There are few things like a bull market to turn an investor’s head. Just look at China. Having slumped almost 50 per cent from its peak last June to a low in early January, the benchmark CSI 300 Index is now up 20 per cent. The memory-erasing qualities of this year’s rally in Shanghai will soon be given a real test as a trading link between Hong […]
Members of Prime Minister Benjamin Netanyahu’s Likud party and other rightist politicians jumped to make hay of the change. Continue reading the main story Yoav Kish, a Likud member of Parliament, called for the expansion of Israeli sovereignty into the West Bank; Meir Turgeman, the chairman of Jerusalem’s municipal planning committee, said he would now bring long-frozen plans for thousands of Jewish homes in the fiercely contested […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
Microsoft officially revealed its Black Friday 2016 deals, cutting deep into the price of various Surface devices, Xbox consoles and Windows 10 PCs. With Black Friday just around the corner, deals are starting to pile up and exciting offers can be found at nearly all reputable retailers and online shops, including the Microsoft Store. For this year’s Black Friday, Microsoft has prepared an assortment of discounted devices […]
With US president-elect Donald Trump’s governing priorities slowly starting to take shape, the US steel industry emerged on Monday as one sector where investors are placing their bullish bets. Three companies — US Steel, AK Steel and iron-ore producer Cliffs Natural Resources — saw their stock ratings upgraded by Morgan Stanley analysts in the wake of last week’s election, pushing their share prices up. Mr Trump’s election […]
newslide Bollywood superstars Shah Rukh Khan and Aishwarya Rai-Bachchan recently shared a few moments of screen space in Karan Johar’s Ae Dil Hai Mushkil. The duo seem to have well and truly buried their longtime hatchet that started with Rai-Bachchan’s unceremonious ouster from Shah Rukh Khan’s 2002 production, Chalte Chalte, due to her rocky relationship with Salman Khan. According to reports in several Indian newspapers, Khan and […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
DUBAI // A Frenchman playing an oud was arrested for begging after police caught him with Dh27 and 25 fils on a blanket in the Gold Souq this month. The busker, 27, was arrested on November 1 this year at 10.30am at the souq in Naif where he had spread the blanket on the ground. When a translator at Dubai Misdemeanours Court asked him if he had […]
Warning: If you haven’t seen the November 13th Westworld episode, “Trompe L’Oeil”, you’re about to be spoiled! The November 23rd episode of Westworld ended with a huge reveal, as viewers learned that Bernard (Jeffrey Wright) was in fact one of the robotic hosts built by Robert Ford (Anthony Hopkins) – in a sequence that also had Ford order Bernard, who had no choice but to comply, to […]
DUBAI // A busker arrested after police saw him playing music for money in the Gold Souk will spend 15 days in jail before being deported. The 27-year-old Frenchman was arrested on November 1 this year at 10.30am at the souk in Naif. He was charged with begging. The Dubai Court of Misdemeanours was told the man spread out a blanket on the floor where people could […]
Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]
In the process of answering the question as to what sort of president Donald Trump will be, his two first administration appointments offer an initial answer. As a political newcomer, Mr Trump has promised to “drain the swamp” of Washington, ridding the capital of political cronyism and corruption, and taking a fresh approach to governing, with a new coterie of people. Yet he has also suggested that […]
Dubai, UAE – November 14, 2016 Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds […]
Monday 02.10 GMT. The post-US election rally appears to have subsided, with Asian equities benchmarks having a mixed morning with the exception of Japan, which has been propped up by a weaker yen. Wall Street finished a strong week on a mixed note on Friday, as the S&P 500 slipped but the Dow Jones Industrial Average closed at a record high. The action on Monday is in […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
Donald Trump and top allies have shown signs the New York billionaire may moderate some of his biggest campaign promises, while digging his heels in on others. In the wake of Mr Trump’s stunning electoral win last week, both political analysts and financial investors are waiting to see which of the two Donald Trumps will prevail: the bombastic primary candidate, or a pragmatist who viewed his more […]
Fear and loathing was the overriding sentiment of fund managers and analysts contemplating the market implications of an unlikely Donald Trump presidency. Instead we have seen hope and excitement as the reality sinks in. What changed? It’s been quite the turnround. The overwhelming finance industry view before Tuesday’s election was that the stock market would tank if Mr Trump triumphed. Going by how equities quivered every time […]
Friday 19:30 GMT. US and European stocks gave back some of their post-US election gains, the dollar continued to rally and commodity prices were in retreat as participants looked back over a truly remarkable week for global markets. A rapid flight to safety followed the shock news that Donald Trump would be the next president of the US, with S&P 500 futures and Asian stock market indices […]
In most of the high-profile swing states, the story was the same. In Ohio, Team Clinton was responsible for about 75 percent of the 79,000 TV ads aired in the race since mid-June, after the primaries had ended. In North Carolina, Team Clinton was likewise responsible for about three-quarters of the 63,000 presidential race TV ads since mid-June. And in Pennsylvania, Team Clinton was responsible for nearly […]
For Tom Lemming, a recruiting expert who has published Prep Football Magazine for nearly four decades, the ideal community for high school football “has got to be a town that doesn’t have a professional team, one that has a tradition for high school football, builds the kids up with youth leagues and youth programs — which towns in the South do much more than in the North.” […]
After an election filled with rhetoric about big and brash bankers running amok on Wall Street, Donald Trump has turned to the biggest and the brashest of them all: Jamie Dimon, chairman and chief executive of JPMorgan Chase. The transition team of the president-elect called Mr Dimon on Wednesday night to sound him out about serving as Treasury secretary, according to a Reuters report that the FT […]
As he ran for India’s highest office, Prime Minister Narendra Modi wooed voters with a promise to crack down on those who had accumulated troves of “black money” — cash earned through illegal means or corruption, or simply never declared to tax authorities. Mr Modi made good on his pledge on Tuesday with a shock declaration that so-called “high value currency notes” — denominations of Rs500 and […]
