|By TAP Staff| Investors see growing overvaluations in both equities and bonds and have signaled concern about a valuation bubble forming, according to the BofA Merrill Lynch Fund Manager Survey for April. The proportion of global investors saying equity markets are overvalued has reached its highest level since 2000. A net 25 percent of respondents to the global survey say that global equities are currently overvalued, up […]
Bengaluru/By Vishnu Raja/The on-going brawl over telcos move to charge consumers differently and discriminate in favor of some apps opposed to others, had once existed in the past, but only in a realm of hypothetical discussions. The debate is becoming realistic as people in India begin to realize the importance of net neutrality (NN) and the ‘dangers’ this may pose to consumers. ISPs, globally, have a track record of such arbitrary actions and […]
For those who prefer pen or pencil over typing on a touchscreen, it doesnt get much better than a classic Moleskine notebook. This new limited edition collab collection pairs original Batman art from artists Frank Miller & Mike Mignola with Molsekine’s round-cornered notebooks in both pocket-size & larger 5in X 8.25in. size. This entry passed through the Full-Text RSS service – if this is your content and […]
The specter of an atomic arms race in the world’s most volatile region has heightened the stakes in Iran’s nuclear talks after Saudi Arabia’s repeated hints it would seek its own atomic weapons if Tehran ever did the same. Riyadh’s unprecedented action in assembling a coalition of other Sunni Muslim countries to bomb Tehran’s Houthi allies in Yemen this week has shown how seriously it takes the […]
As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai’s skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf – open shareholder dissent. Speculation persists that Alabbar and Emaar, the company he founded in 1997, could soon part ways despite a categorical denial from the firm last month. His involvement in other firms’ projects, […]
Iraqi security forces in Tikrit, Iraq, on Monday. By ROD NORDLAND March 30, 2015 TIKRIT, Iraq — Secretary General Ban Ki-moon of the United Nations used a visit to Baghdad on Monday to warn the Iraqi government to treat civilians decently after it liberates territories like Tikrit, where a government offensive has been supported by heavy American-led airstrikes for the past five days. “Civilians freed from the brutality of […]
|By Shakir Noori| The images captured by mobile cameras flicker across the television screen, much in the manner of old Hollywood wild-west movies. The blue waves of the Mediterranean turn crimson with the blood of Egyptian workers in Libya, transforming the small screen into an inferno of bloody rivulets. And yet again, as I sit a spectator to Daesh’s (self-proclaimed Islamic State of Iraq and the Levant) […]
Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. Factory activity in China, the world’s second-largest economy and top oil importer, slipped in March with the flash HSBC/Markit Purchasing Managers’ Index (PMI) reading at 49.2, below the 50-point level that separates growth from contraction. Economists polled […]
The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots. Simple refineries that process crude into fuel oil are scaling back, because when oil prices slump, the government reduces the discount that these refiners — known as teapots to those in the industry — get for exporting fuel. They use less crude, freeing it up for sale abroad, which […]
Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Royal Bank of Scotland (RBS) also sold at least part of its exposure in the conglomerate, said two sources, which could mean more than $1 billion of Dubai World’s debt has changed hands. The moves help pave […]
Citigroup Inc and Barclays Plc are close to settling as early as this week a lawsuit with private investors who say the banks manipulated foreign-exchange rates, the Wall Street Journal said. The two banks are expected to pay as much as $800 million in settlement, the daily said, citing people close to the situation. Barclays declined to comment. Citigroup could not be immediately reached. JPMorgan Chase & […]
Salim Al Aufi, Oman’s undersecretary for oil and gas, likens attempts to cut the reliance on oil during a price slump to acting “with a gun pointed at your head.” If you have to make decisions under pressure, “you will probably make the wrong ones,” he said March 3 in Muscat during a panel discussion on the impact of the oil shock. Oman relied too much on […]
| By Michael Sasso| If you have to fly from New York to New Delhi on April 1, you can book through one of the three big U.S. airlines for at least $1,100 round trip. Or you can take one of Emirates’ luxurious Airbus A380s for less than $900. That choice is at the heart of the complaint raised by Delta, American, and United Continental with U.S. […]
Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing a trade-play that made oil storage profitable, and re-injecting fuel into an already oversupplied market. The selling signals a winding down of a strategy that has seen at least 50 million barrels of oil stored in tankers, equivalent to about one month’s consumption in Britain, although […]
Falcon Private Bank is open to buying rivals as it expects a wave of consolidation in the industry due to more onerous regulations, its global head of private banking said on Wednesday. Swiss-based but Abu Dhabi-owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in […]
Arabtec’s chairman will meet officials of Egypt’s housing ministry on Wednesday to renegotiate the terms of a $40 billion plan to build one million homes in that country, a source familiar with the matter said. Dubai-listed Arabtec announced last March that it had reached agreement in principle with Egypt’s army to build the homes at 13 locations around the country, on land provided by the armed forces. […]
The BBC’s headquarters in London Photo: AP The BBC’s director-general, Tony Hall, is a man in a hurry. As one of the oldest DGs to be appointed, and already in receipt of his BBC pension, the 64-year-old is acutely aware that the corporation’s charter has less than two years to run, and that the licence fee – the BBC’s bedrock for the 93 years of its existence – […]
By Se Young Lee and Harro Ten Wolde SEOUL/BARCELONA Mon Mar 2, 2015 9:39am IST 1 of 5. A hostess displays the Galaxy S6 edge smartphone at the Samsung Galaxy Unpacked event before the Mobile World Congress in Barcelona March 1, 2015. Credit: Reuters/Albert Gea SEOUL/BARCELONA (Reuters) – South Korea’s Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones, featuring a slim body made from aircraft-grade […]
Gen Odierno said that British defence cuts are already jeopardising US-UK joint operations Photo: AP Ever since the Cold War ended more than two decades ago, America has never entertained any serious doubts about Britain’s ability to fulfil its commitment as a vital military ally when tackling threats to the Western alliance. Until now. For the dramatic cuts to Britain’s defence budget implemented since the Coalition took power […]
Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for a reduction in tax. Overseas purchases may jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, who delayed purchases in anticipation of the tax cut, replenish stockpiles, Rajesh Mehta, chairman of Rajesh Exports Ltd., said by phone from […]
By Edward Taylor and Jan Schwartz GENEVA Sun Mar 1, 2015 11:43pm IST Customers gather for the opening of an Apple Store in Hangzhou, Zhejiang province, January 24, 2015. Credit: Reuters/Stringer/Files GENEVA (Reuters) – The main talking point at this week’s Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world’s automakers will gather in the Swiss city […]
Lord Justice Munby curious puzzle has arisen following my piece a fortnight ago headed, “Why don’t the family courts obey the law?” I quoted a trenchant recent judgment in which Lord Justice Munby, the head of the family courts, went out of his way to emphasise that “one of the oldest principles of our law” is that “no one is to be condemned unheard” – and that […]
The tide may be turning in the retreat of the U.S. oil explorers. Rigs targeting oil fell by 33 to 986, the smallest decline since Jan. 2, Baker Hughes Inc. said on its website Friday. Energy rigs in the Permian Basin shale region dropped by seven to 355 after dropping by as much as 49 earlier in the month. The Eagle Ford in Texas lost three rigs. […]
[embedded content] The Sesame smart lock replaces your house key & lets you use your phone instead. The app is super-simple and the universal Sesame unit installs over your existing lock—and pretty much any lock—in just seconds. Sesame is programmable, set a secret knock to unlock or give friends access, & receive notifications when the door opens/closes. A funded Kickstarter project. This entry passed through the Full-Text […]
