DUBAI: Donald Trump Jr. is set to give the keynote address at an American University of Dubai graduation ceremony next week.The eldest child of the 45th president of the United States, Donald Trump, and his first wife, Ivana, Trump Jr. will address students and their friends and families at the event, which is slated for May 14.The event will be held at the city’s World Trade Center.Billed […]
May 12, 2017 by: Mark Robinson and Emma Powell, Investors Chronicle Shares in Anglo American have risen 84 per cent base-to-apex within the past 12 months, a reflection of improved commodity pricing combined with cumulative rationalisation measures. Earlier this year, it was announced that the miner’s chairman, Sir John Parker, had decided to call it a day after an eight-year tenure in which he oversaw the sale […]
By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]
By William Schomberg and David Lawder | BARI, Italy BARI, Italy Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. President Donald Trump’s plans on important policies. Inequality, international tax rules, cyber security and blocking the funding of terrorism are the focus of the […]
By Nick Carey | ORWELL, Ohio ORWELL, Ohio Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession. Recently, though, a computer search for available used vehicles within […]
By Ayesha Rascoe | WASHINGTON WASHINGTON The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. The deals are the first tangible results of trade talks that began last month after U.S. President Donald Trump and Chinese […]
By Dan Levine | SAN FRANCISCO SAN FRANCISCO A U.S. judge on Thursday rejected Uber’s [UBER.UL] bid to send its high-profile trade secret dispute with Alphabet’s (GOOGL.O) self-driving Waymo unit to a private legal forum, a setback for the ride services company. U.S. District Judge William Alsup in San Francisco also partially granted Waymo’s bid for an injunction against Uber over its self driving car program. However, […]
While China growth has been slowing, and monetary conditions tightening, few (if any) have predicted any prolonged deflation (let alone a recession), yet overnight – for the first time ever – the $1.7 trillion Chinese bond market inverted, flashing a warning signal to the world that something is wrong. Early on Thursday, the five-year yield rose to 3.71%, breaking above the 10-year yield for the first time […]
A former Foley & Lardner LLP partner used information gleaned from internal client documents to make illegal stock trades, according to charges filed Thursday by the Southern District of New York and the Securities and Exchange Commission. Prosecutors allege Florida real estate lawyer Walter “Chet” Little, who left Foley for Bradley Arant Boult Cummings LLP […] (via WSJ)
ROME An Italian court has said divorce settlements should no longer guarantee spouses their previous standard of living but rather simply make sure they were financially independent. The top appeals court ruling could bring an end to the huge settlements seen in some break-ups, such as the 1.4 million euros ($1.5 million) a month that former prime minister Silvio Berlusconi has to pay his ex-wife, Veronica Lario. […]
Pets at Home hit a record low on Thursday amid fears of a profit warning with its full-year results this month. Morgan Stanley slashed earnings forecasts for Pets at Home’s 2018 financial year to reflect margin pressure, continued weak sales and rising costs. So-called “category killer” specialist retailers need high gross margins to be economically viable because they suffer from low sales densities and slow stock turn, […]
By John McCrank | NEW YORK NEW YORK Goldman Sachs Group Inc (GS.N) will launch a new private stock-trading venue, known as a “dark pool,” on Friday, that is run by exchange operator Nasdaq Inc (NDAQ.O), according to a note to clients obtained by Reuters. Goldman has been refreshing its trading technology to become more competitive in its electronic stock execution business, and hired Nasdaq last year […]
11 May 2017 With an extensive Gulf and International participation, the Saudi Elenex and Saudi Aircon Exhibitions will kick off during the period between 14 to May 16, 2017 at the Riyadh International Convention and Exhibition Centre, Riyadh Exhibitions Co. Ltd, the organizing company, announced that it is looking on the twentieth edition to attract more than 5000 experts, which is held under the diamond sponsorship of […]
Adjustments to closely tracked corporate bond indices have “clear” trading and pricing impacts, a new study from credit rating agency Fitch showed on Thursday. The US rating agency found that changes to the Bloomberg Barclays US Aggregate Index earlier this year resulted in “dramatic increases” in trading volumes for bonds set to be dropped from the index and that prices for those bonds underperformed larger credits. Bloomberg […]
ABU DHABI // New animal welfare laws and regulations to ban dangerous breeds require firm enforcement methods if they are to be a success, say animal welfare volunteers. Federal Law 22 of 2016 will improve regulation of the possession, trade and breeding of dangerous animals, and tougher animal welfare laws, including higher punishments for animal abuse and the illegal breeding and sale of animals, are a step […]
By Diana Asonova | YAKUTSK, Russia YAKUTSK, Russia For millennia, extinct mammoths lay undisturbed in the permafrost in Russia’s Yakutia region. They have now turned into a source of wealth, and the local government is keen to start tapping it. Mammoth ivory is highly sought after for use in trinkets and jewelry, especially in Asia. The material is promoted by people in the trade as an ethical […]
BT’s own goals cost the boss dearly. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Two months ago, all Paris St Germain had to do to reach the quarter finals of the European Champions League was not concede three goals in the final 2 minutes of their match against Barcelona. Barcelona’s ensuing […]
Authored by Whitney Webb via TheAntiMedia.org, When the U.S. overthrew the Taliban in the wake of 9/11 as part of its newly launched “war on terror,” it set the stage for the explosive growth of Afghanistan’s dying opium industry. A few short months before the invasion took place, the Taliban made headlines for having “dramatically ended the country’s massive opium trade” after the leader of the fundamentalist […]
By Douglas Busvine | DHARAMSALA, India DHARAMSALA, India Top U.S. lawmakers delivered a blunt message to China on Wednesday that they would not relent in their campaign to protect human rights in Tibet, calling for legislative and trade steps to press home their point. Nancy Pelosi, leading a bipartisan Congressional delegation to meet the Dalai Lama, vowed to stand by the exiled Tibetan spiritual leader even as […]
Stock markets in the Asia Pacific region were mixed on Thursday as energy stocks enjoyed a boost from improved crude prices. In Sydney the S&P/ASX 200 was up 0.7 per cent as energy stocks climbed 1.1 per cent. Shares in major banks were recovering from a drop brought on by a new levy announced on Tuesday night, with National Australia Bank up 1.1 per cent. Tokyo’s Topix […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]
Sultan bin Sulayem: The vision of Mohammed bin Rashid has turned innovative ideas into distinctive and brilliant achievements Go Global! This year Ideas Arabia gives winners of 2 categories – Executive Leadership & Idea of the Year, a unique opportunity to compete globally in ‘The Global Award’ taking place in 2018. Leaders and experts came together to meet for the two-day conference to support the […]
With passive investing passing the $4tn mark in April, things aren’t exactly looking up for active asset managers. New product launches and investor inflows mean there are now almost 7,000 exchange-traded products managed by 313 providers and total assets of $4.002tn at the end of April, according to fresh figures from ETFGI, an industry data provider. The relentless flood of money into passive investment vehicles is a […]
Oil prices extended their gains after a report showed US crude stockpiles fell by the biggest margin since December and were down for the fifth straight week. Inventories of US crude fell by 5.25m barrels in the week ended May 5, according to the Energy Information Administration. That topped forecasts for a draw of 1.9m barrels. This was the largest streak of back-to-back declines in US oil […]
