TOKYO Already rare among Group of Seven leaders for the stability of his reign, Shinzo Abe will have a shot at becoming Japan’s longest-serving prime minister after his party changes a rule allowing him to serve a third consecutive three-year term. That would give Abe, whose resignation in 2007 after an earlier stint started a spate of revolving-door premiers, a chance to achieve his goal of revising […]
Dubai, UAE, 01 March 2017 Konica Minolta Business Solutions Middle East will be taking part at the Gulf Print and Pack 2017 running from 26th to 29th March at Dubai World Trade Centre. Konica Minolta will be showcasing and unveiling new developments at the Gulf Print and Pack 2017. As a leading global service provider in the field of IT- and document processes as well as digital […]
/By Arabian Post Staff/ The success of DIFC and DMCC has inspired a US-based group to recreate the model in the western hemisphere. The C-MCC Development Group LLC, a US-based development group, announced that it will establish the C-MCC Worldwide Free Trade Zone on Curacao island, patterned after the successful Dubai Multi Commodities Centre (DMCC) and the Dubai International Financial Centre (DIFC) located in the United Arab […]
Israeli telecommunications company Mobilicom is looking to raise AU$7.5 via an initial public offering (IPO), according to a prospectus lodged with the Australian Securities and Investments Commission on March 1. Mobilicom, which provides private wireless networks for mobile platforms and users without the need for infrastructure such as satellites or towers, will issue 37.5 million shares at 20 cents a share, giving it an estimated market capitalisation […]
TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]
Organisers of the Middle East Film and Comic Con (MEFCC) say the sixth edition to be held in Dubai in April will be its biggest ever. The pop culture convention is returning at the Dubai World Trade Centre (DWTC) from April 6-8 with a showcase of the best regional and international talent, celebrity guests, pop culture exhibitors and activities, a statement said. Over the past five years, […]
The Trump administration is preparing to ignore any rulings by the World Trade Organisation that it sees as an affront to US sovereignty, according to a leaked report prepared by officials. The move would be a departure from US practice and a blow to the international watchdog’s credibility. The hard-hitting report, which was sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the […]
A storming start for risk assets has defined the first two months of 2017, with heightened optimism on Wall Street pushing the FTSE All-World equity index into record territory. Whether the rally can be sustained in March depends on the outcome of several key events. Here is a rundown of what looms for investors during the month. US jobs data and the Federal Reserve The bullish sentiment […]
Wednesday 16:30 GMT Overview Wall Street surged to another record as comments from Federal Reserve officials caused traders to boost their bets for an increase in US interest rates this month and investors celebrated a more upbeat tone from Donald Trump in his first address to Congress. In keeping with he risk-on mood that washed across financial markets around the globe, the dollar also rose and gold […]
In investment as in life, what goes unsaid is often more important than what is said. Long-term watchers of the Federal Reserve know to look at every last word of every statement from a Fed governor — which is why a succession of Fed speeches and interviews on Monday and Tuesday were taken as doubling the chances that the central bank raises US interest rates at its […]
When you’re deep in a video game, the last thing you want to do is leave home. If only you could take the game with you for your commute to work or your bus ride to school, or to liven up your lunch hour. Nintendo’s new Switch console tries to address that by letting you play it anywhere. You simply yank the Switch out of its docking […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The surge in inflation raises the possibility of an interest rate increase from the Federal Reserve this month. While still below the U.S. central bank’s 2 percent target, inflation […]
The US dollar and global bond yields rose on Wednesday as investors focused on expectations that the Federal Reserve wants to raise interest rates this month, in the absence of specific policy details from Donald Trump’s first speech to Congress. The dollar index — a measure of the reserve currency against its main peers — rose 0.5 per cent to its highest level in more than a […]
By Sijia Jiang | HONG KONG HONG KONG Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61 billion yuan ($8.87 […]
As if Uber’s woes couldn’t get any more taxing than it currently is. The company is dealing with extremely controversial sexual harassment allegations, being sued by Google over allegedly stolen designs, and now it has to deal with another controversy altogether, this time of its CEO, Travis Kalanick, arguing — with harsh words, no less — with an Uber driver in a video caught by the car’s dashcam. Travis […]
Wednesday 09:30 GMT Overview The dollar and government bond yields are jumping, and gold is falling, as hawkish comments from Federal Reserve officials cause traders to drastically shorten the odds of an increase in US interest rates this month. Meanwhile, US equity index futures point to another record on Wall Street, tracking gains in Europe and Asia, after Donald Trump addressed Congress for the first time, with […]
Stocks pared gains and the US dollar initially eased as President Donald Trump’s first address to Congress failed to provide the policy details that markets wanted — and analysts let rip with their disappointment. “We needed him to be a leader. We needed him to give us direction. That is where he let investors down this evening,” said Paul Christopher, head global market strategist for Wells Fargo […]
A new contract for future Olympic Games hosts that makes the protection of human rights a core requirement earned praise from rights groups on Tuesday who say preparations of major sports events lead to rights violations. The International Olympic Committee has now made a specific reference to the protection of human rights in its revised host city contract, sent out to the 2024 summer Olympic bid cities, […]
Just under 70 minutes, 4,825 words, and the message was clear – the speech was about “will” and “Americans” Additionally “Obamacare” was mentioned 5 times, “Historic” was mentioned 3 times, and “massive” twice. .. I am here tonight to deliver a message of unity and strength, and it is a message deeply delivered from my heart. #JointAddress — President Trump (@POTUS) March 1, 2017 President Trump got […]
King Salman’s extravagant travel arrangements have captured the public imagination ahead of the Saudi monarch’s high-profile visit to Indonesia beginning Wednesday, but billions of dollars in oil and other investment deals are also at stake. The trade deals could be worth as much as $25 billion, including a $6 billion project between the two nation’s oil companies, according to Indonesian officials who briefed reporters on the scheduled […]
In recent years the idea that no person or fund can consistently outperform the wider stock market by skill alone has been fashionable. Emboldened by traditional investment houses haemorrhaging market share to automated passive funds, the once-maligned advocates of the efficient market hypothesis have revised their mantra: you can’t beat the market, so buy an exchange traded fund instead. Outsiders listening in to this debate may conclude […]
By Steve Holland | WASHINGTON WASHINGTON After a turbulent start to his presidency, Donald Trump goes before the U.S. Congress on Tuesday night to give a speech that will be closely watched for details of his plans for the economy and whether he can strike a more conciliatory tone. World financial markets will be scrutinizing the 9 p.m. (0200 GMT Wednesday) address in the House of Representatives […]
Singapore-based Olam, one of the world’s biggest food traders, is predicting a revival in chocolate consumption in Europe as prices fall on the back of a bumper west African crop. Cocoa is one of the worst performing commodities this year, with the London benchmark trading at its lowest since 2013 amid concern over a glut in supply in west Africa, the key growing region. Sunny Verghese, Olam […]
Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]
