Economy 1317
Parker: CoolIT delivers Direct Liquid Cooling solutions to data centres
A Calgary high-tech company, which is providing Direct Liquid Cooling (DLC) to the world’s most demanding data centres, has recorded 100 new hires this year and is planning for more growth.Co…
Special report: We need more than GDP growth (part 1)
Why measuring GDP is not enough.
African governments struggle to turn around loss-making airlines
However, Ethiopian Airlines has bucked the trend.
Paul Volcker, inflation tamer who set bank risk rule, dies at 92
Volcker was called on to devise a successor to the gold standard, a cure for runaway inflation and a response to the housing-market collapse.
Prosus increases its offer for Just Eat, with a new twist
The latest offer makes more sense and increases the chance of success.
Takeover bids intensify for Just Eat food app
Prosus increases its cash offer for the food delivery firm.
Huge Christmas boost as Affinity Credit Union pays out €398,000
GOOD NEWS FOR TIPPERARY MEMBERS
Urgent reminder to support Roscrea Christmas food appeal
Roscrea Lions club also make food and cash appeal
Former Tipperary garda station sold at public auction
HUGE INTEREST IN NEW INN BUILDING
Market watch: Index ends in red amid lack of triggers
Benchmark index decreases 289.44 points to settle at 40,442.81
Iran says ready for more US prisoner swaps
Trump thanked Iran for what he called a 'very fair negotiation' after an American scholar was released on Saturday
India orders over 36,000 metric tonnes of onions; imports at 5-year high
State-run trading firm MMTC has already floated a tender for buying 21,090 metric tonnes (MT) of onions from Turkey and Egypt and the shipments are expected to arrive mid-January
Biz EOD: GST filing streamlined; India imports 36,000 MT of onions; SBI cuts lending rates
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
Bharat Bond ETF to open this week: check date, investment, return, other details
The Bharat Bond ETF will have a base size of Rs 7,000 crore, with a green shoe option of additional Rs 8,000 crore. Retail investors can invest with the minimum investment amount of Rs 1,000 and in multiples of Rs 1,000 thereafter
CGST falls short of budget estimate by 40% in April-November
In 2018-19, the actual CGST collection stood at Rs 4,57,534 crore as against the provisional estimate of Rs 6,03,900 crore for the year
Bombay HC seeks RBI's response on plea against Chanda Kochhar's termination as ICICI MD
A division bench of justices Ranjit More and SP Tavade directed the Reserve Bank of India to submit its reply by December 16. The bench will hear the matter next on December 18
Rakesh Jhunjhunwala voices support for Fortis-IHH deal, says no link to Singh brothers
Expressing shareholders' concerns over lag in IHH's planned open offer for Fortis, Rakesh Jhunjhunwala stressed that the deal was "fair" and IHH should conclude it since the open offer has been pending for a year
Modi govt's centralised nature doesn't work well for economic reforms, says Raghuram Rajan
Rajan pointed out that extreme centralisation, coupled with lack of empowered ministers and a coherent guiding vision meant reforms picked up steam only when PMO focused on them and lost pace when its attention switched to other pressing issues
Men in khaki to soon don khadi! Para-military forces to use hand-woven fabric in uniforms
Home Minister Amit Shah also instructed the DGs of all para-military forces to use village industries products such as pickles, papad, honey, soaps and detergents, shampoos, phenol, tea, mustard oil etc. in their canteens
Tata Motors' Jaguar Land Rover retail sales fall 3% in November
Jaguar Land Rover (JLR) posted fifth straight month of double-digit sales growth of 29 per cent in China. North America sales also grew by 4.9 per cent during the month under review, achieving best ever November sales levels
Big tax cuts may be coming for middle class in next Budget; here's why
Responding to a question at an event in Delhi recently, finance minister Nirmala Sitharaman also said that the government was looking at myriad suggestions and the relaxation on personal income tax was one of them before it presents the Union Budget 2020 in February next year
YES Bank may reject $1.2 billion offer from Canadian investor
At a board meeting on Tuesday, YES Bank is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
Delhi unauthorised colonies: How to apply for ownership rights online
Last month, Union Housing and Urban Affairs Minister Hardeep Singh Puri had said residents of unauthorised colonies will be able to apply for ownership rights starting December 16
UP Cabinet approves Zurich Airport International as developer for Jewar airport
The Swiss firm had on November 29 emerged as the highest bidder to develop the Jewar airport on the outskirts of Delhi
Executives at state-run companies oppose privatisation of BPCL
Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations
Slowdown blues to limit rise in job creation at 7% in October-March: report
Positive hiring outlook was reported in sectors like healthcare & pharmaceuticals, information technology, e-commerce and tech start-ups, educational services, KPO, power and energy, and logistics
Mutual Funds' asset base crosses Rs 27 lakh crore in November
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Top stocks to watch: YES Bank, Hero MotoCorp, ICICI Bank, Tata Motors and others
Shares of YES Bank will remain in focus after report suggested that the lender will reject an investment proposal of $1.2 billion from SPGP Holdings and Canada's Erwin Singh Braich
Tata Motors share has gained 32% in last three months: Time to buy, sell or hold the stock?
Tata Motors share was reeling under losses as auto sector was clouded by economic slowdown for more than a year. Uncertainties on the global front also hit sales of its UK arm JLR which affected the stock
LOHA designs affordable housing complex for difficult site in Los Angeles
Steel shipping containers will be used to form this affordable housing complex on a triangular site in Los Angeles, designed by LOHA.
LOHA designs affordable housing complex for difficult site in Los Angeles
Steel shipping containers will be used to form this affordable housing complex on a triangular site in Los Angeles, designed by LOHA.
Germany’s relations with Qatar not limited to business: Envoy
The Ambassador of the Federal Republic of Germany to the State of Qatar, H E Hans-Udo Muzel said that friendship and cooperation between the two countries is not limited to business, as Berlin is partnering with Doha in many other fields to jointly tackle the challenges of the future, saying that Qatar is an important partner for his country during its non-permanent membership of the United Nations Security Council in 2019-2020, sharing a common vision of a multilateral framework based on a rules-based world order.
Minister of State for Foreign Affairs arrives in Riyadh ahead of GCC Summit
Riyadh: Minister of State for Foreign Affairs H E Sultan bin Saad Al Muraikhi arrived today in Riyadh to chair Qatar's delegation participating in the 145th ministerial preparatory meeting for the GCC 40th Leaders' Summit, hosted by Saudi Arabia.
Qatar Petroleum announces implementation of ICV Policy from January ’20
Qatar Petroleum (QP) has announced the implementation of the In-Country Value (ICV) Policy in the Energy Sector starting from January 2020 through Tawteen, the localization programme for services and industries in Qatar’s energy sector.
