In this Thursday, Jan. 19, 2017, photo, a fake news story is positioned near ads from major global corporations on The Red Elephants website. It may not be intentional, but major corporations are helping prop up sites that publish false news stories. Experts say it’s not so easy for brands to make sure they don’t end up on websites that publish false stories. (The Red Elephants via […]
The law firm Mossack Fonseca & Co in Panama City, Panama | Joe Raedle/Getty Images Center-right MEPs want to water down rules proposed in the aftermath of last year’s Panama Papers scandal — a leak of more than 11 million documents from the Panama-based law firm Mossack Fonseca — over concerns about privacy. The proposed changes to EU anti-money laundering laws are currently bogged down in confidential discussions between MEPs […]
Despite the Trump administration’s chaotic start, there is one man who has every reason to thank the new US president — Haruhiko Kuroda, governor of the Bank of Japan. At a policy meeting this week, Mr Kuroda’s BoJ is set to edge upwards its growth forecasts for Japan, reflecting a Japanese economic outlook transformed by Mr Trump’s election and subsequent weakness in the yen. The US election […]
By Ingrid Melander | PARIS PARIS Thousands of supporters gave embattled French presidential candidate Francois Fillon and his wife a standing ovation at a rally on Sunday, in a show of support after his campaign was thrown off track by allegations of misuse of public funds. Satirical weekly Le Canard Enchaine reported on Wednesday that Penelope Fillon had been paid thousands of euros as a parliamentary assistant […]
An activist fund with a history of pressuring Japanese management has emerged as the largest minority shareholder of PanaHome — the housebuilder at the heart of a spiralling proxy battle and pivotal test of Japan’s corporate governance code. As of Friday, Oasis Capital, which is led by Seth Fischer, held some 4.83 per cent of PanaHome, putting the fund ahead of Japan’s Government Pension Investment Fund (which […]
The options for going elsewhere might soon shrink. At least 16 other countries have committed to creating similar public registries, according to Global Witness. In Ottawa, Finance Minister Bill Morneau says the issue is on the radar. “We’re absolutely in favour of knowing who is registering companies, what their goals are and what taxes they should be paying in our country and that they’re not in any […]
Your daily guide to community and cultural activities across the Emirates for January 29, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Craft market Attend the Shopping Soirée and find quality, handmade crafts and gift items from local vendors featuring jewellery, home decor, clothing, toys, baby products, skincare, furniture, handbags and more. Today, 10am […]
Greece faces what is likely to be an “explosive” surge in its public debt levels that within decades will mean it will owe almost three times the country’s annual economic output unless given significant debt relief, the International Monetary Fund has warned in a confidential report. The new report was prepared by IMF staff ahead of a February 6 board meeting to discuss the fund’s participation in […]
Floods rising in Cagayan de Oro, Northern Mindanao – PAGASA Published January 29, 2017, 12:10 AM by Camcer Ordoñez-Imam, Aaron B. Recuenco, and Ellalyn De Vera-Ruiz Cagayan De Oro City — The state weather bureau has put most of Northern Mindanao under Code Red alert yesterday afternoon due to continuous rains that have flooded this city and the provinces in the region. The Philippine Atmospheric, Geophysical, and […]
newslide Marvel’s Black Panther filming gets underway Marvel Studios has announced that filming has begun on its latest superhero epic which for the first time will feature a black actor, Chadwick Boseman, in the lead role. The news comes just after a record number of black actors were nominated for this year’s Oscars and as Hollywood pushes for more diversity. Boseman will play the lead role in […]
A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
This year’s results highlight the connection between corruption and inequality The writer served as Executive Editor of The Express Tribune from 2009 to 2014 Revelations of tax-evasion and money-laundering networks on a global scale in the so-called Panama Papers helped make the world appear more corrupt last year, according to graft watchdog Transparency International. The Berlin-based organisation said there were more falling scores than rising ones on […]
From the Slope of Hope: Being an equity bear has been brutal for, oh, nearly eight years now. With the S&P up about 250% since bottoming in March 2009, equities have been, on the whole, raging higher, with some sectors in particular benefiting tremendously from the Trumpgasm. One area, though, seems to be recognizing a bitterly cold chill of reality, and that is retail. Not everything retail […]
Home Appliance & Air Solutions and Home Entertainment Divisions Post Highest Ever Operating Profits in 2016 Saudi Arabia – 26 January 2017 LG Electronics Inc. (LG) today announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG reported revenues of KRW 55.37 […]
Investors sought US technology shares this week, underlining the degree to which money managers are broadening their search for sectors that should benefit from a pick-up in spending by corporate America. There were inflows of almost $900m in the week to January 25 into funds invested in technology stocks, according to flows tracked by EPFR. “We think that there is going to be a more meaningful capital […]
By Roberta Rampton and Emily Stephenson | WASHINGTON WASHINGTON The presidents of the United States and Mexico spoke by phone on Friday after relations between the neighbouring countries frayed further over Donald Trump’s border wall plan, with the U.S. leader calling the talk friendly but still demanding reworked trade and other ties. The call between Trump and Enrique Pena Nieto came a day after the Mexican president […]
By Lauren Hirsch and Liana B. Baker Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited initial public offering (IPO), sources familiar with the situation said on Friday. The Venice, California-based company will publish the registration document it secretly filed with U.S regulators last autumn, containing a […]
Toshiba on Friday announced that it’s spinning off part of its flash memory business and will sell a stake in the new business to offset major cost overruns from its US nuclear business. Toshiba plans to split off the memory business (including the SSD business, but excluding the image sensor business) by March 31. The company has yet to decide which assets and liabilities will be split […]
By Anna Irrera | NEW YORK NEW YORK Cisco Systems Inc (CSCO.O), Bosch Ltd (BOSH.NS) and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp (BK.N), Foxconn Technology Group, security […]
Mexico has been in the crosshairs this week as US president Donald Trump held true to his campaign rhetoric and ordered the construction of a wall along the Mexican border, with White House press secretary suggesting a 20 per cent tax on imports could pay for it. With relations between the two countries on course for crisis, has Mr Trump done enough to scare investors away from […]
Baghdad, Iraq; January 26, 2017 GE has further strengthened its collaborations in Iraq to support the country’s power infrastructure, and to meet the growing need for electricity from people and industry. GE signed agreements that will add over 2 gigawatts (GW) of power, and secure the delivery of ~1.75 GW of existing power to the national grid, to strengthen the nation’s power infrastructure. GE will set up […]
The weak economic environment will continue to weigh on the financial profiles of banks in GCC countries in 2017 and 2018, according to S&P Global Ratings. In a new report, the ratings agency said it believes the three key risks are a difficult operating environment, a higher cost of risk, and lower liquidity. However, it added that most GCC banks have built sufficient capital buffers to remain […]
Submitted by Michael Snyder via The Economic Collapse blog, The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. Is […]
ISLAMABAD: Pakistan Muslim League-Nawaz leader Talal Chaudhry on Friday said Imran Khan should stop misleading people on Panama papers and present trail of foreign funding to his party. Talking to media outside Supreme Court, Talal asked the PTI chief to show financial documents in that regard so that people should know as to where the amount collected as donations was spent. “Now PTI chief Imran Khan should […]
