This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
By Joyce Lee | SEOUL SEOUL South Korean Prime Minister Hwang Kyo-ahn will begin getting official briefings from aides of President Park Geun-hye on Monday, having assumed presidential authority in a caretaker role following her impeachment by parliament last week. Hwang has sought to calm anxiety over national security and to reassure financial markets while Park’s presidency is held in limbo pending the outcome of a Constitutional […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
By Howard Schneider | WASHINGTON WASHINGTON The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end […]
HONG KONG, December 12 Hong Kong’s Financial Secretary John Tsang has resigned his post pending an announcement he will run for the city’s top job next March, Cable TV news reported on Monday. The resignation ends months of speculation on whether 65-year-old Tsang, currently topping popularity polls, wanted to run for Chief Executive of Hong Kong. It comes after unpopular incumbent Chief Executive Leung Chun-ying announced last […]
By Laila Bassam and Tom Perry | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT Syrian rebels have received a U.S.-backed proposal to leave Aleppo along with civilians under safe passage guaranteed by Russia, rebel officials said as government forces closed in on Sunday, but Moscow denied a deal had been reached. If the proposal were to be taken up by all sides, it would end four years of fighting in […]
Monday 02.15 GMT Overview Markets around Asia were mostly higher, buoyed by a surge in oil prices and following on from another set of records for Wall Street on Friday. Hot topic Ahead of the Federal Reserve’s policy meeting on Wednesday, government bond yields are hovering at their highest levels in months. Of note, the yield (which moves inversely to price) on the benchmark 10-year US Treasury […]
11 December 2016 Dubai-UAE – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a special gala dinner at the Ritz Carlton in Dubai International Financial Center (DIFC). Attended by guest […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking’s most aggressive easers – Kuroda’s Bank of Japan – may soon have to think about tightening for the first time since 2007. While it has […]
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners. Russia led the main oil producers from outside the Opec cartel, including Mexico and Kazakhstan, in a deal signed this weekend to reduce supply by 568,000 barrels a day — with Moscow, the […]
Al Ain-based Al Dahra Agriculture has announced that it has completed the acquisition of a majority stake in Australian feed processor Glenvar Hay. The purchase will lead to the formation of a new entity called Al Dahra Glenvar Hay Pty Limited, a statement said. Glenvar Hay has been producing a variety of quality feed products since 1925 and has an established sales network domestically in Australia and […]
Ryan Bouricius used the college’s 3D printers to make a functional prosthetic hand. Credit: Ithaca College With a 3-D printer and about $15, senior physics major Ryan Bouricius was able to create a functional prosthetic hand that can be used to grip, write and even catch a ball. With the assistance of a non-profit group, the hand will one day be matched to a person in need […]
By Laila Bassam and Suleiman Al-Khalidi | ALEPPO, Syria/AMMAN ALEPPO, Syria/AMMAN The Syrian army and its allies made new gains in Aleppo on Sunday, forcing rebels back into an ever shrinking pocket crammed with civilians, but lost control of the desert city of Palmyra to a swift Islamic State attack. Final victory in Aleppo, Syria’s biggest city before the civil war, would constitute the biggest triumph yet […]
It was a wild second half, made even wilder as the Eagles resorted to sideline tryouts for a new longsnapper after a series of injuries. Brent Celek, a tight end, was sent out for one attempt but his snap was fumbled by Donnie Jones resulting in a turnover on downs that Washington converted into a touchdown. Trey Burton, also a tight end, then got a shot and […]
Mobile computing in 2016 was quite literally explosive, but when you look beyond the schadenfreude of watching Samsung mishandle its defining crisis of the year, the past 12 months have hardly set the world alight. The best example of the current state of affairs is the Google Pixel XL. Technically, this is the best Android phone on the market at the moment. Its 5.5-inch AMOLED screen is […]
By Caren Bohan | WASHINGTON WASHINGTON U.S. President-elect Donald Trump questioned whether the United States had to be bound by its long-standing position that Taiwan is part of “one China” and brushed aside Beijing’s concerns about his decision to accept a phone call from Taiwan’s president. “I fully understand the ‘one China’ policy, but I don’t know why we have to be bound by a ‘one China’ […]
Casual observers of Indian cinema might be unaware of the reasons why Rekha, an actress who dominated Bollywood during the 1970s and 1980s, dropped out of the public eye and became a semi-recluse. She rarely grants interviews or attends show business events. The chance to see her in public last week, when she attended the opening of the 13th Dubai International Film Festival on Wednesday and collected […]
During the gradual rapprochement between the US and Muammer Gaddafi’s Libya in February 2007, Rex Tillerson visited the country and met its leader in his traditional tent. As chief executive of ExxonMobil, the world’s largest listed oil company, Mr Tillerson had an interest in opening up access to Libya’s vast reserves, but his visit was also a milestone in the progress towards normal relations with the US. […]
Qatar Rail has announced a major construction milestone with the completion of all viaducts across the elevated sections of Doha Metro project. The construction of viaducts included the northern and southern sections of the Red Line and a section of the Green Line. The installation of the final segment of the viaducts was celebrated near the Doha Golf Club, a statement said. Jassim Saif Ahmed Al Sulaiti, […]
Apple’s products are arguably very polarizing in terms of specs and value, with some opening that there’s no shortage of cheaper and more powerful alternatives eclipsing the Cupertino company’s products in the market. However, one thing people can all agree on, Apple or non-Apple fan, is that all its products are very fragile pieces of technology, often ending up looking like props from a Michael Bay film […]
Opec has won the backing of countries outside the oil cartel to join supply cuts for the first time since 2001, overcoming the final major obstacle for a global agreement to curb output. Russia, the biggest oil exporter outside the group, alongside 10 other countries such as Mexico, Oman and Azerbaijan on Saturday agreed to reduce their production by 558,000 barrels a day. A new geopolitical dynamic […]
By Ahmed Mohammed Hassan and Ali Abdelaty | CAIRO CAIRO A bombing at Cairo’s largest Coptic cathedral killed at least 25 people and wounded 49, many of them women and children attending Sunday mass, in the deadliest attack on Egypt’s Christian minority in years. The attack comes as President Abdel Fattah al-Sisi fights battles on several fronts. His economic reforms have angered the poor, a bloody crackdown […]
President-elect Donald Trump on Sunday rejected as “ridiculous” a CIA report that Russia had intervened in the presidential election in order to help him win. Mr Trump called the intelligence assessment, which rocked Washington this weekend, “just another excuse” for Hillary Clinton’s surprise loss. “I don’t believe it,” he told Fox News. The interview aired shortly after a bipartisan Senate quartet called for a congressional investigation of […]
