Asian markets follow Wall Street higher

BEIJING — Asian markets followed Wall Street higher Tuesday as investors watched for Brexit developments and corporate earnings.Benchmarks in Shanghai, Hong Kong and Seoul gained, while Tokyo and Sydney were little-changed. Southeast Asian markets also gained.On Wall Street, the benchmark Standard & Poor’s 500 index eked out a 0.1% gain to extend its winning to streak to eight days, its longest in 18 months. The Dow Jones Industrial Average ended lower due to another big loss for Boeing Co.Investors looked ahead to developments in Britain’s contentious move toward leaving the European Union, a mid-week meeting by the European Central Bank and the release of minutes from the latest U.S. Federal Reserve meeting.British Prime Minister Theresa May plans to meet European leaders ahead of a Friday deadline for Britain to leave the European Union.British legislators have yet to agree to terms for the divorce from the trade bloc. Economists worry about the drag on the economy if the departure happens without that.“Moderate gains” are likely in Asian markets despite a lack of strong leads, helped by “benign updates from the event risks into the end of the week,” said Jingyi Pan of IG in a report.The Shanghai Composite Index rose 0.1% to 3,249.20 while Hong Kong’s Hang Seng gained 0.3% to 30,169.32. Seoul’s Kospi added 0.4% to 2,219.63 and India’s Sensex advanced 0.2% to 38,761.45.Tokyo’s Nikkei 225 was off 19 points at 21,780.23 and Sydney’s S&P-ASX 200 shed 8 points to 6,212.80.Southeast Asian markets and Taiwan advanced while New Zealand declined.On Wall Street, the S&P rose to 2,895.77. It climbed to within 1.2% of its record in September. The Dow slipped 0.3% to 26,341.02, and the Nasdaq gained 0.2% to 7,953.88.Boeing slumped 4.4% after saying Friday that it will cut production of its 737 Max plane. Regulators around the world grounded that model after it was involved in two fatal crashes.EARNINGS SEASON: The latest quarterly earnings season is due to start with JPMorgan Chase and other big banks. Analysts are forecasting the first drop in S&P 500 profits in years. They expect corporate profit growth to resume after the weak first quarter.CHINA-US TRADE: China’s official news agency said talks in Washington last week “achieved new progress” but did not say when further discussions will happen. Beijing and Washington are trying to end a tariff war over Beijing’s technology ambitions that has shaken financial markets and darkened the world economic outlook.ENERGY: Benchmark U.S. crude gained 13 cents to $64.53 per barrel in electronic trading on the New York Mercantile Exchange. The contract surged $1.32 on Monday to $64.40. Brent crude, used to price international oils, added 13 cents to $64.53 per barrel in London. It rose 76 cents the previous session to $71.10.CURRENCY: The dollar declined to 111.35 yen from Monday’s 111.47 yen. The euro edged up to $1.1267 from $1.1264.Joe McDonald, The Associated Press read more

