Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
February 24th, 2017, Dubai, UAE International leadership coaches Dr. Marshall Goldsmith, Kate Sweetman and happiness expert Alexander Kjerulf will be among key speakers at the 12th Human Capital Forum MENA. The forum will gather HR professionals from the MENA region to discuss their latest challenges including change management, employee engagement, training & development and maintaining a high-performing workforce in a tough economic climate. The forum is taking […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
IDEX 2017 ends on a high-note with a total of 90 deals valued at more than AED 19.177 billion Abu Dhabi-UAE: 23 February, 2017 At a press conference on the fifth and last day of the 13th edition of the International Defence Exhibition and Conference (IDEX 2017), Naval Staff Colonel Fahed Nasser Al Thehli, Official Spokesperson of the fourth edition of the Naval Defence Exhibition (NAVDEX 2017), […]
By Mehreen Zahra-Malik | LAHORE, Pakistan LAHORE, Pakistan Pakistani real estate giant Rafi Group made a ten-fold profit last year from its sale of hundreds of acres of land in the remote fishing town of Gwadar, acquired soon after the government announced plans for a deep-sea port there. The windfall came after 12 years of waiting patiently for the Gwadar port to emerge as the centrepiece of […]
Image: Bednarczyk/Epa/REX/Shutterstock By Sohini Mitter2017-02-23 08:56:35 UTC We told you that Justin Bieber is performing in India for the first time. Understandably, there’s a lot of excitement, especially in millennials who can’t have enough of the 23-year-old pop sensation. But now there’s a problem as we discovered once the tickets went on sale. Firstly, there’s a queue. Even if you wait, you are never sure that […]
Thursday 05:25 GMT Overview Asian stocks fell, following their US counterparts lower as investors digested the minutes of the Federal Reserve’s January policy meeting. Hot topic The Fed’s minutes showed that “many” policymakers thought it would be appropriate to raise short-term US interest rates again “fairly soon”, even given potential uncertainty around the new Trump administration’s economic policies and possible tax cuts. The market view on rates […]
Abu Dhabi-UAE: 22 February, 2017 At a press conference on day four of the 13th edition of the International Defence Exhibition and Conference (IDEX 2017), His Excellency Staff Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson of IDEX 2017, announced 20 new deals worth AED 3,422,120,575. 13 of the deals are with national companies and the remaining 7 with international companies. The press conference, held at Abu Dhabi […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
Goldman Sachs, the last bank on Wall Street to handle significant physical volumes of oil and gas, has pushed back against a planned crackdown on combining finance with commodities trading. The institution warned the Federal Reserve to carefully weigh the effects on markets and companies as it sought to levy steep capital charges against a bank’s holdings of bulk materials. In its letter to the Fed dated […]
By Gina Cherelus | NEW YORK NEW YORK It cost New York City about $24 million to provide security at Trump Tower, President Donald Trump’s skyscraper home in Manhattan, from Election Day to Inauguration Day, or $308,000 per day, New York’s police commissioner said on Wednesday. The revelation prompted renewed calls for Congress to reimburse the city for the cost of protecting Trump’s private residence on Manhattan’s […]
March is a major month for Amazon Prime members. That’s because brand new content is coming to Prime Video, with the emphasize on new original series and movies. These include the anticipated season 2 premiere of Hand of God starring Ron Perlman as Judge Maximum. And while viewers will get to see how the Judge truest gain back his sanity in this final season, Amazon is getting […]
Apple typically drops the price on the previous iPhone $100 or so while other manufacturers may offer even bigger discounts. And now T-Mobile is currently offering the LG V20, Samsung Galaxy S7, and Samsung Galaxy S7 Edge at a massive discount, for just $360. The LG V20 is normally priced at $769.99, the S7 at $673.99, and the S7 Edge at $779.99. I was just considering a […]
The global Panama Papers investigation is based on the unprecedented leak of confidential information from Panamanian law firm Mossack Fonseca. (Arnulfo Franco / THE ASSOCIATED PRESS FILE PHOTO) In Brisbane and Ankara, Harare and Quito, Berlin and New York, the Panama Papers investigation into tax haven abuses has been recognized with some of the most prestigious journalistic accolades on the planet. The International Consortium of Investigative Journalists, which […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
By Tuvan Gumrukcu and Michele Kambas | ANKARA/ATHENS ANKARA/ATHENS Cyprus reunification talks were in disarray on Wednesday after reports the Turkish Cypriot side would not join this week’s meeting in an escalating row that opened old wounds over past Greek Cypriot ambitions to unite with Greece. Talks between Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci were abruptly interrupted last week over a decision […]
At the start of January, when the Mexican Central Bank spent $2 billion to defend its currency in a rare intervention in the spot market, and which lasted just a few hours before the selling resumed, Goldman analyst Albert Ramos had some advice for Banxico: don’t use reserves to defend the Peso as Mexico would have greater need for them elsewhere. : Instead, Goldman’s advice was to […]
Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
With US stocks in record territory and the S&P 500 index the most richly valued in more than a decade, some investors see dark clouds gathering on the horizon. The S&P 500, a broad measure of the stock prices of America’s largest companies, ended last week at a record high and has risen almost 10 per cent since the election of Donald Trump as president in November. […]
Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant. There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]
Pre-results jitters put Pearson among Monday’s sharpest fallers. Ahead of its full-year figures due Friday, Pearson faded 3.9 per cent to 642.5p. Since a profit warning in late January, the textbook publisher had rallied as much as 17 per cent amid hopes of another round of cost-cutting. But Pearson has already spent £610m on restructuring since 2013, to net cumulative savings of just £586m even before reinvestment, […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. With some $6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment […]
In this Thursday, Jan. 26, 2017 photo, a driverless shuttle bus retraces its tracks while on display at the Riverside EpiCenter in Austell, Ga. Self-driving vehicles could begin tooling down a bustling Atlanta street full of cars, buses, bicyclists and college students, as the city vies with other communities nationwide to test the emerging technology. (AP Photo/David Goldman) Self-driving vehicles could begin tooling down a bustling Atlanta […]