QNB to embrace digital transformation
Abdulla Mubarak Al Khalifa, Acting Group Chief Executive Officer of QNB said yesterday that Qatar’s banking sector is well capitalised, with high asset quality and robust profitability. The capital adequacy ratio stands at 17 percent, well above Basel III guidelines. Asset quality remains high with non-performing loans (NPLs) at 1.9 percent, one of the lowest in the region. Profitability remains solid with returns on equity (RoE) over 15 percent, he said while addressing The Euromoney Qatar Conference.
Manateq awards QR1.5bn project to GWC
Manateq (Economic Zone Company-Qatar) announced yesterday at a press conference that it has awarded the Al Wukair Logistics Park development project to Gulf Warehousing Company (GWC), Qatar’s leading logistics provider.
Peaceful Hong Kong march marred by fire outside court, police say
Hong Kong: Hong Kong protesters set fire outside court buildings, threw petrol bombs and spray-painted graffiti on government buildings, marring what was otherwise a "generally peaceful" march over the weekend, police said on Monday.
National Day has significant meanings in minds of citizens and residents: Qatar Post Chairman
Doha: The Chairman and Managing Director of Qatar Postal Services Company Faleh Mohammed Al Nuaimi, said that the celebration of the National Day has significant meanings in the minds and hearts of all citizens and residents of the State of Qatar.
QC, Turkish metals sector to boost cooperation ties
The Qatar Chamber (QC) held a meeting yesterday with a trade delegation headed by the Chairman of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB) Tahsin Öztiryaki. The Qatari side was headed by QC’s First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari.
QCB set to announce FinTech strategy
Qatar Central Bank (QCB) Governor H E Sheikh Abdulla bin Saoud Al Thani said yesterday that the central bank is working on the banking industry’s financial technology (FinTech) strategy, in cooperation with leading financial institutions and financial technology companies. The strategy, where the central bank would contribute to creating a modern regulatory environment that supports innovation and market stability, will be announced soon, he said.
Your farm, your business: 5 ways to save time and money!
Multi-faceted Stettler company provides mobile electronics solutions, office supply help and more
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
All practising lawyers in B.C. will be required to take a six-hour online course covering these areas
Senate approves bill to merge HEART Trust/NTA with NYS and JFLL
A bill which seeks to merge the functions of the HEART Trust/NTA with the National Youth Service (NYS), the Apprenticeship Board and the Jamaican Foundation for Lifelong Learning (JFLL), was approved by the Senate on Friday. The Human Employment...
RADA warns farmers about beet armyworm increase arising from rainfall
The Rural Agricultural Development Authority (RADA) is reporting that recent rains have triggered an increase in the pest population of the beet armyworm. RADA says the downpours have facilitated increased plant growth such as...
DBJ to on-lend $5 billion to MSMEs
The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr Nigel Clarke, at the launch of...
CBS' Historic New York Headquarters to Be Sold
The office building, located at 51 West 52nd St. at the corner of Sixth Avenue, has served as CBS’ headquarters since it was completed in 1964.
Thrifty father-of-three reveals how he saves £2,000 a year and even gets money off his utility bills - just by scanning his supermarket receipts
EXCLUSIVE: Peter Chatfield, 39, from Deal in Kent, funded a family holiday to Disneyland Florida, after saving £2,000 through cashback on supermarket shopping apps and special offers.
Hotel pilferers set their sights on MATTRESSES as five-star establishments find luxury 'rain-effect' showers, TVs and artwork are also vanishing along with their bathrobes
The luxury beds are worth so much and are filled with so much technology, like memory foam and temperature controls, that they have become a target for thieves, a survey has revealed.
Boris Johnson casts fresh doubt on '£100billion' HS2 rail project saying it will cost 'an awful lot of money'
Boris Johnson hinted at a rethink on the massive scheme - which would affect his own Uxbridge constituency - saying the government would review whether funding could be 'better spent'.
Ericsson to pay $1 billion USD to settle corruption investigation
Ericsson has agreed to pay more than $1 billion USD (approximately $1.3 billion CAD) to resolve U.S. corruption probes.
Floppy Disk With Steve Jobs' Signature Sells For $84,000 By US Auction House
Floppy disk with Steve Jobs signature sells for $84,115 by a RR auction house in the U.S. On the disk’s label is the signature of Steve jobs with a black pen.
Tata Steel Asks LGBTQ+ Employees To Declare Partners, Avail HR Benefits
In a unique move, Tata steel on Monday asked their employees from LGBTQ+ community to declare their partners and avail HR benefits
Share market highlights: Sensex ends 43 points up, Nifty near 11,950; TCS, HCL Tech top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty ended marginally higher on Monday afternoon, amid volatility.
Lucky 13 for Milan Bergamo
For the first time in its history, Milan Bergamo Airport has hit the 13 million passenger mark, setting a new record for annual passengers for the Italian gateway. Handling just one million passengers for the first time in 1999, saw the airport celebrate the historic moment with the lucky 13-millionth passenger departing for Dheli via Rome. Endorsed by Milan Bergamo’s strengthening of existing flights, new carriers, and the expansion of route choice, the airport has welcomed extraordinary growth over the last
airBaltic receives the Regional Airline of the Year Award by CAPA
The Latvian airline airBaltic received the CAPA Regional Airline of the Year award in a special ceremony in Malta on December 5, 2019. For the second time, airBaltic has been recognised as the leader of the regional aviation sector by CAPA's Aviation Awards for Excellence which is held annually since 2003 with professionals participating from airlines around the world. Martin Gauss, Chief Executive Officer of airBaltic said: “We at airBaltic have had yet another year of intense work and successful growth.
