For footloose international money, the safest place to hide in the European financial system may be two-year German debt. The government of Europe’s largest economy not meeting such obligations in euros is as close to inconceivable as things get. The debt is also easy and cheap to trade, which means it can be a market signal of investor angst. The price of such safety set a record […]
Many fear electronic voting machines can be hacked and tampered with. Image: iStock The hacking campaign around the US presidential election, cyberattacks against Ukrain’s power grid, and even the internet crippling Mirai botnet DDoS attack all demonstrate how cyberattacks have grown to threaten the very fabric of society itself, NATO has warned. Citing the impact of high profile incidents like these, Jamie Shea, deputy assistant secretary general […]
Vodafone Australia has reported a net loss of AU$241.8 million for the first half of FY17 on total revenue of AU$3.35 billion, an 8.4 percent year-on-year decrease. Earnings before interest, tax, depreciation, and amortisation (EBITDA) were AU$912.2 million, a 12.2 percent increase from the AU$812.8 million reported for the first half of FY16. Net average revenue per user (ARPU) was AU$37.97, a loss of AU$7.71 from last […]
Axa chief executive Thomas Buberl has distanced himself from a bid for Generali’s German life insurance business. There has been speculation that the French group could play a part in any break-up process that would follow the possible acquisition of Generali by Italian bank Intesa Sanpaolo. However, speaking to the Financial Times on Thursday, Mr Buberl said that “buying a traditional life insurance business in Germany would […]
Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes. An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a […]
22 February, 2017 Trovagene, Inc. (NASDAQ: TROV), (San Diego, CA), a developer of circulating tumor DNA (ctDNA) technologies, signed a distribution agreement with AGBL (Dubai, UAE) to bring Trovagene Liquid Biopsy tests to AGBL’s markets. “Trovagene has innovative liquid biopsy solutions for cancer patients,” said Dr. Simona Maciotta, Product Manager at AGBL. “Their clinically, actionable, highly sensitive mutation assays will allow clinicians to make critical decisions about […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
SK Hynix will consider making a fresh bid for Toshiba’s NAND flash memory business if the latter puts more on the table, the CEO of the Korean chip giant has said. SK Hynix CEO and vice chairman Park Sung-wook told reporters on the sidelines of a semiconductor conference in Seoul that if Toshiba puts forward a specific offer and schedule it will consider taking them. Park declined […]
AMD is giving what the people want, and it’s none other than Ryzen. That said, the company has finally disclosed the details everybody has been waiting for, from the release date and performance to the pricing and preorder info. Not 1 But 3 Ryzen 7 CPUs Unveiled To start things off, AMD is launching three Ryzen 7 CPUs, with each one sporting eight cores and 16 threads […]
Qantas has announced it successfully tested its on-board Wi-Fi system and expects to operate its first commercial service with free Wi-Fi in the next few weeks. Qantas chief executive Alan Joyce told shareholders on Thursday that the airline’s Wi-Fi offering will ultimately be rolled out to around 80 domestic aircraft, and later to Qantas’ international and regional fleets, noting that on-board Wi-Fi is the first item on […]
New ways to convert carbon dioxide (CO2) into methane gas for energy use are a step closer after scientists discovered how bacteria make a component that facilitates the process. Recycling CO2 into energy has immense potential for making these emissions useful rather than a major factor in global warming. However, because the bacteria that can convert CO2 into methane, methanogens, are notoriously difficult to grow, their use […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
Photo Nigerians displaced by Boko Haram insurgents last February at Dikwa camp in northeastern Nigeria. The United Nations raised the alarm on Wednesday about the risk of famine in northern Nigeria. Credit Agence France-Presse — Getty Images UNITED NATIONS — In a world filled with excess food, 20 million people are on the brink of famine, including 1.4 million children at imminent risk of death. In the […]
Buyers of $8M Porsche Design unit mentioned in Panama Papers Couple has a unit at Regalia on the market for $10.65M February 22, 2017 03:35PM By Katherine Kallergis Porsche Design Tower A company tied to two people mentioned in the Panama Papers database paid $8.2 million for a unit at Porsche Design Tower in Sunny Isles Beach. Records show Collins 2154 LLC, led by Luis Armando Barrera Palacios […]
When Ford borrowed a €750m bond in euros at the start of the year, the US carmaker was following a path that has become familiar to corporate America. The deal was an example of so-called “reverse Yankee” issuance, where US companies sell bonds in euros, tapping demand from eurozone investors. Ford added to the more than €100bn of debt sold in the eurozone over the past two […]
BERLIN A wrought iron gate with the chilling inscription “Arbeit macht frei” (“Work sets you free”) was returned to Germany’s Dachau concentration camp on Wednesday, more than two years after it was stolen. The theft in 2014 of the symbol of suffering inflicted by Hitler’s Nazis on Jews and others caused outrage around the world. Police in Norway found it in December after an anonymous tipoff. More […]
By Simon Jessop and Pamela Barbaglia | LONDON LONDON Unilever (ULVR.L) sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s (KHC.O) $143 billion bid, with the promise of a swift, far-reaching review. This should be completed by early April and could lead to asset sales and cost cuts, a source close to the Anglo-Dutch company said only days after it roundly […]
French small-cap investors are showing little sign of nerves ahead of this spring’s presidential election, setting a strong pace since the start of the year. In a week when the possibility that Marine Le Pen, the anti-immigrant National Front leader, could win May’s presidential vote started to worry bond investors, the small-caps market, consisting of 187 members, maintained its sangfroid. The CAC small index stands 4.3 per […]
The Panama Papers investigation has been honored with a George Polk Award for financial journalism, the award sponsor, Long Island University, announced. The series, which exposed offshore tax havens and rattled leaders from around the world, was headed up by the International Consortium of Investigative Journalists, a project of the Center for Public Integrity. The Polk Awards judges lauded the reporting collaboration for sparking official investigations and […]
DUBAI: Combining the capabilities of the United Arab Emirates (UAE) and Saudi Arabia can create historic opportunities for their peoples and the whole region, said Sheikh Mohammed bin Rashid Al-Maktoum, UAE vice president and prime minister, and ruler of Dubai, WAM reported on Tuesday.He was speaking at a joint retreat on Saadiyat Island, attended by some 150 Emirati and Saudi officials to discuss the best ways to […]
By Yashaswini Swamynathan U.S. stocks looked set to open little changed on Wednesday as investors awaited the minutes of the Federal Reserve’s most recent policy meeting for clues on the timing of the next interest rate hike. The Fed will release the minutes of its Jan. 31-Feb. 1 meeting at 2:00 p.m. ET (1900 GMT). Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility […]
The global Panama Papers investigation is based on the unprecedented leak of confidential information from Panamanian law firm Mossack Fonseca. (Arnulfo Franco / THE ASSOCIATED PRESS FILE PHOTO) In Brisbane and Ankara, Harare and Quito, Berlin and New York, the Panama Papers investigation into tax haven abuses has been recognized with some of the most prestigious journalistic accolades on the planet. The International Consortium of Investigative Journalists, which […]
Political uncertainty is slowing trade growth, a World Bank report has concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy. Major international institutions such as the IMF, the OECD and World Bank have recently upgraded their forecasts of global economic growth largely due to expectations that tax cuts, rising infrastructure spending and a wave of deregulation will boost the […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
