So Brexit was not a historical accident after all. The Trump victory seals it. A complacent, mainly urban liberal class, has been undone by a revolt. Nationalists are in charge of Washington and London now. These “strongmen” and “strongwomen” will control borders, restrict the movement of labour and subject cross-border M&A to ever tighter public scrutiny tests. Security will come first. The twin freedoms of capital and […]
Photo Ralph Branca of the Brooklyn Dodgers in 1951 after giving up a home run to Bobby Thomson that sent the New York Giants to the World Series. Credit Rogers Photo Archive, via Getty Images In 1902, a seamstress named Katherine Berger married a trolley-car conductor named John Branca and spent half of the next 26 years pregnant, giving birth 17 times. One of her children, Ralph […]
Steam fans can now cast their nominations for the first-ever Steam Awards, coinciding with the kickoff of the Steam Autumn Sale running from Nov. 23 to Nov. 29. Steam Awards Categories Players may cast their nominations under eight available categories, the names of which aren’t exactly representative of a prestigious caliber found on most mainstream awards shows for video games such as the forthcoming Game Awards in December […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets. International Brent crude oil futures LCOc1 were trading at $49.00 at 0403 GMT, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude […]
November 24, 2016 by: Neil Hume, Commodities and Mining Editor The new chief executive of Rio Tinto said on Wednesday that he would focus on sweating the company’s assets and improving productivity rather than transformational mergers and acquisitions. Ahead of his first in-depth strategy presentation, Jean-Sébastien Jacques said that the Anglo-Australian miner could boost cash generation by as much as $5bn by the end of 2021 by […]
Nasdaq is asking regulators to approve a new order type in the latest example of how the dynamics of speed are changing in the world’s largest equity market. In a letter to the Securities and Exchange Commission, the US exchanges operator proposed a so-called extended life priority order attribute, which would give priority to retail orders seen by the whole market when traders agree not to cancel […]
Photographs capture mere fractions of seconds, but a series of them taken by an Egyptian journalist has cost him more than three years of his life. Mahmoud Abou Zeid, known as Shawkan, has been in Tora Prison in Cairo for more than 1,100 days. He has been detained without trial since he was arrested while photographing the deadly antigovernment protests that roiled Egypt in the summer of […]
Hollywood star Samuel L Jackson will be presented with a Lifetime Achievement Award at the opening ceremony of the Dubai International Film Festival (DIFF) next month. Jackson is long-celebrated as one of cinema’s most talented and intuitive actors with over four decades in the industry and featuring in more than 100 films. “Jackson has crafted a diverse and successful career in Hollywood and beyond and earned multiple […]
In baseball lore the moment has been preserved in amber, alongside Lou Gehrig’s farewell at Yankee Stadium, Don Larsen’s perfect game in a World Series and “the Catch,” Willie Mays’s spectacular over-the-shoulder, warning-track snare of a Series blast at the same Polo Grounds, three years after Thomson’s “shot.” It was immortalized in American literature by Don DeLillo, who opened his 1997 novel, “Underworld,” with an extended passage […]
Iron Man and Captain Marvel. The two heroes have clashed both physically and verbally over the course of Marvel’s Civil War II event, starkly divided over the issue of whether or not the superhero community should be using visions of the future to arrest innocent people prior to them committing crimes. Most recently, a vision from the Inhuman Ulysses revealed a future in which a young Miles […]
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of […]
Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]
Iraq, the second-largest oil producer in OPEC, will shoulder part of the burden of output cuts outlined by the group in September, Prime Minister Haider Al-Abadi said. “Iraq will cut its output to preserve prices,” Al-Abadi told reporters in Baghdad on Wednesday. The country wants OPEC to reduce production by a total of 900,000 barrels a day when it meets next week in Vienna because the crude-market […]
Photo High-school-football games showcase so much more than just athletics. Credit Jonno Rattman for The New York Times Kenny Byrd broke one tackle, then another, and soon he had nothing in front of him but end zone. The crowd roared with delight; the marching band lifted its horns and belted out a celebratory rendition of “Shut Up and Dance.” Cowbells clanged. Behind me, the superintendent of schools […]
At the Bundesbank’s Frankfurt offices, its dealers sit in front of rows of Bloomberg and Reuters terminals and search for €10bn-worth of their government’s bonds to buy each month. As prices for the debt hit record highs earlier this year, they struggled to find bonds cheap enough to meet their target, set as part of the European Central Bank’s quantitative easing programme. Now, as investors anticipate higher […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
Impala Asset Management, the $2.2bn hedge fund run by George Soros’s former chief investment officer, is benefiting from bets that an overhaul of America’s infrastructure and sustained demand from China will buoy appetite for commodities. Robert Bishop, who founded Impala in 2004, said they decided infrastructure would be a win whoever won the US election, but doubly so in the case of Donald Trump, a real estate […]
U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Information Administration data showed on Wednesday. Crude inventories USOILC=ECI fell 1.3 million barrels in the week to Nov. 18, compared with expectations for an increase of 671,000 barrels. Stocks at the Cushing, Oklahoma, delivery hub for crude […]
Eurozone corporate bond risk premiums have jumped to their highest level since July, as Donald Trump’s victory in the US election effectively erases gains generated by the European Central Bank’s policy of buying companies’ debt. A sharp rise in global bond yields since Mr Trump’s triumph has also spurred an underperformance of European credit relative to the US corporate debt market. Higher corporate credit spreads in euros, […]
“Music brings us together because music comes from the heart,” Filipino pop-rock singer Yeng Constantino told The National, days before she kicks off the Beats on the Beach music festival at Abu Dhabi’s Corniche on Thursday, November 24. Constantino, 27, knows a thing or two about heartfelt singing. Her own music, which she often writes and composes, embodies the soul-stirring passion of classic Filipino folk ballads modernised […]
As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]
The facility is Hempel’s second largest decorative factory in the world, and the largest in the Middle East Kingdom of Saudi Arabia – 23 November 2016 Hempel Paints, a global supplier of marine, protective and decorative coatings, announced plans to move its entire production in Saudi Arabia to its new plant in Jeddah’s Second Industrial City as part of a strategy aimed at meeting the needs of its […]
A woman says low-flying aircraft mean that barrel bombs are again about to fall on eastern Aleppo. Terrible seconds elapse as she anticipates an explosion that will topple a wall or an entire building on her. She imagines death, but then opens her eyes to realize that she still lives. A teacher, Wissam Zarqa, says his senses sometimes play tricks on him. His ears hear a warplane […]
Hold your real assets outside of the banking system in one of many private international facilities –> https://www.sprottmoney.com/intlstorage Posted with permission and written by John Rubino All this talk of massive new infrastructure spending financed with a tsunami of freshly-minted currency should be lighting a fire under gold. That it hasn’t is a testament to how out-of-whack the precious metals market […]
