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24 February 2017 MARC has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) medium-term notes (MTN) RM130 million Class A, RM25 million Class B and RM15 million Class C respectively. Concurrently, MARC has assigned a MARC-1 rating to Kinabalu Capital’s issue of up to RM170 million commercial papers (CP). The issuance of the rated MTN and/or CP with a combined […]

Hewlett Packard Enterprise Co, the corporate hardware and enterprise software business of Hewlett-Packard Co, reported lower-than-expected quarterly revenue and cut its full-year profit forecast. The company’s shares were down 5.6 percent at $23.22 in after-market trading on Thursday. HPE said it expected full-year adjusted profit of between $1.88-$1.98 per share, down from $2-$2.10 it forecast earlier. Analysts on average were expecting a profit of $2.05 per share, […]

Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]

22 Feb 2017, Doha, Qatar The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) announced today its financial results for the full year ended 31 December 2016. The Group reported a net profit of QAR 501.4 million as compared to QAR 1,434 million for the same period in 2015, a decrease of 65%. The Bank reported a net profit of QAR 683 million (2015- QAR […]

U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump. Wal-Mart’s (WMT.N) shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world’s largest retailer reported higher-than-expected U.S. sales. Home Depot (HD.N) shares gained 1.4 percent after the home improvement retailer […]

21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based  Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]

Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant.  There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]

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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 […]

China has banned coal imports from North Korea until the end of 2017, the Ministry of Commerce said on Saturday, after a week in which Pyongyang tested an intermediate-range ballistic missile and carried out an assassination in Malaysia. Kim Jong Nam the brother of North Korean ruler Kim Jong Un, was killed by two female assailants in the Kuala Lumpur airport on Monday. He had been living […]

newslide Angelina Jolie’s new film debuts in Cambodia Angelina Jolie presented her new film on the horrors of the Khmer Rouge era over the weekend at the ancient Angkor Wat temple complex in Cambodia. Cambodia’s king and survivors of the communist regime were among 1,500 people invited to the debut screening of First They Killed My Father, directed by Jolie and based on the memoirs of Loung […]

When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]

New Zealand telecommunications provider Spark has announced its financial results for the first half of FY17, reporting earnings before interest, tax, depreciation, and amortisation (EBITDA) of NZ$471 million, up 3.5 percent. Revenue was up by 4.1 percent, to NZ$1.79 billion, while earnings after tax amounted to NZ$178 million, up 12.7 percent. Capex increased by 3.7 percent for a total of NZ$224 million, and opex was up by […]

By Alex Dobuzinskis | LOS ANGELES LOS ANGELES Robert Durst, the real estate scion tied to several slayings explored in HBO’s series “The Jinx,” returned to a Los Angeles courtroom on Wednesday to face a prosecution witness whose identity was being kept secret until taking the stand. Durst, 73, is charged with first-degree murder in the fatal shooting of a writer and longtime confidante of his, Susan […]

Kim Jong Un’s brother, who was killed in Malaysia on Monday, begged the North Korean leader to spare his life after escaping an earlier assassination attempt, the head of South Korean intelligence said on Wednesday. Kim Jong Nam wrote to the supreme leader in 2012 to ask him to spare his life and those of his family, Lee Byung-ho, director of the National Intelligence Service, told lawmakers […]

New Zealand telecommunications carrier Spark has announced signing a multi-year deal with technology giant Ericsson to upgrade its voice network to be fully digital during a phased upgrade program. The IP Multimedia Subsystem (IMS) upgrade will modernise and unify Spark’s core networks to allow for greater reliablity and scalability, according to the telco, towards an increasing uptake of voice over IP (VoIP) usage over both fixed-line and […]

By Clare Baldwin and Andrew R.C. Marshall | MANILA MANILA Before Rodrigo Duterte’s bloody war on drugs had even begun, allies of the Philippines president were quietly preparing for a wider offensive. On June 30, as Duterte was sworn in, they introduced a bill into the Philippine Congress that could allow children as young as nine to be targeted in a crackdown that has since claimed more […]

Paraphrasing Garrison Keillor, it’s been a quiet week in the Apache Spark community – at least compared to last year, where the definitive Spark 2.0 was unveiled. Last week, Spark Summit pulled into Boston, and so did one of those nor’easters that make Boston so alluring in February. And so the Spark project, for now, is engaging in the blocking and tackling chores of cleaning up or […]

Muscat, February 14, 2017 Bank Sohar, continuing to invest in the capabilities and growth of its Executive Management members, has announced the appointment of Mr. Pieter De Witt, as the Bank’s new Chief Financial Officer and Mr. Khalid Khalfan Rashid Al Subhi, as the new AGM and Head of Compliance. Both; Mr. Pieter De Witt and Mr. Khalid Al Subhi are highly qualified individuals in their respective […]

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 […]

Photo President Hassan Rouhani, left, visited a Tehran exhibition of Iran’s achievements in space technology on Wednesday. With him were the minister of communications, Mahmoud Vaezi, center, and the defense minister, Hossein Dehghan. Credit Office of the Iranian Presidency, via Associated Press TEHRAN — Iran confirmed on Wednesday that it recently conducted a missile test, but it rejected accusations from the United States that the launch had […]

Australian rail freight company Aurizon has announced the termination of its Freight Management Transformation (FMT) project, contracted to SAP since 2014, resulting in an impairment charge of AU$64 million. The FMT project in 2014 attempted to bring 18 separate legacy systems used for logistics planning, scheduling, ordering, and billing into a single platform. However, following a review of the project, the Australian Securities Exchange (ASX)-listed company has […]

Even by Trumpean standards, it verged on an epic surprise. During his daily briefing cum lecture Monday, White House Press Secretary Sean Spicer sharply asserted, “They should either get with the program or they should go.” And he heralded President Trump’s new “One In, Two Out” mantra. But, stunningly, he was not referring to the press! One might have assumed that, given Sunday comments by Kellyanne Conway, […]

The growth of electronic trading in fixed income has always been driven by efficiency, but we’ll begin to see data science and analytics fuel new levels of smart trading this year. Marketplaces such as Tradeweb have spent the last 15 to 20 years building out infrastructure to digitise these businesses and organise their trading activity through more streamlined workflows and trading protocols. Yet, even now, a significant […]

“Everybody said it was going to be too hard, that you’d have to change the whole compiler,” MIT professor Charles E. Leiserson says. “And these guys basically showed that conventional wisdom to be flat-out wrong.” Credit: Massachusetts Institute of Technology Compilers are programs that convert computer code written in high-level languages intelligible to humans into low-level instructions executable by machines. But there’s more than one way to […]

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