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Bloomberg Sweden’s central bank wants to track a different consumer-price gauge and introduce a tolerance band in a move that will give policy makers more leeway to unwind stimulus after half a decade of below-target inflation. The world’s oldest central bank wants to start targeting an index called CPIF, which factors out changes to mortgage costs, instead of the headline ...
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May, 2017
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15 May
Mohamed, Trump meet at White House
Washington / Agencies His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has arrived at the White House where he was received by US President Donald Trump. President Trump welcomed the visit of HH Sheikh Mohamed and his accompanying delegation. The delegation includes HH Sheikh Tahnoun bin ...
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15 May
92 companies listed at ADX, DFM post AED18.4bn profits
ABU DHABI / WAM A total of AED 18.4 billion of Q1 profits were reported by 92 companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) a growth of 13 percent from AED16.2 billion in the same period last year. Fifty five companies listed at ADX posted Q1 profits of AED10.7 billion, a growth of 27.3 ...
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15 May
Abu Dhabi Airports wins three awards
Abu Dhabi / Emirates Business At a ceremony held in Abu Dhabi by the Chartered Institute of Procurement and Supply Awards, Abu Dhabi Airports’ Procurement and Logistics Department has won three prestigious awards: Best Supplier Relationship Management; Most Innovative Use of Technology; and Acting Chief Support Officer, Saeed Al Zaabi was named ‘CIPS Procurement and Supply Professional of the Year.’ ...
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15 May
A survival guide to abuse of power
On Tuesday night, a few hours after President Trump’s sudden announcement that he was firing FBI Director James Comey, a prominent Republican politician gave me this simple, blunt assessment of the Trump White House: “These guys scare me.” Trump’s impulsive, vengeful decision to dump Comey has scared a lot of people. It suggests a pent-up anger and lack of judgment ...
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15 May
Price-to-truth ratio shows India’s banks are turning Chinese
The investment metric on which Indian banks appear most eager to ape their Chinese peers is the price-to-truth ratio. While investors know better than to take the People’s Republic’s published bad loan ratio of 1.74% at face value, they have been reasonably certain that Indian lenders are more honest, following a 2015 review of asset quality by the central bank. ...
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15 May
London after Brexit isn’t just about jobs only
Britain’s new relationship with the European Union is still a long way from being settled, but Brexit has started a process that is bound to hurt the City of London. Earlier this month, the European Commission launched a review of the rules governing one of the City’s lucrative lines of business — the clearing of derivatives denominated in euros. The ...
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15 May
Nuclear-capable N Korea is in nobody’s interest
North Korea test-fired yet another ballistic missile on Sunday in a stark defiance of United Nations sanctions and US warning that a policy of patience was over. It was a new ground-to-ground medium long-range strategic ballistic rocket Hwasong-12. It came days after South Korea’s newly elected president Moon Jae-in vowed to engage with North Korean leader Kim Jong-un. The missile ...
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15 May
Don’t expect the next generation to save liberalism
At a victory rally for France’s young new President Emmanuel Macron outside the Louvre last week, I was struck by the generational gap between the candidate and his most animated supporters. Most younger people in the crowd looked relieved but far from overjoyed; the most visibly enthusiastic among them were of West African or Arab descent. And when Macron took ...
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15 May
Hyperactive bond markets hit a bump
It was fun while it lasted. For a few quarters, it seemed as though the bond-trading business was back in force, with trading volumes accelerating to records on the heels of a flood of new debt sales and more uncertainty about the US economy. Most of the big US banks enjoyed better-than-expected earnings in the first three months of the ...
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