By Sijia Jiang | HONG KONG HONG KONG Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire […]
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa JOHANNESBURG, South Africa, March 16, 2017 The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo (www.Infomineo.com ), a global business research company specialising in […]
Office of Government Ethics officials confirmed that four meetings with McGahn ultimately materialized, including one in person. In addition to McGahn, a former Federal Election Commission chairman who is now Trump’s top lawyer, Jones Day attorney Ann Donaldson took part. Jones Day, a private law firm where McGahn was a partner before going to the White House, provided Trump with legal counsel during his campaign. In a […]
The parkas that have made it to the top of Mount Everest and the cover of Sports Illustrated’s swimsuit edition have found their way to Wall Street. Shares of Canada Goose, the maker of down winter coats with coyote fur trim and a circle patch logo, soared in their New York debut on Thursday, rising 26 per cent to $16.08 after pricing at $12.78 a piece, above […]
ABU DHABI // Tobacco as well as fizzy and energy drinks are expected to be taxed this year, the Minister of State for Financial Affairs announced. Obaid Al Tayer was speaking on Wednesday as the Federal National Council approved a draft law that paves the way for value-added tax (VAT) and excise duties on selected items, by setting up a legal framework for taxation. While the GCC […]
From lush landscapes to buzzing cities, Vietnam is designed to dazzle. Few countries have changed so much in so little time. This intrepid corner of Southeast Asia has persevered through colonialism, communism, war and poverty, and like the proverbial phoenix, has risen again to claim top spots on countless bucket lists. Prepare for sensory overload. Though it has not forgotten its past, Vietnam has come roaring into […]
Underlying net profit up 7.3%, driven by continued margin expansion Aamal Company Board recommends a cash dividend of 6% (QAR 0.60 a share) Doha, 15 March 2017 The Board of Directors of Aamal Company QPSC (“Aamal”), one of the GCC’s fastest growing diversified companies, today announces the financial results for the year ended 31 December 2016 Financial Highlights Group revenue marginally down, by 1.8%, to QAR 2,829.1m […]
Key points ● Treasury yields have fallen, with the 10-year yield lower by 9 basis points to 2.50 per cent● Market expectations for at least four Federal Reserve rate increases this year dipped to less than one-in-five● Wall Street has extended gains, S&P 500 gaining as much as 0.9 per cent to 2,387.23● US dollar falls across the board, with the dollar index down 1 per cent […]
Platform empowers SMEs to launch customizable online stores within 24 hours Chanbar.com leverages Facebook Messenger to place merchants in direct contact with customers Promoting inclusive, sustainable growth and jobs for the Iraqi community Advertisement Baghdad, Iraq – 15 March, 2017 Iraq Wallet, the country’s leading mobile wallet and digital payment company, announces it has expanded its ‘ZainCash’ service by introducing and launching chanbar.com, a multi-channel, cloud-based e-commerce […]
By Dustin Volz | WASHINGTON WASHINGTON The U.S. government on Wednesday unsealed charges against two Russian spies and two criminal hackers for allegedly pilfering 500 million Yahoo user accounts in 2014, The indictments, announced at a news conference in Washington, represent the first time the U.S. government has criminally charged Russian officials for cyber offenses. The content of at least 30 million accounts were accessed as part […]
A grand jury in California has charged four people — including two Russian intelligence officers — in a pair of computer hacks against Yahoo that victimised hundreds of millions of consumers, the US Justice Department said on Wednesday. The men penetrated Yahoo’s email accounts, often using “spear phishing” emails, and used information they obtained to access other accounts at Yahoo and Google. Among those targeted were Russian […]
With the oil market showing signs of losing faith in a price rebound, Opec is now asking itself: what more can it do? Production cuts agreed late last year between some of the world’s biggest producers inside and outside the cartel, are losing their sway given the near 10 per cent drop in the Brent benchmark over the past week. Brimming global storage tanks and a resurgent […]
