January 4, 2017 by: Joe Rennison and Eric Platt in New York Wall Street’s debt engine started in record form at the start of 2017, as companies sought to lock in borrowing costs shortly before the inauguration of Donald Trump as US president raises hopes for faster growth and higher interest rates. Eleven companies and banks sold $19.9bn of debt in the US as global financial markets […]
ANKARA The identity of the gunman who killed 39 people in an attack on an Istanbul nightclub on New Year’s Day has been established, Foreign Minister Mevlut Cavusoglu said in a televised interview with the state-run Anadolu news agency on Wednesday. The gunman, who fled after the attack, remains at large. Anadolu has said some 20 people have been detained as part of the investigation into the […]
The opening of Quincy Jones’s first jazz club would be big news anywhere in the world, but in Dubai – a city without a discernible jazz scene or dedicated purist-pleasing venue – it is at once a massive vote of confidence and a brave stab in the dark from a man notoriously unafraid of risk. On the basis of my midweek visit to Q’s, the man is […]
Even as Theresa May prepares to make a long-awaited speech on her Brexit strategy, the prime minister is facing fresh claims that her government is turning a deaf ear to news and advice on Brexit it does not want to hear. Former civil servants expressed dismay at the resignation of Sir Ivan Rogers, Britain’s EU ambassador, on Tuesday, saying the UK was losing its best negotiators with […]
Wednesday 05:00 GMT Overview Data-fuelled optimism helped lift equities for a second day in Asia as Japanese investors cheered the weaker yen after the US dollar hit new 14-year highs. With few significant events on the regional calendar for Wednesday, it was left to overnight gains on Wall Street to set the tone Hot topic Is it too early to start talking about Friday’s US non-farm payrolls […]
East really does meet West in Zhang Yimou’s latest film, The Great Wall. An epic blockbuster in the grand tradition of the Hollywood monster movie, it plunders ancient Chinese mythology for a story set during the 11th century. The idea? That the country’s most famous landmark – the 21,196 km-long fortification that runs from Dangong to Lop Lake – was built to defend its inhabitants from ravenous beasts […]
Facebook founder Mark Zuckerberg is embarking on a tour of the US following Donald Trump’s election as president, in an attempt to understand how the country has been divided by the impact of globalisation and technology. The chief executive of the world’s largest social network has made it a personal challenge to have visited people in every state in the US by the end of the year, […]
Megyn Kelly is to leave Fox News for rival NBC, ending months of speculation over the future of one of the biggest stars in television news. As part of a multiyear deal, Ms Kelly will anchor a new weekday daytime show, a Sunday night news show, and contribute to breaking news and special events coverage, NBC said. The company did not disclose her new salary, although 21st […]
Starbucks has already established itself as the undisputed king of retail coffee chains. Now one Wall Street analyst thinks it can overtake McDonald’s as the world’s most valuable restaurant chain. The Seattle-based coffee chain’s shares fell 7.5 per cent last year, as investors warily eyed a deceleration in same-store sales from the first half to the second. The announcement last month that long-serving chief executive Howard Schultz […]
South Korean prosecutors are seeking to extradite from Denmark the daughter of Park Geun-hye’s “shaman adviser” for questioning over the corruption scandal that led last month to the president’s impeachment by parliament. Chung Yoo-ra, the 20-year-old daughter of Choi Soon-sil, was arrested on Sunday in the northern Danish city of Aalborg for staying there illegally. South Korea had asked Interpol to search for her. Ms Choi is […]
Banks and commodity companies set the pace as the FTSE 100 extended its run into record territory on Tuesday, taking the gains for the blue-chip index to 13 per cent since the UK voted for Brexit. Sentiment towards the FTSE 100 has brightened on optimism over bank earnings as bond yields rise, and on the support a stronger oil price is giving the commodities sector. “The FTSE […]
Britain’s ambassador to the EU has unexpectedly and abruptly resigned, just a few months before the UK is expected to start formal Brexit negotiations in which he would have played a crucial role. Sir Ivan Rogers told staff on Tuesday that he would be stepping down from his post early, leaving officials in shock at the loss of one of Britain’s most experienced EU negotiators. He did […]
Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]
Ummmm, spoiler alert? I guess? The great suspense surrounding the The New Celebrity Apprentice — whose new host is walking catchphrase Arnold Schwarzenegger (The Terminator, Terminator 2: Judgment Day, Terminator 3: Rise of the Machines, Terminator Genisys) — was what catchphrase he’d use while terminating people. Apparently the show’s executive producers decided that “You’re fired” had worn thin, and a lot of people thought “You’re terminated” would […]
Donald Trump is expected to tap a longtime advocate of greater protectionism as his US trade representative in yet another signal that his administration is poised to enact the aggressive trade policies he advocated during the campaign into government. Robert Lighthizer, whose impending nomination was reported by US media on Monday, has been seen as the favourite for the trade role for weeks and has been leading […]
BEIJING The Chinese capital was on the second-highest orange smog alert in the depth of winter on Tuesday as city officials said the air quality was improving overall, citing data for the whole of last year. Over the new year holiday, hundreds of flights were canceled and highways closed across northern China as average concentrations of small breathable particles known as PM2.5 soared above 500 micrograms per […]
Tesla is probably bracing itself for a deluge of last-minute customers after it announced that those who will purchase the company’s vehicles after Jan. 15 are no longer going to enjoy unlimited free access to its charging facilities. The new policy, when it was announced in November, states a Jan. 1 deadline. There is no reason given so far, but the two-week reprieve has given some consumers who […]
Funding activity for advertising technology start-ups has crashed to its lowest point in five years, underlining the struggle faced by the ad sector as Google and Facebookbecome dominant. Adtech, an umbrella term for companies that automate and facilitate the buying and selling of digital advertising, rose to prominence over the past five years, but appears now to be on the decline. The number of global adtech venture […]
Tuesday 05:05 GMT Overview Asian markets were in an upbeat mood in the first session for 2017, after a middling performance over the Christmas to New Year period during which Wall Street continued its retreat from recent record highs. Hot topic At the start of a new year, investors were wondering what the next 12 months would hold. Over the near term, one of the big issues […]
Venezuela has issued $5bn in new bonds to state-run Banco de Venezuela in a private placement, as it seeks cash for imports of food and medicine as the country struggles with critical shortages of basic goods. France-based Global Emerging Markets Group said it advised on structuring and executing the deal. The operation was underwritten by China’s Haitong Securities, according to two bond traders who had seen preliminary […]
Airbusand Boeingare bracing themselves for a challenging 2017 after struggling to reach sales targets in the past year. Later this month the two companies will reveal the final tally for last year’s orders and deliveries, but both look set to fall short of their goal of achieving a book to bill of about one — essentially replacing almost every aircraft delivery with a new order. This would […]
Turkish police have detained eight people in connection with the deadly shooting at an Istanbul nightclub after Isis claimed responsibility for the attack on a New Year’s Eve party that left 39 people dead and more than 65 wounded. Turkey’s state-run Anadolu news agency said the gunman, who went on the run after the attack, was not among the eight who were being questioned at Istanbul’s main […]
BP has opted out of the first wave of agreements to develop oil and gas reserves in Iran after the lifting of international sanctions — setting it apart from its two biggest European rivals Royal Dutch Shell and Total. Iran has struck a series of deals with foreign energy groups in recent weeks, including Total and Shell, and plans to award more contracts early in 2017 as […]
Image: Getty Images / mashable composite By Rachel Thompson2017-01-02 10:30:51 UTC LONDON — There’s no hiding place on Twitter when you’re president-elect of the United States. Your tweets, favourites and even the accounts you follow are under constant scrutiny. Especially when you start following an account dedicated to fluffy little kittens. That’s right. Donald Trump — soon to become the 45th president of the United States — […]
