A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate. Doha – Qatar, 28 February 2016 Barwa Bank convened its Annual General Meeting (AGM) on Monday the 27th of February 2017, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al […]
By Richa Naidu and Nandita Bose Target Corp (TGT.N) shares plunged on Tuesday after executives issued a full-year profit forecast that fell well below analyst estimates and said the retailer would lower prices to compete with deep-discounting rivals. Target at its investor day conference vowed aggressive promotions and said new brands and investments in technology and small stores will allow it to eventually win back market share. […]
Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]
With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]
Union Properties has achieved higher sales yields since launching the sales of OIA Residence due to this high-yielding investment opportunity. The project is located in the heart of MotorCity with a Modern Greek design. The architecture is inspired by white-painted houses synonymous of the Greek islands and OIA Residence named after a small town in the island of Santorini, Greece. UP commenced sales for OIA Residence, with […]
Dubai, United Arab Emirates, February 28, 2017 –(ME NewsWire) As per BNC Construction Analytics, with the recent announcement of new projects, the number of ongoing utility projects increased by 2% in January, 2017 as compared to December, 2016, even after considering the recent completion of 12 utility projects, that have a combined estimated value of around USD 87 million. As per BNC’s January 2017 Utilities Report there […]
WASHINGTON Feb 28 U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Tuesday in its second estimate for the fourth quarter, confirming the estimate published last month. Output increased at a 3.5 percent rate in the third […]
Tuesday 12:30 GMT Overview Global stocks are finishing a positive month on a mixed note as traders appear cautious about making fresh bold bets ahead of Donald Trump’s speech to a joint sitting of the US Congress later on Tuesday. The dollar is fairly steady, while gains for perceived haven assets such as Treasuries and the Japanese yen speak to the underlying tentative tone. Hot topic The […]
BEIJING China’s Foreign Ministry on Tuesday said it hoped U.S. defence spending would be beneficial to maintaining global peace and stability, after the White House proposed a 10 percent increase in military spending. The proposed rise in the Pentagon budget to $603 billion comes as the United States has wound down major wars in Iraq and Afghanistan and remains the world’s strongest military power. An official familiar […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged […]
On the verge of Donald Trump’s address to Congress, investors have sent the benchmark S&P 500 to record highs. Money managers awaiting word from the new US president on how he will accelerate growth are looking for a reason to maintain their enthusiasm, and for good reason — by a variety of metrics, US share prices are in rare territory. Here are five charts that make bulls […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged role […]
BEIJING China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year’s goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track. Under its new “prudent and neutral” policy, the People’s Bank of China (PBOC) has adopted a modest tightening bias in a bid to cool torrid credit expansion, though it is treading […]
The Australian government has told the Senate Economics References Committee that the Australian Bureau of Statistics (ABS) will subject its forthcoming policy and procedural changes to an independent Privacy Impact Assessment and “broad consultation” before implementing them in response to the 2016 Census debacle. One such change, however, will not include allowing citizens to omit their names from Census forms, with the government holding firm that it […]
SoftBank is leading efforts to consolidate the space technology sector with talks to merge OneWeb, the US satellite start-up it backs, with Intelsat, one of the world’s largest commercial satellite operators. Bonds sold by Intelsat surged on Monday after it was reported that the deeply indebted satellite operator was nearing a deal with SoftBank to merge with OneWeb, which raised $1.2bn from the Japanese group and other investors in December. […]
Chinese companies have borrowed more money from the international bond market than from domestic investors so far this year, breaking with tradition as authorities in Beijing focus on curbing capital outflows. Banks and other corporate borrowers have been quietly encouraged to raise money offshore in other currencies, limiting the need for Chinese companies to sell renminbi to finance overseas investments. Borrowing more outside the mainland also allows […]
The National Australia Bank (NAB) has announced the appointment of three executives on Tuesday, which includes former New South Wales Premier Mike Baird. Baird will join the bank in the capacity of chief customer officer, Corporate & Institutional Banking, after announcing his retirement from politics in January. Joining Baird at NAB is Patrick Wright, who leaves his tenure as global chief Operations & Technology at Barclays in […]
Gold’s almost 10 per cent advance this year will be in jeopardy should US president Donald Trump’s key address to Congress on Tuesday reignite the dollar rally and prospect for higher interest rates. The yellow metal has been one of the chief beneficiaries of the cooling this year of the so-called “Trumpflation” trade, which sent the dollar to a 13-year high in early January and helped buoy […]
The number of mobile phone users globally will top 5 bn by the middle of this year, according to a study The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released Monday by GSMA, the association of mobile operators. With populations in Asia, and notably India, on the rise, the number, which stood at 4.8 […]
French government debt has capped its best run since the aftermath of Britain’s vote for Brexit, underlining the rapid shift in investor sentiment towards the country’s presidential election which now looms over financial markets. The yield on the 10-year French bond dropped to its lowest in a month, as money managers and traders continued to take succour after centrist candidate Emmanuel Macron received the backing of potential […]
27 February 2017 Dubai, UAE: The global food industry needs to make fundamental shifts in its operations to advance food safety worldwide, the Global Halal Industry Platform held in Dubai today has heard. The Platform, organised by the Emirates Authority for Standardisation and Meteorogy (ESMA) and part of the educational programme of Gulfood, the world’s largest annual food event running at Dubai World Trade Centre (DWTC) until […]
The Nokia 6 will be available globally this year. Image: Nokia/HMD Global The MWC trade show in Barcelona is the event where the smartphone industry shows off its latest innovations. This year, however, one of the biggest stories from the show has a distinctly retro feel: the launch of a new range of Nokia smartphones. At MWC on Sunday, HMD Global announced the launch of three […]
In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position […]
By Eric Auchard | BARCELONA BARCELONA Nokia (NOKIA.HE) sees demand for higher speed 4G network equipment starting to recover this year, led by Japan, the company’s chief executive Rajeev Suri said on Sunday as he announced a series of contracts with telecom operators. Speaking at a news conference ahead of the Mobile World Congress in Barcelona, Suri also predicted a new wave of industry consolidation among telecom […]
