Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]
BD 1.2 million (US$3.2 million) net profit for the three months ending 31 December, 2016 BD 4.3 million 2016 profit as customer base nears one million milestone BD 1.2 million (US$3.2 million) net profit for the three months ending 31 December, 2016 Manama – 31 January, 2016 Zain Bahrain (Ticker: ZAINBH), a telecom innovator focused on enhancing customer experience, reported a 22% surge in its customer […]
Royal Dutch Shell has struck deals worth up to $4.7bn to sell offshore oil and gas assets in the North Sea and Thailand, adding momentum to the debt-reduction programme launched after its $50bn takeover of BG Group. The Anglo-Dutch group said on Tuesday it had agreed to sell a package of UK North Sea assets to Chrysaor, a small British company backed by EIG Partners, a US […]
The great Trump reflation story, which points to strong equities, weak bonds and a highly valued dollar, is by now thoroughly entrenched in the minds of global investors. Not without reason. But when conviction is near-universal in markets it makes sense to ponder what investors might be missing. For my money the most likely flaw in this narrative relates to the cost of protectionist policies. There is […]
By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]
Indian Finance Minister Arun Jaitley is set to present the federal budget on Wednesday, when the government will reveal its plans to steer the economy out of a self-inflicted slowdown. New Delhi’s move in November to crack down on corruption and tax avoidance by voiding 86% of high-value bank notes slammed the brakes on economic activity and threatens to snatch away India’s coveted position as the world’s […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
Leaders in Iran and Iraq, two of the countries targeted by Mr. Trump’s order, issued furious denunciations on Sunday and vowed to take retaliatory measures. But the silence in the capitals of Muslim-majority countries unaffected by the order reflected a lack of solidarity and an enduring uncertainty about the direction that Mr. Trump’s foreign policy might take in some of the world’s most volatile corners. Continue reading […]
Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]
London Business School’s leading thinkers give us their views on the challenges and opportunities that businesses will encounter in 2017. Disruptive opportunities “2017 will be the year of disruption,” says Costas Markides, professor of strategy and entrepreneurship and executive education faculty director. “Every industry will be affected by some kind of discontinuity or disruption – whether it’s the invasion of new business models or the arrival of […]
GE Healthcare and its partner Advanced Technology Company to provide advanced diagnostic imaging and digital technology Aligned with the National Development Plan to modernize Kuwait’s healthcare infrastructure 30 January 2017 Kuwait City, Kuwait – A partnership between GE Healthcare and Advanced Technology Company (ATC) has been selected as the key medical technology provider for five new Ministry of Health hospitals in Kuwait as part of the Ministry’s […]
The world’s largest technology companies condemned Donald Trump’s executive order on immigration after coming under pressure to speak out from employees. Leaders of companies including Apple, Google and Facebook sent emails to their workforces attacking the move to block refugees and entry to the US from seven Muslim-majority countries. Tim Cook, Apple chief executive, said the company had told the White House the company did not support the policy. […]
DUBAI // As professional cycling teams power through the streets of Dubai this week, one group of riders will carry a special message of hope for the country’s many diabetics. Team Novo Nordisk is making its third appearance in the Dubai Tour, which begins from the Marina Club on Tuesday with a 181-kilometre opening stage. The team is the world’s first all-diabetic professional cycling outfit and was […]
GE Healthcare’s latest advanced solutions designed to accelerate sustainable healthcare development, now on show at Arab Health 2017 As demand for better healthcare grows, GE firmly committed to partnering with governments and private providers to upgrade health infrastructure and build capacity across the region Tackling breast cancer, GE’s, new Senographe Pristina system, launched at Arab Health, reduces discomfort, pain and anxiety of a mammogram Jeddah; […]
He also called the United States a “haven” for many athletes hoping to train outside their home countries. Continue reading the main story “Most of our athletes from St. Lucia train in the States,” Mr. Peterkin said. “We don’t have an issue because we’re not on that list of seven, but if we were — there go hopes and dreams.” On Saturday evening, a federal judge blocked […]
American actor and Top Gear host Matt LeBlanc, who was in Dubai over the weekend to film a segment for the 24th season of the BBC’s beleaguered motoring show, is in the hot seat. While details of the Top Gear shoot in the UAE remains under wraps, sources with knowledge of the production said that LeBlanc will be featured as part of a plot where Top Gear’s […]
They were among an estimated 110,000 people in line to be processed for resettlement in the United States during this fiscal year. In fact, they thought they had already made it through the rigorous vetting procedure and, after years of waiting, were on the verge of having their hopes realized. Continue reading the main story Now, all are suddenly, indefinitely waiting again, barred from entry to the […]
newslide Marvel’s Black Panther filming gets underway Marvel Studios has announced that filming has begun on its latest superhero epic which for the first time will feature a black actor, Chadwick Boseman, in the lead role. The news comes just after a record number of black actors were nominated for this year’s Oscars and as Hollywood pushes for more diversity. Boseman will play the lead role in […]
Home Appliance & Air Solutions and Home Entertainment Divisions Post Highest Ever Operating Profits in 2016 Saudi Arabia – 26 January 2017 LG Electronics Inc. (LG) today announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG reported revenues of KRW 55.37 […]
A brief analysis of history suggests that the people, systems and organisations most responsive to change tend to be the most successful, which is directly relevant to the various structural reforms currently being introduced across the region. As governments respond to lower oil prices, the past year has seen a slew of regulatory reforms that will help diversify national economies. The Arab world’s largest economy, Saudi Arabia, […]
(The 19 hijackers implicated in the Sept. 11, 2001, terrorist attack came from Egypt, Lebanon, Saudi Arabia and the United Arab Emirates. None of those countries will be subject to what Mr. Trump described as “new vetting measures.”) Continue reading the main story During the 90-day period, the Trump administration will assess if the foreign governments on the list are providing enough information about citizens seeking visas […]
Barilla, the world’s leading pasta brand, has announced regional expansion into Saudi Arabia in partnership with Mayar Foods for distribution of its Italian products through retailers across the kingdom. The pasta market size in Saudi Arabia is 55 thousand tonnes with nearly 2kg consumption per capita per year and the numbers continue to grow, the company said in a statement. The Italian family founded company said it […]
Mexico has been in the crosshairs this week as US president Donald Trump held true to his campaign rhetoric and ordered the construction of a wall along the Mexican border, with White House press secretary suggesting a 20 per cent tax on imports could pay for it. With relations between the two countries on course for crisis, has Mr Trump done enough to scare investors away from […]
Baghdad, Iraq; January 26, 2017 GE has further strengthened its collaborations in Iraq to support the country’s power infrastructure, and to meet the growing need for electricity from people and industry. GE signed agreements that will add over 2 gigawatts (GW) of power, and secure the delivery of ~1.75 GW of existing power to the national grid, to strengthen the nation’s power infrastructure. GE will set up […]
