Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]
KGI Securities has always been known for accurate iPhone leaks. Last Feb. 21 it sent a missive to its clients detailing the possibility that the iPhone 8 will be featuring a revolutionary selfie camera technology. The front-facing camera module will purportedly get outfitted with 3D sensors that will naturally allow users the capability to take 3D selfies. According to KGI Securities analyst Ming-Chi Kuo, it is unprecedented […]
But they are not buying much. Unemployment is high, especially among the many young people graduating from college. In all, 50,000 people remain displaced. Electricity and water supplies are still near crisis levels. Hamas, which governs Gaza, elected a new hard-line leader. Tunnel building goes on (and, presumably, so does the construction and smuggling of weapons). On the Israeli side, the political right talks of a new […]
This is a difficult time for democracy, and autocratic leaders are on the rise. I refer, of course, to shareholder democracy and to the increasingly bold attempts of Silicon Valley entrepreneurs, when they go public, to prevent investors from having a say in the running of their company. The founders of Snap, the owner of the messaging service Snapchat are brazenly selling second-class shares that give investors […]
KUALA LUMPUR Malaysian police identified a senior official in the North Korean embassy on Wednesday as a suspect in the murder of Kim Jong Nam, and said another was linked to North Korea’s state airline. Police chief Khalid Abu Bakar said both suspects are still in Malaysia and have been called in for questioning. He said North Korean diplomat held the rank of second secretary at the […]
This much we can tell you for sure: the still-untitled Han Solo spin-off movie will not be called “Red Cup.” That’s the working title, a nod to the fact that George Lucas named Solo’s character for the plastic drinks brand. (True story.) But what about the actual title for the standalone film, which as of Tuesday is scheduled for May 25, 2018? Thus far Lucasfilm has it […]
If eight years under Obama rule, 6 of which included Republican majorities in Congress, taught us anything, it’s that Presidents have fairly broad authority to govern through executive orders and rules changes implemented at the 100’s of government agencies responsible for overseeing our every move. Fortunately for the Trump administration, this broad Presidential authority extends to immigration laws and, despite his recent defeat in the 9th Circuit, […]
Evan Spiegel and other top executives at Snap, the owner of messaging app Snapchat, on Tuesday pitched the company to hundreds of investors in New York and faced questions about user growth, costs and the development of the platform. The ballroom at the Mandarin Oriental in midtown Manhattan was the second stop on a roadshow for the company’s listing, after it kicked off its marketing blitz in […]
“If someone is arrested for throwing a rock, they get a two-year sentence,” the father, Yusri al-Sharif, said, according to the news site Ynet. “In this case, a soldier murdered and got a year and a half.” Continue reading the main story “My son is not an animal,” he said. But Israeli leaders, still shocked that an Israeli soldier was convicted in January in a killing in […]
Rising angst over the outcome of France’s presidential election sent the premium investors are demanding to own French debt instead of German bonds to a new post-eurozone crisis high. The gap between the yield on 10-year French debt and German equivalent bonds exceeded 0.81 percentage points for the first time since August 2012, as a fresh poll showing far right candidate Marine Le Pen is on course […]
U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump. Wal-Mart’s (WMT.N) shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world’s largest retailer reported higher-than-expected U.S. sales. Home Depot (HD.N) shares gained 1.4 percent after the home improvement retailer […]
Photo Seif al-Islam el-Qaddafi on trial in Zintan, Libya, in 2014. Credit Reuters GENEVA — Seif al-Islam el-Qaddafi, the son of Libya’s ousted dictator, should be turned over to the International Criminal Court to be tried on war crimes charges, the United Nations said on Tuesday, adding that he did not get a fair trial in Libya. But the question is, who will hand him over? A […]
The International Monetary Fund’s description of Greek debt as potentially explosive has left negotiators in Brussels struggling to bridge the differences between Athens and its creditors before time runs out to avert default. With creditors unwilling to release the next tranche of bailout money needed to keep the country afloat, Greece is facing €7bn of debt redemptions in July that it cannot afford. Investors appear to have […]
