For the past year, Deutsche Bank was one of the most stubbornly pessimistic banks. Then, overnight, everything changed for one reason: Donald Trump. The German bank laid out its 180-degree change in opinion in a 30-page Friday note titled “Trump: the huge picture for stocks”, in which it revealed that it now expects the S&P to easily rise to 2,250 by Trump’s inauguration, and then rise to […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on how Donald Trump’s election produced an abrupt change of mood in the markets and examines which assets will now benefit. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Was there a financial markets equivalent of the “shy” Trump supporter to explain […]
Arabian Travel Market will host the first ATM Global Halal Tourism summit as part of its line-up of special focus events, the organsiers have announced. Reed Travel Exhibitions, organiser of the annual Arabian Travel Market (ATM) in Dubai said the summit will feature experts from the Muslim travel world to discuss growth opportunities and positive economic impact. The summit, which is scheduled to take place on Wednesday […]
China’s domestic stock markets look set to be denied entry into international benchmarks for the fourth year in a row next year unless Chinese regulators remove “major obstacles” before June. Dimitris Melas, head of equity research at MSCI, provider of the benchmark MSCI Emerging Markets index, gave a downbeat assessment on Thursday of the prospects for China’s A-shares to be included in the index next year in […]
By Dan Burns and Jennifer Ablan | NEW YORK NEW YORK With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection […]
Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to $6bn of its stock as its investors brace themselves for slower growth next year. In a regulatory filing, Facebook said that the board had approved the buyback on Friday. It will begin in the first quarter of 2017 but the scheme has no set expiration, leaving Facebook the flexibility to be opportunistic if […]
Huawei has secretly slid in a new variant of the Mate 9, its flagship killer, bringing the total variants to three with the Mate 9 Pro, the Mate 9 Porsche edition and now the Mate 9 Lite, the a new shrunk down version of Huawei’s flagship, specs and size-wise. The Mate 9 Lite has one major drawback, however, and it’s the lack of Leica shooters in the […]
From Fortress Capital: Let’s face it – investing is difficult! Gone are the days of saving for retirement. The average savings account in the USA pays less than 1%. Fortunately for most investors the stock market has been going up and up, but it’s going to correct (it always does). But it hasn’t been a good ride for all investors. Many retirees now living off their retirements are […]
By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]
Both Google and Apple rely on its individual app stores as an added selling point for its smartphone products, because what’s a smartphone without the apps? Simply banking on a huge library, however, is only a small part of the equation. Apps need to have an inherent retention power. They must provide enough features and perform excellently in order to remain situated in a user’s app tray. […]
The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
You know Tony Robbins. He’s the world’s most famous performance and motivational coach. He’s advised everyone from Bill Clinton to Serena Williams, from Leonardo DiCaprio to Oprah Winfrey (who calls him “superhuman”). He was called in to advise Bill Clinton during his impeachment and counts billionaires such as Virgin’s Richard Branson and casino magnate Steve Wynn among friends. He first broke onto the self-improvement scene 30 years […]
You would think that most theatregoers would have seen Les Misérables at least once. After all, it is the world’s longest-running musical, has been translated into 22 languages, performed in 44 countries and seen in more than 350 cities. So to stage this musical for 18 performances at a new theatre that has a capacity of 2,000 is, you would think, a little bit of a gamble. […]
She found a Plan B on a bulletin board that advertised openings in the Police Department. The prospect of holding a job where no two days were the same appealed to her, and she said the department’s equal pay for women was also a huge selling point. She quickly realized that she had found her calling. “Most days I went home amazed that someone was paying me […]
Photo Nusra Front fighters in Idlib Province, Syria, in 2015. In what analysts say is a calculated move to hide ties to Al Qaeda, the Nusra Front recently rebranded itself and changed its name to Jabhat Fath al-Sham, or the Levant Conquest Front. Credit Ammar Abdullah/Reuters American officials accuse him of being part of the “inner leadership circle” of Al Qaeda’s Syrian affiliate, most widely known as […]
Federal prosecutors have charged a former Valeant manager and the former chief executive of Philidor, a defunct pharmacy chain, alleging the pair operated an illegal kickback scheme to personally enrich themselves to the tune of tens of millions of dollars. New York prosecutors alleged that Gary Tanner of Valeant and Andrew Davenport of Philidor secretly worked together to promote a deal under which the Canadian drugmaker purchased […]
Thanos is the big bad of the Marvel comic universe. In fact, he’s so big and so bad that the entire Marvel film universe has been building toward a confrontation between him and the heroes of Earth. It’s only natural then that Marvel continues to put the spotlight on the character in the comics. But whereas previous Thanos story have looked to flesh out the villain’s backstory, […]
Thursday 08:30 GMT. European and US equity gauges are subdued as government bond yields dip from multi-month highs and the dollar stalls after hitting its strongest level since 2003. Following a muted Asia-Pacific session — encapsulated by Japan’s Nikkei 225 closing unchanged — index futures suggest the S&P 500 will dip 1 point to 2,176 when the opening bell rings later in New York, leaving the Wall […]
Huge waves are sculpted in this two-lobed nebula called the Red Spider Nebula, located some 3,000 light-years away in the constellation of Sagittarius. Source link
Over the past few episodes, the battle between the evil Zamasu and Goku, Vegeta and Trunks has been heating up. It seems Zamasu’s fusion with Goku Black simply made the villain too powerful for the Z fighters to overcome. But as episode 66 of Dragon Ball Super shows, the defenders of Earth have a few more tricks up their sleeves. As was heavily teased in previews for […]
|By Matein Khalid| Donald Trump’s shock win will have a profound impact on the GCC economic constellation via multiple feedback loops. His economic policies mean a much higher US dollar, anathema to GCC economies since it correlates with stock/property market crashes, banking stress and oil slumps. This is the macroeconomic linkage due to the GCC US dollar peg whose lessons the region learnt the hard way in […]
Dubai, UAE, 16 November 2016 Visitors at Middle East Concrete and PMV Live 2016 can look forward to a host of exciting new innovations and product launches such as ground-breaking tractors, road trucks and rear tippers from 21-24 November at the Dubai World Trade Centre. Ford Trucks plans to display a range of 2017-model heavy commercial vehicles including an 1843T tractor and 3543M 6 x 4 and […]
MARRAKECH // The UAE is investing in “rain-enhancement” as lack of water could become a matter of national and environmental security, meteorologists have told the Conference of Parties 22. Scientists have been looking at techniques such as cloud-seeding and the first annual grant of US$5 million has been awarded to researchers seeking solutions. “Rain enhancement is a possible solution to water security, which is in turn related […]
