Photo Petra Kvitova, shown serving in the 2016 French Open, is a two-time Wimbledon champion. Credit Michel Euler/Associated Press Petra Kvitova, the two-time Wimbledon tennis champion, was attacked by a man with a knife on Tuesday morning in her apartment in Prostejov, Czech Republic. “In my attempt to defend myself, I was badly injured on my left hand,” Kvitova wrote in a statement posted to her Facebook […]
Turkey’s lira, the second-worst performing currency of 2016, reverted to type with a bout of volatile trading after the country’s central bank kept interest rates unchanged. After strengthening by nearly 1 per cent ahead of the meeting, the lira came back under pressure and was trading at around TL3.54 to the dollar, although another bout of volatility subsequently pushed it higher in late London trading. Concerned about […]
Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]
By Alastair Sharp and Allison Martell | TORONTO TORONTO BlackBerry Ltd (BB.TO)(BBRY.O) on Tuesday posted an adjusted profit that beat expectations even as revenue dropped sharply, as the software growth it is relying on failed to fully make up for its retreat from handsets and lost service fees. The Canadian smartphone pioneer has gone through a wrenching transition in recent years featuring huge writedowns and job cuts […]
Photo Andrey G. Karlov, left, with President Vladimir V. Putin of Russia at Ataturk airport in Turkey in October. Credit Osman Orsal/Reuters Russia’s ambassador to Turkey, Andrey G. Karlov, was killed by a gunman on Monday in Ankara, the capital. Turkish officials said the killer had been a police officer who, after shooting, shouted: “Don’t forget Aleppo! Don’t forget Syria!” Russia’s Foreign Ministry called the assassination a […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
Saudi Arabia’s crude oil exports fell in October by 176,000 barrels per day from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday. The world’s top exporter shipped 7.636 million barrels per day in October, down from 7.812 million bpd in September, according to data from the Joint Organizations Data Initiative (JODI). […]
Your daily guide to community and cultural activities across the Emirates for December 20, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition No White Walls continues at Fairmont Bab Al Bahr, where you can see works created by professional artists in the UAE as part of an initiative to develop the art […]
Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]
Reliance Jio is a great, big, and savvy Indian python that has recently slithered into the telecom space, threatening to swallow the lunch of existing incumbents like Airtel and Vodafone. The question is, will it end up swallowing itself tail-first as well? As I wrote a few months ago, and as you probably may well know, Mukesh Ambani, India’s oil to telecom billionaire who is not known […]
By Tim Cocks and Aaron Ross | KINSHASA KINSHASA Gunfire could be heard in several districts of Kinshasa early on Tuesday as demonstrators demanded that President Joseph Kabila step down after his mandate expired at midnight, and measures to curb dissent fanned fears of more violence. Reuters witnesses in various parts of the Democratic Republic of Congo’s capital city heard repeated gunshots, and one saw youths burning […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Imagine if Snopes, PolitiFact and The Associated Press fact-checked our holiday cards and letters — or many of our daily declarations — for the truth. Facebook, of course, just announced it would team with PolitiFact, FactCheck.org, the Associated Press, ABC […]
19 December 2016 The real estate markets of the two main emirates of the UAE exhibited differing trends over the course of November 2016. While the pleasant weather and cool breeze apparently had a galvanizing effect on the Dubai realty market, things seemed to be cooling down in neighbouring Abu Dhabi. Bayut.com noticed an upward movement of both rents and prices of apartments in Dubai, but apartments […]
Our annual collection of media corrections is, undoubtedly, an excuse to chuckle at our industry’s missteps. But it’s also a recognition of an honorable practice that not everyone follows. Outlets that mark their corrected articles clearly or collect them in one easily searchable section (for example, The Guardian) may be over-represented in this list, but they should be commended. A note on selection: This is a list of media […]
Fitch Ratings-Dubai/London-19 December 2016 The ability of the UAE courts to interpret the federation’s new bankruptcy law and handle bankruptcy proceedings will be key to its effective implementation, Fitch Ratings says. The law is due to come into effect at the end of this month. It aims to create a clear and predictable framework for court-based bankruptcy proceedings as an alternative to liquidation. We think the new […]
German short-term interest rates dropped to a fresh record low on Monday as traders anticipated the effect of New Year policy changes announced by the European Central Bank this month, at a time when market activity begins to ebb in the final days of the year. The yield on two-year Bunds fell to as low as minus 0.82 per cent on Monday, in a sign of demand […]
The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention. While the calendar gets quieter in the weeks ahead over the holiday season, there are a few notable macro events to keep traders occupied. This week, the Bank of Japan and Riksbank deliver their latest policy verdicts, […]
Lennar Corp (LEN.N), the No. 2 U.S. homebuilder, reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a “slow and steady recovery.” An improving job market and attractive mortgage rates continue to fuel demand for housing in the United States, helping homebuilders such as Lennar and PulteGroup Inc (PHM.N). U.S. home prices are set to rise almost 5 percent next year, despite […]
By Letitia Stein | ATLANTA ATLANTA Inside a sunny classroom at a church decorated with rainbow flags, two transgender teenagers exploded into giggles during a dance break from math at Pride School Atlanta. They are among a handful of lesbian, gay, bisexual or transgender (LGBT) youth who have found a haven at the school, which opened this fall at a time when the number of discrimination complaints […]
Better known for its electronic music and street art, Berlin is now also home to an emerging graphic-novel scene in a country that has traditionally treated illustrated stories as children’s literature. Rarely seen in bookstores just a few years ago, German-produced graphic novels now have dedicated shelves, as home-grown artists and foreigners find inspiration in the city. “It was when I moved here that I felt a […]
Bank supervision and anti-money laundering standards need to be toughened in global geopolitical hotspots as a way of tackling the recent decline in so-called correspondent banking, a global group of policymakers has said. The Financial Stability Board, the group of policymakers and regulators that makes recommendations to the G20 nations, said on Monday that its members should assist other countries in drafting legislation and training supervisors to […]
Photo Buses evacuated residents from Fua and Kfarya, Shiite villages near the Syrian city of Aleppo, on Monday. Credit Agence France-Presse — Getty Images BEIRUT, Lebanon — After days of delays and sporadic violence, the evacuation of civilians and fighters from besieged communities in Syria has resumed, with convoys taking people out of Aleppo and two nearby Shiite villages, Syrian state television and opposition conflict monitors reported […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
