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With record in view, aging US bull market may still be frisky
NEW YORK: Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in US stocks still has legs. This Wednesday, the S&P 500’s bull-market run will turn 3,453 days old, which in some market watchers’ eyes will make it the longest such streak in history. The bull was born in the ashes of the financial crisis and carried along
Britain wants more scrutiny of M&A deals
LONDON: Jon Moulton, the founder of private equity house Better Capital, was “absolutely staggered” when he learned that his firm’s 44 million-pound sale of British company Northern Aerospace was being investigated by the UK government. Better Capital had announced on June 8 that it had agreed to sell the aircraft components supplier to a subsidiary of Chinese company Shaanxi Ligeance Mineral Resources. Nine days later, Britain’
‘Next China tariffs to cost Americans from cradle to grave’
Businesses of the United States have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins. Six days of public hearings on the proposed duties of up to 25 per cent started on Monday in Washington as part of President Donald Trump’s and the US Trade
Venezuela’s currency reformation sows seeds of confusion
CARACAS: Venezuela slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed due to a national holiday that Maduro decreed for the first day of the new pricing plan for the stricken economy, which the
Farming, construction sectors feel squeeze of retaliatory tariffs
When President Donald Trump began imposing tariffs at the beginning of 2018, the fear was it would lead to other countries retaliating in kind. Today, the trade war is on. In January 2018, Trump imposed tariffs on solar panels and washing machines. Then in April he announced a 25 per cent tariff on imported steel and 10 per cent tariff on aluminium. China fired back with tariffs on $2.4 billion in US exports. In July, the US
Firefighters tackle large blaze outside Asian Games venue
Palembang: A large blaze broke out right next to the Asian Games site ..
Added : 14 hours ago
Former Nazi camp guard deported to Germany from US
Berlin: Germany, citing its "moral duty", on Tuesday took in a 95-year..
Added : 15 hours ago
Afghan forces kill insurgents after mortars hit Kabul
KABUL: Afghan forces killed four out of nine insurgents who launched m..
Added : 15 hours ago
Record-breaking teen claims shooting gold for India
Palembang: Sixteen-year-old Indian shooter Saurabh Chaudhary set a new..
Added : 15 hours ago
Saudi King congratulates pilgrims on Eid
MAKKAH: The Custodian of the Two Holy Mosques King Salman Bin Abdulazi..
Added : 17 hours ago
VP, AD CP receive UAE Rulers on Eid
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Dubai flyer makes mid-air proposal
DUBAI: The Emirates' EK303 flight from Shanghai to Dubai witnessed a w..
Added : 1 Day ago
Nigerian football spared FIFA ban
Abuja: FIFA announced on Monday Nigeria will no longer be suspended ov..
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Rival Koreas begin emotional family reunions
SEOUL: The 92-year-old South Korean woman wept and stroked the wrinkle..
Added : 1 Day ago
At least 14 killed in Rio security operations: Officials
Rio de Janeiro: Rio de Janeiro's drug war hit a bloody crescendo on Mo..
Added : 1 Day ago
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