By Lisa Twaronite and Wayne Cole | TOKYO/SYDNEY TOKYO/SYDNEY Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank’s decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. MSCI’s broadest index of Asia-Pacific shares […]
Relegated to the backbench of the UK parliament, George Osborne has a great deal more time on his hands after the very public failed Brexit ‘Remain’ campaign. The former British chancellor is using the downtime to investigate why a wave of populist nationalism is currently sweeping across the world – and how it managed to bruise his political career as well as that of former prime minister […]
By Emily Stephenson | DES MOINES, Iowa DES MOINES, Iowa President-elect Donald Trump said on Thursday the United States needed to improve its relationship with China, which he criticized for its economic policies and failure to rein in North Korea. “One of the most important relationships we must improve, and we have to improve, is our relationship with China,” Trump told a rally in Iowa. The United […]
Brisbane-based Oventus Medical has opened a new 3D printing facility at the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) Clayton, Victoria campus. The facility builds on an existing partnership between Oventus and CSIRO, and will see the publicly-traded company produce its O2Vent device, a customisable, 3D-printed titanium mouthguard designed ensure optimal airflow and reduce the effects of snoring for sleep apnoea sufferers. Oventus has been developing O2Vent […]
Brexit may have come at the most fortunate time for the GCC. As the Gulf seeks greater support to fend off security risks in the region, including Iranian actions, and avenues to shore up bilateral trade in replacement of lost oil revenues, the UK is reaching out to old friends in a bid to strengthen non-mainland European relationships. “We will make it a priority, when the UK […]
Your daily guide to community and cultural activities across the Emirates for December 9, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Tennis event Take part in the ZSC Academy Tennis Festival, a fun way to experience and learn more about the sport. There will be lessons for children ages 2 and older, tennis […]
Investors have valued Athene at about $7.4bn in a stock market launch of the US pensions provider, according to people familiar with the matter. Selling shareholders led by private equity house Apollo Global Management are set to raise $1.08bn as bankers handling the float prepare to price shares in the company at $40 apiece, the people said. That is the middle of a range of between $38 […]
By Amanda Becker and Robert Iafolla | WASHINGTON WASHINGTON President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labour advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. Puzder, chief executive of CKE Restaurants Inc [APOLOT.UL], which operates the Carl’s Jr. and Hardee’s fast-food chains, has frequently argued in […]
08 December 2016 “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the fast development of energy storage, renewable energy is becoming cheaper, gas that is an increasingly attractive mode of power generation in Africa, and that in the next 10 years, […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
Photo Closer Aroldis Chapman, left, with Starlin Castro, signed with the Yankees for five years, but he can opt out after three. Credit Mike Stobe/Getty Images NATIONAL HARBOR, Md. — You might think a $17.2 million annual salary, a new benchmark for closers, would be enough to get a five-year commitment to the Yankees from Aroldis Chapman. But that is not how free agency works. The Yankees […]
Thursday 21:00 GMT Overview The European Central Bank’s latest policy surprise fuelled a volatile session for the euro and government bonds as participants appeared, initially at least, to struggle to assess its implications. But European stocks rose to 11-month highs while Wall Street overcame an early bout of fatigue to set yet more record peaks. Oil prices resumed their upward path, even as a stronger dollar unsettled […]
For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]
By freelance contributor Ben Bohane in Ly Son Island Posted December 09, 2016 05:35:32 Photo: Ly Son island, looking out towards the Paracels and Spratlys. (ABC News: Ben Bohane ) Related Story: Vietnam moves rocket launchers into disputed South China Sea: report Related Story: Vietnam expanding South China Sea runway: reports Sparkling on the horizon as our boat navigates the swell is one of the world’s most […]
Idyllic archipelago of 115 islands will continue to enchant Middle Eastern guests in 2017 8 December 2016, Dubai UAE The Seychelles Tourism Board Office in Dubai is delighted to confirm that visitor numbers from the GCC region have shown impressive year-on-year growth over the past 12 months. The announcement comes with news of a portfolio of hotel openings for 2017 that look set to secure the market […]
The 19th edition of realty exhibition expecting to attract thousands of NRIs over the 3-day expo Investor confidence gets boost due to demonetisation, home loan rates to be down to 7-8%; RERA, GST and REIT to further improve transparency and bring healthier, sustainable growth Top developers across India meet for exclusive face-to-face interaction. Properties boast features such as eco-friendly housing, water recycling units and […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
Photo Aroldis Chapman pitching for the Yankees on July 18. He was traded to the Chicago Cubs later that month. Credit Al Bello/Getty Images NATIONAL HARBOR, Md. — The Yankees fulfilled the main objective of the off-season late Wednesday night, agreeing with closer Aroldis Chapman on a five-year, $86 million contract. The deal reunited the Yankees with the hardest-throwing pitcher in baseball after they traded him to […]
Anwar Ahmad ABU DHABI // Noorullah Khan’s life was changed forever the day he stepped foot in Abu Dhabi. The Afghan arrived in the capital aged 18, penniless and with little more than the clothes on his back. Fast forward three decades and he now runs a successful shop at the Carpet Market at Mina Zayed. Now 51 years old, he has made a life for himself […]
Dubai, UAE, 8 December Bollywood Parks™ Dubai, part of Dubai Parks and Resorts, the largest integrated theme park destination in the region, unveils Jaan-e-Jigar, the regions first Broadway-style Bollywood show in all its grandeur at the Rajmahal Theatre, which is located in the heart and soul of the park. Dubai’s answer to world-class entertainment, Jaan-e-Jigar is the biggest Bollywood style show to ever hit the region, where […]
The Singapore Exchange was hit by its second disruption this year with the start of trading in some derivatives contracts delayed by over two hours on Thursday morning. It is the latest in a series of technical failures that have become an increasing source of embarrassment in one of Asia’s main financial centres. Most recently, SGX in July halted trading on its securities market for five hours […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
Britain plans to deepen security cooperation with Gulf Arab countries and work with them to counter Iranian actions in the region, Prime Minister Theresa May said on Wednesday. Addressing a meeting on the sidelines of the Gulf Cooperation Summit in Bahrain, May said Britain would invest more than 3 billion pounds in defence spending in the region over the next decade. “Gulf security is our security,” May […]
US stocks hit fresh highs on Tuesday led by transportation, as investors solidified their bets on an improving economy under the Trump administration. The benchmark S&P 500, Dow Jones Industrial Average and Nasdaq Composite each clinched their best daily performances since the day before the US election, with the first two also setting new records. Stock markets have been invigorated by the possibility of a wave of […]
