By Vikram Subhedar | LONDON LONDON The dollar extended its recovery against a basket of other currencies on Friday, while banks dragged European shares slightly lower following underwhelming results from Swiss major UBS. The two-day recovery comes after the dollar suffered a 4 percent drop in the three weeks from Jan. 3 reflecting doubts about how U.S. President Donald Trump’s policies will play out for the currency, […]
UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]
“Strange how in the Middle East making peace looks so similar to waging political war,” he lamented in an Op-Ed article in The New York Times in 1989. In 1986, Mr. Cohen was the catalyst for the first three clandestine sessions in Paris and Brussels between Israeli and Palestinian representatives, two from each side. Ostensibly, those talks were limited in scope to missing or captured soldiers, but […]
Friday 08:25 GMT Overview The US dollar is in the ascendancy as the currency once again benefits from hopes for a stronger US economy — optimism that also has helped push Wall Street to record levels. European bourses are mixed after a holiday-thinned Asian session. Commodities are muddled, with oil firmer but gold on the back foot. Hot topic The US dollar is in focus as it […]
New York City and President Donald Trump moved closer to a legal confrontation over immigration as the city’s mayor vowed to sue the Trump administration if it cuts off federal funding to “sanctuary” jurisdictions that shelter residents living in the country illegally. The escalating tensions follow Mr. Trump’s signing of an executive order Wednesday formalizing […] (via WSJ)
(Image: CBSNews.com) With the Trans-Pacific Partnership (TPP) having been dumped by new United States President Donald Trump on his first week in office, the question remains as to whether the remaining signatories will attempt to push through the deal by themselves or with China’s aid — or whether they will instead use a Chinese-led deal. The TPP, signed by its 12 member states in February 2016, was […]
MOSCOW Russian President Vladimir Putin and U.S. President Donald Trump are expected to hold their first phone call this Saturday, the TASS news agency cited Kremlin spokesman Dmitry Peskov as saying. The Kremlin has previously said it has no information for now about when the two men might have their first meeting. (Reporting by Polina Devitt; Editing by Andrew Osborn) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal […]
5942 25 by Shannon K. O’Neil January 26, 2017 Mexico’s President Enrique Pena Nieto (R) gestures as Mexico’s Interior Minister Miguel Angel Osorio Chong applauds during the XXXVIII Session of the National Council of Public Security at the National Palace in Mexico City, August 21, 2015. A Mexican government auditor on Friday exonerated Pena Nieto and his finance minister from any wrongdoing over purchases of homes from […]
Readers have had enough of the media not calling things by their names. Take Don Miller, of Littleton, Colorado, for example: Do you remain asea in ‘political correctness,’ or are you just being kind when you make reference to ‘whoppers’ and ‘falsehoods?’ A lie is a lie is a lie is a lie, intended to sway and/or influence the recipient, but still a lie. Mr. Miller’s email […]
The Doomsday Clock, an imaginary timepiece representing humanity’s proximity to apocalyptic destruction, has been reset to show that mankind is now just two and a half minutes away from doomsday. Humanity Moves 30 Seconds Closer To Global Catastrophe On Thursday, Jan. 26, the Bulletin of the Atomic Scientists, the group of scientists that maintain the Doomsday Clock, moved the clock’s minute hand 30 seconds closer to midnight, […]
The directive to identify new ways to hasten the demise of the Islamic State, also known as ISIS and ISIL, has been widely anticipated by military commanders, who have begun drafting classified options to increase the pressure on the militant group, especially in Raqqa and Mosul, the stronghold in Iraq. Continue reading the main story Work on the directive was described by several current and former officials […]
All three of President Donald Trump’s likely nominees to the U.S. Supreme Court appear to be millionaires, just like the majority of their potential colleagues already on the nation’s highest court and many of Trump’s other picks for senior positions. Those reportedly on Trump’s short list to fill a vacancy created by the death of Justice Antonin Scalia are all federal appellate judges: Judge Neil Gorsuch of […]
