Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders at a Brexit summit on Saturday will give a formal undertaking to embrace the British province of Northern Ireland in the EU if a referendum unites the island, diplomats said on Friday. Irish Prime Minister Enda Kenny has asked fellow members of the bloc to acknowledge that Northern Ireland would, like East Germany in 1990, automatically enter the […]
Violence erupted in Macedonia’s parliament as tensions between ethnic Albanian minorities and nationalists boiled over, prompting sharp rebukes from Western governments. Protesters supportive of the nationalist VMRO-DPMNE party, as well as individuals clad in identity-concealing hoods, stormed parliament on Thursday night local time, violently accosting at least lawmakers and journalists. Police say the violence left 102 inside and outside parliament injured. Parliament had just managed to break […]
Dubai-based business tycoon Mohamed Alabbar is weighing buying in to venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter. Representatives for Alabbar held talks with several regional companies, including Middle East Venture Partners and BECO Capital, about either buying them entirely, joining as a co-investor or making a significant investment in the firms, […]
Distribution agreement boosts Eikon’s robust research offering with economic sovereign reports London, 28 April 2017 – Users of Thomson Reuters flagship financial platform Eikon can now access Oxford Business Group’s full range of research on emerging economies, following a distribution agreement between the two firms, giving financial professionals instant access to OBG’s extensive range of reports and economic updates. OBG content is available through Eikon’s real-time and […]
By Philip Pullella | ROME ROME They will not be drawing swords like their predecessors did 1,000 years ago, but battle lines have been drawn between conservatives and reformers in the Knights of Malta, the Catholic chivalric order and global charity. Its former leader, Briton Matthew Festing, has returned to Rome for a decisive boardroom confrontation over its future this Saturday, defying a request to stay away […]
WASHINGTON U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his […]
April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]
WASHINGTON President Donald Trump complained on Thursday that the United States was being unfairly treated in the Paris Climate Agreement and told Reuters he would announce a decision in about two weeks on whether Washington would remain in the accord. The Republican Trump, elected in November, had vowed during his campaign to withdraw from the Paris accord within 100 days of becoming president, part of a broader […]
Global energy markets are heading to a rebalancing in the next years after oil prices fell to historic lows due to oversupply, Qatar’s energy minister said Thursday, praising OPEC members for their adherence to a “successful” November deal to cut production. Qatar’s Minister of Energy and Industry Mohammed Saleh Abdullah Al-Sada told the Atlantic Council summit in Istanbul that a decade of high oil prices had led […]
By Timothy Mclaughlin | CHICAGO CHICAGO United Airlines (UAL.N) and the passenger who was dragged from a Chicago flight earlier this month have reached a settlement for an undisclosed sum, they said on Thursday, in the carrier’s latest step to contain damage from an incident which has sparked international outrage. Viral videos of Dr. David Dao being dragged down the aisle of a United jet and Chief […]
Two acclaimed authors made an appearance on the second day of the Abu Dhabi International Book Fair. Held at Abu Dhabi National Exhibition Centre (Adnec) until May 2, the 27th edition of the event welcomed Abbas Beydoun, author of The Autumn of Innocence, on Thursday. The first prize winner of the Sheikh Zayed Book Award in the literature category, the novel’s theme of tyranny was discussed at […]
Dubai, 26 April, 2017: Mawarid Exchange, a leading exchange company has signed Remittance Agreement with the Land Bank of the Philippines, one of the top government financial institutions in Philippines. The agreement has been signed by Mr. Mohamed Al Nuaimi, CEO, Mawarid Exchange and Mr. Alex V. Buenaventura, President, Land Bank of the Philippines. According to this agreement, Mawarid Exchange clients shall be able to use the […]
MANILA, Philippines — The Republic of the Philippines and Brunei Darussalam issued a joint statement following the state visit of Prime Minister Hassanal Bolkiah to Manila. Bolkiah is also in the country to attend the 30th Association of Southeast Asian Nations Summit at the Philippine International Convention Center on Saturday. Read the full statement below. 1. At the invitation of the President of the Republic of the Philippines […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw the […]
Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the agreement, according to the White House. The move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have […]
The University of Technology Sydney (UTS) has partnered with the China Electronics Group Corporation (CETC) to launch a new joint centre for advanced research. Located at the UTS campus in Sydney, the Australia-China Research Innovation Centre in Information and Electronics Technologies (IET) is expected to conduct long-term research projects into information, communications, and electronics. The IET will be governed and managed by representatives of both UTS and […]
Two of America’s most prominent Republican dynasties — the Bushes and the Romneys — are locked in a $1bn-plus battle to acquire the Miami Marlins baseball team, in a tangled sale process that previously included a rival bid from the family business of Jared Kushner. A consortium bid fronted by Jeb Bush, the former Florida governor and presidential candidate, and Derek Jeter, the retired New York Yankees […]
By Valerie Volcovici | WASHINGTON WASHINGTON White House advisers and Trump administration officials will meet on Thursday to discuss whether the United States should remain in the Paris climate agreement, a White House official said on Wednesday. The meeting, which will include member of the National Economic Council and cabinet officials such as Environmental Protection Agency Administrator Scott Pruitt and Energy Secretary Rick Perry, was scheduled for […]
President Donald Trump’s top economic team unveiled what they called the biggest tax cut in US history, proposing a sharp reduction in corporate taxes and a simplification of individual rates they said would unleash economic growth. Steven Mnuchin, the Treasury secretary, said the proposal would slash corporate taxes from 35 per cent to 15 per cent and include a “one-time” cut-rate tax to induce companies to repatriate […]
By Amanda Becker and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash rates on businesses and overseas corporate profits returned to the United States, officials said. The Trump administration is touting the blueprint, which also calls for higher standard deductions for individuals, as a landmark tax cut just days before the Republican president marks his […]
With little macro data overnight (aside from a modestly disappointing Australian CPI print), offset by an ongoing of corporate profits (this is the single busiest week for corporate earnings in more than 10 years), today everyone’s attention will be focused on three things to come out of Washington: taxes, healthcare, spending. And while we did our best to summarize what is known and unknown last night, this […]
Emirates is eyeing increased collaboration with low-cost carrier flydubai, as it continues to streamline costs in a turbulent aviation market. Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum said in particular the Dubai-based airline could seek greater “synergies” in terms of aircraft fleet and routes with its sister airline flydubai. Asked whether Emirates was considering purchasing any narrow body aircraft – particularly as competition in the budget […]
It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after his appointment was announced by the LME’s parent Hong Kong Exchanges and Clearing the 35-year-old former investment banker has outlined his vision to attract more customers and protect London’s place as the centre of […]
