At the start of January, when the Mexican Central Bank spent $2 billion to defend its currency in a rare intervention in the spot market, and which lasted just a few hours before the selling resumed, Goldman analyst Albert Ramos had some advice for Banxico: don’t use reserves to defend the Peso as Mexico would have greater need for them elsewhere. : Instead, Goldman’s advice was to […]
My taxi driver in San Diego had a plan. He was moving to Laredo to get back into long-distance trucking. He’d work hard for 10 years, save a couple of hundred grand, and retire to Mexico. I did the math: that put him around 2028. He might just make it before all the trucking jobs go away. At Qualcomm last week, Cristiano Amon, president of […]
At least 180 Chinese listed companies will be forced to cancel or scale back planned rights offerings worth $97bn in response to regulations that target excessive fundraising used for dubious acquisitions and financial speculation. The rules come as Chinese regulators are increasingly concerned about the trend of “exit the real, enter the fake” — a phrase used to denote companies abandoning real economic activity in favour of […]
GENEVA Nearly 1.4 million children are at “imminent risk” of death in famines in Nigeria, Somalia, South Sudan and Yemen, the U.N. children’s agency UNICEF said on Tuesday. People are already starving to death in all four countries, and the World Food Programme says more than 20 million lives are at risk in the next six months. “Time is running out for more than a million children,” […]
DUBAI// Enoc will open 10 new petrol stations this year and will add 54 stations by 2020. The expansion began with the opening of the Warsan station on the Dubai-Hatta Road in the eastern region of the emirate. The new stations will be located in Sheikh Zayed Road, Al Barsha South, Hessa Street, Sheikh Rashid Road, Bab Al Shams, Hatta, Jumeirah Village, Al Lehbab Road, and Academic […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
Success for banks selling large blocks of stock in the European market this year points to a supportive environment for new listings in the months ahead, bankers say. There have been 70 such accelerated offerings so far this year according to Dealogic, worth €11.3bn, more than double the €5.5bn sold in the same period a year ago when anxiety about the state of China’s economy prompted much […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
By Phil Stewart | BAGHDAD BAGHDAD The U.S. military is “not in Iraq to seize anybody’s oil”, Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump, as he held talks with Iraqi leaders on Monday. Mattis was the highest-ranking Trump administration official to visit Iraq since Trump irked Iraqis with a temporary ban ontravel to the United States and for saying America should haveseized […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
By Gopal Sharma | KATHMANDU KATHMANDU Nepal will hold its first local elections in 20 years in May, a minister said on Monday, an important milestone in its long and difficult transition to democracy that the government hopes will culminate in a general election. The Himalayan nation has been unable to complete the journey to a republic because some regional groups rejected a constitution approved by bigger […]
Partnership will allow partner-drivers to connect with on-demand medical professionals United Arab Emirates, 20 February 2017 Uber, the smartphone app-based technology company, has announced a partnership with Altibbi, an online medical mobile application, to connect Uber partner-drivers with on-demand doctors. The application allows partner-drivers to connect with a selection of certified doctors, and get round-the-clock affordable medical consultations over the phone. This gives partner-drivers access to safe […]
Submitted by Michael Shedlock via MishTalk.com, I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left. Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea. What does Gates want to do with the money collected? Here’s the answer: Flush it down the toilet. In a Quartz interview, Bill […]
By Stephen Kalin and Maher Chmaytelli | SOUTH OF MOSUL/BAGHDAD, Iraq SOUTH OF MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces fought Islamic State fighters on Monday to clear the way to Mosul’s airport, on the second day of a ground offensive on the jihadists’ remaining stronghold in the western side of the city. Federal police and elite interior ministry units known as Rapid Response are leading the charge toward […]
Here we go again. The premium investors are demanding to hold French over German 10-year debt has hit a fresh post-eurozone crisis high today – exceeding 0.81 percentage points for the first time since August 2012. The yield gap has swollen to its highest in over four years this month, reflecting investor jitters about France’s upcoming and unpredictable presidential elections in three months’ time. France’s 10-year bond […]
Key to enhancing and diversifying its service offering in the domestic maritime industry 20 February 2017 Riyadh – Saudi Arabia – Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the central suburb of […]
By Alexandra Ulmer and Alexandra Valencia | QUITO QUITO Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador’s presidential election on Monday, as the Andean country’s electoral body counted ballots late into the night. In a nail-biter vote with eight candidates, Moreno was close to the threshold needed to avoid an April runoff and continue a decade-long period of leftist […]
ABU DHABI // The British royal navy is strengthening its presence in the Arabian Gulf after it took command of US Task Force 50 – the first time it has led a US force in the Middle East. The force, which has assisted in battling ISIL in Iraq and Syria, plays an important role in the region because it allows free passage of trade throughout the Gulf […]
Photo The Iranian city of Ahvaz during a sandstorm on Saturday. Rain has turned the dust there into mud, which caused power stations to stop working. Credit Morteza Jaberian/Agence France-Presse — Getty Images TEHRAN — Days of protests against dust storms, power outages and government mismanagement in one of Iran’s most oil-rich cities subsided on Sunday after security forces declared all demonstrations illegal. Residents of Ahvaz, a […]
|By Arabian Post Staff| Abu Dhabi National Oil Co. awarded China National Petroleum Company (CNPC) an 8 percent stake in its onshore venture in return for a $1.8 billion signing bonus, Adnoc said Sunday in a statement. State-run CNPC is the venture’s third Asian partner, joining Japanese and South Korean companies alongside BP and Total SA. Asia will show the fastest growth in energy demand over the next […]
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]
Yesterday´s Future is Today´s Reality. In the area of Business applications, cloud seems to be all over the place. But it has many facets which all have its right to exist, though it´s a fatal misunderstanding to see cloud simply as an alternative technical deployment option. From the new millennium SaaS models that have been adopted, initially with huge appetite in dedicated Line of Business areas. We […]
While the year continues to be dominated by headlines touting the universal appeal of Alexa, there’s another gives a glimpse of what the big next step in human-computer interaction will be: eye tracking. The concept of measuring and responding to human eye motion isn’t new, but the past year saw a rising interest in the technology. There have been a slew of acquisitions of eye tracking startups by large […]
The FCC reckons that activating the FM chip on devices such as the iPhone is justifiable on public safety grounds alone. Image: Apple Nearly all smartphones sold today in the US, including the iPhone, have an FM chip inside their LTE modems. However, carriers and phone makers keep it switched off, probably for business reasons. Ajit Pai, who was appointed to chair US comms watchdog the FCC […]