Catalonia Hotels & Resorts partners with Beonprice for digital transformation
BARCELONA - Catalonia Hotels & Resorts has selected Beonprice as its strategic solution for Revenue Management, as the hotel group undergoes significant digital transformation. The hotel chain – which operates 72 properties and more than 10,000 rooms – chose Beonprice as the technology company shared its commitment to innovation and offered a clear vision for how the hotel group can maintain its competitiveness through a dynamic Revenue Management strategy. Utilising Beonprice’s Artificial Intelligence technology, Catalonia Hotels & Resorts will be able to
CAPA's World Aviation Outlook Summit heads to London Stansted in 2020
CAPA – Centre for Aviation (CAPA) announced London Stansted Airport as the host of the CAPA World Aviation Outlook Summit in 2020 during this year’s Summit proceedings in Malta. To be held on 2-3 Decεμβερ 2020, the Summit will welcome over 200 aviation executives to analyse the industry’s performance over the year, discuss the current state of play and forecast the outlook of the aviation market. Covering all regions - Europe, Asia, Middle East, Americas and beyond - expert speakers will
Carnival Corporation’s Costa Cruises welcomes LNG-Powered Costa Smeralda to fleet
MIAMI – Costa Cruises, the Italian brand of Carnival Corporation & plc officially took delivery today of Costa Smeralda, the brand’s first ship powered by liquefied natural gas (LNG), the marine industry’s most advanced fuel technology. The handover ceremony was held at the Meyer shipyard in Turku, Finland, where the brand’s new flagship was built. Costa Smeralda becomes Carnival Corporation’s fourth new ship of 2019 and its second LNG-powered ship. Costa Smeralda is the first of two new sister ships for Costa
Progress towards liberalized and harmonized regulatory frameworks key to unlocking full benefits of air connectivity
Montreal and Aqaba, Jordan, 6 December 2019 - At the Twelfth ICAO Air Services Negotiation Event taking place in Aqaba, Jordan this week, ICAO Council President Dr. Olumuyiwa Benard Aliu encouraged progress towards liberalized and harmonized regulatory frameworks for air transport, and highlighted the importance of air connectivity for sustainable development, particularly for the Middle East. “Besides the fact that air connectivity generates over 2.4 million jobs in this Region, and $130 billion dollars in Middle East Gross Domestic Product (GDP),
Virtua Partners and Hotel Equities give Houston hotel a fresh look
HOUSTON - Virtua Partners, the Scottsdale, Arizona-based private equity firm, announced the grand reopening of its now 190-room Springhill Suites by Marriott hotel in Houston. The property, managed by Hotel Equities, a leading hotel management firm, features a newly designed interior with spacious suites. This hotel is one of five properties operated through Virtua Partners’ and Hotel Equities’ strategic partnership. “This project shows how working with the right partner, like Virtua enhances the overall execution,” says Joe Reardon, Hotel Equities Chief
ATOM Hotels Socimi expands its portfolio
MADRID - The REIT ATOM Hotels Socimi, incorporated in January 2018 by Bankinter and GMA, has confirmed the acquisition of the hotel Tryp Coruna formally owned by one Melia Hotels International Group’s companies, The four-star hotel is located in the historic center of La Coruna and offers 181 rooms. The acquisition represents 12.9 million euros. A new lease agreement has been signed with the Hotusa Group, which will operate the hotel under the EXE brand. GMA, ATOM manager, has led the rebranding
Ethiopian Group CEO named ‘Airline Executive of the Year’ by CAPA
ADDIS ABABA - Ethiopian Airlines Group CEO Mr. Tewolde GebreMariam has been recognized as ‘Airline Executive of the Year’ at the annual Global Aviation Awards for Excellence organized by Centre for Aviation (CAPA) in Malta on 5th December 2019. Mr. Tewolde GebreMariam won the title for his commendable individual influence on the aviation industry, demonstrating outstanding strategic thinking and innovative direction for the growth of Ethiopian Airlines and the aviation industry at large. Commenting on the accolade, Mr. Tewolde GebreMariam said,
Owner of £3m apartment sues Heron Tower for £100,000 after enduring two years without broadband
A millionaire is suing for £100,000 after going two years without broadband at his £3 million apartment and being forced to log on at his local library.
The 8 best Christmas wreaths for 2019 (and how to make one at home)
The wreath is a tradition packed with symbolism;
'Middle-class' carriages: Rail passengers offered 'premium economy' fares
Three classes of travel will be introduced to Britain's railways for the first time in 60 years, the chief executive of the new West Coast mainline has announced.
Former Fed Chief Paul Volcker, Inflation Tamer, Dies at 92
In working to help the U.S. economy recover from the 2008 crisis, he proposed what became known as the Volcker rule that restricted banks from making high-risk investments
FIRS: Buhari fails to renew Fowler’s tenure, names successor
President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, subject to Senate
Peregrine Ventures raises more than €103 million for its fourth fund, to invest in MedTech startups
Peregrine Ventures, an Israeli MedTech venture capital fund, just closed its fourth fund, Peregrine 4, raising €103 million. Their partners include some of the leading institutional and private equity investors from Israel, the United States, Europe and Australia.
South Africa hit by massive power cuts as floods disrupt supply
Worst outages in a decade after heavy rains cause power stations to fail
Will the pound go up in value if Labour wins the general election?
We examine John McDonnell’s claim that Labour’s spending plans could boost sterling
We’ve crunched the numbers – nationalisation would be a bargain
Our research shows nationalisation would pay for itself in seven years, says David Hall, visiting professor at the University of Greenwich
The daily business briefing: December 9, 2019
Democrats and the White House reach a deal on parental leave, Frozen 2 dominates the box office for a third week, and more
A new North American trade deal looks like it's close
Impeachment hearings don't look like they're getting in the way of Congress hammering out a new trade deal for North America. Richard Trumka, the president of the American Federation of Labor and Congress of Industrial Organizations, said Monday that there's a deal in place. He added that he'll meet with his executive committee in the afternoon to discuss it, but he hinted that he feels optimistic about it. "We have pushed them hard and have done quite well," he said. The AFL-CIO is a key player in the negotiations, since it's the largest federation of unions in the U.S. The organization opposes the existing North American Free Trade agreement between the U.S., Mexico, and Canada, which it blames for the decline in manufacturing jobs with good wages, so its support likely means the potential agreement includes stronger labor protections than NAFTA or the replacement agreement signed by President Trump in 2018. Republicans in both chambers are expected to support the new deal overwhelmingly, and the AFL-CIO stamp…
Amazon India bets on vernacular, voice & videos to help sellers boost sales
Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.
Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park
Shares of Coffee Day extended decline to as much as 14.5% in Mumbai, which is the biggest drop since July 31.
Aluminium firms seek cut in input duties as production costs, imports swell
Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina
Govt limits stock holding for onion retailers to 2 tonnes to curb hoarding
Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
No reason to show that employment has come down: Govt tells Lok Sabha
The Labour and Employment Minister also said the government is implementing various schemes for generating more employment
BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering
Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC
SC partially lifts ban on construction activities in Delhi-NCR region
The apex court perused the affidavit filed by CPCB which said however that no construction should be permitted during 6 PM to 6 AM
North Korea calls Donald Trump 'thoughtless', 'sneaky old man' over tweets
Kim has said North Korea will seek a new way if the US maintains its sanctions and pressure, and issued the deadline for the Trump administration to offer mutually acceptable terms for a deal.
Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more
This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month
59 mn added under PM Jyoti Bima Yojana, 154 mn under Suraksha Yojana: Govt
The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account
Suraksha Realty confident of acquiring Jaypee Infra, voting from Dec 10
Suraksha Realty is owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi
Central GST collection falls short of budget estimate by 40% during Apr-Nov
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit
The fund-raising comes at a time when the company plans to penetrate cities and scale up investments and become a key player in the industry
Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project
The four-lane expressway will connect UP-Bihar border district with Purvanchal Expressway; It is expected to be 35-40 km long and is likely to cost Rs 40 crore per km
Kochhar challenges RBI decision to terminate her; HC seeks bank's response
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
Under NDCP, TRAI seeks industry's views on unbundled licensing regime
The move came after the Telecom Department sought the regulator's recommendation on the issue
Vistara signs codeshare agreement with Lufthansa, 6th with overseas airline
As part of the agreement, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering ten Indian cities, including Delhi, Mumbai and Chennai
Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Equity flows see sharpest dip in 3.5 years, slip 78% in November
Flows were 78% low compared to Oct; lump sum investments hit
ICICI Bank opens new center in Bahrain, offers retail, corporate banking
The bank already has a retail branch at the local Manama Centre, it said in a statement
India climbs one spot to 129th in 2019 human development index: UNDP
In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said
Goyal says tit for tat to countries discriminating with Indian cos
"Free and equal access" is the policy adopted by this government two years ago, he said at an event organised by EXIM Bank here
Tata Motors plans to add 100 new passenger vehicle outlets by FY 20 end
Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
NSE asks investors to be careful in executing PoA with stock brokers
The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account
Tariff hikes likely to double telcos operating profit in FY21: Report
The Supreme Court order on the AGR puts a burden of Rs 1.47 lakh crore on the industry that has been bleeding for years and sitting on a debt pile of close to Rs 4 lakh crore
PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively
TTK Prestige to boost home solutions portfolio, eyes new verticals
While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board
Paytm Payments Bank says it issued 600,000 FASTags in November
PPB said it sold 6 lakh tags in the month of November, and claimed that it has equipped over 1.85 million vehicles with FASTags
government bonds launches interest rate options on 10-year government bonds
As per the statement, interest rate options are based on the underlying government 10-year bonds -- the 7.26% 2029 bond and the 6.45% 2029 bond
After nod to Recycling of Ships Bill, India eyeing 60% global share: Govt
Terming the passing of the Bill as a giant step and a historical moment in the Indian maritime arena, Mandaviya said it will have far reaching effects on the ship recycling industry.
Tea Board considering new export cess to fund promotion and marketing
While the rate of the cess is yet to be finalised, sources say it could be around Rs 2 per kg of export
UP cabinet okays Zurich Airport International plan to develop Jewar airport
The new airport will be designed, developed and operated under a 40-year concession period and the Swiss firm will invest more than Rs 4,500 crore in it
Here's why Saudi Aramco's stock is unlikely to plunge on its debut
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double
In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
Market Wrap, Dec 9: Sensex up 42 pts, Nifty at 11,937; Auto stocks gain
Sectoral indices ended the session mixed on the NSE. At close, Nifty Realty Index closed with a cut of 1.15 per cent, while Nifty Auto index closed 0.73 per cent higher
Vietjet begins direct flights connecting Delhi to Ho Chi Minh City, Hanoi
The Hanoi-headquartered airline had announced these flights in August and had been planning to connect India first in 2017 and then in 2018
Letter to BS: NEFT system a step closer to achieving financial inclusion
The facility to transfer money through NEFT transaction on a round-the-clock basis will benefit many customers
Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.
SAIL reworks marketing strategy to draw high volume sales in November
Company clocks 36% YoY rise in volume sales to 1.40 million tonnes
Paul Volcker: The inflation tamer who set bank risk rule, dies at 92
In a career that spanned more than half a century, Volcker became a one-man economic cleanup crew
India set to be among top advertisement markets in 2019: GroupM and Zenith
The overall market size is expected to reach Rs 95,000 crore
27.2 mn male, 15.6 mn female registered job seekers in the country: Govt
Santosh Gangwar said employment exchanges are being managed by the respective state governments in the country and there are five employment exchanges which are exclusively for women job seekers
Shakti Pumps hits 52-week low as CARE downgrades bank facilities
The outlook for the long-term rating of the company has been revised from 'Stable' to 'Negative'.
UP govt clears plan to induct 700 electric buses in 14 cities across state
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
Italy proposes new plan to rescue ArcelorMittal plant; 8,000 jobs at stake
Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk
Higher MSP fosters surge in paddy arrivals in Chhattisgarh's centres
Over 700,000 tonnes of the crop arrived in a week. State has till date disbursed Rs 7,000 cr to farmers, who will be paid Rs 1,815 a quintal for common grade and Rs 1,835 for A-grade produce
Edible oil gets costlier due to kharif crop damage, global price rise
Floods in key producing regions resulted in major damage to standing kharif soybean crop
Amazon, Flipkart planning to help SMEs go digital and grow their businesses
E-commerce giants adopt similar strategy to helps SMEs
Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich
At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
Petrol price hits Rs 75 per litre mark, diesel price crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre
BMA Wealth investors stage protests, demand Karvy-like refund action
Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem
Maldives keen to disentangle from China's debt trap: Nasheed to Venkaiah
The former president of Maldives said his country, amidst claims of huge investment by Beijing, is undertaking an assessment of assets created through debt funding from China.
Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing
Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.
How corruption and populist politics weigh down Delhi's infrastructure
The first of a five-part series takes stock of Delhi, the power centre and cultural melting pot of India, to find that it needs an overhaul
Paramilitary troops to soon don khadi uniform, Amit Shah issues directions
Samples of cotton and woollen uniforms, blankets and camouflage uniform, among others, for paramilitary forces have been developed by KVIC
Auto sector is in transition phase, no threat of job losses: Govt in RS
Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years
Imran urges overseas Pakistanis to invest in Pak, says learn from Indians
He lamented that Pakistani people were unaware of the dire consequences corruption could have on their lives
Loan defaults mainly due to salary delays, biz downturns, says survey
The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low
Plans to privatise BPCL suicidal for nation, says PSU officers' union
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
MPs in RS demand hike in tea workers' wages, universal maternity benefits
Demanding the government protect goldsmiths, BJP leader Kailash Soni said traders of gold and silver are in distress due to "police harassment".
Factory owner, manager nabbed after Indian capital's deadliest fire in 20 years
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Kazakhstan plans more than $1 billion in fresh aid to banks: Sources
Kazakhstan plans to provide more than $1 billion in aid to at least four local banks after an asset quality review revealed holes in their balance sheets that require capital injections, two sources familiar with the plans told Reuters.
Ready for more United States prisoner swaps: Iran
Iran said Monday it was open to more prisoner swaps with the US while stressing an exchange at the weekend was not the result of formal negotiations with its arch-foe. US President Donald Trump thanked Iran for what he called a "very fair negotiation" after an American scholar was released Saturday in exchange for an Iranian scientist held in the United States.
Hope to reach trade agreement with US as soon as possible: China
China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh US tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday.
Former Federal Reserve Chief Paul Volcker dead at 92
Paul Volcker, the towering former Federal Reserve chairman who tamed US inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to the New York Times, which quoted his daughter.
Esperance Shire owed nearly $40k in unpaid rates
The Shire of Esperance is set to take its pursuit of unpaid rates to the next stage, with more than $39,000 owing. According to the December, 2019 council ag...
Samsung Pay launched in just one new market in 2019
Among all the first-party Samsung apps and services, Samsung Pay, the company’s mobile payment service, is by far the most useful and popular. It is one of those few offerings where the Korean tech
iDreamSky in talks to buy Leyou
Mobile publisher would get controlling interest in fellow Chinese outfit with stakes in Digital Extremes, Splash Damage, SNK Playmore
US SEC Re-Opens Infamous Bitcoin Scammer Case
According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick
India Ends Disappointing Year in Crypto, Will 2020 Be Better?
Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it ...
BigTech Cryptocurrencies Pose Risk to Global Financial Stability: FSB
The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto
Huobi US Closes Doors After Weak Demand
The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after
Bitcoin Road to $100K: Peter Brandt Explains the When and How
Bitcoin is heading towards the $100,000 mark, according to veteran commodity trader Peter Brandt, who shared his analysis in a new video clip. However,
Bitcoin Price Shows ‘Uncanny Resemblance’ to 2018 Breakout Pattern
BTC has hovered between bullish and bearish attitudes. But one chart analyst sees a possible scenario, as the bitcoin price action in the past months
PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. This will be carried out telecom firms and banks.
Bitcoin Climbs 2 Spots on China’s Latest CCID Ranking
China's Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than
Dash Investors’ Missing Funds Returned, Moocowmoo Resurfaces
After months of speculation as to the whereabouts of Moocowmoo and the location of Dash investors’ funds, it seems he’s finally woken up.
Task team established to fight congestion at Cape Town port | IOL News
Western Cape MEC for economic affairs David Maynier said he has established a task team to solve ongoing congestion in the Cape Town port.
EU Approves State Aid to Develop Car Batteries Industry
The European Union has approved $3.5 billion in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
Blackpool dolls house has raised funds for charity
A dolls house has a new home for Christmas after being sold for £120 and raising funds for charity.
Infrastructure developers await law on PPP - VietNamNet
The National Assembly is working on an investment law on public-private partnerships (PPP) which investors hope will settle legal conflicts.
Risky business: Why gov’t made sure Manila Water, Maynilad would earn
Part 2: What is 'onerous' now was logical before. Rappler looks at the history of how government enticed the private sector to take over water services.
Pace of housing starts edges up in November on strength in B.C., Alberta
Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Liberals to release fiscal update before Christmas, Morneau says
Finance Minister Bill Morneau says the government will provide an update on federal finances before Christmas.
China Orders All Government Offices, Public Companies To Replace Foreign PCs, Software
Beijing retaliates for Huawei blockage
Democrats Close to Agreement With White House on New NAFTA
Congressional Democrats and the White House are on the cusp of an agreement on revisions to the United States-Mexico-Canada Agreement.
Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92
Mr. Volcker helped shape American economic policy for decades, notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the 1970s and ’80s.
The Great Recycling Con
The greatest trick corporations ever played was making us think we could recycle their products.
Don’t Let China Win the Green Race
America should be leading the way on clean energy, not falling behind.
Inheritance Tax rules could be changing. Here's 10 facts you need to know...
With potential changes in inheritance tax rules on the horizon, Ian Lowes, managing director of Lowes Financial Management, offers some advice
Newcastle College-Environment is at the forefront for generations to come
Newcastle College is already at the forefront of training for the North East’s renewable energy sector...
Parliament approves ship recycling bill passed in RS today
Parliament on Monday approved a legislation to regulate recycling of ships with a view to make India an attractive ship breaking destination to create employment while at the same time ensuring it does not become a dumping ground of the world. The Recycling of Ships Bill, 2019 was passed in Rajya Sabha by a voice vote
No proposal for education loans waiver, says govt
The government on Monday said there is no proposal under consideration for waiver of education loans. In the last three years from 2016-17 to March 2019, the amount of outstanding education loans
Over 10 lakh cr loans sanctioned under Mudra Yojana
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.
Hoping to reach trade agreement with US soon: China
Beijing hopes that it can reach a trade agreement with the United States that satisfies both sides as soon as possible, China's Assistant Commerce Minister Ren Hongbin said on Monday. Ren made the
Sensex falls 70 pts in early trade; banking stocks drag
Equity benchmark BSE Sensex on Monday fell over 70 points in early trade, dragged mainly by losses in financial and banking stocks amid persistent foreign fund outflows. The 30-share index was
Sensex rises 42 points; bank, auto stocks shine
Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters.
'EV charging biz to grow at 50 by 2022 in India'
Power and energy management firm Delta Electronics expects its electric vehicle charging business in India to grow around 50 per cent per annum in the next three years with more car makers bringing their EVs into the country, according to a senior company official. The company, which has
Iran says ready for more US prisoner swaps
Iran said Monday it was open to more prisoner swaps with the US while stressing an exchange at the weekend was not the result of formal negotiations with its arch-foe.
Learning the right lessons from the onion crisis
Political parties that slam central governments on high prices for consumers/low prices for farmers will do zilch about getting their state governments to implement these reforms.
Tata Motors to add another 100 sales outlets for PVs
Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.
Job creation to jump 7.12% in Oct-Mar: TeamLease report
According to TeamLease's bi-annual Employment Outlook Report for HY2 2019, economic reforms lifted the spirits for seven of the 19 sectors surveyed, while nine sectors reported a decrease in their outlook for October-March period of this fiscal.
SBI lowers MCLR based lending rates by 10 bps
Country's largest lender State Bank of India on Monday announced the reduction in its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all one-year products, effective
Govt mulls allowing employees to reduce PF contribution
The proposal will face stiff opposition from trade unions, which had earlier expressed strong reservations about the move saying this would defeat the purpose of the social security scheme run by the Employees Provident Fund Organisation (EPFO).
Labor issues could plague long-delayed veterans cemetery project
The Buffalo Building and Construction Trades Council has been pushing for a project labor agreement at the site. But the Department of Veter
Bakery owner 'devastated' by demolition, says city must police absentee landlords
As Susan Adamucci drove her 12-year-old son to school last Wednesday, she heard on the radio that a building was in peril in downtown Buf...
Crowley Webb brings blue-collar vibe to renovated digs
Crowley Webb has come a long way since its founding 33 years ago. What started as a small firm with an office on lower Franklin Street in...
West Herr buys Transitowne Hyundai and moves it
West Herr Automotive Group has acquired Transitowne Hyundai and moved the dealership about 2 miles up Transit Road, to Clarence. Terms of...
Probe underway into $3.3M fraud at Telenor bank
Several employees at Telenor’s Pakistan-based Microfinance Bank were accused of helping scam the operation out ...
Hearables fuel wearable shipment surge
The growing popularity of wireless ear and headphones pushed wearable shipments in the third quarter ...
Ericsson pays $1bn to settle corruption probe
Networking giant reaches settelement following accusations of corruption by US authorities
There's still time to grab these amazing iPad deals before the holidays
There's still time to bag a cheap iPad deal from the leftovers of the Cyber Monday sales and we've rounded up all the discounts still going.
What is AWS Glue?
Having data in the cloud is one thing, being able to sort it into useful packets is another. Luckily, for Amazon Web Services, this is exactly what their Glue application does.
China hopes for US trade deal 'as soon as possible'
China and the United States are negotiating a so-called "phase one" deal aimed at de-escalating their prolonged trade dispute.
