Wednesday 02:35 GMT Overview Asian equities sank in the wake of the S&P 500’s biggest fall in more than five months as investors fretted that US President Donald Trump’s pro-growth policies could take longer than expected to come to fruition. Hot topic The S&P 500 closed down 1.2 per cent on Tuesday, dragged lower by financial stocks. It was the first time since October 11 that the […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
Top executives from two of the world’s biggest investment banks have warned about the perils of Brexit, saying they have begun to firm up plans to uproot jobs from London ahead of Britain’s departure from the EU. Banks had been among the most vocal opponents of Brexit in the run-up to June’s referendum, donating millions of pounds to the Remain campaign and speaking openly about the thousands […]
Tuesday 18:30 GMT What you need to know ● Sell off in financials drives S&P 500 down 1 per cent● Euro climbs to $1.08 and dollar index slips below 100● 10-year Treasury yield at lowest since start of month● Oil prices come under renewed pressure● Gold heads for fifth daily rise in a row——————- Overview A sharp and sudden sell-off for US financial stocks helped put the […]
At the start of March we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing US shale production costs has been: in just the past 3 years, the wellhead breakeven price for key shale plays has collapsed from an average of $80 to the mid-$30s… … resulting in drastically lower all-in breakevens for most US shale regions. Today, in […]
Stefan Freunberger, beneficiary of an ERC Grant at TU Graz, investigates ageing processes in non-aqueous batteries. Credit: © Lunghammer – TU Graz It has been known in biology for a long time that the excited oxygen molecule singlet oxygen is the main cause of ageing in cells. To counter this, nature uses an enzyme called superoxide dismutase to eliminate superoxide as a free radical. Superoxide also occurs […]
Your daily guide to community and cultural activities across the Emirates for March 21, 2017, including performances, festivals, art exhibitions, film creenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Nationwide New film In The […]
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculative positioning already at record lows, many are asking “why would a long-term trader sell the pound now?” As Bloomberg’s Mark Cudmore notes, it’s a question worth asking, because it seems that the vast majority of potential […]
DUBAI // A man and his two sons are accused of locking up a worker for days and torturing him by beating him and stubbing out cigarettes on his face. The three Indians, aged 65, 32 and 28, denied charges of confinement and physical assault at Dubai Criminal Court on Monday. Prosecutors said that between January 1 and 3, they locked up a 43-year-old Indian goldsmith, whom […]
Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks were mixed on Monday in thin trade, following Wall Street’s declines and the G20’s decision to drop a pledge to avoid trade protectionism, while the Federal Reserve’s less hawkish-than-expected comments continued to drag the dollar lower. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent. Chinese shares .SSEC added 0.2 percent, while Hong Kong’s Hang Seng […]
It’s in facials, on cappuccinos and most recently on the award-winning Burg Khalifa. But what is gold leaf like to work with when it comes to more permanent projects? We speak to a variety of artists about this tricky material. newslide Gold-leaf gilder All that glitters is gold at Emirates Palace. Most of the ceiling and many of its walls, totalling a one-kilometre surface, are covered in […]
Authored by ‘Vaniam’ via The Burning Platform blog, This is an Arizona patriot’s unique view on John Sydney McCain As of late, we the people of Arizona are very shocked to see what he has become. He is a caricature of a man who, around here, is about as popular as the ping-pong president. How could the people of Arizona, the state that brought you the O.K. […]
Scientists have used high-resolution crystallography to uncover the mechanism behind protein-assisted synthesis of gold nanoparticles, providing a platform for designing nanomaterials tailored for biomedical application. (via WSJ)
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creation since […]
UAE-based Aster DM Healthcare is in discussions with its banks to change some terms of a syndicated loan to counter difficult business conditions, including delays to payments it is owed, sources familiar with the matter said. The company, which operates hospitals, clinics and pharmacies in the Gulf and India, raised a multi-tranche syndicated loan equivalent to about AED600 million ($163 million) in March last year, Thomson Reuters […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
By Tracy Rucinski | CHICAGO CHICAGO A U.S. judge formally approved Peabody Energy Corp’s (BTUUQ.PK) plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary. Under a last-minute deal with the U.S. Department of Justice, Peabody agreed to create a $43 million trust to manage environmental liabilities stemming […]
There are more than 100 places to get steak in the UAE and more steakhouses are opening all the time, which is testament to the fact that beef is one of the world’s most popular dishes. If there’s one thing the UAE likes to eat it’s beef, and the country’s connoisseurs have long enjoyed a love affair with one particular type – Wagyu. This intensely marbled beef […]
Forced applause usually follows a regulator’s remarks to the regulated. Not so inside the pink stucco walls of the Boca Raton Resort and Club in Florida this week. Chris Giancarlo of the Commodity Futures Trading Commission received a standing ovation when he spoke to hundreds of traders, brokers and exchange executives. The enthusiastic response reflects hopes in the derivatives industry for a better relationship with the CFTC, its principal […]
A team of scientists has been able to reveal, for the first time, the dynamics of the orbital angular momentum of plasmons. The researchers used a combination of extremely high-quality single crystals of gold, ultrafast laser pulses and an electron microscope. (via WSJ)
Brazil’s economy will emerge this quarter from its deepest recession on record and reach a growth rate of up to 3 per cent by the final three months of the year, central bank chief Ilan Goldfajn has said. The recovery would be driven by a combination of easier monetary policy as inflation falls to levels not seen since January 2010, economic reforms that are boosting investor confidence […]
Researchers have lengthened the lifetime of perovskite solar cells by using nanotube film to replace the gold used as the back contact and the organic material in the hole conductor. (via WSJ)
