US stocks on Monday faced the heaviest sell-off since before the presidential election in the biggest reversal yet of the so-called Trump trade that has carried equities to record peaks. The S&P 500 index, a broad barometer of American stock performance, fell as much as 1.2 per cent in late-morning trading in New York. That represented the steepest intraday fall since November 1 and came after it […]
Microsoft was finalising plans to borrow at least $14bn Monday, in what will be the largest corporate bond sale of the year so far, as the US technology company joins a rush to tap debt markets ahead of expected interest rate rises later this year. The deal will rank as one of the largest ever corporate debt sales not to finance a takeover, and follows a bumper […]
By Lisa Lambert | WASHINGTON WASHINGTON House Republicans were set on Monday to begin the process of killing five Obama-era rules on corruption, the environment, labour and guns under the first real test of a law intended to keep regulation in check. Republicans put as much urgency on limiting what they consider overregulation that stifles economic growth as they do on overhauling the tax code and dismantling […]
By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]
Nusret Gökçe– aka ‘salt bae’ – is planning to open a restaurant in the UK capital and New York City. The Turkish restaurateur is currently enjoying his 15 minutes of fame after videos of him flamboyantly butchering and seasoning meat went viral. The videos, posted on Nusret’s Instagram, quickly spurred a host of memes that also went viral, and his image was then spray-painted onto walls in […]
DUBAI // The future of thousands of young people from Muslim countries at universities and colleges in the United States has been thrown into doubt by Donald Trump’s travel ban. More than 16,000 students from the seven banned countries are affected by the president’s executive order: 11,338 from Iran, 1,727 from Iraq, 1,578 from Libya, 792 from Syria, 516 from Yemen, 233 from Sudan and 32 from […]
President Donald Trump has attacked airlines, the media and Democrats over the protests and criticism of his administration that emerged over the way he executed a ban on people from seven Muslim-majority nations entering the US. In a series of tweets and comments at the White House, Mr Trump tried to shift the blame for the chaos that ensued after more than 100 refugees and migrants from […]
While Uber is dealing with fallout from its response to Trump’s Friday immigration order, when it tweeted it would pause surge pricing, which was taken as a form of “strike breaking,” whilst simultaneously profiting off the situation, and its actions were seen as seeking to grab market share from striking taxi drivers, leading to a #DeleteUber meme spreading across social networks, it has a more tangible problem […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained domestic demand that could spur faster economic growth in early 2017. There are also signs of inflation steadily firming. The strengthening economy, rising price pressures and a tightening labor market could allow the Federal Reserve to lift interest […]
Aberdeen Asset Management and Franklin Templeton Investments are among asset managers pushing Mexican authorities to overhaul two practices they say are harming investor confidence in a country that has been in global crosshairs since US president Donald Trump took office earlier this month. Cartica, a US-based asset manager focused on emerging markets, is leading a charge from the firms to push listed Mexican companies to give at […]
ATHENS A migrant was found dead on Monday in his tent on Greece’s Lesbos island, the third death there in a week, raising alarm about conditions in Greek camps. The man is believed to be about 20 and from Pakistan, a police official on the island said. His death at the island’s Moria camp follows those on Jan. 24 and Jan. 28 of a 22-year-old Egyptian man […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
©2017 National Public Radio, Inc. NPR report titled “What makes a good pitch? NPR editors weigh in” by Alison MacAdam as originally published on training.npr.org on January 27, 2017, and is used with the permission of NPR. Any unauthorized duplication is strictly prohibited. Pitching is hard. Every one of us has gotten excited about an idea, prepped it, pitched it … and been shot down. It’s disappointing […]
Vodafone is in talks about a merger of its Indian operations with rival Idea Cellular, a deal that would create a mobile network with around 370m users and form one of the largest telecoms companies in the world. The British mobile operator said in a statement on Monday that it was “in discussions” with Aditya Birla Group about an all-share deal. Vodafone shares rose more than 3 […]
Leaders in Iran and Iraq, two of the countries targeted by Mr. Trump’s order, issued furious denunciations on Sunday and vowed to take retaliatory measures. But the silence in the capitals of Muslim-majority countries unaffected by the order reflected a lack of solidarity and an enduring uncertainty about the direction that Mr. Trump’s foreign policy might take in some of the world’s most volatile corners. Continue reading […]
By Ed Cropley | ADDIS ABABA ADDIS ABABA The African Union is due to choose a new leader on Monday in a vote more likely to expose differences over the International Criminal Court and other issues than reaffirm the continent’s solidarity and common purpose. In a clear split, three of its four major regions – the south, the east and the largely Francophone west – are supporting […]
“Singapore companies are confident of their ability to detect a sophisticated cyber attack,” read an enthusiastic press release earlier this month. “80 percent of the Singapore respondents share that sentiment, surpassing the global average of 50 percent.” On face value, that sounds like a big thumbs-up for doing business in Singapore. But let’s dig down into this. First, though, some background. The press release was from the […]
This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana. Even before George Jetson entranced kids with his flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, some of them with deep pockets like Airbus, are working […]
TOKYO Toyota Motor Corp’s (7203.T) four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s (VOWG_p.DE). Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd (7205.T) truck brands rose 0.2 percent to 10.18 million last year from 2015. This was less than the 10.3 million sold […]
By Simon Lewis and Wa Lone | YANGON YANGON Human rights group Amnesty International and a thinktank have urged Myanmar to investigate the apparent assassination of prominent Muslim lawyer Ko Ni, whose shooting at Yangon airport shocked the Southeast Asian nation. Sunday’s slaying, amid heightened communal and religious tension in Buddhist-majority Myanmar, appears to be a rare act of political violence in the commercial capital that coincided […]
MANILA The Philippines police will disband anti-drugs units following the killing of a South Korean businessmen by rogue officers, but the country’s president vowed on Sunday to forge ahead with his war on drugs until the last day of his term. President Rodrigo Duterte said he was embarrassed that anti-drugs officers had abused their power to engage in kidnapping, leading to the death by strangulation of Jee […]
WASHINGTON/RIYADH Saudi Arabia’s King Salman, in a phone call on Sunday with U.S. President Donald Trump, agreed to support safe zones in Syria and Yemen, a White House statement said. Trump, during his presidential campaign last year, had called for Gulf states to pay for establishing safe zones to protect Syrian refugees. A statement after the phone call said the two leaders agreed on the importance of […]
President Donald Trump’s most far reaching action since taking office plunged America’s immigration system into chaos on Saturday, not only for refugees but for legal US residents who were turned away at airports and feared being stranded outside the country. Immigration lawyers and advocates worked through the night trying to help stranded travellers find a way back home. Lawyers in New York sued to block the order, […]
TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged […]
