|By Kalyani Shankar| The US election results have surprised many who were batting for the Democratic candidate Hillary Clinton. This is more so in India where many Indians felt Hillary would be good for India. She is known to many Indians because she was the First Lady for eight years, US Senator for another eight years, and Secretary of State for four and all the time she had […]
|By Arabian Post Staff|The gold price breached US$1,300/oz in the wake of Donald Trump’s victory, up from US$1,275/oz before the vote counting began. Gold price has increased, outperforming other assets, including other safe havens. The market is expeting short term volatility in the wake of the election result as it signals a major political and economic change. Gold trading volumes have risen sharply in Asia. Western markets, which […]
By Abhirup Roy | MUMBAI MUMBAI Ford Motor Co is investing 13 billion rupees ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services. Dearborn, Michigan-based Ford, which has already invested over $2 billion in India till date, will hire 3,000 people and bring in 9,000 from […]
Print newspapers may be disappearing like the home telephone, but not after Election Day. Remembering the frenzy for old-fashioned papers the morning after Barack Obama’s historic win in 2008, newspapers are printing extra copies and setting up temporary retail stands this year, regardless of whether the nation elects the first woman or reality TV star as president. The Los Angeles Times is also selling a commemorative printing-press […]
Gulfnews.com Republican candidate launches marathon final day of campaigning in attempt to win crucial votes U.S. Republican presidential nominee Donald Trump gestures as he speaks at a campaign rally in Raleigh, North Carolina. Raleigh, United States: Donald Trump launched a final marathon Monday as the wildest US presidential campaign in memory drew to a close, desperate to persuade Americans they would be better served by a political […]
This is the last in a daily series that explores how expats from around the world feel ahead of the US presidential election on November 8. We have spoken to people from Latin America, South Asia, Africa, Russia and East Asia and the MENA region. ABU DHABI // American expatriates voiced their preference for Democrat Hillary Clinton over Republican Donald Trump as one of the most acrimonious US […]
By THOMAS ERDBRINK November 5, 2016 TEHRAN — In the past, Iranians looking to mock the United States would burn cardboard effigies of Uncle Sam or Lady Liberty. But in recent months, as the American presidential election took a series of bizarre turns, Iranians seeking to make fun of the “Great Satan” have ditched the arts and crafts and simply switched on their TV sets. Iran’s state television, a […]
AT&T Trying To Buy Time Warner Inc. After its acquisition of satellite television service DirecTV, telephone giant AT&T Inc. might be setting its sights on an even bigger prize, Time Warner Inc. Bloomberg News reported Thursday afternoon that AT&T and Time Warner executives have engaged in preliminary talks about a potential merger or other partnerships. [Update: Friday evening, The Wall Street Journal reported that AT&T is in […]
|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
|By Arabian Post Staff| Saudi Arabia said it was holding investor meetings in London, Los Angeles, Boston and New York from Wednesday to sell benchmark bonds maturing in five, 10 and 30 years. The issue is expected to be at least $10 billion. “It’s very good timing,” Bloomberg quoted Angelo Rossetto, a trader at GMSA Investments Ltd. in London, as saying. “I wouldn’t say now or never as […]
Donald Trump, under attack by opponents as well as Republican politicians for crude remarks about women, doesn’t “have any clue about what’s going on in the world” and young Americans must vote to make sure he doesn’t get elected president, according to actor Robert De Niro. “I’m so angry because this fool” was allowed to get to this place in the contest, De Niro told reporters on […]
By MARK LANDLER September 30, 2016 WASHINGTON — When Bill Clinton took his place on Friday at Mount Herzl in Jerusalem for the state funeral of Shimon Peres, he was part of a tangled tableau: leaders from Israel and the United States who came together to mourn a giant of peace but who nurse their own political feuds and rivalries, stretching back two decades. Standing close to the former […]
|By Matein Khalid| The Federal Reserve did not disappoint the financial markets after Janet Yellen’s FOMC conference on Wednesday. The US central bank did not raise the overnight borrowing (or Fed Funds rate) to 0.5% on the eve of the November election. This triggered a wild rally in the US stock market with the Dow Jones up 163 points, gold up to $1342 and oil to $46 […]
|By Matein Khalid| When Ben Bernanke uttered the word “taper” in May 2013, he triggered a bloodbath in emerging markets and a free fall in “fragile five” currencies that included the Indian rupee and the Indonesian rupiah. However, Asian equities markets, while not immune to a Fed rate hike, are far better positioned for higher US dollar interest rates than in 2013, let alone 2007 or 1998. […]
President Obama arrived in New York City on Sunday evening for three days that will mix election-year politics with a farewell to the world stage at the United Nations. But the visit comes against a suddenly tense backdrop, after a powerful explosion rocked a Manhattan street and a man claiming fealty to the Islamic State stabbed several people in a Minnesota shopping mall. The president’s diplomatic schedule […]
|By Matein Khalid|I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S&P 500 index was set for a fall of 150 points. However, even I did not expect the S&P500 index to fall 52 points on Friday (the Dow dropped 394 points and NASDAQ 133 points), its worst performance since the Brexit shock. It was even […]
DUBAI // An American television network has been criticised by UAE residents after one of its anchors cited a report that Gems schools, based in Dubai, funded jihad. The comments, aired on a Fox Business Network show hosted by British-American Stuart Varney, were taken from a report from US political website The Daily Caller. Fox reiterated that the views were not that of the channel but of […]
WASHINGTON — A cash payment of $400 million delivered to Iran in January became part of the presidential campaign on Wednesday, as Donald J. Trump seized on the money transfer as a sign of what he called the administration’s failed foreign policy — prompting a forceful White House rejection. Josh Earnest, the White House press secretary, said the payment to Iran was part of the resolution of […]
|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]
Security experts regularly urge people to make their online accounts safer with two-factor authentication. Now Google has introduced new settings designed to make that easier for Google Apps administrators and users. By changing their Google sign-in and security settings, users can now opt for an alternative to the six-digit codes Google usually sends out to enable identity verification via mobile devices. Instead, Google Apps users can choose […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
Iran’s top leader said Friday that trusting or cooperating with the United States would be a big mistake, an assertion that seemed to rule out any greater collaboration despite the nuclear deal reached nearly a year ago. The statement by the leader, Ayatollah Ali Khamenei, made in a nationally televised speech, was the latest in a series of signals that Iran’s senior leadership was not likely to […]
SAN FRANCISCO Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. Omidyar, owner of The Intercept publisher First Look Media, is asking other media outlets to file legal briefs in support of Gawker, First Look said in a statement on […]
