By Yashaswini Swamynathan U.S. stocks were little changed on Thursday as a drop in banks and discretionary stocks were offset by gains in technology names. Investors are also assessing a host of economic data including the ADP payrolls report, which showed that 153,000 jobs were added in the private sector in December compared with economists’ expectation of 170,000. The report sets a precedent to Friday’s nonfarm payrolls […]
January 4, 2017 by: Joe Rennison and Eric Platt in New York Wall Street’s debt engine started in record form at the start of 2017, as companies sought to lock in borrowing costs shortly before the inauguration of Donald Trump as US president raises hopes for faster growth and higher interest rates. Eleven companies and banks sold $19.9bn of debt in the US as global financial markets […]
By Afp Published: 02:54 EST, 4 January 2017 | Updated: 02:54 EST, 4 January 2017 Floods in two northeast Malaysian states have now forced almost 23,000 people from their homes and extra relief centres have been opened, rescue officials said Wednesday. Seasonal flooding hits Malaysia’s east coast states every year and regularly results in mass evacuations. The latest round has forced authorities to evacuate 10,038 residents from […]
A glitch found in Overwatch has stirred gamers into frenzy, as it has rendered the 3v3 mode on the Ecopoint: Antarctica map unplayable. The glitch, which utilizes Mei’s Ice Wall skill, allows players to access otherwise inaccessible areas, from where they can attack their opponents through the walls but could not be hit back. Mei Ice Wall Glitch In Overwatch On 3v3 matches in Ecopoint: Antarctica, players who […]
Even as Theresa May prepares to make a long-awaited speech on her Brexit strategy, the prime minister is facing fresh claims that her government is turning a deaf ear to news and advice on Brexit it does not want to hear. Former civil servants expressed dismay at the resignation of Sir Ivan Rogers, Britain’s EU ambassador, on Tuesday, saying the UK was losing its best negotiators with […]
Wednesday 05:00 GMT Overview Data-fuelled optimism helped lift equities for a second day in Asia as Japanese investors cheered the weaker yen after the US dollar hit new 14-year highs. With few significant events on the regional calendar for Wednesday, it was left to overnight gains on Wall Street to set the tone Hot topic Is it too early to start talking about Friday’s US non-farm payrolls […]
Foreign financial support to the Palestinian budget is running at about half the forecast level, the Palestinian prime minister told local media on Tuesday, meaning deep cuts will have to be made to the budget this year. At its cabinet meeting, the government said it expected to run a budget deficit of 4.12 billion shekels in 2017 ($1.06 billion), approaching 15 percent of gross domestic product. “We […]
ABU DHABI // More than 1,000 abandoned vehicles were seized last year as part of campaigns to improve the city’s appearance. Abu Dhabi Municipality said that 1,233 abandoned vehicles were seized and 4,929 warnings were given to owners, while more than 100 received fines for leaving their vehicles in public places. The campaigns targeted areas including Abu Dhabi city, Baniyas West and East, Shakhboot City, Shamkha, Shawamekh, […]
Tesla Motors Inc (TSLA.O) said on Tuesday fourth-quarter deliveries fell 9.4 percent due to short-term production hurdles from the transition to a new autopilot hardware. Deliveries fell to about 22,200 vehicles in the fourth quarter from 24,500 vehicles in the preceding quarter. Total deliveries for 2016 of 76,230 also fell short of the company’s projection of 80,000 to 90,000. Shares of the company, led by entrepreneur Elon […]
As Hurricane Sandy bore down on the Connecticut coast late October of 2012 and Gov. Dannel Malloy pled with residents to find high ground, reporter Neena Satija couldn’t shake one thought: “We are clearly not prepared for this.” Sandy passed, and sheer luck spared the state the worst of its impacts. But did officials acknowledge the averted disaster? Not in Satija’s view. “All of a sudden talk […]
For a long time, no visitors were allowed in his hospital room; the burn unit was a sterile environment. But on the morning Miller’s arm was going to be amputated, just below the elbow, a dozen friends and family members packed into a 10-foot-long corridor between the burn unit and the elevator, just to catch a glimpse of him as he was rolled to surgery. “They all […]
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, […]
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 […]
The Abu Dhabi Government has announced the list of public holidays planned for 2017. “The following list shows the public holidays in the UAE for the year 2017. The official reference to determine Islamic occasions, such as the beginning of Ramadan or Haj, is the Hijri Calendar. It is based on the phases of the moon. Hence, the exact dates of Islamic events vary from one Gregorian […]
Donald Trump is expected to tap a longtime advocate of greater protectionism as his US trade representative in yet another signal that his administration is poised to enact the aggressive trade policies he advocated during the campaign into government. Robert Lighthizer, whose impending nomination was reported by US media on Monday, has been seen as the favourite for the trade role for weeks and has been leading […]
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 […]
A stable UAE economy is likely to create “more” employment opportunities in 2017, according to employment website, Monster.com. The company’s statement follows a report issued by London-based Hays Recruiting which says over half of GCC workers were “considering leaving their current employer this year” and 14 percent of UAE employers were “short of the talent required to achieve 2017’s objectives”. Monster.com also referred to another study by […]
Statcounter’s graph for desktop operating system market shares in the USA shows Windows 10 climbing rapidly and only just overtaking Windows 7 (yellow line). Image: Screen grab for ZDNet Installation of Microsoft’s Windows 10 slowed dramatically when the free upgrade stopped, but it has still overtaken Windows 7 in the UK and USA, on Statcounter‘s usage-based web monitoring. On Netmarketshare’s numbers, which are based on unique visitors […]
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. […]
Airbusand Boeingare bracing themselves for a challenging 2017 after struggling to reach sales targets in the past year. Later this month the two companies will reveal the final tally for last year’s orders and deliveries, but both look set to fall short of their goal of achieving a book to bill of about one — essentially replacing almost every aircraft delivery with a new order. This would […]
At inauguration, Donald J. Trump promises to make Cleveland Browns great again. This time, even backers say he has gone too far. Continue reading the main story Women’s national soccer team finally agrees to new collective bargaining agreement when U.S. Soccer promises to pay women the same bonus money for winning matches that men receive for losing. February Patriots capture Super Bowl, deflating Cowboys. Championship rings ordered […]
In a time of great change; upheaval of norms and establishment status quo dissolution, there is one steadfast member of the elite that the world can rely on to never change – no matter how the facts around him do. Nobel-prize-winner Paul Krugman has begun the year as he ended the last, with a New York Times’ op-ed exclaiming that “America has become a ‘Stan’.” In 2015 […]
SEOUL South Korea has banned the sale of 10 models of Nissan, BMW and Porsche vehicles after the carmakers were found to have fabricated certification documents, in the latest fallout from the Volkswagen emissions scandal. The government announced in August that it would ban all 10 models after conducting an investigation into whether foreign carmakers besides Volkswagen AG falsified documents on emissions and noise-level tests. Nine of […]
