Photo Steven Mnuchin, left, the secretary of the Treasury, announced sanctions on Monday in response to a chemical weapons attack in Syria. “The United States is sending a strong message with this action that we will not tolerate the use of chemical weapons by any actor,” he said. Credit Stephen Crowley/The New York Times WASHINGTON — The Trump administration on Monday imposed sanctions on 271 employees of […]
By Toby Sterling | AMSTERDAM AMSTERDAM U.S. paint maker PPG Industries (PPG.N) raised its proposed offer for Akzo Nobel (AKZO.AS) by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks. PPG said its proposal was a “final” invitation to Akzo to enter negotiations and included a break fee in case the deal was rejected […]
Saturday, April 29, marks what may be a bittersweet anniversary for the Administration: it is President Trump’s 100th day in office. It could also mark Day 1 of a government shutdown if Congress doesn’t pass a spending bill authorizing funding, or if the president doesn’t sign it before then. This is a risk the GOP will be eager to avoid, although in recent days chatter has again […]
InterContinental Hotels Group announces new signings as well as openings across its MEA brand portfolio at the UAE’s Arabian Travel Market and Arabian Hotel Investment Conference 24 April 2017 Dubai, United Arab Emirates – InterContinental Hotels Group® (IHG), one of the world’s leading global hotel companies, announced four new hotel signings as well as six new hotel openings across the GCC in 2017 at the Arabian Travel […]
Microsoft plans to make the first of its promised integrations between Dynamics 365 and LinkedIn available to customers this Summer. On April 24, Microsoft officials said the company will be ready to integrate Dynamics 365 for Sales with LinkedIn’s Sales Navigator as of July 2017. This integration will help users who have both Dynamics 365 Sales and LinkedIn to get contextual recommendations, provide tailored content, as well […]
US paintmaker PPG Industries raised the tempo in a fierce takeover battle with its rival Akzo Nobel by tabling a third bid that it said valued the Dutch company at €26.9bn. PPG on Monday made a new cash-and-stock offer for the owner of the Dulux brand of paints at €96.75 a share — a premium of 50 per cent over Akzo Nobel’s undisturbed stock price before the […]
By Yashaswini Swamynathan U.S. stock index futures rose sharply on Monday, tracking European and Asian stocks, as investors breathed a sigh of relief after Centrist candidate and market favorite Emmanuel Macron won the first round of the French election. * Polls showed pro-EU Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote next month, reducing the chances of France taking a Britain-like […]
Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s Dax, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who is seen as a 61% to 39% favorite to defeat Le Pen […]
24 April 2017 Dubai – Commercial Bank International (CBI or ‘The Bank’) today announced its financial results for the first quarter (Q1) 2017. Financial highlights – three-months ended 31 March 2017: · Operating Income increased by 9% to AED 203 million versus AED 187 million in Q1 2016. · Net profit of AED 21 million. Advertisement · Net interest income increased by 10% to AED 126 million […]
PARIS Emmanuel Macron’s camp should perhaps keep the champagne on ice a little longer. The young independent centrist’s qualification on Sunday for the runoff of France’s presidential election in two weeks’ time will certainly bring a sigh of relief in European capitals and financial markets; opinion polls suggest he will beat his far-right rival Marine Le Pen with ease. But to have a real chance of implementing […]
For Myanmar’s first generation of bank customers, there is little difference between a Visa card and one from China’s state-controlled card-payment monopoly, UnionPay. With only 2 per cent of the Southeast Asian nation’s 53m people carrying plastic in their wallets, UnionPay’s rapid push into the frontier market will make its red, blue and green logo one of the first that Burmese youth see when opening an account […]
ZURICH LafargeHolcim (LHN.S) is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday. The source said there would be a change in leadership at the cement company following reports in the Financial Times and French newspaper Le Figaro that Olsen […]
Photo King Salman of Saudi Arabia at the 28th Ordinary Summit of the Arab League at the Dead Sea last month. King Salman rescinded a 20 percent cut to ministers’ salaries and promoted two of his sons. Credit Mohammad Hamed/Reuters BEIRUT, Lebanon — King Salman of Saudi Arabia rescinded salary cuts for ministers and restored financial perks for public sector workers in a series of royal decrees […]
LafargeHolcim is close to announcing that its chief executive will step down following an internal investigation into a plant the Swiss-French cement company operated in Syria until September 2014. Eric Olsen’s expected departure would make him the highest-profile casualty of the controversy surrounding a Lafarge cement plant that the company continued operating as Syria descended into civil war. Human rights groups have alleged the company helped finance […]
23 April 2017 Ras Al Khaimah, UAE – Novel international group, a leading highly diversified investment company from China, has signed an agreement with Al Marjan Island (AMI) Company to acquire 720.000 sq. Ft. of landon the man-made island in RasAl Khaimah. Alan Feng, Director, Novel company said that: “Our Group aims at enlarging its presence overseas via high standing partnerships, joint venture and other projects. The […]
Family businesses in the GCC region face serious challenges in a highly competitive modern-day business environment, according to a new report. Orient Planet Research’s study said key issues such as corporate governance and succession continue to stalk family-led enterprises in the region. According to the report, governance, financial and succession concerns are turning into challenges due primarily to the force of globalisation, the rising number of family […]
DUBAI // Owners of electric vehicles are having a hard time finding a place to charge their vehicles’ fuel cells despite the UAE’s growing network of charging stations. With a big push towards green initiatives, some drivers who adopt new technology feel they are getting a raw deal from motorists in conventional vehicles. “I bought a Tesla because it’s good for the environment,” said Mohammed Al Huraimel, […]
22 April 2017 In line with its core values of supporting the community in the Sultanate and developing employment opportunities for Omani youth, Sohar Islamic, Bank Sohar’s Islamic Banking Window, recently participated in the 3rd Intercollegiate Career Fair. The event was organised by Waljat College of Applied Sciences (WCAS) in association with number of colleges in the country and held under the auspices of Dr. Younis Bin […]
By Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump’s promised “big announcement” next week on overhauling the U.S. tax code, a top campaign pledge, will consist of “broad principles and priorities,” an administration official said on Saturday. The president unexpectedly said on Friday at a Treasury Department event that there would be “a big announcement on Wednesday having to do with tax reform.” In a Twitter message […]
Finance ministers and central bankers from around the world have dropped a pledge to resist protectionism, in a further sign that the new US administration’s stance on trade is shifting the global debate. The group from International Monetary Fund member countries issued a statement on Saturday saying they would “promote a level playing field in international trade” but did not reiterate a previous commitment to “resist all […]
In this photograph taken on Monday, April 10, 2017, Luminar CEO Austin Russell gestures while looking at a 3D lidar map on a demonstration drive in San Francisco. Russell, now 22, was barely old enough to drive when he set out to create a safer navigation system for robot-controlled cars. His ambitions are about to be tested five years after he co-founded Luminar Technologies, a Silicon Valley […]
By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc Mélenchon, both critics of the European Union, could top the […]
WASHINGTON Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee (IMFC), the IMF’s steering body, also repeated its past commitments on currency exchange rates. “We will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes,” the […]
By Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump’s promised “big announcement” next week on overhauling the U.S. tax code, a top campaign pledge, will consist of “broad principles and priorities,” an administration official said on Saturday. The president unexpectedly said on Friday at a Treasury Department event that there would be “a big announcement on Wednesday having to do with tax reform.” In a Twitter message […]
