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Blackstone-backed Invitation Homes began trading on Wednesday above its $20 a share initial public offering, as investors latched on to positive signals in the property rental market. The Dallas-based real estate investment trust, which allows investors to buy and sell shares in a company that owns single-family rental properties, raised $1.54bn from its IPO on Tuesday, the largest public offering since mid-2015, according to Bloomberg data. However, […]

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by […]

Millions of Indians are preparing to vote in the biggest test of public opinion since prime minister Narendra Modi announced the demonetisation of 500 and 1,000-rupee notes three months ago – a move which has plunged the country into an unprecedented cash crisis and sent the economy into a tailspin. Over the next four weeks, starting today, a series of regional elections will be held across India […]

By Sinead Carew and Jamie McGeever | NEW YORK/LONDON NEW YORK/LONDON U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers. The comments from Trump at the end of a White House meeting with pharmaceutical […]

Photo Refugees at the Ja’adah camp in Iraq. Children who are most in need of assistance come from Syria, Yemen, Iraq, Somalia and Sudan. Credit Sergey Ponomarev for The New York Times Children who are most in need of emergency international assistance come from five of the seven countries covered by President Trump’s order barring entry to the United States, according to a United Nations report. The […]

|By Tim Plenderleith| Who ever said ‘happily ever after’ was just the stuff of fairytales?   These days those words are written into the soles of Lionel Messi’s cleats. (Or at least, that’s the idea.) The “Sport Infinity” range by sports apparel company Adidas uses worn-out cleats and, by combining them with scrap materials from other industries, reimagines them into high quality new shoes. “The football boots […]

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by […]

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|By Arabian Post Staff| Dubai Holding yesterday confirmed that it will repay the entire outstanding principal, along with accrued interest, of its final and remaining GBP500 million bond, maturing today. According to an announcement filed with Nasdaq Dubai, this will be the last tranche of Dubai Holding Commercial Operations Group’s multi-currency, Medium-Term Notes Programme issued in 2007. The full repayment will be made from Dubai Holding’s internal […]

WASHINGTON The United States is “deeply concerned” with the spike in violence in eastern Ukraine, which has caused dozens of Ukrainian military and civilian casualties, the State Department said on Tuesday. “To avert a larger humanitarian crisis, we call for an immediate, sustained ceasefire and full and unfettered access for” monitoring, acting spokesman Mark Toner said in a statement. Ukraine and Russia blamed each other on Tuesday […]

MOSCOW The Russian Foreign Ministry urged Kiev on Tuesday to halt “armed provocations” in the rebel-held regions of eastern Ukraine, which it said was “on the verge of humanitarian and ecological catastrophe”. The comments were issued amid a flare up between government forces and rebels in eastern Ukraine where clashes led to the highest casualty toll in weeks. (Reporting by Vladimir Soldatkin; Editing by Janet Lawrence) ‘); […]

“It felt like something had been sawed off,” Charger said about her separation from Jasilea. She got so depressed she was moved to a psychiatric unit, where she often got into fights. She aged out of the system at 17, but when she returned to the ranch developments and trailer parks of Eagle Butte, she struggled with depression. She and Jasilea had gone “from knowing everything about […]

GENEVA The United Nations has restarted air drops of food to support 93,500 Syrians besieged by Islamic State in the city of Deir al-Zor, the U.N. World Food Programme said on Tuesday. Air drops were halted on Jan. 15 after Islamic State militants cut the besieged zone in two and overran the drop zone that had been used for 177 air drops since April. WFP spokeswoman Bettina […]

MOSCOW McDonald’s (MCD.N) plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit’s chief executive said on Tuesday. The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are company-owned, Khamzat Khasbulatov, head of McDonald’s Russia, told a news conference. Khasbulatov […]

Royal Dutch Shell has struck deals worth up to $4.7bn to sell offshore oil and gas assets in the North Sea and Thailand, adding momentum to the debt-reduction programme launched after its $50bn takeover of BG Group. The Anglo-Dutch group said on Tuesday it had agreed to sell a package of UK North Sea assets to Chrysaor, a small British company backed by EIG Partners, a US […]

In the past two months, the Islamic State has used more than 80 remotely piloted drones against Iraqi forces and their allies. About one-third of the aircraft, some as small as model airplanes, dropped bombs or were rigged with explosives to detonate on the ground, said Col. John L. Dorrian, the spokesman for the American-led operation against the Islamic State in Baghdad. Continue reading the main story […]

Twitter has a security problem — and businesses are paying the price for it. The official Twitter account of Indian airline IndiGo has been hit with a breach. The verified account, which previously had over 100,000 followers and several hundred thousands of tweets, now appears to be in possession of a user who goes by the handle @activevibezzz1.  Image: screengrab/twitter Earlier Tuesday morning, IndiGo’s Twitter handle was […]

Syrian armed forces appear to have retaken the contested Barada Valley area north of Damascus, the capital’s main source of water, signaling a possible end to a war-induced shortage that has left millions of inhabitants thirsty and dirty for six weeks. Syrian government news media reported on Monday that hundreds of rebel fighters and their families had evacuated the Barada Valley, under an agreement reached on Sunday. […]

President Donald Trump has attacked airlines, the media and Democrats over the protests and criticism of his administration that emerged over the way he executed a ban on people from seven Muslim-majority nations entering the US. In a series of tweets and comments at the White House, Mr Trump tried to shift the blame for the chaos that ensued after more than 100 refugees and migrants from […]

Mr. Faily has been directly affected by the order. Though he holds dual British and Iraqi citizenship, he said information he had received from the American Embassy in Baghdad indicated that he would not be allowed to travel to the United States in the coming weeks to participate in a long-planned conference, he said in a telephone interview from Iraq. Continue reading the main story The edict […]

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]

“Singapore companies are confident of their ability to detect a sophisticated cyber attack,” read an enthusiastic press release earlier this month. “80 percent of the Singapore respondents share that sentiment, surpassing the global average of 50 percent.” On face value, that sounds like a big thumbs-up for doing business in Singapore. But let’s dig down into this. First, though, some background. The press release was from the […]

By Simon Lewis and Wa Lone | YANGON YANGON Human rights group Amnesty International and a thinktank have urged Myanmar to investigate the apparent assassination of prominent Muslim lawyer Ko Ni, whose shooting at Yangon airport shocked the Southeast Asian nation. Sunday’s slaying, amid heightened communal and religious tension in Buddhist-majority Myanmar, appears to be a rare act of political violence in the commercial capital that coincided […]

TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged […]

One of the most thought-provoking installations at the current edition of the Kochi-Muziris Biennale in southern India is by French-Indian artist Chittrovanu Mazumdar. Spread out over four rooms, the interactive artwork invites the visitor to walk through dark tunnels and wider spaces featuring tangled wires, suspended lights inside metal bowls and boxes stuffed with metal and scraps. With time the key theme, the work is intended to […]

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