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☆ Mexico economy minister meets with Canadian energy firms
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Jan 23 (Reuters) - Mexican Economy Minister Raquel Buenrosto met with Canadian energy firms to follow up on agreements made at a meeting with President Andres Manuel Lopez Obrador, the ministry said Monday. Buenrostro will meet with the firms again next month to discuss progress made on the agreements, the ministry said on Twitter. A Mexican official told Reuters last week a "framework" for each of the companies' problems with Mexico's energy sector had been agreed upon. A spokesperson for Mexico's economy ministry could not immediately confirm whether the four companies were those present at the meeting with Buenrostro. The United States and Canada last year initiated dispute settlement proceedings against Mexico's push to prioritize state-run energy companies under a regional trade pact.

☆ Over 60 women, children freed in Burkina Faso after kidnapping
▼ + stars: | 2023-01-20 | by ( Thiam Ndiaga | ) www.reuters.com time to read: +2 min

OUAGADOUGOU, Jan 20 (Reuters) - Sixty-six women and children kidnapped by armed assailants in northern Burkina Faso last week have been freed, national broadcaster Radiodiffusion Télévision du Burkina (RTP) said on Friday. The mass kidnapping was unprecedented in Burkina Faso, which is facing a violent Islamist insurgency that spread from neighbouring Mali in 2015. Security forces staged a rescue operation and found 27 adult women and 39 babies, children and young girls in the adjacent Centre-North province. Burkina Faso is one of several countries in West Africa battling a rampant insurgency with links to al Qaeda and Islamic State. Frustration over the authorities' failure to restore security and protect civilians were contributing factors to military coups in Burkina Faso and Mali.

☆ 6 stabbed in Paris train station, attacker shot by police
▼ + stars: | 2023-01-11 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

A knife attacker wounded six people in an unprovoked attack in Paris’ busy Gare du Nord train station Wednesday morning before being shot by police, the French interior minister said. The man had attacked several people, including a police officer, with a “bladed weapon” at around 6:43 a.m. local time (12:43 a.m. He said the unnamed assailant was currently “between life and death” in a hospital. The officer was stabbed in the back by the assailant, but was saved by a bulletproof vest, Darmanin said. Another one of the other victims was seriously injured in the shoulder blade and taken for emergency treatment.

☆ Man with knife wounds several at Paris' Gare du Nord station: Report
▼ + stars: | 2023-01-11 | by ( ) www.cnbc.com time to read: 1 min

A man with a knife wounded several people at the Gare du Nord train station in Paris on Wednesday morning, France Bleu radio reported. The attacker was "neutralised" by police, interior minister Gerald Darmanin said on Twitter, without going into further detail. The attack happened around 0640 CET (0540 GMT) inside the train station, radio franceinfo said, quoting rail operator SNCF. The station is one of the busiest in Europe and a major link between Paris, London and the north of Europe. BFM TV said police had used a gun to stop the man.

☆ Man with knife wounds several at Paris' Gare du Nord station - France Bleu
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: 1 min

PARIS, Jan 11 (Reuters) - A man with a knife wounded several people at the Gare du Nord train station in Paris on Wednesday morning, France Bleu radio reported. The attacker was "neutralised" by police, interior minister Gerald Darmanin said on Twitter, without going into further detail. The attack happened around 0640 CET (0540 GMT) inside the train station, radio franceinfo said, quoting rail operator SNCF. The station is one of the busiest in Europe and a major link between Paris, London and the north of Europe. Reporting by Bertrand Boucey and Sudip Kar-Gupta; writing by Geert De Clercq; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Big Microsoft AI bet, defensive rotation
▼ + stars: | 2023-01-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Microsoft and Alphabet are both Club stocks. Boeing (BA) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley (MS). Wells Fargo upgrades AT & T (T) to overweight from equal weight (buy from hold); price target up to $22 per share from $17. On the seas, Morgan Stanley downgrades Norwegian Cruise Line (NCLH) to underweight from equal weight (sell from hold). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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☆ Most major Gulf stock markets fall on hawkish Fed, Egypt extends rally
▼ + stars: | 2023-01-05 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +2 min

Saudi Arabia's benchmark stock index (.TASI) closed flat, as losses in energy and financial shares were capped by gains in real estate stocks. In Abu Dhabi, the benchmark index (.FTFADGI) declined 0.3%, as the country's largest lender First Abu Dhabi Bank (FAB.AD) eased 0.6% while fertiliser maker Fertiglobe (FERTIGLOBE.AD) tumbled 2.4%. Alpha Dhabi (ALPHADHABI.AD) and Abu Dhabi state fund Mubadala Investment plan to deploy up to 9 billion dirhams ($2.45 billion) in credit markets through a new joint venture, the companies said. Elsewhere, Abu Dhabi National Oil Company (ADNOC) said on Thursday it would allocate $15 billion to decarbonisation projects by 2030. The benchmark stock index in Qatar (.QSI) jumped 2.8% to close the week with a gain of 4.3%.

