The market reaction to Emmanuel Macron’s victory in the French presidential election has been muted so far, with investors having to a large extent anticipated the result. “The euro went up a bit, down a bit and ended pretty much where it was last week. Damp squib would be an overstatement,” as Kit Juckes at Société Générale put it. At pixel time, the euro was trading at […]
Emmanuel Macron’s triumph in the French presidential election nudged the euro to a six-month high against the dollar, with analysts and investors predicting that the result could spur a return of money to the eurozone. The euro inched up 0.1 per cent to $1.1021 in the hours after it became clear the centrist had beaten Marine Le Pen, before dipping 0.1 per cent to $1.0977 as Asian trading started. […]
Doha, Qatar – 7 May, 2017 Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, was awarded the Product Innovation Award under the Islamic Finance category from Global Finance. The award recognized QIB’s efforts in introducing innovative sharia compliant products that meet customers’ needs by providing them with long-term deposits with flexible profit payment options. The long-term deposits, with flexible profit payment options and higher expected yields, give […]
Phil Schiller, Apple’s senior vice president of worldwide marketing, mocked the Amazon Echo and Google Home devices before hinting that the rumored Siri-powered smart speaker will come with a display. With the shots fired and the hinted feature, Apple’s pending entry into the smart speaker market has suddenly become even more interesting. Schiller Fires Shots at Amazon Echo, Google Home In an interview with India’s Gadgets 360, Schiller […]
By Noah Barkin and Leigh Thomas | BERLIN/PARIS BERLIN/PARIS After a decade of slow growth, rising unemployment and dwindling competitiveness, France elected a president on Sunday who says he has a plan to pull the country out of its economic malaise. Emmanuel Macron, a former investment banker who quit the government of Francois Hollande twice out of frustration with the slow pace of reforms, is promising […]
In a week that started with big oil and US shale producers trumpeting their ability to thrive in a world of $50 a barrel crude, the market had a very quick response: let’s see if you can do it at $45. A brutal sell-off across commodity markets this week has quickly taken the shine off strong first-quarter results that would otherwise have been viewed as a triumph […]
Paraguay President, Horacio Cartes, has announced plans to open the country’s first commercial representative office in the UAE later this year, which will aim to boost trade and investment flows between the two countries. The announcement came during a recent meeting with a Dubai Chamber delegation in Asuncion, where he expressed his intention to build bridges between business communities on both sides. The meeting was held on […]
An eerie calm in capital markets is fuelling fears on Wall Street that a first-quarter rebound in trading revenues could prove a one-off. Big investment banks reported generally solid profits over the first three months of the year, as investors reset their portfolios to take account of higher base interest rates, and as companies front-loaded efforts to raise money. For all bar four of the top 14 […]
Bahrain-based Investcorp has announced that its US real estate arm has invested in an industrial portfolio of properties in the Chicago and Boston metropolitan areas for a total purchase price of about $160 million. The portfolio includes six properties with an aggregate of approximately 1.8 million square feet of warehouse and distribution space, the investment firm said in a statement. Yasser Bajsair, managing director at Investcorp in […]
By John Ruwitch | SHANGHAI SHANGHAI Organisers barred journalists on Sunday from a publicly advertised event in Shanghai to attract Chinese investment in a U.S. real estate project linked to the family of President Donald Trump’s son-in-law in exchange for immigrant visas. The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was […]
Monday UN focus on migrants The UN will meet in Geneva to address the “human rights of all migrants, social inclusion, cohesion and all forms of discrimination, including racism, xenophobia and intolerance”. Organisers say they are working towards an ambitious global policy on migration, an issue high on the political agenda after the Mediterranean migrants’ crisis and US President Donald Trump’s clampdown on migration into the US […]
By Ingrid Melander | PARIS PARIS After a tumultuous election campaign filled with scandal and surprises, the French public began to vote on Sunday on whether a pro-European Union centrist or an anti-EU, anti-immigration far-rightist will lead them for the next five years. Opinion polls indicate they will pick Emmanuel Macron, a 39-year-old ex-economy minister who wants to bridge the left-right divide, resisting an anti-establishment tide that […]
