By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were stable on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to drain a global glut. But since any production cuts will only hit markets early next year and Iraq is still raising sales to Asia, analysts at Goldman Sachs said that the price […]
What brought you into the world of fashion? I always wanted to make sure I did a job that I was passionate about, and one that wouldn’t simply be a 9-5 office job, which fashion allowed me to do. I began my career on the UK High Street where I started off working on own-label brands and really learnt my trade. Following that I moved on to […]
A schematic shows a smartphone and the diagnostic attachment for antimicrobial susceptibility testing. Credit: Aydogan Ozcan/UCLA A team of UCLA researchers has developed an automated diagnostic test reader for antimicrobial resistance using a smartphone. The technology could lead to routine testing for antimicrobial susceptibility in areas with limited resources. Antimicrobial-resistant bacteria are posing a severe threat to global public health. In particular, they are becoming more common […]
YOKOHAMA, Japan Nissan Motor Co (7201.T) Chief Executive Carlos Ghosn said on Friday he expected the Japanese automaker to post record sales in 2017, which would be a strong year for the auto industry despite volatility in currency and commodity markets. Ghosn also said he was confident that U.S. trade policy under President-elect Donald Trump would continue to promote strong ties with Mexico, where Nissan operates production […]
Investors have piled into Russian equity and bond funds over the past week as oil prices have rallied and President-elect Donald Trump named an oil executive with close ties to Vladimir Putin as US secretary of state. Russian stock funds recorded inflows of $451m in the week to December 14, the biggest weekly haul since the first quarter of 2011, according to EPFR. Mutual funds and exchange […]
Latest asset of Abu Dhabi’s cruise tourism sector set to change face of ‘winter sun’ tourism in Abu Dhabi Abu Dhabi-UAE: December 15, 2016 Under the patronage of His Highness Sheikh Hamdan Bin Zayed Al Nahyan, Ruler’s Representative in the Western Region, Abu Dhabi Ports today has officially opened Sir Bani Yas Cruise Beach, offering cruise ship passengers a new beach destination with unmatched tourism experiences. […]
DETROIT General Motors Co (GM.N) Chief Executive Mary Barra said on Thursday the automaker will expand testing of self-driving vehicles to Michigan, and will build its next generation of self-driving cars in the Michigan plant that builds the Chevrolet Bolt electric car. Separately, Barra declined to discuss a statement by a Chinese government official that a U.S. automaker could be subject to penalties for price-fixing. “I don’t […]
A one-two punch of a surging US dollar and rising interest rates sent the price of gold tumbling to its lowest level since February on Thursday, hurting the shares of miners and spurring hefty liquidations of exchange traded funds that track the metal. The price of gold in New York fell as much as 1.8 per cent to $1,122 an ounce, as the dollar rose across the […]
Doha, Qatar December 15, 2016 Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C.) signed its first international agency marketing agreement with Total. The signing ceremony took place at the K Trade Fair 2016 in Dusseldorf, Germany and was attended by senior representatives from Muntajat and Total. Total produces a range of polymers including polyethylene, polypropylene, and polystyrene. With Polymers business unit offices based in Brussels, […]
What’s the story behind your business? Our story is a typical start-up story. We began 15 years ago with six people, and at the time we operated out of our chairman’s extra bedroom in Jumeirah. We started the agency with the philosophy of changing the rules of advertising across the region. At the time, people thought we were a bit crazy – they said everything had already […]
If Donald Trump has made bank stocks great again, Janet Yellen has just made them even greater. US financial stocks were on a tear on Thursday, extending their strong post-election market gains after the Federal Reserve raised interest rates on Wednesday and signalled that at least three more rises are on the cards for next year. The prospect that the US central bank might have to raise […]
Hurricane forecasters will soon have a new tool to better understand and forecast storm intensity. A constellation of eight microsatellites, called NASA’s Cyclone Global Navigation Satellite System mission, or CYGNSS, got a boost into Earth orbit aboard an Orbital ATK Pegasus XL rocket, deployed from an L-1011 aircraft. Source link