☆ Gulf equities ring in new year on mixed note as oil, recession worries weigh
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

Jan 2 (Reuters) - Major Gulf stock markets were mixed on Monday, coming off gains in 2022 for most, as investors braced for the new year with worries about a potential recession, crude demand and the U.S. Fed hiking rates further. A Reuters poll showed on Friday that of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023, about 4.6% lower than the $93.65 consensus in a November survey. Abu Dhabi's index (.FTFADGI) added 0.3%, bolstered by a 1.6% increase in AD Ports Group (ADPORTS.AD) and a 2.4% hike in Multiply Group (MULTIPLY.AD). The benchmark was 2022's best performer among the other peers in Gulf Cooperation Council countries finishing the year with a more than 20% gain, after hitting an all-time high in early November in 2022. In Qatar, the benchmark (.QSI) was also up 0.3%, supported by its financial stocks but Saudi Arabia's benchmark index (.TASI) retreated 0.2% with Saudi National Bank (1180.SE) falling 0.8% and oil behemoth and index heavyweight Saudi Aramco (2222.SE) easing 0.5%.

☆ Gulf shares start new year in upbeat mood, Egypt outperforms
▼ + stars: | 2023-01-02 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +3 min

Jan 2 (Reuters) - Most major Gulf equities got off to a good 2023 start on Monday, with Egypt outperforming regional peers, as investors shrugged off concerns about a potential recession, crude oil demand and the U.S. Fed hiking rates further. Crude prices, which are highly correlated with Gulf financial markets, swung wildly in 2022 and are expected to remain under pressure in 2023. Abu Dhabi's index (.FTFADGI) advanced 0.4% on Monday, bolstered by a 0.6% increase in the country's largest lender First Abu Dhabi Bank (FAB.AD). The Qatari index last year posted its first annual loss since 2017, dropping 8.1% in 2022. Outside the Gulf, Egypt's blue-chip index (.EGX30) closed 2.5% higher, with Commercial International Bank Egypt (COMI.CA) climbing 3.1% while Abu Qir Fertilizers And Chemical Industries (ABUK.CA) was up 5.2%.

☆ France's InVivo to buy one of the world's oldest malthouses in Belgium
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 2 (Reuters) - Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world. Castle Malting, called "La Malterie du Château" in French, is located near the castle of Beloeil in southern Belgium. Established in 1868, it is the oldest malting plant in the country and one of the oldest in the world. Belgium is famous for its beers offering a large variety of flavours, colours and alcohol strengths. Castle Malting would give Malteries Soufflet the opportunity to develop its activity in the higher value-added craft beer market where it is not very present, InVivo said.

☆ The Oath Keepers promised to defend liberty — and ended up trying to overthrow American democracy
▼ + stars: | 2022-12-31 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +7 min

The Oath Keepers were founded in 2009, pledging to stand up to tyranny. The Oath Keepers, to be sure, are not to be confused with a charming but a little bit problematic ex. A look at the list of 10 orders the Oath Keepers insisted its members — cops and soldiers — would not carry out reveals as much. Thanks to the magic of the Internet Archive, however, we can see just how they were received on the Oath Keepers' website at the time. But there is, in my take, nothing different about the underlying threat that Oath Keepers posed from day one."

☆ Most Gulf markets rise as China eases COVID curbs
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

China will stop requiring inbound travellers to go into quarantine starting from Jan. 8, the National Health Commission said on Monday. It will also downgrade the seriousness of COVID as it has become less virulent and will gradually evolve into a common respiratory infection. The announcement buoyed other Asian markets as well, with the MSCI Asia ex-Japan index (.MIAPJ0000PUS) rising 0.53%. Saudi Arabia's benchmark index (.TASI) gained 0.6%, led by a 1.4% rise in Al Rajhi Bank (1120.SE) and a 1.1% gain in oil giant Saudi Aramco (2222.SE). Dubai's main share index (.DFMGI) added 0.1%, helped by a 0.4% rise in top lender Emirates NBD (ENBD.DU).

