May, 2016

• 22 May

  Kerry urges further reforms in Myanmar to boost democracy

  

    NAYPYIDAW /AP US Secretary of State John Kerry on Sunday urged Myanmar’s new civilian-led government to complete the Southeast Asian nation’s transition to democracy by implementing further reforms to enshrine free markets, development and human rights. Speaking with Myanmar’s foreign minister and de facto leader, Aung San Suu Kyi, after talks in the capital of Naypyidaw, Kerry pledged continuing ...

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• 22 May

  The online lending scare

  

  Could online lending cause the next financial crisis? While the odds seem overwhelmingly against it, the recent turmoil at LendingClub — a leading online lender — makes it hard not to ask the question. There are some disquieting parallels with subprime mortgages, which seemed beneficial until sloppy and fraudulent lending practices triggered a wider collapse of confidence. Are we about ...

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• 22 May

  Britain’s ‘stay’ or ‘leave’ EU quandary

    Campaign for a ‘stay’ or ‘leave’ the European Union (EU) is taking an ugly turn as both sides warn of dire consequences should the UK remain or exit the EU. In fact, both sides blend the scaremongering with facts to canvass votes of the groping voters who may decide the result of referendum. Boris Johnson, the leading ‘leave’ campaign ...

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• 22 May

  Four ways to think about the economy

  Narayana Kocherlakota I see four different schools of thought about how the economies of the U.S. and much of the developed world should be managed. The challenge for the Federal Reserve and other central bankers is that it’s hard to know who’s right. Let’s call the first group of economists the neutralists. They would say that as long as inflation ...

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• 22 May

  Time for Brazil to sharpen its diplomatic skills

  After months of street protests and political revolt led Brazil’s legislature to suspend Brazilian President Dilma Rousseff and put her on trial for fraud, it’s too early to say how the caretaker government will fare in her place. Little-loved interim President Michel Temer will be contending with both the fallout from the country’s toxic corruption scandal and a record economic ...

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• 22 May

  Abu Dhabi stocks in worst run since Oct as Gulf markets drop

  

    BLOOMBERG Abu Dhabi stocks posted their longest losing streak since October amid a slump in trading across Gulf Arab equity markets as investors held out for more than a $1 billion worth of rights issues. The ADX General Index fell 1.1 percent, declining for the sixth straight day. Emirates Telecommunications Group Co., or Etisalat, the largest phone company in ...

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• 22 May

  Hedge funds choking on momentum stocks take another bite

    Bloomberg Hedge funds are piling into the same shares that zapped their returns at the start of the year. They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares, loosely defined as the ones that went up the fastest in the past ...

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• 22 May

  Top wheat exporter Russia targeting corn as crop rises to record

  

    Bloomberg After overtaking the U.S. as the world’s largest wheat exporter, Russia is becoming a bigger part of the corn market with expectations for a record crop. Russian farmers will boost production to 13.7 million metric tons in the season starting in October, an all-time high, according to Moscow-based consultant SovEcon. While the nation’s corn shipments are still a ...

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• 22 May

  Business tourists turning lucky for UAE hotels

  

    RITIKA SHARMA / Emirates Business When a recent international report rated Abu Dhabi as 73rd best business tourism destination, a rank up by 35 places from last year, the UAE hospitality industry was the first one to rejoice. Not only does this rank affirm UAE’s position as a top business tourism hub, it also reflects the strong revenues that ...

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• 22 May

  By 2020, ME cleaning and hygiene industry set to grow by 275pc

  

    Emirates Business Dhofar Global, a leading supplier of hygiene care products in the Middle East, has announced its participation at the Commercial Cleaning & Hygiene — the Middle East Cleaning Expo, which is taking place at the first ever Community Management Week from May 23 to 24, at the Dubai World Trade Centre. Alongside displaying its innovative range of ...

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