By Henning Gloystein | SINGAPORE SINGAPORE Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.25 per barrel at 0112 GMT, virtually unchanged from their last close. […]
January 31, 2017 by: Hudson Lockett in Hong Kong Tuesday 01:50 GMT Overview A shaky Monday for US stocks rolled into Asian trading on Tuesday as confusion persisted over President Donald Trump’s executive order to clampdown in immigration and ahead of the Bank of Japan’s interest rates decision. Hot topic Stock markets remained closed in Hong Kong and China for the lunar new year holiday, but those […]
Part of the Pokémon GO’s novelty as a mobile game is the requirement for players to go out of the confines of their homes to hunt for monsters. While this gameplay has been lauded for getting people outdoors, it has also exposed players to all sorts of risks such as falling into manholes, getting run over by vehicles and even walking into danger or restricted properties. This […]
Your daily guide to community and cultural activities across the Emirates for January 31, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Fitness offer Bodytree Studio will celebrate Valentine’s Day throughout February with Bring a Buddy to Bodytree, which offers two-for-one prices for drop-in classes, including all morning yoga classes, from Sundays to Thursdays […]
Microsoft was finalising plans to borrow at least $14bn Monday, in what will be the largest corporate bond sale of the year so far, as the US technology company joins a rush to tap debt markets ahead of expected interest rate rises later this year. The deal will rank as one of the largest ever corporate debt sales not to finance a takeover, and follows a bumper […]
By Jon Herskovitz | COLLEGE STATION, Texas COLLEGE STATION, Texas The leaders of the only private university in North Korea asked Texas A&M University, known for its agricultural economics and public health programs, for help on Monday in teaching subjects such as how to grow food in a land of chronic shortages. The Pyongyang University of Science and Technology (PUST) was founded by evangelical Christians and opened […]
By Gertrude Chavez-Dreyfuss and Anna Irrera | NEW YORK NEW YORK Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president’s active Twitter presence has lifted volatility in financial markets, which is good for day traders […]
DUBAI // The future of thousands of young people from Muslim countries at universities and colleges in the United States has been thrown into doubt by Donald Trump’s travel ban. More than 16,000 students from the seven banned countries are affected by the president’s executive order: 11,338 from Iran, 1,727 from Iraq, 1,578 from Libya, 792 from Syria, 516 from Yemen, 233 from Sudan and 32 from […]
The growth of electronic trading in fixed income has always been driven by efficiency, but we’ll begin to see data science and analytics fuel new levels of smart trading this year. Marketplaces such as Tradeweb have spent the last 15 to 20 years building out infrastructure to digitise these businesses and organise their trading activity through more streamlined workflows and trading protocols. Yet, even now, a significant […]
An insatiable appetite for mobile apps among the UAE’s tech savvy millennials is fuelling the growth of UAE technology start-ups, says Fahad Al Bannai, CEO of axiom telecom. “What we are witnessing now is a lifestyle evolution, one in which errands are transforming into services, all with the help of mobile apps,” says Al Bannai. “And in the UAE, where app developers are widely available, and entrepreneurship […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained domestic demand that could spur faster economic growth in early 2017. There are also signs of inflation steadily firming. The strengthening economy, rising price pressures and a tightening labor market could allow the Federal Reserve to lift interest […]
If you love fine dining, then no doubt you have had caviar more than once. The coveted, tiny, black sturgeon fish eggs are synonymous with sophistication and luxury. So it is surprising to learn that – unbeknown to diners – the caviar served at upscale brunches and five-star restaurants often does not taste how it should. “Throughout the UAE, from some of our most renowned customers we […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]
Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]
This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana. Even before George Jetson entranced kids with his flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, some of them with deep pockets like Airbus, are working […]
There’s something enchanting about doll’s houses. These miniature pieces of real estate look grand and make for great gifts, with the added advantage of allowing your child’s imagination to run wild. Here are three exquisite doll’s houses from the United Kingdom-based Dragons of Walton Street. A select range of life-size nursery and children’s bedroom furniture from Dragons is available at Nest For Kids in Abu Dhabi Mall, […]
Surgeons of University Hospitals Leuven have been the first to operate on a patient with retinal vein occlusion using a surgical robot. Operated by an eye surgeon, the robot uses a needle of barely 0.03 millimetre to inject a thrombolytic drug into the retinal vein of the patient. KU Leuven (University of Leuven, Belgium) developed the robot and needle specifically for this procedure. The operation was successful […]
TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged […]
The Nintendo Switch is all set for its March 3 global launch, when it will be hitting markets with a $299 price tag. While that date is just over a month away, many questions still remain regarding the upcoming hybrid console. Thankfully, the U.K. version of the official Nintendo website published the official technical specifications of the Nintendo Switch, providing gamers with more information regarding the highly anticipated […]
“It seems to me like a lot of people think we’re in a new inflationary boom,“ but, warns Gluskin-Sheffs David Rosenberg, “the answer is no… that’s just not gonna happen. It’s not like Ronald Reagan at all in that regard.” Full podcast: Submitted by Patrick Ceresna via Macrovoices.com, This time around, not only are valuations at 15-year highs but we’re entering it into the eighth year of […]
Abu Dhabi 29 January 2017 His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, may Allah protect him, issued, as Ruler of Abu Dhabi, a law concerning the Abu Dhabi Government’s financial system. The law seeks to set a comprehensive regulatory framework for public financial resources to guarantee that government work is conducted within an institutional framework with a high level of transparency and […]
Mr. Musa, 60, now shares a blue-and-white tent with nine family members whose only crime was to have a relative who had joined the Islamic State, also known as ISIS, ISIL or Daesh. Continue reading the main story Several women evicted from their homes and trucked to the Shahama camp said Iraqi security forces demolished their houses with explosives after accusing their sons or husbands of joining […]
By Sinead Carew | NEW YORK NEW YORK In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation about the U.S. president’s policy plans. But the current world is less than ordinary. In the second week after Donald Trump’s inauguration, issues such as his controversial immigration policies will likely […]
