Young Chinese jet set shop at Hong Kong’s Art Basel
Author: Agence France PresseThu, 2017-03-23ID: 1490254848479216000HONG KONG: Huang Xiaoshuai and his wife last year splashed out $70,000 for a large painting of fish by Oscar-winning actor Adrien Brody — part of a growing clique of young, affluent Chinese art enthusiasts building their own high-end collections.The picture now hangs in their Shanghai home and the couple, along with […]
Global integrated oil and gas sector outlook turns positive: Moody’s
Author: Arab NewsThu, 2017-03-23ID: 1490207301243114100JEDDAH: Moody’s Investors Service (Moody’s) has changed its outlook on the global integrated oil and gas sector to positive from stable as higher profits from upstream operations fuel a faster recovery in earnings growth.“We expect earnings growth for the global integrated oil and gas industry of between 13 to 18 percent this year, […]
Brexit banks set to avoid lengthy euro zone test
Author: ReutersThu, 2017-03-23ID: 1490207301133113800FRANKFURT: Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter.The European Central Bank (ECB) has had many inquiries from British-based banks wanting to come […]
Protectionism may raise trade deficits: ECB
Author: ReutersThu, 2017-03-23ID: 1490207301123113500FRANKFURT: Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank (ECB) said in a study on Wednesday, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade.Seeking to reduce a large trade deficit, US President Donald Trump’s administration has proposed […]
India tries to fix Iran trade payments as Trump hardens line
Author: ReutersThu, 2017-03-23ID: 1490207301093113200NEW DELHI: India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the US imposes a fresh financial embargo.President Donald Trump has denounced an agreement between Iran and major powers on its […]
ACWA Power keen to buy assets from Saudi Electricity
Author: ReutersThu, 2017-03-23ID: 1490207259143103900DUBAI: Riyadh-based ACWA Power said it expects the first of four power generation companies owned by Saudi Electricity Co. (SEC) will be offered to the market by the year-end, as the Kingdom presses ahead with its overhaul of the state sector. The world’s largest oil exporter plans to split up the state-controlled utility into […]
Japan’s February trade surplus hits multi-year high
Author: ReutersThu, 2017-03-23ID: 1490207259173104500TOKYO: Japan’s trade surplus hit a multi-year high in February, government data showed Wednesday, as exports to China rebounded after a Lunar New Year lull.The value of Japan’s total shipments abroad rose 11.3 percent, the most in two years, on strong demand for vehicle components and electronic parts, while imports grew 1.2 percent.That resulted […]
Oil prices slide on bulging American crude inventories
Author: ReutersThu, 2017-03-23ID: 1490207259163104200LONDON: Oil prices slipped back to three-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on the Organization of the Petroleum Exporting Countries (OPEC) to extend output cuts beyond June.A deal between OPEC and some non-OPEC producers to reduce output by 1.8 million barrels per day (bpd) […]
TRS-backed nominee wins Hyderabad Teachers' MLC seat – Outlook India
TRS-backed nominee wins Hyderabad Teachers’ MLC seatOutlook Indiahyderabad, Mar 23 The ruling TRS-backed MLC Katepally Janardhan Reddy was re-elected to the Telangana Legislative Council from the Hyderabad-Rangareddy-Mahbubnagar Teachers constituency. Reddy, who contested as the nominee of the …
Hyderabad HC steps in – The Hindu
Cricbuzz Hyderabad HC steps inThe HinduHyderabad: A division bench of the Hyderabad High Court comprising Acting Chief Justice Ramesh Ranganathan and Justice Shameem Akther on Thursday appointed Justice Anil R. Dave, a retired judge of Supreme Court, and Justice G.V.Seethapathy, …IPL is on in Hyderabad, confirms HCA secretaryCricbuzzIPL 2017: Sunrisers Hyderabad complete squad, key players and […]
