While ECB President Mario Draghi may sound slightly hawkish at tomorrow’s press conference after an unexpectedly strong acceleration in CPI in December and European economic growth modestly picking up, the ECB is set to argue on Thursday that its extra-easy policy stance is still needed to keep the recovery on course. As a result, it is all but certain to leave current monetary policy in place and […]
China cut its holdings of US Treasuries by $66bn in November, reducing its position in the safe-haven debt to the lowest level since 2010 as the country battles to stabilise its currency. The acceleration in sales — the largest monthly decline since December 2011 — threatens a rise in US interest rates if it continues and follows an unwinding in October that saw China cede its position […]
Via ConvergEx’s Nicholas Colas, Want to know why US stocks feel so fragile? Perhaps we can blame Wall Street analysts. Even after two months of market buzz about lower taxes, infrastructure spending and less regulation juicing investor expectations for better earnings growth, they refuse to bump their revenue or earnings estimates for 2017. Our monthly look at revenue expectations for the companies of the Dow […]
A few cities are already building data marketplaces, especially in light of the increasing streams of data from the IoT. Getty Images/iStockphoto If you live in a big city, chances are pretty good that you’ll be sharing a lot more of your personal information with government entities within a few years. special feature Louisville and the Future of the Smart City Louisville, Kentucky is building a unique […]
At The World Economic Forum’s Middle East and North African (MENA) Regional Business Council At The World Economic Forum’s Middle East and North African (MENA) Regional Business Council 18 January 2017, Davos The World Economic Forum’s Middle East and North African (MENA) Regional Business Council today launched a report outlining six policy reforms to create jobs and stability in the region. “We cannot continue to have one […]
The sole Republican commissioner at the main US derivatives regulator has thrown his hat in the ring to be appointed the next chairman, even as he embraced aspects of financial reforms that Donald Trump’s team wants dismantled. Christopher Giancarlo, of the Commodity Futures Trading Commission, is set to assume the job of acting chairman after Mr Trump’s presidential inauguration on Friday, replacing Tim Massad, the sitting Democratic […]
Janet Yellen, the Fed chair, has warned that the US risks a “nasty surprise” if it waits too long to continue raising interest rates, adding that she expects the US central bank to tighten monetary policy a few times a year until 2019. But on the cusp of Donald Trump’s inauguration as an economy-focused president, she also said slow productivity growth meant the US’s “usual” rate of […]
At least $13.3 billion of government projects are at risk of being cancelled in Saudi Arabia this year because of fiscal pressures and changing government priorities, Zawya Projects reported, citing a study by consultants Faithful+Gould. The total value of project awards for 2017 is forecast at $27 billion, and could rise to $32 billion if the Makkah Metro project, which was originally expected to be awarded in […]
Net profit of QAR 427 million by the end of 2016 Total Assets rose by 7% to QAR 60.6 billion Loans and Advances grew by 5% to reach QAR 35.2 billion by the end of 2016 Deposits reached QAR 32.2 billion, up 4% from the previous year Doha, January 18, 2017 Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the […]
As smartphones and data plans became more affordable in India, the South Asian nation swept aside the U.S. and Brazil to become the world’s top consumer of Google Play applications last year. In terms of the number of times people in India downloaded apps from the store, which is part of Alphabet Inc.’s Google, India outpaced both the U.S. and Brazil who were above it the year before, […]
There has been a lot of discussion about Twitter lately, most of it negative—it can’t make money on advertising, growth is down, and online bullies remain a problem. Meanwhile, Donald Trump tweets daily; more every day since the election. This alone, you’d think, would draw more attention to Twitter and make it more popular. Twitter actually does over $2.5 billion in revenue, but tech companies […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar. In Asia, MSCI’s ex-Japan Asia-Pacific shares index .MIAPJ0000PUS rose 0.3 percent, just shy of a three-month high hit last Thursday. Stock markets in Hong Kong .HSI and China .SSEC led the gains. “Trump’s […]
Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, sees investment opportunities in China’s fixed income and real estate markets, as well as smaller Chinese companies, its managing director told China Finance. ADIA, which has been investing in China for 25 years, has its largest exposure in listed equities, including a $2.5 billion allocation to the China A market, which lists shares denominated […]
Container technologies are still a relatively small part of the overall cloud and application portability market, but this is changing rapidly. Containers are the fast-growing class of tools, growing at an annual clip of 40%. This will be one of the most widely adopted cloud tools, surpassing OpenStack, PaaS, and other offerings. Photo: Joe McKendrick That’ the latest word from 451 Research, which projects growth in application […]
SACRAMENTO San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. With the unemployment rate at 4.7 percent, the U.S. economy has reached full employment, Williams said, adding that inflation is on track to reach the Fed’s 2-percent goal over the next couple of years. […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index .NBI was down […]
Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
Oracle CEO Mark Hurd said the movement to cloud computing is driven by business realities as much — if not more — than technology. Speaking at his keynote at Oracle CloudWorld in New York, a regional tour designed to land cloud customers, Hurd said the global gross domestic product is growing at about a 2 percent clip. Half of the growth in the world is coming from […]
A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]
Speaking of Kushner, I was told he refused to meet with a senior French diplomat after a demand from Trump Tower that the Paris conference be canceled was ignored. Get used to my-way-or-the-highway diplomacy with team Trump. U.N. resolution 2334 infuriated Prime Minister Benjamin Netanyahu of Israel, who called it “shameful.” He seemed surprised that ignoring Obama’s veto of an earlier settlements resolution in 2011 would have […]
Theresa May’s first big speech on Brexit since she became prime minister removed some of the political uncertainty that has dogged the pound. However, the messiness of the politics of Britain’s exit from the EU still tops the lost of reasons why sterling will remain under pressure. A list of the pound’s pros and cons quickly shows why it is languishing at levels last seen in the […]
In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017 In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]
The company rolling out Australia’s National Broadband Network (NBN) has warned of possible civil works disruptions after announcing that it will begin extending fibre and cable broadband into major cities this year. Much of the disruption will occur as NBN needs to gain access to pits and existing infrastructure within high-density cities. “As the NBN network rolls out into cities, we will be met with new problems […]
