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GOLD MONETISATION SCHEME NEEDS FRESH LOOK

MMTC JOINT VENTURE CAN PLAY A BIGGER ROLE   By G. Srinivasan   When the savvy Union Finance Minister Mr. Arun Jaitley…

Google overhaul "shareholder friendly", though details scarce

A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files Google Inc’s overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors have long sought more granular detail on Google’s capital spending and cash […]

Emirati chess master crowned Asian Continental champion

AL AIN // Emirati Saleh A R Salem has become the Asian Continental Chess Champion of the year. The 22-year-old grandmaster was declared the winner after the final round of the competition at the Hilton hotel in Al Ain on Monday. It is the first adult continental championship title that Salem has won after victories in several junior and youth championships. “I am very happy. It was a […]

Gold’s Artificial Lows From Extreme Shorting Attack Won’t Last

Gold tumble promises M&A boom

Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year high as weaker prices slash asset valuations. Deals valued at $9.6 billion were proposed or completed in the six months to June 30, up 7 percent on the previous half, as producers including OceanaGold Corp. agreed acquisitions, according to data complied by Bloomberg. They totaled $22.3 […]

A Burger Joint That’s Iran’s Answer to McDonald’s

TEHRAN — Despite the smiling clown, a symbol of the Great Satan’s love for meat, buns and fries, there were no angry mobs punching fists in the air, shouting “Death to America”; nor did the smell of burnt American flags permeate this Tehran neighborhood. It smelled of juicy burgers, flipped by a cheerful Iranian teenager named Jahan. His kitchen was crowned with a flashing logo that looked […]

Goldcorp: Think Twice

Rivals of ISIS Attack U.S.-Backed Syrian Rebel Group

By ANNE BARNARD and ERIC SCHMITT July 31, 2015 BAGHDAD — A Syrian insurgent group at the heart of the Pentagon’s effort to fight the Islamic State came under intense attack on Friday from a different hard-line Islamist faction, a serious blow to the Obama administration’s plans to create a reliable military force inside Syria. The American-led coalition responded with airstrikes to help the American-aligned unit, known as Division 30, in […]

ISIS Rivals Attack U.S.-Backed Syrian Rebel Group

BAGHDAD — A Syrian insurgent group at the heart of the Pentagon’s effort to marshal local foot soldiers against Islamic State militants came under intense attack on Friday from a different hard-line Islamist faction, the Qaeda-linked Nusra Front. The Nusra Front said in a statement that its aim was to eliminate the American-aligned unit, known as Division 30, before it could gain a deeper foothold in Syria. […]

Gold headed for biggest monthly drop since 2013

Gold fell, heading for its largest monthly decline in two years, as the Federal Reserve moved closer to boosting US interest rates for the first time since 2006. While Fed policy makers refrained from signaling the timing of a rate rise after a two-day meeting, they described job gains as solid amid an improving economy, according to a statement Wednesday. The market expects a move as early […]

FT deal and print media mergers

|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]

Gold stocks resume slump

Gold stocks dropped, erasing most of yesterday’s gains, on concern Chinese buyers are losing their appetite for the metal. Gold Fields Ltd., which owns mines in South Africa and Australia, sank 6.7 percent as of 2:34 p.m. in Johannesburg. Sibanye Gold Ltd. and AngloGold Ashanti Ltd. tumbled more than 6 percent. The FTSE/JSE Africa Gold Mining Index fell 5.5 percent and is trading near the lowest since […]

Exclusivity and new experiences amongst new life themes of High Net Worth Individuals in the UAE

UAE. A recent qualitative report sponsored by Citi and conducted by Nielsen, a leading global provider of information and insights into what consumers watch and buy, studied the personality of HNWI in the UAE. The results of the research revealed the different needs that they believe are impacting their disposition towards wealth management and analyzed their attitudes towards investments. The participants were represented by a small group […]

Has China Manipulated The Gold Market?

