Abu Dhabi investment firm Waha Capital is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country will rely less on oil and create more jobs for its citizens. Waha […]
Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]
Chu Jeong Woo and his tour group from South Korea were supposed to visit Britain’s Houses of Parliament on Thursday. But with the area cordoned off, they had to settle for selfies with the symbol of British democracy — and the scene of Wednesday’s lethal terror attack — as a backdrop. “Change in plans,” Mr Chu, a student, explained as many in his group snapped pictures of […]
The optimistic but eerie calm that had settled over the US stock market since the US election ended abruptly this week, as the longest streak of trading days without a 1 per cent decline in more than two decades finally snapped. Equities clawed back some of their losses on Wednesday but investors remain on edge. The post-election stock market rally has been largely powered by hopes the […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]
Authored by Robert Parry via The Strategic Culture Foundation, The Kagan family, America’s neoconservative aristocracy, has reemerged having recovered from the letdown over not gaining its expected influence from the election of Hillary Clinton and from its loss of official power at the start of the Trump presidency. Former Assistant Secretary of State for European Affairs Victoria Nuland, who pushed for the Ukraine coup and helped pick […]
By Yawen Chen and Ryan Woo | BEIJING BEIJING Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI, representing the six-month outlook of 96 firms, rebounded […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent — and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones […]
Nobel Prize-winning writers would almost certainly baulk at the faintest idea that they might work to a “mission statement”. But when St Lucian poet Derek Walcott wrote, “I seek/ As climate seeks its style, to write/ Verse crisp as sand, clear as sunlight/ Cold as the curled wave, ordinary/ As a tumbler of island water,” in his breakthrough 1962 collection In A Green Night, it served as […]
It has been known in biology for a long time that the excited oxygen molecule singlet oxygen is the main cause of aging in cells. To counter this, nature uses an enzyme called superoxide dismutase to eliminate superoxide as a free radical. Superoxide also occurs in cell respiration for energy production and is the preliminary stage and thus source of singlet oxygen. A study has now stumbled […]
Stefan Freunberger, beneficiary of an ERC Grant at TU Graz, investigates ageing processes in non-aqueous batteries. Credit: © Lunghammer – TU Graz It has been known in biology for a long time that the excited oxygen molecule singlet oxygen is the main cause of ageing in cells. To counter this, nature uses an enzyme called superoxide dismutase to eliminate superoxide as a free radical. Superoxide also occurs […]
Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creation since […]
The Quinns also were featured in “Capitol Gains,” the 2015 series produced by The Post and Courier and The Center for Public Integrity. That series explored how South Carolina’s loophole-ridden campaign finance system and ethics laws allow state lawmakers to use campaign war chests like personal ATM machines and profit from government connections. The Post and Courier reported this week that Statehouse probe investigators have obtained a copy […]
Despite another turbulent few days in British politics, the pound is ending the week on a firmer footing. Sterling brushed off the latest bout of Brexit nerves and further worries about a break-up of the UK, closing near $1.24 on Friday. Its revival was aided by a dovish Federal Reserve and a hawkish Bank of England. However, there are still plenty of currency-watchers who see further trouble […]
Despite the surge in interest and sales of modern data discovery tools like SAP BusinessObjects Lumira and SAP BusinessObjects Cloud, corporations are still really, really interested in reporting. At the recent Gartner Data & Analytics event in Texas, Cindi Howson showed that descriptive analytics remains by far the most common type of analysis that companies do in the real world. Last year, Gartner redefined the BI and […]
Given the collapse of European VIX to record lows, one could be forgiven for thinking that there’s nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning. #presitrack 17/03 MLP 28% (+1)EM 25% (=)FF 20% (+1)BH 12% (-1)JLM 11% (-1)@LesEchos@ORPI_France@radioclassique https://t.co/BSF2m8vxkw pic.twitter.com/icAEaopK7I — OpinionWay (@opinionway) March 17, 2017 […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
TOKYO Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit – a move that could stem losses. Toshiba’s failure to submit audited third-quarter earnings on Tuesday and its announcement of an expanded probe into Westinghouse also contributed to […]
The pound took a tumble on Tuesday after politicians paved the way for Article 50 to be triggered this month, leading analysts to warn that Brexit was still not priced in to the value of the UK currency. Sterling fell as much as 0.9 per cent in Tuesday morning trading to just above $1.21, its weakest level since Theresa May, prime minister, promised a parliamentary vote on […]
Moments ago, UK Parliament passed legislation giving prime minister Theresa May approval to start the Brexit process and allowing the government to invoke Article 50, with the House of Commons overturning amendments from the unelected House of Lords that sought to limit May’s room for maneuver. While press reports earlier said May could trigger Article 50 as early as Thursday, subsequent reports from Bloomberg suggested that she […]
Hopes for a new way to trade bitcoin were dealt a blow on Friday when US regulators rejected an application that would have let the Winklevoss twins launch an exchange traded fund tracking the digital currency. The Securities and Exchange Commission said it would not allow Bats Global Markets to list shares of the Winklevoss Bitcoin Trust based on concerns that “significant markets for bitcoin are unregulated”. […]
A Chinese property developer constructing a huge housing project in southern Malaysia has become the latest corporate victim of Beijing’s crackdown on capital flight. Country Garden has closed showrooms in mainland China for its flagship $100bn Forest City development in response to measures by Chinese regulators that have made it harder for individuals to move money out of the country. A slowing Chinese economy, rising US interest rates […]
Friday 06:00 GMT Overview Asian markets were broadly positive on Friday as South Korea’s president was formally impeached, while Treasuries remained under pressure ahead of the US jobs report that could fuel expectations the Federal Reserve will raise interest rates next week. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 20 points to 7,335 and Germany’s Dax to climb […]
Thursday 14:30 GMT Overview The euro is firmer and Bund yields are trundling higher with Treasuries after the European Central Bank stood pat on interest rates and indicated it was not looking to ease policy further. Oil prices tried to rally but have resumed their sell-off, putting energy stocks under pressure and weighing on equity benchmarks. Hot topic (1) After a period when politicians seemed to rule […]
