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 […]
Despite the Trump administration’s chaotic start, there is one man who has every reason to thank the new US president — Haruhiko Kuroda, governor of the Bank of Japan. At a policy meeting this week, Mr Kuroda’s BoJ is set to edge upwards its growth forecasts for Japan, reflecting a Japanese economic outlook transformed by Mr Trump’s election and subsequent weakness in the yen. The US election […]
Podcasting is continuing to grow even as it faces challenges such as lack of diversity and the possibility of an advertising slump. That’s the conclusion of a new report on the state of podcasting from the Knight Foundation, which has invested heavily in the burgeoning medium in recent years. The report, which is based on more than 60 interviews with experts, points to a growing industry that […]
Chinese real estate investment abroad rose by more than half last year to a new high, highlighting the potentially disruptive impact of tighter capital controls imposed late in the year to discourage outbound money flows. Overseas investment from China in residential, commercial and industrial property totalled $33bn in 2016, up 53 per cent from a year earlier, according to global real estate group JLL, as Chinese buyers snapped […]
There’s a strong tendency in storage to go for the one-size-fits-all approach. Nobody wants to manage two systems when one will do. But you need to understand exactly what your use case requires – and ensure the critical success factors are well implemented. That’s the case with RAID arrays and archiving. Until about 5 years ago, you had two choices for enterprise archives: tape silos or RAID […]
An activist fund with a history of pressuring Japanese management has emerged as the largest minority shareholder of PanaHome — the housebuilder at the heart of a spiralling proxy battle and pivotal test of Japan’s corporate governance code. As of Friday, Oasis Capital, which is led by Seth Fischer, held some 4.83 per cent of PanaHome, putting the fund ahead of Japan’s Government Pension Investment Fund (which […]
By Devika Krishna Kumar and Catherine Ngai | NEW YORK NEW YORK Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists. Investor confidence in the industry was shaken last year when the administration of former President Barack Obama […]
It’s not easy being a tablet maker if Android is your operating system of choice and the premium end of the market are your target, because Apple controls so much of that tablet business. But there is a market, and ASUS, which has produced some very good tablets in the past, is prepared to stick with it. That’s good news, as the ZenPad 3S 10 has a […]
The options for going elsewhere might soon shrink. At least 16 other countries have committed to creating similar public registries, according to Global Witness. In Ottawa, Finance Minister Bill Morneau says the issue is on the radar. “We’re absolutely in favour of knowing who is registering companies, what their goals are and what taxes they should be paying in our country and that they’re not in any […]
Propertyfinder Group, the UAE-based real estate search portal, expects unit handovers in Dubai this year to be significantly lower than developers’ official projections. The company said that while this may not be welcome news for off-plan investors hoping to soon pick up their keys, a more protracted handover schedule is better for market stability. “As most local developers rely on purchaser funds to complete the project, the […]
By Ben Hirschler | LONDON LONDON European prices for some off-patent cancer drugs have risen by more than 100 percent in the past five years, with two cases of hikes exceeding 1,000 percent, according to data presented at a medical conference on Saturday. Similar price rises for old drugs have sparked outrage in the United States, where former hedge fund manager Martin Shkreli was pilloried in 2015 […]
Google is rumored to launch its Android Wear 2.0 beta build on Feb. 9, and now an image of LG Watch Style has leaked on Twitter, which will come running on the latest OS. It is speculated that LG intends to launch two smartwatches – the LG Watch Style and the LG Watch Sport in the near term. The latest leak comes courtesy of well-known leakster Evan Blass who […]
“There’s no way I would be at 23 without her; there’s no way I would be at 1 without her,” Serena Williams said of Venus Williams in the on-court ceremony after their match. Photo Venus, left, and Serena Williams embraced after the Australian Open final. Credit William West/Agence France-Presse — Getty Images “There’s no way I would have anything without her. She’s my inspiration,” Serena Williams continued. […]
A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
From the Slope of Hope: Being an equity bear has been brutal for, oh, nearly eight years now. With the S&P up about 250% since bottoming in March 2009, equities have been, on the whole, raging higher, with some sectors in particular benefiting tremendously from the Trumpgasm. One area, though, seems to be recognizing a bitterly cold chill of reality, and that is retail. Not everything retail […]
To make money in the Trump era, it pays to practise what you might call “reality-based investing”. Regardless of how the new president chooses to present events, Donald Trump’s administration still has to operate within legal, political and geopolitical constraints. Successful investors will be those who focus on the legislative and regulatory minutiae and on the realities of creating legislation on Capitol Hill. Trading in the bonds […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
Investors sought US technology shares this week, underlining the degree to which money managers are broadening their search for sectors that should benefit from a pick-up in spending by corporate America. There were inflows of almost $900m in the week to January 25 into funds invested in technology stocks, according to flows tracked by EPFR. “We think that there is going to be a more meaningful capital […]
A brief analysis of history suggests that the people, systems and organisations most responsive to change tend to be the most successful, which is directly relevant to the various structural reforms currently being introduced across the region. As governments respond to lower oil prices, the past year has seen a slew of regulatory reforms that will help diversify national economies. The Arab world’s largest economy, Saudi Arabia, […]
