While Republican lawmakers in Congress gear up for a drive to cut regulation on the financial sector, bankers and lobbyists have their eyes on another institution in the US capital — the Federal Reserve. On Wednesday Daniel Tarullo, the Fed governor who has been supervising US banks, leaves the institution after eight years during which he assumed a hardline reputation overseeing the rebuilding of US finance from the […]
The ‘Panama Papers‘ scandal was one of the biggest data leaks in history. But a year on from the exposé by the International Consortium of Investigative Journalists (ICIJ), it appears to be simply ‘business as usual’; as few governments have meaningfully tackled the issues of tax avoidance and evasion. Unparalleled leaks The leak was huge. It contained 11.5 million documents, and named more than 200,000 companies, 14,153 clients in […]
Head and neck scans are one of the areas where Google’s DeepMind will be finetuning its health skills. Image: AKO Kung, Getty Images/iStockphoto Healthcare has always been seen as rich pickings for artificial intelligence: when IBM first decided to kit out Watson for use in the enterprise, its earliest commercial test was in cancer care. There are a number of reasons why health and artificial intelligence might […]
For traders trying to decipher if Opec’s output cuts are finally tightening the oil market, the evidence may lie out at sea. Data provided to the Financial Times show that crude oil being shipped over the oceans or stored on supertankers has dropped by as much as 16 per cent since the beginning of the year, in a signal that supplies could be dropping faster than many […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]
April 4, 2017 by: Hudson Lockett in Hong Kong Tuesday 06.00 BST Overview Asian bonds rallied on Tuesday and yield on US Treasuries dipped to a five-week low ahead of key US events later in the week, while sentiment on South Africa’s rand soured further after S&P downgraded the country’s credit rating. Hot topic The yield, which moves inversely to price, on 10-year US Treasuries rose 1 […]
One year ago today a group of more than 300 journalists in 79 countries sent a powerful message to the corrupt: you can no longer hide. The publication of the Panama Papers on 3 April 2016 was a shot heard around the world against corruption. Suddenly one of the most closely held secrets of the biggest criminals was revealed – where and how they hide their money. […]
Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another futile effort to save the system from insolvency. Despite support for the original legislation introduced by Dan Flynn, chair of the pensions committee in the […]
Under the patronage of Prime Minister and Minister of the Interior, His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, QDB will officially open 2nd Government Procurement & Contracting Conference and Exhibition – Moushtarayat 2017 – to the public from 6 to 8 April 2017 The expo is held in partnership with the Ministry of Finance (MoF) National Procurement Awards to recognize big buyers that have contributed […]
A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday. AIG ranked last through March 21 among 10 insurers rated by their own employees in categories ranging from career opportunities to business outlook, according to a UBS analysis of data from […]
That big hug was just what Mr. Sisi’s government sought, said Eric Trager, a scholar on Egypt at the Washington Institute for Near East Policy. “It wants to see the White House legitimate it, and set it on a new course.” Continue reading the main story The scene provided a powerful counterpoint to Mr. Sisi’s many critics, in Egypt and abroad, for whom he is known as […]
The annual Cesco Week gathering for the global copper industry starts Monday in Santiago. For the first time in five years, attendees arriving in the Chilean capital can reflect on a copper price that is higher than at the previous year’s event. However, optimism that 2017 represents a turning point in the market should be tempered by the realisation that any sustained recovery in the copper price […]
ZDNet ST. MAARTEN: The cybercriminals allegedly responsible for an attack on Bangladesh’s central bank which left the country’s wallet millions of dollars lighter is showing “no signs of stopping,” according to security experts. The group, dubbed Lazarus, managed to dupe banking staff into transferring $80 million from the Central Bank of Bangladesh’s New York Federal Reserve account after spending several months studying how the financial institutions communicated […]
A new sexual harassment lawsuit against Rupert Murdoch’s Fox News Channel has increased the pressure on the cable network with allegations that Bill Shine, its co-president, failed to protect a female contributor from retaliation by Roger Ailes after she spurned his unwanted advances. Julie Roginsky, a Fox News contributor and political consultant, alleged in a complaint filed in New York State supreme court that she was denied […]
Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]
You need Javascript and either Adobe Flash or Html5 to view this video. You need Javascript and either Adobe Flash or Html5 to view this video. Video: Matthew Mirabelli Konrad Mizzi is refusing to reply to any more questions on his involvement in the Panama Papers, saying that he has now exhausted all questions on the matter. Following a press conference on a new joint venture with […]
By Guy Faulconbridge | LONDON LONDON Just days after Prime Minister Theresa May formally served the European Union with divorce papers, a powerful affliction appeared to strike some in Britain: Brexit fever. Amid a row with Spain and the EU over the status of Gibraltar, a former leader of May’s Conservative party, Michael Howard, even said she would be prepared to go to war to defend the […]
Spain’s foreign minister Alfonso Dastis has said his government is “surprised” at the tone of commentary in the UK over Gibraltar, after a weekend in which former Tory leader Michael Howard suggested Britain could go to war to defend the territory. “I think that someone in the UK is losing their temper and there’s no reason for that,” said Mr Dastis, as he sought to play down […]
To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics. “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]
PARIS French presidential candidate Francois Fillon, an outsider to win after involvement in financial scandal, said on Monday he would order a parliamentary inquiry into allegations President Francois Hollande interfered in the justice system, if elected. Once the frontrunner, the conservative former prime minister’s poll ratings have slumped since allegations surfaced that he paid his wife and sons hundreds of thousands of euros of public money for […]
The merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) formally completed on Sunday, as the board of directors unveiled a new name for the bank. In a statement, the board of directors announced that the merged entity would be named First Abu Dhabi Bank, subject to regulatory approvals and following a General Assembly Meeting to be held “at a later stage” to […]
Australia’s house prices are rising at their fastest pace in seven years, igniting fears of an emerging property bubble and prompting regulators to crack down on risky bank lending. New figures on Monday show residential property prices have increased 12.9 per cent in the past 12 months, with prices in Sydney surging 18.9 per cent — the fastest rate of growth in almost 15 years. “Four of […]
Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]
Since it first entered service with the Soviet army in 1948, the AK-47 and its derivatives have become the world’s most widely used assault rifles. As Statista’s Niall McCarty writes, in his book “AK47: The Story of The People’s Gun”, author Michael Hodges estimates that there are as many as 200 million Kalashnikov rifles in circulation, one for every 35 people on earth. Its popularity among soldiers, […]