15 December 2016 – Beijing, People’s Republic of China China Oceanwide (together with its subsidiary, “Oceanwide Resort Paradise HI LLC”) entered into a management agreement today with subsidiaries of Kerzner International Holdings Limited (“Kerzner”), a leading international developer and operator of destination resorts and ultra-luxury hotels, for a new, Atlantis resort in Ko Olina, a 642 acre development on the white sand beaches of the island of […]
Qatar expects to post a budget deficit of 28.3 billion riyals ($7.8 billion) in 2017, the finance ministry said on Thursday, in a sign of the lingering toll of low global oil prices on Gulf economies. Finance Minister Ali Shareef al-Emadi said that revenues were estimated at 170.1 billion riyals while expenditure was estimated at 198.4 billion riyals, state news agency QNA said. The gas-rich Gulf state […]
WASHINGTON/BEIJING China’s plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations. Trump’s assertion that the United States need not be bound by the policy that Taiwan is part of “one China” would erode a bedrock of U.S.-China ties that has underpinned the vast increase in trade and […]
The US dollar marched higher on Thursday, reaching its strongest level against the euro for more than a decade, after the US Federal Reserve signalled a more aggressive outlook for interest rate policy. Europe’s single currency was among the hardest hit, falling through the $1.04 level to trade at its lowest level since early 2003. Driving the dollar’s strength is a growing divergence between benchmark interest rates […]
“If they’ve managed to sleep through the night, bonds traders in the US will have quite a shock when they check their screens in the morning,” Mohamed El-Erian, chief economic adviser at Allianz, tweeted early on Thursday. Wall Street bond traders and investors will have turned in on Wednesday night already jolted by the Federal Reserve, which under Janet Yellen’s leadership has become synonymous with caution on […]
Thousands of people had gathered outside a hospital in the Mashhad neighborhood, which is still controlled by rebels, hoping that an evacuation deal announced on Tuesday by Turkey, Russia and Syrian rebels would hold. But the constant threat from snipers, bombs and shelling was unsettling. Video Aleppo Activists Say Final Goodbyes as Assad Closes In Syrian government forces had reclaimed most of rebel-held eastern Aleppo by Tuesday, […]
Thursday 11:00 GMT Overview Stock markets are trading cautiously as Treasury yields hit fresh highs after the Federal Reserve’s decision to raise interest rates for only the second time since the financial crisis. The prospect of the US central bank perhaps having to tighten policy faster than expected to reflect any additional boost to growth from president-elect Trump’s fiscal plans is lifting the dollar to a 14-year […]
ZURICH More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totalling at least $158 billion, Swiss Re said on Thursday. At an estimated $49 billion, insured losses rose by nearly a third from $37 billion in 2015, but covered less than a third of the costs incurred from catastrophes over the year. “The gap between total losses and […]
With over 150 Saudi suppliers now, GE aims to double the number by 2020, creating a dynamic Saudi supply chain ecosystem that serves global markets GE’s investments in localized manufacturing helps build Saudi entrepreneurship, create new jobs for Saudis and build the local SME sector Dubai, United Arab Emirates; December 15, 2016 GE Oil & Gas today won the ‘Best in Supplier Development’ honor at the In […]
The peaks of fine dining just keep getting higher and higher. A caravan of roving chefs and their 15 guests is currently making its way up the Himalayas toward the base camp at Mount Everest, where, 17,500 feet above sea level and amid the lashing winds and bone-penetrating chill of the Nepalese winter, food will be served. The One Star House Party, as the project has been […]
The Washington Post is a profitable and growing enterprise, the newspaper’s publisher announced in a memo to staffers Tuesday evening. In the seventh paragraph of a rally-the-troops announcement, Post Publisher Fred Ryan made a winking nod to burying the news: Not to bury the lede, but thanks to the incredible work of the entire team, The Washington Post will finish this year as a profitable and growing […]
Dubai is working with HSBC on the financing of Expo 2020 Dubai, a $7 billion exhibition centre project expected to attract 25 million visitors, sources familiar with the matter said. The site will host Expo Dubai which will run from October 2020 to April 2021 and will be the first World Expo hosted in the Middle East, according to the Expo 2020 website. The project provides more […]
