BUENOS AIRES Argentina and Britain agreed on a framework to identify the bodies of dozens of unknown Argentine soldiers buried on the disputed Falkland Islands, Argentina’s Foreign Ministry said in on Tuesday. The two countries, which went to war over the islands in 1982 and have had strained relations for decades, also agreed to try to increase the number of flights to the remote islands. Britain has […]
By Melissa Fares and David Lawder | WEST PALM BEACH, Fla./WASHINGTON WEST PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump plans to put his pick for Commerce Secretary, billionaire investor Wilbur Ross, in charge of his get-tough trade policy, a transition team spokesman said on Tuesday. It is a signal of how Trump, who is also interviewing candidates to be the U.S. Trade Representative (USTR), plans to elevate […]
Short takes and quick hits for the week of December 19-25, 2016. EFF launches “In defense of users” initiative with strong anti-Trump message Posted Dec 20, 2016, 12:30 PST The EFF isn’t pulling any punches in its new campaign The Electronic Frontier Foundation isn’t waiting for the Presidential inauguration on January 20, 2017, to express their opposition to incomping President Donald J. Trump. In a full-page ad […]
Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]
The “animal spirits” that Donald Trump’s incoming US administration may unleash would have more far-reaching consequences on the economy and financial markets than any specific stimulus package he delivers, according to Bridgewater’s Ray Dalio. Mr Dalio, the founder of the world’s largest hedge fund group, wrote that “if this administration can spark a virtuous cycle in which people can make money, the move out of cash (that […]
Via Dana Lyons’ Tumblr, A popular bond fund is hitting a key price level that may finally produce a long-awaited bounce. We talk often of the inexorable Trump Rally in stocks since the presidential election. That good fortune hasn’t befallen all other asset classes, however. For instance, the post-election reaction in the bond market has been nothing short of a blood-letting. Yields on the 30-year U.S. Treasury Bond […]
By Yeganeh Torbati | WASHINGTON WASHINGTON The United States on Tuesday blacklisted seven Russian businessmen and eight companies and government enterprises over Russia’s annexation of Crimea and the conflict in Ukraine, the U.S. Treasury said in a statement, moves Moscow called “hostile acts.” The sanctions come a month before U.S. President Barack Obama hands over power to President-elect Donald Trump, who has praised Russian President Vladimir Putin […]
Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”. Cambodian Prime Minister Hun Sen (L) and Prime Minister Nguyen Xuan Phuc During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen said his visit […]
BLOOVO.COM identifies key areas of regulatory focus to help SMEs take on job creation and national economic expansion role Dubai December 20th, 2016 With the oil price slump creating a USD 275 billion export shortfall for GCC countries, regional governments are prioritising economic diversification. Accelerating SME sector growth is an integral element of this economic strategy, says a new report by WWW.BLOOVO.COM . www.BLOOVO.COM’s research shows that SMEs […]
By Angus McDowall and Maria Tsvetkova | BEIRUT/MOSCOW BEIRUT/MOSCOW As President Bashar al-Assad’s army closed in on the last rebel enclave in Aleppo on Tuesday, Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal. The Syrian army used loudspeakers to broadcast warnings to insurgents that it was poised to enter their rapidly diminishing area during the day and told them to […]
The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs (GS.N), which was up about 1 percent, gave the biggest boost to the Dow. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than […]
Turkey’s lira, the second-worst performing currency of 2016, reverted to type with a bout of volatile trading after the country’s central bank kept interest rates unchanged. After strengthening by nearly 1 per cent ahead of the meeting, the lira came back under pressure and was trading at around TL3.54 to the dollar, although another bout of volatility subsequently pushed it higher in late London trading. Concerned about […]
Law Blog rounds up the morning’s legal news: Authorities allege $1 billion fraud at Platinum Partners: Top executives at the hedge-fund firm, including founder Mark Nordlicht, were arrested and charged with defrauding investors in one of the biggest such cases since Madoff’s Ponzi scheme. [WSJ, Bloomberg] Judge Persky cleared: A California judicial disciplinary panel found no grounds to sanction Santa Clara County Judge Aaron Persky over the six-month sentence […]
By Maria Tsvetkova and Peter Hobson | MOSCOW MOSCOW Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal after the three countries held talks in Moscow on Tuesday and adopted a declaration which set out the principles any agreement should adhere to. The countries made the announcement after Russian Foreign Minister Sergei Lavrov hosted talks with his Iranian and Turkish counterparts […]
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. It could be called the “NBC Very, Very Late Nightly News With Brian Williams.” Instead, it’s “The 11th Hour With Brian Williams” on MSNBC — a new show starring an old face who’s honorably doing what he does well in […]
It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]
BERLIN The Berlin police chief said on Tuesday it was not clear if the Pakistani man arrested after a deadly trunk rampage at a Christmas market was the driver of the vehicle. “As far as I know it is in fact uncertain whether that really was the driver,” said Berlin Police President Klaus Kandt. Berlin police said on Twitter that they were being vigilant as the suspect […]
ABU DHABI // Motorists will pay more for their car insurance from January 1 when new tariff rates are introduced and companies pass on the cost of ambulance services and courtesy cars to customers. New maximum and minimum premiums will be set for third-party and comprehensive policies, depending on vehicle type. The UAE Insurance Authority has issued a new vehicle insurance tariff system, on which premiums are […]
Photo Andrey G. Karlov, left, with President Vladimir V. Putin of Russia at Ataturk airport in Turkey in October. Credit Osman Orsal/Reuters Russia’s ambassador to Turkey, Andrey G. Karlov, was killed by a gunman on Monday in Ankara, the capital. Turkish officials said the killer had been a police officer who, after shooting, shouted: “Don’t forget Aleppo! Don’t forget Syria!” Russia’s Foreign Ministry called the assassination a […]
ABU DHABI // Iran’s nuclear deal and the republic’s support for militias across the region are some of the major threats GCC countries face, the head of an Abu Dhabi think-tank told the British Parliament. Dr Ahmed Al Hamli told the International Relations Committee this threat had led to a regional shift of power from legitimate states to illegitimate terrorist groups, weakening the region for the Islamic […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
To appreciate this inherent tension, consider Hillary Clinton’s words from the second presidential debate: “It is important for us as a policy not to say, as Donald has said, we’re going to ban people based on a religion. How do you do that? We are a country founded on religious freedom and liberty.” Here Clinton establishes a minimum standard of liberal decency that few American Jews would […]
The paperwork for the Opening Day Foundation listed four directors: Donald Trump Jr., Eric Trump, Dallas investor Gentry Beach and Tom Hicks Jr., the son of a Dallas billionaire. Beach and Hicks are reportedly close friends with Donald Trump Jr., and both men helped raise millions of dollars for Trump’s campaign. “The event is being put on by the Opening Day Foundation,” Kinzie confirmed, adding: “There are […]