BEIRUT: The Trump administration’s expressed interest in setting up safe zones for civilians in Syria was greeted Thursday with caution by Russia and Turkey, who have taken the lead in the latest peace efforts to end the Mideast country’s devastating six-year war.Turkey said it had always supported the idea, but both Ankara and Moscow said such plans would require careful consideration while a senior European Union official […]
January 26, 2017 by: Adam Samson and Mamta Badkar in New York The Dow Jones industrial and transportation averages on Thursday both closed at new highs in a bullish signal for one of Wall Street’s oldest investment theories. The two US equity benchmarks, which date back to the 19th century, have not recorded highs one after another since December, after which the duo began to diverge as the Trump […]
MEXICO CITY Mexican mogul Carlos Slim, who was attacked by President Donald Trump during his election campaign but who later met with the U.S. leader in Florida, on Thursday called a press conference for Friday amid growing tensions between the two nations. The rare news conference, in which a spokesman said Slim would take reporters’ questions, comes as Mexico wrestles with Trump over the highly divisive proposition […]
ISTANBUL Turkey’s foreign ministry said Greece was protecting coup plotters and failing in the fight against terrorism after the Greek Supreme Court ruled on Thursday against the extradition of eight Turkish soldiers wanted over an attempted putsch. The Greek ruling appears politically motivated, is against international law, and breaches the rights of the victims of the July 15 coup attempt, the Turkish foreign ministry said in a […]
The Dow Jones Industrial Average stayed firmly above 20,000 on Thursday, after breaching the milestone a day earlier, while losses in tech stocks weighed on the S&P 500 and the Nasdaq Composite indexes. The S&P technology index’s .SPLRCT 0.47 fall led the decliners, weighed down by Qualcomm (QCOM.O) and Alphabet (GOOGL.O). Qualcomm fell 5.1 percent to $54.04 after the chipmaker reported a lower-than-expected rise in quarterly revenue. […]
Najib wants three ministries to boost cooperation for growth of national commodity industry Prime Minister Datuk Seri Najib Razak speaking during the monthly gathering of the Ministry of Finance attended by civil servants from various departments under the ministry in Putrajaya, January 26, 2017. — Bernama picKUALA LUMPUR, Jan 26 — Prime Minister Datuk Seri Najib Razak wants three ministries related to smallholders and commodities to boost […]
WASHINGTON U.S. President Donald Trump on Thursday said his Mexican counterpart Enrique Pena Nieto should cancel his upcoming visit to Washington if Mexico refuses to pay for a wall along the border. “The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers… of jobs and companies lost. If Mexico is unwilling to […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
If protectionism is about to be unleashed by Donald Trump on America’s closest trading partners, foreign exchange traders are acknowledging the threat in a funny old way. On Wednesday, when Mr Trump issued an executive order to build a wall on the Mexican border, the peso rallied more than 2 per cent. Since slumping to a record low of 22.03 pesos two weeks ago, the currency has […]
By Manuel Mogato | MANILA MANILA The Philippines has received intelligence that shows closer links between domestic militants and Islamic State, its defence minister said on Thursday, adding weight to worries that Middle East extremists are building a network in Southeast Asia. Intelligence from allies showed a leader of the Abu Sayyaf militant group, which has gained notoriety for piracy and kidnapping in the southern Philippines, was […]
Dozens of US exporters including GE and Boeing are squaring off against Walmart and other retailers as a radical Republican plan to tax imports divides the giants of corporate America. The rift in the business community threatens President Donald Trump’s pledge to overhaul the tax code for the first time in 30 years by undermining a blueprint that House Republicans are drafting for the White House. The […]
TOKYO A traditional Japanese doll modelled after U.S. President Donald Trump has raised eyebrows among some Tokyo shoppers ahead of “Girls Day”, a holiday meant to celebrate the health and happiness of girls. The Trump doll, clad in a gold and black kimono with a golden-haired head, was unveiled on Thursday by Kyugetsu Co Ltd, a maker of traditional “hina” dolls for the March 3 holiday. The […]
