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BOSTON BlackRock Inc(BLK.N), which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity. The move by BlackRock, a powerful force in Corporate America with $5.1 trillion under management, could bolster efforts like climate-risk disclosure practices developed by the Financial Stability […]

Stuart Gulliver has told the HSBC board he will quit as chief executive next year, making the search for his successor a priority for Mark Tucker, who has decided to leave Asian insurer AIA to become the bank’s chairman. The appointment of Mr Tucker was announced before the Hong Kong market opened on Monday by AIA and HSBC, which first approached the insurer’s president and chief executive last […]

March 13, 2017 by: Hudson Lockett in Hong Kong and Michael Hunter in London Monday 07:15 GMT What you need to know US West Texas Intermediate crude is at $48.33 a barrel, having fallen under $48 for the first time in more than three months. The pound is holding above $1.22 as speculation mounts that the UK government is poised to trigger Article 50 of the Lisbon […]

Stock photo The price of Bitcoin plummeted after the US Securities and Exchange Commission (SEC) denied a request to bring Bitcoin to the financial market, highlighting how the value of the virtual currency can change within minutes. In February, the virtual currency’s value reached an all-time high of over $1,300 with investors taking a punt on rumors SEC would allow the first Bitcoin ETF. An exchange-traded fund […]

SEOUL Ousted South Korean leader Park Geun-hye faced criticism on Monday over a defiant vow that the truth of her impeachment would be revealed, with the main opposition party urging prosecutors to investigate her quickly. The Constitutional Court dismissed Park from office on Friday when it upheld a parliamentary impeachment vote over an influence-peddling scandal that has shaken the political and business elite. Park has denied any […]

SEOUL Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. It closed the previous session down 1.6 percent at $51.37. U.S. West Texas Intermediate crude (WTI) CLc1 […]

By Mark Hosenball and Ayesha Rascoe | WASHINGTON WASHINGTON Two days before U.S. Attorney Preet Bharara was fired, President Donald Trump tried to call the high-profile New York prosecutor in what a White House official said was an effort to “thank him for his service and to wish him good luck.” But a U.S. law enforcement official said Bharara declined to take the call, placed on Thursday, […]

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The internet, while an amazing avenue for like-minded individuals communicating about a diverse range of topics, is fostered primarily on anonymity, which is rather unfortunate in the murky concept of virtual space. There are dangers that be as one descends the rabbit hole that is the online web, and people often find it best to remain nameless, and even faceless when going online. Twitter Bots As it […]

Latest study on brain activity of dead patients has suggested that brain activity continues even after the heart stops beating. As part of the research, one of the patients’ brains carried its activity for more than 10 minutes after the person was considered clinically dead. The brain activity was very similar to the one recorded from people who were engaged in deep sleep. The study, published in […]

Photo Ahmed Daqamseh, in sunglasses, was welcomed home in the village of Ibdir in northern Jordan after being released from prison, where he served 20 years. Credit Numan Alquzaa/European Pressphoto Agency The fragile treaty between the two former enemies was not even three years old when a Jordanian soldier went on a shooting rampage and killed seven Israeli schoolgirls visiting a park in a border area known […]

When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]

Speaker Paul Ryan on Sunday said he agrees with President Trump that 2018 will be a “bloodbath” for Republicans if Congress does not pass legislation repealing and replacing ObamaCare. “I do believe that if we don’t keep our word to the people who sent us here, yeah,” Ryan told CBS News’s “Face the Nation,” when asked if he agreed with Trump’s reported comments about the 2018 midterm […]

Tesla co-founder and CEO Elon Musk has been transitioning his company into the clean energy business and its name change in February only serves to highlight that idea. In fact, Musk is very keen on promoting solar energy as the best source of renewable energy and his enthusiasm and confidence seems to rub off on his colleagues. Lyndon Rive, vice president of energy products at Tesla, said in a […]

AMMAN: A Jordanian soldier who killed seven Israeli schoolgirls in 1997 was released on Sunday after serving 20 years in prison, his family said.“The authorities released Ahmad Dakamseh this Sunday around 1:00 am after he finished his jail term. He is now a free man,” his cousin Mohammed Yahya Dakamseh told AFP by phone.Ahmad Dakamseh was released from the Bab Al-Hawa prison in Irbid, 90 kilometers (60 […]

PARIS Francois Fillon’s party has apologised for tweeting a caricature of Emmanuel Macron, his main rival in the race to be France’s next president, that Fillon himself admitted was anti-Semitic. Fillon’s conservative The Republicans tweeted an image of the independent centrist Macron with a hooked nose, wearing a top hat and carrying a red sickle with which he was cutting a cigar. The image resembled anti-Semitic propaganda […]

Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]

Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group. Eldridge, which also owns magazines such as the Billboard and the Hollywood Reporter, said the affiliate terminated the agreement after Wanda failed to honor contractual obligations. In February, Reuters reported that Dalian Wanda’s […]

Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]

During my budding career, I have been fortunate to work with veteran journalists many years my senior. I was and continue to be grateful for their experience, insight and wisdom, dispensed frequently and with candor. Some of the most innovative journalists I know are also some of the most experienced. That’s because, to stay in this business through a punishing recession and unceasing technological disruption, they had […]

Hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers. The HFRI Women index has returned 4.4 per cent over the past five years, compared with a 4.2 per cent return for the HFRI Fund Weighted Composite index, a broader gauge of hedge funds across all […]

Indian Prime Minister Narendra Modi has led his Bharatiya Janata Party to a landslide victory in state elections in the bellwether state of Uttar Pradesh, an affirmation of his enduring popularity midway through his term. The Hindu nationalist BJP won 324 of 403 state assembly seats in India’s most populous state, a magnitude of victory not seen in state polls there since 1980. The decisive mandate 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. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]

By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]

SANA, Yemen — An airstrike by a military coalition led by Saudi Arabia on an open market in western Yemen killed at least 16 people, United Nations and local officials said Saturday. The attack late Friday hit a market selling khat, a mild stimulant common in Yemen, setting off a fire and leaving the dead and wounded scattered in the wreckage. هذة المجزرة ارتكبها اليوم #ال_سعود في […]

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