Ericsson will pay a yard to settle bribery charges
The judge could not be Swede into letting them off
Lebanon's exit path from economic woes
The government should aim at restoring confidence through economic sustainability and balanced growth.
3 Tax Mistakes You're Probably Making Today
If you're falling victim to these blunders, you're throwing money away or opening the door to problems you really don't need.
10 Tax Moves to Make Before 2020
Time is running out to get yourself set up for success when tax filing season starts up early next year.
Why Investors Should Avoid Zscaler
The cybersecurity company reported strong fiscal first-quarter results and raised its guidance, but its stock price corresponds to higher expectations.
Toy Industry 2019: Hot Toys and Competition
The calendar gives 2019 a shorter holiday season than usual, but the hottest toys are still flying off the shelves.
Why Canopy Growth Stock Just Popped 11%
Canopy just crowned a new king of cannabis.
This Dividend-Paying Chip Stock Could Switch Up a Gear in 2020
Secular end-market growth should be a catalyst for chipmaker Analog Devices in the new year.
The 5 Best Industrial Stocks to Buy for 2020
Assuming the economy avoids a protracted slowdown next year, these companies' catalysts could deliver strong gains for investors.
3 Healthcare Stocks to Buy and Never Sell
A holding period of forever sounds perfect for these top-tier businesses.
5 Bold Predictions for the Stock Market in 2020
Some scenarios that could play out over the next year.
Why These 2 Natural Gas Stocks Are Soaring Today
Antero Resources and Antero Midstream are working together to enhance their outlook.
3 Top Small-Cap Stocks to Buy Right Now
One way for investors to build wealth is to find great companies with growth potential while they're still small.
Wole Soyinka withdraws Osinbajo award nomination over Sowore’s detention
THE Wole Soyinka Centre for Investigative Journalism (WSCIJ) said it has withdrawn the presentation of award to the Nigerian Vice President, Yemi Osinbajo following the Department of States Services’ (DSS) invasion of the court and repression of freedom of speech...
Buhari names Nami to replace Fowler as FIRS boss
PRESIDENT Muhammadu Buharion Monday approved the composition of a new board for the Federal Inland Revenue Service (FIRS) subject to Senate
FG launches digital platform to publish daily financial transactions of agencies, ministries
PRESIDENT Muhammadu Buhari has launched the Open Treasury Portal to promote transparency and track spending in the public sector.
JUST IN: Buhari names Nami to replace Fowler as FIRS boss
PRESIDENT Muhammadu Buharion Monday approved the composition of a new board for the Federal Inland Revenue Service (FIRS) subject to Senate
‘Who’s going to make the first move?’: Canada not alone in the Huawei dilemma
Nations around the world seek direction on whether to allow the Chinese company’s equipment into 5G networks
China's pig herd expands by 2% in November vs October - ministry
BEIJING — China’s pig herd increased by 2% in November compared with the prior month, the Agriculture Ministry said on Monday.
South Africa steps up power cuts after flooding hits major plant
JOHANNESBURG — South Africa’s state energy company Eskom is cutting up to 6,000 megawatts (MW) of power from the national grid after heavy rain and flooding triggered failures at its Medupi plant, disrupting supplies to businesses and households across the country.
Shareholders advised to vote against Richard Baker-led offer for HBC
An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Pace of housing starts edges up in November on strength in B.C., Alberta
Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
China reportedly bans foreign technology in its government and public offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
The Law Society of British Columbia has moved to require Indigenous cultural competency training for all practising lawyers in the province, in response to gaps in legal education that the Truth and Reconciliation Commission identified.
Canopy Growth shares get lift after Constellation executive named new CEO
Shares of Canopy Growth Corp. got a lift after the cannabis producer named a veteran Constellation Brands executive as its new chief executive.
World's 'largest collection' of rare whiskies on sale
Lovers of very expensive whisky will get the chance to bid on nearly 4,000 rare bottles acquired by a late U.S. soft drink bottling company executive.
7 Low-Risk Mutual Funds to Buy Now
An array of low-risk mutual funds spanning multiple asset classes are currently available to investors. Here are seven worth a look.
Desirable Branding Distinguishes Aphria Stock
Though production capacity is always important, Aphria stock has made progress due to its underlying premium brands.
Investors Should Buy Amazon Stock While It Keeps Treading Water
Worries about Amazon's declining AWS growth and rising content spending appear to be overblown. Amazon stock has got plenty of life in it.
Aphria Is Making the Right Moves to Survive Marijuana Slump
The outlook for cannabis stocks remains challenging. But if anyone can turn it around in 2020, it could well be Aphria.
Things Are Going from Bad to Worse for Aurora Stock
Does Aurora Cannabis stock offer an intriguing, compelling trade? Yes. However, realistically getting to that point is a major problem.
Under $3, Plug Power Stock Is a Good Speculative Buy
Plug Power and PLUG stock lost all momentum Dec. 2 when it announced it would sell up to 40 million shares in a secondary offering.
5 Reasons to Buy Aphria Stock Before Pot Stocks Start Moving Again
Aphria stock has taken a beating in recent months, but there are at least five reasons why Aphria shares could be headed higher soon.
New Age Beverages Stock Remains a High-Risk, High-Reward Situation
NBEV stock could rise by seven-fold from here, but it's far more likely that shares remain weak thanks to glaring profitability issues.
Can Debt Deal Save Chesapeake Energy Stock?
Seemingly out of nowhere, Chesapeake Energy stock received a lifeline with a debt financing deal. But should contrarians take the bait?
Square Stock Has the Only ‘CEO Bro’ We Can Trust
Because of African demographics and economic realities, the opportunity for first-to-market dominance is too lucrative to pass up for Square stock.
3 Healthcare Stocks to Buy Before the End of 2019
The year-end success of the healthcare sector has led to several strong stocks to buy. Here are three of the best healthcare stocks to buy.
If You Haven’t Ditched NBEV Stock Yet, Now Is the Time
NBEV stock is an irredeemable loser. The CEO is selling shares and the company is in debt and losing money.
Cisco Stock May Be a Great Value Name
Cisco stock offers many compelling features. CSCO stock is one or two pieces away from being great for growth and income investors.
Monday’s Vital Data: Bank of America, Apple and JPMorgan Chase
Options trading was buzzing in Bank of America, Apple and JPMorgan Chase stock. Here are the metrics that matter moving forward.
With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell
Because if you do, you’ll probably lose all your principal and a tax deduction would then be the only benefit to owning OCGN stock.
GE Stock is a Buy as CEO Larry Culp Addresses the Mess He Inherited
GE stock holders may have been disappointed with the decision to keep the dividend at a penny. But the new CEO is running a marathon, not a sprint.
Shopify Stock Will Continue to Amaze Investors in 2020
Shopify stock, which is up 165% this year, still has more upside opportunities like the one from last week. The triggers are close.
