Mexico’s central bank intervened in the foreign exchange markets to halt the peso’s record slide against the dollar but failed to provide anything more than temporary respite for its battered currency. The peso responded to the move, the first of its kind since the election of Donald Trump, with a 1.5 per cent rise against the dollar. Having tumbled to another all-time low of 21.61 pesos on […]
After a near double-digit rally in US stocks since Donald Trump’s election victory, the question for investors is whether the outlook for corporate profits can begin to justify investors’ newfound optimism. Much of the rally has been underpinned by hopes that a Trump administration will boost corporate profits through lower corporate taxes, a more accommodative regulatory regime and a more confident US consumer. Corporate chief executives will […]
Thursday 15:20 GMT Overview A surge in the Chinese renminbi is contributing to selling of the US dollar, its retreat from 14-year highs rattling the broader market and boosting the price of gold. US and European equities are becalmed following a mixed Asian session, while Treasury yields dip from recent peaks despite what many analysts consider were a relatively hawkish set of minutes from the Federal Reserve. […]
India is headed for a long and critical election season that will span five states, just as many weeks and 160 million voters. The polls will be seen as a test of whether the appeal of Prime Minister Narendra Modi–who won a landslide election in 2014–endures after his move to remove 86% of bank notes from circulation led to a severe cash shortage. The first ballot will […]
Submitted by Finian Cunningham via Strategic-Culture.org, The dark, infamous days of American lynch-mob rule and burning witches at stakes are back as never before. But not in backwater enclaves of benighted bigotry. Oh no, the modern lynch mobs are running amok in Washington’s seat of government, across prime TV and on the editorial pages of its supposed finest newspapers. It is the effete, self-regarding ruling US elite […]
In one of the first signs that India’s crackdown on tax evaders is helping swell the government’s coffers, it this week lowered its borrowing plan by 4.2%. The government says it now plans to reduce the amount it borrows by 180 billion rupees ($2.64 billion). It had budgeted to borrow a net 4.25 trillion rupees in the current financial year. The Reserve Bank of India, which acts […]
SYDNEY The U.S. dollar crept nearer to 14-year peaks on Wednesday as an abundance of upbeat global economic data boosted Wall Street and signs of quickening inflation dented fixed-income debt. The strength of the U.S. currency pressured commodity prices and helped drag oil off an 18-month top, but gave Japan’s exporter-heavy stock market a fillip. The Nikkei climbed 2.1 percent, recovering from two sessions of losses as […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
Banks and commodity companies set the pace as the FTSE 100 extended its run into record territory on Tuesday, taking the gains for the blue-chip index to 13 per cent since the UK voted for Brexit. Sentiment towards the FTSE 100 has brightened on optimism over bank earnings as bond yields rise, and on the support a stronger oil price is giving the commodities sector. “The FTSE […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]
LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high. Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to […]
While 2016 was the year the unlikely became real, currency investors enter 2017 no better equipped to tell the difference between reality and illusion. Brexit and Trump made a mockery of assumptions, shredded investors’ best-laid plans and turned political risk analysts into the most in-demand advisers of the year. The two big themes of 2016 will feel palpable during the first quarter of 2017. Donald Trump takes […]
Tuesday 05:05 GMT Overview Asian markets were in an upbeat mood in the first session for 2017, after a middling performance over the Christmas to New Year period during which Wall Street continued its retreat from recent record highs. Hot topic At the start of a new year, investors were wondering what the next 12 months would hold. Over the near term, one of the big issues […]
LONDON Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in more than five years. With all of Asia’s major markets closed for the New Year holiday – along with Britain and Switzerland in Europe – trade was thin, which could cause some volatility. […]
Some analysts believe the rise in Bitcoin is due to some investors treating it as a safe-haven, like gold, at a time of global uncertainty The value of Bitcoin surged above $1,000 on Monday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016. Its value has more than doubled in the last year and it was trading at around $1,024 […]
LONDON Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin – a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system – jumped 2.5 […]
Welcome to a new year and the pressing market issues facing investors as they look to put money to work and navigate 2017. Geopolitical surprises upended expectations last year and few predicted that 2016 would end with a global bull market in equities, while bond yields remain relatively low. Will strategists be any better at forecasting this time around? Here are the big questions that will preoccupy […]
Google has rolled out carrier billing option to two of India’s largest telecom operators, making it easier for more Indians to purchase apps, music and other items from marque Google Play Store. Users on Airtel and Vodafone, two carriers with over 460 million subscribers between them, can now pay for their purchases on Google Play using credit on their mobile phone. The company had told developers about […]
· Hamriya, Rashidya and Al Aweer branches added to the network of bank’s disability-friendly branches · Jumeirah branch to now offer Braille currency for its customers with visual disabilities · Emirates NBD’s #TogetherLimitless platform committed to transforming additional branches in 2017 and creating an inclusive community for people with disabilities in the UAE 02 January 2017 Dubai – Emirates NBD, a leading bank in the region, […]
In the last two months of the year, financial markets responded to the unanticipated election of Donald Trump in a textbook fashion — not only at the asset class level, with the major moves up in stocks and government yields, but also within asset classes as financials and the dollar surged. In doing so, they were responding to prospects for higher growth, inflation and market inflows following […]
Submitted by Federico Pieraccini via Strategic-Culture.org, The two previous articles have focused on the various geopolitical theories, their translations into modern concepts, and practical actions that the United States has taken in recent decades to aspire to global dominance. This segment will describe how Iran, China and Russia have over the years adopted a variety of economic and military actions to repel the continual assault on their sovereignty by the […]
Chinese residents hoping to cash out of the renminbi will face a great wall of paperwork on Tuesday in a key test of confidence for the currency as the annual quota for individuals’ foreign exchange purchases resets. With individuals in China allowed to purchase up to $50,000 worth of foreign exchange each calendar year, observers will be watching closely for any signs of a rush to use […]
