China’s handling of its state reserves of raw materials such as cotton and sugar will be a key factor shaping the direction of agricultural commodities in 2017, according to a major lender to agribusinesses. China is “the most striking wildcard” that will drive agricultural markets, said Stefan Vogel, head of agri commodity markets at Rabobank, the Dutch lender that is a leading financier to farmers and agribusinesses […]
Jay Sean has come a long way in the past decade and a half – from emerging with saccharine pop and R&B tracks, such as 2004’s Stolen and Got My Eyes On You, to collaborating with some of the biggest names in the music business, including Sean Paul and Lil Wayne, on fast-paced dance tracks and chart-toppers. The British-born singer, who comes from a Punjabi background, makes […]
Saudi Arabia’s government approved plans on Monday to turn state-owned sports clubs into private companies, part of a drive to promote physical exercise in a society that mostly avoids it. The cabinet endorsed the privatisation of state-owned soccer clubs in the Saudi Professional League and directed the General Sports Authority to facilitate licensing and legal procedures, it said in a statement carried on the state news agency […]
Via The Daily Bell, Barack Obama on fake news: ‘We have problems’ if we can’t tell the difference The US president denounced the spate of misinformation across social media platforms, including Facebook, suggesting American politics can be affected. -Guardian Is fake news the new “conspiracy theory.” We’ve read that it may be, and it seems likely to us. That’s because “conspiracy theory” has seemingly lost credibility as […]
For some frustrated fans, that premise may seem incongruous or maddening, but it is the reality. Consider this, too: Gulati draws no salary from U.S. Soccer to compensate him for his grief. Continue reading the main story Because U.S. Soccer is a nonprofit body that oversees all facets of the sport in the United States — as opposed to a for-profit professional sports team or league — […]
Bank of Singapore, a unit of Oversea-Chinese Banking Corp, said on Tuesday it had received a licence to open a branch in Dubai International Financial Centre (DIFC) as it aims to tap demand from wealthy individuals in the Middle East. The bank said the licence allows it to conduct private banking including investment, credit and wealth planning advisory services to its ultra-high and high net worth clients. […]
WASHINGTON A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo. Wells Fargo in September agreed to pay $190 million to settle charges that bank employees opened as many as 2 million accounts without customers’ knowledge. […]
The overview Wednesday 2.20am GMT Asian equities continue to rally on Wednesday after Wall Street notched up another set of record highs overnight, while the US dollar is trading flat. Standout stories The Dow Jones Industrial Average deserves a mention for closing above 19,000 points for the first time, while its peer US stock indices again closed at record highs. Monday was the first time since 1999 […]
When Amna Al Hashemi was contemplating which dishes to add to the menu of her new restaurant, Mitts and Trays in Dubai’s City Walk Phase 2, she sat down, closed her eyes and tried to think of the dishes that evoked her happiest memories. If these dishes stirred up good memories for her, she surmised, then they’d do the same for her customers. Madras chicken curry was […]
Conference entitled ‘Utilizing Industrial Cooperation to Develop Local Supply Chain Capability’ brings together leaders from aviation, defence and space industries HE Abdullah Sultan Al Owais, Chairman of the Chamber of Commerce and Industry (SCCI): ‘Sharjah is seeking to improve the competitiveness of the Emirate of Sharjah’s manufacturing sector by welcoming high-tech industries working in these sectors’ Conference entitled ‘Utilizing Industrial Cooperation to Develop Local Supply Chain […]
Donald Trump is showing no signs of ditching the unpredictable, pugilistic style that marked his campaign, by clashing with media chiefs, unsettling the US’s closest ally and intervening in the legal fate of his election rival during a 24-hour blizzard of activity. Most of the president-elect’s freewheeling decisions were broadcast over social media on Tuesday, a day after he broke with convention to announce a policy agenda for the […]
Four suspected al Qaeda members have gone on trial accused of plotting to assassinate the late King Abdullah of Saudi Arabia, newspapers in the kingdom reported on Tuesday. The reports provided no details on the alleged assassination plot or when it may have occurred, but said the defendants were also charged with belonging to an extremist group, communicating with an al Qaeda leader and attempting to recruit […]
