In this Thursday, Jan. 19, 2017, photo, a fake news story is positioned near ads from major global corporations on The Red Elephants website. It may not be intentional, but major corporations are helping prop up sites that publish false news stories. Experts say it’s not so easy for brands to make sure they don’t end up on websites that publish false stories. (The Red Elephants via […]
By Sinead Carew | NEW YORK NEW YORK In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation about the U.S. president’s policy plans. But the current world is less than ordinary. In the second week after Donald Trump’s inauguration, issues such as his controversial immigration policies will likely […]
He also called the United States a “haven” for many athletes hoping to train outside their home countries. Continue reading the main story “Most of our athletes from St. Lucia train in the States,” Mr. Peterkin said. “We don’t have an issue because we’re not on that list of seven, but if we were — there go hopes and dreams.” On Saturday evening, a federal judge blocked […]
LISBON French President Francois Hollande said on Saturday the new U.S. government was encouraging “populism and even extremism”, as he and fellow southern European leaders urged unity to face an increasingly uncertain world. “We have to stand together in Europe,” Hollande said during the meeting in Lisbon. “What is at stake is populism. The kind of discourse now coming from the United States encourages populism and even […]
Photo Spain’s Rafael Nadal reacts after a point against Bulgaria’s Grigor Dimitrov during their men’s singles semifinal match on Friday. Credit Peter Parks/Agence France-Presse — Getty Images MELBOURNE, Australia — Rafael Nadal completed a slate of throwback singles finals at the Australian Open, beating Grigor Dimitrov, 6-3, 5-7, 7-6 (5), 6-7 (4), 6-4, in a battle of 4 hours 56 minutes that started Friday evening and ended […]
In such an environment, not only does a case for privileged access based on Washington tradition play into one of Trump’s core campaign narratives, but it also fails to anticipate the inevitable response from the White House: What use are you to us? With audience fragmentation and the rise of social platforms, the traditional media’s collective leverage over those in power has been diminished, and the Trump […]
Sitting in his spacious office in Doha’s West Bay, free from the entourage of assistants usually attached to CEOs of large, government-backed organisations, Rashid Bin Ali Al Mansoori appears relaxed and unhurried. He even responds, “How much time would you like?” when asked to confirm the length of our meeting. Al Mansoori, who has served as CEO of Qatar Stock Exchange (QSE) since 2012, is frank about […]
BEIRUT: The Trump administration’s expressed interest in setting up safe zones for civilians in Syria was greeted Thursday with caution by Russia and Turkey, who have taken the lead in the latest peace efforts to end the Mideast country’s devastating six-year war.Turkey said it had always supported the idea, but both Ankara and Moscow said such plans would require careful consideration while a senior European Union official […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
The New York Stock Exchange is planning a direct challenge to its smaller rival IEX with a “speed bump” at one of its trading venues, in the latest example of ways that participants in the world’s largest equity market are experimenting with speed. NYSE intends to apply to regulators to allow a delay of 350 microseconds to trades on its NYSE MKT exchange for small and mid-cap […]
The lead government negotiator, Bashar al-Jaafari, speaking to reporters after the opening session, responded by calling the opposition delegation “armed terrorist groups,” and accused them of “impertinent” and “provocative” behavior. Continue reading the main story The tension demonstrated the challenges that remain for Russia, the Syrian government’s most powerful backer, as the Russian government tries to show its approach can accomplish more than the largely fruitless efforts […]
A billionaire Chinese hedge fund manager has been jailed for five-and-a-half years for market manipulation in one of the country’s highest-profile financial crimes prosecutions since a market rout in 2015. Xu Xiang, an investment guru who used to be compared with Carl Icahn, led a loose-knit group of hedge fund managers from the port city of Ningbo known as the “Limit-up Kamikaze Squad” because of their penchant for […]
WASHINGTON The Trump administration may no longer enforce a rule requiring individual Americans to carry health insurance or pay a penalty if they do not, a senior White House official said on Sunday Speaking on ABC’s “This Week” program, Kellyanne Conway, counselor to the president, said President Donald Trump “may stop enforcing the individual mandate.” Separately, on CBS’ “Face the Nation” show, she reiterated Republican promises that […]
By Brenda Goh and Muyu Xu | SHANGHAI/BEIJING SHANGHAI/BEIJING With 6 million Chinese tourists expected to travel abroad over the Lunar New Year break, China’s January 27 to February 2 holiday is crucial for Taiwan tour agency operator Li Chi-yueh, who relies on mainland visitors for a third of his revenue. But Li’s hopes are not high this year, after the number of mainland tourists plummeted 36 […]
When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]
Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
TAIPEI Taiwan aspires to create a “new era” of peace with China, which should set aside the baggage of history and have positive dialogue, Taiwan President Tsai Ing-wen said in a letter to Pope Francis, adding military action cannot resolve problems. The issue of self-ruled and proudly democratic Taiwan has shot to the top of the international agenda since U.S. President-elect Donald Trump broke with decades of […]
SAN FRANCISCO/NEW YORK This past November, Nasdaq Inc (NDAQ.O) hired a helicopter to film Manhattan’s skyline using Snapchat’s new video-camera sunglasses and sent the aerial footage to its social media followers. The New York Stock Exchange – its arch-rival – on the same day tweeted a video shot from the floor of its exchange, showing that it too was using the social media giant’s gadget. The scramble […]
Cambodia is to scrap an annual joint military exercise with the US in the latest shake-up in security co-operation between Washington and Southeast Asian capitals. The cancellation comes as Beijing and Washington battle for influence in Southeast Asia amid signs that president-elect Donald Trump’s incoming administration could take a tougher line over China’s maritime territory claims in the region. Countries including the Philippines and Malaysia have already […]
A much delayed surveillance system to monitor trading in the world’s largest equity market took a big leap forward on Tuesday with the selection of the group to build and operate the project. Founded in 2009, Thesys Technologies, a trading technology provider, beat out the Financial Industry Regulatory Authority and SunGard Data Systems. Called the “Hubble telescope” by one regulator, the so-called Consolidated Audit Trail, or CAT, […]
As we observed in yesterday morning’s market wrap, while US market were taking the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets. During Monday trading, having traded quietly lower for the past few days, Chinese stocks tumbled in early trading on the mainland and in Hong Kong’s offshore market amid weakness in Asian equities. The Shanghai Composite Index […]
An increase in Facebook pushed the Nasdaq to a record high on Friday, and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results. Wall Street has surged since President-elect Trump’s unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks. With stocks trading at price-to-earnings valuations well above historical averages, many investors […]
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 […]
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 […]
