2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
If you have yet to make plans for New Year’s Eve, don’t worry, it is not too late. Most restaurants will be open and serving up special meals to ring in the new year. Here are some of the most notable spots to get a memorable meal and a view of the fireworks as you welcome in 2017. Abu Dhabi For a great view of the fireworks […]
The UAE is set to be one of the world’s main centres for New Year’s Eve concerts on Saturday, with a variety of gigs in genres ranging from stadium rock and EDM to Arab pop and hip-hop. The locations are as eclectic as the sounds on offer, with mammoth venues such as Abu Dhabi’s du Arena and Dubai’s Meydan Racecourse hosting events along with resorts, restaurants and […]
Submitted by Mac Slavo via SHTFPlan.com, The window is closing on freedom in the Golden State, as liberal government leaders and increasingly bureaucratic laws are being used to strip away the rights of the people. Gov. Jerry Brown has signed a slew of new laws, seen by many as unconstitutional, that will make it incrementally more difficult for Californians to keep and bear arms. But in response […]
“The resolution that was passed by the U.N. yesterday is part of the swan song of the old world that is biased against Israel,” Mr. Netanyahu said at a Hanukkah candle-lighting ceremony honoring wounded soldiers and terrorism victims. “But, my friends, we are entering a new era and, as President-elect Trump said yesterday, that is going to happen a lot faster than people think.” Continue reading the […]
Mijbel AlQattan appointed President of the society by the newly elected board, replacing outgoing President Rafik Hafez. Kuwait, 22 December 2016 CFA Society Kuwait, CFA Institute’s local association of investment professionals consisting of portfolio managers, financial analysts and investment advisors, has announced the appointment of its new board of directors. Mijbel AlQattan, previously the society’s Vice President, was appointed by the newly elected board of directors to […]
|By Arabian Post Staff| Dubai saw a 11 per cent surge in the total volume of traded goods in the first nine months of 2016, rising as high as 70.82 million tons of commodities. Imports had the lion’s share at AED 594 billion (46.81 million tons and 12% increase), while exports and re-exports accounted for AED 109 billion (11.84 million tons and 8% increase) and AED 249 […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
Last-minute trawls round malls or petrol-station flowers aside, it’s probably time to accept that it’s getting a tad late for thoughtful festive presents this year. But for car-idolising types who get the best gift of all this Christmas – cash, obviously – there are plenty of, err, wheely great gifts to splurge on from around the world. Innovative toys A few months ago, we reviewed the impressively […]
“The boundaries of uncertainty have increased [for fixed-income markets],” says Dan Ivascyn, chief investment officer at Pimco, the bond specialist that invests more than $1.5tn. “Rates certainly can go higher.” What is clear for bond investors is that they face a true test of their convictions in 2017 after an end to 2016 that challenged the consensus of low inflation and rates that, at one point, drove […]
A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]
|By Arabian Post Staff|A Booz Allen Hamilton report discusses how the global retail sector is changing in the face of an unprecedented shift in customer behavior, fueled by advanced technology and wider acceptance of online shopping and ecommerce. The report titled ‘Next Generation Retailers: Power Up Your Analytics’ has found that investing in customer analytics offers exciting opportunities for the growth and development of the regional retail […]
The renminbi’s seemingly endless grind lower against the US dollar has been one of the financial stories of 2016, triggering a wave of capital outflows from China that Goldman Sachs estimates may have totalled $1.1tn since August 2015. The once closely controlled Chinese currency has tumbled 6.5 per cent to an eight-year low of Rmb6.945 against the greenback this year, taking its slide since August 2015 to […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Most of us can feel unavoidably like Mongo in Mel Brooks’ “Blazing Saddles,” meaning a self-perception that “Mongo only pawn in game of life.” (YouTube) Yes, we all try to be philosophical but can lapse into merely being dim-witted, like […]
Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US housing bubble, striking deals before the Trump administration takes power. The deals came as federal prosecutors announced they were suing Barclays and two of its executives over the issue of allegedly fraudulent residential mortgage-backed securities. The suit followed the breakdown of talks […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]
By Karen Freifeld and Arno Schuetze | NEW YORK/FRANKFURT NEW YORK/FRANKFURT Deutsche Bank (DBKGn.DE) has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank’s Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was […]
Friday 02:50 GMT Overview Asian markets not already shut for the holidays went into retreat, following a negative lead from Wall Street as investors took a breather ahead of the Christmas break. Hot topic Most major global stock markets were on track to finish December in the black, continuing the rally set off by Donald Trump’s presidential election victory in early November. In Asia, Japanese equities have […]
Submitted by Simon Black via SovereignMan.com, In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across Europe. So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy. People could start businesses and own private property– revolutionary […]
Law Blog rounds up the morning’s legal news: Repeal rejected: A bipartisan agreement to repeal North Carolina’s transgender bathroom law fell apart Wednesday, after Republican legislative leaders required a late addendum of a six-month “cooling-off” period for local policies that Democrats said was a violation of a hard-fought deal. [WSJ, Charlotte Observer] Goldman and 1MDB: Investigators are trying to determine whether Goldman Sachs had reason to suspect […]
But talk around the house was more likely to involve the Dodgers or Bruins. Malcolm was a good athlete, a basketball player growing up and an avid tennis player until the end. He and Steve spent a lot of time at the high school hitting and fielding, and Malcolm sometimes joined Steve in the driveway. Continue reading the main story “He was a lefty and had a […]
After five grinding years of losses, commodities are set to end higher in 2016 and investors are staking out increasingly bold calls for the coming year. This reflects signs that the prolonged decline in markets such as oil and metals is finally having an effect. Cuts in capital spending by producers have begun to choke off supplies as global demand creeps higher. It might not be a […]
Thursday 08:10 GMT Overview European stock indices are slipping back, following Wall Street’s lacklustre lead as the Dow Jones Industrial Average moved further away from the 20,000-point milestone while the US dollar weakened, also cooling from its strong run. Hot topic European banking stocks are under scrutiny. It comes after news that Monte dei Paschi di Siena is to be rescued by the Italian state using a […]
It is strange to think that the original plan for La La Land involved Miles Teller and Emma Watson in the lead roles, because this love letter to Hollywood and the golden age of the musical seems tailor-made for Ryan Gosling and Emma Stone, its eventual stars. She is fresh off Broadway hit Cabaret, while he spent his early years singing and songwriting. This is their third […]
