Rex Tillerson, US secretary of state, struck a conciliatory tone during a visit to Mexico, saying the neighbouring countries had an opportunity to upgrade their economic relationship. After meeting Mexican officials during his second mission as the top US diplomat, Mr Tillerson said the countries had agreed to “seize the opportunity to modernise and strengthen our trade and energy relationship”. His remarks came just after President Donald […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]
Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes. An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
Rob Garratt Hidden Figures Director: Theodore Melfi Stars: Taraji P Henson, Octavia Spencer, Janelle Monáe, Kevin Costner, Kirsten Dunst Three stars Hidden Figures is engaging, entertaining and enlightening – but by playing fast and loose with historical fact, it risks blunting some of the story’s eye-opening emotional force. This Oscar-nominated feel-good ensemble drama is already the highest-grossing film fronted by African-American actresses, with an international haul of […]
The documents’ detailed account of Mr. Awlaki, who stars in Mr. Abdulmutallab’s story as both a religious hero and a practical adviser on carrying out mayhem, is particularly important. The government allegation that Mr. Awlaki was behind the underwear bomb plot — never tested in a court of law — became the central justification that President Barack Obama cited for ordering the cleric’s killing in a drone […]
Thursday 05:25 GMT Overview Asian stocks fell, following their US counterparts lower as investors digested the minutes of the Federal Reserve’s January policy meeting. Hot topic The Fed’s minutes showed that “many” policymakers thought it would be appropriate to raise short-term US interest rates again “fairly soon”, even given potential uncertainty around the new Trump administration’s economic policies and possible tax cuts. The market view on rates […]
Please do not let this happen. I mean, it has to happen. Network technologies take years to develop, and are often planned a decade in advance. But 5G isn’t even baked yet. The 5G radio network won’t be properly specified until October 2018, and there’s a whole 5G standards plan called “IMT-2020,” which won’t be rolled out until 2020. We’re expecting 5G networks in the […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
Goldman Sachs, the last bank on Wall Street to handle significant physical volumes of oil and gas, has pushed back against a planned crackdown on combining finance with commodities trading. The institution warned the Federal Reserve to carefully weigh the effects on markets and companies as it sought to levy steep capital charges against a bank’s holdings of bulk materials. In its letter to the Fed dated […]
The shelves of Guillermo Lasso’s office are lined with books that inform his politics: Adam Smith’s The Wealth of Nations; The Denationalization of Money by Friedrich Hayek; a compendium of cases about free speech from the Inter-American Court of Human Rights. “A government cannot regulate freedom of expression,” the Ecuadorean conservative opposition leader told the Financial Times before Sunday’s presidential election, in which he won more than […]
By Amina Ismail and Arwa Gaballa | Al-GAMALIYA, Egypt Al-GAMALIYA, Egypt Thousands of mourners gathered in a small Egyptian town on Wednesday for the funeral of the Muslim cleric known as “the blind sheikh” who was convicted of conspiracy in the 1993 World Trade Center bombing in New York. Omar Abdel-Rahman, who was also convicted of planning a broader “war of urban terrorism” in the United States, […]
Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]
Submitted by Chris Hamilton via Econimica blog, I’m dazed & confused…economists and the consensus all acknowledge 2001 and 2007 were low interest rate, debt driven financial and economic bubbles. However, somehow today’s even lower interest rate environment resulting in an additional $9.5 trillion in equity valuation from the last bubble peak…this one is legit and isn’t a bubble??? What I’m even more confused about is who, exactly, is buying all the […]
Right to repair is back in the news because Apple is opposing a Nebraska bill that would require electronics companies like Apple to produce repair manuals and sell replacement parts. Apple only got involved because the bill—one of eight nationwide, according to Motherboard—threatens its software licenses. We saw a similar battle between farmers and John Deere, which asserted that ownership of John Deere equipment “does […]
By Emmanuel Jarry and Gérard Bon | PARIS PARIS Francois Bayrou, a centrist candidate in three past French presidential elections, was set to announce on Wednesday if he will run in this year’s race for the Elysee, a move that could erode support for independent Emmanuel Macron. Opinion pollsters give Bayrou single figure percentages in the April 23 first round of voting, and therefore only a tiny […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]
Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]
Conceived by legendary Egyptian writer Naguib Mahfouz as a single novel of about 1,500 pages, The Cairo Trilogy is a timeless work of modern Arab literature, with themes, characters and ideas that are familiar and ring true almost 60 years after it was published. “The Cairo Trilogy is a work on a par with Leo Tolstoy’s War and Peace and Thomas Mann’s Buddenbrooks,” says Dr Rasheed El […]
Qatar Gas Transport Co (Nakilat), one of the world’s largest shippers of liquefied natural gas, reported a 2.9 percent fall in annual net profit on Monday. Nakilat’s 2016 profit amounted to 955 million riyals ($262 million) versus 984 million riyals a year earlier. In the fourth quarter, profit fell to 207 million riyals from 226 million riyals a year earlier, according to Reuters calculations; QNB Financial Services […]
|By Arabian Post Staff| Saudi Arabian Oil Co may offer discounted shares of its record breaking IPO to Saudi nationals, Bloomberg reported quoting sources. It said the company has discussed methods to structure the sale so that retail investors in Saudi Arabia can buy shares for less than those buying on international exchanges. Aramco, as the company is known, is considering listing venues in the U.S., U.K. […]
Rising angst over the outcome of France’s presidential election sent the premium investors are demanding to own French debt instead of German bonds to a new post-eurozone crisis high. The gap between the yield on 10-year French debt and German equivalent bonds exceeded 0.81 percentage points for the first time since August 2012, as a fresh poll showing far right candidate Marine Le Pen is on course […]
