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. […]
By Erik Kirschbaum | BERLIN BERLIN A Syrian migrant who arrived in Germany two years ago has been arrested on suspicion of seeking funds from Islamic State to drive truck bombs into a crowd, a German state prosecutor’s office said on Monday. The arrest follows an attack two weeks ago when a Tunisian whose asylum request had been rejected rammed a truck into a Berlin Christmas market, […]
Welcome to a new year and the pressing market issues facing investors as they look to put money to work and navigate 2017. Geopolitical surprises upended expectations last year and few predicted that 2016 would end with a global bull market in equities, while bond yields remain relatively low. Will strategists be any better at forecasting this time around? Here are the big questions that will preoccupy […]
By Sankalp Phartiyal | MUMBAI MUMBAI Smartphone component maker Wistron Corp, which counts Apple Inc among its customers, has applied for permission to expand its plant in the Indian city of Bengaluru, a high-ranking regional government official said on Monday. The Taiwanese contract manufacturer has also requested that its application be fast-tracked, the official at the state government of Karnataka in southern India told Reuters. The move […]
In the last two months of the year, financial markets responded to the unanticipated election of Donald Trump in a textbook fashion — not only at the asset class level, with the major moves up in stocks and government yields, but also within asset classes as financials and the dollar surged. In doing so, they were responding to prospects for higher growth, inflation and market inflows following […]
Chinese residents hoping to cash out of the renminbi will face a great wall of paperwork on Tuesday in a key test of confidence for the currency as the annual quota for individuals’ foreign exchange purchases resets. With individuals in China allowed to purchase up to $50,000 worth of foreign exchange each calendar year, observers will be watching closely for any signs of a rush to use […]
By Isabel Coles and Ali al-Rubaie | MOSUL/HILLA, Iraq MOSUL/HILLA, Iraq Islamic State attacked an Iraqi police checkpoint near the southern city of Najaf on Sunday, killing seven policemen as government forces in the north made more gains against the militants in Mosul, their last major stronghold in the country. The Najaf attack, which involved gunmen and a suicide car bomb, followed blasts a day earlier in […]
Last Updated On 01 January,2017 12:58 am As we are saying pip pip to the year 2016, let’s scroll through the most significant happenings of soon-to-be previous year. While doing so, we will get to know that some of the events and happenings can truly be termed as defining moments in history. One of such phenomenon was Panama Leaks that for a moment not only shook the […]
Hawaii’s Department of Land and Natural Resources (DLNR) announced on Friday, Dec. 30, that access to the Ahihi-Kinau Natural Area Reserve in South Maui has been closed after a whale carcass was washed ashore in the area. The carcass is believed to be that of a humpback whale, and it is the fifth one to be beached on the shoreline in recent weeks. Other whale carcasses have […]
ISLAMABAD: Justice Saqib Nisar on Saturday took oath as the chief justice of Pakistan (CJP). He is the 25th chief justice of the Supreme Court who will serve on the post until January 17, 2019. President Mamnoon Hussain had accorded approval to appoint him as the CJP on December 7. The president administered the oath at Presidency. Prime Minister Nawaz Sharif also attended the ceremony besides Senate […]
Authored by Eric Zuesse via Strategic-Culture.org, I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true not just because of the sad realities such as that «Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time» — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study: «94 percent of the […]
U.S. fishing and hunting equipment retailer Cabela’s Inc (CAB.N), which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela’s shares were down 7.6 percent at $56.98 in premarket trading on Friday. Cabela’s did not provide details about the FTC’s request. As part of the proposed $5.5 billion deal, announced in […]
The women cowered behind a flimsy bedroom door. One of them dialed 911. Another clutched a stubby kitchen knife. Continue reading the main story Since leaving the corps in 2012, Siatta had been unable to switch off the habits of war. He was hypervigilant and struggled to relax. He watched people, sizing them up and scanning for threats. In the varying situations of everyday life, he constantly […]
The Central Bank of Oman will be forced to follow the US Fed’s tightening cycle over the coming months, despite low inflation and rising liquidity pressures at home, according to BMI Research. It said in a research noted that combined with low commodity prices, the strength of the US dollar, and weaker economic activity, Oman will adopt a more hawkish monetary policy to lead to average consumer […]
Welcomes naming of new SC bench KARACHI: Chairman of Pakistan Tehreek-e-Insaf Imran Khan has welcomed the constitution of a new bench by the Supreme Court of Pakistan to resume the hearing in the case of Panama Papers, saying that he would accept the decision by the new bench. Speaking at a press conference here at the Insaf House on Saturday, the PTI chief appealed to the […]
2016 was jampacked with so many discoveries and technological advancements, and it looks like the tech world has no plans of slowing down in 2017. From augmented and virtual realities to artificial intelligence and new versions of wearable devices, 2017 has it all in store for you. Augmented, Virtual And Mixed Reality The year 2016 saw the intregration of this technology into the market. The boom of the […]
By Kim Palmer | CLEVELAND CLEVELAND Divers were set to plunge into Lake Erie on Saturday to look for the remains of six people who are presumed to have died when their small plane crashed into the frigid lake shortly after taking off from a Cleveland airport, officials said. The aircraft was carrying John Fleming, 46, president and chief executive of Ohio-based liquor distribution company Superior Beverage […]
By Lewis Krauskopf and Chuck Mikolajczak | NEW YORK NEW YORK After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 percent price gain for 2016 and around 12 percent on a total return basis, […]
By Frank McGurty | NEW YORK NEW YORK New York City is preparing for a veritable sea of humanity to converge on Times Square on Saturday for the annual descent of the New Year’s Eve ball, a century-old tradition that will unfold this year under an unprecedented blanket of security. As many as 2 million people, surrounded by a ring of 40-ton sand trucks and some 7,000 […]
Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016. The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries. Borders are back in vogue. Economic nationalism is paying political dividends. “We […]
AJMAN // People who abuse animals should be jailed and the public made more aware of why people should be kinder to pets and strays, animal welfare groups say. After several high-profile incidents this year, Fatima Al Zaabi, co-founder of Protection of Animal Rights Association in Dubai, said more education and tougher enforcement of laws would help to ensure there is no repeat of cruelty cases next […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. The dollar index .DXY, which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since […]
For those out of the loop, Amazon has just been granted a patent for an “airborne fulfillment center utilizing unmanned aerial vehicles for item delivery,” a fancy phrase for what’s essentially a flying warehouse. The U.S. Patent and Trademark Office had already handed Amazon the go-ahead back in April, but only now have the plans surfaced online via the office’s website. What’s described in the patents, as others […]
Investors’ positions fluctuated wildly this year after unexpected election results in the UK and US upended markets, ultimately propelling a global stock rally and selling of government bonds as portfolio managers readied for the arrival of fiscal stimulus and inflation. A $66bn rotation into US stocks over the past eight weeks reflects expectations for faster global growth and inflation in the wake of Donald Trump’s surprise US […]
