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By Anna Irrera | NEW YORK NEW YORK Brokerage Charles Schwab Corp (SCHW.N) on Tuesday launched a service that combines its automated investment management technology with human advisors, as financial institutions race to offer digital financial advice. The service, called Schwab Intelligent Advisory, provides clients with a financial and investment plan, unlimited access to a human advisor via phone or video conference, and an investment portfolio of […]

Japanese Prime Minister Shinzo Abe has asked Saudi Arabia’s King Salman to support the listing of Saudi state oil giant Aramco shares on the Tokyo Stock Exchange, a Japanese senior government official said on Monday. King Salman said that the kingdom would look into the request because he wants Japanese investors to buy Aramco shares, the official said after the two leaders met. Bourses in Asia and […]

Shares in Toshiba fell more than 8 per cent as the troubled Japanese conglomerate missed its earnings deadline once again. The company on Tuesday confirmed that it has sought another extension to the deadline by which it must submit audited third-quarter earnings, amid uncertainty about the true extent of crisis at its US nuclear unit Westinghouse. The stock was down 8.1 per cent at ¥197.5 near midday […]

To investors still betting — either by choice or technical necessity — that Toshiba can pull off a miracle escape act, Monday night produced yet another dispiriting blow. With just hours left before the troubled Japanese conglomerate was due to submit its audited third-quarter earnings — an already overdue document critical to its continued status as a listed entity — sources close to the company confirmed that […]

By David Lawder | WASHINGTON WASHINGTON Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, a nonpartisan congressional research office said on Monday, throwing President Donald Trump and Republicans on the defensive as they press forward with replacement legislation. The U.S. Congressional Budget Office forecast that 24 million more people would be […]

Recently, the open-source multi-instant messaging (IM) program Pidgin was updated to version 2.12.0. That’s the good news. It’s a very useful program if you work with people using multiple IM services. The bad news is that its developers couldn’t add support to newer IM platforms, such as WhatsApp, Facebook Messenger, and Slack. Additionally, it will no longer support the deprecated Facebook XMPP, MSN, MySpace, Mxit, and Yahoo. […]

By Karen Freifeld | NEW YORK NEW YORK U.S. Secretary of State Rex Tillerson, the former chairman and chief executive of Exxon Mobil Corp (XOM.N), used an alias email address while at the oil company to send and receive information related to climate change and other matters, according to New York Attorney General Eric Schneiderman. The attorney general’s office said in a letter on Monday that it […]

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KUALA LUMPUR: The Domestic Trade, Cooperatives and Consumerism Ministry will return confiscated pig bristle paint brushes to traders if they comply with the Trade Descriptions Act 2011. Its minister, Datuk Seri Hamzah Zainuddin, said business operators have been given a one-month period to label all paint brushes made with pig bristles (as non-halal). He said since March 9, inspection has been carried out to detect whether traders […]

QFC to create 10,000 jobs in the private sector QFC to license 1,000 firms by 2022 QFC appoints leading industry heads to Advisory Board QFC to launch New Law QFC launch biggest TV campaign to date Advertisement 14 March 2017, Doha – Qatar Qatar Financial Centre is on track to license 1,000 new firms and create 10,000 jobs by 2022, Qatar Financial Centre (QFC) Authority CEO Yousuf […]

Kuwait’s dual-tranche international debut bond has attracted order books in excess of $15 billion, a document issued by one of the lead banks showed. The debt sale, expected to price on Monday, is split into five-year and 10-year tranches. Initial price guidance was earlier released in the 100 basis points over US Treasuries area for the five-year tranche and the 120 bps over Treasuries area for the […]

By Se Young Lee and Jane Chung | SEOUL SEOUL The head of South Korea’s Samsung Group [SAGR.UL], Jay Y. Lee, may be languishing in a jail cell but he is allowed plenty of visitors, which may allow him to play a key role in corporate decisions even if he isn’t running the conglomerate like he did before. Lee, who didn’t attend last Thursday’s preparatory hearing for […]

Nervousness in the US stock market has climbed to the highest level since the aftermath of the presidential election, even as equities have charted a mostly smooth path to further all-time highs in recent weeks. Credit Suisse’s fear barometer rose at the end of last week to 35.6, an increase of almost 10 points from the previous week and the highest reading since November 9, the day […]

