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 […]
GE Healthcare’s latest advanced solutions designed to accelerate sustainable healthcare development, now on show at Arab Health 2017 As demand for better healthcare grows, GE firmly committed to partnering with governments and private providers to upgrade health infrastructure and build capacity across the region Tackling breast cancer, GE’s, new Senographe Pristina system, launched at Arab Health, reduces discomfort, pain and anxiety of a mammogram Jeddah; […]
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 […]
MEXICO CITY Seeking to quell a social media campaign imploring Mexicans to boycott U.S. companies, Starbucks defended itself on Friday, saying it had invested millions in the country, created more than 7,000 jobs, and that its local unit is Mexican-owned. The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained traction, following U.S. President Donald Trump’s order to build a border […]
Mary Tyler Moore wasn’t born in Minnesota. She never lived there. But the determined young journalist she played for seven years in the 70s did. So on Wednesday, when news of her death broke, The Minneapolis Star Tribune was ready with the story. In the hours between first hearing news that Moore, 80, was gravely ill and then that the award-winning actress had died, the Star Tribune […]
By Christine Murray | MEXICO CITY MEXICO CITY Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president’s economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called Trump a negotiator, “not Terminator” and said his repeated attacks […]
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 […]
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 […]
Finance Minister Edward Scicluna. Photo: Darrin Zammit Lupi Finance Minister Edward Scicluna snubbed an invitation to appear before a Panama Papers inquiry committee meeting held in Brussels yesterday. Speaking during the committee meeting, Greens MEP Sven Giegold lamented that the European Council had effectively made an agreement not to cooperate with the committee. Mr Giegold, a fierce critic of Malta’s tax regime, theorised that Prof. Scicluna’s decision […]
By Lauren Hirsch and Liana B. Baker Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited initial public offering (IPO), sources familiar with the situation said on Friday. The Venice, California-based company will publish the registration document it secretly filed with U.S regulators last autumn, containing a […]
The rebound in Brazil’s economy that many expected following last year’s change of government has failed to materialise. GDP will grow just 0.5 per cent this year according to a central bank survey. In per capita terms, that means another 12 months of contraction after headline negative growth of about 8 per cent over the past two years. Not that investors are deterred. The Bovespa equities index […]
Mexico has been in the crosshairs this week as US president Donald Trump held true to his campaign rhetoric and ordered the construction of a wall along the Mexican border, with White House press secretary suggesting a 20 per cent tax on imports could pay for it. With relations between the two countries on course for crisis, has Mr Trump done enough to scare investors away from […]
Baghdad, Iraq; January 26, 2017 GE has further strengthened its collaborations in Iraq to support the country’s power infrastructure, and to meet the growing need for electricity from people and industry. GE signed agreements that will add over 2 gigawatts (GW) of power, and secure the delivery of ~1.75 GW of existing power to the national grid, to strengthen the nation’s power infrastructure. GE will set up […]
Mi dispiace, ho sbagliato numero* Well, what did BT’s chief executive, smouldering Gavin Patterson, expect? Italy is ranked 60th out of 176 countries in Transparency International’s corruption index, worse than Romania or Hungary. The “improper” management behaviour there had been going on for years, and would probably be going on still but for the call from a whistleblower. The BT board must now decide how far up […]
Donald Trump’s first week as US president has re-energised Wall Street bulls while sharpening concern about the risk of higher inflation and trade protectionism. The sense of fatigue that hung over much of January has been replaced by renewed enthusiasm for equities, as investors sent the S&P 500 to fresh highs and the Dow Jones Industrial Average finally broke above the 20,000 threshold. As the billionaire took […]
Good morning. Is it the “opposition party?” Shortly after Steve Bannon, President Trump’s strategic and cultural Svengali, called the American press the “opposition party,” the opposition calmly sat on a Chicago stage and suggested the best path forward. Their response? Reasoned and tough-minded indifference. It’s a de facto prescription that might drive the new tweeter-in-chief and his sledgehammer-wielding sycophants daffy in their search for a Jacksonian revival. […]
By Vikram Subhedar | LONDON LONDON The dollar extended its recovery against a basket of other currencies on Friday, while banks dragged European shares slightly lower following underwhelming results from Swiss major UBS. The two-day recovery comes after the dollar suffered a 4 percent drop in the three weeks from Jan. 3 reflecting doubts about how U.S. President Donald Trump’s policies will play out for the currency, […]
UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]
Friday 08:25 GMT Overview The US dollar is in the ascendancy as the currency once again benefits from hopes for a stronger US economy — optimism that also has helped push Wall Street to record levels. European bourses are mixed after a holiday-thinned Asian session. Commodities are muddled, with oil firmer but gold on the back foot. Hot topic The US dollar is in focus as it […]
Sitting in his spacious office in Doha’s West Bay, free from the entourage of assistants usually attached to CEOs of large, government-backed organisations, Rashid Bin Ali Al Mansoori appears relaxed and unhurried. He even responds, “How much time would you like?” when asked to confirm the length of our meeting. Al Mansoori, who has served as CEO of Qatar Stock Exchange (QSE) since 2012, is frank about […]
January 26, 2017 by: Adam Samson and Mamta Badkar in New York The Dow Jones industrial and transportation averages on Thursday both closed at new highs in a bullish signal for one of Wall Street’s oldest investment theories. The two US equity benchmarks, which date back to the 19th century, have not recorded highs one after another since December, after which the duo began to diverge as the Trump […]
Some of hedge fund billionaire George Soros’ short positions dating back to 2012 were published on the Dutch financial market regulator’s website this week due to “human error” according to the regulator AFM, according to Bloomberg. Dutch bank ING is among the positions exposed and its stock price is tumbling… As Bloomberg notes, the short positions, bets on a stock declining, were “between 0.2 percent and 0.5 […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
