By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
The recent report on Arctic sea ice levels underlines the grave impact of global warming on marine creatures that depend on the polar ice cap for survival. Rising temperatures in the far north give way to a rapidly reducing ice cover, and when the sea ice is threatened, so is the phytoplankton it sustains. Shrinking sea ice means the microscopic algae have less and less room to grow, and […]
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. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]
JERUSALEM Israel on Monday urged citizens vacationing in Egypt’s Sinai peninsula to leave immediately, saying the threat of attacks inspired by Islamic State and other jihadi groups was high. The advisory was issued ahead of the Passover holiday, when thousands of Israelis cross the land border with Egypt to visit resorts and beaches on the Sinai’s Red Sea coast. Israel’s Anti-Terrorism Directorate said its “Level 1” alert […]
Apple and Facebook are gearing up to challenge start-up Magic Leap and Microsoft’s HoloLens in the race to create a pair of augmented reality glasses that could one day replace the smartphone as consumers’ primary computing device. Apple is stepping up its efforts in AR eyewear, according to people with knowledge of its efforts, while Facebook is also researching the technology that can make what chief executive […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a patent owned by local manufacturer Shenzhen Baili, the South China Morning Post has reported. The Beijing Intellectual Property Office ruled last May that the tech giant violated design patents of the local device with its iPhone 6 and iPhone 6 Plus, and as a result was ordered to cease selling the smartphone in Beijing. […]
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]
In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]
The Australian government’s National Broadband Network (NBN) company is linking up rural residents to satellite services even where towns have existing fixed-line communications infrastructure, according to the Northern Territory government, which has also criticised the installation delays, service dropouts, and usage caps on the service. “The Australian government’s current position is that areas outside the major cities and towns, including all remote communities in the Northern Territory, […]
BEIRUT: US-backed Kurdish-Arab alliance on Sunday entered a military airport held by Daesh in northern Syria while the militant group warned the Tabqa dam is at imminent risk of collapse because of airstrikes and increased water levels.The advance by Syrian Democratic Forces (SDF) on Tabqa airbase comes as the alliance prepares an attack on Daesh’s de facto Syrian capital Raqqa, seeking to effectively surround the city before […]
China has eclipsed Singapore as the biggest source of investment in Malaysian real estate, as soaring domestic property prices push mainland investors to hunt for bargains abroad. Chinese groups have invested more than $2.1bn in Malaysian real estate over the past three years, compared with $985m invested by Singaporean companies between 2014 and 2016, according to figures from Real Capital Analytics based on completed transactions of $10m […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rate-hike bets) sending the short-end’s positioning to record highs. Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts (around $20 billion notional), but as is clear below, the net short – while the smallest since December 2nd […]
Anodot team Image: Supplied Business intelligence comes down to the ability to identify and analyse issues based on a series of variables. While data analysts are adept at identifying issues they have been trained to look for, it is just as important to account for the so-called “unknown unknowns” — the issues that analysts don’t know about or wouldn’t think about investigating — before they escalate into […]
By Jessica Toonkel and Jennifer Ablan U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly after electronic trading resumed on Sunday evening. Volume of more than […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
LONDON Police have arrested a 30-year-old man in the central English city of Birmingham in connection with last week’s attack on parliament, “on suspicion of preparation of terrorist acts”, the Metropolitan Police said on Sunday. The police said in a statement they had arrested 12 people since Wednesday’s attack when British born Khalid Masood killed four people and was himself shot dead. But nine had been released […]
Angela Merkel gained a surprise boost to her hopes of retaining power in September’s German parliamentary vote when her Christian Democrat party confounded pollsters with a big victory in a closely watched regional election. Her main challenger, the new Social Democrat leader Martin Schulz, suffered his first serious setback as the SPD failed to turn recent opinion poll gains into electoral success in the gritty industrial region of […]
ROME Humanitarian ships rescued almost 1,200 migrants who were crossing the Mediterranean Sea at the weekend on an array of small, tightly packed boats, Doctors Without Borders said on Sunday. A young woman was found unconscious on one of the vessels and later died, the group said. Some 412 people were crammed onto a single wooden boat, while the others were picked up from huge inflatable dinghies, […]
BELFAST Northern Ireland could be set for a fresh election or a return to direct British rule of the province after one of the two main parties negotiating to form a new government said on Sunday that talks had run their course without success. The British province’s nationalist and unionist parties have until Monday to form a new power-sharing government following snap elections this month or risk […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its iPhone6 and iPhone 6 Plus, and would be barred from selling those models. […]
Konrad Mizzi (left) is the fourth district’s frontrunner, followed by Chris Fearne (right). Konrad Mizzi is still the Labour Party’s frontrunner on the fourth electoral district despite his involvement in the Panama scandal, according to an internal survey conducted by other candidates on the district. As the battle heats up for Labour’s three safe seats in its stronghold, the survey, seen by this newspaper, shows Dr Mizzi […]
You may want to look up at the sky and observe a little more because the World Meteorological Organization just added 11 new clouds to the International Cloud Atlas, the world’s definitive guide and database for cloud classification. World Meteorological Day last March 23 also marks the publication of the new edition of the International Cloud Atlas. In this latest publication, the strange-looking, turbulent meteorological phenomenon asperitas is […]
