March, 2016

• 9 March

  Iran tests more missiles in defiance of USA sanctions, fresh warnings

  

  Tehran / AFP Iran fired two more long-range ballistic missiles on Wednesday as it continued military tests in defiance of US sanctions and fresh warnings from Washington. Coming just weeks after the implementation of Iran’s historic nuclear deal with world powers, this week’s multiple missile tests were described by Iran’s powerful Revolutionary Guards as a show of force in the ...

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• 9 March

  Turkey denies begging the EU for money in migrant deal

  

  Ankara / AFP Turkey’s foreign minister on Wednesday rejected the idea Ankara was “begging” the EU for money, after it dramatically doubled its demand for funding during crunch talks on Europe’s migrant crisis. The European Union and Turkey clinched a deal in November for three billion euros ($3.3 billion) in funds for refugees in return for Ankara’s cooperation in tackling ...

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• 9 March

  Kim’s miniaturised N-warheads claim

  Seoul / AFP North Korean leader Kim Jong-un said his country has successfully miniaturised a thermo-nuclear warhead, as Pyongyang on Wednesday continued to talk up its nuclear strike capabilities amid rising military tensions on the Korean peninsula. While the North has boasted of mastering miniaturisation before, this is the first time Kim has directly claimed the breakthrough that experts see ...

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• 9 March

  Finding ideas to pick up where Abenomics left off

  

  If there’s one country that needs creative economic policy solutions, it’s Japan. With many observers saying Abenomics has stalled after a year of weak economic performance, plenty of people are asking what’s next — or has Japan run out of ideas? The backdrop doesn’t look great. The country is experiencing an unprecedented decline in population. The national debt is mounting. ...

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• 9 March

  China finds that golf carts are better than Teslas

  

  When Elon Musk closes his eyes and imagines the future of electric cars, he probably doesn’t see city streets jammed with golf carts. The Chinese government does. It’s drawing up plans to regulate plug-in vehicles with maximum speeds of 43 miles per hour. Included in that category are a vast range of vehicles that ply China’s countryside and smaller cities, ...

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• 9 March

  European stocks advance with commodities as Euro, gold dip

  

  BLOOMBERG Stocks traders put declines in Asia behind them as European markets rose with U.S. index futures and commodities. Government bonds fell, gold slid and the euro weakened. European shares advanced for the first time in three days on speculation the region’s central bank will ramp up monetary stimulus on Thursday. A gauge of raw materials rebounded from its biggest ...

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• 9 March

  Emirates Securities Market down by -0.11 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.11% to close at 4569.00 points. Accordingly the Market Capitalization has lost AED 0.82 billion attaining AED 741.15 billion. A total of 360.74 Million Shares were traded with a total value of AED 490.42 million during the trading session of 09-03-2016 through 4783 transactions. The number of companies which ...

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• 9 March

  HSBC leads in UK banks’ deficit of bail-in debt

  

  London / Bloomberg Three UK banks, led by HSBC Holdings Plc, will have $77 billion of new loss-absorbing debt to meet requirements of the European Union and the Bank of England, Moody’s Investors Service said. Barclays Plc, Royal Bank of Scotland Group Plc and HSBC will have to issue new debt to comply with the EU’s ‘minimum requirement for own ...

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• 9 March

  Citi’s warning drags down US bank shares

  

  BLOOMBERG Citigroup Inc. joined US rivals in signalling another dismal start to the trading year, spurring a slide in Wall Street bank stocks. First-quarter revenue from fixed-income and equity trading will probably drop 15 percent, Chief Financial Officer John Gerspach said during an investor presentation. That would make 2016 the fourth straight year that the company’s revenues from those operations ...

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• 9 March

  Banks face billions in collateral needs under EU swap rules

  

  Bloomberg Europe’s biggest banks will need billions of dollars to meet collateral requirements for derivatives starting this year under the latest version of a key rule that seeks to reduce risk. The standards, which will be phased in from September, may require EU buyers and sellers of swaps to set aside between 200 billion euros ($220.5 billion) and 420 billion ...

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