May, 2016

• 3 May

  Brexit referendum mystifies British CEOs bracing for impact

  

    Bloomberg More expensive iPhones, fewer foreign home buyers and a whole lot of unknowns — that’s what some U.K. corporate bosses say the country can expect if it votes to leave the European Union. In February, nearly 200 chief executive officers signed a letter calling for Britain to stay. Others say the country should leave, though many have declined ...

  Read More »
• 3 May

  Gasoline usage in USA rises most in nearly four decades

  

    Bloomberg U.S. gasoline demand rose at the fastest annual rate in almost 40 years in February as stronger economic growth and cheap fuel prices spur driving in the world’s biggest oil consumer. The Energy Information Administration said late on Friday that U.S. gasoline demand rose to 9.2 million barrels in February, up 556,000 barrels a day from a year ...

  Read More »
• 3 May

  Trump as USA prez would curb inward investment: Survey

  

    Bloomberg Foreign corporations would dramatically scale back their plans to invest in the U.S. if billionaire Donald Trump is elected president, according to a survey conducted in January for global management consulting firm A.T. Kearney. The election of a populist such as Trump or Vermont Senator Bernie Sanders would prompt fewer companies to increase their spending in the U.S. ...

  Read More »
• 3 May

  Slowdown hits home in South America’s wealthiest economy

  

    Bloomberg Chile’s jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labour market, signaling stronger headwinds for South America’s wealthiest economy. Unemployment rose to 6.3 percent from 5.9 percent in the month-earlier period and from 6.1 percent the year earlier, the statistics agency reported, compared with the ...

  Read More »
• 3 May

  Brazil’s $2 billion intervention makes Real world’s worst loser

  

    Bloomberg Brazil’s real led losses among its most-traded peers as the central bank intervened to weaken the currency in a bid to slow this year’s rally and support exporters. The real dropped 1.9 percent to 3.5017 on Monday, making it the world’s worst-performing currency after Libya’s dinar. The loss came after the monetary authority sold 40,000 reverse swaps, a ...

  Read More »
• 3 May

  A vote to stay in the EU isn’t a vote for Europe

  

  The biggest misconception about next month’s referendum on Britain’s membership of the European Union is that it will put the issue to rest. That’s unlikely. Whichever way the vote goes, Brexit isn’t going away. The referendum on Scottish independence is a good guide to what’s coming. Scots in 2014 voted with their heads not their hearts to stay in the ...

  Read More »
• 3 May

  When sentiment conflicts with investing reality

  Barry Ritholtz It is never wise to ignore market, economic or voter sentiment. Discount it, yes. Put it into broader context, for sure. But ignore it at your peril. As too many retailers, fund managers and politicians have discovered, the public is often a good barometer of what is occurring in the broader economy. But not always: the public can ...

  Read More »
• 3 May

  Nepal’s military tries its hand at investing

  

    Samridhi Pant SPECIAL TO EMIRATES BUSINESS Over the past six months, the Nepal Army (NA) has stepped up its engagement with the country’s economy. First, in December 2015, the NA declared that it will invest in a hydropower project for the first time. Then, on March 2016, the NA – in another first — got permission from the government ...

  Read More »
• 3 May

  Stocks slide on lackluster growth as Yen advances

  

    BLOOMBERG Stocks slid with U.S. equity-index futures and the yen advanced with Treasuries as evidence of limp economic growth around the world permeated through global financial markets. Europe’s main stock-market index tumbled for a third day. The Japanese currency rose against all of its major counterparts except the Swiss franc. Gold advanced to a 15-month high and oil fell ...

  Read More »
• 3 May

  Emirates Securities Market down by -1.56 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.56% to close at 4458.28 points. Accordingly the Market Capitalization has lost AED 11.46 billion attaining AED 723.19 billion. A total of 0.5 Billion Shares were traded with a total value of AED 0.65 billion during the trading session of 03-05-2016 through 7769 transactions. The number of companies ...

  Read More »