By George Frey | HILDALE, Utah HILDALE, Utah The Utah mansion where convicted pedophile and polygamous religious sect leader Warren Jeffs once lived is being purchased by one of his former wives, who hopes to make it a tourist attraction and home for people who have left the church. The house and adjacent buildings are part of a walled compound that straddles two blocks in the town […]
Tyson Food, the largest producer of poultry in the US, lagged behind the S&P 500 on Monday after it disclosed that the office of Florida’s attorney-general is investigating potential anti-competitive behaviour in the chicken market. Tyson’s stock price fell 5.7 per cent to $59.70 on Monday morning — its lowest level since December 2016. Guidance for revenue derived from chickens was reduced, hitting Tyson’s stock price, said […]
Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]
Warren Buffett said on Monday United Airlines made a “terrible mistake” in handling the fallout of a recent incident when a man was forcibly dragged off a United flight, which drew widespread outrage and sparked Congressional hearings. But the billionaire, whose Berkshire Hathaway Inc (BRKa.N) is the largest investor in the carrier’s parent United Continental Holdings Inc (UAL.N), acknowledged on CNBC television that flying has become less […]
OnePlus has carved out a name for delivering excellent phones, like its recent 3T, at mid-range prices since its 2013 launch. Image: OnePlus Smartphone maker OnePlus says it will launch its next flagship, the OnePlus 5, this summer. The OnePlus 5 will succeed last year’s popular OnePlus 3 and the recently launched OnePlus 3T, which offered fans high-end specs well below the cost of flagships from Apple, […]
Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]
By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]
Emmanuel Macron has swept to emphatic victory in France’s presidential election, clinching 66 per cent of the vote to beat far-right candidate Marine Le Pen. The National Front candidate’s 34 per cent share fell well short of the most optimistic projections for Ms Le Pen, which had suggested she could win as much as 45 per cent of the vote in the second round. Mr Macron’s victory […]
Dubai Roads and Transport Authority (RTA) has sold 80 exclusive car number plates for $7.56 million (AED27.75m), it said on Sunday. Four license plates acquired the lion’s share of revenues at the auction, which saw a bidding war, according to WAM. Ahmed Bahrozyan, chief executive officer, RTA Licensing Agency revealed that license number “R-13” fetched the highest price, selling for $795,640, while the balance was raised by […]
Emmanuel Macron’s triumph in the French presidential election nudged the euro to a six-month high against the dollar, with analysts and investors predicting that the result could spur a return of money to the eurozone. The euro inched up 0.1 per cent to $1.1021 in the hours after it became clear the centrist had beaten Marine Le Pen, before dipping 0.1 per cent to $1.0977 as Asian trading started. […]
The Australian dollar was on the back foot following data showing the biggest yearly drop in building approvals in six months. Approvals were down 19.9 per cent in the 12 months to the end of March, tumbling from a 4.9 per cent fall in February, according to data from the Australian Bureau of Statistics. This was well below expectations among economists for a 10 per cent fall, […]
Akzo Nobel, the Dutch paints and coatings group, is set to reject a €26.9bn takeover offer by its US rival PPG Industries, in a move that will force its suitor to have to choose between making a hostile bid or walking away. Akzo is expected to reveal its rejection as soon as early this week, according to people close to the process. It would come roughly two […]
Sign up to receive FirstFT by email here Emmanuel Macron, an independent centrist, won an emphatic victory in France’s presidential run-off against Marine Le Pen, the far-right Front National leader, on Sunday, taking 65.1 per cent of the vote, according to estimates. Mr Macron’s victory is a phenomenal achievement for the 39-year-old former Rothschild banker, who has never before held elected office and whose political movement En Marche! was […]
Phil Schiller, Apple’s senior vice president of worldwide marketing, mocked the Amazon Echo and Google Home devices before hinting that the rumored Siri-powered smart speaker will come with a display. With the shots fired and the hinted feature, Apple’s pending entry into the smart speaker market has suddenly become even more interesting. Schiller Fires Shots at Amazon Echo, Google Home In an interview with India’s Gadgets 360, Schiller […]
In a week that started with big oil and US shale producers trumpeting their ability to thrive in a world of $50 a barrel crude, the market had a very quick response: let’s see if you can do it at $45. A brutal sell-off across commodity markets this week has quickly taken the shine off strong first-quarter results that would otherwise have been viewed as a triumph […]
When you purchase a Samsung smartphone and login to your Samsung account on the device you are sent a 30 percent coupon code to purchase an accessory priced at $59.99 or less. I used mine to buy the Galaxy S8 Plus keyboard cover, priced at $59.99 ($42 with 30 percent coupon). After I purchased my Samsung Galaxy S8 Plus, see my full review, I was thinking I […]
Bahrain-based Investcorp has announced that its US real estate arm has invested in an industrial portfolio of properties in the Chicago and Boston metropolitan areas for a total purchase price of about $160 million. The portfolio includes six properties with an aggregate of approximately 1.8 million square feet of warehouse and distribution space, the investment firm said in a statement. Yasser Bajsair, managing director at Investcorp in […]
Rights issues conducted by European companies this year have already exceeded the volume seen in the whole of 2016 — driven by a handful of large capital increases from banks seeking to repair their balance sheets. For companies, a rights issue is a means to raise equity funding from existing shareholders by offering them the right to buy more shares at a discount to the market price. […]
Monday UN focus on migrants The UN will meet in Geneva to address the “human rights of all migrants, social inclusion, cohesion and all forms of discrimination, including racism, xenophobia and intolerance”. Organisers say they are working towards an ambitious global policy on migration, an issue high on the political agenda after the Mediterranean migrants’ crisis and US President Donald Trump’s clampdown on migration into the US […]
Aldar Properties on Saturday announced that all homes in the third tower of its The Bridges affordable project has sold out. Following the strong demand for the first two towers of The Bridges at Cityscape Abu Dhabi, Aldar said the apartments in tower 3 were sold in just four hours, taking the total value of sales across all three towers to AED600 million ($163 million). Unit prices […]
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. The image of power was simple: Jared Kushner and Ivanka Trump walking off Marine One Thursday, hand-in-hand, and boarding Air Force One for a short trek to New York City with Kushner’s father-in-law. Yes, Jared Kushner, trusted power broker, to […]
Invesco’s move to snap up Source, the London-based exchange traded fund provider, has thrust the US asset manager into the centre of an increasingly ferocious battle across Europe’s passive investment industry. European fund managers now face another formidable US competitor in addition to the existing heavyweights BlackRock and Vanguard, which are pursuing a cut-throat ETF price war as they expand their presence in Europe. Atlanta-based Invesco already […]
By Andreina Aponte and Andrew Cawthorne | CARACAS CARACAS Dressed in white and chanting “Liberty!”, tens of thousands of women opposed to Venezuela’s socialist President Nicolas Maduro marched on Saturday, proffering roses to security forces who blocked their way. The women’s marches, which took place in most major cities around the South American oil producer, were the latest in five weeks of sustained protests against Maduro whom […]
ABU DHABI // Bangladeshis are calling for an end to the visa ban on their citizens, as it leaves them with few job opportunities and makes them vulnerable to abuse from employers. There has been a ban on any new visas being issued to Bangladeshis since 2012 because of the high crime rate among their compatriots. Professionals claim they are being forced to pay for visa renewals […]
