Monday 04:30 GMT Overview Stock markets across Asia were mostly higher though currencies struggled to make much headway in a subdued session. Hot topic The US market is closed on Monday for the President’s Day public holiday. On Friday the S&P 500 climbed 0.2 per cent to a record high, capping a week in which the FTSE All World index topped its previous record peak from May […]
Stock markets in the Middle East were mixed in modest trading volumes on Sunday with Saudi Arabia and Qatar outperforming because of support from the banking sector, while Egypt fell as the currency hit a three-month high. Two-thirds of the 12 listed banks on Saudi Arabia’s bourse gained, lifting the index 0.1 percent. Alawwal Bank added 2.7 percent, with most activity occurring in the last hour of […]
Like others interviewed, Abu Marwan, citing concerns about safety, agreed to speak on the condition that his full name not be published. He and others are identified by honorifics or nicknames. Residents said anyone caught using a cellphone risked being beaten or killed by militants. Continue reading the main story Abu Salah, who lives in the Bab al-Tob neighborhood in western Mosul, said the Islamic State, also […]
Yesterday´s Future is Today´s Reality. In the area of Business applications, cloud seems to be all over the place. But it has many facets which all have its right to exist, though it´s a fatal misunderstanding to see cloud simply as an alternative technical deployment option. From the new millennium SaaS models that have been adopted, initially with huge appetite in dedicated Line of Business areas. We […]
While the year continues to be dominated by headlines touting the universal appeal of Alexa, there’s another gives a glimpse of what the big next step in human-computer interaction will be: eye tracking. The concept of measuring and responding to human eye motion isn’t new, but the past year saw a rising interest in the technology. There have been a slew of acquisitions of eye tracking startups by large […]
Here are the questions the FT Markets team will be pondering this week: What do retail flows mean? Money flows are widely watched but, like anything in markets, there is signal and then there is noise. Investors poured money into global stock funds last week, one when US stock markets set fresh records, and US long-only equity funds received the first net inflow of cash ($0.5bn) in […]
By Saqib Iqbal Ahmed | NEW YORK NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc (WMT.N) next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for […]
By Jonathan Landay | MUNICH MUNICH Russia has shown no change in behaviour or policies to embrace U.S. President Donald Trump’s offer of better relations or cooperation in fighting Islamist militants, U.S. officials and lawmakers say. Trump’s latest overture was delivered by Vice President Mike Pence on Saturday to a security conference in Germany held amid European worries over U.S. commitment to the continent’s security and […]
China has banned coal imports from North Korea until the end of 2017, the Ministry of Commerce said on Saturday, after a week in which Pyongyang tested an intermediate-range ballistic missile and carried out an assassination in Malaysia. Kim Jong Nam the brother of North Korean ruler Kim Jong Un, was killed by two female assailants in the Kuala Lumpur airport on Monday. He had been living […]
Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
In an isolated area of Ecuador’s Amazon, the face of Lenín Moreno, the anointed successor of fiery leftist President Rafael Correa in Sunday’s presidential election, is plastered on billboards proclaiming “the future is unstoppable”. That future worries Mercedes Cabrera, a peasant leader in the village of Santiago de Panantza. She says she was snatched from her bed by state security forces and branded a terrorist after a policeman […]
Sign up to receive Authers’ Note daily by email here Donald Trump has been remarkably consistent in his first month in office. As he reminded everyone at his press conference on Thursday, he has done what he said he would do. But on the same day came one clear-cut instance where he has changed his mind — on the stock market. This is what he tweeted on Thursday. […]
Annual rent for a one-bedroom apartment in Barsha Heights: Dh165,000 Features This 1, 839-square-metre penthouse is located in the Two Towers complex in Barsha Heights (or Tecom, if you prefer). Pros We love the fact that the apartment is set over two levels, with light-filled living areas on the lower floor and the bedroom on the upper. The wooden floors, double-height living areas, great views, and contemporary […]
February 17, 2017 by: Eric Platt, US Capital Markets Correspondent A few seats away from starlets Adriana Lima, Amber Valletta and Diane Kruger in the salon at New York’s St. Regis hotel, buyers from the department store chain Bergdorf Goodman were trend-spotting. They were there to see Jason Wu’s latest autumn collection, a line-up full of amber gold velvet draped dresses, smart glen plaid workwear and sheer […]
Ambitious dealmaking can spell pain for corporate bond investors. Unilever’s bondholders were offered a reminder of that on Friday as prices for the Anglo-Dutch consumer group’s debt fell after the company rejected a $143bn takeover approach from US rival Kraft Heinz. Bonds that were sold only last week by Unilever dropped, with half the €1.2bn issue sliding 2 per cent to 98.37 cents on the euro, leaving […]
“Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before tax plan rollout!” Donald Trump tweeted this week. It is a statement that goes beyond the president’s usual rhetoric. Indeed, Wall Street had a record-setting week that included the four key US stock benchmarks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the […]
The four major US stock benchmarks snapped their longest record setting streak since 1995 on Thursday. The S&P 500 closed 0.1 per cent lower at 2,347.22, while the Dow Jones Industrial Average ended the day little changed at 20,620.04. Meanwhile, the Nasdaq Composite slid 0.1 per cent to 5,814.90, while the Russell 2000, the benchmark index for US small cap stocks, fell 0.5 per cent to 1,397.18. […]
Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]
The welcome I have booked a hotel transfer for the two-hour drive from Muscat International Airport up into the Hajar Mountains, and it’s a great relief to settle back into a comfortable new Lexus four-wheel drive, equipped with entertainment screens, snacks and drinks, and relax until we get there. By the time we arrive at the hotel, it’s dark, but the entrance and interior courtyards are pleasantly […]
Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]
For a coking coal industry that enjoyed bumper profits last year off the back of a price rally that made it 2016’s best performing big commodity, Teck Resources’s chief executive summed up the industry’s uneasy reliance on policymakers in Beijing. “I think on Chinese policy, we could go around the table and everyone would have a different opinion on that one,” Don Lindsay told analysts after reporting […]
The likes of France and the Netherlands have long been staple destinations for cycling enthusiasts, but the growth of riding a bike for sport has seen cycling-holidays spring up all over the world. And there are some new destinations that are going to special lengths to burst onto the scene Yorkshire, England Yorkshire has thrown itself into road cycling with almost unnerving gusto. Since hosting the opening […]
By Lisa Baertlein and Paul Ingram | NOGALES, Arizona NOGALES, Arizona For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. This is a city built on cross-border trade. Each year, some 330,000 trucks and 75,000 train cars carrying $17 […]
