A day of market gyrations and pressure for higher interest rates has forced the Bank of Japan to tip its hand by intervening to keep 10-year yields below 0.11 per cent. It is the first time the BoJ has turned last September’s “around zero per cent” cap on the 10-year yield into explicit action, with the central bank offering to buy an unlimited number of government bonds at […]
Image by Ji Mizell Samsung released two variations of the Gear S3 smartwatch to appeal to a greater niche of users. The Gear S3 Frontier, the outdoor version of its sleeker brother the Gear S3 Classic, is big. It is thicker and wider than its predecessor the Gear S2. My reaction to smartwatches up until now has been they look like toys. I am the kind of […]
Anonymous sources are to journalists what a 12-pound funnel cake is to a kid at the state fair: We know it’s unhealthy, but we partake anyway. That has never been truer over the last week, as our good ship of state has sprung leak after leak. Nameless White House officials have served up more scoops than a Baskin Robbins: Trump’s disastrous call with Australia’s Prime Minister, his […]
The $16tn US retirement savings industry faces renewed uncertainty after the Trump administration said it would review a “fiduciary rule” that forces retail brokers to put their clients’ interests first. The decision prompted dismay from backers of the rule, including Jack Bogle, the founder of Vanguard, who criticised the administration for having Gary Cohn, the former Goldman Sachs president, front the rollout of the new policy. It […]
While the White House said it had not yet taken an official position on settlement activity, its statement hinted at the kind of understandings that Israel had with President George W. Bush. Continue reading the main story In a 2004 letter to Prime Minister Ariel Sharon of Israel, Mr. Bush articulated a policy that allowed for continued Israeli building in major settlement blocs that Israel intended to […]
Investors piled into bank shares on Friday following news that Donald Trump will begin the process to undo parts of the Dodd-Frank financial reform law. The S&P 500 financials sector advanced 2 per cent and propelled it back into positive territory for the year on Friday. Within the broad group, the banks subsector gained 2.6 per cent, giving both their best day since November. Morgan Stanley shares […]
A Foreign Ministry spokesman, Bahram Qassemi, said on Thursday, “It is a shame that the U.S. government, instead of thanking the Iranian nation for their continued fight against terrorism, keeps repeating unfounded claims and adopts unwise policies that are effectively helping terrorist groups.” Continue reading the main story Mr. Flynn also made clear that the challenge to Iran extended beyond the missile test, holding Tehran responsible for […]
Submitted by Mike Maharrey via The Tenth Amendment Center, A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add […]
President Trump’s administration is unconventional by any reporter’s standards, said Jeffrey Goldberg, the editor in chief of The Atlantic. But that doesn’t mean journalists should abandon basic skills and principles they’ve held onto for years. “It’s true, we are in a little bit of a knife fight with people who don’t want to have a fact-based discourse,” Goldberg said. “But you just have to stand for what […]
This Sunday the New England Patriots will go head-to-head against the Atlantic Falcons in hopes of taking home the Vince Lombardi Trophy and the championship title. But for Tinder users, the Patriots are already winners. According to an in-app poll taken by Tinder, users predict that the Patriots will come out the winners of Super Bowl LI. 52 percent of all Tinder users reported a Patriots victory, […]
In a potential boost to Prime Minister Narendra Modi’s “Make in India” initiative, tech giant Apple Inc. is nearing a deal with Taiwanese contract manufacturer Wistron Corp. to start making products in the southern state of Karnataka, a senior state official said. “The contractual agreement between the two companies is on the verge of being signed,” the Karnataka government official who has direct knowledge of the matter […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
ABU DHABI // Strong winds and blowing sand are wreaking havoc across the country, toppling over a crane, trees and forcing the cancellation of a number of major events. “A crane has collapsed on Sheikh Zayed Road,” the Dubai Media Office tweeted just after 2:30pm. “Authorities are handling the situation to ensure safety of everyone on site. #Dubai” Around the same time, the Dubai Tour announced it […]
SEOUL Besides being the deputy ambassador, North Korea’s number two diplomat in London was the man appointed to spy on embassy colleagues and report signs of disloyalty to the feared secret police. But last August, it was Thae Yong Ho himself who defected. He said in an interview in Seoul that one of his jobs was to report to the “bowibu”, North Korea’s Stasi-like State Security Department, […]
Middle East-based airlines posted the strongest annual traffic growth in the world for the fifth year in a row last year, according to the International Air Transport Association (IATA). IATA said in a statement that demand, measured in revenue passenger kilometres (RPKs), rose by 11.8 percent, consolidating the region’s position as the third-largest market for international passengers. It added that capacity growth (13.7 percent) continued to outstrip […]
The New York Times is landing on Snapchat, and the Gray Lady thinks its journalism will fit right in on the millennial-dominated social network. “We’re not boring when it comes to visual storytelling,” said Assistant Editor Steve Duenes. “…We have a lot to draw from all forms of digital storytelling.” Expect The New York Times’ upcoming Snapchat Discover channel to be a showcase for visuals from the […]
By Neil Jerome Morales | MANILA MANILA The Philippine government will on Friday withdraw from a ceasefire with communist rebels, President Rodrigo Duterte said, as he ordered soldiers to get ready to fight and declared there would be no peace with the insurgents for a generation. Duterte had made a nationwide peace process one of the priorities of his administration but showed frustration over demands made by […]
By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan will push back firmly on any attempts by U.S. President Donald Trump’s administration to meddle with its independence on setting currency and monetary policies, say sources familiar with the deliberations in Tokyo. It was the first clear sign from Japan that Tokyo won’t allow Trump to dictate domestic economic policy, leaving room for potential tensions between the […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
Employees select and dispatch items in the huge Amazon ‘fulfilment centre’ warehouse.Image: Getty Images/oli scarff By Patrick Kulp2017-02-03 04:33:17 UTC Amazon just had its best holiday season ever, pulling in the highest quarterly sales in the company’s history and capping off a year in which it tripled profits from the previous one. Wall Street greeted this news with a definitive “meh.” The online shopping behemoth’s stock fell […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
President Trump’s mocking tweets about the “failing” New York Times and its “dwindling” subscriber base miss the boost his election and early days in office are giving the company’s business. CEO Mark Thompson stopped short today of saying Trump was the cause of a record 276,000 net quarterly growth in digital subscriptions in the last quarter of 2016 and a continued surge this month, bringing the Times’s […]
Tiger Woods felt the pain, figuratively at least, after the former world number one failed to make a single birdie in recording a miserable five-over 77 on the opening day of the Dubai Desert Classic on Thursday. The creaking American, now ranked 666th after his long injury layoff, trailed Spain’s early leader Sergio Garcia by 12 shots and with only three players below him on the leaderboard […]
By Yashaswini Swamynathan U.S. stocks slipped on Thursday, as bank stocks fell after the Federal Reserve provided little clarity into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed, which left interest rates unchanged on Wednesday, gave no firm signal of a hike in March as it closely watches the impact of […]