☆ Gulf markets rise on China optimism, Saudi leads
▼ + stars: | 2022-12-27 | by ( Ateeq Shariff | ) www.reuters.com time to read: +2 min

China will stop requiring inbound travellers to go into quarantine starting from Jan. 8, the National Health Commission said on Monday. Saudi Arabia's benchmark index (.TASI) gained 1.3%, led by a 1.8% rise in Al Rajhi Bank (1120.SE) and a 1.9% increase in oil giant Saudi Aramco (2222.SE). The Saudi stock market rose today while oil markets' prospects improved with China opening up, said Fadi Reyad, chief market analyst at CAPEX.com. "However, the main index remains near its lowest levels this year and could be at risk of other price corrections." According to Reyad, the Qatari index continued to decline under the weight of the natural gas market's performance.

☆ Most Gulf markets subdued on economic concerns; Dubai gains
▼ + stars: | 2022-12-26 | by ( Ateeq Shariff | ) www.reuters.com time to read: +2 min

Dubai's main share index (.DFMGI) added 0.3%, ending three sessions of losses, helped by a 1.3% rise in sharia-compliant lender Dubai Islamic Bank (DISB.DU). Among other gainers, Islamic Arab Insurance (SALAMA) (SALAMA.DU) advanced 3.9%, after saying it is considering a proposal to acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance (Aman) (DNIN.DU). The benchmark index (.QSI) in Qatar - among the world's top exporters of liquefied natural gas - retreated 1.2%. Most stocks on the index were in negative territory including Qatar Islamic Bank (QISB.QA), which was down 2.4%. Outside the Gulf, Egypt's blue-chip index (.EGX30) climbed 1.2%, with El Sewedy Electric (SWDY.CA) surging 8.1%.

☆ Most Gulf markets fall in early trade; Dubai gains
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

Dec 26 (Reuters) - Most stock markets in the Gulf fell in early trade on Monday, with modest trading volumes in absence of many foreign investors for the Christmas holidays. Saudi Arabia's benchmark inex (.TASI) eased 0.1%, hit by a 0.6% fall in Retal Urban Development Co (4322.SE) and a 1.1% decline in the kingdom's biggest lender Saudi National Bank (1180.SE). However, Yanbu National Petrochemicals Company (2290.SE) gained 0.8% after it proposed half-yearly dividend of 1.25 riyal. Dubai's main share index (.DFMGI), however, rose 0.5%, helped by a 1.3% rise in sharia-compliant lender Dubai Islamic Bank (DISB.DU). Reporting by Ateeq Shariff in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Brexit has cracked Britain’s economic foundations
▼ + stars: | 2022-12-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

Brexit has erected trade barriers for UK businesses and foreign companies that used Britain as a European base. While Brexit isn’t the cause of Britain’s cost-of-living crisis, it has made the problem more difficult to solve. The Brexit deal, known as the Trade and Cooperation Agreement, came into effect on January 1, 2021. The deal is “the world’s largest zero tariff, zero quota free trade deal,” the spokesperson added. The Organization for Economic Cooperation and Development expects the UK economy to shrink by 0.4%, ahead only of sanctioned Russia.

☆ Most Gulf markets firm on rising oil prices
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

Dec 22 (Reuters) - Most major stock markets in the Gulf rose in early trade on Thursday, as oil prices extended gains for a fourth session although global economic concerns limited gains. Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, helped by a 0.3% increase in oil giant Saudi Aramco (2222.SE). Oil prices - a key catalyst for the Gulf's financial markets - climbed for a fourth straight day with U.S. crude, heating oil and jet fuel stocks growing tighter just as a cold snap hits the United States and travel is set to soar for the holiday season. In Abu Dhabi, the index (.FTFADGI) added 0.1%, helped by a 0.6% increase in the country's biggest lender First Abu Dhabi Bank (FAB.AD). The country, among the world's top exporters of liquefied natural gas, approved its 2023 fiscal year budget on Monday with revenue estimated to increase 16.3% next year, its finance minister said, thanks to rising average oil prices.

