Amazon.com Inc’s (AMZN.O) shares fell as much as 4.2 percent on Friday after the company missed Wall Street targets for its closely watched cloud computing business. Shares fell to $804 in early trading, a day after the company reported lower-than-expected fourth-quarter revenue and said it would continue to spend heavily this year, as it looks to take control of its delivery chain and expand its video service […]
Apple clinched $10bn of debt financing on Thursday as capital market activity remained robust, with Microsoft and AT&T also borrowing hefty amounts from investors this week. Apple’s latest bond sale follows a bumper start to the year for corporate and bank borrowings, with more than $185bn raised by investment-grade groups in the US, according to Dealogic. This week Microsoft borrowed $17bn in the largest bond offering of […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
SEOUL Two years ago, Thae Yong Ho, North Korea’s former deputy ambassador in London, received an unexpected phone call from the ruling Workers’ Party Central Committee in Pyongyang telling him to get ready to receive a very important e-mail. “Please go to the Albert Hall and buy four tickets,” said the cryptic message from a disposable e-mail address designed to throw off Western intelligence agencies. But the […]
|By Arabian Post Staff| Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership. The two airline groups have concluded a US $100 million global catering agreement and a Memorandum of Understanding (MoU) to cooperate in aircraft maintenance, repair and overhaul. Addressing a press conference today in Abu Dhabi, the chief executives of both airline groups spelled […]
Conservative Republicans are girding themselves for a clash with Donald Trump’s administration, warning that lax spending plans could put national debt on a steeper upward trajectory. The president has wrongfooted Republican deficit hawks by proposing to slash tax, protect social security and Medicare, boost defence spending and build a wall along the border with Mexico. Some lawmakers fear even fiscally conservative colleagues will buckle in the face […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
Employees select and dispatch items in the huge Amazon ‘fulfilment centre’ warehouse.Image: Getty Images/oli scarff By Patrick Kulp2017-02-03 04:33:17 UTC Amazon just had its best holiday season ever, pulling in the highest quarterly sales in the company’s history and capping off a year in which it tripled profits from the previous one. Wall Street greeted this news with a definitive “meh.” The online shopping behemoth’s stock fell […]
TOKYO Japanese robotics startup ZMP Inc hopes to list on the Tokyo Stock Exchange in the coming months, after a delay late last year due to client information being leaked on to the internet, the firm’s founder and CEO told Reuters on Friday. Despite the delay in its initial public offering, worth up to $82 million, ZMP remained on track to develop a self-driving taxi in time […]
As an expectant crowd of couples, families, retirees and grizzled world trekkers wait to board our Antarctic-bound ship, the mood is overwhelmingly one of anticipation. Talk is of when the first orca or iceberg will be sighted, and trepidation at the state of the Drake Passage, the notoriously rough sea that sits between us and the pristine ice of Antarctica. As we leave the docks of the […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
ABU DHABI // Tensions between the UAE and Iran escalated on Thursday after the Iranian charge d’affaires was summoned by the Ministry of Foreign Affairs and International Cooperation. Dr Abdulrahim Al Awadi, the ministry’s assistant minister for legal affairs, handed him a note of protest on “Iran’s illegal provision of weapons to the coup militia against the legitimacy in Yemen”. “Iran’s move is in violation of United […]
It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to […]
By Patricia Zengerle | WASHINGTON WASHINGTON President Donald Trump said on Thursday that “nothing is off the table” in dealing with Iran following its test launch of a ballistic missile, and his fellow Republicans in Congress said they would back him up with new sanctions. Trump comment was in response to a question about whether he would consider military options to respond to Tehran, a day after […]
Nickel rose on Thursday, outpacing other industrial metals, as speculators rushed to close bearish bets after the Philippines pressed ahead with an environmental crackdown on domestic producers. Nickel for delivery in three months on the London Metal Exchange rose as much as $250 to $10,500 tonne after Manila ordered the permanent closure of mines that produce about 8 per cent of the world’s nickel supply. The metal […]
By Isabel Coles | RASHIDIYA, Iraq RASHIDIYA, Iraq His name was Ayman, but the couple who brought the boy home to their Iraqi village after buying him for $500 called him Ahmed. Islamic State militants had killed or enslaved Ayman’s parents in their purge of the Yazidi religious minority to which he belongs, then sold the four-year-old to Umm and Abu Ahmed, who are Muslims. For the […]
If you’re looking for a quick, easy, and affordable way to protect your Google account, Facebook, GitHub, Dropbox, Salesforce admin account (and much more), or looking for a way to harden your Mac or Windows login credentials, then you need to take a look at YubiKey. Must read: Best Raspberry Pi alternatives, starting at only $5 OK, first off, what is YubiKey? YubiKey is a small authentication […]
Why Frankfurt? The Frankfurt of common conception and the Frankfurt of reality are very different things. Before arrival it tends to be a hazy cross between a giant conference centre churning through huge trade shows and bank HQs in modern glass towers. There is something to this – there’s surely nowhere else in the world that comes down as far on the business side of the business […]
The Cohort is Poynter’s bi-monthly newsletter about women kicking ass in digital media. Earlier this week, I wrote a piece about whether journalists should participate in political demonstrations and online conversations. While the guidance has always been fairly straightforward (simply put: no), the events of the past few weeks and number of political protests have reignited the debate in newsrooms. More often than not, the answer is […]
ULAANBAATAR/HONG KONG Private citizens in Mongolia are donating cash, jewelry, gold and even horses to help the government make a near $600 million payment to bondholders next month. The cash-strapped nation has been embroiled in an economic crisis brought about by a collapse in foreign investment, slowing growth in China and weak commodity prices. Its currency, the tugrik, lost nearly a quarter of its value last year. […]
By Christopher Johnson | LONDON LONDON Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in U.S. crude and gasoline stockpiles. Brent crude was up 50 cents at $57.30 a barrel by 1115 GMT (6:15 a.m. ET) after settling up $1.22 in the previous session. U.S. light crude gained 30 cents to $54.18 after climbing by […]
PARIS Pressure on French presidential candidate Francois Fillon to pull out of the election race grew on Thursday as some lawmakers in his own camp urged him to abandon his bid in the face of a fake work scandal to save the conservatives from defeat. The scandal, which surfaced a week ago when a newspaper said the wife of the 62-year-old ex-prime minister, Penelope, had been paid […]
It’s like straight from a psychological thriller, as retired policeman Brian Thomas remembers the shocking tales he heard from victims of the Malaysian serial rapist. PETALING JAYA: A retired police officer who was tasked with investigating Malaysian serial rapist Selva Kumar Subbiah more than two decades ago has warned that he still poses a threat upon his return to Malaysia. “If he were to stay in Malaysia […]
Nintendo wants the Switch to be the first thing you reach out when you wake up in the morning and the very thing you hold on to for rest of your day. Its Super Bowl ad has made the case for it while promoting The Legend of Zelda: Breath of the Wild in the process. Why Switch The 30-second clip will not claim any award, and it certainly […]
