February, 2017

• 8 February

  RBA likely to cut than raise rates, UBS’s Anderson says

  

    Bloomberg Australia’s central bank is more likely to cut interest rates than raise them if it moves at all this year, while an appreciating local dollar could make economic conditions tougher for industries outside mining, UBS Group AG’s Anne Anderson said. “Should they need to ease, I think it’s more likely that they would have to take a more ...

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• 8 February

  Fear of cyber hacks triggers networking startup boom

  

    Bloomberg Of all the lasting effects of Edward Snowden’s leaks, there’s one photo that leaves a particularly strong mark. In it, US federal employees in T-shirts and blue jeans are seen intercepting network equipment from Cisco Systems Inc. at a shipping facility. The feds in the photo, their faces obscured, were reprogramming the machines to spy on people’s activities. ...

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• 8 February

  Ericsson showcases 5G, IoT, Cloud tech at BITEX Bahrain

  

    Bloomberg Ericsson presented its latest 5G, IoT and Cloud solutions at the 7th edition of the leading ICT event in Bahrain (BITEX), which is being held from February 7- 9. BITEX Bahrain was a great opportunity for Ericsson to introduce its capabilities and vision of the Digital Transformation journey, along with the introduction of 5G and IoT to the ...

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• 8 February

  Sony launches advanced controller for PTZ cameras

  

    DUBAI / Emirates Business Sony’s new RM-IP500 remote controller gives operators easier and more intuitive control of its latest pan-tilt-zoom (PTZ) cameras in a range of applications including lecture capture for education, event production and broadcast. The RM-IP500 controller is designed to work with Sony’s new BRC-H800, BRC-H900, BRC-X1000, and SRG-360SHE PTZ cameras as well as the new MCX-500 ...

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• 8 February

  Skip the checkout line with ‘Primo’

  

    Bloomberg In the 2003 documentary Living With Michael Jackson, the late King of Pop was filmed shopping for art and furniture in a Las Vegas store, pointing at things he liked and walking out, leaving his handlers to settle the bill. Now, a startup in Japan is trying to make that retail experience a reality for everyone. Primo’s app ...

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• 8 February

  Apple hits out at Aussie banks over Apple Pay boycott motive

  

    Bloomberg Apple Inc. has stepped up its battle with Australia’s banking industry over the future of mobile payments, accusing an industry consortium of attempting to “delay or even block” the expansion of Apple Pay into the country. In its latest submission to the Australian Competition & Consumer Commission, Apple said it was concerned banks are seeking to “delay the ...

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• 7 February

  Egypt, Dubai stock markets up; Kuwait’s pull-back deepens

  

    DUBAI / Reuters Strong corporate earnings in Egypt and Dubai buoyed those markets on Tuesday, while Kuwait continued pulling back on profit-taking after a bullish run last month. Cairo’s Palm Hills Development soared 9.2 percent to 3.08 Egyptian pounds after it reported fourth-quarter consolidated net profit after minority interests of 235 million pounds ($12.7 million) versus 169 million pounds ...

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• 7 February

  US shares climb as Dow sets record on industrial-stock rally

    Bloomberg U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health. The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The ...

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• 7 February

  Discounts on Turkish stocks show rally has legs, GAM’s Love says

    Bloomberg Turkish stocks could still have another 10 percent to gain, despite a rally so far this year that has propelled them to a place at the top of global indexes. A combination of depressed valuations, central-bank efforts to support a declining currency and improved sentiment toward riskier assets has driven the benchmark Borsa Istanbul 100 Index 12 percent ...

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• 7 February

  Mohammed: Future is in hands of UAE youth

  

    DUBAI / WAM The future is in the hands of UAE youth, and they are the bet of the country for a brighter future, said Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, during a toured on Tuesday of the Youth Achievements Exhibition. The event is organised ...

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