July, 2016

• 30 July

  Clinton-Kaine ticket takes economy message on the road

  

    Bloomberg Hillary Clinton called her race against Donald Trump the highest-stakes U.S. presidential race in her lifetime as she rallied with her running mate, Senator Tim Kaine, for the first time as the Democratic nominees for president and vice president. “There’s no doubt in my mind that every election in our democracy is important in its own way,” Clinton ...

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• 30 July

  With new US factory, Daimler skirts tariffs…and unions

    Detroit / AFP German automaker Daimler AG broke ground this week on a $500 million plant in Charleston, South Carolina to build vans, with the company hoping at last to avoid steep US import tariffs. When the factory comes online by the end of the decade, it may also help the company pay lower wages and circumvent labor unions. ...

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• 30 July

  Carney takes second look at Brexit

  

    Bloomberg Take Two at the Bank of England means action. That’s the conclusion of almost all economists surveyed by Bloomberg, who predict the central bank’s second decision since Britain’s vote to leave the European Union will involve an interest-rate cut. Such a move would see Governor Mark Carney delivering on his summer stimulus signal after officials shocked investors by ...

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• 30 July

  Central Bank ignores president’s plea, moves to lift Colombia rate

  

    Bloomberg Colombia’s central bank ignored a last minute plea by President Juan Manuel Santos and raised the benchmark interest rate for an 11th consecutive month as surging food prices pushed inflation to the fastest since 2000. In a split decision, the seven-member board voted to raise the key rate a quarter-point to 7.75 percent, central bank Governor Jose Dario ...

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• 30 July

  Deutsche Bank fares better in EBA stress test

  

    Bloomberg Deutsche Bank AG scored higher in the European Banking Authority’s stress test this year than in 2014 in a sign that steps to bolster financial resilience are taking hold despite a tougher examination that took account of surging litigation costs. The company’s common equity Tier 1 ratio fell to 7.8 percent in the adverse scenario, measuring resilience to ...

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• 30 July

  UBS investment banking co-head plans to quit

    Bloomberg UBS Group AG’s Asia investment banking co-head, Saurabh Beniwal, is planning to leave as the bank trims senior management ranks in the region, people familiar with the matter said. Beniwal, who was appointed in November as co-head of corporate client solutions in Asia, will depart UBS by the end of this year, according to the people. Joseph Chee ...

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• 30 July

  How entangled with Russia is Trump?

  

    WASHINGTON To gauge the opportunism and hypocrisy that define Donald Trump’s Republican Party, consider this: Imagine the scalding rhetoric that would have boiled from the likes of Newt Gingrich, that Metternich of many green rooms, if Hillary Clinton had offhandedly undermined the collective security architecture of U.S. foreign policy since NATO was created in 1949. Vladimir Putin’s regime is ...

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• 30 July

  Turkey must restore financial faith

  The Turkey turmoil triggered by a botched coup is weighing heavy on the psyche of the investors. They are alarmed. Worse, the spreading post-putsch purge of dissent is adding to the concerns of the businesses and companies. They are quite lost as what to do next. The lira has plummeted, equities have been dumped, the tourism sector is in a ...

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• 30 July

  Investor education seems to be going in reverse

    Barry Ritholtz SPECIAL TO EMIRATES BUSINESS Amid all the hoopla and theater of the national political convention you might have missed a noteworthy report about the financial literacy of the average American adult. It’s worth taking a look during the weekend if you want a break from the presidential race, which seems like it begins again as soon as ...

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• 30 July

  Advancing US-Singapore strategic partnership

  On August 1-2, Singapore Prime Minister Lee Hsien Loong will visit the United States as the two countries commemorate the 50th anniversary of their diplomatic relations. Lee’s visit will feature a rare state dinner in his honour hosted by President Barack Obama, making him just the fifth Asian leader to have been granted such a privilege in the Obama White ...

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