NEW YORK / Bloomberg Morgan Stanley, one of the Wall Street banks that deals directly with the Federal Reserve, cut its bond yield forecasts for 2016 and said the US central bank will wait until December before raising interest rates. “The global backdrop for rates markets looks so supportive that 2016 may become known as the ‘Year of the Bull,’” according ...

Bloomberg China Overseas Land & Investment Ltd. said it will buy the Chinese residential property assets held by Citic Ltd. for about 31 billion yuan ($4.8 billion), as it expands its presence across the nation’s cities amid surging land prices. China Overseas will sell 1.1 billion shares at HK$27.13 each to the Citic companies as part of the transaction, it ...

Bloomberg Anbang Insurance Group Co.’s $6.5 billion agreement to buy 16 U.S. luxury resorts and hotels from Blackstone Group LP marks a record transaction for Chinese buyers of American real estate, showing the strong appetite for high-profile properties viewed as stable investments. The pending acquisition of Strategic Hotels & Resorts Inc. will give Anbang ownership of trophy properties across the ...

Emirates Business High rents, extortionate school fees and increasing levels of consumer debt, are prompting a growing number of the UAE’s expat community to re-think their spending patterns. One of the ways they adopt to rein in their financials is to buy second-hand goods. Many of them earn a few bucks by selling some of their own unwanted items too, ...

Dubai / Emirates Business As a leading financial institution, Mashreq continues to be recognized in the global banking space, winning three of the foremost industry awards in 2016 — Best Retail Bank UAE, Best Digital Bank UAE and Best Customer Experience UAE. These were all conferred from The Global Banking and Finance Review which recognizes the financial institutions around the ...

Emirates Business Health, teamwork, persistence and overcoming hurdles encompass the enthralling and exhilarating tenets of the Active Zone in the upcoming Mother of the Nation festival, which marks reverence to all mothers and their focus on developing healthy families and encouraging teamwork. Organised by Abu Dhabi Tourism & Culture Authority and being held along the Abu Dhabi Corniche Beach from ...

Emirates Business Marka PJSC, the first public joint stock retail operator in the UAE, announces a strategic partnership with Shiseido, the leading Japanese Beauty brand, marking the launch of the region’s first Shiseido Beauty Boutique, located at Dubai’s premier outdoor retail space, City Walk Phase II due to open in Q2 of 2016. Nick Peel, Marka’s CEO, commented, “It’s an ...

Emirates Business Majority of respondents in Qatar (nearly 60 percent) expect business conditions to improve in the next year, while 43 percent expect the country’s overall economy to improve in the near future, according to a latest survey. When it comes to the cost of living in the next six months, 71 percent of respondents expect it to increase, while ...

Ronald Dworkin, the legal philosopher who died in 2013, famously used a metaphor once to explain the core of his thinking on the philosophy of law. In the context of American common law and constitutional interpretation, Dworkin analogized the role of judges as the writers of a “chain novel.” The law, per Dworkin, was a collective novel, composed by a ...

The anti-Donald Trump brigade is banking on defeating him this week in Ohio, and possibly Florida, paving the way for an “open” convention that would deny him the Republican presidential nomination and avoid what it believes would be a general election debacle. This is an uphill climb under any scenario and probably impossible if Trump wins both states on Tuesday. ...