DUBAI, June 11 (Reuters) – Abu Dhabi-based telecommunications operator Etisalat has set initial price thoughts on its debut bond issue which could price at end of the day, a document from the lead managers said on Wednesday. Pricing guidance for a 5-year dollar bond has been set at 80 basis points over mid-swaps and a 10-year dollar bond is set in the area of 100 to 110 […]
A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]
Last year Donald Trump ended his run of 14 seasons as the cocksure boss on The Apprentice to prepare for his improbable White House bid. Today, as the US president-elect, he is assembling his administration in a way that suggests a new show is in the offing: The Appointee. The billionaire showman has brought the spectacle of reality television to the task of choosing his top political […]
Seriously…Must keep it together thru the Black Friday weekend! 15 Straight days up… The longest winning streak since 1996. Nothing to see here, move along… (the last time Small Caps rose for a longer streak was March 1988) (best 3 week gains since March 2009) The week was.. well easy.. Even after 3 weeks of incessant buying there was nothing to stop the panic […]
A Malaysian businessman and his partner have been charged with orchestrating the single biggest fraud in the history of Singapore’s stock exchange, which wiped out S$8bn in value and triggered a lasting loss of investor confidence. Soh Chee Wen, also known as John Soh, faced charges in a Singapore court on Friday in relation to an alleged fraud in which three publicly listed stocks soared in valuation […]
Palestinian leaders were more wary. “I don’t personally know Jared Kushner and have never met him, but welcome the idea of having him assist in breaking the deadlock in the negotiations of the conflict,” said Amin Maqboul, secretary general of the revolutionary council of Fatah, the party that controls the Palestinian Authority. Continue reading the main story The extent of Mr. Kushner’s relationship with Israel is unclear. […]
John Hanke arrives at Mijita on San Francisco Bay looking more like a middle-aged indie rocker than the chief executive of a company that this summer was estimated to be making tens of millions a week. His striped flannel shirt is unbuttoned over a T-shirt bearing a compass and the words, taken from a poem in The Lord of the Rings, “Not all who wander are lost”. […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
Sunil John, the founder and CEO of ASDA’A Burson-Marsteller, was presented with the Chairman’s Award at the Middle East PR Awards 2016. Now in its eighth year, the Middle East PR Awards recognises agencies, corporates, teams and individuals who have shown exceptional return on investment, creativity and strategic impact. The Chairman’s Award, one of the top prizes at the industry’s biggest event, is given to an individual […]
Amazon.com Inc is reportedly in talks to acquire Dubai-based online retailer Souq.com for about $1 billion, it was reported on Thursday. Bloomberg reported that the deal will give the US-based e-commerce giant a footprint in the high-growth Middle East market, citing people familiar with the matter. It said Amazon is considering a bid for all of the site, which had initially planned to sell a stake of […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with U.S. Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending […]
The first, foul-mouthed teaser trailer for Goon: Last of the Enforcers has hit the ice today, giving us our first glimpse of Doug “The Thug” Glatt – the goon with a heart of gold – since the original 2011 cult comedy. The Goon sequel marks the directorial debut of Jay Baruchel, who co-wrote the script for the original Goon with Evan Goldberg and has also written Goon: […]
Billionaire investor Wilbur Ross, known on Wall Street as the “king of bankruptcy” for his record of buying failing companies, will be tapped as Donald Trump’s commerce secretary, putting an advocate of renegotiating US trade pacts in a key economic post. Mr Ross was a close adviser to Mr Trump during his campaign and helped develop the president-elect’s policies for corporate tax cuts, increased infrastructure spending and […]
Authored by Bonner & Partners’ Bill Bonner, annotated by Acting-Man’s Pater Tenebrarum, Permanently Skewed TRUMP HOTEL, New York – Trump’s rambling army – professionals, amateurs, camp followers, and profiteers – is marching south, down the I-95 corridor. There, on the banks of the Potomac, it will fight its next big battle. Lieutenants in Trump’s army: Bannon, Flynn & Sessions Here at the Diary, we do not […]
AJMAN // A time capsule inviting the public to be a part of the UAE’s history was launched by the Ajman Tourism Development Department on Thursday. People can take part by submitting videos, writings and images to celebrate the UAE’s 45th National Day. The capsule will be showcased at Safiya Park Walk, in Masfout, and at the Flag Park. It will be transferred to the Ajman Museum […]
|ARABIAN POST SPECIAL|By K Raveendran| As predicted, Emaar chairman Mohammed Alabbar’s foray into e-commerce has already started creating waves in the regional and global online retailing market. In an apparent move to retain its clout, global e-commerce leader Amazon.com is reportedly in talks to acquire Dubai-based online retailer Souq.com. Amazon is reportedly considering a bid for all of souq.com, which had initially planned to sell a minority stake. […]
Jason van den Brand can’t promise that your mortgage won’t end up with Wells Fargo. As chief executive of Lenda, a home-loan provider, he’s in the business of selling mortgages into a huge secondary market in which Wells is a significant player. But he says that a wave of revulsion against the “too big to fail” bank, in the wake of the sham-account scandal, is prompting more […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
November 24, 2016 by: Jamie Chisholm, Global Markets Commentator Thursday 08:30 GMT. European equity markets are trading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and which has triggered another bout of dollar strength. The rampant buck is battering many emerging market currencies and leaves gold down $5 to $1,182.5 an ounce, the metal’s […]
Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008. Trump enters the White […]
|AN ARABIAN POST SPECIAL| A little or lesser known DIFC company floated by a few Indians is caught up in a controversy involving a big ticket acquisition worth billions of dollars. The acquisition bidder claims that the bid for a major gaming company was made on the basis of funding commitment by the DIFC company, which however denies any connection with the bid. The controversy relates to […]
Hollywood star Samuel L Jackson will be presented with a Lifetime Achievement Award at the opening ceremony of the Dubai International Film Festival (DIFF) next month. Jackson is long-celebrated as one of cinema’s most talented and intuitive actors with over four decades in the industry and featuring in more than 100 films. “Jackson has crafted a diverse and successful career in Hollywood and beyond and earned multiple […]
Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
