The Trump administration is preparing to ignore any rulings by the World Trade Organisation that it sees as an affront to US sovereignty, according to a leaked report prepared by officials. The move would be a departure from US practice and a blow to the international watchdog’s credibility. The hard-hitting report, which was sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the […]
Wednesday 16:30 GMT Overview Wall Street surged to another record as comments from Federal Reserve officials caused traders to boost their bets for an increase in US interest rates this month and investors celebrated a more upbeat tone from Donald Trump in his first address to Congress. In keeping with he risk-on mood that washed across financial markets around the globe, the dollar also rose and gold […]
01 March 2017 The global Islamic financial community has recognized the innovative and development impact made by the Hashemite Kingdom of Jordan’s inaugural local currency Sukuk. At a lavish ceremony on February 28 2017 in Dubai, Jordan emerged as the winner of IFN “Sovereign Deal of the Year 2016” award. In addition to this global award, Jordan was a global runner-up for two award categories: “Ijarah & Sukuk […]
By Sijia Jiang | HONG KONG HONG KONG Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61 billion yuan ($8.87 […]
Wednesday 09:30 GMT Overview The dollar and government bond yields are jumping, and gold is falling, as hawkish comments from Federal Reserve officials cause traders to drastically shorten the odds of an increase in US interest rates this month. Meanwhile, US equity index futures point to another record on Wall Street, tracking gains in Europe and Asia, after Donald Trump addressed Congress for the first time, with […]
Sama Eyewear Fascinating history and timeless appeal aside, aviator sunglasses are arguably the most popular shape when it comes to classic or contemporary eyewear design. Additions to California-based Sama Eyewear’s spring/summer 2017 Combustion collection reinterpret the typical aviator to give it a decidedly feminine twist. This includes frames with larger lenses, jewelled finishes and an innovative butterfly-shaped lens with a raised temple. The laser-cut patterned temples in […]
By Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump on Tuesday reaffirmed support for the United States’ longstanding security alliances around the world but insisted that friends and partners from Europe to the Middle East to the Pacific must “pay their fair share of the cost.” In his first nationally televised speech to Congress since taking office on January 20, Trump sought to reassure allies still uneasy […]
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 […]
By Stephanie Nebehay and Joseph Sipalan | GENEVA/KUALA LUMPUR GENEVA/KUALA LUMPUR South Korea called for “collective measures” to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations […]
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 […]
By Thomas Escritt | AMSTERDAM AMSTERDAM Since the evening in 2004 when policemen arrived unannounced to escort him and his wife to safety, Geert Wilders has lived in safe houses under 24-hour guard to protect him from Islamist militants who threatened to kill him. Film-maker Theo van Gogh had been shot, stabbed and nearly beheaded by a militant Islamist earlier that day, and Wilders, another prominent critic […]
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. […]
Monday 08:50 GMT Overview European stock markets are making gains, tracking another set of record highs for Wall Street’s main equities gauges. The rally reaches the region even after Asia missed out, with banking and commodity stocks leading a sell-off there. Hot topic US equity futures are pointing to further gains after a late rally on Friday pushed the S&P 500 up 0.2 per cent while the […]
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 […]
By Joseph Sipalan and Noah Browning | KUALA LUMPUR/DUBAI KUALA LUMPUR/DUBAI Malaysia welcomed Saudi Arabia’s King Salman on Sunday for the start of a rare, month-long Asian tour, where the monarch will build ties and seek to draw more investments to the oil-rich gulf nation. The visit is the first by a Saudi king to Malaysia in more than a decade, as the Arab nation courts Asian […]
By Joseph Sipalan and Angie Teo | KUALA LUMPUR KUALA LUMPUR Malaysia on Sunday declared its international airport a “safe zone” after completing a sweep of the terminal where the estranged half-brother of North Korean leader Kim Jong Un was assaulted with a deadly chemical last week. Kim Jong Nam died on Feb. 13 after being smothered at the airport’s budget terminal with VX nerve agent, classified […]
Origami-inspired materials use folds in materials to embed powerful functionality. However, all that folding can be pretty labor intensive. Now, researchers are drawing material inspiration from another ancient Japanese paper craft — kirigami. (via WSJ)
Image credit: Arqiva Samsung Electronics says it will start the UK’s first 5G broadband network in central London, following earlier trials South Korea, China and Japan. In London, it will work with Arqiva, which is best known for DAB radio broadcasting. Arqiva has a licence to use the 28GHz spectrum across the UK, and will host a number of Samsung’s 5G base stations. Arqiva’s CEO, Simon Beresford-Wylie, […]
SoFi, the biggest and the brashest of a new breed of online lenders in the US, has sealed a $500m funding round, giving it firepower to push into new products and markets including Canada and Australia. The private San Francisco-based company last received a big shot of funds — its fifth — in September 2015, when SoftBank of Japan led a $1bn round, the biggest in the […]
Submitted by Jeremiah Johnson (nom de plume of retired Green Beret of the United States Army Special Forces) via SHTFPlan.com, As of this writing a tremendous number of things are happening in North Korea and Russia. Although these are not events that seem momentous, they are quite profound when taken into consideration with the grand scheme: the worldwide plot to form a state of global governance. These […]
By By Rozanna Latiff and Emily Chow, Reuters Feb 24, 2017 at 7:56 pm | Print View KUALA LUMPUR — VX nerve agent, a chemical the United Nations classifies as a weapon of mass destruction, was used to kill the estranged half-brother of North Korean leader Kim Jong Un in a bizarre murder in Malaysia last week, police said on Friday. Kim Jong Nam was killed on […]
The revelation that Kim Jong Nam was killed with the deadly nerve agent, VX, transforms a brutal piece of internecine political bloodletting into something with far broader implications. Although it denies responsibility, few doubt the North Korean regime is responsible — and is flashing signals to its enemies. “It is more than just killing someone,” said Patricia Lewis, research director at policy institute Chatham House. “This was […]
Saudi Arabia’s King Salman starts a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, is expected to visit Malaysia, Indonesia, Japan […]
RIYADH Saudi Arabia’s King Salman starts a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, is expected to visit Malaysia, Indonesia, […]
