Our round-up of the week’s best comment and analysis from the Financial Times focuses on debunking misleading parallels between Reaganomics and Trumponomics and what changes the new US president’s policies will force in investor behaviour. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The world is too different from the 1980s for Donald Trump to achieve […]
Bahrain’s government needs to implement an action plan in order to help hotels overcome financial challenges such as low room occupancy rates and increased overhead costs, with four and five-star hotels having reported an average room occupancy rate of 40 percent last year, experts said. The industry took a hit in 2015 due to low oil prices and remained slow throughout 2016, Bahrain Four Star Hotels Committee […]
How’s your weekend going? Redditor, Law School Graduate, and nimble navigator William Craddick (/u/PleadingtheYiff / brand new Twitter handle @williamcraddick) has made quite the name for himself on Reddit’s “The_Donald” forum. In just three short months, Craddick has managed to rack up over 153,000 “post karma” and 48k “comment karma,” which (if you’re not familiar) is impressive. The guy is an incredibly effective dot-connector, perhaps owing it to his legal training – often posting lengthy reads that […]
Uncover some of the cool new features hidden in iOS 10. It’s been nearly 10 years since I camped out in the rain to purchase the original Apple iPhone. We’ve seen the iPhone go from a MP3 player feature phone to a full blown handheld computer that is finding its way throughout the enterprise market. At my engineering consulting firm, we have a BYOD policy with IT […]
Sources within the Office of the Prime Minister speaking to The Malta Independent on Sunday have indicated that the audit commissioned into the financial affairs of Minister Konrad Mizzi will be published next month to coincide with a fact-finding mission to Malta by the European Parliament’s Panama Papers committee. The committee, named the PANA Committee, is due to visit Malta on 20 February. The […]
The UK’s Brexit vote shook the cocoa futures market in 2016, pushing the commodity that is priced in sterling to levels not seen in decades. Six months on, traders are feeling a new aftershock from the UK referendum following a filing for bankruptcy protection at the end of December by the US subsidiary of a top 10 cocoa processor Transmar Group. Transmar Commodity Group filed for Chapter […]
On the heels of Czech President Milos Zeman’s warnings of a possible “super-Holocaust” carried out by Muslim terrorists, urging citizens to arm themselves, WaPo reports the country’s interior ministry is pushing a constitutional change that would let citizens use guns against terrorists if police are delayed or unable to make their way to the scene of an attack. Czech president Milos Zeman had previously proposed that economic […]
By Ange Aboa and Loucoumane Coulibaly | BOUAKE, Ivory Coast BOUAKE, Ivory Coast Disgruntled soldiers demanding salary increases and the payment of bonuses seized control of Ivory Coast’s second-largest city, Bouake, on Friday, in an uprising that spread to at least two other cities. A statement from Defence Minister Alain-Richard Donwahi read out on state television said a group of soldiers had used their weapons to force […]
Tod Nielsen FinancialForce, an enterprise resource planning company, built on Salesforce’s platform named Tod Nielsen CEO. The move is notable given that Nielsen was CEO of Heroku, which was acquired by Salesforce in 2011. Nielsen was also chief operating officer at VMware. Simply put, Nielsen knows the platform game and now is expected to boost growth for FinancialForce. The company said it is approaching a $100 million […]
Sharjah // Police agreed more than Dh345 million worth of financial disputes in out-of-court settlements in 2016. They were made through a reconciliation initiative, led by the police customer service department, in order to avoid expensive and lengthy court cases. In total, resolution was found in cases where Dh345.8m was outstanding. Lt Colonel Yousuf Harmoul, acting director of the comprehensive police stations department, said resolutions contributed to […]
Submitted by Brandon Smith via Alt-Market.com, Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel […]
Your daily guide to community and cultural activities across the Emirates for January 7, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition See the exhibition Realism: Two Angels featuring works by Crimean husband and wife artists Andrey Dudchenko and Katerina Spirtus, who base their expression in realism, though interpreted in different ways, […]
Teva Pharmaceuticals, the world’s largest maker of generic drugs, has cut its sales and profit expectations for 2017 as it braces for more pricing and competition pressure on its best-selling drug — the multiple sclerosis treatment Copaxone. The Israeli group said net revenue for full-year 2017 would now be $23.8bn-$24.5bn, compared with the $25.2bn-$26.2bn range it gave in July. Expectations for earnings per share have also been […]
DUBAI, UNITED ARAB EMIRATES: 5 January 2017 Thomson Reuters, the world’s leading source of news and information for professional markets and the Dubai Financial Services Authority (DFSA), will co-host the 11th MENA Regulatory Summit on February 5th & 6th in Dubai, United Arab Emirates. Held under the patronage of the UAE Minister of Economy, H.E Sultan bin Saeed Al Mansouri, the summit will debate key challenges that […]
Low-cost, off-grid solar energy could provide significant economic benefit to people living in some remote areas, but a new study suggests they generally lack the access to financial resources, commercial institutions and markets needed to bring solar electricity to their communities. (via WSJ)
January 6, 2017 by: Adam Samson in New York US wage growth accelerated to the quickest pace since 2009 last month, underscoring rising inflationary pressure as President Barack Obama prepares to pass the torch to Donald Trump. Average hourly earnings climbed 0.4 per cent in December from the previous month, beating expectations for a 0.3 per cent pick-up, the Labor Department said in the final employment report […]
Something remains very broken with the US labor market: while the unemployment rate remains just shy of the lowest print since August 2007, rising fractionally to 4.7%, wage growth for most workers, as reported earlier, rose just 2.5%, far below the 4.0% it was when the unemployment rate last hit 4.7%. This continues to vex economists who have vowed that if only one lowers the unemployment rate […]
By Yashaswini Swamynathan U.S. stocks edged lower on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. Average hourly earnings increased 10 cents, or 0.4 percent, after slipping 0.1 […]
Dubai Financial Market (DFM) saw its capitalisation rise by more than 12 percent during 2016 to AED337.6 billion ($91.9 billion), it has been announced. DFM’s General Index increased 12.1 percent to 3,531 points at the end of 2016 compared to 3,151 points at the end of 2015. Indices of eight out of the nine sectors featured on the DFM ended the year in the green, with the […]
Each quarter Credit Suisse’s U.S. Equity Strategy team, led by Lori Calvasina, takes a deep dive into the stock level holdings of long-only, actively managed small, SMID, mid & large cap funds to see which stocks officially qualify as the most crowded trades on wall street. While the results obviously vary across the size categories, Tech, Healthcare and Financials seemed to be recurring themes for the most […]
ZURICH Johnson & Johnson (JNJ.N) and Actelion (ATLN.S) have asked Switzerland’s takeover board about the viability of a complicated takeover deal the U.S. healthcare company is discussing with the Swiss biotech firm, newspaper Tages-Anzeiger reported on Friday, without saying how it got the information. The two companies asked about the proposal under which Johnson & Johnson would acquire Actelion while separating its commercialized portfolio from its research […]
06 January 2017 MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million with a stable outlook. The rating and outlook reflect the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1. As at end-December 2016, KMCOB has an outstanding amount […]
BEIJING An influential Chinese state-run tabloid has chided the New York Times over its reporting practices after Apple Inc removed the newspaper’s app from its China app store at the request of the Chinese government. The Global Times editorial, released on Friday, said the New York Times had in the past four years been “trying to wield influence in China’s internal affairs” by doing investigative stories on […]
With all eyes likely on wage growth indications in the subtext of tomorrow’s payrolls report (following The Fed Minutes’ comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment rate). However, they are careful to note that any downside can be […]
