The four main US stock barometers all logged record closing highs on Friday, marking the first grand slam in two months as small capitalisation stocks have caught up to their larger brethren. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were already trading at all-time peaks before Friday, propelled higher by the relatively strong performance of large capitalisation stocks, leaving the Russell 2000 index lagging […]
BEIJING Sri Lanka aims to finalise a free trade agreement with China this year and the country’s prime minister will visit Beijing in May, the Sri Lankan ambassador said on Saturday, amid rising concern in the South Asian nation about Chinese investment. Hundreds of Sri Lankans clashed with police at the opening last month of a Chinese-invested industrial zone in the south, saying they would not be […]
SYDNEY Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group’s billionaire founder Jack Ma, who spent time in Australia as a young man, said he hoped the e-commerce giant would help Australian and New Zealand businesses “share their […]
Vincent Viola, the billionaire high-frequency trader, has withdrawn his candidacy to join Donald Trump’s administration on Friday, becoming the first high-level casualty of what has been a chaotic start to the new presidency. The end of Mr Viola’s bid to become Mr Trump’s secretary of the Army came as he faced questions about whether he could extricate himself from his business dealings sufficiently to meet government ethics […]
Every time I take a spin through my Facebook or Twitter feeds, I’m reminded that there’s only one big story right now: Trump, Trump, Trump. For news organizations that wrestle with what coverage their community is most likely to consume, this is one of those rare moments when the mystery is solved. Give ‘em Trump. Love him or loathe him, they can’t get enough. But if the […]
Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and with strategic support from the Ministry of Economy Event a key indicator of smart-service adoption as an important tool for conducting business, supporting smart trade and a knowledge economy Dubai, UAE, 3 February 2017 Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler […]
“The danger is that this is the first stage in an escalation that could culminate in a military confrontation between Iran and the United States, or Iran and Israel,” said Karim Sadjadpour of the Carnegie Endowment for International Peace. “The entire eight years of the Obama administration was an example of unprecedented but largely unreciprocated overtures for cooperation with Iran in the Middle East. The Iranians weren’t […]
A day of market gyrations and pressure for higher interest rates has forced the Bank of Japan to tip its hand by intervening to keep 10-year yields below 0.11 per cent. It is the first time the BoJ has turned last September’s “around zero per cent” cap on the 10-year yield into explicit action, with the central bank offering to buy an unlimited number of government bonds at […]
By Alastair Macdonald and Gabriela Baczynska | VALLETTA VALLETTA European Union leaders said they agreed to stick together in dealing with Donald Trump, but at their first summit since he took office they were at odds on how far to confront or engage with the new U.S. president. Trump and his policies, from questioning the value of NATO and free trade to banning Muslim refugees, came up […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. Nonfarm payrolls increased by 227,000 jobs, the largest gain in four months, the Labor Department said on Friday. The unemployment rate, however, […]
RedfestDXB has announced new timings for its closing day. It will be held on Saturday, after severe winds forced organisers to postpone the original date. To cater to young fans with Sunday school commitments the festival will run from 2pm to 8pm. Fans and ticket holders are urged to follow the event social media channels for further updates on ticket refunds, updated performance times and opening times. […]
MEXICO CITY Mexico and Turkey will speed up negotiations to sign a bilateral trade agreement, Mexican Foreign Minister Luis Videgaray said on Friday at an event in Mexico City with his Turkish counterpart. “A point of interest for both countries is to continue dialogue to build a free trade agreement between Turkey and Mexico,” Videgaray said, flanked by Turkish Foreign Minister Mevlut Cavusoglu. “We’ve agreed to an […]
By Yeganeh Torbati | WASHINGTON WASHINGTON The United States on Friday ratcheted up pressure on Iran, putting sanctions on 13 individuals and 12 entities days after the White House put Tehran “on notice” over a ballistic missile test. The move against Iran is the first by the U.S. government since President Donald Trump took office on Jan. 20 after vowing during his 2016 campaign to get tough […]
Amazon.com Inc’s (AMZN.O) shares fell as much as 4.2 percent on Friday after the company missed Wall Street targets for its closely watched cloud computing business. Shares fell to $804 in early trading, a day after the company reported lower-than-expected fourth-quarter revenue and said it would continue to spend heavily this year, as it looks to take control of its delivery chain and expand its video service […]
Apple clinched $10bn of debt financing on Thursday as capital market activity remained robust, with Microsoft and AT&T also borrowing hefty amounts from investors this week. Apple’s latest bond sale follows a bumper start to the year for corporate and bank borrowings, with more than $185bn raised by investment-grade groups in the US, according to Dealogic. This week Microsoft borrowed $17bn in the largest bond offering of […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
By Emily Stephenson and David Shepardson | WASHINGTON WASHINGTON President Donald Trump will huddle with chief executives of major U.S. companies on Friday as the business community finds itself increasingly split over how to respond to his policies. Uber CEO Travis Kalanick on Thursday quit the business leaders’ group, a panel selected by Trump in December, under pressure from activists over Trump’s week-old executive order halting travel […]
The New York Times is landing on Snapchat, and the Gray Lady thinks its journalism will fit right in on the millennial-dominated social network. “We’re not boring when it comes to visual storytelling,” said Assistant Editor Steve Duenes. “…We have a lot to draw from all forms of digital storytelling.” Expect The New York Times’ upcoming Snapchat Discover channel to be a showcase for visuals from the […]
Dubai – United Arab Emirates, 3rd of February 2017 The 17th edition of the Dubai World Dental Meeting (DWDM) starts this Saturday 4th of February, 2017 at the Novotel World Trade Center Hotel. Dubai World Dental Meeting this year presents 10 hands-on workshops delivered by international industry leaders. DWDM will discuss several topics that will cover Endodontics, Aesthetic, Restorative Dentistry, Orthodontics, Laser in Dentistry, Dental Practice Growth, […]
By Keith Wallis and Osamu Tsukimori | SINGAPORE/TOKYO SINGAPORE/TOKYO Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also helped support prices, analysts […]
Passive investors could control over half of US stock and bond markets by 2021, according to Moody’s research — a trend that is illustrated by the strong start to this year for exchange traded funds. US actively-managed funds faced net outflows last year of $340bn as investors poured $505bn into passive products such as ETFs that track indices, according to data from Morningstar, a research service. The momentum […]
Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]
Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]
SHANGHAI China’s top diplomat said the country’s ‘Silk Road’ push would help boost international cooperation at a time when the risk of “isolationism” is growing. The ‘One Belt, One Road’ scheme, promoting infrastructure projects along historical land and sea trade routes, is helping “align China’s development with that of other countries”, State Councillor Yang Jiechi said in a commentary on Friday in the official China Daily newspaper. […]
