March, 2016

• 23 March

  Experts urge ME energy firms to invest in risk management

  

  RITIKA SHARMA / Emirates Business Irrespective of dropping revenues due to oil slump, energy firms should maintain their investment in risk management in order to reduce the potential for future major incidents and insurance claims, industry experts suggest. Due to the known successive correlation between oil price falls that resultantly lead to insured losses, experts are calling upon energy firms ...

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• 23 March

  Canada takes economy headon with C$120 billion in deficits

  

  Bloomberg As an opposition lawmaker in Canada’s parliament seven years ago, Justin Trudeau criticized former Prime Minister Stephen Harper for making government “totally absent from the defining issues of our time.” In his first budget as prime minister released on Tuesday, Trudeau put the federal government back at the center of the nation’s economy with almost C$120 billion ($92 billion) ...

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• 23 March

  Fed to meet 2% inflation goal

  

  Bloomberg The Treasury market is signaling inflation expectations are rising, and one metric shows traders anticipate cost increases will reach Federal Reserve Chair Janet Yellen’s 2 percent target. The difference between yields on one-year U.S. government securities and same-maturity Treasury Inflation Protected Securities, a gauge of trader expectations for consumer prices over the life of the debt, climbed to 2.11 ...

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• 23 March

  EU’s 10-fold boost to Argentine sunseed imports

  

  Bloomberg The European Union is buying more sunflower seeds from Argentina, the world’s fourth-largest producer, as a cut in export taxes and a weaker peso make imports cheaper. Shipments into the EU may be up to 10 times bigger in the 2015-16 season ending in July compared to a year earlier, said Veysel Kaya, founder of brokerage and consultancy Sunseedman ...

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• 23 March

  Brazil’s mid-March inflation slows more than all forecasts

  Bloomberg Brazil’s inflation slowed more than all analysts forecast in the month through mid-March as joblessness rises and the economy heads toward its second straight year of contraction. Inflation as measured by the IPCA-15 index decelerated to 0.43 percent from 1.42 percent a month earlier, the national statistics agency said on Wednesday. That compares with the median estimate from 37 ...

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• 23 March

  Obama visit a boost to Argentina as it returns to global markets

  

  Bloomberg Barack Obama will be the first U.S. president to visit Argentina in more than a decade as his counterpart Mauricio Macri seeks a rapprochement with the international community following a decade of financial and diplomatic isolation. Obama, arriving from an historic state visit to Cuba, will meet with Macri and is scheduled to attend a business forum in Buenos ...

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• 23 March

  ‘No foreign powers should have say in Syria peace talks’

  

  Geneva / AFP No foreign power should be permitted to interfere in the ongoing Syrian peace talks in Geneva, the lead government negotiator said, denying that high-level US-Russian meetings in Moscow will impact the process. “When we say that the dialogue must be between Syrians, without outside intervention, this also applies to the Russians and Americans,” Bashar Al Jaafari said. ...

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• 23 March

  US strike on Yemen camp killed 40 Qaeda militants

  Aden / AFP A US air strike on an Al Qaeda training camp in southeastern Yemen killed at least 40 militants, a provincial official and a tribal source said on Wednesday. Another 25 militants were wounded in the Tuesday strike on the camp in Hajr, west of the Hadramawt provincial capital Mukalla, the provincial official said. The Pentagon had spoken ...

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• 23 March

  IS trio held in Turkey planned to attack German interests

  Beirut / AFP Three suspected IS members arrested in Turkey were planning attacks on Germany’s diplomatic missions or schools in the country, which were closed last week over a terror threat, Turkish media reported on Wednesday. The three men—a Turk, an Iraqi and a Syrian—were arrested in Istanbul on Tuesday by police acting on information from both Turkey’s and Germany’s ...

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• 23 March

  Taiwan holds tour of ‘disputed island’ in bid to boost claim

  

  Naypyidaw / AFP Taiwan on Wednesday gave its first ever international press tour of a disputed island in the South China Sea to boost its claim, less than two months after a visit by its leader sparked protests from rival claimants. Taiping is the largest island in the Spratlys chain and is administered by Taiwan, which sees it as part ...

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