Turkish President Tayyip Erdogan
said on Monday the United States had taken the wrong path by
threatening and using blackmail instead of dialogue, and said
that it was impossible for any country to trust it.
The jury is still out on whether
the 10-year U.S. Treasury yield's move above 3 percent is the
historical break higher confirming the end of the 30-year bond
bull market. The verdict from hedge funds, however, is
unequivocal: it is.
Athelney Trust Plc announced on
Monday the "sudden resignation" of managing director Robin Boyle
with immediate effect after its non-executive directors
overruled his request to make major changes to the company's
The U.S. housing market, already
struggling with tight inventory and rising building costs, faces
a fresh headwind as 30-year mortgage rates rise close to the 5
percent threshold for the first time in years.
Italian fashion house Roberto
Cavalli has signed a partnership agreement with DAMAC Properties
under which it will provide the interior design for
at least five luxury hotels, starting with a first one to be
built in Dubai by 2023.