Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]
Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]
CYBERJAYA, Mar 7 (Bernama) — The Cabinet is likely to discuss Malaysia’s trade relations with North Korea at its meeting this Friday following rising tension between the two countries, said Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan. Ong, when met after opening the T-Sytems Malaysia Innovation Centre T-Hub here today, said: “I think it (the Cabinet) will make a decision on this (trade).” […]
07 March 2017 Geneva – The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.9% in January 2017 compared to the year-earlier period. While this was down from the 10% annual growth recorded in December 2016 it still was well above the average annual growth rate of 3% over the past five years. Growth […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump’s ability to focus on economic policies. Oil prices were slightly lower amid fears growing U.S. production will offset OPEC cuts. Futures are pointing to a positive open for Britain’s FTSE 100 .FTSE and France’s CAC 40 .FCHI. MSCI’s broadest index of Asia-Pacific shares […]
I recently attended the DNS Privacy Workshop colocated with this year’s NDSS 2017 in San Diego, California. DNS privacy has received considerable attention from researchers and engineers since the Snowden revelations of state-backed pervasive surveillance in 2013 and the workshop covered a lot of ground. For some Internet users, anonymity is critically important and a service like ToR exists to obfuscate the location and browsing habits of […]
By Ernest Scheyder | HOUSTON HOUSTON Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast. The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world’s […]
Monday 21:56 GMT Overview Global equities sold off on Monday, encouraging flows into sovereign debt, after Asian markets were rattled by North Korea firing missiles into the Sea of Japan and the Federal Reserve’s interest rate meeting drew nearer. US President Donald Trump’s latest spat with the country’s security services may also be damping the mood somewhat as markets continue to price in a rate rise by […]
Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Despite a chorus of analysts predicting a decline in oil consumption in the coming years, as governments push for energy efficiencies, cleaner fuel usage and electric cars, the IEA cautioned in its five-year outlook: “We see no […]
Via Michael Shedlock of MishTalk.com, A quick perusal of Target2 Balances for January shows capital flight from Italy and Spain to Germany intensified again. German target2 imbalances exceed levels hit in the Eurozone crises in 2012. Things improved considerably after ECB president Mario Draghi made his famous statement “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, […]
If the Galaxy S8 leaks keep coming in at this rate, there won’t be anything left for Samsung to announce at its big March 29 launch event. The latest leak potentially reveals what it’ll be like to use the phone without a physical home button. Three images and a 5-second video posted by Slash Leaks show the Galaxy S8 in, uh, some of its glory. The first […]
By David Lawder | WASHINGTON WASHINGTON Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues, and bilateral discussions were needed to reduce it outside of European Union restrictions. Navarro, the director of the new White House National Trade Council, said at an economic conference in Washington that Germany has used the […]
Bloomberg is fighting to keep the bond house Pimco as a customer on its platform to buy and sell Treasuries, as the advance of automated trading reshapes the $14tn US government debt market. Pimco, one of the most influential debt investors with almost $1.5tn of assets under management, is working on a tie-up with rival trading venue Tradeweb, according to people with knowledge of the discussions, escalating […]
Manila – The Philippine police chief said his forces had “reloaded” and were back fighting their president’s deadly war on drugs, just over a month after they were withdrawn because of widespread corruption. President Rodrigo Duterte said in late January he had suspended all police from his crackdown on illegal drugs, which has claimed more than 6 500 lives, after describing them as “rotten to the core”. […]
FRANKFURT Shares in Deutsche Bank (DBKGn.DE) fell almost 7 percent in early trading on Monday after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort. The capital hike is its fourth since 2010. Together with a partial listing of the asset-management unit and a sale of other assets, the move should take its core capital […]
Recruiters in the Bay Area and executives at rival companies say they have seen an uptick in job applications from Uber employees, as its workers lose faith in the company’s leadership and start to doubt the value of their stock options. Uber has gone from crisis to crisis over the past five weeks, prompting increasing numbers of employees to explore the idea of leaving a start-up that […]
Via JC Collins of Philosophy of Metrics.com, First they came for the Socialists, and I did not speak out—Because I was not a Socialist.Then they came for the Trade Unionists, and I did not speak out—Because I was not a Trade Unionist.Then they came for the Jews, and I did not speak out—Because I was not a Jew.Then they came for me—And there was no one left […]
TOKYO U.S. stock futures dropped and Asian shares were on the defensive on Monday as investors weighed the near-certain prospect of an interest rate hike in the United States this month against news of slower growth in China this year. Risk appetite also took a hit on rising geopolitical tensions in East Asia, as North Korea fired four ballistic missiles early in the day, while a spat […]
Hamiltonians love their java — and we’re not talking about Tim Hortons. More than 600 people turned up Sunday afternoon at the Spice Factory on Hughson Street North for the city’s first Coffee Fair. The free event included 14 local coffee shops or roasters — each offering samples of unique blends, home brewing techniques and demonstrations. “It’s been an incredible […]
05 March 2017 Dubai, UAE – HE Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, visited Empower’s cooling plants in JVC and JVT to inspect the two giant projects and ensure the efficiency of the service provided to clients. During his visit, HE Bin Shafar reviewed the operational process in the cooling plants, and watched the work […]
Such an effect may lead male traders, driven by an increase in testosterone due to a successful investment, to take exaggerated risks, which, in turn, create price bubbles. By increasing the number of women in financial markets, it may be possible to stabilize these markets since women have less dramatic shifts in testosterone levels, which can make them less prone to the momentum effect. (via WSJ)
· Tasdeer showcased 20 Qatari food and beverage sector companies at Dubai World Trade Center from 26 February – 2 March 2017 · Food and beverage industry valued at more than USD $5 trillion globally, according to estimates · Expo attracted key businessmen, decision-makers and investors from agri-food industry from across the world 05 March 2017· Tasdeer showcased 20 Qatari food and beverage sector companies […]
Maritime security will head the agenda as Australia and other Indian Ocean nations meet in Jakarta, with Indonesia pushing governance in a bid to prevent another South China Sea. Prime Minister Malcolm Turnbull will meet with President Joko Widodo for the second time in less than two weeks when he attends the 20th anniversary of the Indian Ocean Rim Association (IORA) summit in Jakarta this week. With […]
As part of the previously previewed “Two Sessions” which started on Sunday, Chinese Premier Li Keqiang on Sunday delivered the annual report on the work of the government in Beijing, summarizing the country’s achievements in the past year, and setting goals for this year. In his policy speech, lasting 97 minutes and 18,600 Chinese characters, Li signaled a course adjustment for the world’s second-largest economy and some […]
