By Yeganeh Torbati | WASHINGTON WASHINGTON The United States on Friday ratcheted up pressure on Iran, putting sanctions on 13 individuals and 12 entities days after the White House put Tehran “on notice” over a ballistic missile test. The move against Iran is the first by the U.S. government since President Donald Trump took office on Jan. 20 after vowing during his 2016 campaign to get tough […]
The White House has said that Israel’s settlement building programme “may not be helpful”, marking the Trump administration’s first public response to a construction spree on Palestinian lands announced by the government of Benjamin Netanyahu in recent days. The statement, issued two weeks before Mr Netanyahu is due to visit President Donald Trump in Washington, is a rap on the knuckles for the Israeli prime minister, who […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
Conservative Republicans are girding themselves for a clash with Donald Trump’s administration, warning that lax spending plans could put national debt on a steeper upward trajectory. The president has wrongfooted Republican deficit hawks by proposing to slash tax, protect social security and Medicare, boost defence spending and build a wall along the border with Mexico. Some lawmakers fear even fiscally conservative colleagues will buckle in the face […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
SHANGHAI/BEIJING Listed firms controlled by Tomorrow Holdings, the company run by missing Chinese-born businessman Xiao Jianhua, slumped on Friday, despite the parent group saying its businesses were all operating normally. Mystery swirled around billionaire Xiao’s whereabouts earlier this week, with some reports saying he had been abducted from Hong Kong and taken to mainland China. A statement purportedly from Xiao posted in a Hong Kong newspaper said […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
Visa Inc (V.N), the world’s largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network. The company, whose shares were up 3.4 percent in extended trading on Thursday, also affirmed its full-year profit and revenue forecasts. “The battle between strong business fundamentals and unfavorable exchange rate shifts will drive our results as we look ahead to the rest of […]
Panama Papers – How Has Guernsey RespondedMondaq News Alerts (registration)The simple reason for this is that for the past in excess of 20 years Guernsey has been taking active steps to minimise the risk of the types of shortcomings revealed by the Panama Papers happening in Guernsey. And we are continuing to do so. (via Google News)
Tableau published fourth quarter and end of year results after the bell on Thursday. The Seattle-based data visualization firm reported a net loss of $21.1 million, or 28 cents per share. Non-GAAP earnings were 26 cents per share on top of $250.7 million in revenue, up 24 percent year over year. Wall Street was expecting just 13 cents per share with revenue of $230.3 million. Tableau’s shares […]
02 February 2017 For years, mid-tier banks have been told they’re potentially heading for extinction The barbell effect dictates that the middle will be significantly challenged by an increasingly tough business environment, with only the very large and the very niche institutions being able to succeed. And indeed the outlook does look challenging, if one adds up the increased cost of regulatory compliance, the pressure on fees […]
It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to […]
Videos of new robot advancements typically throw the Internet into full buzz mode, complete with headlines about Terminators and “robot overlords.” While some of these bleeding-edge bots are terrifying, it’s not for the reasons all the click-bait headlines would have you believe. If you’re even a casual follower of the Internet’s viral videosphere, you’ve undoubtedly stumbled across the latest clip from Boston Dynamics, the Alphabet-owned […]
President Trump’s mocking tweets about the “failing” New York Times and its “dwindling” subscriber base miss the boost his election and early days in office are giving the company’s business. CEO Mark Thompson stopped short today of saying Trump was the cause of a record 276,000 net quarterly growth in digital subscriptions in the last quarter of 2016 and a continued surge this month, bringing the Times’s […]
By Yashaswini Swamynathan U.S. stocks slipped on Thursday, as bank stocks fell after the Federal Reserve provided little clarity into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed, which left interest rates unchanged on Wednesday, gave no firm signal of a hike in March as it closely watches the impact of […]
One of the outcomes of the Panama Papers scandal could be the “development of policies among European countries that would totally open up the structures by which trusts are run,” Labour MEP Alfred Sant said. Writing in his blog on The Malta Independent today, Dr Sant once again expressed concern that the scandal will have a negative effect on the financial services industry in […]
The Bank of England kept its key interest rate at 0.25%, gilt purchase program at GBP435BN, and corporate-bond plan at GBP10b, voting 9-0 on all 3 decisions. The BOE also raises growth forecasts, while keeping its inflation forecasts broadly unchanged, and said the current policy stance “depended on the trade-off between above-target inflation and slack in the economy.” The central banks also reiterated that “monetary policy could […]
The number of high earners across the EU’s financial institutions leapt in 2015 compared with a year earlier, increasing by 33 per cent. The European Banking Authority, which collated the data, attributed the rise to the weak euro against the pound at the time. Since the UK’s vote to leave the EU last June sterling’s strength against the euro has been battered. The vast majority of those […]
Chocolate industry executives breathed a collective sigh of relief earlier this year after the impact of the bankruptcy of a key cocoa industry player at the end of 2016 remained muted as a result of a weak cocoa market. Expectations of bumper supplies from west Africa, the leading regional producer of cocoa beans, have been weighing on bean prices of the key chocolate ingredient. This has helped […]
Grab has announced plans to invest US$700 million in Indonesia over the next four years, as part of efforts to increase its footprint in a market where it has seen growth. The Southeast Asian ride-sharing operator said Thursday the new investment would support the Indonesian government’s ambition of becoming the region’s largest digital economy by 2020. It would include plans to set up a research and development […]
Deutsche Bank posted a €1.9bn net loss for the fourth quarter, as its performance was weighed down by the cost of its $7.2bn mortgage mis-selling settlement with the US Department of Justice. Germany’s biggest bank took €1.6bn of litigation charges in the final three months of the year, the bulk of which related to the DoJ settlement, which chief executive John Cryan had made one of his […]
Almost a decade on from the financial crisis, a global deadline for reform of the $544tn derivatives market has triggered a last-minute scramble by hundreds of small banks, insurers and pension funds. Many of these institutions use bespoke derivatives such as swaps to protect their operations from sudden changes in asset prices. In a month’s time they face higher costs and regulatory burdens. Plenty are not ready. […]
Authored by Paul Craig Roberts, President Trump says he wants the US to have better relations with Russia and to halt military operations against Muslim countries. But he is being undermined by the Pentagon. The commander of US forces in Europe, General Ben Hodges, has lined up tanks on Poland’s border with Russia and fired salvos that the general says are a message to Russia, not a […]
The banking caucus Economic stability and improved bank safety haven’t stopped supporters of the Choice Act from moving forward with tearing down Dodd-Frank. The bill was introduced in September by Rep. Jeb Hensarling, a Texas Republican who is a deregulation crusader and friend of Vice President Mike Pence; Pence represented Indiana in the House from 2001 to 2013 and was a critic of Dodd-Frank when the law […]