ZTE is launching a limited edition variant of its flagship smartphone, the very durable Axon 7, which will now have more RAM, increased internal storage and a new pressure-sensitive display, the name of which was seemingly borrowed from Apple’s “Force Touch” moniker for a similar technology. More RAM And Internal Storage The Axon 7 is a flagship which joins a pantheon of others that boasts budget-friendly price points […]
SYDNEY Asian stocks crept to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street, where the three main indices seized record peaks for a second straight session. Australia’s main index led the early action with a rise of 0.5 percent to a one-month top, helped by strength in bulk commodity prices. Japan’s Nikkei .N225 was closed for a holiday after enjoying […]
Global lenders’ need to cut the mounting cost of running their swaps portfolios has turned what was once a cottage industry into a cornerstone of the global derivatives industry. BGC Partners, the US interdealer broker, became the latest to underline this trend after revealing the value of interest rate swaptions it had torn up for banks this year more than trebled to $3.5tn. A swaption gives a […]
Synopsis Alan Greenspan was appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for 18 years. He presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Both data-hound and eligible society bachelor, Greenspan was a man of contradictions. His great success was to prove the very […]
Saudi Arabian construction firm Abdullah Abdul Mohsin al-Khodari and Sons said on Tuesday that projects worth 362.2 million riyals ($97 million) had been delayed due to factors ranging from clients’ funding shortages to slow visa issuance. The pace of construction in Saudi Arabia has cooled in the past two years as lower oil prices stall project funding and slow government payments, tightening banking liquidity and squeezing contractors. […]
This kind of manipulation of the law is unfolding at a keen moment of weakness for the press, which has already been buffeted by falling revenue and mounting public disaffection. Only 40 percent of the public — the lowest rate since at least the 1990s — trusts the media “to report the news fully, accurately and fairly,” according to a Gallup survey conducted in September 2015. This […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks edged higher in afternoon trading on Tuesday, pushing the Dow above the 19,000 level and the S&P 500 above 2,200, though a fall in healthcare stocks weighed on the market. All three indexes along with the small-cap Russell 2000 index again hit intraday record highs, a day after all four indexes set record closing highs, extending their […]
Alibaba Cloud, the cloud computing arm of China’s Alibaba Group, has announced the opening of four new data centres by the end of 2016 in the Dubai, Europe, Australia and Japan. As a major milestone of Alibaba Cloud’s global expansion, the new centres will boost its data centre network to 14 locations, covering key economic centres around the world. The data centre in the Middle East, located […]
|By Arabian Post Staff| Etihad airline is in talks to take a stake in Germany’s Air Berlin subsidiary Niki, which is an Austrian-based leisure operator, media reports quoting insiders said. Niki is being spun off and merged with another player, it was stated. Bloomberg said Etihad’s stake holding in Niki will be as a prelude to combining it with TUI AG’s German airline unit. The valuation will […]
OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal’s success hinges on an agreement from Iraq and Iran, which are far from certain to give their full backing. Three OPEC sources told Reuters a gathering of experts from the oil producer group in Vienna had decided on Tuesday to recommend that a […]
Dollar Tree Inc (DLTR.O), the biggest U.S. dollar-store chain after its acquisition of Family Dollar in 2015, reported a better-than-expected quarterly profit on Tuesday, helped by lower merchandise costs and freight expenses. Shares of the company, whose same-store sales also beat expectations, jumped as much as 11.5 percent. Dollar-stores such as Dollar Tree and Dollar General Corp (DG.N) have been expanding aggressively in recent years, taking market […]
A two-day ceasefire after nearly two years of war in Yemen expired at midday (0900 GMT) on Monday and would not be renewed, a spokesman for a Saudi-led military coalition told al-Arabiya TV, with each side blaming the other for violations. The 48-hour truce, announced unilaterally by the Saudi coalition on Friday, failed to halt fighting across the country between the Iran-aligned Houthis and Saudi-led forces, which […]
