Link to Fitch Ratings’ Report: 2017 Outlook: Middle East and North Africa Sovereigns 01 December 2016 Fitch Ratings-Hong Kong-30 November 2016: Persistent low oil prices will maintain economic pressure on the oil exporters of MENA, which together with limited fiscal reform and political risk, lead to a Negative Outlook for the region in 2017, Fitch Ratings says in a new report. With three of the 12 MENA […]
By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]
Thursday 06:00 GMT Overview Markets across Asia saw a day of solid gains as oil continued to trade higher following Opec’s decision to cut output for the first time since the financial crisis and as Japanese stocks benefited from recent weakness in the yen. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will add 2 points to 6,785 and Germany’s […]
BEIJING China called on Wednesday on Taiwan to stay out of Hong Kong’s affairs, saying self-ruled Taiwan was “talking nonsense” about the former British colony and warning it not to damage Hong Kong’s stability. Chinese leaders are concerned about a fledgling independence movement in Hong Kong, which returned to mainland rule in 1997 with a promise of autonomy, and recent protests in the city. Beijing staged a […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
In late 2000, rumors about about a new personal transportation device that could change the way people got around started making the rounds. Steve Jobs initially said it could be “as big as the PC,” while John Doerr speculated that it would be more important than the Internet. So when the Segway was actually introduced in December 2001, anticipation was very high. But while it […]
By J.R. Wu | ITU ABA, South China Sea ITU ABA, South China Sea Taiwan held rescue drills on Tuesday off the coast of its sole outpost in the Spratly Islands of the South China Sea, but the biggest claimant in the disputed area kept uncharacteristically quiet. China and self-governed Taiwan seldom see eye to eye, but in responding to Taipei’s latest assertion of sovereignty over Itu […]
Tuesday 06:00 GMT Overview Markets across Asia were trading cautiously as Wall Street and the US dollar weakened overnight and the price of oil has pulled back. European bourses are expected to open a touch weaker, with spreadbetters predicting the UK’s FTSE 100 will slip about 10 points to 6,790 and Germany’s Dax to drop 20 points to 10,562. US index futures suggest the S&P 500 will […]
Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]
Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]
BEIJING China said on Monday it had lodged a protest with Singapore after Singaporean armoured troop carriers were seized by Hong Kong customs en route back from Taiwan, as a state-owned newspaper warned against Singapore’s “hypocrisy”. The nine troop carriers were impounded in Hong Kong last week, sparking a rebuke to Singapore from China’s foreign ministry about maintaining military ties with self-ruled Taiwan, which China considers a […]
TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on U.S. interest rates to rise. That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald […]
|By Arabian Post Staff|DP World, which already has a tie-up with Hyperloop One for conducting a feasibility study on moving containers from ships docked at DP World’s flagship Jebel Ali Port via the Hyperloop system to a new inland container depot in Dubai, is now keen to join China’s multi-trillion dollar One Belt One Road (OBOR) project. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem […]
When Ioan Gornic suddenly starts blasting out 1990s dance hit “No Limits”, the assembled group of about 20 European factory managers shift nervously in their seats and try to avoid eye contact. “Don’t worry, I’m not going to sing,” says the Shenzhen-based general manager for Zobele, an Italian maker of air freshener and insect repellent. “I just want to make the point that the only limits are […]
Etihad Airways has announced an expanded codeshare agreement with Hong Kong Airlines to give air travellers enhanced connections between Australasia, Asia, the Middle East, Europe and North America. The two airlines have obtained regulatory approval to codeshare on nine additional routes, bringing the total number of services in their codeshare agreement to 14, Etihad said in a statement. Under the expanded codeshare agreement, Hong Kong Airlines has […]
DUBAI, June 11 (Reuters) – Commercial Bank of Qatar is planning to meet fixed income investors for a potential benchmark dollar bond issue starting Thursday, a document from the leads showed. The lender, rated A1/A-/A by the international rating agencies, has mandated Bank of America Merrill Lynch, HSBC and Morgan Stanley to arrange the road show. The road shows will start in Singapore on Thursday, before moving […]
Ashley Lane rounds up the winter activities in destinations ranging from Monaco and Manila to Brazil and Antarctica. • Read this and more stories in Ultratravel magazine, out with The National on Thursday, November 24 newslide Monaco Though temperatures are lower than normal, heading to Monaco in December means fewer crowds and lower prices. There are also plenty of festivals and activities to keep visitors busy. Those […]
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 […]
The relentless rise of the dollar scorched emerging market currencies on Thursday, sending China’s renminbi to its weakest level in eight years, while India’s rupee plumbed a record low. Broad currency weakness against the dollar came as the bond market fully expects policy tightening by the Federal Reserve at its December meeting. Investors are also looking to next year and trying to gauge the extent of further […]
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 […]
By Shinichi Saoshiro | TOKYO TOKYO Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar’s bull run continued with U.S. bond yields propelled to multi-year highs. Japanese stocks swam against the tide and rose to a near 11-month high as the yen weakened. Spreadbetters saw a mixed opening for European stocks, forecasting a slightly […]
November 24, 2016 by: Yuan Yang in Beijing and Peter Wells in Hong Kong Ctrip International has agreed to pay £1.4bn ($1.7bn) for Skyscanner, the Scottish airfare comparison website, in move that will help the Chinese online travel group target the country’s booming outbound tourism industry. Some 120m Chinese tourists went abroad last year — more than double the number of 2010, according to the China Tourism Research […]
|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 […]
The overview Wednesday 2.20am GMT Asian equities continue to rally on Wednesday after Wall Street notched up another set of record highs overnight, while the US dollar is trading flat. Standout stories The Dow Jones Industrial Average deserves a mention for closing above 19,000 points for the first time, while its peer US stock indices again closed at record highs. Monday was the first time since 1999 […]
