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 […]
Impala Asset Management, the $2.2bn hedge fund run by George Soros’s former chief investment officer, is benefiting from bets that an overhaul of America’s infrastructure and sustained demand from China will buoy appetite for commodities. Robert Bishop, who founded Impala in 2004, said they decided infrastructure would be a win whoever won the US election, but doubly so in the case of Donald Trump, a real estate […]
As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]
Hold your real assets outside of the banking system in one of many private international facilities –> https://www.sprottmoney.com/intlstorage Posted with permission and written by John Rubino All this talk of massive new infrastructure spending financed with a tsunami of freshly-minted currency should be lighting a fire under gold. That it hasn’t is a testament to how out-of-whack the precious metals market […]
A record run of declines; its worst performance since last year’s surprise devaluation and eight-year lows plumbed on a near-daily basis. Whichever way you cut it, China’s currency is having a testing month. However, unlike the infamous devaluation ruckus in August 2015, and the turmoil in markets that followed renminbi weakness in January, investors are not panicking this time. At least not yet. This month the offshore […]
A new botanical wonder has taken root at the heart of the world’s largest natural flower garden in Dubai. Emirates airline has teamed up with Dubai Miracle Garden to construct the world’s largest floral installation through a life-size version of the Emirates A380, covered in more than 500,000 fresh flowers and living plants. When in full bloom, the aircraft structure will have an unprecedented total stem count […]
For some frustrated fans, that premise may seem incongruous or maddening, but it is the reality. Consider this, too: Gulati draws no salary from U.S. Soccer to compensate him for his grief. Continue reading the main story Because U.S. Soccer is a nonprofit body that oversees all facets of the sport in the United States — as opposed to a for-profit professional sports team or league — […]
ZTE is launching a limited edition variant of its flagship smartphone, the very durable Axon 7, which will now have more RAM, increased internal storage and a new pressure-sensitive display, the name of which was seemingly borrowed from Apple’s “Force Touch” moniker for a similar technology. More RAM And Internal Storage The Axon 7 is a flagship which joins a pantheon of others that boasts budget-friendly price points […]
Synopsis Alan Greenspan was appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for 18 years. He presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Both data-hound and eligible society bachelor, Greenspan was a man of contradictions. His great success was to prove the very […]
Headphones are an ideal accessory for people who want to have a great music listening experience. A number of retailers including Best Buy, Amazon and more are offering discounts on popular headphone brands such as Beats, Skullcandy and more this Black Friday. Here are some of the best 2016 Black Friday headphone deals that customers can take advantage of this holiday season. Beats Beats by Dr. Dre […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose to their highest level since October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree on a cut could lead to a deepening supply glut by early 2017. International Brent crude oil futures rose as high as $49.63 a barrel on Tuesday, up […]
Riyadh, 22 November 2016 Investcorp, a global provider and manager of alternative investment products, today announced that an entity managed by it has invested in a stake in the leading private medical laboratory chain in the GCC, Al Borg Medical Laboratories (“Al Borg” or the “Company”). Established in 1999 in Jeddah, Al Borg has 53 laboratories across eight countries in the GCC and Africa, with a clear […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at a record peak they were also wary of chasing prices higher until President-elect Donald Trump picks his economic team. Crude oil extended gains in Asian trading with U.S. West Texas Intermediate (WTI) up 1 percent in early […]
Dubai/London: November21, 2016 Advance Global Capital (AGC), announced the partnership with Invoice Bazaar, a FinTech Supply Chain Finance platform in the United Arab Emirates for offering receivables purchase from SME suppliers. As part of the initial term sheet signed, AGC is committing a capital of AED 4 Million (US$1.1Million) as the first tranche towards purchase of receivables mainly targeted towards the SME segment. Supply Chain Finance, is […]
Wall Street is betting big on small. US president-elect Donald Trump’s pledge to ignite faster economic growth has put the shares of smaller US companies on track to outshine big multinationals this year for the first time since 2013. The Russell 2000, an index of shares with a median market value of less than $1bn, has surged 10 per cent to a record since the US election. […]
The stars will to be out in full force for Abu Dhabi’s Grand Prix, not least because this year’s race is a championship decider. Which celebrities can we expect to see painting the town Ferrari-red this weekend? newslide Paris Hilton – and Nicole Richie? Not only is Richie’s dad Lionel Richie singing at Yas Arena on Saturday night, but her old ‘bestie’ Paris Hilton is DJing in […]
For the past year, Deutsche Bank was one of the most stubbornly pessimistic banks. Then, overnight, everything changed for one reason: Donald Trump. The German bank laid out its 180-degree change in opinion in a 30-page Friday note titled “Trump: the huge picture for stocks”, in which it revealed that it now expects the S&P to easily rise to 2,250 by Trump’s inauguration, and then rise to […]
New photos show an uncontacted tribe in the Amazon jungle that resists threats brought about by illegal mining in the area. The tribal community is in Yanomami indigenous territory in the north of Brazil, close to the border with Venezuela. About 22,000 Yanomami are estimated to be living on the Brazilian side of the border. At least three groups are known to have no contact with outsiders. The […]
Source: politico.com It has been almost two weeks since Donald Trump has been voted into the White House and the mass media is finally getting their heads around his victory. Most analysts (well, actually all of them) predicted a victory for Trump would be excellent for the precious metals prices, but even though the gold price increased to almost $1350 when the votes were being counted, we […]
The organizers pressed ahead because holding the races near the large population of the Northeast corridor could pay dividends in revenue and attention. And if Killington’s gamble succeeds, it could set the stage for the region to become a fixture on the World Cup circuit. Continue reading the main story It is hardly a sure thing. Climate change has already troubled elite ski racing for several years […]
ABU DHABI // A No 1 limited edition licence plate commemorating Abu Dhabi Government’s Golden Jubilee was sold to an Emirati for Dh31 million on Saturday at Emirates Palace hotel. The winning bidder for the coveted plate, Abdullah Al Mahri, 32, said he bought it in honour of the country’s Rulers, who worked tirelessly to make the UAE No 1 in the world. “I’m very proud to […]
By Dan Burns and Jennifer Ablan | NEW YORK NEW YORK With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection […]
Huawei has secretly slid in a new variant of the Mate 9, its flagship killer, bringing the total variants to three with the Mate 9 Pro, the Mate 9 Porsche edition and now the Mate 9 Lite, the a new shrunk down version of Huawei’s flagship, specs and size-wise. The Mate 9 Lite has one major drawback, however, and it’s the lack of Leica shooters in the […]
By Patrick Rucker | WASHINGTON WASHINGTON A leading U.S. bank regulator on Friday reversed course and positions the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal. The lender must also now seek prior approval before naming new bank leadership, said the Office of the Comptroller of the Currency, the main regulator for federal banks. Friday’s move puts executive […]
