The UK was the fastest growing economy in the G7 last year and is not yet showing any signs of the slowdown that many economists predicted would follow the vote to leave the EU in June. The economy grew by 0.6 per cent in the fourth quarter of 2016, according to a first estimate from the Office for National Statistics. Growth for the year as a whole […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
Manuel Valls sought to make up lost ground in the race for France’s Socialist presidential nomination by attacking frontrunner Benoît Hamon’s “illusory” economic proposals and “ambiguous” stance towards radical Islam. In a primetime television debate four days before the party’s primary run-off, the former French prime minister challenged his rival’s claim that automation would destroy jobs, leaving individuals with fewer work opportunities. Mr Valls criticised Mr Hamon’s […]
PARIS Hardline French Socialist Benoit Hamon was seen as more convincing in a television debate on Wednesday with ex-Prime Minister Manuel Valls ahead of a runoff vote at the weekend to pick the party’s presidential candidate, an Elabe poll showed. The survey, conducted for BFM TV shortly after the debate was over, found 60 percent of those polled found Hamon more convincing compared with 37 percent for […]
Your daily guide to community and cultural activities across the Emirates for January 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Al Ain Cultural event Attend an Evening at the Oasis as part of the Visit Al Ain annual programme of cultural activities and events. Celebrate the city’s past and vision for the future during […]
Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
By Richard Balmforth | PARIS PARIS The frontrunner in France’s presidential election race, conservative Francois Fillon, acknowledged on Tuesday that his wife had worked for him when he was a legislator, but denied a media report that she had been paid for fictitious employment. Fillon, 62, a former prime minister who is tipped to win the presidency in May, acted quickly to dampen possible scandal after a […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
In strange and confusing times, with disenchantment at successive governments aggravated by feelings of insecurity after terrorist attacks, looming elections threaten to produce a socially-divisive outcome France may come to regret. One essential question faces French voters: should they embrace the extraordinary political turmoil that has swept the West and elect Marine Le Pen, leader of the anti-immigration Front National, a party many see as racist, as […]
Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It’s anyone’s […]
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 […]
By EconMatters We discuss the Macro and Micro outlook for the Oil Market, and everything in between in this latest market video. Oil is being propped up on forward looking fundamentals right now, it very easily could be much lower based upon current inventory levels. © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle Source link
By Ingrid Melander | PARIS PARIS France’s ruling Socialist Party (PS) will stay in the running for the presidency no matter what despite poor opinion poll ratings, its top official said on Wednesday, while acknowledging a divided Left has little chance of winning. President Francois Hollande’s PS party and its allies are this month choosing their candidate for the presidential election, in primaries which secretary general Jean-Christophe […]
PARIS In May last year, then French Economy Minister Emmanuel Macron sat down with Socialist lawmaker Christophe Sirugue in the steel town of Le Creusot and asked him to join his new political movement. He said No. Eight months on, others are saying Yes. A political outsider who has never run for office and hopes to transcend the classic Left-Right divide, Macron suddenly seems to have a […]
Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
Submitted by Mike Shedlock via MishTalk.com, Conventional wisdom suggests National Front candidate Marine le Pen will make it to the second round in French elections, then lose in a landslide to whoever her opponent happens to be. I believe le Pen’s odds of winning it outright are far better than most think. Current Polls Chart from Wikipedia, with image clips added. Top Five candidates Marine le Pen: […]
By Richard Balmforth | PARIS PARIS Former Prime Minister Manuel Valls, long tipped to win the left-wing ticket for France’s presidential election this spring, trailed his rivals after a debate on Sunday where his immigration policies came under fire. In the televised debate, Valls faced six other contenders ahead of a Socialist primary starting on Jan. 22 to pick a candidate who can keep next May’s presidential […]
Today’s Leadership Models Fail To Address Responsive And Responsible Leadership The World Economic Forum kicks off January 17th to 20th in Davos-Klosters, Switzerland. As the global theme for the annual meeting, responsive and responsible leadership begins a lofty conversation about the qualities required to bring generations together, create inclusiveness in growth opportunities, and to bridge cultural and economic divides. With the global system challenged by a confluence […]
The seven candidates for France’s centre-left presidential nomination showed their profound differences on the economy and the EU on Thursday night even as they scramble to pull together a fractured Socialist party ahead of a widely expected crushing defeat in the spring. A little more than a week before the first round of primary elections, the presidential hopefuls quarrelled on primetime television over the legacy of the […]
A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]
Car sales in China are forecast to slow sharply this year as stimulus measures designed to boost demand are set to end. Sales are expected to increase 5 per cent in 2017, a significant drop from growth of 13.7 per cent last year, which was the fastest rate since 2013 despite a broader economic slowdown. Growth in 2016 exceeded expectations due to tax incentives on smaller vehicles, […]
Global investors sold the dollar and sought government bonds and gold on Thursday in the wake of Donald Trump’s pre-inauguration press conference, revealing the first sign of buyers remorse for a reflation rally that has dominated global markets since early November. Mr Trump’s press conference, his first as president-elect, was held in New York’s Trump Tower on Wednesday and was dominated by his ties to Russia, his […]
The Merry Christmas ransom note features Futurama’s evil Robot Santa. Image: SANS Internet Storm Center Unsuspecting internet users could find themselves on the receiving end of an unwanted belated Christmas present, malware that doesn’t only encrypt their Windows PC and hold it to ransom, but also steals personal data and login credentials. Spotted by cybersecurity researchers in the first week of the year, the Merry Christmas ransomware […]
Using ring-closing metathesis to exploit the properties of carbon-carbon double bonds, researchers have developed a new catalytic approach for the preparation of compounds essential to drug discovery. (via WSJ)