Gold losses may not be done yet

The bargain hunters who thronged Kumar Jain’s jewelry store in Mumbai as gold prices tumbled in 2013 are staying away for now. They’re holding off because they think this week’s collapse to the lowest price in five years has further to run, according to Jain. That’s a view shared with Goldman Sachs. “It hasn’t been anything like what happened two years ago,” Jain said, referring to the […]

Carspotters’ Challenge #145: NYC Bridge Commute, 1956

Last week’s Carspotters’ Challenge focused around the Golden Gate Bridge on the West coast. I threw a question out there it if the commute ever got old and readers responded with a resounding ‘no’ plus explanation. Inspired by it, I now give you the East coast version Aside from no then/now photos, this time the bridge is unknown, at least to me, and NYC has a lot […]

UAE Oil price deregulation policy will support the economy and help consolidate government finances, says ICAEW

UAE. The Institute of Chartered Accountants in England and Wales – ICAEW, has welcomed the new UAE oil price deregulation policy which aims to support the national economy, lower fuel consumption, protect the environment and preserve national resources. Commenting on the new policy, Michael Armstrong, FCA and ICAEW Regional Director for the Middle East, Africa and South Asia (MEASA), said: “Deregulating oil prices should support the national […]

Cloud services seen growth driver for Amazon

REUTERS – Amazon.com Inc’s shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company’s market value, after strong growth in the e-commerce giant’s cloud business drove a surprise quarterly profit. The company’s market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world’s biggest retailer. Revenue from Amazon’s cloud operations – Amazon Web Services […]

Lives: Charmed

July 24, 2015 By LAILA LALAMI One afternoon last April, I stood in the doorway of my daughter’s room, watching her prepare for a big recital. She was going to perform with her middle-school orchestra in Santa Monica. She packed her violin, rosined her bow, put on a black dress and tamed her wild hair into a bun. ‘‘There,’’ she said. ‘‘I’m ready.’’ How lovely she looked, […]

Qualcomm's potential break-up could lead to courtship with Intel

It could be a match made in heaven. Wall Street says Intel Corp (INTC.O) is the best suitor for Qualcomm Inc’s (QCOM.O) chip unit, if the maker of Snapdragon mobile processors decides to break itself up. “The chip deal to end all chip deals,” says Cowen and Co analyst Timothy Arcuri, would give Intel’s smartphone chip making business a much-needed boost. It would also allow Intel to […]

Affordable housing at forefront of UAE real estate market

UAE. The current shortage of middle income housing is one of the greatest challenges facing the real estate industry in the Middle East, said Craig Plumb, Head of Research at JLL MENA. “With a shortage of housing for those families earning salaries around the UAE average, it is important that we address some of the best practice initiatives and developments that have been launched in the Emirates, […]

Analysts as upbeat as ever on Apple; Investors not so much

An Apple iPhone 6 is seen on display at the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters/Mike Segar Forget that iPhone unit sales were not as strong as many had expected; that the revenue forecast fell short of the average estimate, and that there was no clarity on Apple Watch sales. Analysts, for the most part, remain […]

Aesthetics of art investing

|By Matein Khalid| As a student of investing and the son of a painter/art historian, I cherish art as a visceral, spiritual value but am also intrigued by its historical linkage to banking and the financial markets. The happiest moments of my life have been spent in the Prado, Tate, Hermitage, Rijksmuseum, Ufizi, MOMA, Met, the National Gallery on Trafalgar Square, the Louvre, Musee d’Orsay and so […]

Commodity rout deepens; gold tumbles

The rout in commodities deepened with prices touching the lowest since 2002 as the prospect of higher U.S. interest rates sent gold tumbling. Raw materials are losing favor with investors as the dollar gains amid signals from Federal Reserve Chair Janet Yellen that the central bank may raise rates this year on the back of an improving U.S. economy. Higher borrowing costs curb the attractiveness of commodities […]