Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
While the latest-gen iPhone 7 may be blowing up and causing burns, Apple fans can take some respite in the fact that the older iPhone 4 is sturdy and functions even after being exposed to harsh elements. A man from Pennsylvania who misplaced his iPhone 4 has gotten lucky and reportedly had the handset returned. Not only did Michael Guntrum retrieve his iPhone 4 unexpectedly, but the fact […]
By Simon Gardner and Ana Isabel Martinez | HAVANA HAVANA From the Bay of Pigs invasion to a historic visit by President Barack Obama to Havana, Cubans have known for generations that whenever the United States turns its face to Cuba, Fidel Castro would be staring right back. But the death of “El Comandante” has added to worries among Cubans that U.S. President-Elect Donald Trump will slam […]
KUALA LUMPUR Malaysian Prime Minister Najib Razak said on Sunday that he will “not necessarily” call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters […]
The Irish prime minister has said it will be “impossible” to agree Brexit within two years, in the strongest rejection so far of the UK’s negotiating timetable by an EU leader. Enda Kenny, who is seen as one of Britain’s allies in the process, said “there’s a growing feeling in Europe that there should be a transition period, and that the transition period will be longer than […]
By Andrea Shalal | WASHINGTON WASHINGTON The United States has told China it will not recognize an exclusion zone in the South China Sea and would view such a move as “destabilizing,” U.S. Deputy Secretary of Defense Robert Work said on Wednesday. U.S. officials have expressed concern that an international court ruling expected in the coming weeks on a case brought by the Philippines against China over […]
By David French DUBAI, June 10 (Reuters) – Banque Saudi Fransi (BSF), the kingdom’s fourth-largest listed lender, will complete a 2 billion riyal ($533 million) capital-boosting sukuk issue by the end of this month, banking sources said on Tuesday. Pricing of the trade, which will boost the bank’s Tier 2 – or supplementary – capital, is at 140 basis points over the Saudi interbank offered rate (Saibor) […]
25 November 2016: Gulf International Bank (GIB) last night revealed its new corporate identity coinciding with the bank’s 40th anniversary celebrations. The unveiling of the new identity was shared with officials at a special ceremony in the Kingdom of Saudi Arabia, Riyadh. The new brand identity reflects the core of the bank’s new strategy and its board’s vision for the bank to be the preferred financial services […]
Jenny Strasburg/The Wall Street Journal Early Friday morning, FBI agents arrested a longtime SAC Capital portfolio manager, Michael Steinberg, on insider-trading charges, making him the most senior employee of one of the nation’s most prominent hedge funds to be snared in the government’s sprawling probe. (via WSJ)
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names. Retailers, including Best Buy, Kohls Corp and Macy’s, that were pummeled in last year’s disappointing holiday quarter have seen their shares surge recently […]
Amid increasing social unrest, a collapsing currency (against the dollar), and an economy at a standstill, there has been another growing fear in India that has spooked many around the world. The rumors and speculation of an Indian gold import ban (or even an outright ban on gold ownership) have sparked panic-buying of the precious metal sending retail premia soaring at local jewelers. In an effort to […]
Gold pared a third weekly drop as the dollar halted a rally that sent bullion prices to a nine-month low and pushed silver into a bear market. Bullion’s first gain in four days cut this week’s loss to 2 percent. Prices have tumbled as strong economic data and the prospect of more spending after Donald Trump’s U.S. election win boosted bets for higher interest rates. Investors are […]
By Philip Pullella | VATICAN CITY VATICAN CITY Baptised as a Roman Catholic and educated by Jesuits, Fidel Castro became a persecutor of the Church after seizing power in Cuba in 1959. Nearly 40 years later, he began a rapprochement that was eventually to enable the Vatican to broker a historic resumption of ties between Cuba and the United States. Despite the contradictions and about-turns, Castro, who […]
November 26, 2016 by: Madison Marriage in London and Andres Schipani in Bogotá Fidel Castro, the controversial Cuban leader who seized power in 1959 and ruled over the communist state for the following five decades, has died aged 90. Castro came to power as a charismatic guerrilla leader after his army of revolutionaries marched into Havana 49 years ago when he was just 32 years old. His […]
Beats on The Beach may have been at the Abu Dhabi Corniche on Friday, but the evening was full of Jamaican beach vibes. Dance hall king Sean Paul delivered an exuberant, hit-laden set on the second day of the three day free music festival. The 42-year-old attempted to pack in many of the hits he’s accumulated since emerging on the scene 20 years ago. On that score, […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
“Bo was not happy,” said Carr, who later became a Michigan head coach. This week, Michigan plays the same opponent in a similarly emotional moment — and one with perhaps even higher stakes. The No. 3 Wolverines will face the No. 2 Buckeyes on Saturday afternoon in Columbus, Ohio, with the chance to go on to win the Big Ten championship, cementing a place in the season-ending […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
Johnson & Johnson, the world’s largest healthcare group, confirmed on Friday it is in preliminary discussions with Actelion, Europe’s largest biotechnology company, over a potential deal. Its statement came after days of speculation among investors that J&J had been preparing a bid for Actelion, although the Switzerland-based biotech had earlier warned “there can be no certainty that a transaction will result” from the J&J approach. People close […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
The Tuesday after Thanksgiving is called Giving Tuesday, and T-Mobile is feeling generous, so T-Mobile Tuesday is turning into #GivingTuesday next week. The weekly giveaways called T-Mobile Tuesdays have proved widely popular so far, and next week, T-Mobile is taking things to the next level. For #GivingTuesday, the Uncarrier plans to use its weekly giveaway for charity. As part of the promotion, T-Mobile will donate up to $500,000 […]
* Debut sukuk seen pricing around 175 bps over midswaps * May come in tighter than Majid Al Futtaim * Order books over $2 bln within hours of announcement * Retail sector avoids some of Dubai’s property risk Advertisement * Expected to price on Wednesday By Archana Narayanan DUBAI, June 10 (Reuters) – Emaar Malls Group, a unit of Dubai’s Emaar Properties , may price its debut […]