EU wants new paradigm regarding its investments in CARIFORUM

(CMC) The European Union says while it is moving to reform its relationship with the Caribbean Forum (CARIFORUM) countries it is also necessary for there to be a new paradigm regarding its investments at the regional level.EU Ambassador to CARIFORUM, Daniela TramacereThe Barbados-based EU Ambassador to CARIFORUM, Daniela Tramacere, said it was important now for the investments at the regional level resonate at the national level.“Indeed, national ownership is the single most important ingredient in regional integration. To reword an old maxim, in this new world paradigm you need to strategise globally, think regionally, and act locally. Be assured that in this new normal the EU will always stand with you,” she told delegates attending a workshop dedicated to the Caribbean Single Market and Economy (CSME) and Economic Partnership Agreement (EPA) Standby Facilities financed by the EU under the Caribbean Regional Programme.The two-day workshop ends later on Friday.The EU diplomat noted that an independent appraisal of the CSME commissioned by the Caribbean Community (CARICOM) governments a few years ago confirmed that the limited administrative capacity at the national level was a hindrance to capitalising on the benefits of the CSME that allows for the free movement of goods, skills, labour and services across the 15-member regional grouping.The CSME is regarded by regional governments as the Caribbean’s response to a changing global environment characterised by the loss of preferential treatment for the goods and services on the international market and Tramacere said the outcome of the appraisal was the establishment of the CSME Standby Facility dedicated to interventions at the national level; with a complementary facility being established for the Economic Partnership Agreement.“This approach recognises that whereas the European Union (EU) and CARIFORUM/CARICOM are committed to the implementation of the CSME and EPA, we both acknowledge that final responsibility for implementation, ownership, and sustainability must lie with the CARIFORUM member states.“Further, I must underscore that we see the EPA and CSME as two interrelated dimensions of the region’s integration thrust. This interconnectedness of the EPA and CSME is further evidenced by the similarity of the support areas under the respective standby facilities.”She said these included support to quality infrastructures; improved market penetration through export readiness and establishing contacts between retailers and producers; and strengthening of accreditation and certification systems for greater opportunities for citizens working in a CARIFORUM member state other than their home country.“As we continue to transform our relationship with the region from one of donor-recipient to one of mature partners in development, it will become increasingly important that our investments at the regional level through CARICOM, CARIFORUM, or organisations such as CROSQ and Caribbean Export, resonate at the national level.The diplomat told the delegates that they should use the event “as an unfiltered lens for determining whether the facilities were the right tools for the job of member states in their efforts.“If not, you should also provide practical solutions as to what might be better tools, or if we need to change the job description,” she said, urging them to get beyond the rhetoric to address various pertinent questions including did the facilities work as the right vehicle for support at the national level and what can be done differently.Tramacere said that over the past decade, the EU has invested approximately EUR 37 million (One EURO=US$1.29 cents) in support of the CSME and another EUR 46.5 million to support EPA implementation.“As we move into the 11th EDF (European Development Fund), it is imperative that our continued support is premised on demonstrated utility, efficiency, and value-for-money from our previous investments. This is not only a requirement of our EU taxpayers, but a commitment to the citizens of the Caribbean,” she told the workshop. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Related10th EDF capacity building project in CARIFORUM launchedMarch 26, 2015In “Business”EURO$346M deal struck between EU, CARIFORUMJune 12, 2015In “Business”CARIFORUM prepared for 11th EDFSeptember 18, 2013In “Local News” read more

15 brilliantly pointless sites to visit before doing anything important

first_img1. Catleidoscope Source: liveinternet.ruA killer whale that follows your mouse pointer with its nose. Hypnotic!9. Death By Caffeine Source: Pointer PointerWherever you put your mouse cursor on the screen, this page finds a photo where someone is pointing to that exact place. Magic!15. Into Time Source: hereistodayShows you where today is in relation to this year, decade, century, geological era… all the way back to the beginning of the universe. Will make you feel insignificant.3. Pug Licking Screen Source: Death By CaffeineHow much of your favourite tea, coffee or energy drink would it take to kill you? Find out this essential information here.10. Drawminos Source: CatleidoscopeA kaleidoscope of cats. Mesmerising.2. Here Is Today Source: Ball DroppingsBalls fall from a dot on screen. You draw lines to bounce them around. How many can you keep in play? (Is the question you’ll be regretting asking yourself after losing an entire afternoon.)12. Koalas To The Max Source: BeardestPhotographs of men with glorious (and not-so-glorious) beards appear. You rate their beards on a scale of ‘not’ to ‘beardest’. Satisfaction ensues.6. Partridge Gets Lucky Source: Google GravityLike regular Google, except that everything collapses immediately to the bottom of the screen. See? Completely pointless.8. Killer Whale Source: PAPNothing except a machine that passes remark on your attempts at a secure password. Enter yours and see what it has to say.5. Beardest Source: partridgegetsluckyAlan Partridge playing bass to Get Lucky, on an infinite loop, forever. You’re welcome.7. Google Gravity Source: sanger.dkA pug licks your screen. You watch. It is a thing of great beauty.4. Passive-Aggressive Password Machine Source: DrawminosGuys, you can MAKE YOUR OWN DOMINO TRAIL AND THEN KNOCK IT OVER. So satisfying.11. Ball Droppings Source: koalastothemaxNot, in fact, anything to do with koalas. Instead, a strangely soothing tool where your mouse cursor splits circles into smaller and smaller circles in a comforting series of colours.13. OMFGDogs (warning: flashing colours) Source: OMFGDOGSDogs run across your screen, accompanied by eye-popping colours and 8-bit music. STIMULATING.14. Pointer Pointer Source: Into TimeJust lovely, lovely colours morphing gently into one another and dividing as you click the mouse. Exactly what you’ll need after looking at the other 14 sites in this list.Many of these via The Useless Web7 bizarre corners of YouTube you may not be aware of>The dos and don’ts of taking selfies>last_img read more