It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
(Image: file photo) The good news is developers are looking very closely at Linux’s core code for possible security holes. The bad news is they’re finding them. At least the best news is that they’re fixing them as soon as they’re uncovered. The latest three kernel vulnerabilities are designated CVE-2016-8655, CVE-2016-6480, and CVE-2016-6828. Of these, CVE-2016-8655 is the worst of the bunch. It enables local users, which […]
By Laila Bassam and Lisa Barrington | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT The Syrian army pressed an offensive in Aleppo on Friday with ground fighting and air strikes in an operation to retake all of the city’s rebel-held east that would bring victory in the civil war closer for President Bashar al-Assad. “The advance is going according to plan and is sometimes faster than expected,” a Syrian military […]
Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month. Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some […]
December is always marked by a run of fantastic journalism from news organizations across the United States. The flood of ambitious work nearly always coincides with the publication deadline for the Pulitzer Prizes (Dec. 31), as newsrooms gear up for journalism awards season. Here’s a quick look at some of the most ambitious journalism that’s been published recently. If you know of a great project that I […]
Sprint has apparently started a slow rollout of Rich Communication Services, or RCS, for select devices. RCS, for the uninitiated, is an upgraded SMS standard for improved text and multimedia sharing. The nearest RCS comparison would be iMessage, Apple’s proprietary messaging app between iDevices. The newest version of Google Messenger has now been found to display the option to enable “Enhanced Messaging,” but only for a number of […]
An upcoming deadline for a major derivatives market reform is “unrealistic” and authorities should consider whether the asset managers and banks most affected are ready, a top US regulator has warned. Christopher Giancarlo, the sole Republican of the three commissioners at the Commodity Futures Trading Commission, on Friday called on counterparts to prevent new rules due on March 1 from disrupting the global swaps market. His remarks, […]
Rupert Murdoch’s 21st Century Fox has agreed a deal to take full control of Sky in a move which values the UK media group at £18.5bn. The £10.75 a share cash offer represents a 40 per cent premium to the closing share price on December 6 – the last business day prior to the initial approach being received – and a 36 per cent premium on the […]
The European Central Bank’s supervisory arm has rejected a request from Rome to delay a private sector-led rescue for Monte dei Paschi di Siena, leaving Italy little option but to inject state funds and impose losses on creditors. MPS asked the ECB for an extra five weeks to pull off a last-ditch €5bn equity injection for the lender, which emerged as the weakest in the European bank […]
ZAMBOANGA CITY: Malaysian police forces clashed with suspected Abu Sayyaf rebels killing three of them off Semporna City in Sabah after they attacked at least two sea trawlers. The Malaysian media said police captured two more gunmen and rescued a fishing boat captain, believed to be a Filipino holding a special identity card. Another skipper, however, was abducted by the two gunmen who escaped at the height […]
Over 1,000 Russian athletes engaged in “unprecedented” systematic doping according to major findings from the World Anti-Doping Agency. Unveiling the second part of its report into drugs abuses, Wada’s chief investigator Richard McLaren said the findings confirmed “doping that took place in Russia on unprecedented scale” in summer and winter sports. “Over 1,000 Russian athletes can be identified as having benefited from manipulations to conceal positive doping […]
Good morning. Regrets laced with irony Glenn Beck is sorry. He really is. He swears. He’s sort of like Miss Otis in Cole Porter’s oft-recorded 1934 “Miss Otis Regrets” (I’ll take Bette Midler’s version). She “woke up and found that her dream of love was gone, madam.” And, them, “from under her velvet gown, she drew a gun and shot her lover down, madam.” In this case, […]
Investors made the biggest shift in more than three years into funds that help provide protection against rising interest rates ahead of next week’s meeting of Federal Reserve policymakers who are expected to increase overnight borrowing costs for the first time this year. Funds invested in leveraged loans attracted $1.7bn of inflows in the week to December 7 — the greatest weekly haul since 2013 — figures […]
December 9, 2016 by: Lauren Fedor and Katie Martin in London Irish fruit distributor Fyffes has agreed to a takeover by a subsidiary of Sumitomo, a deal that will value the London-listed company at €751m and allow the Japanese conglomerate to dramatically expand its European food business. The two companies said on Friday that Swordus Ireland Holding, a wholly-owned subsidiary of Sumitomo, would acquire the entire share […]
Friday 06:00 GMT Overview Markets across Asia were mostly higher as investors reflected on record highs for Wall Street and the European Central Bank’s decision to tweak its asset purchase programme. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will be flat at 6,932 and Germany’s Dax to add 7 points to 11,186. US index futures suggest the S&P 500 […]
Bayern, as ever, is in the vanguard. In recent years, it has become a commercial juggernaut. It rakes in more money from commercial activity than any other club in the world, apart from the Qatari-backed Paris Saint-Germain, and it has established satellite offices in New York and Shanghai to press its interests far from its home base in Bavaria. That success, and that reach, are sources of […]
Shares in casino operators took a tumble on Friday before recovering some poise, following a response from China’s UnionPay to a report that its daily withdrawal limit from ATMs in the gambling haven of Macau was to be halved as part of Beijing’s battle against capital flight from the mainland. China has moved in recent weeks to staunch capital gushing from the mainland, including tightening scrutiny of cross-border […]
The worst may soon be over for corporate borrowers from the battered US energy industry, according to S&P Global, as a flurry of debt sales suggests investors are confident the Opec supply cut will help put a floor under the oil price. While defaults of energy groups will continue into 2017, analysts with the credit rating agency say they are likely to level out next year and […]
Investors have valued Athene at about $7.4bn in a stock market launch of the US pensions provider, according to people familiar with the matter. Selling shareholders led by private equity house Apollo Global Management are set to raise $1.08bn as bankers handling the float prepare to price shares in the company at $40 apiece, the people said. That is the middle of a range of between $38 […]
Dropbox is often the choice solution for file storage in the cloud, but the problem is that as smartphones proliferate the market, widespread internet coverage is slow to follow suit, so accessing the cloud is not always an easy feat when physically moving from place to place. In this case, cloud-based file storage basically becomes useless on a smartphone. Dropbox previously enabled a solution for this by allowing […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
I don’t know if it’s an age thing, but when someone says Chevrolet Malibu, my grey matter automatically conjures up images of a 1968 Chevelle coupé with a burbling 350-cubic-inch V8. But what was reality in the Swinging 60s is no longer true, because the Malibu has had to evolve to survive. The modern-day Malibu has a four-cylinder motor sitting east-west across the engine bay. Said power […]
WASHINGTON U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov spoke by phone on Thursday about the situation in Aleppo and agreed to keep discussing a ceasefire to allow aid delivery and the departure of anyone who wants to leave the embattled city, the State Department said. The phone call was in addition to a brief meeting the two men had on Thursday on […]
For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]