☆ Most Gulf markets ease on economic worries, volatile energy prices
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

Dec 20 (Reuters) - Major stock markets in the Gulf fell in early trade on Tuesday, with the Saudi index falling the most on economic concerns and volatile energy prices. Saudi Arabia's benchmark index (.TASI) declined 1.3%, with Retal Urban Development Co (4322.SE) losing 1.6% and Dr Sulaiman Al-Habib Medical Services (4013.SE) dropped 4.6%. Last week, the U.S. Federal Reserve and European Central Bank raised interest rates and promised more, adding to concerns of a global economic downturn. Dubai's main share index (.DFMGI) eased 0.1%, weighed down by a 1.8% fall in sharia-compliant lender Dubai Islamic Bank (DISB.DU). The Qatari index (.QSI), however, added 0.2%, helped by a 1.3% rise in Qatar Islamic Bank (QISB.QA).

☆ Elon Musk asked Twitter users whether he should stay on as CEO, but he'd already made up his mind to go
▼ + stars: | 2022-12-20 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Elon Musk ran a poll asking Twitter users if he should step down as CEO and the majority said yes. Musk said that he'd abide by the results of the poll, though he's so far not commented on the outcome. By posing the stay-or-go question in an online poll, Musk is able to to portray himself as a magnanimous chief who listens to his constituents. In resigning his post by virtue of a vote, Musk can boost his personal wealth and return to his beloved car company under the guise of democratic leadership. Shares of Tesla rose on Monday after the Twitter poll results, though they ended the day largely unchanged, trading at just below $150.

Homeowners aren’t forced to decorate. “We want it to come from the heart,” said Mr. Du. He said hours of work go into the displays. “It makes you feel proud that people make it part of their tradition to see you.”

☆ These 20 execs are powering the $1.2 trillion private-credit market
▼ + stars: | 2022-12-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

So who's behind this mysterious market that has now swelled to $1.2 trillion and accounts for more than 20% of the aggregate capital leverage companies borrowed? Insider's Rebecca Ungarino mapped out 20 of the most powerful people in the space from firms like Sixth Street, Golub Capital, Ares, and Blackstone. When PE firms start hunting for deals, these are the tech companies they'll target. Some tech companies are instructing managers to label low performers on their teams, potentially signally more cuts at some point in 2023. Turns out, having one room dedicated to booze isn't enough for the ultra-wealthy, The Wall Street Journal reports.

☆ 14 Best Gifts for Dog Lovers
▼ + stars: | 2022-12-15 | by ( ) www.wsj.com time to read: +10 min

Browse the ideas below, and take a look at our roundups of expert-approved products to keep your pet calm and the best gifts for cat lovers too. For the bakerThe Dash Dog Treat Maker—a small waffle iron with bone-shaped plates—lets your pal whip up homemade dog treats. Dockx eased her golden retriever’s separation anxiety while she was at work with a Snuggle Puppy, a plush toy with a battery-powered heartbeat. To brush up on dog speak, DeWillems recommends “Doggie Language: A Dog Lover’s Guide to Understanding Your Best Friend,” which decodes canine body language through illustrations that highlight subtle nuances in their mannerisms. For the devoted dog dadDog Dad Hats Custom Dog Dad Hats $69 at Dog Dad HatsAny proud parent will dig a Dog Dad Hat, with a custom embroidered illustration of their pet’s portrait.

New Fannie Mae changes aim to make access to mortgage financing more equitable. But with these new changes, which allow mortgage lenders to use data from a borrower's bank statements to help establish creditworthiness, those who have no credit score may have an easier time qualifying for a mortgage. These changes only affect borrowers who have no score, meaning that those who do have a credit score will still be evaluated based on whether their score meets minimum requirements. Many of those who are credit invisible would otherwise be ideal borrowers, but because they don't have a traditional credit score, they often have trouble getting a mortgage. Just because you don't have a traditional credit score doesn't mean it's impossible to get a mortgage and purchase a home.

☆ Most Gulf markets fall on Fed hawkishness; Abu Dhabi gains
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

Dec 15 (Reuters) - Most stock markets in the Gulf dropped in early trade on Thursday after Federal Reserve Chair Jerome Powell said the central bank would deliver more rate increases next year. Saudi Arabia's benchmark index (.TASI) fell as much as 0.6%, and was on course to fall after two sessions of gains. The Saudi Central Bank said on Wednesday it increased its key interest rates by 50 basis points, following Fed's move as the Saudi riyal is pegged to the dollar. The Central Bank of the United Arab Emirates also increased its base rate by 50 basis points to 4.4%, effective Thursday, mirroring Fed's move. The Qatari benchmark index (.QSI) dropped 0.7%, with petrochemical maker Industries Qatar (IQCD.QA) declining 2.1%.

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