Friday 21:00 GMT Overview US stocks and industrial commodities were riding high and the dollar forged ahead at the end of a week in which an outbreak of worries over forthcoming European elections was replaced by renewed bullishness about the policies of Donald Trump, US president. The more confident mood was also driven by optimism about corporate earnings and evidence of strong trade growth in China. Hot […]
Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and with strategic support from the Ministry of Economy Event a key indicator of smart-service adoption as an important tool for conducting business, supporting smart trade and a knowledge economy Dubai, UAE, 3 February 2017 Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler […]
The $16tn US retirement savings industry faces renewed uncertainty after the Trump administration said it would review a “fiduciary rule” that forces retail brokers to put their clients’ interests first. The decision prompted dismay from backers of the rule, including Jack Bogle, the founder of Vanguard, who criticised the administration for having Gary Cohn, the former Goldman Sachs president, front the rollout of the new policy. It […]
Investors piled into bank shares on Friday following news that Donald Trump will begin the process to undo parts of the Dodd-Frank financial reform law. The S&P 500 financials sector advanced 2 per cent and propelled it back into positive territory for the year on Friday. Within the broad group, the banks subsector gained 2.6 per cent, giving both their best day since November. Morgan Stanley shares […]
RedfestDXB has announced new timings for its closing day. It will be held on Saturday, after severe winds forced organisers to postpone the original date. To cater to young fans with Sunday school commitments the festival will run from 2pm to 8pm. Fans and ticket holders are urged to follow the event social media channels for further updates on ticket refunds, updated performance times and opening times. […]
Submitted by Mike Maharrey via The Tenth Amendment Center, A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add […]
President Trump’s administration is unconventional by any reporter’s standards, said Jeffrey Goldberg, the editor in chief of The Atlantic. But that doesn’t mean journalists should abandon basic skills and principles they’ve held onto for years. “It’s true, we are in a little bit of a knife fight with people who don’t want to have a fact-based discourse,” Goldberg said. “But you just have to stand for what […]
Apple clinched $10bn of debt financing on Thursday as capital market activity remained robust, with Microsoft and AT&T also borrowing hefty amounts from investors this week. Apple’s latest bond sale follows a bumper start to the year for corporate and bank borrowings, with more than $185bn raised by investment-grade groups in the US, according to Dealogic. This week Microsoft borrowed $17bn in the largest bond offering of […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
The vital survival skills taught to young British merchant marine cadets during the Second World War through the Outward Bound educational initiative might seem redundant in the safe harbour of the UAE, but its newest international chapter is already delivering unique, life-changing experiences to young people from across the Emirates. Outward Bound UAE was set up in December 2016 to provide Emirati and expatriate youth with practical […]
Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]
KABUL On a snowy mountaintop to the west of Kabul, a group of Afghan girls practice the flowing movements of Wushu, a sport developed from ancient Chinese kung fu martial arts, stretching and bending and slashing the air with bright swords. In a country where women’s sport is severely restricted, the Shaolin Wushu club in a part of Kabul that is home to the capital’s Hazara ethnic […]
Snap is trying to raise $3bn in an initial public offering that could be the largest US tech IPO in years, according to documents that provide the first glimpse inside the owner of the messaging app Snapchat. Evan Spiegel, 26-year-old co-founder and chief executive, will own a stake worth up to $5.5bn, if the company succeeds in its aim of going public with a valuation of up […]
By Gina Cherelus | NEW YORK NEW YORK Hundreds of New York City bodegas, grocery stores and restaurants owned by Yemeni Americans closed for hours on Thursday in protest against U.S. President Donald Trump’s immigration policies, organizers said. Loyal patrons who rely on the stores for staples of daily life had to look elsewhere for lunch after more than 1,000 locations shut their doors from noon to […]
Nickel rose on Thursday, outpacing other industrial metals, as speculators rushed to close bearish bets after the Philippines pressed ahead with an environmental crackdown on domestic producers. Nickel for delivery in three months on the London Metal Exchange rose as much as $250 to $10,500 tonne after Manila ordered the permanent closure of mines that produce about 8 per cent of the world’s nickel supply. The metal […]
Dr. George Carruthers, right, and William Conway, a project manager at the Naval Research Institute, examine the gold-plated ultraviolet camera/spectrograph, the first moon-based observatory that Carruthers developed for the Apollo 16 mission. Apollo 16 astronauts placed the observatory on the moon in April 1972. Source link
By Yashaswini Swamynathan U.S. stocks slipped on Thursday, as bank stocks fell after the Federal Reserve provided little clarity into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed, which left interest rates unchanged on Wednesday, gave no firm signal of a hike in March as it closely watches the impact of […]
ULAANBAATAR/HONG KONG Private citizens in Mongolia are donating cash, jewelry, gold and even horses to help the government make a near $600 million payment to bondholders next month. The cash-strapped nation has been embroiled in an economic crisis brought about by a collapse in foreign investment, slowing growth in China and weak commodity prices. Its currency, the tugrik, lost nearly a quarter of its value last year. […]
The Western Australian government has awarded a contract to Telstra Health to roll out a AU$10 million Community Health Information System in an effort to “close the gap” in access to health information between metro residents and those living in rural areas. The health information system is designed to record data on children’s health, including their vaccinations, as well as providing information about public health issues, management […]
By Alex Dobuzinskis and Mica Rosenberg | LOS ANGELES/NEW YORK LOS ANGELES/NEW YORK A federal judge in Los Angeles has ruled President Donald Trump’s administration must allow immigrants with initial clearance for legal residency to enter the United States from seven Muslim-majority nations, despite an executive order ban. Tuesday’s ruling by U.S. District Judge Andre Birotte Jr follows decisions by federal judges in at least four other […]
February 2, 2017 by: Hudson Lockett in Hong Kong Thursday 02.00 GMT Overview Stock markets were mixed in Asia after the US Federal Reserve left interest rates unchanged but hinted at further rises this year. The Australian dollar gained against its US counterpart on data showing a record trade surplus, while oil pared back some of Wednesday’s gains. Hot topic The Australian dollar gained 0.6 per cent […]
Forget about the flowers, cards and candy because there is nothing better to love this month than Amazon’s lineup for what to stream in February. New titles include the latest Marvel movie Doctor Strange starring Benedict Cumberbatch as the surgeon turned superhero, as well as the thriller Desierto about a migrant who leads 13 others along the U.S.-Mexico border starring The Walking Dead’s Jeffrey Dean Morgan. Both […]
Law school deans seem quite fond of banding together to show their support for contentious issues. The latest collective action comes from California’s law deans, with a letter sent Wednesday to the state’s highest court urging them to address California’s declining bar-passage rates. As we’ve noted before, the latest bar-exam results in the Golden State were […] (via WSJ)
The UAE’s non-oil foreign trade totalled AED1.172 trillion ($320 billion) for the first nine months of 2016, up by 0.1 percent on the same period in the previous year. Preliminary data of the Federal Customs Authority (FCA) indicated that the share of imports in the UAE’s total non-oil trade amounted to AED721.2 billion, a rise of 1 percent. Native gold and semi-processed gold topped the list of […]
