It was reported this morning by Kevin Raber, publisher of Luminous Landscape and a medium format industry veteran, that Chinese drone maker DJI has acquired a majority share of iconic Swedish cameramaker Hasselblad. There hasn’t been an official announcement, but Raber says he confirmed the information with multiple sources. “We have no further news about DJI’s partnership with Hasselblad. We will continue to work together […]
After a near double-digit rally in US stocks since Donald Trump’s election victory, the question for investors is whether the outlook for corporate profits can begin to justify investors’ newfound optimism. Much of the rally has been underpinned by hopes that a Trump administration will boost corporate profits through lower corporate taxes, a more accommodative regulatory regime and a more confident US consumer. Corporate chief executives will […]
By Yashaswini Swamynathan U.S. stocks were little changed on Thursday as a drop in banks and discretionary stocks were offset by gains in technology names. Investors are also assessing a host of economic data including the ADP payrolls report, which showed that 153,000 jobs were added in the private sector in December compared with economists’ expectation of 170,000. The report sets a precedent to Friday’s nonfarm payrolls […]
After the legalization of marijuana in the states of Colorado and Washington, the perceived harmfulness seems to have decreased and leisure use of the drug is observed to have increased in the adolescent population of Washington. Marijuana Legalization Marijuana was legally recognized for recreational use for people over 18 years in 2012 in a few states including Colorado and Washington. Ever since legalization the impact of the move […]
January 4, 2017 by: Joe Rennison and Eric Platt in New York Wall Street’s debt engine started in record form at the start of 2017, as companies sought to lock in borrowing costs shortly before the inauguration of Donald Trump as US president raises hopes for faster growth and higher interest rates. Eleven companies and banks sold $19.9bn of debt in the US as global financial markets […]
Shenzhen and Hong Kong will partner on constructing a technology park in Lok Ma Chau Loop on their border after city authorities signed a memorandum of understanding for its development on Tuesday. The Hong Kong/Shenzhen Innovation and Technology Park, which will be around 1.2 million square metres in size, will enable companies to develop the fields of robotics, biomedicine, financial technology, and smart cities. It is being […]
04 January 2017 BBK has recently announced new appointments in its Executive Management as part of a re-organization plan recently approved by the Bank’s Board of Directors and the Central Bank of Bahrain. The new structure aims to foster the Bank’s three years strategy (2016-2018), in addition to achieving the future vision and expectations of the Bank’s shareholders and stakeholders. The new organization included the following appointments: […]
In one of the first signs that India’s crackdown on tax evaders is helping swell the government’s coffers, it this week lowered its borrowing plan by 4.2%. The government says it now plans to reduce the amount it borrows by 180 billion rupees ($2.64 billion). It had budgeted to borrow a net 4.25 trillion rupees in the current financial year. The Reserve Bank of India, which acts […]
|By Arabian Post Staff| French alternative investment firm Ardian is in talks to take a stake in Mubadala Development Co.’s $2 billion private equity portfolio, Bloomberg reported quoting sources. Bottom of Form Under the terms being discussed, according to Bloomberg, the Abu Dhabi sovereign fund would place the assets into a new vehicle, and Ardian would buy a 50 percent stake for about $1 billion. The French […]
SYDNEY The U.S. dollar crept nearer to 14-year peaks on Wednesday as an abundance of upbeat global economic data boosted Wall Street and signs of quickening inflation dented fixed-income debt. The strength of the U.S. currency pressured commodity prices and helped drag oil off an 18-month top, but gave Japan’s exporter-heavy stock market a fillip. The Nikkei climbed 2.1 percent, recovering from two sessions of losses as […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
Manama, 3rd January 2017 Amlak, the real estate investment arm and a wholly-owned subsidiary of the Social Insurance Organization (SIO), held a press conference to announce the latest projects undertaken by the company. “Amlak has taken steady steps towards prosperity by developing its growing portfolio. We are excited to announce our upcoming projects which will include a residential project and a number of multi-purpose projects, in addition […]
By Bernie Woodall and David Shepardson | FLAT ROCK, Mich./WASHINGTON FLAT ROCK, Mich./WASHINGTON Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan. The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat […]
Banks and commodity companies set the pace as the FTSE 100 extended its run into record territory on Tuesday, taking the gains for the blue-chip index to 13 per cent since the UK voted for Brexit. Sentiment towards the FTSE 100 has brightened on optimism over bank earnings as bond yields rise, and on the support a stronger oil price is giving the commodities sector. “The FTSE […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
Tapping into the potential of Islamic Economy for the East Africa Market: Kenya will host the 2nd edition of the East Africa Islamic Economy Summit (EAIES 2017) East Africa’s Islamic Economy Summit – Nairobi 2017 Tapping into the potential of Islamic Economy for the East Africa Market: Kenya will host the 2nd edition of the East Africa Islamic Economy Summit (EAIES 2017) LONDON, United Kingdom, January […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
A plan to significantly boost the 4G coverage in Brazil will be the bedrock of the new national broadband plan, to be launched by the government at the end of the first quarter of 2017. According to a statement released by the Ministry of Science, Technology, Innovation and Communications (MCTIC), boosting 4G is essential since the sheer size of the country and areas of low demographic density […]
Expats living in India are the third-highest paid in the world, according to a survey from HSBC. The average salary of foreigners living in India was $145,057, the poll of almost 27,000 expats in 100 countries showed. Highest paid were foreign workers in Switzerland who got an average salary of $188,275, followed by Hong Kong at $169,756. Like Switzerland and Hong Kong, India has a financial hub […]
03 January 2017 Dubai, UAE – HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received a high-level delegation from Kuwait National Petroleum Company (KNPC) at DEWA’s main office. The delegation was headed by Ahmad Al-Jemaz, Deputy Chief Executive Officer. The delegation included Dr. Suad Al-Radwan, Manager of Research & Technology at KNPC, Fahad Nouri, Manager of R&D at KNPC, Dr. […]
Dubai Investments has announced the start of construction of the AED3 billion ($820 milllion) Mirdif Hills project, being developed by its real estate subsidiary Dubai Investments Real Estate Company (DIRC). Mirdif Hills is a mixed-use residential, commercial and retail development spread across 3.9 million square feet and including 1,054 apartments, a four-star hotel, 128 serviced apartments and a 230-bed hospital. The groundbreaking ceremony was held in the […]
While 2016 was the year the unlikely became real, currency investors enter 2017 no better equipped to tell the difference between reality and illusion. Brexit and Trump made a mockery of assumptions, shredded investors’ best-laid plans and turned political risk analysts into the most in-demand advisers of the year. The two big themes of 2016 will feel palpable during the first quarter of 2017. Donald Trump takes […]
Qatar’s budget deficit is set to decline by 38.9 percent from $13bn (QR46.5bn) in 2016 to $7.8bn (QR28.4bn) in 2017 due to a rise in government revenues, according to an economic analysis by Qatar National Bank. However, capital spending is expected to increase in 2017 and remain as the main driver of economic growth in the coming years, revealed The Peninsula Qatar. The decision is aimed at […]
Seven months after the leak of 11.5 million documents from a law firm in an incident that has come to be known as the “Panama Papers”, the world is right to ask what has been done since to fight global tax evasion and promote financial transparency. As president of Panama, and in particular through my interactions with the international community, it is clear that the affair shined […]
