The global bond market rout triggered by Donald Trump’s US election victory looks overdone, according to bond investors now betting that the sell-off was too violent and that borrowing costs will remain contained into the start of the new year. Mr Trump is expected to unveil a large, inflation-fuelling economic stimulus package of infrastructure spending and tax cuts, which has stoked fears of an end to the […]
ABU DHABI // Nepalese expatriates are worried that friends and family at home are being caught up in the currency crisis engulfing India. India and Nepal share a border and travel between them is free and easy, meaning many Nepalis who earn or accept Indian rupees are struggling to exchange their 500 and 1,000 notes since the bills were withdrawn on November 8. “We don’t have big […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on how Donald Trump’s election produced an abrupt change of mood in the markets and examines which assets will now benefit. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Was there a financial markets equivalent of the “shy” Trump supporter to explain […]
Angela Merkel has said she will seek a fourth term as German chancellor, less than two weeks after Donald Trump’s election in the US left her as the west’s pre-eminent liberal leader. The German news agency DPA reported that she had told the leadership of her CDU party, which is meeting in Berlin, that she would stand again as a candidate for chancellor and party leader. The […]
By David Henry | NEW YORK NEW YORK JPMorgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming U.S. president for the role of Treasury secretary. Dimon, 60, has been running the largest U.S. bank for more than a decade and has faced questions about his longevity in the role before: when […]
ABU DHABI// The European Union Delegation to the UAE has been officially opened in the capital. Dr Sultan Al Jaber, Minister of State, chairman of the board of directors of National Media Council, met with Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the Commission, at the inauguration ceremony at Etihad Towers. “The UAE is a country we […]
By Tetsushi Kajimoto and Cynthia Kim | TOKYO/SEOUL TOKYO/SEOUL Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump’s fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. China, Japan, South Korea and Taiwan are already on the U.S. Treasury’s monitoring list, along with Germany and Switzerland, having met […]
Your daily guide to community and cultural activities across the Emirates for November 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Ladies’ event Head to Yas Waterworld today for Ladies’ Day and enjoy access to more than 40 rides, slides and attractions in a private setting staffed entirely by women. Today, 10am to […]
India’s government is taking a hardline stance over renewing a trade deal with the Netherlands just days before it expires, which European officials warn could undermine business ties with the rest of the EU. The bilateral investment treaty between the two countries will end on November 30 — the first in a succession of such agreements that New Delhi has decided to terminate as it looks for more […]
|By Arabian Post Staff| Donald Trump may not go the full course on his threat to stop imports of crude oil from Saudi Arabia, which he had threatened during the election campaign, analysts say. “We protect countries, and take tremendous monetary hits protecting countries,” Trump said in an interview cited by Reuters. “We lose, monetarily, everywhere. And yet, without us, Saudi Arabia wouldn’t exist for very long.” Trump […]
By Samuel Shen and John Ruwitch | SHANGHAI SHANGHAI Scores of Hong Kong-listed companies – many small – are on a roadshow blitz in China to whet the appetite of mainland investors ahead of the launch of a cross-border investment link between Shenzhen and Hong Kong. Mainland investors are enthusiastic, viewing the cross-border channel as a way to buy relatively cheap growth companies and hedge against a […]
By David Shepardson | WASHINGTON WASHINGTON Ford Motor Co (F.N), one of Donald Trump’s prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in a tweet that he had “worked hard” with Ford […]
19 November 2016 Doha, Qatar: Commercial Bank, Qatar’s first private bank, is proud to announce it has won the “Best Cash Management Bank in Qatar” award at The Asian Banker Middle East & Africa Transaction Banking Awards 2016, held in Dubai. The Asian Banker is an authoritative provider of strategic business intelligence to the Asian financial services community. Judged by an international board of advisors, applicants were […]
Chinese president Xi Jinping vowed on Saturday to open the door even wider to foreign business and play an even greater role in the process of globalisation as Beijing moved to take advantage of Donald Trump’s election and fears that he may herald a new era of US disengagement from Asia. Speaking to business leaders on the sidelines of a 21-country Asia-Pacific Economic Cooperation summit in Peru, […]
By Mitra Taj and Caroline Stauffer | LIMA LIMA Chinese President Xi Jinping pledged on Saturday to further open the world’s second-largest economy as leaders of Asia-Pacific countries gathered in Peru to find new free-trade options after Donald Trump was s elected U.S. president on a protectionist platform. The annual APEC summit got under way in Lima just over a week after Trump’s surprise victory dashed hopes […]
It may not get the international acclaim of Dubai or the media attention of Doha, but Ras Al Khaimah (RAK) is quietly making its mark. Famed largely for bringing the world RAK Ceramics, the northern UAE emirate is forging a serious reputation on the global business stage. Be it in tourism, free zones, property or infrastructure, everywhere you look in RAK, something new is springing up. And […]
China’s domestic stock markets look set to be denied entry into international benchmarks for the fourth year in a row next year unless Chinese regulators remove “major obstacles” before June. Dimitris Melas, head of equity research at MSCI, provider of the benchmark MSCI Emerging Markets index, gave a downbeat assessment on Thursday of the prospects for China’s A-shares to be included in the index next year in […]
Iuna Al Hashemi remains remarkably calm as she discusses the “very challenging” business year for Bahrain’s national telco, Batelco. Once a monopoly, Batelco is now facing a crowded market, with strong competition from Kuwait’s Zain and Saudi Telecom Company-owned VIVA, as well as about ten internet providers for 1.4 million residents. Current economic conditions are making it increasingly difficult to keep up margins. Batelco Group, the […]
When the UAE implements its framework for public-private partnerships, as announced earlier this month, there will be a list of potential projects up for grabs. But none is more urgent than the commuter corridor between Dubai and Sharjah. Conspicuously neglected, Al Ittihad Road is arguably the worst bottleneck in the country, if not the region. The three-lane highway is guaranteed to turn into a car park — […]
The pace of global debt sales this year is running at a record level, surpassing $6tn this week, as companies from Pfizer to MasterCard rush to lock in borrowing costs on fears that a Donald Trump stimulus package will send interest rates even higher. A flurry of new sales this week caps a tumultuous period for bond investors, who are counting more than $1.5tn of losses, as […]
19 November 2016 • 46 Emirati enterprises from diverse sectors among beneficiaries• “Our goal is to boost SME productivity and sustainability,“ says Abdul Baset Al Janahi• Dubai Holding CEO: We are aligned with the government’s agenda to develop the SME sector, and committed to supporting Emirati entrepreneurs Dubai, 19 November 2016: Members of Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and […]
By Rosalba O’Brien and Mitra Taj | LIMA LIMA Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP). After lower-level meetings, U.S. President Barack Obama, Chinese President Xi Jinping, and Russian President Vladimir Putin were due to arrive at the Asia-Pacific Economic Cooperation […]
Pacific Rim leaders pledged on Friday to resist a new wave of protectionism as US President-elect Donald Trump loomed large over the opening of the 21-country Asia-Pacific Economic Co-operation summit. Mr Trump’s surprise victory in this month’s US presidential election has upended the Obama administration’s plans for a Trans-Pacific Partnership with Japan and 10 other countries and opened the door to Chinese rivals. It has also raised […]
From Fortress Capital: Let’s face it – investing is difficult! Gone are the days of saving for retirement. The average savings account in the USA pays less than 1%. Fortunately for most investors the stock market has been going up and up, but it’s going to correct (it always does). But it hasn’t been a good ride for all investors. Many retirees now living off their retirements are […]
