Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut. West Texas Intermediate decreased as much as 1.9 percent. Iran will focus on regaining oil sales it lost due to sanctions regardless of the impact on prices, Oil Minister Bijan Namdar Zanganeh said in Tehran Monday. U.S. crude […]
How long would it take to lose the novelty of driving through the Golden Gate Bridge every day? Click here for bigger version. If one would get tired of the view, would one start looking at the cars instead? What do you see, then and now? –Tigerstrypes References: http://rogerwilkerson.tumblr.com and https://en.wikipedia.org/wiki/Golden_Gate_Bridge Posted in Car Lust, Car Spotting, Convertibles, Economy Cars, Everyday Iron, Family Sedans, Luxury, Personal Luxury, […]
INTERNATIONAL. Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the BofA Merrill Lynch Fund Manager Survey for July. Overall, equity allocations are unaffected by the higher risk aversion, however. • Confidence in the global economy falls sharply: 42percent of investors expect strengthening over next year, down from 55 percent a month ago.• China heads concerns: […]
TEHRAN — “Happy nuclear deal” said Cyrus Razzaghi, a business consultant here, when he picked up the phone on Wednesday. Mr. Razzaghi has been trying to make a business of organizing seminars and meetings for European and American companies interested in Iran, but it had been a bit slow until now. Even though, technically, many of them could have done business here despite the sanctions, they feared […]
|By Matein Khalid| Last week was a roller coaster and the Nikkei Dow closed at 19,800. Abenomics has had a seismic impact on Japan’s economy, financial markets and banking system. The yen has fallen from 76 on the eve of the election in 2012 to 122 against the US dollar. Corporate profits have exploded. Land price rises, job growth, bonuses, capex and consumer spending have lifted Japan […]
DUBAI // Police have ended burglary sprees in which two gangs stole Dh15 million worth of jewellery and other goods from 36 homes around the UAE. Seven Colombians, a Mexican and an American were caught this month and accused of burgling houses in Jumeirah, Emirates Hills, Al Safa, Al Rashidiya and Arabian Ranches, and homes in other emirates. “The gangs would target homes whose residents were on […]
The White House is seen covered by snow in Washington February 21, 2015. Reuters/Yuri Gripas/Files WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation’s chief information officer told Reuters. “I think it’s a realistic chance, and I think this is true no matter where you go. […]
An employee stands in front of the Apple flagship store on 5th Avenue in New York April 22, 2015. Reuters/Brendan McDermid/Files WASHINGTON/SAN FRANCISCO U.S. government antitrust regulators are looking into claims about whether Apple’s treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources. Apple recently launched a new music streaming service, Apple Music. It also provides the App Store platform […]
A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on Friday. Weak crude oil and relatively high prices for gasoline, diesel and petrochemical feedstock have pushed up refining profits sharply over the last six months, helping oil companies cope with much lower profits from upstream production. In […]
|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”. So what? Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and […]
China’s biggest stock-market rout since 1992 has done nothing to erode the bullish outlook of Goldman Sachs Group Inc. Kinger Lau, the bank’s China strategist in Hong Kong, predicts the large-cap CSI 300 Index will rally 27 percent over the next 12 months as government support measures boost investor confidence and monetary easing spurs economic growth. Leveraged positions aren’t big enough to trigger a market collapse, Lau […]
INTERNATIONAL. Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk. It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5. The outlook for Q3, therefore hangs in the balance, […]
Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah and chairwoman of the Supreme Council for Family Affairs, has been named Golden Humanitarian Personality of the Year by the Watani Emarat Humanitarian Work Award. The award was given in recognition of her contribution to humanitarian work – locally and internationally – as well as her support for cancer patients and refugee children. “It is […]
The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March 5, 2015. Reuters/Jim Young Yelp Inc (YELP.N), operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. The company has had several interested suitors after which it hired Goldman Sachs Group Inc (GS.N) to help find a buyer, Bloomberg said on […]
Shares of the biggest U.S. banks fell, led by a 2.2 percent decline in Citigroup Inc., after talks to provide Greece with additional bailout aid failed and the Greek government imposed capital controls. The Standard & Poor’s 500 Financials Index slid as much as 1.1 percent, the biggest decline in almost seven weeks. JPMorgan Chase & Co., the largest U.S. bank by assets, dropped 1.9 percent and […]
Two freshly delivered Amazon boxes are seen on a counter in Golden, Colorado August 27, 2014. Reuters/Rick Wilking/Files CHICAGO Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the […]
Gold edged higher on Friday, recovering from its lowest in more than two weeks as Greece failed to reach an agreement with its international creditors, although gains were capped by expectations of a U.S. interest rate hike. Asian equities fell as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted as the […]
A construction site in Doha.Qatar has planned $200 billion in infrastructure spending. Qatar building boom a challenge for foreign firms DOHA, 10 hours, 44 minutes ago Qatar’s plans to splurge $200 billion on infrastructure as part of its 2030 development plan has lured foreign contractors to what promised to be big profits, but project delays and problems with contracts and bureaucracy have left many in difficulties and […]
Containers have quickly become crucial tools for rapid-scale application development, and a new project aims to protect their usefulness by establishing common standards for software containers. Among the companies joining forces for the Open Container Project announced today are Docker, Amazon Web Services, Cisco, EMC, Google, Microsoft and VMware. The Open Container Project will be run under the auspices of the Linux Foundation. Docker called the effort […]
Consumers are barely used to the Apple Watch, and already there’s discussion about what might be included with the next edition of the wearable. Media reports on Friday revealed details about a second-generation model that might sport a video camera and a new wireless system. The first Apple Watch was released just two months ago. The camera would be called the FaceTime Video Camera and would be […]
By JODI RUDOREN June 14, 2015 JERUSALEM — In a pre-emptive strike against a forthcoming United Nations report on the war last year between Israel and Palestinian militants in the Gaza Strip, Israel’s Foreign Ministry on Sunday issued a lengthy paper arguing that its troops adhered to international law and blaming the militants for most of the s civilian casualties in Gaza. Israel has refused to cooperate with the […]
Auto racing-inspired watchmaker Autodromo dug deep into historical minutiae for this limited edition chronograph. The design commemorates driver Brian Redman’s victory at the 1969 Nürburgring 1000 km race. Available in stainless or gold-plated steel, it is powered by a Seiko-made VK63 Chronograph Hybrid Meca-Quartz movement. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, […]
Crayon, LiveRoute partner to offer Microsoft cloud DUBAI, 3 days ago Crayon Middle East, part of Crayon Group, the global leaders in Software Asset Management (SAM), has announced LiveRoute, a Mideast-based cloud solutions provider as its Microsoft Office 365 deployment partner in the region. The collaboration with LiveRoute will secure clients an all-inclusive solution for Microsoft Cloud services starting from acquiring the right licenses to full deployment […]
Intel Corp (INTC.O) agreed to buy Altera Corp (ALTR.O) for $16.7 billion as the world’s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company’s programmable chips, which are used, among other things, to speed up […]
