DUBAI, May 9 Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]
By Timothy Gardner | WASHINGTON WASHINGTON Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korea’s liberal leader Moon Jae-in will take the oath of office as president on Wednesday, tasked with navigating the country out of rising geopolitical tensions over North Korea’s nuclear programme and the risk of a rift with the United States. Moon, 64, is expected to announce major cabinet and presidential staff appointments as early as Wednesday […]
The question might not just be how, but why? Why would you even attempt to adapt a graphic novel about robots in love into a puppet-show/real-time movie, soundtracked by a live string quartet and turntables? In Kid Koala’s case, the answer could perhaps be summed up as happenstance, circumstance and a smidgen of blind ambition. The genesis of Nufonia Must Fall – the multidisciplinary performance, which will […]
A group of US senators has urged a government investigation into billionaire Carl Icahn’s involvement in an obscure market for US biofuel credits, arguing he profited by influencing prices through his role as informal counsel to President Donald Trump. Mr Icahn controls CVR Energy, an oil refiner which trades credits used to meet a federal mandate for mixing ethanol and biodiesel with petroleum products. In December, the […]
The world’s biggest oil producers Russia and Saudi Arabia on Monday eyed up extending an output reduction deal ahead of an OPEC meeting later this month. “Russia is in solidarity with the efforts of our partners to rebalance the market and considers that the joint initiative to stabilise the world oil market is currently effective,” energy minister Alexander Novak said, Russian news agencies reported. “We are discussing […]
US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]
09 May 2017 136,200 sqm City Centre Al Zahia will serve the shopping and leisure needs of more than 1.9 million people by 2020 Strategically located and easibly accessible from all directions, City Centre Al Zahia is also adjacent to Al Zahia, Sharjah’s award-winning, master planned community developed by Sharjah Holding PJSC, a strategic partnership between the Government of Sharjah and Majid Al Futtaim Properties Strategically located at […]
The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]
Bitcoin is now up for 16 of the last 18 days, soaring over 50% in the last month and up almost 90% in 2017 – making its the year’s best performing currency. There appears to be no specitic catalyst for today’s move as the surge in Japanese interest (as we detailed here) and news that Russia is considering, like Japan just did, to allow cryptocurrencies as a […]
On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network. Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the […]
By Douglas Busvine | DHARAMSALA, India DHARAMSALA, India A U.S. Congressional delegation visited the Dalai Lama at his headquarters in India on Tuesday, seeking to draw world attention to human rights in Tibet as President Donald Trump eyes warmer ties with China. House Democratic Leader Nancy Pelosi flew with a bipartisan delegation to the Himalayan hill town where the 81-year-old Buddhist leader is based, on a trip […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
Start-up trading platform trueEX has filed a complaint against industry giant Markit, claiming the company, which provides post-trade services to derivatives users, engaged in anticompetitive conduct by terminating its relationship with the trading venue. TrueEX is one of the few new trading platforms to have gained traction with investors trading interest-rate swaps, challenging established players Bloomberg and Tradeweb. Markit is the dominant provider of post-trade services, operating […]
By Arshad Mohammed | NEW YORK NEW YORK Former U.S. Secretary of State Condoleezza Rice said on Monday she would prefer that President Donald Trump not criticise judges and the media but that U.S. democratic institutions can withstand such comments. Speaking in an interview, Rice also described Trump as having a somewhat “transactional” view of foreign relations but she broadly endorsed his approach of seeking to enlist […]
Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]
Researchers at Carnegie Mellon University’s Human-Computer Interaction Institute have developed a low-cost method of turning a wide variety of surfaces into touchpads, such as this steering wheel Credit: Future Interfaces Group Touch sensing is most common on small, flat surfaces such as smartphone or tablet screens. Researchers at Carnegie Mellon University, however, can turn surfaces of a wide variety of shapes and sizes into touchpads using tools […]
By Thierry Chiarello and Sarah White | PARIS PARIS Emmanuel Macron may have won Sunday’s presidential election by a comfortable margin, but even his supporters’ enthusiasm is tempered by the scale of the challenge that the inexperienced politician faces in tackling France’s deep-seated economic, social and security problems. Macron, a former economy minister who had never previously stood for elected office, beat far-right leader Marine Le Pen […]
Cofco, China’s powerful state-controlled grains company, is set to appoint the former chief executive and deputy chair of agricultural trader Louis Dreyfus Company as a non-executive director for its international agricultural trading arm. Serge Schoen, who resigned from the LDC board last year, is poised to become one of Cofco International’s four non-executive directors on the company’s 10-person board. His appointment comes as questions have been raised […]
08 May 2017 Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organize the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the […]
Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]
By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]
08 May 2017 Sharjah – The season’s biggest sale of consumer electronics and fashion products is all set to open as the second edition of mega shopper will be held at Expo Centre Sharjah from May 10 to 13, 2017. Considered as single-largest consumer electronics and fashion event, the 2nd Consumer Electronics Fashion – Big Shopper 2017 promises to be the largest showcase of the latest in gadgets, […]
