ABU DHABI // Calls for a law that allows the preservation of frozen embryos for fertility treatment are among the issues before the Federal National Council on Tuesday. Azza bin Suleiman, from Dubai, said members of the public had raised the issue and she had spoken to patients seeking fertility treatment abroad during a recent visit to Belgium. Amending the law to allow fertilised eggs to be […]
Banks have flooded the market with debt in the first days of the new year, propelling a record pace of bond sales as companies seek to lock in borrowing costs before interest rates rise further. The sales have been met with ample investor appetite ahead of the fourth-quarter earnings season, when the majority of US banks are expected to report improved profitability. Banks have sold $42bn of the […]
By Rodrigo Campos | NEW YORK NEW YORK Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance. Real estate investment trusts typically perform poorly in an environment of rising interest rates, as they are used by some investors as a proxy for […]
DUBAI // A law aimed at preventing ownership, trading and breeding of dangerous, wild and exotic animals will be strengthened by education and additional welfare measures, a Government minister says. “The law aims to safeguard community members from the risks that may be caused by these animals, as well as to protect those animals from extinction,” said Dr Thani Al Zeyoudi, Minister of Climate Change and Environment. […]
CHICAGO A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America’s mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said. Powell, speaking on Saturday at a conference, did not mention the incoming Trump administration by name but his comments suggest some Trump policies will be welcomed by U.S. central […]
Banks and petrochemicals stocks could be relative strong performers in the GCC in 2017 thanks to benchmark interest rate rises and a recovery in the global crude oil price, although slowing economic growth may weigh on regional markets. Both sectors have suffered in the last couple of years due to the dramatic oil price decline. The knock-on effect of lower investment and economic growth hit banks, with […]
Here are the big questions for investors ahead of the coming trading week. What impact will Donald Trump’s press conference have on markets? “I will be having a general news conference on JANUARY ELEVENTH in N.Y.C. Thank you.” That was how the president-elect last week [3] tweeted news of what is surely the first big market-moving event of the year — if it takes place. Mr Trump […]
NEW YORK China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to a person familiar with the discussions. The talks to revitalize the 41-floor building located at 666 Fifth Avenue, were first reported by the New York […]
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. Even when it comes to brutality, little is left to the media imagination these days. The latest example of the decline in consensus about the acceptable involves the Facebook video of a mentally disabled Chicago man who was attacked and […]
08 January 2017 Abu Dhabi, United Arab Emirates – (ME NewsWire): The American University of Ras Al Khaimah (AURAK) has signed a partnership agreement with the UAE Space Agency, officially putting pen to paper in the federal institution’s head office in Abu Dhabi. A delegation from the university, consisting of Professor Hassan Hamdan Al Alkim, its president, Professor Mousa Mohsen, dean of the School of Engineering and […]
Russian President Vladimir Putin personally approved cyber attacks aimed at interfering with last year’s presidential election motivated by “a clear preference” for Donald Trump, according to a newly declassified report by the US intelligence community. “Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the US presidential election,” the report concluded. “Russia’s goals were to undermine public faith in the US democratic process, denigrate […]
The amount of money making bets that US Treasuries will fall in value climbed to a new record high over the last week in a wager that faster US economic growth and higher inflation will weigh further on government bond prices. So-called “non-commercial” speculative positions selling the 10-year Treasury futures contract have been rising since the US presidential election and hit 816,156 contracts in the week to […]
Submitted by Brandon Smith via Alt-Market.com, Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel […]
By Christine Murray | SAN LUIS POTOSI, Mexico SAN LUIS POTOSI, Mexico Ford Motor Co’s (F.N) abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump’s agenda poses to the country’s broader economy. Many auto parts makers had started to expand in anticipation of […]
KINI ROUNDUP Here are the key headlines you may have missed yesterday, in brief. Auditor Parker Randall in spotlight Petaling Jaya Utara MP Tony Pua claimed 1MDB failed to disclose that it is local firm Afrizan Tarmili Khairul Azhar (Aftaas) that would be auditing 1MDB when it announced Parker Randall as its new auditor. “Aftaas is a member of Parker Randall International, an international association of audit […]
By Harriet McLeod | CHARLESTON, S.C. CHARLESTON, S.C. Jurors could begin deliberating on Tuesday whether white supremacist Dylann Roof should be sentenced to death or life in prison for killing nine black people at a historic church in Charleston, South Carolina, a federal judge said on Friday. The same jury that found Roof, 22, guilty last month of 33 federal charges including hate crimes heard a third […]
By Ann Saphir and Jason Lange | CHICAGO CHICAGO Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. The comments from Evans, a voting member of the Fed’s policy committee this year, reinforced the view that the […]
A round-up of major happenings in Pakistan in the last week. Pakistan Prime Minister Nawaz Sharif. Credit: PTI Panama Papers investigation After weeks of acrimony, the first day in office for new Chief Justice Mian Saqib Nisar was an unusually harmonious one, with all parties hailing the constitution of a new bench for the Panama Papers hearings that will resume on January 4. Nisar excluded himself from […]
January 6, 2017 by: Adam Samson in New York US wage growth accelerated to the quickest pace since 2009 last month, underscoring rising inflationary pressure as President Barack Obama prepares to pass the torch to Donald Trump. Average hourly earnings climbed 0.4 per cent in December from the previous month, beating expectations for a 0.3 per cent pick-up, the Labor Department said in the final employment report […]
This story is a collaboration between Kaiser Health News and the Center for Public Integrity. Six years ago, federal health officials were confident they could save taxpayers hundreds of millions of dollars annually by auditing private Medicare Advantage insurance plans that allegedly overcharged the government for medical services. An initial round of audits found that Medicare had potentially overpaid five of the health plans $128 million in […]
By Yashaswini Swamynathan U.S. stocks edged lower on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. Average hourly earnings increased 10 cents, or 0.4 percent, after slipping 0.1 […]
By Isabel Coles and Saif Hameed | NORTH OF MOSUL, Iraq/BAGHDAD NORTH OF MOSUL, Iraq/BAGHDAD Elite Iraqi troops bridged a river under the cover of darkness to seize a district of Mosul in an unprecedented night raid early on Friday, part of a new phase in the battle to capture the city from Islamic State after weeks of slowed momentum. Since last week, Iraqi forces have launched […]
By Susan Cornwell and Susan Heavey | WASHINGTON WASHINGTON Senate Democrats on Thursday demanded an ethics probe into Tom Price, President-elect Donald Trump’s pick for U.S. health secretary, following a report that the fierce Obamacare critic traded in healthcare company stocks while pushing legislation in Congress that could affect those shares. Senate Democratic leader Chuck Schumer and others made their comments as congressional Republicans moved ahead with […]
It appears Newt Gingrich was right in his outrage at the hypocrisy surrounding the kidnapping and abuse of a mentally-ill white teen by four young black assailants. Despite the suspects shouting “fuck Donald Trump” and “fuck white people”, Chicago police said today that they do not believe the attack was motivated by race, more likely due to his “special needs.” As a reminder, this is what Gingrich, […]
