Apple drives further into Facebook, Snap territory with video app
Author: Stephen Nellis | ReutersWed, 2017-03-22ID: 1490124188494390700SAN FRANCISCO, US: With the release of a new video app called Clips, Apple Inc. is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc’s Snapchat and Facebook Inc’s Messenger.Clips, which will hit Apple’s App […]
Oil prices climb on talk that OPEC could extend supply cut
Author: ReutersWed, 2017-03-22ID: 1490123555254339500 LONDON: Oil prices climbed on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers agreed to cut production from Jan. 1 by 1.8 million […]
Emirates Global Aluminium plans IPO, banks pitch for role
Author: ReutersWed, 2017-03-22ID: 1490123554924338600 DUBAI: Emirates Global Aluminium (EGA), one of the world’s top five producers, has invited banks to pitch for a role in its planned initial public offering, sources told Reuters. The IPO could take place later this year, on either the Dubai or Abu Dhabi stock exchange, but the size of the offering has […]
Asian deals seen helping Aramco valuation ahead of IPO
Author: ReutersWed, 2017-03-22ID: 1490123554814338300 SINGAPORE: Saudi King Salman’s tour of Asia had a determined marketing mission — to cement the Kingdom’s place as leading oil supplier to the world’s biggest consumer region. The string of deals inked on his three-week tour to Malaysia, Indonesia, Japan and China also point to a fresh strategy, one to increase Saudi […]
Egypt aims to raise 6bn pounds from sale of stakes in state firms: Minister
Author: ReutersWed, 2017-03-22ID: 1490123555144339200CAIRO: Egypt aims to raise 6 billion pounds ($329 million) from the sale of stakes in state companies in the 2017/18 financial year, Finance Minister Amr El-Garhy told Reuters, part of government efforts to generate revenue and attract investors.He did not specify which companies would be involved, or the size of the stakes which […]
EU deplores ‘surreal’ stand by US on world trade
Author: AFPWed, 2017-03-22ID: 1490123555034338900BRUSSELS: EU finance ministers on Tuesday deplored the “surrealist” stand on world trade taken by the US at a tense G-20 meeting over the weekend.In a first taste of what Trump’s presidency means for the world economy, the G-20 failed to get Washington to sign off on a traditional pledge to reject protectionism at […]
Asian shares at 21-month high, dollar soft on less hawkish Fed
Author: ReutersWed, 2017-03-22ID: 1490123040664261600TOKYO: Asian shares hit 21-month highs on Tuesday while the dollar and US bond yields were on the back foot on the prospect of a less-hawkish Federal Reserve policy trajectory.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent to 21-month highs, with tech-heavy Seoul and Taipei shares hitting two-year highs while Hong […]
US group seeks better access to China’s farm goods market
Author: APWed, 2017-03-22ID: 1490123040624261300BEIJING: An American business group appealed to China on Tuesday to ease import restrictions on agricultural goods including genetically modified seeds and other biotechnology, highlighting complaints Beijing blocks market access despite its vocal support for free trade.The American Chamber of Commerce in China wants a quicker review of foreign biotechnology products, an end to […]
Norway’s wealth fund says ethics profile has cost $1.4bn in a decade
Author: ReutersWed, 2017-03-22ID: 1490123040554260700OSLO: Norway’s $915-billion sovereign wealth fund, the world’s largest, is earning less money because of divestments it has made over the past decade due to ethical considerations, it said on Tuesday.The fund, which funnels the proceeds of Norway’s oil and gas production, invests in close to 9,000 companies worldwide.It is forbidden by law from […]
Hyderabad varsity inks pact with NATFM – Outlook India
Hyderabad varsity inks pact with NATFMOutlook Indiahyderabad, Mar 22 An agreement has been inked between the University of Hyderabad (UoH) and the National Academy of Telecom Finance and Management (NATFM) to jointly offer Post Graduate Diploma in Telecom Technology and Management …and more »
