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Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // OpenAI identifies 948 Linux privilege escalation flaws using AI // Meraas showcases five residential zones at Dubai Design Week // Oil and chip shares retreat after Democratic victories // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Dubai details five-year visa benefits for returning visitors // Emaar approves Development buyout ahead of planned delisting // Private varsities bill all set to face the axe // Emirates Group records AED 4.1 billion half-year profit // Cloudflare unveils Zero Wire vulnerability intelligence service // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Technology shares plunge as Nasdaq enters correction // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Kochi police detain two actors over bid to honey trap doctor // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Dubai boat show confirms international shipyard line-up for November //

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By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]

Not everything is Donald Trump’s fault. And by the same token, not everything that goes right in the world can be attributed to him. It can be difficult to remember this, particularly in the US where domestic politics is crowding out almost everything else from the news, and where most people are inclined to view the news through stridently pro- or anti-Trump lenses. Mr Trump seems so […]

By Farah Master and Venus Wu | HONG KONG HONG KONG As visitors sip champagne at Hong Kong’s Art Basel event this week and take selfies with replicas of deceased leaders Fidel Castro and Mao Zedong, a more urgent issue is rumbling through dealers exhibiting – how big an impact China’s capital controls will be in the coming year. Over the past six months, Chinese buyers have […]

Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]

Marriage is a sacred bond and a firmly binding promise based on mutual love, compassion and, in some cases, tolerance, worshippers will hear on Friday. God said: “And of His signs is that He created for you from yourselves mates that you may find tranquillity in them; and He placed between you affection and mercy. Indeed, in that are signs for a people who give thought.” (Ar-Room: […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close. In […]

23 March 2017 BisB announced that its Annual General Meeting has approved all items in its meeting agenda, in its meeting held in Bahrain Bourse’s Hall at Bahrain Financial Harbor Building at 10:00 am on Thursday 23rd March 2017. After ascertaining that meeting quorum has been satisfied with (86.9%) of the shareholders in attendance, Dr. Esam Abdulla Fakhro, Chairman of the Board of Directors of Bahrain Islamic […]

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SYDNEY China is not militarising the South China Sea, Premier Li Keqiang said on Friday, although he acknowledged that defence equipment on islands in the disputed waterway had been placed there to maintain “freedom of navigation”. China has drawn international criticism for large-scale building in the South China Sea, although Li told reporters in Australia the development was for civilian purposes only. “China’s facilities, Chinese islands and […]

In almost any other part of the world, a friendly, on-camera hug between two senior politicians at a public event would have raised no eyebrows. But in the febrile atmosphere of a Hong Kong bracing itself for the “election” of its fourth chief executive since the former British colony was handed back to China in 1997, Tung Chee-hwa’s embrace of Carrie Lam during a public ceremony in […]

The optimistic but eerie calm that had settled over the US stock market since the US election ended abruptly this week, as the longest streak of trading days without a 1 per cent decline in more than two decades finally snapped. Equities clawed back some of their losses on Wednesday but investors remain on edge. The post-election stock market rally has been largely powered by hopes the […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark for oil, were at $50.82 per barrel at 0807 GMT, up 18 cents, or 0.4 percent, from their last close. That came […]

Newfound volatility and jitters ahead of a key healthcare vote in Washington have sapped enthusiasm for corporate bonds, forcing several companies to pay up to borrow through debt capital markets and sending others to the sidelines to await market calm. Goldman Sachs and Santander were forced to offer more attractive new issue premiums to draw investors amid the subdued market conditions, as several recent bond offerings sold […]

By Nick Kounis of ABN Amro Euro Rates Watch – Will the TLTRO spark carry trades? The last of the ECB’s TLTRO-II operations is expected to have a big take up, with the market expecting EUR 125bn, and some forecasts as high as EUR 300bn From a rates perspective, what matters is whether these funds will trigger flows into the bond or swap markets as banks set […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump’s pro-growth agenda. Sterling GBP=D3 was steady at $1.2483 following a decline of as much as 0.4 percent on Wednesday, after an attack […]

