Newfound volatility and jitters ahead of a key healthcare vote in Washington have sapped enthusiasm for corporate bonds, forcing several companies to pay up to borrow through debt capital markets and sending others to the sidelines to await market calm. Goldman Sachs and Santander were forced to offer more attractive new issue premiums to draw investors amid the subdued market conditions, as several recent bond offerings sold […]
Binghamton University Electrical and Computer Science Assistant Professor Seokheun Choi is one of the co-authors of ‘Self-sustaining, solar-driven bioelectricity generation in micro-sized microbial fuel cell using co-culture of heterotrophic and photosynthetic bacteria.’ Credit: Binghamton University Instead of oil, coal, or even solar energy, self-sustaining bacterial fuel cells may power the future. Researchers at Binghamton University, State University of New York have developed the next step in microbial […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump’s pro-growth agenda. Sterling GBP=D3 was steady at $1.2483 following a decline of as much as 0.4 percent on Wednesday, after an attack […]
The company committed to deliver more than 45,000 training hours for Ghanaian personnel over the next five years, as it seeks to build a world-class team locally TAKORADI, Ghana, March 22, 2017/ — Takoradi service facility underlines GE’s commitment to bring global expertise and build local capabilities in Africa. Investment to include training of Ghanaian workforce and partnerships with educational institutions. New facility will directly support Eni’s […]
New Zealand telecommunications carrier TeamTalk has urged its shareholders to reject the “predatory” and “exploitative” takeover by mobile carrier Spark, obtaining an independent assessment to demonstrate that the acquisition undervalues the company’s value to the tune of around NZ$22.8 million to NZ$39.6 million. “Your directors recommend that you reject the Spark offer,” TeamTalk headed its latest missive to shareholders. “The independent adviser’s value range for TeamTalk’s three […]
By Andrea Hopkins | OTTAWA OTTAWA Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook. Finance Minister Bill Morneau’s second budget contained few surprises, in line with expectations that Ottawa wants to wait to see […]
By Tova Cohen and Steven Scheer | TEL AVIV TEL AVIV Intel’s $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector’s other late-stage startups, where funds are most needed. Fundraising in late-stage startups – more mature firms that are already selling products rather than just the bright but unexploited ideas of entrepreneurs – has […]
Markets now and again behave in ways least expected, none more so than the resilience of emerging market currencies against the US dollar. Two of the main factors underpinning EM foreign exchange flows — globalisation and oil — are going the wrong way. Globalisation looks more vulnerable than ever following the G20 finance ministers’ meeting that pointedly failed to include the need to fight protectionism in its […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]
SHANGHAI U.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country’s millennial consumers, its chief executive said on Wednesday, even as the Silicon Valley firm faces competition from local rivals. Airbnb co-founder and CEO Brian Chesky said China was a key market for the firm to achieve its global ambitions. He was talking at an event in Shanghai to […]
22 March 2017 EastNets, (eastnets.com), a leading provider of innovative global compliance and payments solutions, successfully held its 14th Annual Conference 2017 from 7th-9th March at The Grand Millennium Hotel, Amman Jordan. The event was described as one of the company’s most inspiring annual conferences, which has been a company tradition that has been in effect for the last 14 years. This year’s rallying call was ’Growth: […]
By Rosalba O’Brien | SANTIAGO SANTIAGO Sebastian Pinera, who was Chile’s president from 2010 to 2014, officially declared on Tuesday his intention to seek the office again this year, betting that widespread disillusion with the governing coalition will help him win over voters. The center-right Pinera, who ranks 745th on the Forbes list of the world’s richest billionaires, is bidding for the nomination of the ‘Chile Vamos’ […]
Nearly a decade on from the financial crisis that took hold in 2007 and put an end to an era, the global economic environment remains unusually challenging. Nonetheless, the efforts that have been undertaken by Bahrain over the past 15 years to reform and diversify its economy, alongside the wider activities by regional governments to address the near-term fiscal challenges, means that the kingdom remains cautiously optimistic […]
WASHINGTON Republicans considering whether or not to back U.S. President Donald Trump’s healthcare reforms in a crucial House of Representatives vote this week face a painful choice. If they vote against, they could face the wrath of a vengeful and combative president. If they vote for it, they risk retribution from the billionaire brothers Charles and David Koch and other powerful right-wing players whose money can be […]
By Yawen Chen and Ryan Woo | BEIJING BEIJING Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI, representing the six-month outlook of 96 firms, rebounded […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent — and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones […]
Wednesday 02:35 GMT Overview Asian equities sank in the wake of the S&P 500’s biggest fall in more than five months as investors fretted that US President Donald Trump’s pro-growth policies could take longer than expected to come to fruition. Hot topic The S&P 500 closed down 1.2 per cent on Tuesday, dragged lower by financial stocks. It was the first time since October 11 that the […]
ABU DHABI // A new government programme is making local organic produce not only more readily available in supermarkets around the country but also more affordable in comparison with its more expensive, imported counterpart. The Ministry of Climate Change and Environment has made a concerted push in recent years to subsidise farming equipment, provide expertise and connect local farmers with supermarkets to help market their products. On […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
This photo provided by Apple shows the family of iPads, from left, the iPad mini 4, the new iPad, the 9.7-inch iPad Pro and the 12.9-inch one, along with the Apple Pencil. On Tuesday, March 21, 2017, Apple cut prices on two iPad models and introduced red iPhones, but the company held back on updating its higher-end iPad Pro tablets. (Apple via AP) Apple is cutting prices […]
PSIM Market Expects Banking Organizations To Drive Future Demand As Panama Papers Leak Triggers Security Overhaul – MarketIntelReports Monday, March 20, 2017 8:00 PM UTC Wilmington, Delaware, March 20, 2017 — The report “Global PSIM Market by Manufacturers, Regions, Type and Application, Forecast to 2021”, available on MarketIntelReports, estimates that the North American market will continue to remain as a key growth driver till 2021. Browse numerous […]
21 March 2017 ZEDRA the independent global fund specialist in Trust, Corporate and Fund services can announce it has placed an order with Sovos – the tax compliance software experts – for its AEOI Reporting solution. Once implemented, the solution will help ZEDRA meet the demands of their tax, compliance and reporting obligations in line with its rapid rate of growth. More than 100 tax jurisdictions have […]
The Middle East is not Silicon Valley, nor should it aim to be, according to venture firm Wamda Capital’s Khaled Talhouni. Speaking at the Arabian Business Startup Academy yesterday, Talhouni said the region should aim to create a system that works for its circumstances, instead of mimic an existing one in the West. “I couldn’t disagree more that the Middle East is like Silicon Valley, not because […]
PARIS A junior French minister backed Emmanuel Macron’s presidential campaign on Tuesday, the first member of the government to do so, just hours after he consolidated his status as favourite in the first of a series of TV debates. The backing of ecology party lawmaker and biodiversity minister Barbara Pompili is expected to be followed by more defections from the government of Socialist President Francois Hollande, in […]
