European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
Middle East-based airlines posted the strongest annual traffic growth in the world for the fifth year in a row last year, according to the International Air Transport Association (IATA). IATA said in a statement that demand, measured in revenue passenger kilometres (RPKs), rose by 11.8 percent, consolidating the region’s position as the third-largest market for international passengers. It added that capacity growth (13.7 percent) continued to outstrip […]
By Neil Jerome Morales | MANILA MANILA The Philippine government will on Friday withdraw from a ceasefire with communist rebels, President Rodrigo Duterte said, as he ordered soldiers to get ready to fight and declared there would be no peace with the insurgents for a generation. Duterte had made a nationwide peace process one of the priorities of his administration but showed frustration over demands made by […]
There are many email clients for mobile platforms, and one of the most recognized ones, Outlook, is about to gain a major functionality. Microsoft likely knows that email clients can’t always be packed with all the features users look for at any given time, so it’s leaving that up to third-party developers. Microsoft will now allow others to code extensions, or as it likes to call it, […]
Domestic consumption of desalinated water in the region is not only carbon-intensive but contributes to making the Arabian Gulf one of the world’s most salty and potentially most uninhabitable bodies of water, experts say. According to the Ministry of Climate Change and Environment, 96 per cent of domestic consumption of water – from drinking water to showers – comes from one of the 70 desalination plants located […]
Conservative Republicans are girding themselves for a clash with Donald Trump’s administration, warning that lax spending plans could put national debt on a steeper upward trajectory. The president has wrongfooted Republican deficit hawks by proposing to slash tax, protect social security and Medicare, boost defence spending and build a wall along the border with Mexico. Some lawmakers fear even fiscally conservative colleagues will buckle in the face […]
By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan will push back firmly on any attempts by U.S. President Donald Trump’s administration to meddle with its independence on setting currency and monetary policies, say sources familiar with the deliberations in Tokyo. It was the first clear sign from Japan that Tokyo won’t allow Trump to dictate domestic economic policy, leaving room for potential tensions between the […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
“96 million really wanting a job and they can’t get (it). You know that story. The real number — that’s the real number.” Donald Trump cited this highly misleading statistic in his first press conference after the election. It was a claim with scant evidence, but he said it anyway. But what if someone could stop a world leader during a speech and demand proof? It may […]
Looking for a show about money, power, greed, and scandal? Then look no further than the Showtime original series Billions starring Paul Giamatti and Damian Lewis. And now is the time to catch up on all episodes since its season 2 premiere is about to air this month. While the hit series will come on after new episodes of Homeland, there are plenty of other fresh titles […]
The rouble turned volatile as investors made sense of a tweak by the Trump administration to part of the US sanctions on Russia. The currency moved 1.7 per cent higher, trading at an 18-month high of RUB58.547, before quickly giving up most of that rise and falling back below the RUB59 level as investors parsed the decision. The changes in the sanctions appeared to re-authorised certain technology […]
Tableau published fourth quarter and end of year results after the bell on Thursday. The Seattle-based data visualization firm reported a net loss of $21.1 million, or 28 cents per share. Non-GAAP earnings were 26 cents per share on top of $250.7 million in revenue, up 24 percent year over year. Wall Street was expecting just 13 cents per share with revenue of $230.3 million. Tableau’s shares […]
02 February 2017 For years, mid-tier banks have been told they’re potentially heading for extinction The barbell effect dictates that the middle will be significantly challenged by an increasingly tough business environment, with only the very large and the very niche institutions being able to succeed. And indeed the outlook does look challenging, if one adds up the increased cost of regulatory compliance, the pressure on fees […]
Videos of new robot advancements typically throw the Internet into full buzz mode, complete with headlines about Terminators and “robot overlords.” While some of these bleeding-edge bots are terrifying, it’s not for the reasons all the click-bait headlines would have you believe. If you’re even a casual follower of the Internet’s viral videosphere, you’ve undoubtedly stumbled across the latest clip from Boston Dynamics, the Alphabet-owned […]
Police stormed a prison building in Delaware on Thursday to end an 18-1/2-hour hostage standoff by prisoners that left one corrections officer dead and another injured. The officers, who had been held as hostages, were removed at about 5 a.m. from the James T. Vaughn Correctional Center in the town of Smyrna after state police officers retook the prison’s C Building, Delaware’s Department of Correction said in […]
02 February 2017 MARC has removed the ratings on WCT Holdings Berhad’s (WCT Holdings) RM1.0 billion MTN Programme and RM1.5 billion Sukuk Murabahah Programme from MARCWatch Developing. The ratings were placed on MARCWatch Developing on November 4, 2016 to enable the rating agency to reassess WCT Holdings’ business plan and the impact on its credit metrics following a major change in shareholders after the group’s founding members […]
The Bank of England kept its key interest rate at 0.25%, gilt purchase program at GBP435BN, and corporate-bond plan at GBP10b, voting 9-0 on all 3 decisions. The BOE also raises growth forecasts, while keeping its inflation forecasts broadly unchanged, and said the current policy stance “depended on the trade-off between above-target inflation and slack in the economy.” The central banks also reiterated that “monetary policy could […]
Designs have been unveiled for largest tertiary children’s hospital, the largest hospital of its kind in the world, which is to be built in Kuwait. Design firm SSH was appointed by Kuwait’s Ministry of Health and Ministry of Public Works last year, with the project being undertaken by SSH in association with global architects HKS and engineering firm WSP. The hospital will feature a total of 792 […]
Image: Rick Rycroft/AP/REX/Shutterstock/@JohnJohnsonson By Ariel Bogle2017-02-02 06:27:02 UTC Telstra probably hoped the hashtag #TelstraOutage would be left behind in 2016. Sorry honey, no such luck. On Thursday afternoon, Australia’s largest phone network went down for some users following a fire at a Chatswood exchange, which impacted mobile and fixed services. While the outage was genuinely disruptive, many could not resist making the joke of the day. And […]
Telstra has said that as a result of a fire at its Chatswood exchange, it is possible that customers’ SMS messages have been delivered to people other than the intended recipients. “As a result of the Chatswood exchange fire today, it’s possible some SMS messages have been incorrectly delivered,” a Telstra spokesperson said. “As mentioned previously, customers won’t be receiving SMS messages in the short term while […]
Seeking a new way to make electricity, scientists at the Iowa State University have developed a tree-like device whose artificial leaves sway in the wind to generate electricity. The device’s design was pioneered by Michael McCloskey, associate professor of genetics. He said conceptually it is not a replacement for wind turbines. However, in the long term, the technology can create a specialized market for small machines that […]
Reckitt Benckiser, the maker of household goods including Cillit Bang and Dettol, is in advanced talks to acquire Mead Johnson in a deal that could value the maker of infant formula at about $16.7bn. The British-based company said on Wednesday evening it had offered to pay $90 per share in cash to acquire the US nutritional products maker, a near 30 per cent premium on Mead Johnson’s […]
By Shihar Aneez | HAMBANTOTA, Sri Lanka HAMBANTOTA, Sri Lanka China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of Beijing’s ambitions to create a modern-day “Silk Road” across Asia. The agreement was welcome relief for the island nation of 20 million people. As they try to reduce […]
As the creative director of Tumi, one of the world’s best-known luggage brands, Victor Sanz is well placed to offer packing advice. “Lay out all your clothes for your trip. And then cut that in half. That will get you closer to what you really need,” he suggests. “Also, bring plenty of power because you never know when you’ll need it,” he adds. “And stay positive. That’s […]
