Section: Gulf News (United Arab Emirates)
Trump has tough choice after Obama sanctions on Russia hack
Time for country to move on, says president-elect …read more Source: Gulf...
Trump regrets issues in ‘age of computer’
US president-elect Donald Trump has lamented complications from “the age of computer” as he responded to questions about Russia’s alleged hacking of the US election.Asked about possible sanctions against Moscow, Trump said “I think we ought to get on with our lives”, before waxing lyrical about the impact of computing technology.“I think...
Global equity surge, stronger commodity prices lift EM stocks
Global equity gains and stronger commodity prices lifted emerging stocks 0.7% yesterday, though worries about China weighed, with offshore yuan overnight rates hitting three-month highs.Data showing steadily rising US house prices and consumer confidence at its highest in more than 15 years underscored the strength of the economic recovery,...
Russia’s hybrid war against the West
The United States FBI and CIA have both concluded that Russia ran a hacking and disinformation campaign aimed at influencing the US presidential election in Donald Trump’s favour. We may never know how successful Russia’s cyber operation was, but we do know that the Kremlin got the result it wanted. Time magazine was wrong to name...
Israel hits back after UN settlement vote
Israel yesterday summoned representatives of states that supported a UN resolution demanding it halt settlement activity, while cutting civilian co-ordination with Palestinians by way of rebuke.Ambassadors from 10 of the 14 countries that voted in favour of the resolution and have embassies in Israel – Britain, China, Russia, France, Egypt,...
Russia M&A bucks global slowdown for bank deals
Investment banking deal volumes in Russia rose almost 50% in 2016, with domestic advisors leading the charge, but continued sanctions and the economic contraction mean the industry remained a shadow of its former self.According to Thomson Reuters data up to December 14, equity capital market (ECM) volumes in Russia have more than doubled to...
Kazakhstan said to weigh its biggest bank bailout since 2009
Kazakhstan has extended an emergency loan to the country’s biggest bank, the first step in what could be a rescue that may reach 1.5tn tenge ($4.5bn), according to people familiar with the plans.A bailout is among the alternatives under discussion between officials from Kazkommertsbank JSC and the central bank as Kazakhstan edges closer to...
Putin warms to Trump, flexes muscles on Syria
Russian President Vladimir Putin yesterday appeared to cosy up to US President-elect Donald Trump while stamping his authority as the key powerbroker in Syria.At his annual end-of-year press conference, the confident Kremlin strongman praised Trump for tapping into the public mood in the US to claim his surprise win in the elections.“He went to...
EM currencies and stocks book cautious gains in thin trading
Emerging markets struggled for direction in thin pre-holiday trade yesterday, though a pause in the dollar and higher oil prices helped Russia’s rouble to hit a one-week high. MSCI’s emerging market stock index eased 0.3%, with gains in Russia, Poland and some Asian bourses but seeing losses in Asian heavyweights Taiwan and South...
The coming Brexit tragedy
This past year changed everything, except how governments think. Nowhere is that more apparent than in the pre-negotiations for Brexit. With both sides ignoring the far-reaching implications of Donald Trump’s election as US president – namely, the decline of the liberal world order – the process seems set to produce a tragedy for the United...
