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The Ivanka Trump boycott appears to have backfired. One month after several brand name retailers announced they would no longer carry the 35-year-old’s clothing and accessories, Ivanka Trump’s women’s fashion line has seen record February sales. The collection said they had some of the highest performing weeks since the brand was launched last month. “Since the beginning of February, they were some of the best performing weeks […]

By Yashaswini Swamynathan U.S. stocks were little changed on Wednesday as investors focused on Friday’s crucial nonfarm payrolls report after a better-than-expected private hiring report strengthened chances of a rate increase next week. Financial stocks rose after the ADP National Employment report showed that the U.S. private sector added 298,000 jobs last month, blowing past economists’ average estimate of 190,000. The S&P 500 financial index .SPSY rose […]

“Talk is cheap, implementation is difficult,” said Fadel Gheit, a senior oil company analyst at Oppenheimer & Company. “They will have to recreate books that never existed.” Photo Khalid A. al-Falih, Saudi Arabia’s energy minister and chairman of Saudi Aramco, speaking at a conference in Houston on Tuesday. Credit Melissa Phillip/Houston Chronicle, via Associated Press As a prize, there are fewer bigger than Saudi Aramco. The Saudis […]

Salesforce has built in its Einstein artificial intelligence platform and the upshot is that the move appears to be a smart way to grow organically and hit its revenue growth targets. special feature How to Implement AI and Machine Learning The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it and […]

For many, South Korea’s decision to host a missile shield to defend against its hostile northern neighbour should not be controversial. In the past month alone, North Korea has fired six ballistic missiles, with a barrage of four successful launches on Monday trumpeted by Pyongyang as being a drill targeting US bases in Japan. But in a region riven by simmering historical grievances, Seoul’s move has sparked a bitter […]

The two Fortune 500 companies, International Business Machines corp. (IBM) and Salesforce, have agreed to integrate their artificial intelligence platforms and some of their software and service components. As part of the deal, Salesforce customers could make use of the data from IBM’s Watson artificial intelligence platforms whereas IBM would be deploying Salesforce Service Cloud for internal use, more or less a sign of good will. The […]

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends a meeting at the Executive Council offices in Emirates Towers, where he approved a law to facilitate speedy rulings on minor cases. Also in attendance were Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai and Chairman of the Judicial Council, and Sheikh Ahmed bin Saeed, chairman of Dubai Civil Aviation and chief executive of Emirates Group […]

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Providing Innovative Financing Solutions to Buyers Interested In Purchasing Residential Units Muscat, March 08, 2017 Sohar Islamic, Bank Sohar’s Islamic Banking Window signed a memorandum of understanding (MoU) with National Mass Housing, a developer of integrated housing communities, to provide preferential Shari’ah Compliant financing solutions to potential Omani’s buyers for purchasing residential units in the upcoming Areej project – phase 2 located in Muscat. The purpose of […]

Hey, it’s boss week here at Local Edition. This week, we’re going to spend a little time with a Florida editor who doesn’t fit many molds (started as a designer, doesn’t care for sandy beaches, etc.) As a reminder, this is week three in our four-week conversation about why we’re still in journalism. (You can subscribe here.) Hang around after the boss talk for a peek at […]

By Matt Spetalnick and David Brunnstrom | WASHINGTON WASHINGTON Faced with a growing test of resolve for a new U.S. president who vowed while campaigning to get tough on North Korea, Donald Trump’s aides are pressing to complete a strategy review on how to counter Pyongyang’s missile and nuclear threats. Pyongyang’s latest missile launches and the assassination in Malaysia of North Korean leader Kim Jong Un’s estranged […]

A buoyant stock market and improving US economic growth have given the Federal Reserve cover to lift interest rates three times this year, including when it meets in less than a fortnight, a Financial Times survey of top economists has found. About three-quarters of the 43 economists surveyed in March said the Fed would increase interest rates by 75 basis points in 2017, a capitulation from months […]

Shanghai is regarded as the leading hub outside of Silicon Valley for technology innovations for the next four years, according to a KPMG report released on Monday. The report, claiming to reflect the viewpoints of over 800 global technology business leaders, placed Shanghai, New York, Tokyo, Beijing, and London in the first five places. The report explained that Shanghai became the top pick outside of Silicon Valley […]

By Jennifer Ablan | NEW YORK NEW YORK Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles-based DoubleLine, said U.S. economic data support a rate increase as soon as […]

Banks have structured some unusual and complex deals for European companies to raise capital through a combination of debt and equity derivatives in recent weeks, reflecting investor enthusiasm for convertible securities. Last week BASF launched a $600m bond bundled with warrants, in a so-called neutral structure which effectively makes the chemicals group a middleman between its investors and its banks.  The deal, put together by Deutsche Bank, […]

By Laila Kearney | NEW YORK NEW YORK A new round of bomb threats against Jewish community centres across the United States and in Canada forced lockdowns and evacuations on Tuesday, and all 100 U.S. senators asked the federal government to help them enhance security. Threats were phoned in or emailed to JCCs in states including New York, Wisconsin, Illinois and Florida overnight and early on Tuesday. […]

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters. It recently helped broker a C$5 billion ($3.7 billion) investment partnership between Dubai ports operator DP World and Caisse de depot et placement du Quebec, Canada’s second-largest public pension fund. “We think this could be […]

By Jonathan Stempel | NEW YORK NEW YORK PricewaterhouseCoopers LLP [PWC.UL] pinned the blame for MF Global Holdings Ltd’s collapse squarely on the commodity brokerage and its former chief executive, Jon Corzine, at the start on Tuesday of a trial over whether the auditor should pay about $3 billion for its alleged negligence. Jurors are considering a demand by MF Global’s bankruptcy plan administrator that PwC be […]

The biggest impact investing deal to ever see the light of day — that is how a fascinating new hedge fund deal is being touted. Impact investing is the practice of trying to make a measurable, positive societal impact as well as making a financial return on your money. The US hedge fund Mariner Investment Group reckons it has found a way to turn an investment of about $150m into […]

Brazil’s economy shrank 3.6 per cent last year as high inflation, a runaway budget deficit and political turmoil drove the country to its worst recession on record.  The contraction, which was felt across almost all economic sectors from industry to services, was slightly worse than economists’ estimates and only marginally better than 2015, when gross domestic product contracted 3.8 per cent.  GDP in the final three months […]

How do you solve a problem like China’s excess corn stocks? Use it to make translucent film for greenhouses is one answer, its most influential agricultural expert said on Monday, as Beijing casts about for ways to rid itself of unwanted stores of corn and other agricultural commodities built up in recent years. The end of China’s failed minimum price policy for corn has forced a restructuring of […]

The Supreme Court on Tuesday asked the Centre to file the six reports of various agencies in a sealed cover within four weeks in connection with the Panama papers leak case. Lawyer Manohar Lal Sharma had filed a plea in the apex court seeking a thorough investigation into the case. The apex court said after going through the reports it would see whether […]

GoldenEye ransomware targets human resources departments because they’re used to opening emails and attachments from unknown sources. Image: Ali Donzanti What is a ransomware attack? Cybercriminals didn’t use to be so obvious. If hackers infiltrated your corporate network, they would do everything possible to avoid detection. It was in their best interests not to alert a victim that they’d fallen victim to cybercrime. But now, if you […]

Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]

Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]

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