March 23, 2017 by: Peter Wells in Hong Kong Thursday 02.15 GMT Overview Asian markets were in a more subdued mood and making a tentative recovery from a midweek sell-off in which many global stock markets suffered their worst session since the US presidential election. A terror attack in London on Wednesday also kept investors in a cautious mood. Hot topic A jolt to global financial markets […]

By Andrea Hopkins | OTTAWA OTTAWA Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook. Finance Minister Bill Morneau’s second budget contained few surprises, in line with expectations that Ottawa wants to wait to see […]

The euro came close to its highest level against the dollar in almost four months on Wednesday, as investors waited nervously ahead of Donald Trump’s first key legislative test over the repeal of Obamacare. This week the euro has gained 0.8 per cent against the US currency, taking its rise this month to 2.6 per cent and leaving it worth $1.0825 late on Wednesday. Euro strength is, […]

By Chine Labbé and Adrian Croft | PARIS PARIS Militants are increasingly turning to vehicle-ramming attacks, like the one staged near Britain’s parliament on Wednesday, because they are cheap, easy to organise and hard to prevent. Experts say the tactic of mowing people down avoids the need to obtain any explosives or weapons and can be carried out by a “lone-wolf” attacker without using a network of […]

The enigmatic Australian singer Sia Furler leads something of a double life: a successful songwriter and high-profile pop star. The 41-year-old, who performs at the Dubai World Cup concert at Meydan Racecourse on Saturday, became a major presence in US pop scene as a songwriter initially. Rihanna (Diamonds), Beyoncé (Pretty Hurts) and Britney Spears (Perfume) all grace her mighty resume. Furler was also an underrated alternative act […]

By Tova Cohen and Steven Scheer | TEL AVIV TEL AVIV Intel’s $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector’s other late-stage startups, where funds are most needed. Fundraising in late-stage startups – more mature firms that are already selling products rather than just the bright but unexploited ideas of entrepreneurs – has […]

Markets now and again behave in ways least expected, none more so than the resilience of emerging market currencies against the US dollar. Two of the main factors underpinning EM foreign exchange flows — globalisation and oil — are going the wrong way. Globalisation looks more vulnerable than ever following the G20 finance ministers’ meeting that pointedly failed to include the need to fight protectionism in its […]

Akzo Nobel has rejected a second takeover bid in less than three weeks from US rival PPG, claiming that the revised offer of €22.4bn failed to recognise the value of the Dutch paints and chemicals group.  The latest takeover attempt by the US company represented a €1.5bn improvement on the previous offer, but was not enough for Akzo Nobel’s board, who rejected it unanimously. The maker of […]

Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]

Alibaba has kicked off its grand plan for global trade without frontiers, signing a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia. The pact, established as a public-private partnership in Malaysia’s digital free trade zone, is focused on infrastructure, including a fulfilment centre and co-operating on electronic payments and financing. Daniel Zhang, chief executive of the Chinese ecommerce […]

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Just in:
Emirates Group records AED 4.1 billion half-year profit // TVM –Mangaluru Vande Bharat claims top spot // Hong Kong mandates crypto transaction disclosures to tax authorities // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // OpenAI identifies 948 Linux privilege escalation flaws using AI // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Millions Of Indians May Soon Be Deprived Of Government Assistance // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Dubai details five-year visa benefits for returning visitors // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Meraas showcases five residential zones at Dubai Design Week // Ousted top Kochi cop gets IG post // Kochi police detain two actors over bid to honey trap doctor // Private varsities bill all set to face the axe // Dubai boat show confirms international shipyard line-up for November // Technology shares plunge as Nasdaq enters correction // UK air traffic outage inflicted £33m financial losses // Emaar approves Development buyout ahead of planned delisting //