Invesco’s move to snap up Source, the London-based exchange traded fund provider, has thrust the US asset manager into the centre of an increasingly ferocious battle across Europe’s passive investment industry. European fund managers now face another formidable US competitor in addition to the existing heavyweights BlackRock and Vanguard, which are pursuing a cut-throat ETF price war as they expand their presence in Europe. Atlanta-based Invesco already […]
FRANKFURT Shareholder adviser Ivox Glass Lewis has called on Linde (LING.DE) investors to vote against signing off on the actions of its management and supervisory board due to problems in the handling of a planned merger with peer Praxair (PX.N). The all-share merger of equals would reunite a global industrial gases company that split in World War One and would create a market leader to rival Air […]
By Jonathan Stempel | OMAHA, Neb. OMAHA, Neb. Warren Buffett on Saturday faulted Wells Fargo & Co’s (WFC.N) previous management for failing to take action immediately upon learning that its employees were signing up customers for bogus accounts, causing a national scandal. Buffett spoke at the annual meeting of Berkshire Hathaway Inc (BRKa.N), which he chairs, and where he and Vice Chairman Charlie Munger are fielding five […]
Gold is once again losing its sparkle, poised for its biggest weekly decline since November. The precious metal is down 3.2 per cent over the week to $1,227.87 a troy ounce, after touching its lowest level in 7 weeks on Thursday. Gold is now set for its third consecutive week of declines. Diminishing demand for haven assets has been a key factor for declining gold prices, with […]
By Lawrence Delevingne | NEW YORK NEW YORK Paul Singer’s hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being distorted by years of economic stimulus. Singer, in an email to investors on Wednesday announcing the offering of up to […]
Event opens with xx regional and international exhibitors showcasing Egypt’s mega projects such as The New Capital of Egypt and New El Alamein City 06 May 2017 H.E Sultan Butti bin Mijrin, Director General of Dubai Land Department, and in the presence of H.E. Dr. Mustafa Madbouli, Minister of Housing, inaugurated the 2017 Egypt Property Show (EPS) today (Friday, May 5, 2017) in Dubai World Trade Centre, […]
May 6, 2017 by: Jeevan Vasagar in Singapore and Michael Peel in Bangkok Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The new terminal, with a capacity of 91m cubic metres, opens the prospect […]
Authored by Jim Quinn via The Burning Platform blog, In Part One of this article I detailed how propaganda has been utilized by the Deep State for decades to control the minds of the masses and allow those in control to reap the benefits of never ending war. In Part Two I will discuss recent events, false flags, and propaganda campaigns utilized by the Deep State to […]
Many corporate leaders love BYOD, telling employees “Bring Your Own Device” to work, and with good reason. When employees use the device they’re most comfortable with to get their work done, they get more done faster. They will work from home, during their commute, and most any time they feel the need to. Beyond getting more and better work from their employees, employers eliminate investments in computing […]
LIMA Peru’s national prosecutors office said on Friday it has opened an investigation into allegations of “crimes against humanity” related to the military’s fight against leftist guerrillas in the 1990s, in a case involving former President Ollanta Humala. The investigation comes as testimony from two new witnesses suggests that soldiers under Humala’s command at the Madre Mia military base tortured and murdered civilians. Humala was an army […]
A cyclone more than 9,000 miles away from Omaha, Nebraska, where more than 30,000 Berkshire Hathaway shareholders are gathered for an annual meeting they call the Woodstock of Capitalism, has put a slight damper on the festivities. Profits at Warren Buffett’s company fell 27 per cent in the first quarter to $4.06bn, or $2,469 per share, as the company’s insurance business paid out millions for claims related […]
North America, the UK, Germany and Australia remain the top property investment destination for UAE residents, according to a YouGov survey conducted by IP Global, the property investment firm. The survey results showed that when it comes to investing in property abroad, the US and Canada are the most popular markets among UAE citizens. Chicago and Los Angeles were highlighted as popular investment destinations in the US. […]
