|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 […]
As the government leans more toward deregulation under the Donald Trump administration, AT&T seems poised to close a Time Warner takeover deal. Democrats in the U.S. Senate, however, could still prove to be its undoing. Benefit To The Public Recently, 13 of them led by senators Elizabeth Warren and Bernie Sanders declared that AT&T must issue a public interest statement by Feb. 17. This has to be […]
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 […]
January 26, 2017 by: Eric Platt and Joe Rennison in New York The combination of rebounding commodity prices and hopes for faster US economic growth under Donald Trump is helping some of the riskiest corporate borrowers secure cheaper financing and underlines investors’ growing stomach for risk. An expanding list of companies with a triple-C rating — deep within speculative territory — have been able to lock in […]
By Tulay Karadeniz | ANKARA ANKARA Turkey is waiting to see the outcome of U.S. President Donald Trump’s pledge to order safe zones in Syria, and has long advocated such a plan, Turkish foreign ministry spokesman Huseyin Muftuoglu said on Thursday. Trump said on Wednesday he “will absolutely do safe zones in Syria” for refugees fleeing violence. According to a document seen by Reuters, he is expected […]
Submitted by James Durso via RealClearDefense.com, Ukraine’s government has hired Washington lobbyists to fix its problems with the Trump Administration, but would do better to fix its internal problems, instead. Ukraine’s problems are in four categories: a structural problem caused by the multiple overlapping entities involved in military strategy and procurement; the absence of a unified strategic vision for ordering equipment and supplies; a “Fifth Column” of […]
WhatsApp provides end-to-end encryption, preventing eavesdroppers from reading messages. (Image: file photo) Americans “remain divided” on whether the government should be able to access their private encrypted messages, according to new research. Pew Research found in its latest report on cybersecurity that 46 percent of Americans would allow the government to access encrypted communications to investigate a crime, whereas 44 percent are in favor of encrypted apps […]
Some T-Mobile employees are claiming that the company encourages a predatory work culture with bill cramming and other fraudulent practices that take advantage of customers. Former and current T-Mobile workers have reached out to BGR to detail worrisome practices within the company. According to the employees, T-Mobile customers are getting more than they bargained for – and not in a good way. Back in December, a labor […]
Johnson & Johnson is to acquire Swiss biotechnology company Actelion for $30bn in a complex deal that will see Actelion’s founder heading a standalone spin-off research company based and listed in Switzerland. The world’s largest healthcare company is offering Actelion shareholders $280 per share in an all-cash offer — as well as shares in the new research and development company headed by Jean-Paul Clozel, the Swiss group’s […]
Photo Joy Reid Credit Stephen Voss for The New York Times A few weeks ago, you said the media should stop covering Donald Trump’s tweets in order to force him into giving a press conference. Now that we’ve seen one, did you find it useful? It wasn’t a press conference, and it wasn’t useful. It was a weird third-world pep rally. Trump could make a very fine […]
January 26, 2017 by: Peter Wells in Hong Kong Thursday 05.15 GMT Overview Market spirits are buoyant in Asia after the Dow Jones Industrial Average rose above 20,000 points for the first time. Hot topic The Dow Jones on Wednesday traded and closed above 20,000 points for the first time. A generally supportive earnings season has allowed Wall Street to continue its “Trump trade”, which began in […]
MANILA (Reuters) – The Philippines wants U.S. President Donald Trump to remove the exiled leader of Philippine communists from a U.S. terrorist list to enable him to come home for peace talks, government negotiators said on Wednesday. Maoist-led rebels have waged an insurgency against Philippine governments for nearly five decades and at least 40,000 people have been killed. But talks on ending the war have been revived […]
WASHINGTON: The US congresswoman who made a recent secret trip to war-torn Syria confirmed on Wednesday that she met there with President Bashar Assad as part of her effort to end the years-long conflict.House Democrat Tulsi Gabbard this month traveled to Damascus and the decimated city of Aleppo on a fact-finding mission, where she met with refugees, Syrian opposition leaders and relatives of fighters on both sides […]
Employees from more than a dozen U.S. government agencies have established a network of unofficial “rogue” Twitter feeds in defiance of what they see as attempts by President Donald Trump to muzzle federal climate change research and other science. Seizing on Trump’s favorite mode of discourse, scientists at the Environmental Protection Agency, NASA and other bureaus have privately launched Twitter accounts – borrowing names and logos of […]
WASHINGTON U.S. President Donald Trump said that illegal immigrants brought to the United States as children, known as “dreamers,” should not be worried about deportation. “They shouldn’t be very worried,” Trump said in an interview broadcast on ABC News on Wednesday. “I do have a big heart. We’re going to take care of everybody,” Trump said, adding: “Where you have great people that are here that have […]
It is difficult to understand why Donald Trump’s campaign promise to “make America great again” resounded so deeply with so many. True, the threat of terrorism, rising inequality and job-killing digitalisation have been breeding anxiety for some time. However, on most metrics the US economy has been doing just fine and certainly better than Europe. While the median US household’s real income still stands below peak of […]
While we are sure Mayors de Blasio (New York), Emanuel (Chicago), and Garcetti (LA) are compassionate men who want nothing more than to ensure the safety of illegal immigrants in their cities, we couldn’t help but notice that, following Trump’s decision to defund so-called Sanctuary cities, the sound and fury spewing forth from various municipalities today was perfectly correlated with the size of taxpayer-money they received from […]
By David Brunnstrom | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday nominated Philip Bilden, a former military intelligence officer and private equity executive with broad experience of Asia, particularly China, as the civilian head of the U.S. Navy. Trump has vowed to build up the U.S. Navy to 350 ships from the current 290, a move aides say is aimed at countering China’s rapid rise as […]
WASHINGTON President Donald Trump is expected to order the Pentagon and State Department to produce a plan in coming days for setting up “safe zones” for refugees in Syria and neighbouring countries, according to a document seen by Reuters, a move that could risk escalation of U.S. military involvement in Syria’s civil war. The draft executive order awaiting Trump’s signature signalled the new administration was preparing a […]
AT&T Inc (T.N), the No. 2 U.S. wireless carrier, reported quarterly results that matched analysts’ estimates, as it added more smartphone customers in a saturated wireless market, and said it was confident its deal to buy Time Warner Inc (TWX.N) would be approved. Thirteen Democratic senators on Wednesday asked AT&T to explain how its planned $85.4 billion takeover of Time Warner is in the public interest. In […]
Dennis Muilenburg, chief executive of Boeing, welcomed Donald Trump’s habit of individually targeting companies like the US aerospace and defence manufacturer for criticism via Twitter, praising the new president for “directly engaging” with corporate America. Rather than feeling bullied, Mr Muilenburg was effusive in his praise of the president’s social media strategy, as well as his economic plans including tax reform, saying he was giving business a […]
By Laila Kearney | NEW YORK NEW YORK George Orwell’s “1984” novel about a dystopian future under an authoritarian regime is back as a bestseller and being reprinted decades after it was written as readers grapple with Donald Trump administration’s defence of “alternative facts.” The book, first published in 1949, features a devious “Big Brother” government that spies on its citizens and forces them into “doublethink,” or […]
