By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan will push back firmly on any attempts by U.S. President Donald Trump’s administration to meddle with its independence on setting currency and monetary policies, say sources familiar with the deliberations in Tokyo. It was the first clear sign from Japan that Tokyo won’t allow Trump to dictate domestic economic policy, leaving room for potential tensions between the […]
The Australian Competition and Consumer Commission (ACCC) has made the final decision to continue regulating wholesale ADSL internet services for the next five years during the migration of customers onto the National Broadband Network (NBN), saying it will help promote competition against Telstra’s continuing dominance. The regulation of ADSL is designed to ensure any-to-any connectivity and the long-term interests of end users (LTIE), encourage the economically efficient […]
By Colin Packham and Aaron Bunch | SYDNEY SYDNEY U.S. immigration officials have postponed interviews with asylum seekers in an Australian camp on the Pacific island of Nauru since President Trump’s executive order on immigration, suggesting Washington is already blocking progress on a controversial refugee resettlement deal. The deal sparked a rare diplomatic spat between the two staunch allies, with Trump berating Australia’s prime minister in an […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
Employees select and dispatch items in the huge Amazon ‘fulfilment centre’ warehouse.Image: Getty Images/oli scarff By Patrick Kulp2017-02-03 04:33:17 UTC Amazon just had its best holiday season ever, pulling in the highest quarterly sales in the company’s history and capping off a year in which it tripled profits from the previous one. Wall Street greeted this news with a definitive “meh.” The online shopping behemoth’s stock fell […]
The UAE’s efforts to help eradicate polio in Pakistan “cannot be underestimated” and has played a significant role in the turnaround seen in the country since 2014, according to the World Health Organisation. WHO said in a statement that in 2016, fewer children were paralysed by polio than in any other year globally, and in Pakistan. Despite many challenges faced by the polio programme, Pakistan has made […]
There’s a whole lot of science — make that DNA changes — behind human height. A new large-scale international study has just found 83 new genetic variations that control height in humans. Of these, some influence adult height by over 2 centimeters or nearly 8/10 of an inch. This is an enormous discovery, according to researchers. “The genes affected by these genetic variations modulate, among other things, bone […]
Why haven’t more golfers breezed through the door that Geiberger cracked open? Why does there remain, as Phil Mickelson described it, “a Berlin Wall barrier” between a 60 and a 59? Geoff Ogilvy of Australia, a former United States Open champion, said: “Running is constant. A mile is always a mile, but every golf course is different, and the same golf course is different every day.” Ogilvy, […]
“96 million really wanting a job and they can’t get (it). You know that story. The real number — that’s the real number.” Donald Trump cited this highly misleading statistic in his first press conference after the election. It was a claim with scant evidence, but he said it anyway. But what if someone could stop a world leader during a speech and demand proof? It may […]
ORINOCA, Bolivia Bolivia on Thursday opened a $7 million museum dedicated to President Evo Morales and indigenous peoples in Morales’s birthplace of Orinoca high up in the deserts of the Bolivian antiplano. Morales ordered the museum to be built by decree shortly after he became Bolivia’s first indigenous president in 2006, creating a place to hold hundreds of his gifts as well as photos, videos and archaeological […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
ABU DHABI // Tensions between the UAE and Iran escalated on Thursday after the Iranian charge d’affaires was summoned by the Ministry of Foreign Affairs and International Cooperation. Dr Abdulrahim Al Awadi, the ministry’s assistant minister for legal affairs, handed him a note of protest on “Iran’s illegal provision of weapons to the coup militia against the legitimacy in Yemen”. “Iran’s move is in violation of United […]
Snap is trying to raise $3bn in an initial public offering that could be the largest US tech IPO in years, according to documents that provide the first glimpse inside the owner of the messaging app Snapchat. Evan Spiegel, 26-year-old co-founder and chief executive, will own a stake worth up to $5.5bn, if the company succeeds in its aim of going public with a valuation of up […]
The rouble turned volatile as investors made sense of a tweak by the Trump administration to part of the US sanctions on Russia. The currency moved 1.7 per cent higher, trading at an 18-month high of RUB58.547, before quickly giving up most of that rise and falling back below the RUB59 level as investors parsed the decision. The changes in the sanctions appeared to re-authorised certain technology […]
Panama Papers – How Has Guernsey RespondedMondaq News Alerts (registration)The simple reason for this is that for the past in excess of 20 years Guernsey has been taking active steps to minimise the risk of the types of shortcomings revealed by the Panama Papers happening in Guernsey. And we are continuing to do so. (via Google News)
02 February 2017 For years, mid-tier banks have been told they’re potentially heading for extinction The barbell effect dictates that the middle will be significantly challenged by an increasingly tough business environment, with only the very large and the very niche institutions being able to succeed. And indeed the outlook does look challenging, if one adds up the increased cost of regulatory compliance, the pressure on fees […]
Saudi Finance Minister Mohammed al-Jadaan said a government efficiency office created last year to review state projects has saved the kingdom 80 billion riyals ($21 billion) on costs, according to the ministry’s official Twitter account. Jadaan expects increased savings this year and in future years to have a positive impact on the kingdom’s finances and the ministry has set up a mechanism to reimburse contractors within 60 […]
A recently discovered solitary ice volcano on the dwarf planet Ceres may have some hidden older siblings, say scientists who have tested a likely way such mountains of icy rock — called cryovolcanoes — might disappear over millions of years. (via WSJ)
By Maria Carolina Marcello | BRASILIA BRASILIA The Supreme Court picked its newest member on Thursday to take over the investigations of politicians implicated in Brazil’s biggest-ever graft scandal, expected to shake the country’s establishment and government because of important new testimony. Court officials said Justice Edson Fachin was chosen by random electronic selection from among a group of five of the court’s 10 members and will […]
President Trump’s mocking tweets about the “failing” New York Times and its “dwindling” subscriber base miss the boost his election and early days in office are giving the company’s business. CEO Mark Thompson stopped short today of saying Trump was the cause of a record 276,000 net quarterly growth in digital subscriptions in the last quarter of 2016 and a continued surge this month, bringing the Times’s […]
The Bank of England upgraded UK growth forecasts significantly for the second time in six months on Thursday in the latest indication the central bank’s once-dire outlook for the economy after June’s Brexit vote has been proven overly pessimistic. The bank said it now predicts gross domestic product will grow 2 per cent this year, the same as last year and up from 1.4 per cent forecast […]
Nickel rose on Thursday, outpacing other industrial metals, as speculators rushed to close bearish bets after the Philippines pressed ahead with an environmental crackdown on domestic producers. Nickel for delivery in three months on the London Metal Exchange rose as much as $250 to $10,500 tonne after Manila ordered the permanent closure of mines that produce about 8 per cent of the world’s nickel supply. The metal […]
Analysis of a Martian meteorite found in Africa in 2012 has uncovered evidence of at least 2 billion years of volcanic activity on Mars. This confirms that some of the longest-lived volcanoes in the solar system may be found on the Red Planet. (via WSJ)
Why Frankfurt? The Frankfurt of common conception and the Frankfurt of reality are very different things. Before arrival it tends to be a hazy cross between a giant conference centre churning through huge trade shows and bank HQs in modern glass towers. There is something to this – there’s surely nowhere else in the world that comes down as far on the business side of the business […]
