Just when it seemed the follow through from yesterday’s selloff would continue, algos may have found the only catalyst they need to press the bid: in his overnight note, Dennis Gartman writes “we actually ventured to the short side of the market, buying bearish derivatives and by 1:00 in the afternoon, doubling those positions and carrying them “home” through the close of trading.” Here is the key […]
By Goran Tomasevic | LOIYANGALANI, Kenya LOIYANGALANI, Kenya Villagers in northern Kenya have begun to burn piles of animal carcases, hoping to head off an outbreak of disease as their livestock starve to death in the region’s worst drought in five years. The smell of death hangs heavily over Lake Turkana and dried animal corpses dot the cracked mud where the lake has receded, leaving boats stranded […]
The most glamorous day in the horse-racing calendar, the Dubai World Cup, takes place on Saturday, March 25 at Meydan Racecourse. Whether you want to watch the races, soak up the atmosphere or simply enjoy the venue’s entertainment which includes a live performance by Sia, a few tickets remain available. Flick through our slideshow of the last-minute deals for the big day which range in price from […]
Akzo Nobel has rejected a second takeover bid in less than three weeks from US rival PPG, claiming that the revised offer of €22.4bn failed to recognise the value of the Dutch paints and chemicals group. The latest takeover attempt by the US company represented a €1.5bn improvement on the previous offer, but was not enough for Akzo Nobel’s board, who rejected it unanimously. The maker of […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]
In the 1990s, fitness options in Abu Dhabi were limited to a smattering of dingy bodybuilding gyms and pricey hotel health clubs. “Gyms used to mean a treadmill, a bike machine, some weights and that was it,” recalls Maria Oritz, a self-confessed fitness freak who arrived in the city in 1998. “Classes were practically unheard of.” The following year, when Abu Dhabi Country Club opened the city’s […]
While the government still seems to be consolidating control over major population centers along Syria’s western spine, it appears at a minimum likely to face a lingering rural insurgency and bombing campaigns in the cities by hard-line jihadist groups. Continue reading the main story At the least, the rebel assaults carried a political message: that the insurgents could still disrupt life in the capital and challenge the […]
A technical problem at NYSE Arca, the Big Board’s listing venue for exchange traded funds, stymied the end of the trading day on Monday, hindering the closing auction for 341 securities, NYSE said on Tuesday. In a letter to clients on Tuesday, NYSE attributed the problem to a new version of software. Trading on the exchange has recommenced normally. “I am contacting you personally to emphasise that […]
Nearly a decade on from the financial crisis that took hold in 2007 and put an end to an era, the global economic environment remains unusually challenging. Nonetheless, the efforts that have been undertaken by Bahrain over the past 15 years to reform and diversify its economy, alongside the wider activities by regional governments to address the near-term fiscal challenges, means that the kingdom remains cautiously optimistic […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent — and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones […]
Wednesday 02:35 GMT Overview Asian equities sank in the wake of the S&P 500’s biggest fall in more than five months as investors fretted that US President Donald Trump’s pro-growth policies could take longer than expected to come to fruition. Hot topic The S&P 500 closed down 1.2 per cent on Tuesday, dragged lower by financial stocks. It was the first time since October 11 that the […]
The net worth of U.S. President Donald Trump has slipped, dropping by $1 billion according to Forbes’ latest list of the richest people in 2017. Released on Monday, March 20, Forbes’ new world’s billionaires list estimates that Trump’s net worth has dropped from $4.5 billion in 2016 to $3.5 billion this year. This $1 billion decline also translates to a considerable drop down the list, as Trump […]
ABU DHABI // A new government programme is making local organic produce not only more readily available in supermarkets around the country but also more affordable in comparison with its more expensive, imported counterpart. The Ministry of Climate Change and Environment has made a concerted push in recent years to subsidise farming equipment, provide expertise and connect local farmers with supermarkets to help market their products. On […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
This photo provided by Apple shows the family of iPads, from left, the iPad mini 4, the new iPad, the 9.7-inch iPad Pro and the 12.9-inch one, along with the Apple Pencil. On Tuesday, March 21, 2017, Apple cut prices on two iPad models and introduced red iPhones, but the company held back on updating its higher-end iPad Pro tablets. (Apple via AP) Apple is cutting prices […]
Feeling energetic? Ready for a change? From Barry’s Bootcamp to Curvalicious, Afshan Ahmed rounds up the newest workout options in Dubai – a city that is already teeming with the best and newest ways to get and stay fit. newslide Warehouse Gym Jumeirah Beach Residence Price: From Dh400/month 04 368 4080 / www.whgym.com After opening up a gritty warehouse space for CrossFit, circuit training and boxing a […]
Tuesday 18:30 GMT What you need to know ● Sell off in financials drives S&P 500 down 1 per cent● Euro climbs to $1.08 and dollar index slips below 100● 10-year Treasury yield at lowest since start of month● Oil prices come under renewed pressure● Gold heads for fifth daily rise in a row——————- Overview A sharp and sudden sell-off for US financial stocks helped put the […]
By Elisabeth O’Leary | EDINBURGH EDINBURGH While the economic case for Scottish independence once centred on oil, people like company director Niall McLean now argue that trade is the way to ensure their country’s future prosperity – and avoid the damage of the United Kingdom leaving the EU. Turning Scotland, which sells two thirds of its exports to the rest of Britain, into a heavyweight international trader […]
All the three major U.S. indexes opened higher on Tuesday, with the Nasdaq Composite hitting yet another record high, lifted by Apple. Apple (AAPL.O) rose 0.66 percent to an all-time high of $142.40 after the company unveiled a new version of its iPad tablet. The stock was the biggest boost to all the three major indexes. The gains were broad, with all the 11 major S&P sectors […]
At the start of March we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing US shale production costs has been: in just the past 3 years, the wellhead breakeven price for key shale plays has collapsed from an average of $80 to the mid-$30s… … resulting in drastically lower all-in breakevens for most US shale regions. Today, in […]
TOKYO Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares .KS11 .TWII hitting two-year highs while Hong Kong’s Hang […]
For Honor, a war game that pits Knights, Vikings, and Samurai against each other in chaotic free-for-all matches, received praise from critics for its combat system, balanced character classes and realistic physics. However, one of the aspects of For Honor that has drawn criticism is the free-to-play model of the game. For Honor features microtransactions that require either real money or steel points that players acquire to unlock everything […]
Fashion Forward kicks off at Dubai’s Design District on Thursday with a packed three days of runway shows, sector talks and designer presentations. The latest edition will see 17 new brands debuting their collections before eagle-eyed buyers, members of the press and public. The significant leap in participant numbers appears to reflect renewed optimism when it comes to the wider fashion industry. According to a Dubai Chamber […]
21 March 2017 Dubai, United Arab Emirates – HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) second phase of the Mohammed bin Rashid Al Maktoum Solar Park. The project reflects a new era in the excellence and leadership of the UAE, as it increases the share of clean and renewable energy. […]
