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Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]

US Treasuries came under pressure across the curve on Thursday, following a round of solid economic data and indications that the Federal Reserve is willing to look past the slowdown in economic growth at the start of this year. The 10-year yield was up 0.043 percentage point (4.3 basis points) at 2.363 per cent. Meanwhile, the policy-sensitive two-year yield ticked up 2.81 bps to 1.322 per cent. […]

Cameron Mackintosh speaks with all the ease – but with little of the arrogance – of someone who has made a billion dollars doing what he loves. “I was a lucky boy to be born when I was,” he says. Coming from the third richest man in the British music industry, it is perhaps the understatement of the century. The run of stage smashes he produced in […]

As noted earlier, while European stocks and US equity markets have ignored the commodity crash in China, which in addition to iron ore plunging limit down, also saw rubber tumble 7% lower, and steel rebar, coke, coking coal plunge over 6% …   … Axiom’s Gordon Johnson warns (as we did a month ago) that the worst is yet to come, and in fact, the “backdrop of […]

11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication — Medley — on a story 11:02 am 11:03 am I could give you a rival’s analysis of the story 11:03 am It’s not the […]

Donald Trump and Republican leaders in Congress are poised for a high-stakes vote on healthcare reform on Thursday that could decide whether the president will achieve one of the key elements of his domestic legislative agenda following a rough first 100 days in office. After three months of roller-coaster efforts to repeal and replace the Affordable Care Act — the healthcare law known as Obamacare that was […]

Freight volumes of Middle East carriers increased by more than 16 percent in March on a year-on-year basis, according to new figures released by the International Air Transport Association (IATA). IATA said that while capacity increased 2.7 percent, international freight volumes increased 16.4 percent year-on-year in March – the fastest pace since June 2015. Seasonally-adjusted freight volumes maintained their upward trend as the year-on-year growth rate recovered […]

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By Michel Rose and Ingrid Melander | PARIS PARIS Far-right candidate Marine Le Pen and centrist Emmanuel Macron clashed over their vision of France’s future, the euro and ways of fighting terrorism in an ill-tempered televised debate on Wednesday before Sunday’s run-off vote for the presidency. The two went into the debate with opinion polls showing Macron, 39, with a strong lead of 20 percentage points over […]

Digitization identified as key for region to retain leadership in global logistics landscape Dubai, United Arab Emirates, May 4 2017  Supply chain optimization took center stage at the ninth GPCA Supply Chain Conference, which took place between 2-4 May 2017 at the Rosewood Hotel in Abu Dhabi. During the event, speakers highlighted logistical efficiency as a top industry priority in the GCC as traditional supply chains across […]

China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]

Earlier today, MarketWatch highlighted the rather blunt investing advice that the ‘highly reputable’ investing newsletter, The Prudent Speculator, and its editor, John Buckingham, recently offered up to millennial investors: “If you are 50 or younger, or have 10 years before taking money out, and do not have 100% in equities, you are crazy.” And while we can certainly appreciate his attempt to achieve crystal clarity with his […]

By Yeganeh Torbati | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson on Wednesday outlined for his staff how an “America First” agenda translates into foreign policy, but did not address the Trump administration’s proposed budget cuts, which worry many diplomats. It was the first time Tillerson had addressed all employees since his first day on the job on Feb. 2, when he spoke to hundreds of […]

While we doubt anything material will emerge for various obvious reasons, the NY Post reports that the DOJ is probing Goldman Sachs for alleged Treasury auction rigging: the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011 even after the Treasury department established safeguards to maintain competitiveness. The case is said to center on […]

ITFC and ITC sign partnership agreement on project implemenation in Djibouti and Algeria 03 May 2017 Jeddah, Kingdom of Saudi Arabia  The Islamic Development Bank (IsDB) Group and the International Trade Centre  (ITC), will work together to implement joint projects and strengthen the competitives of SMEs in IsDB member countries. This was disclosed during an official visit by Arancha Gonzalez, Exective Director of ITC, to the President […]

The Abu Dhabi International Book Fair completed its 27th edition on Tuesday. On the surface the event did what it was designed to do. Thousands of books were sold, literary awards were handed out, a new publishing house was announced, publishing deals were signed and authors’ works were snapped up in languages ranging from Chinese to Turkish. But it is only when you spend a serious amount […]

The law justifying Britain’s Brexit bill is hotly contested, the variables in the calculation are legion and the negotiation has yet to start. But there can be no doubt that the EU’s €100bn demand to settle Britain’s exit dues is one of the biggest political dangers in the Brexit process. The Financial Times estimated the bill using the EU’s negotiating guidelines, the more detailed draft mandate for […]

By James Pearson and Alexei Chernyshev | SEOUL/VLADIVOSTOK, Russia SEOUL/VLADIVOSTOK, Russia When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency. Some academics who study North Korea argue Kim could be looking for Russia to ease […]

Saudi Arabia said Tuesday that it will issue a quarterly budget progress report for the first time as part of efforts to boost transparency while diversifying its oil-dependent economy. The world’s biggest oil exporter is wooing investors as it tries to reduce budget deficits caused by a collapse in energy revenues. “We will for the first time in Saudi announce, possibly in a couple of weeks or […]

News from the FT that the UK may face an initial Brexit bill of up to €100bn has dented sterling this morning. The currency fell by 0.2 per cent against the dollar to $1.29, nibbling into some of its eye-catching recent gains before recovering slightly. Against the euro, the pound is also down by 0.14 per cent to €1.1823. Broadly, the path for sterling since the general […]

By Karolin Schaps | LONDON LONDON Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much higher-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply. Benchmark Brent crude LCOc1 was up 37 cents at $50.83 a barrel at 0815 GMT. On Tuesday the futures had settled at their lowest since Nov. 30, when the Organization of the Petroleum Exporting […]

Elsewhere on Wednesday, – TFW you have become verb used to specify there should be no lying in this particular bond quoting: Shortly after his indictment in 2013, Mr. Peters engaged in a chat session with a potential buyer about the price that would be offered for mortgage securities. The customer wrote, “Ok don’t litvak me! Go ahead with that bid.” – Guardian longread on where oil […]

MEXICO CITY Three successive Mexican presidents have failed to halt a cycle of violence against journalists and impunity for their killers that is stifling freedom of expression, a watchdog group said on Tuesday. The Committee to Protect Journalists (CPJ) urged President Enrique Pena Nieto to prioritize protection for the media in the last year of his government, after at least 21 journalists were slain in the past […]

Abu Dhabi // The prime minister of Libya’s UN-backed government and the country’s most powerful military commander met in Abu Dhabi on Tuesday for direct talks on ending Libya’s conflict. The meeting came after months of international pressure and a failed attempt at negotiations in Cairo in February. The rival figures met face to face “thanks to international and Arab mediation”, according to Libya’s Lana news agency. […]

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