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The United States on Monday labelled Venezuela’s vice-president an international drug trafficker, freezing millions of dollars worth of his US-based wealth as it accused him of facilitating multiple one-ton narcotics shipments to Mexico and the US from a Venezuelan air base and the country’s ports. The US Department of the Treasury formally designated Tareck El Aissami a drug kingpin for “playing a significant role in international narcotics […]

The value of stocks listed on the S&P 500 eclipsed $20tn on Monday for the first time, as investor optimism over faster US economic growth and stronger corporate profits propelled the Wall Street equity gauge deeper into record territory. The index, which tracks the largest American companies, has rallied by close to 25 per cent over the past year, pushing its market value $3.6tn higher, according to […]

TEL AVIV Israeli Prime Minister Benjamin Netanyahu sidestepped a question on whether he still supports the creation of a Palestinian state as he left for the United States on Monday on his first visit since President Donald Trump took office. Netanyahu has never publicly abandoned his conditional backing for Palestinian statehood, which he first stated in 2009, but Palestinians say that commitment has been rendered worthless by […]

MSNBC’s Brian Williams cut to the chase as soon as the Monday press conference between President Trump and Canadian Prime Minister Justin Trudeau ended. “The news out of this gathering is not anything either leader said,” Williams intoned. “It was exactly what wasn’t said because it wasn’t asked.” “There is no shortage of superb coverage coming out of this White House press corps,” he noted. But, alas, […]

Apple stock hit a new all-time high on Monday, driven by investor optimism about a coming iPhone sales “supercycle” and hopes that its $230bn in overseas cash might soon be put to greater use. It has taken two years for Apple to surpass its record closing price of $133 in February 2015, despite briefly breaking above that level during intraday trading at $134.54 in April of that […]

Optimism that the Trump administration is close to proposing a series of business-friendly tax reforms sent the main barometer for US small-cap stocks to a fresh high on Monday for the first time in more than two months. The Russell 2000 index, which tracks companies with market values of roughly $300m to $2bn, climbed as much as 0.7 per cent on Monday to 1,398.6, knocking out its […]

13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017  Advertisement SHUAA Capital today reports results […]

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February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]

February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]

The new Space Environment In-Situ Suite (SEISS) instrument onboard NOAA’s GOES-16 is working and successfully sending data back to Earth. (via WSJ)

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Major Garrett of CBS News is rising to the defense of the extravaganza that is the White House Correspondents’ Association Dinner — and he is nearly convincing. Garrett is a very good, no B.S. reporter who adeptly made the print-to-TV […]

Markets have started this week feeling much relieved, notes Bloomberg’s Richard Breslow, as the understandable fears that U.S.-Asia strategy might continue their lurch toward direct economic confrontation were given a respite. The phone call with Chinese President Xi went better than feared. And once the picture of the Japanese Prime Minister and American President high-fiving on the golf course was passed around, the sighs of relief were […]

Japan’s yen softened further in early Asian trade on Monday after the country reported slower than expected fourth-quarter growth. The yen slipped 0.8 per cent to ¥114 per dollar, its weakest since January 30, following the release of data showing gross domestic product for the three months to December grew 0.2 per cent quarter on quarter, coming in below estimates of 0.3 per cent growth. The currency […]

GENEVA A U.N. report on establishing a database of companies with business ties to Israeli settlements in the occupied West Bank has been delayed, the U.N. Human Rights Council said on Monday. Reuters reported on Friday that the politically sensitive report, due this month from the office of U.N. High Commissioner for Human Rights Zeid Ra’ad al-Hussein, was not ready. The council’s president, El Salvadoran ambassador Joaquin […]

Many of Prince’s most popular songs returned to digital streaming platforms as the music industry paid tribute to the late musician in a politically charged Grammy Awards ceremony on Sunday night.  Singer Adele, whose music is distributed by Sony Music, swept the biggest awards of the night, winning album, song and record of the year for 25, the best-selling album last year. She beat Beyoncé, who is […]

Copper prices in China rose as much as 7 per cent on Monday to their highest level in more than two years amid continued upward pressure from a strike at the world’s largest copper mine in Chile. The price of copper contracts on the Shanghai Futures Exchange leaped as high as Rmb50,300 ($7,306.79) per tonne in Monday Asia trading, the highest level since May 17, 2014. Workers […]

YANGON Myanmar is to investigate whether police have committed abuses against Rohingya Muslims, the government has said, after officials promised that allegations of atrocities against members of the Muslim minority would be looked into. The U.N. human rights office said in a report this month Myanmar’s security forces had committed mass killings and gang rapes of Rohingya Muslims and burned their villages since October in a campaign […]

If you’re a gamer who still cannot decide if you should buy a PS4 Slim or Pro, then this good news from Sony might help you resolve the issue. The PS4 sale is a limited-time offer. Let’s get into the details. Best PS4 Slim Deals Gamers who have been holding tight to their money might run out of reasons not to spend for a new game console. […]

China’s largest property developer Dalian Wanda Group has set its sights on banks in Europe, including Germany’s Postbank, as it diversifies away from its core real estate business. The Beijing-based group led by China’s richest man is actively looking at several European financial institutions, three people familiar with the matter said. Postbank — which has been put up for sale by Deutsche Bank — was among the […]

Monday 04:15 GMT Overview Equities climbed and the yen softened after Japan reported gross domestic product figures for the final quarter of 2016 that suggested any monetary policy settings will remain on hold for now. Hot topic Japan’s economy closed out 2016 with growth of 0.2 per cent in the fourth quarter, below estimates of 0.3 per cent despite a boost to exports from a weaker yen […]

Japan’s economy grew at an annualised pace of 1 per cent in the final quarter of 2016 as yen weakness spurred a pick-up in exports and business investment. The figure, which was broadly in line with analysts’ expectations for a 1.1 per cent rise, confirms Japan’s economy is back on track after a wobble last summer. Robust growth will reinforce the political popularity of Prime Minister Shinzo […]

The UK is set to import its first ever cargo of liquefied natural gas from Peru as a pricing dispute forces shipments to Europe, with growing supplies of the supercooled fuel carving out new export routes. Peru LNG loaded a vessel this week that has its destination listed as the UK, according to data on Lima-based Perupetro’s website. It is carrying about 61,146 metric tonnes of LNG. […]

There has been plenty of debate on the subject of arranged marriages in India, usually framed around the conflict between tradition and an ever-modernising society. It is a serious issue but Amit Roy’s latest film, Running Shaadi, addresses it by taking a light-hearted approach. It tells the story of Ram Bharose (Amit Sadh) and his friend Sarabjeet Sidhaana aka Cyberjeet (Arsh Bajwa), who set up a website […]

Photo Prime Minister Benjamin Netanyahu of Israel said on Sunday that he and President Trump “have known each other for years.” Credit Pool photo by Gali Tibbon JERUSALEM — As President Trump appeared to shift closer to the political center on several contentious policies on Israel, Prime Minister Benjamin Netanyahu suggested on Sunday that it was unrealistic to expect their two countries to agree completely on all […]

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