5 Restaurant Stocks Dominating Holiday Season Foot Traffic
Foot traffic is one of the best indicators of which fast-food restaurant stocks are best navigating the difficult environment.
Smartly Avoid General Electric Stock Dividend for Capital Appreciation
Reassuring news that General Electric was keeping its dividend should move GE stock higher. But, profit-taking is likely to occur first.
Will Lyft Stock Be Boosted by Lyft’s Spectacular Performance?
The performance of LYFT, at least relative to expectations, has been spectacular in recent quarters. But Lyft stock has struggled badly.
As the Founders Depart, There’s a Real Opportunity in Alphabet Stock
With the company's founders stepping back, CEO Sindar Pichai could have more freedom to unlock some of the underlying value in Alphabet stock.
4 Cybersecurity Stocks to Buy for Long-Term Gains
Secular tailwinds underpinning the cybersecurity market remain as favorable as ever, meaning these four cybersecurity stocks are good buys.
What Should Investors Expect From Advanced Micro Devices Stock in 2020?
Advanced Micro Devices stock more than doubled in 2019, but will its momentum carry into 2020? Here are a few things to know about AMD stock.
Time to Remodel Your Portfolio With Home Depot Stock
Home Depot stock is finally finding some support after a sharp 10% drop. HD should begin to head higher over the coming weeks.
Strong Jobs Numbers Boost Bank of America
We want to take advantage of rising long-term interest rates with a put write on Bank of America (NYSE:BAC)
3 Big Stock Charts for Monday: Hanesbrands, Canada Goose, and Ball Corporation
Monday's big stock charts, including GOOS stock, highlight three names looking for direction and hoping for help from the broad market.
After Earnings, Watch for Workday Stock to Strike $168.50
Workday stock lean bearish on the charts. Its valuation is a little rich, particularly amid this earnings report. What's up with WDAY stock?
Here’s How the US-China Trade War is Helping JD.com Stock Bulls, Bears
Don’t attempt to trade volatile and varied headlines, invest your trust in a powerful trade war pattern setting up on the price chart of JD.com.
10 Stocks With Little or No Debt to Own for the Next 50 Years
Millennials looking for stocks to own for the next 50 years might want to consider these 10 companies from various sectors of the economy.
Lack of Profitability Is a Significant Risk for Zillow Stock
A lack of profits has kept Zillow stock stuck in neutral for 3 years, and it looks like these profitability issues are here to stay.
Be Wary of Ford’s High Dividend Yield
Be wary of the high Ford stock dividend yield. Ford still can't afford the dividend since its adjusted FCF is too low and not growing.
Mulberry announces launch of 'first 100% sustainable leather bag'
Mulberry has launched a new handbag, the Portobello Tote, which it claims is 100 per cent sustainable. The bag, which retails at £795, was produced in the luxury fashion label's carbon-neutral
Commission approves pan-EU battery project
The plan aims to invest more than €8 billion in battery projects across Europe over the coming decade.
Senator outlines measures to reopen Nigerian borders
A former Chairman, Senate Committee on Police Affairs, Senator Abu Ibrahim, Monday listed measure Nigeria should take to reopen its closed ...
How bad leadership, corruption fuel poverty in Africa
More than 70 per cent of Africa’s estimated 1.2 billion people are said to be suffering from high unemployment, inequality and poverty.
FG to sign MoU with Russian firm on Ajaokuta January - Minister
The Federal Government will sign the Memorandum of Understanding with a Russian firm for the resuscitation of the multi-billion naira Ajaokuta Steel Rol...
Universal Insurance mulls new capital raising to boost capital base
Universal Insurance Plc is considering raising new equity funds to bolster its operations and strengthen its capital base ahead of deadline for ...
We inherited N100b debts not N30b, says AbdulRazaq
Kwara State Governor AbdulRahman AbdulRazaq on Monday said that his administration inherited a sum of N100 billion debts from the former government of...
AEDC: We cannot avoid VAT from meter cost - The Nation Newspaper
Following the complaint about the surreptitious manner in which the Abuja Electricity Company (AEDC) has raised the cost of meters, the power firm's ...
Lagos to eradicate wastes generated from construction, demolition
The Lagos State government has launched the Construction, Demolition and Disaster Waste (CDDW) of the Lagos Waste Management Authority (LAWMA)
Eight things you probably didn’t know about new FIRS chairman, Nami
President Muhammadu Buhari on Monday approved the composition of a new board for the Federal Inland Revenue Service (FIRS), subject to...
AMCON takes over oil firm over N29b debt, appoints manager
The Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt...
Just In: Gunmen attack business man, murder wife in Lagos
A business mogul has been critically wounded and the wife murder in a suspected armed robbery attack in their highbrow Lagos home. The victim is...
EFCC recovers N3.6bn, 10 houses from suspected looters in Ilorin
The Ilorin Zonal office of the Economic and Financial Crimes Commission says it has recovered N3.6 billion and 10 houses from suspected looters...
Yahaya approves additional N550m for payment of gratuities to retirees
Gov. Inuwa Yahaya of Gombe State has approved the release of additional N550 million for the payment of gratuities to the state retirees...
International Breweries opens N164b rights issue - The Nation Newspaper
International Breweries has opened application list for its N164 billion right issue, in a major recapitalisation that will see the Belgian core ...
Vice President highlights limp action to prevent illegal trade
Despite the inability to prevent and control illegal trade effectively, illegal goods worth over Ks15 billion were confiscated over the past 14 months, Vice President Myint Swe told local businesspeople. The Private Sector Development Committee held the 31st meeting with Myanmar entrepreneurs at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on December 8.
Konbaung era monastery in Aunglan under repair
Local residents are repairing an over-100-year-old monastery of Konbaung Era design in Aunglan Township, Magway Region, without harming the original architecture. The monastery, built under the reign of King Thibaw in Letplanhla Village, is being repaired under the permission of the Department of Archaeology and National Museums.
Amazon SLASHES alcohol prices in Christmas gift sale BONANZA
Laphroaig and Bowmore whisky, Bulleit bourbon, Plymouth gin, Mount Gay rum and much more discounted at Amazon
Desert to Power Initiative gains momentum in Burkina Faso
AfDB has approved $54 million loan to the government of Burkina Faso for the Yeleen solar plant, which forms part of the Desert to Power Initiative.
World Bank takes a stance on Isimba hydropower project
The World Bank has approved a Management Action Plan, in response to complaints regarding the construction of Isimba Hydropower Project.
EU and African banks sign $120 million climate action facility
The EIB and the TDB have signed a deal to fund sustainable energy projects over the next 15 years.
NERSA to hold Eskom RCA public hearings in Feb 2020
The National Energy Regulator of South Africa (NERSA) has announced the timelines to process Eskom’s RCA application for the 2018/19 financial year.
New programme launched to support ocean economy innovation
OceanHub Africa launched their Ocean Innovation Africa event in Cape Town, aimed at mitigating the effects of global warming and pollution of the oceans.
