As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
LONDON The head of Britain’s biggest trade union Unite is likely to meet the CEO of Peugeot (PEUP.PA) on Friday in London to discuss the potential takeover of General Motors’ (GM.N) European operations, a trade union source told Reuters. “It looks like it is happening on Friday morning,” the source said of the meeting between Unite General Secretary Len McCluskey and Peugeot Chief Executive Carlos Tavares. There […]
By Ben Blanchard and Philip Wen | BEIJING BEIJING With the suspension of all North Korean coal imports, China has wielded a big stick against its reclusive neighbour, but there is no sign it will cut off all critical links and Beijing is still promoting talks to solve the dispute over Pyongyang’s programme to develop nuclear weapons. China has been getting increasingly fed up with what it […]
Australia and the UAE will explore closer defence ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Australia’s Defence Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, met on the sidelines of the biennial International Defence Exhibition and Conference (IDEX) in Abu Dhabi. The […]
Key to enhancing and diversifying its service offering in the domestic maritime industry 20 February 2017 Riyadh – Saudi Arabia – Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the central suburb of […]
Monday 04:30 GMT Overview Stock markets across Asia were mostly higher though currencies struggled to make much headway in a subdued session. Hot topic The US market is closed on Monday for the President’s Day public holiday. On Friday the S&P 500 climbed 0.2 per cent to a record high, capping a week in which the FTSE All World index topped its previous record peak from May […]
ABU DHABI // The British royal navy is strengthening its presence in the Arabian Gulf after it took command of US Task Force 50 – the first time it has led a US force in the Middle East. The force, which has assisted in battling ISIL in Iraq and Syria, plays an important role in the region because it allows free passage of trade throughout the Gulf […]
Taj El Khayat to bolster development in key markets, with security and cloud to the fore 19 February 2017 Dubai, United Arab Emirates – F5 Networks (NASDAQ: FFIV) has appointed Taj El Khayat as its new director for the Gulf, Levant & North Africa region. Reporting directly to Diego Arrabal, Middle East and Africa VP, F5 Networks, El Khayat will lead a team comprising of salespeople, channel […]
By Carl O’Donnell | NEW YORK NEW YORK U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth that was flatly rejected on Friday by […]
Last week, as delegations from the new US administration, Russia, China and the EU gathered at the Munich Security Conference to discuss the strategic challenges facing the international community, a very different international assembly was taking place at the Abu Dhabi headquarters of the UAE’s Ministry of Culture and Knowledge Development. As ministers in Germany prepared to debate matters diplomats define as “hard power” – military and […]
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]
The EU’s Brexit negotiators expect to spend until Christmas solely discussing Britain’s divorce from the bloc, denying London any trade talks until progress is made on a €60bn exit bill and the rights of expatriate citizens. A narrow divorce-first approach favoured by Michel Barnier, the EU’s chief negotiator, would represent a big setback for Britain’s aim for a fast-track EU trade deal, completed by the end of […]
Here are the questions the FT Markets team will be pondering this week: What do retail flows mean? Money flows are widely watched but, like anything in markets, there is signal and then there is noise. Investors poured money into global stock funds last week, one when US stock markets set fresh records, and US long-only equity funds received the first net inflow of cash ($0.5bn) in […]
By Saqib Iqbal Ahmed | NEW YORK NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc (WMT.N) next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for […]
BANGKOK A United States aircraft carrier strike group has begun patrols in the South China Sea amid growing tension with China over control of the disputed waterway and concerns it could become a flashpoint under the new U.S. administration. China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty in the South China Sea. The U.S. navy said the force, including Nimitz-class aircraft carrier USS Carl […]
DUBAI U.S. President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inauguration. Speaking on a stage in front of the clubhouse at the Trump International Golf Club Dubai, Donald Trump Jr. praised the development of the United Arab Emirates (UAE), […]
Those bombings never happened, but the intent of the conspiracy, prosecutors said, was to destroy New York landmarks, kill hundreds of people and force the United States to abandon its support for Israel and Egypt. Continue reading the main story Prosecutors also asserted that Mr. Rahman was linked to the 1993 bombing of the World Trade Center, which killed six people. In Mr. Abdel Rahman’s trial, prosecutors […]
Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
CAIRO Omar Abdel-Rahman, convicted of the bombing of the World Trade Center in New York in 1993, has died in prison in the United States, his son Ammar told Reuters on Saturday. Ammar said his family had received a phone call from a U.S. representative saying his father had died. (Reporting by Mohamed Abdellah; writing by Asma Alsharif; Editing by Kevin Liffey) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]
Two weeks ago, German finance minister Wolfgang Schauble confirmed Donald Trump’s charge that the Euro is far “too low” for Germany, but said he is unable to do anything about it and instead blamed Mario Draghi. “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position,” he told Tagesspiegel on February 5. “When ECB chief Mario Draghi embarked on the expansive monetary […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
By Emily Chow and Liz Lee | KUALA LUMPUR KUALA LUMPUR Malaysian police said on Saturday they had arrested a North Korean man in connection with the murder of the estranged half-brother of North Korean leader Kim Jong Un, as a diplomatic spat over his body escalated. Kim Jong Nam died this week after being assaulted at Kuala Lumpur International Airport with what was thought to be […]
LONDON Britain has offered Peugeot manufacturer PSA Group (PEUP.PA) assurances on post-Brexit trade and supply chains in an attempt to protect Vauxhall car plants after a possible takeover, the Financial Times reported on Saturday. Business minister Greg Clark met French politicians and PSA executives in Paris on Thursday to discuss their plan to buy General Motors’ (GM.N) European unit, Opel, which include Vauxhall plants in Britain. The […]
