Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]
President Trump signs his first executive order in the redecorated Oval Office of the White House © AP Anti-Trump protestors confront police in Franklin Square, Washington DC, not far from the White House © EPA President and Mrs Trump walk a short part of the inaugural parade along Pennsylvania Avenue © AP President Trump’s limousine moves along the route of the inaugural parade flanked by security © […]
If you still think laptops are generic and the only difference between them are their price-tags, Dell invites you to think again. The latest Dell XPS 13 developer editon is everything a programmer could want from a high-end laptop. The latest Dell XPS 13 Developer Edition is the best of the best Linux laptops. (Image: CNET) You don’t have to believe me. Linus Torvalds himself picked out […]
Soyabeans and soya meal extended their gains this week, as heavy rain in Argentina’s key growing areas deepened fears over a disruption to production. In the first two weeks of the year, parts of the soyabean growing areas have suffered six months worth of precipitation, ruining the fields which had been seeded. Farmers had until this week to replant, but sustained rainfall has meant that the fields […]
British investigators have opened “fresh lines of inquiry” into bribery and corruption at several companies, thanks to evidence gathered in a four-year investigation into illegal behaviour at Rolls-Royce. Ben Morgan, joint head of bribery and corruption at the Serious Fraud Office, told the Financial Times that information collected on a network of corrupt middlemen operating on behalf of Rolls-Royce and other companies was being pieced together “not […]
Brexit’s impact on the UK economy weighed on sterling traders at the end of another turbulent week for the devalued currency following the publication of disappointing retail sales, sending the pound sharply lower. December’s seasonally adjusted sales, minus fuel, were 2 per cent lower than in November, the worst monthly decline in more than five years. The pound had begun the day higher, but the data reversed […]
[Most recent updates: January 19, 2017] As we enter 2017, Windows 10 is approaching its second birthday. In keeping with the operating system’s “Windows as a service” design philosophy, Windows 10 users will soon receive a third major update. That’s an unprecedented rate of change, especially if you’ve grown accustomed to upgrades that arrive every three years or so. If you have questions about installing (or reinstalling) […]
A new film that tries to marry Bollywood beats with Kung Fu moves is set to release next month. “Kung Fu Yoga,” which stars martial-arts legend Jackie Chan in the lead role and lesser known Bollywood actors Sonu Sood and Disha Patani is set for release on Feb. 3, according to the production company’s Facebook page. The film was supposed to be a full-fledged joint venture between […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
“Comeback is a good word, man,” noted the actor Mickey Rourke, after portraying a washed-up wrestler led to a career renaissance. Could 2017 be the year when stockpickers can say the same thing? The post-financial crisis environment has been unkind to active investing, especially in equities, with most portfolio managers unable to beat their benchmarks even before costs. That has accelerated the seismic investor shift towards cheap, […]
January 20, 2017 by: Jude Webber in Mexico City One the eve of Donald Trump’s inauguration, Mexico has extradited Joaquín “El Chapo” Guzmán, the country’s most powerful drug lord, to face trial in the US. Mr Guzmán, at one time credited with smuggling half of all the illicit drugs entering the US, twice escaped from maximum security jails in Mexico, most recently in 2015 through a tunnel […]
Friday 05.10 GMT Overview Equities markets were mixed in Asian trading on Friday as the dollar ceded ground to regional currencies and China reported on-target economic growth ahead of the inauguration of US President-elect Donald Trump. Hot topic The dollar index measuring the greenback against a basket of peers fell 0.2 per cent after a two-day winning streak left it 0.8 per cent higher at Thursday’s close. […]
By Kevin Yao and Elias Glenn | BEIJING BEIJING China’s economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent 2017. But Beijing’s decision to raise spending to meet its official growth target could exact a high price, as policymakers grapple with financial risks […]
Investor optimism faded in the week preceding the inauguration of Donald Trump as US president, with equity funds suffering their largest outflows since the surprise result of November’s election. Close to $2.5bn fled US equity funds in the week ending Wednesday, according to data from EPFR Global, extending outflows of $250m from the prior week and demonstrating that the investor demand that drove more than $60bn of […]
PARIS France will scale back preventive slaughtering of ducks to counter bird flu after the culling of 800,000 birds this month helped slow the spread of the disease in the southwest, the country’s agriculture minister said on Thursday. France resorted to a mass cull after the highly contagious H5N8 strain of bird flu started spreading among farms in the southwest, the country’s main production zone for the […]
Puerto Rico and its creditors have returned to the bargaining table this week as newly-elected governor Ricardo Rosselló seeks to reset negotiations after an acrimonious two years between the island and its bondholders. Mr Rosselló, who was elected in November last year to the US territory’s highest public office, said in an interview with the Financial Times on Thursday that he wanted to take a “philosophical shift” […]
Donald Trump has chosen Woody Johnson, the billionaire owner of the New York Jets American football team and veteran Republican political donor, as his ambassador to Britain. Speaking to Republicans at a lunch in Washington ahead of his inauguration on Friday, Mr Trump revealed that he had chosen the owner of the sports team as ambassador, as he kept his penchant for announcing appointments of his team […]
The Bank of England’s corporate bond buying plan has moved much faster than investors expected with the central bank surpassing half of its total target just five months after the programme was launched. Started in September as part of the central bank’s plan to cushion the economy from any fallout from the Brexit vote, the programme has seen the BoE buy £5.2bn of corporate bonds, according to […]
Steven Mnuchin, Donald Trump’s nominee to be Treasury secretary, clashed with Democrats over the business practices of the lender he once chaired, saying he had been wrongly accused of taking advantage of unfortunate borrowers and that he would work “tirelessly” to boost the economy and US hiring. The former banker told the Senate finance committee that he had been maligned and that OneWest, the bank, had extended 100,000 […]
By Elisabeth O’Leary | NORTH BERWICK/KIRKINTILLOCH, Scotland NORTH BERWICK/KIRKINTILLOCH, Scotland The Brexit vote has made a new referendum on Scottish independence more likely, says First Minister Nicola Sturgeon, but despite Scots’ misgivings about leaving the European Union there is no sign of increased enthusiasm for secession. Scotland rejected independence in 2014 by 55 to 45 percent, but circumstances have changed since then because Scots voted emphatically last […]
Brussels is seeking to defuse a regulatory time-bomb facing Europe’s pensions as the retirement industry warns that EU derivatives reforms scheduled for 2018 could cost savers billions. The European Commission is preparing legislation to amend regulations that are seen hurting pensions funds by forcing them to put aside higher amounts of money to satisfy derivatives rules. Trades such as swaps and other derivatives require support in the […]
Netflix certainly took its time before finally introducing offline viewing of its content and was clearly prodded by the feature’s availability in the Amazon Prime platform. Now, it is Hulu’s turn to play catch-up after the company announced that subscribers will also be able to download content in a few months’ time. Hulu Offline Viewing It is not yet clear what kind of work is entailed in offering the […]
January 19, 2017 by: Claire Jones in Frankfurt The European Central Bank has kept interest rates at record lows and the terms of its landmark quantitative easing package unchanged as its president prepares to field questions on an economic outlook full of threats. The bank’s governing council, meeting on Thursday in Frankfurt, left its benchmark main refinancing rate at zero. Its deposit rate, in effect a levy […]
Harris was initially pleased by this development. Top predators have long played an important role in nature. Wolves and cougars once put pressure on bison to keep moving over long ranges of land, and he says, “There was never overgrazing because the predators were behind the animals pushing them on, giving the land naturally a chance to rest.” Harris mimics that cycle of rotation and rest in […]
