Recep Tayyip Erdogan, and his supporters believe that they can restore the empire’s former glory. Stroll through the streets of any Turkish city and you […]
DUBLIN A group of British and Irish lawyers are seeking to challenge Britain’s decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. British Prime Minister Theresa May has said she wants to invoke Article 50 of the EU’s Lisbon Treaty by the end of March, kicking off up to two […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
In this part of the world, the debate is not just theoretical. Terrorism is an everyday reality, and the role that Facebook and other social media sites may play in inspiring it generates deep emotion. Israel has pushed to combat online provocation that it links to bloodshed. Palestinians consider a crackdown on Facebook posts just another tool of repression by an occupying power. Continue reading the main […]
Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]
Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC’s output limits on Saturday in the first such move since 2001. Saudi Arabia told the customers about lower supplies in line with the output reduction agreed by the Organization of the Petroleum Exporting Countries last week, according to a […]
New research has uncovered large differences between the understanding, attitudes and engagement of UAE investors with different nationalities. The report, carried out by financial solutions provider, Old Mutual International, and investment management firm, Quilter Cheviot, identified UK expats as the most risk averse while non-resident Indians (NRIs) were the most informed on their investment portfolios. The research found that 48 percent of UK expats in the UAE […]
Video Deadly Blast in Cairo A bomb exploded on Friday at a security checkpoint on the outskirts of Cairo, killing six police officers and wounding three others. By THE ASSOCIATED PRESS and REUTERS on Publish Date December 9, 2016. Photo by Khaled Elfiqi/European Pressphoto Agency. Watch in Times Video » CAIRO — A bomb ripped through a security checkpoint on the outskirts of Cairo on Friday, killing […]
By Gabriela Baczynska | BRUSSELS BRUSSELS Eastern European Union states remain at loggerheads with “frontline” countries such as Greece and Italy over sharing the burden of caring for asylum-seekers reaching EU frontiers, officials said on Friday. Largely uncontrolled arrival of some 1.4 million people from the Middle East and Africa in the past two years, many fleeing Syria’s civil war, has triggered bitter EU infighting. Dispute centres […]
Astronaut Thomas Pesquet of the European Space Agency captured this photograph from the International Space Station on Nov. 25, 2016, and shared it on social media, writing, “Sunrises. We experience 16 sunrises every 24 hours on the International Space Station as it takes us 90 minutes to do a complete orbit of our planet flying at 28,800 km/h.” Source link
Law Blog rounds up the morning’s legal news: Brexit challenge: The U.K. Supreme Court isn’t seeking to overturn Britain’s vote to leave the European Union, the court’s top judge said, as four days of hearing in a high-profile legal challenge to the government’s Brexit approach came to a close. [WSJ] Undocumented immigrant bail: The Missouri […] (via WSJ)
