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Friday, Feb 23

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Syria desperately needs a pathway to stability

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The abiding image from last weekend’s security conference in Munich was of Prime Minister Benjamin Netanyahu theatrically brandishing a piece of an Iranian drone shot down over Israel a week before – and starkly warning Tehran: Do not test…

Companies surfing the e-commerce wave

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Amazon’s assault on the retail industry has brought misery to traditional retailers without a strong web presence.

U.S. shale investors still waiting on payoff from oil boom

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U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday.

Snap royalty Kylie Jenner helps erase $1.3B in one tweet

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Snap Inc.’s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan.

Fed expects economic gains to prompt gradual rate hikes

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The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new leader Jerome Powell as it had provided…

Will Wall Street ever let go of firearms?

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Will Wall Street ever let go of guns?

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GLOBAL MARKETS-Stocks climb, gold set for weekly loss, as rate hike worries ease

World shares rose broadly on Friday, with technology stocks lifting Wall Street, and gold neared its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes and the U.S. dollar dipped.

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US stocks rise ahead of Fed report

Wall Street stocks rose early Friday as worries about higher interest rates moderated somewhat ahead of the release of a Federal Reserve monetary policy report.

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China takes over Anbang, prosecutes ex-boss for 'economic crimes'

China took over Anbang Insurance Group for a year Friday and said its former chairman faces prosecution for "economic crimes", in the government's most drastic move yet to rein in politically connected companies whose splashy overseas…

12

Latvian central bank boss denies bribery allegations

Latvia's central bank governor Ilmars Rimsevics, who is suspected of bribe-taking by anti-corruption authorities, claimed he was innocent in an interview with the Financial Times published Friday.

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Aoun invites Israel to resort to arbitration in border dispute

President Michel Aoun this week said he was confident in Lebanon’s claim to territory along a disputed border with Israel, and invited the Jewish state to resort to arbitration on the issue.

Global watchdog puts Pakistan back on terrorist financing watchlist: media

A global money-laundering watchdog has placed Pakistan back on its terrorist financing watchlist, Indian media and a diplomatic source said Friday, in a likely blow to both Pakistan's economy and its strained relations with the United…

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European stock markets steady at open

Europe's main stock markets steadied at the start of trading Friday following gains across Asian indices and on Wall Street.

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Snapchat parent's stock plummets after Kylie Jenner tweet

Snapchat's parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner's tweeted that she was no longer using the messaging service.

Thursday, Feb 22

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European shares dip as earnings flurry fails

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European shares fell slightly Thursday as a flurry of corporate results failed to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates soured risk appetite globally.

China betting on big European fashion names

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As China’s shoppers power growth for European luxury brands, Chinese companies want to bring home some of the profits along with their Prada loafers.

U.S. jobless claims near 45-year low as economic outlook brightens

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The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy.

Lebanon reserves recovered after crisis, reform still critical

Lebanon’s foreign-currency reserves have recovered from the shock of Prime Minister Saad Hariri’s surprise resignation, proving the resiliency of the country’s financial system, Central Bank Governor Riad Salameh said.

How GE gambled on fossil fuel ... and lost

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Last March, executives at General Electric Co.’s power-plant business gave Wall Street a surprisingly bullish forecast for the year.

The Brexit effect: U.K. economy grows at 5-year low

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The British economy grew at its slowest rate in five years during 2017 as consumers and businesses were held back by factors directly related to Brexit.

Hariri calls for McKinsey & Company cooperation

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Prime Minister Saad Hariri Thursday called on state institutions to cooperate with McKinsey & Co. in order to help the company formulate a new economic vision for Lebanon.

U.S. stocks on pace to snap two-day losing streak

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U.S. stocks were moving broadly higher Thursday after a two-day losing streak.

‘Cold-blooded execution’ of Palestinian by Israeli troops

Israeli troops killed a Palestinian in the West Bank Thursday, in what the Palestinian Authority is describing as a cold-blooded execution.

Russia tested over 200 new weapons in Syria, MP says

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Russia has tested over 200 new types of arms in Syria during its campaign in support of President Bashar Assad, a senior Russian lawmaker said Thursday, as Moscow was accused of taking part in air strikes against rebel-held Eastern Ghouta.

Merkel eyes overhaul of EU finances

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Brexit offers the European Union an opportunity for a broad rethink of its financial setup, German Chancellor Angela Merkel said Thursday before an EU summit that will tackle the bloc’s future budget.

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400 kilos of cocaine found in Russian embassy in Argentina

Police have seized nearly 400 kilos of cocaine from the Russian embassy in Buenos Aires and arrested several members of a drug trafficking gang, Argentina's security minister announced Thursday.

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Russia says 'no agreement' at UN on Syria ceasefire

Russia on Thursday said there was no agreement at the UN Security Council on a 30-day ceasefire for Syria and presented amendments to a draft resolution that would allow aid deliveries and the evacuation of civilians from besieged Eastern…

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Government debt levels to hit new global high this year: S&P

Governments around the world will borrow roughly $7.4 trillion this year, credit rating firm S&P Global estimated Thursday, pushing their overall debt total to a record level for the third year in a row.

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Tech, industrial shares drive Wall St higher

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Wall Street's main indexes rose Thursday, led by gains in technology and industrial shares as investors looked past fears of more interest rate hikes this year.

Supermarket faces prosecution for French Nutella frenzy

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French supermarket chain Intermarche faces prosecution over heavy discounts that sparked frenzied scenes as customers jostled to get their hands on cut-price jars of Nutella, anti-fraud authorities said Thursday.