Business Mona Ataya is the founder and CEO of Mumzworld. We asked her where she wants the company to go over the next five years, where good ideas come from within the company, and what he wanted to be when he grew up. We caught up with Mona at Scale-Up UAE by Endeavour, an event that brings together its network of entrepreneurs, mentors, partners and investors from […]

Starting next month, Microsoft will begin offering a preview of an on-premises/local version of its Dynamics 365 for Operations ERP product. Microsoft announced Dynamics 365 for Operations — a rebranding of Dynamics AX 7 and part of the Enterprise version of its newly combined Dynamics 365 CRM and ERP application bundle — in July 2016. At that time, officials said Microsoft would continue to offer on-premises versions […]

By Irene Preisinger | MUNICH, Germany MUNICH, Germany German Chancellor Angela Merkel underscored the importance of free trade in a speech to business leaders in Munich, before her first trip to meet U.S. President Donald Trump in Washington for talks on a range of issues, including defense spending. Merkel had been due to meet Trump for more than two hours on Tuesday, but her trip was postponed […]

By Angela Moon | NEW YORK NEW YORK Airbnb, the leading online marketplace for short-term lodging, has no specific plans yet to go public, its chief executive officer Brian Chesky said on Monday. “We don’t have any announcement to make. We are working to make sure that the company is ready,” Chesky said at an event at the New York Exchange when asked about plans for an […]

ARADA, the UAE-based developer started by Prince Khaled bin Alwaleed bin Talal, the only son of Saudi billionaire Prince Alwaleed, has announced the launch of its first project in Sharjah. With an expected completion date for late 2018, Nasma Residences will offer more than 800 homes plus community facilities, a statement said. In January, Prince Khaled’s KBW Investments (KBW) and Basma Group unveiled ARADA, a partnership enterprise […]

Cloud accounting software provider Xero announced a new product that it says will bring machine learning and AI to the process of small business invoicing. The machine learning automation technology is currently without an official title, but Xero says it’s designed to simplify and improve the way invoices are filed. More specifically, the technology will automatically suggest the appropriate account codes for an invoice based on past […]

By Yashaswini Swamynathan The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares – ahead of a widely expected interest rate hike – were weighed down by losses in drug stocks. The Federal Open Market Committee, the central bank’s policy-setting board, is expected to lift interest rates by a quarter point to 0.75 percent-1.00 percent after a two-day […]

ARADA, the UAE-based developer started by Prince Khaled bin Alwaleed bin Talal, the only son of Saudi billionaire Prince Alwaleed, has announced the launch of its first project in Sharjah. With an expected completion date for late 2018, Nasma Residences will offer more than 800 homes plus community facilities, a statement said. In January, Prince Khaled’s KBW Investments (KBW) and Basma Group unveiled ARADA, a partnership enterprise […]

Manila Bulletin Senate passes bills on free Wi-Fi, college educationBusinessWorld Online EditionTHE BILLS for free Wi-Fi access in public places and free college education were among the key bills the Senate passed on third and final reading on Monday. “The truth is, mass Wi-Fi services form part of the Information Communication Technology (ICT) …Free wifi bill gets Senate nodMalayaSenate approves free public Wi-Fi bill on final readingInquirer.netSenate okays […]

Doha, Qatar – 13 March, 2017 In recognition of the creative efforts it made throughout the year, First Finance Company (FFC), a subsidiary of Barwa Bank Group, has earned the title of ‘Most Innovative Finance Company’ in Qatar 2016, at the International Finance Magazine (IFM) Awards, which was held at the JW Marriott Marquis Hotel in Dubai. FFC claimed the sought-after title in honor of its leading role […]

/By Arabian Post Staff/ The board of directors of the mega bank being created by the merger of FGB and the National Bank of Abu Dhabi (NBAD) has met to approve key items ahead of the legal completion of the merger in the coming weeks. During the meeting, the Board decided on the Group’s corporate governance structure and finalised the nomination of Board committees and delegation of […]

Robots will soon be teaching and assisting children across several schools in the UAE, according to tech firm ATLAB, which is planning to roll out a new system later this year. The technology-based learning solutions company has announced that it will be introducing the ATLAB TeachAssist in schools across Dubai and the UAE and the rest of the GCC by the end of 2017. The robot can […]

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