By Fergus Jensen | JAKARTA JAKARTA Saudi Arabia’s King Salman will visit Jakarta and Bali on the Indonesian leg of his Asian tour next month, bringing 1,500 people in his entourage including 10 ministers, Indonesian officials said. “This is a very historic visit for us,” Cabinet Secretary Pramono Anung told reporters on Tuesday, adding that the king would be in Indonesia from March 1 to 9. He […]
Pokémon GO is apparently working wonders for some players, as it allows them to hatch eggs without actually walking all that distance. Hatching eggs in Pokémon GO can yield new Pokémon, but it’s not normally done so easily. Players have to place eggs in incubators and, depending on the type of egg, walk 2, 5, or 10 kilometers or up to 6 miles to hatch them. This means that […]
Photo A session at the International Conference in Support of Palestinian Intifada in Tehran on Tuesday, where Ayatollah Ali Khamenei, Iran’s supreme leader, urged renewal of the Palestinian uprising, or intifada, against Israel. Credit Ebrahim Noroozi/Associated Press TEHRAN — Everything was in place on Tuesday for a gala celebration at Iran’s annual conference in support of Palestine. Awaiting the hundreds of guests was a table piled high […]
European markets regulators are examining a potential loophole in share-trading rules, which they fear promotes lightly regulated, private networks rather than placing curbs on trade away from public exchanges. Concern is mounting that the rules, which take effect from next January, could be exploited by some banks and high-frequency traders (HTF), to sidestep policymakers’ determination to make share trading more transparent. In an effort to improve trading […]
Qualcomm is stepping up its Internet of things game with support for Android Things OS, integration with Amazon Web Services and two systems-on-chips that aggregate a bevy of standards. special feature Louisville and the Future of the Smart City Louisville, Kentucky is building a unique bridge between the smart city and the smart home. Here’s what communities and citizens can learn about the benefits of the onrushing […]
Ann Ravel on Sunday fulfilled her promise to quit the Federal Election Commission by May. In doing so, Ravel — who directed her resignation letter at President Donald Trump and including unsolicited advice for new president — leaves behind an agency the outspoken Democratic commissioner says she at once considers “essential” to American democracy and as useful, in its current state, as “men’s nipples.” But Ravel tells […]
Photo Red Crescent workers collected the bodies of migrants on Monday from a beach near the town of Zawiya, Libya. Credit Libyan Red Crescent CAIRO — The bodies of 74 migrants were recovered from a beach near the town of Zawiya in western Libya, rescuers said on Tuesday, an ominous sign before the high season for Mediterranean crossings. The bodies were believed to have come from a […]
At least 180 Chinese listed companies will be forced to cancel or scale back planned rights offerings worth $97bn in response to regulations that target excessive fundraising used for dubious acquisitions and financial speculation. The rules come as Chinese regulators are increasingly concerned about the trend of “exit the real, enter the fake” — a phrase used to denote companies abandoning real economic activity in favour of […]
iPad sales are in serious decline, but Apple CEO Tim Cook remain “very bullish” about the tablet. Can a March refresh turn things around? Must read: OLED iPhone 8 may finally have the feature that owners have been craving The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of […]
H.E. Mohammed Al Gergawi: The vision of His Highness Sheikh Mohammed bin Rashid is clear and the role of the council is to put the strategy of Dubai 10x into action We will be working to stay ahead of future trends and developments and to maintain our lead over other major cities, implementing today what cities around the world will be adopting 10 years from now Dubai, […]
By MacDonald Dzirutwe | HARARE HARARE As he celebrated his 93rd birthday on Tuesday, Zimbabwe President Robert Mugabe brushed aside persistent allegations of corruption against senior officials, saying rumour-mongers were merely targeting “big fish” in his administration. In comments to be aired on state media on Tuesday, the world’s oldest leader said he would act if shown evidence – even though graft scandals involving ministers and even […]
