By Liana B. Baker and Jessica DiNapoli U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter. The move sent shares of Iconix up more than 5 percent. It comes three months after U.S. insurance company MetLife […]
The two main investment priorities of the Kuwait Investment Authority (KIA) this year are technology and infrastructure, the sovereign wealth fund’s chairman Anas al-Saleh told Reuters on Monday. Saleh, who is also finance minister, said the KIA’s technology portfolio was small but growing. At the same time, it is cautious about valuations, he added. The KIA is one of the world’s biggest sovereign funds with assets estimated […]
Nick Thompson was on his way to the subway when he got an email from his boss, New Yorker Editor David Remnick. The subject line? “Morning piece.” It was 8:17 a.m. on Sept. 8, and Remnick had just watched libertarian presidential candidate Gary Johnson ask “what is Aleppo?” live on national television. “I wrote back and said, ‘great!’” said Thompson, the former digital editor at The New […]
31 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective 26 March 2017. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity increase underscores the […]
Dubai-based Majid Al Futtaim on Tuesday reported a 9 percent increase in group revenues to $8.14 billion (AED29.9bn) in 2016 compared to $7.43bn (AED27.3bn) in 2015. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 8 percent, reaching $1.11bn (AED4.1bn), driven by additional hypermarkets, supermarkets and family entertainment centres. Alain Bejjani, Majid Al Futtaim Holding CEO, said the company will continue on its growth trajectory in […]
The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump’s top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to “exploit the US and its EU partners“, the FT reported noting the comments are “likely to trigger alarm in Europe’s largest economy.” News of the statement sent the EURUSD spiking in the moments after its […]
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 […]
Australian rail freight company Aurizon has announced the termination of its Freight Management Transformation (FMT) project, contracted to SAP since 2014, resulting in an impairment charge of AU$64 million. The FMT project in 2014 attempted to bring 18 separate legacy systems used for logistics planning, scheduling, ordering, and billing into a single platform. However, following a review of the project, the Australian Securities Exchange (ASX)-listed company has […]
Investors, economists and strategists have begun to question their enthusiasm for Donald Trump’s new administration, following the president’s decision to block entry to the US from seven Muslim-majority countries. Mr Trump’s travel clampdown appeared to knock some of the confidence from markets, after stock indices reached record highs last week following speculation the new president will deliver faster economic growth and accelerating price rises — dubbed “Trumpflation”. […]
Indian Finance Minister Arun Jaitley is set to present the federal budget on Wednesday, when the government will reveal its plans to steer the economy out of a self-inflicted slowdown. New Delhi’s move in November to crack down on corruption and tax avoidance by voiding 86% of high-value bank notes slammed the brakes on economic activity and threatens to snatch away India’s coveted position as the world’s […]
BEIJING China’s second aircraft carrier is “taking shape” after two years and nine months of construction, local media reported, a move likely to further unnerve Taiwan and other neighbours about Beijing’s growing military assertiveness. Construction of The Shandong, named after a province in China’s east coast, began in 2014, the APP of Shandong television and radio said in a report seen on Tuesday. The Shandong, China’s first […]
Telstra has announced the launch of its gigabit-capable 4G mobile network in three capital cities throughout Australia, allowing users with compatible devices to attain speeds of up to 1Gbps amid promises that it will also upgrade its standard 4G network to 300Mbps speeds for 80 percent of its footprint by 2019. Already available at certain sites across Sydney, Melbourne, and Brisbane, Telstra said it would launch the […]
By Rodrigo Campos | NEW YORK NEW YORK Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president’s policies are not market-friendly. An executive order issued by Trump on Friday banned immigration from seven Muslim-majority countries, including legal residents and visa holders, […]
Microsoft was finalising plans to borrow at least $14bn Monday, in what will be the largest corporate bond sale of the year so far, as the US technology company joins a rush to tap debt markets ahead of expected interest rate rises later this year. The deal will rank as one of the largest ever corporate debt sales not to finance a takeover, and follows a bumper […]
By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]
Aberdeen Asset Management and Franklin Templeton Investments are among asset managers pushing Mexican authorities to overhaul two practices they say are harming investor confidence in a country that has been in global crosshairs since US president Donald Trump took office earlier this month. Cartica, a US-based asset manager focused on emerging markets, is leading a charge from the firms to push listed Mexican companies to give at […]
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 […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]
Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]
London Business School’s leading thinkers give us their views on the challenges and opportunities that businesses will encounter in 2017. Disruptive opportunities “2017 will be the year of disruption,” says Costas Markides, professor of strategy and entrepreneurship and executive education faculty director. “Every industry will be affected by some kind of discontinuity or disruption – whether it’s the invasion of new business models or the arrival of […]
GE Healthcare and its partner Advanced Technology Company to provide advanced diagnostic imaging and digital technology Aligned with the National Development Plan to modernize Kuwait’s healthcare infrastructure 30 January 2017 Kuwait City, Kuwait – A partnership between GE Healthcare and Advanced Technology Company (ATC) has been selected as the key medical technology provider for five new Ministry of Health hospitals in Kuwait as part of the Ministry’s […]
In response to the federal government’s draft guidelines for its Smart Cities and Suburbs Program, Smart Cities Council Australia New Zealand (SCCANZ) has called for greater clarity around what constitutes as “innovative” and for the government to present outcomes that are more tangible than “improving liveability”. The council, which launched in Australia and New Zealand mid-2016, insisted that greater “transparency”, “specificity”, and stronger wording is needed to […]
Abu Dhabi 29 January 2017 His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, may Allah protect him, issued, as Ruler of Abu Dhabi, a law concerning the Abu Dhabi Government’s financial system. The law seeks to set a comprehensive regulatory framework for public financial resources to guarantee that government work is conducted within an institutional framework with a high level of transparency and […]
Bahraini entrepreneur Mohamed Anwar Sheikhaldeen considers an opportunity to sell technology developed in Bahrain to Japanese clients among the major milestones achieved by EXA.iO, his Manama-based start-up which provides an affordable high-speed rendering service. Sheikhaldeen explains that EXA.iO, a cloud 3D processing service for architects, studios, interior designers and engineers to accelerate their 3D and VR processing workflows at a fraction of the cost, is the first […]
