TOKYO Asian shares advanced on Tuesday, helped by rising optimism on the technology industry and easing concerns over North Korea, while the dollar edged up to one-month high versus the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with many of the region’s markets reopening after a long holiday weekend. Japan’s Nikkei rose 0.3 percent. On Wall Street, although the Dow Jones […]
Leaders of Nahdlatul Ulama’s youth wing, known as Ansor, say that elements of Shariah, which Muslims consider divine law, are being manipulated by groups like the Islamic State and Al Qaeda to justify terrorist attacks around the world, invoked to rally fighters to battle in the Middle East and elsewhere, and distorted by movements that seek to turn Islam into a political weapon. Continue reading the main […]
Since the emergence of the single market in Asean, many companies are expanding their markets outside of their home country whereas others are still struggling. Some firms have already entered neighbouring markets while others are looking even farther beyond the Asean Economic Community. Research shows that firms in different industries look at the AEC from different perspectives. For example, firms in the financial industry seem to support […]
Mubadala Investment Company, established after the merger of Mubadala Development Company and International Petroleum Investment Company, began operations on Monday. The new entity is expected to accelerate Abu Dhabi’s economic diversification as it is active in 13 business sectors in more than 30 countries globally, state news agency WAM reported. The new firm’s total assets of about $125 billion, based on valuations at the end of 2015, […]
By Michel Rose and Sudip Kar-Gupta | PARIS PARIS Centrist presidential frontrunner Emmanuel Macron and his far-right rival Marine Le Pen attacked each other’s visions of France and the role it should play in Europe on Monday against a background of May Day rallies and protests. Macron sought for a third successive day to paint National Front (FN) candidate Le Pen as an extremist, while she portrayed […]
The Panama Papers investigation into the offshore secrets of the rich and famous has been awarded a prestigious Pulitzer prize. The prize was given to the Washington-based International Consortium of Investigative Journalists (ICIJ), together with two US titles, McClatchy and the Miami Herald. The judges cited a series of stories from the Panama Papers and the “collaboration of more than 300 reporters on six continents to expose […]
DUBAI: Arab League chief Ahmed Abul Gheit warned Monday that Iran and Israel were the main beneficiaries of turmoil across the Arab world, which he described as the worst he has ever seen.“I have never seen anything worse than what we are now seeing,” Abul Gheit said at the Arab Media Forum in Dubai.“Iran is enjoying what the Arab world is going through. There are those in […]
Authored by Mark Melin via ValueWalk.com, Bullish on oil, Andurand Commodity Fund Manager Pierre Andurand looks around the world for justification of his long exposure. Since the start of 2017, patience has been emphasized by the famous French oil trader, perhaps best known for his previous BlueGold Global Fund management, who is now struggling with an -11.6% loss year to date as of March and is in the […]
By Olivia Oran and Svea Herbst-Bayliss | BEVERLY HILLS BEVERLY HILLS U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes. Speaking at the Milken Institute Global Conference in Beverly Hills, California, almost a week after he helped unveil plans to cut taxes for many people […]
The chairman of DP World on Monday said US president Donald Trump’s push for free trade agreements was not protectionism but a drive for fairer deals. Speaking at the Arab Media Forum, Sultan Ahmed bin Sulayem said he did not believe Mr Trump would hurt global trade. Mr Trump is seeking to renegotiate the North American Free Trade Agreement with Canada and Mexico, although the White House […]
France’s presidential candidates battled for the working-class vote in a day of sometimes violent protests ahead of next Sunday’s election. As May Day workers’ rights marches were being held across the country, the National Front’s Marine Le Pen attacked her rival Emmanuel Macron as an “enemy of the people” who represented finance and “savage globalisation”. The rancour and confusion of the campaign spilled on to the streets, […]
Since the iPad arrived in 2010, the role of the PC has been greatly scrutinized. Is it a dying form factor? Is it something consumers no longer need? Is the smartphone the only device people will use someday? Will the tablet kill the PC? The debate is relevant because it helps businesses decide where to focus their resources. Clearly, the smartphone is many people’s primary […]
A club of top bankers, investors and Treasury officials will this week meet at the venerable Hay-Adams hotel in downtown Washington to discuss the US government’s borrowing plans. It could be a blockbuster meeting. The Treasury Borrowing Advisory Committee meets quarterly to discuss with senior government officials the best way for the US to finance its budget deficit. It is made up of senior executives from hedge […]
Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]
Perhaps it’s telling that journalism is so absent in The Circle, the movie based on the Dave Eggers novel that paints a dark picture of a future that has nearly arrived. Emma Watson plays Mae Holland, a recent college graduate who takes up the faith of the Silicon Valley digital-life media company she works for called The Circle. Holland comes to believe that omnipresent artificial intelligence embedded […]
22 February 2016 – Journalist Daphne Caruana Galizia posted the first major hint that the biggest scandal in Maltese history was about to break. “It’s traditional to eat lamb on Easter Sunday, so Konrad Mizzi and his estranged wife Sai Mizzi Liang will be getting theirs from New Zealand, courtesy of their fixer Brian Tonna, who has a desk at the Auberge de Castille”. […]
IT services firm Unisys has published the 2016 financial results of its Australian chapter, reporting an after-tax loss of AU$3.3 million, down from the AU$709,000 after-tax profit recorded a year prior. Revenue for the 12-month period was AU$237.7 million, up from the AU$201.5 million in annual revenue reported for 2015. As a result of the loss, Unisys Australia was handed a AU$1.3 million income tax benefit from […]
Hanging over discussion of Federal Reserve tightening has been a potentially market-shaking question: how to safely unwind the crisis-era asset purchases that bloated the central bank’s balance sheet. Policymakers led by Janet Yellen, the Fed chair, have approached the topic gingerly, acutely aware of the potential to repeat the so-called taper tantrum of 2013, where ill-timed talk of slowing bond purchases roiled global markets. Yet for all the […]
Dubai crown prince Sheikh Hamdan on Sunday launched “Dubai Font”, Microsoft’s first font to be created by a city and named after it. “The launch of the Dubai Font to the world is a very important step for us as part of our continuous efforts to be ranked first in the digital world,” state news agency WAM quoted the crown prince as saying. “We are confident that […]
Researchers have created a new process for producing hydrogen from ammonia with rapid initiation that requires no external heat source, giving hope for the increased global use of hydrogen as an efficient and clean energy source. (via WSJ)
Malaysia-born Cassandra Hsiao was accepted to all eight Ivy League schools in the US. ― File picKUALA LUMPUR, May 1 ― Cassandra Hsiao, the Malaysia-born 17-year-old who was accepted to all eight Ivy League schools in the US, announced that she has chosen to go to Yale. Hsiao, who was born to a Taiwanese father and Malaysian mother in Johor Baru, also told The Star that she […]
30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card Issuance in the United Arab Emirates (UAE). Mashreq Bank is one of the UAE’s leading financial institutions. Established in 1967 by the Al-Ghurair Group, it is the largest […]
Google Australia has confirmed that the Australian Taxation Office (ATO) is chasing it for a debt relating to unpaid tax, noting it will “lodge an objection” against the amended income tax assessments it was issued at year-end. “Such contingencies relate to reviews for open tax years as well as certain transactions and computations for which the ultimate tax determination is uncertain during the ordinary course of business,” […]
SGX, the Singapore Exchange, is looking to further boost its Chinese derivatives business by offering to collaborate with a planned new local futures venture backed by the founders of one of China’s largest hedge funds. Loh Boon Chye, the bourse’s chief executive, told the Financial Times he was willing to open its clearing infrastructure to the challenger, called Apex, so it could conduct futures trading in the […]
