No president likes being judged on his first hundred days in office, not least Donald Trump. It is, he tweeted last week, a “ridiculous standard” by which to be measured, even though he also claimed to have accomplished “a lot”. With his 100th day in the White House falling on Saturday, investors have more nuanced ideas. For much of 2017 financial markets have doubted the global “Trump […]
Modest dress is enjoying a renaissance. Fashion brands are increasingly embracing the long-held view shared by those in region that style does not have to equate to revealing a lot of flesh. Building on the foundations of sensuality over sexuality, and demure over décolletage, the West is finally catching up with the Middle East in terms of tasteful dressing. Women in the Middle East have long expressed […]
With little macro data overnight (aside from a modestly disappointing Australian CPI print), offset by an ongoing of corporate profits (this is the single busiest week for corporate earnings in more than 10 years), today everyone’s attention will be focused on three things to come out of Washington: taxes, healthcare, spending. And while we did our best to summarize what is known and unknown last night, this […]
PARIS Jean-Luc Melenchon, the far left candidate who came fourth in the first round of France’s presidential election with nearly 20 percent of the vote, is polling core supporters on whether they will back centrist Emmanuel Macron in the second round. Melenchon’s ‘France unbowed’ political movement said in a statement that none of it members would vote for far-right leader Marine Le Pen on May 7. It […]
Tuesday 12:30 BST What you need to know ● Stock markets extend rally on French election relief● Euro adds to gains as Paris’ bond yields steady ● Havens attract sellers, pushing down gold, the yen and Bund prices● Traders eye Nasdaq 6,000 as company earnings slip into fast gear● Brent crude prices higher as base metals firm——————- Hot topic The relief over the French election, which boosted […]
By Yashaswini Swamynathan U.S. stock index futures rose on Tuesday, building on a day-earlier rally as investors assessed quarterly earnings, while awaiting a major tax plan from President Donald Trump. * Trump promised last week to make “a big tax reform and tax reduction” announcement on Wednesday. The President has directed his aides to move quickly on a plan to cut the corporate income tax rate to […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the U.S. announced new duties […]
The Lafarge scandal, as it became known in the French media, stoked ire among critics who accused the company of seeking to improve profitability despite growing danger for its employees. The situation underscores the difficulty of doing business in war-torn regions. The company has argued that its local managers saw little recourse other than paying off armed groups to guarantee the safety of staff members and keep […]
By Yashaswini Swamynathan U.S. stock index futures rose sharply on Monday, tracking European and Asian stocks, as investors breathed a sigh of relief after Centrist candidate and market favorite Emmanuel Macron won the first round of the French election. * Polls showed pro-EU Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote next month, reducing the chances of France taking a Britain-like […]
Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s Dax, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who is seen as a 61% to 39% favorite to defeat Le Pen […]
By Bate Felix and Sudip Kar-Gupta | PARIS PARIS Round two of the bitter fight for the French presidency got under way on Monday within hours of first round results with far-right leader Marine Le Pen’s top aide launching a stinging attack on her centrist opponent Emmanuel Macron. “Emmanuel is not a patriot. He sold off national companies. He criticised French culture,” Florian Philippot, deputy leader of […]
24 April 2017 Dubai – Commercial Bank International (CBI or ‘The Bank’) today announced its financial results for the first quarter (Q1) 2017. Financial highlights – three-months ended 31 March 2017: · Operating Income increased by 9% to AED 203 million versus AED 187 million in Q1 2016. · Net profit of AED 21 million. Advertisement · Net interest income increased by 10% to AED 126 million […]
PARIS Emmanuel Macron’s camp should perhaps keep the champagne on ice a little longer. The young independent centrist’s qualification on Sunday for the runoff of France’s presidential election in two weeks’ time will certainly bring a sigh of relief in European capitals and financial markets; opinion polls suggest he will beat his far-right rival Marine Le Pen with ease. But to have a real chance of implementing […]
By Rodrigo Campos and Megan Davies | NEW YORK NEW YORK U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock. Macron will face far-right leader Marine Le Pen in a May 7 runoff and opinion polls on Sunday had him easily winning the […]
The euro surged in early Asian trading after Emmanuel Macron, investors’ preferred candidate, appeared on track to make it through to the final round of the French presidential election, which opinion polls suggest he will win. Mr Macron, who supports open markets and France staying in the EU, won 23.7 per cent of the vote in the first round vote on Sunday, according to three estimates for […]
PARIS Senior French conservatives and Socialist presidential candidate Benoit Hamon said on Sunday that they would back centrist Emmanuel Macron in a May 7 runoff against far-right leader Marine Le Pen. After initial projections indicated Macron and Le Pen had qualified for the second round, Socialist candidate Benoit Hamon told supporters his party had suffered an “historic blow” from its voter base and called on voters to […]
April 23, 2017 by: Anne-Sylvaine Chassany in Paris Emmanuel Macron will go head-to-head against Marine Le Pen in the run-off election for French president on May 7 after qualifying in Sunday’s first round vote. Mr Macron, an independent centrist, came out on top with 23.7 per cent of the vote ahead of Ms Le Pen, the far-right leader, on 21-22 per cent, according to three estimates for […]
French voters are going to the polls in the first step of a nail-biting two-round process to elect France’s next president. The election, which will choose a leader with some of the greatest executive powers among western democracies, has turned into a four-way cliffhanger after months of campaigning marked by embezzlement scandals, terror attacks, the collapse of old mainstream parties and the rise of candidates from the […]
A confocal microscopic image of wet spun microfibres with Shewanella oneidensis bacteria (green: living bacteria; red: dead bacteria). Credit: Patrick Kaiser Microbial fuel cells exploit the metabolism of bacteria in order to generate electricity. A new type of biofilm developed in Bayreuth could soon make this relatively young technology considerably more effective, more stable, and easier to use. A research team at the University of Bayreuth has […]
By Ingrid Melander | PARIS PARIS France goes to the polls on Sunday for the first round of a bitterly fought presidential election, crucial to the future of Europe and a closely-watched test of voters’ anger with the political establishment. Nearly 47 million voters will decide, under tight security, whether to back a pro-EU centrist newcomer, a scandal-ridden veteran conservative who wants to slash public spending, a […]
By Bate Felix and Daniel Pardon | PARIS/PAPEETE, French Polynesia PARIS/PAPEETE, French Polynesia French overseas territories and French residents in the United States and Canada began voting on Saturday in France’s presidential election, a day before the main first-round of a poll that could change the global political landscape. Of nearly 47 million registered French voters, there are fewer than a million resident in far-flung places like […]
Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]
PARIS French presidential frontrunner Emmanuel Macron on Friday said France should not yield to fear and candidates in the election should avoid one-upmanship after the killing of a police officer in an Islamic State-claimed attack claimed. “Don’t yield to fear, don’t yield to division and intimidation. Our generation must rise to this challenge,” he said in a statement broadcast from his campaign headquarters. Macron said he had […]
