Each year at the Ira Sohn conference a group of the world’s best known hedge fund managers present their top ideas for what to buy in the stock market. The event is so closely followed by investors that it is not unknown for shares in companies that are picked to start rising before presenters have even left the stage. More recently, however, some of these celebrity investors […]
22 December 2016 MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt […]
The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention. While the calendar gets quieter in the weeks ahead over the holiday season, there are a few notable macro events to keep traders occupied. This week, the Bank of Japan and Riksbank deliver their latest policy verdicts, […]
The Middle East mobile phone market suffered its third consecutive quarter-on-quarter decline between July and September, according to the latest figures announced by IDC. Shipments in the region totalled 23.8 million units, down 0.7 percent on the 23.9 million units shipped in Q2 and 19.4 percent on the corresponding period last year. IDC said that given that the quarter-on-quarter decline in Q2 was much steeper at 8.5 […]
Chemists have succeeded in specifically controlling the setup of precision polymers by light-induced chemical reactions. The new method allows for the precise, planned arrangement of the chain links, i.e. monomers, along polymer chains of standard length. The precisely structured macromolecules develop defined properties and may possibly be suited for use as storage systems of information or synthetic biomolecules. (via WSJ)
Biological small-angle X-ray scattering (SAXS) is an experimental technique that provides low-resolution structural information on macromolecules. (via WSJ)
A one-two punch of a surging US dollar and rising interest rates sent the price of gold tumbling to its lowest level since February on Thursday, hurting the shares of miners and spurring hefty liquidations of exchange traded funds that track the metal. The price of gold in New York fell as much as 1.8 per cent to $1,122 an ounce, as the dollar rose across the […]
By Leonardo Goy | SALGUEIRO, Brazil SALGUEIRO, Brazil The rusting tracks of Brazil’s Transnordestina railway peter out and give way to a dirt trail in a remote corner of the country’s arid northeast, far from the ports or farms it was meant to serve. No trains run on these tracks and the cleared path for one of Brazil’s most ambitious infrastructure projects is used only by local […]
Commercial banks in Qatar will see their profitability fall under continued pressure in the coming years as deposit growth slows and interest rates drop, new research shows. A report by BMI Research, part of Fitch Group, states: “In the first 10 months of 2016, the average interest rate on government securities stood at 2.65 percent, well below the average of 5.96 percent that banks demand on private […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession. The recovery is finally expected to trickle down to you in the form of […]
After eight years in which interest rates in rich countries have kept close to all-time lows, a change of weather is in the air. Donald Trump’s election as US president and widespread expectations that the Federal Reserve will nudge rates higher this week have made their mark on the markets. The big question is whether short-term pressures for higher US interest rates are strong enough to overturn […]
Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment under the future Trump administration. Since the November election result, there have been seven days when more than $20bn of investment grade debt has traded hands — a level that had previously only been breached 18 times since data has been […]
· Chamber organised study mission to explore trade and investment opportunities in St. Petersburg · Delegation discussed Dubai-Russia trade ties with key stakeholders from the city’s public, private sectors 12 December 2016As part of its efforts to explore new business opportunities for its members and promote Dubai as a global business hub, Dubai Chamber of Commerce and Industry recently conducted a study […]
August remains undetected while stealing data. Image: iStock Cybercriminals are using personalized malware campaigns against staff at retailers in order to steal credentials and sensitive documents. A group known as TA530, is distributing the information stealing malicious software through socially engineered emails which encourage victims to download an attachment containing the relatively new ‘August’ malware (lines in the malware’s code as well as the control panel for […]
Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]
Your daily guide to community and cultural activities across the Emirates for December 9, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Tennis event Take part in the ZSC Academy Tennis Festival, a fun way to experience and learn more about the sport. There will be lessons for children ages 2 and older, tennis […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
Thursday 21:00 GMT Overview The European Central Bank’s latest policy surprise fuelled a volatile session for the euro and government bonds as participants appeared, initially at least, to struggle to assess its implications. But European stocks rose to 11-month highs while Wall Street overcame an early bout of fatigue to set yet more record peaks. Oil prices resumed their upward path, even as a stronger dollar unsettled […]
This is part of a series on the global rise of exchange traded funds Have we reached Peak ETF? And are we therefore at last in a “stockpicker’s market” where active fund managers skilled in bottom-up stock selection can feast on the mispricings and anomalies that the herd of exchange traded funds have left in their wake? It is beguiling to think that this could have happened. […]
PARIS Manuel Valls, who launched a bid for France’s presidential election on Monday, would not gather enough support to go through to its second round, according to an opinion poll published on Wednesday. Valls, President Francois Hollande’s prime minister since the spring of 2014, quit this week to run for president after Hollande himself decided against seeking a second term. If Valls were to win the Socialist […]
Monday 14.40 GMT Overview Italy’s stock market and much of the country’s banking sector is back under pressure, as investors refine their response to the No vote in the country’s referendum on constitutional reform that led to the resignation of Prime Minister Matteo Renzi. The yield on the country’s benchmark sovereign debt yield remains higher as investors continue to sell Italian government bonds. Italy’s 10-year government debt […]
Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a […]
December 2, 2016 by: Mamta Badkar in New York The US economy added 178,000 jobs in November while the unemployment rate fell to its lowest level since 2007, suggesting the US Federal Reserve is on track to raise interest rates this month. The jobs tally was just shy of economists’ expectations for 180,000. That compared to the 142,000 jobs it created in October. While the data showed […]
The pound climbed to its highest level against the euro in almost three months after a rare public comment from the government on its strategy for leaving the EU, adding further momentum to the currency’s November rally. The pound was worth €1.1940 for the first time since September 7 after David Davis, so-called Brexit secretary, told MPs the UK would consider paying for access to the single […]
