India’s $1.6tn stock market broke new ground last week, with the benchmark index hitting an all-time high as confidence builds that the government’s reform agenda will strengthen growth and corporate earnings. But the stock market’s 14.9 per cent rally since January 1 has divided opinion among fund managers who disagree over whether Indian equities can make further gains. “The most common question that I am asked by […]
BEIJING Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official said on Sunday. Yug Raj Pandey, an under secretary at Nepal’s Ministry of Finance, told Reuters the proposed 550 kilometre-long railway would connect China’s western Tibet […]
Emmanuel Macron will formally become French president on Sunday and will immediately be put to the test by challenges from choosing a prime minister to pressing Germany to back a tougher EU stance on trade and investment. Mr Macron, a 39-year-old Europhile pro-business centrist, is taking over a country on edge after an unpopular Socialist presidency and a rollercoaster campaign marked by the qualification of the far-right […]
Under the patronage of the Minister of Education and Higher Education HE Dr. Mohammad AL Fares Best Student Company of the year 2017′ went to” Youth Creation” for the University category and” Agrivage” for the High School category 13 May 2017 Kuwait – Under the patronage of the Minister of Education and Higher Education, HE Dr. Mohammad Al Fares, INJAZ-Kuwait successfully concluded its annual Company Program […]
ABU DHABI // Nuclear experts have proposed recommendations for governments on planning their use of energy sources. There is scepticism about the use of nuclear energy in some countries because of concerns about safety and security, said John Bernhard, a former Danish ambassador to the International Atomic Energy Agency. “A decisive element when introducing nuclear power or when increasing the use of it is, therefore, to take […]
A massive global cyber attack engulfed one in five NHS trusts as some hospitals continued to ask all but emergency patients to stay away amid uncertainty over whether some non-urgent operations and appointments would go ahead next week. However, UK government officials suggested no key data had been lost from the ransomware attacks. A total of 48 trusts were hit by the cyber attack on Friday afternoon, […]
Oman was cut to junk by S&P Global Ratings, which said a drop in crude could hamper exports from the largest Arab oil producer outside OPEC and jeopardize its finances. S&P lowered the Gulf state’s sovereign debt long-term rating to BB+, one level below investment grade, from BBB- and changed the outlook to negative, the New York-based firm said in a statement Friday. “The negative outlook reflects […]
Investors wiped $4.6bn from the market value of the US department store sector in the space of two days this week, as concern mounted about sliding sales and the effects of online competition. The consequences are spilling into the real estate and derivatives markets, and the latest bad news has intensified the focus on the sector ahead of more earnings reports from retail heavyweights next week. Five […]
Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past. Microwave tower located next to the NYSE in Mahwah, NJ. This article, however, is not about the familiar antennas off Route 17 in New Jersey. Instead, demonstrating to what lengths the high frequency traders will […]
· Masaken to open UAE branch to explore new investment and strategic partnership opportunities · Board of Directors decides to study available investment opportunities before increasing firm’s capital 13 May 2017 Abu Dhabi, UAE – The Board of Directors of Masaken for Land and Industrial Development Projects (Masaken Capital), a company listed in Amman stock exchange, held its third meeting in 2017 on Thursday, 11 May, […]
The Middle East’s first wellness destination resort will be developed in Qatar by Msheireb Properties, a subsidiary of Qatar Foundation for Education, Science and Community Development. The developer said Zulal Wellness Resort will bring “health wisdom from across the world together with traditional Arabic and Islamic wellness principles”. “The ‘luxeclusive’ concept delivers global luxury standards while preserving traditional family values to ensure every visitor’s needs are addressed,” […]
Romero Rodrigues Contributor Romero Rodrigues is a managing partner at Redpoint eVentures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor: Fintech is booming around the world. Global investments in fintech companies have continued to rise during the last two years. After international financing for fintech startups hit $19 billion in new funding rounds at the end of 2015, the volume […]
Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]
By Ben Blanchard | BEIJING BEIJING China welcomes all countries to participate in this weekend’s forum on China’s new Silk Road plan, the Foreign Ministry said on Saturday, after the United States warned China that North Korea’s attendance could affect other countries’ participation. Two sources with knowledge of the situation said the U.S. embassy in Beijing had submitted a diplomatic note to China’s foreign ministry, saying that […]
13 May 2017 Dubai – The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council for 2017 in its headquarter in the Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council, in the presence of HE Saeed Rashid Al Yateem, Assistant undersecretary of Resources and Budget […]
Technology and media confluence sets #AJTechSummit top trending on social media for two days May 11, 2017 – Doha, Qatar Held under the patronage of His Excellency Sheikh Hamad bin Thamer Al-Thani, Chairman of Al Jazeera Media Network, AJMN’s “Future of Media – Leaders’ Summit” concluded today at the Ritz Carlton Hotel in Doha. The Summit, the first of its kind in the region, prominent figures and […]
By Chris at www.CapitalistExploits.at What in God’s name is happening? It’s not a high. It’s a record high. Sweet mother of Mary… As we can see from the above chart courtesy of the FT, emerging markets sold a record amount of government debt in the first quarter of this year. More from the FT here: “Data from Dealogic, a research firm, show that sovereign bond sales from emerging markets rose […]
NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public in early March, in […]
Dana Gas profit nearly doubled in the first quarter as the UAE-based natural gas producer boosted output. Net income rose to 40 million dirhams ($11 million) from 22 million dirhams a year earlier, the company said Thursday in a statement to the Abu Dhabi stock exchange. Sales climbed 44 percent to 432 million dirhams. Dana Gas, which pumps most of its gas at fields in Egypt and […]
S&P Global Ratings on Friday lowered its long-term rating on Oman to BB+ from BBB- with a “negative” outlook, indicating the agency could further reduce its rating. The move to cut Oman’s credit rating below investment-grade status “reflects our view that the Omani government’s heightened external financing needs have resulted in the economy’s large net external asset position, (external assets exceeding external liabilities) declining to a level […]
Corning employees in Harrodsburg, Kentucky. Image via Apple. Apple announced Friday that glass supplier Corning will receive $200 million as part of the Cupertino tech giant’s $1 billion Advanced Manufacturing Fund. The fund was announced earlier this month as a way to support “a new era of technology-driven manufacturing in the US,” and Corning is the first beneficiary. Apple said the investment will go toward Corning’s research […]
May 12, 2017 by: Mark Robinson and Emma Powell, Investors Chronicle Shares in Anglo American have risen 84 per cent base-to-apex within the past 12 months, a reflection of improved commodity pricing combined with cumulative rationalisation measures. Earlier this year, it was announced that the miner’s chairman, Sir John Parker, had decided to call it a day after an eight-year tenure in which he oversaw the sale […]
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the US. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into US infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next week to coincide with Trump’s visit to the kingdom, said the people, […]
PARIS Emmanuel Macron’s visit to Berlin Monday, a day after his inauguration as French president, aims at stressing the importance of the relationship with Germany to relaunch the European project, an aide to Macron said, confirming the visit. “We want to work together on a few priorities: security, economy, investment and social protection,” the aide told Reuters on Friday. Like outgoing Socialist President Francois Hollande in 2012, […]
