Should we try to time the market? And has the boom in passive investments brought any problems in its wake? The problems are linked and urgent. The move from traditional actively managed funds to passive indexed funds, which aim merely to track and index and reduce costs, continues to intensify. Meanwhile, if ever there was a point when it might seem right to time the market, and […]
We may be about to witness the extinction of a very rare bird indeed: the $1m Monaco home. Savills agent Irene Luke hasn’t seen one on her books for several years. “We’re selling a parking space for €190,000,” she says, “so you’re not going to get very much for a million dollars.” Luke taps at a computer, trawling through all sorts of listings the public doesn’t have […]
Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
US and European authorities eased enforcement of new derivatives rules on Thursday less than a week before the standards come into effect, allowing small financial institutions more time to prepare for the wide-ranging reforms. In a series of statements hours apart, supervisory watchdogs bowed to growing concerns of a potential dislocation in the swaps market and hundreds of unprepared pension funds, asset managers and credit institutions likely […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
Selling pressure on French bonds ebbed on Thursday, pushing the yield on the 10-year bond back below 1 per cent, as the prospect of a centrist alliance in the country’s presidential election eased anxiety that far-right candidate Marine Le Pen will win. The decision on Wednesday by independent candidate François Bayrou not to stand in the country’s elections, and instead throw his support behind fellow centrist Emmanuel […]
By Steve Holland | WASHINGTON WASHINGTON President Donald Trump said on Thursday he wants to build up the U.S. nuclear arsenal to ensure it is at the “top of the pack,” saying the United States has fallen behind in its atomic weapons capacity. In a Reuters interview, Trump also said China could solve the national security challenge posed by North Korea “very easily if they want to,” […]
By Lucia Mutikani | WASHINGTON WASHINGTON The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/2-year low in a sign of a strengthening labor market. Other data on Thursday showed house prices increasing solidly in December amid strong demand for housing even as mortgage rates rose. The reports highlighted strength […]
A HoloLens display visualization Microsoft “You take the high road and I’ll take the low road and I’ll be in Scotland before you,” assert modernized lyrics of The Bonny Banks of Loch Lomond. The 176 year-old song is a metaphor for the state of virtual reality. Scotland represents a promised land of market leadership, Oculus and HTC, with their pricey high-end products, are taking the high road, […]
By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]
For footloose international money, the safest place to hide in the European financial system may be two-year German debt. The government of Europe’s largest economy not meeting such obligations in euros is as close to inconceivable as things get. The debt is also easy and cheap to trade, which means it can be a market signal of investor angst. The price of such safety set a record […]
By Mehreen Zahra-Malik | LAHORE, Pakistan LAHORE, Pakistan Pakistani real estate giant Rafi Group made a ten-fold profit last year from its sale of hundreds of acres of land in the remote fishing town of Gwadar, acquired soon after the government announced plans for a deep-sea port there. The windfall came after 12 years of waiting patiently for the Gwadar port to emerge as the centrepiece of […]
Image: Bednarczyk/Epa/REX/Shutterstock By Sohini Mitter2017-02-23 08:56:35 UTC We told you that Justin Bieber is performing in India for the first time. Understandably, there’s a lot of excitement, especially in millennials who can’t have enough of the 23-year-old pop sensation. But now there’s a problem as we discovered once the tickets went on sale. Firstly, there’s a queue. Even if you wait, you are never sure that […]
America’s Midwest farmers can’t seem to catch a break. First, an epic collapse of grain prices over the last couple of years have threatened to wipe out family farmers (see “Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017“) and now, thanks to the pending NAFTA showdown threatened by President Trump, Mexico, the single largest importer of U.S.-grown corn, has announced plans to […]
Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes. An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a […]
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. A few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
AMD is giving what the people want, and it’s none other than Ryzen. That said, the company has finally disclosed the details everybody has been waiting for, from the release date and performance to the pricing and preorder info. Not 1 But 3 Ryzen 7 CPUs Unveiled To start things off, AMD is launching three Ryzen 7 CPUs, with each one sporting eight cores and 16 threads […]
The documents’ detailed account of Mr. Awlaki, who stars in Mr. Abdulmutallab’s story as both a religious hero and a practical adviser on carrying out mayhem, is particularly important. The government allegation that Mr. Awlaki was behind the underwear bomb plot — never tested in a court of law — became the central justification that President Barack Obama cited for ordering the cleric’s killing in a drone […]
Thursday 05:25 GMT Overview Asian stocks fell, following their US counterparts lower as investors digested the minutes of the Federal Reserve’s January policy meeting. Hot topic The Fed’s minutes showed that “many” policymakers thought it would be appropriate to raise short-term US interest rates again “fairly soon”, even given potential uncertainty around the new Trump administration’s economic policies and possible tax cuts. The market view on rates […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
The first exhibition to be hosted at Dubai’s Etihad Museum will feature the country’s postal history from 1909 until its unification. Organisers pledge that it will be a virtual tour back in time, as each stamp marks a key event. Visitors under the age of 15 have a lot of questions about the first item at an exhibition dedicated to the history of Emirates Post. Although it […]
Tesla is likely to turn to Wall Street for another big cash infusion as it gears up to launch its first mass-market electric vehicle later this year, chief executive Elon Musk indicated on Wednesday. His comments came as the US electric carmaker disclosed that chief financial officer Jason Wheeler would leave the company after little more than a year. Mr Musk said only that Mr Wheeler was […]
Photo Nigerians displaced by Boko Haram insurgents last February at Dikwa camp in northeastern Nigeria. The United Nations raised the alarm on Wednesday about the risk of famine in northern Nigeria. Credit Agence France-Presse — Getty Images UNITED NATIONS — In a world filled with excess food, 20 million people are on the brink of famine, including 1.4 million children at imminent risk of death. In the […]
The original Sass was founded in 1993, by father and son team Sassa & Samy Sass. The original location in Monaco combined upscale atmosphere with the cosy décor of a family-friendly café. Catering to a jet-setter crowd, it seems only right that it’s international expansion start in Dubai’s glitzy financial centre. Despite the name, Sass is by no means a café. Instead, it is more akin to […]