The feature also lets friends exchange money with people who use non-Gmail addresses. Image: Google Google’s Wallet-powered money exchange feature from Gmail on the web has come to its Android app. The feature lets Gmail users send and request money using the same process as attaching photos and other files. After selecting a recipient, the payee simply taps the attachment icon and selects either the “send money” […]
Most of the South African taxpayers cited in the Panama Papers and identified as risky by the South African Revenue Service (SARS) had used a very similar offshore structure, which was facilitated by a single domestic intermediary, SARS disclosed on Wednesday. The information emerged during an engagement by three parliamentary committees with a range of government departments and agencies involved in the fight against illicit financial flows, […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
Ride-sharing operator Grab has unveiled two new research facilities in Bangalore and Ho Chi Minh City, as well as plans to add more than 800 jobs across six of such centres worldwide over two years. The new hires would support four other R&D sites including Singapore, Beijing, Jakarta, and Seattle, the company said in a statement Wednesday. Its research efforts would focus on building out Grab’s transport […]
By Kevin Yao and Ryan Woo | BEIJING BEIJING China’s Premier Li Keqiang reassured investors on Wednesday that the world’s second-largest economy is strong and not at risk of a hard landing, while stressing Beijing’s support for globalization and free trade at a time of rising protectionism. Li also reiterated that China does not want a trade war with the United States, and urged talks with Washington […]
China plans to introduce a bond trading link between Hong Kong and the mainland by year-end, according to premier Li Keqiang. Dubbed “Bond Connect”, the programme would operate alongside the existing Stock Connect system that allows international and mainland investors their only direct access to each others’ markets. On Wednesday, the Chinese premier said: “We are preparing to implement for the first time this year a bond […]
Bahrain’s GFH Financial Group may merge with Dubai-based Shuaa Capital, GFH said on Tuesday, confirming market speculation that sent both companies’ share prices surging this week. “GFH has been in discussion with several financial institutions, including Shuaa Capital, for potential majority shares acquisitions of those financial institutions and/or mergers,” GFH said in a statement to the Bahrain bourse, without disclosing further details. A spokesman for Shuaa declined […]
NBC coined the slogan “Must-See TV” more than two decades ago; tonight, MSNBC invented “hurry-up-and-wait” TV. In an excruciatingly delayed primetime media extravaganza that was reminiscent of Geraldo Rivera’s slow-as-molasses unveiling of Al Capone’s vault in 1986, Rachel Maddow used her show Tuesday night to release a portion of President Trump’s tax returns from 2005. In doing so, the broadcast became a cautionary tale about the dangers […]
NEW YORK — Millions of records from a commercial corporate database have been leaked. The database, about 52 gigabytes in size, contains just under 33.7 million unique email addresses and other contact information from employees of thousands of companies, representing a large portion of the US corporate population. Dun & Bradstreet, a business services giant, confirmed that it owns the database, which it acquired as part of […]
As the UAE continues to evolve, Standard Chartered is at the forefront of innovative financial services. By investing heavily in the digital space, not only does Standard Chartered future-proof investments, but continue to explore new and exciting opportunities, as Julian Wynter, chief executive officer of Standard Chartered UAE, explains. What macro-economic fundamentals make the UAE such a good market for Standard Chartered? For us, the UAE continues […]
Toyota Motor Corp signed a memorandum of understanding (MOU) on Tuesday with a Saudi Arabian government agency to conduct a feasibility study into producing vehicles and parts in the Middle Eastern nation. The move, if firmed up, would be a big step for the Saudi economy as the government tries to diversify beyond oil exports and create jobs as part of the kingdom’s 2030 Vision. So far, […]
Ant Financial Services Group, the financial services affiliate of China’s Alibaba Group Holding Ltd (BABA.N), said on Tuesday it remained committed to the consummation of its merger with U.S. money-transfer company MoneyGram International Inc (MGI.O), after Euronet Worldwide Inc (EEFT.O) trumped its offer. U.S. electronic payments company Euronet Worldwide launched a $1 billion bid for MoneyGram on Tuesday, saying that its all-American deal would face less regulatory […]
