By Yashaswini Swamynathan U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump’s first major legislative action. Republicans were forced to pull a healthcare bill on Friday after failing to gather the votes needed in Congress to repeal and replace the Affordable Care Act also called Obamacare. The bill’s failure […]
Photo American-led coalition instructors training Iraqi soldiers at a military base south of Baghdad in January. Credit Thaier Al-Sudani/Reuters WASHINGTON — The United States is sending more than 200 additional soldiers to Iraq to support the Iraqi military’s push to retake western Mosul from the Islamic State, military officials said on Monday. The deployment includes two Army infantry companies and one platoon equipped to clear away roadside […]
Barclays Bank on Monday launched the first exchange traded fund in east Africa when it listed the Barclays NewGold ETF on the Nairobi stock exchange. The product is a cross-listing of the $1.4bn NewGold ETF that sits on the Johannesburg Stock Exchange in 2004 and is also publicly traded on five other African markets. Its initial size in Kenya will be Ks500m ($4.8m) with capacity for expanding […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]
Apple and Facebook are gearing up to challenge start-up Magic Leap and Microsoft’s HoloLens in the race to create a pair of augmented reality glasses that could one day replace the smartphone as consumers’ primary computing device. Apple is stepping up its efforts in AR eyewear, according to people with knowledge of its efforts, while Facebook is also researching the technology that can make what chief executive […]
Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]
Prosecutors in South Korea are seeking an arrest warrant for former president Park Geun-hye for her alleged role in a sprawling corruption scandal that triggered her impeachment earlier this month. “The issues are grave . . . the defendant has abused her status and power to extract funds from companies, impinged on corporate freedoms and leaked state secrets,” said a statement by the prosecutors on Monday. “It is unfair not to […]
In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]
HONG KONG Hong Kong protest leaders said on Monday that police intend to charge at least nine activists, including students and academics, who helped organise or lead Hong Kong’s pro-democracy protests in 2014. News of the move to charge the activists comes a day after a new Beijing-backed city leader was chosen to run the Asian financial hub and vowed to unify a divided Hong Kong. The […]
By Ron Bousso and Ernest Scheyder | LONDON/HOUSTON LONDON/HOUSTON Royal Dutch Shell Plc (RDSa.L) and Anadarko Petroleum Corp (APC.N) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace […]
Two teenage girls wearing leggings were barred from boarding a United Airlines flight on Sunday because they did not meet a dress code for special pass travelers, a company spokesman said amid a furor on social media. The two girls, who were traveling with a companion, would not have been turned away for wearing leggings had they been paying customers, United spokesman Jonathan Guerin said as the […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
Why Fort Lauderdale? At the centre of a south Florida coastal strip stretching from West Palm Beach to Miami, Fort Lauderdale is still, in many people’s minds, the quintessential Florida holiday destination, famous for its excellent beaches, which became synonymous with the image of thousands of partying college students on “spring break”. While its beaches are still fantastic – with clear water, soft sand and a well-planned […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]
26 March 2017 Rebrand to emphasize unique integrated structure Open D Group reinforces position as a global expert in efficient retail and brand focussed solutions with a shopper approach Open D Group, Retail Access and Sparkle, the award winning retail and branding design agencies, have today announced their rebrand to ODG to implement a simpler, cleaner, agile and integrated organization to deliver its expertise in Intelligence, Branding, […]
Shares of Viacom Inc (VIAB.O) could rise 40 percent in the next year as the New York-based media company’s new CEO Bob Bakish focuses on its Paramount Pictures studio and a handful of its networks to turn the business around, according to Barron’s. Viacom, which is controlled by 93 year-old media mogul Sumner Redstone and his daughter Shari Redstone, has been enmeshed in turmoil, which resulted in […]
By Doina Chiacu | WASHINGTON WASHINGTON Roger Stone, a longtime ally of President Donald Trump, said on Sunday he has offered to testify before a congressional committee investigating possible Russian meddling in the 2016 presidential election and ties to the Trump campaign. Stone, an informal adviser to Trump, told ABC’s “This Week” he had not received a reply from the House of Representatives intelligence committee on his […]
Angela Merkel gained a surprise boost to her hopes of retaining power in September’s German parliamentary vote when her Christian Democrat party confounded pollsters with a big victory in a closely watched regional election. Her main challenger, the new Social Democrat leader Martin Schulz, suffered his first serious setback as the SPD failed to turn recent opinion poll gains into electoral success in the gritty industrial region of […]
Fresh from a mammoth, big budget UAE show, Guns n’ Roses have been named the top grossing live act in the world. According to stats compiled by Pollstar, the reformed rock legends bank an average of $5,004,737 (Dh18.3 million) per show, with the average ticket price set at $101.82 (Dh373). Regular tickets for the band’s controversy struck show at Dubai Autism Rocks Arena on March 3 – […]
Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward. That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]
It should come as no surprise that there are numerous activities related to Trust, Identity, and Privacy on the agenda for IETF 98. Below I will highlight a few of the many activities and provide pointers to a number of additional ones. There is something for everyone interested in these areas in Chicago in the coming week! The fun starts before the meeting even begins with the […]