Ugandan based Somaliland businesswoman scoops top Award
Uganda’s foremost businesswoman Amina Hersi Moghe was over the weekend crowned the Entrepreneur of the year of Africa by the respected European CEO magazine. Moghe, born in Kenya of Somaliland parents has been an inspiration to women in East Africa where she has employed over 5,000 people in her different companies. This is an additional cap to her success. She scooped the 2008 Woman Investor of the year Award making her a remarkable woman. “This is a great honour not only to me but to the women of Africa. It shows just how women if given an opportunity and the right environment, can achieve so much,” she said. Somaliland Ambassador to Kenya Bashe Omar congratulated Ms Moghe saying she is one of the best ambassadors of Somaliland in the diaspora.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
All practising lawyers in B.C. will be required to take a six-hour online course covering these areas
Bike-borne miscreants loot 50 kg onions from rickshaw puller in UP’s Gorakhpur
The incident took place on Sunday afternoon when the rickshaw puller was going to deliver the onions to a hotel. "Police is checking the CCTV footage and action will be taken on the basis of investigation," Superintendent of Police (city) Kaustabh said.
Sensex rises 42 points; bank, auto stocks shine
Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06 per cent, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel. On the other hand, TCS, HCL Tech, L&T, IndusInd Bank, Tech Mahindra, SBI and ITC lost up to 2.93 per cent.
Shares, Commodity, Rupee Market LIVE Updates: Sensex up 100 points, Nifty over 11,950 led by auto, metal stocks
Share Market, Sensex, Nifty, BSE, NSE Share Price Today Live Updates: Catch all the LIVE market action here.
Explained: The WTO’s dispute settlements mechanism is all but dead. This is why India should worry
Trump sees the WTO -- which seeks to ensure equal treatment for all its members -- as standing in the way of "America First", tying its hands when it tries to protect American workers or seeks to effectively employ the advantages of being the world's most powerful economy.
No reason that employment has come down due to demonetisation, says Gangwar
In response to remarks that demonetisation has severely impacted jobs, the Union minister said the government is implementing various schemes for generating more employment.
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Subramanian said at the FICCI Young Leaders Summit
Yamaha launches BS-VI compliant YZF-R15 bike, price starts at Rs 1.45 lakh
The 155cc will be available across all company dealerships in India from the third week of December 2019, India Yamaha Motor (IYM) said in a statement.
Tamil Nadu: At this store, buy a smartphone, get 1 kg onion free
Saravana Kumar (35), who runs the shop in Thalaiyari Street in Pattukotai, said the strategy had paid off and earned him lots of customers in the past few days. “Generally mobile shops tend to give charger or earphones as an offer during the festive season. I tried something out of the box and it worked," he said.
Mutual Funds’ asset base hit all time high of Rs 27 lakh crore on inflow in debt schemes
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
As per the ministry's data, maximum retail prices are ruling at Rs 165 per kg on Monday, while modal price was at Rs 100 per kg. In most cities, onions are quoted over Rs 100 per kg in retail markets, pinching hard on consumers' pocket.
India makes modest progress in Human Development Index, fares poorly in gender equality
In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16. The steady progress was due to nearly three decades of rapid development, which had seen a dramatic reduction in absolute poverty, along with gains in life expectancy.
Traffic jams cripple Paris as pension strikes halt trains
French President Emmanuel Macron girded for one of the toughest weeks of his presidency as his government prepares to present a redesign of the convoluted French pension system.
Explained: How govt proposes to regulate the dismantling of ships
Under the proposed law, ships will be recycled only in authorised recycling facilities. An application to authorise such a facility must be submitted to the Competent Authority notified by the central government, along with a ship recycling facility management plan and the prescribed fee.
Hong Kong protesters lead in popular choice for TIME Person of the Year 2019
The demonstrators with 89% votes polled as 'yes' have emerged the current favourite among people across the world who are voting to validate them as the people wielding the most influence in the past 12 months.
MIHAN tiger to be captured: Maharashtra Forest Department
“We had sought permission to tranquilise and capture the tiger, which has been granted by Principal Chief Conservator of Forest (Wildlife) Nitin Kakodkar,” said Prabhunath Shukla, Nagpur Deputy Chief Conservator of Forest.
IIT-Madras placements phase-I concludes with 848 offers, most from core domain
Most offers, in the phase I, were made by Micron Technolgy India operations with 31 offers followed by Intel and Microsoft with 20 and 19 offers, respectively.
Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits
With its vision to provide equal opportunity to the employees, it has been an endeavour of the company to create an enabling workforce for all diverse groups, respecting and embracing the differences in the individuals, the steel maker said in a statement.
Hong Kong protest, largest in weeks, stretches several miles
The huge turnout was a reminder to China’s leader, Xi Jinping, that the monthslong campaign against his authoritarian policies still had broad support in Hong Kong despite a weakening economy and increasingly violent clashes between protesters and police.
European companies minimise risks from US-China trade war
BEIJING, Dec 9 — European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said today. The world’s two biggest economies have been entangled in a...
Cambodia to start opposition leader trial in January
PHNOM PENH, Dec 9 —The trial of Cambodian opposition leader Kem Sokha on treason charges will begin on Jan. 15, a court said today. Kem Sokha was arrested in 2017 and his opposition Cambodia National Rescue Party (CNRP) banned ahead of an election last year that was condemned by Western...
Govt to set up Special Purpose Vehicle to monitor Kampung Baru redevelopment
KUALA LUMPUR, Dec 9 — A Special Purpose Vehicle (SPV) company will be set up to carry out the Kampung Baru redevelopment project, the Dewan Negara was told today. Federal Territories Minister Khalid Abdul Samad said so far, no developers had been appointed to carry out the project. He said the...
Mahfuz: 59,689 cabbies, e-hailing drivers have signed up with Socso since October
KUALA LUMPUR, Dec 9 — About 59,689 taxi and e-hailing drivers have registered under the Social Security Organisation (Socso) since October this year, said Deputy Human Resources Minister Datuk Mahfuz Omar. He said various initiatives were undertaken by the government, to attract the public...
IHH Healthcare receives shareholders’ approval to acquire Prince Court
KUALA LUMPUR, Dec 9 — IHH Healthcare Bhd hopes to complete its proposed acquisition of the Prince Court Medical Centre in the first quarter of 2020, following the strong approval obtained from its shareholders at an extraordinary general meeting today. In a statement, the healthcare provider said...
S&P 500, Nasdaq edge higher; tariff deadline in focus
NEW YORK, Dec 9 — The S&P 500 and Nasdaq indexes edged higher today, with investors keeping a close watch on headlines around US-China trade as planned tariffs on Chinese imports kick in on December 15. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating...
Bursa Malaysia ends lower on subdued sentiment
KUALA LUMPUR, Dec 9 — Bursa Malaysia finished lower today on subdued sentiments as weak export data from China, the country’s biggest trading partner, signalled weakness for the broader Asian economy. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.73 points to 1,562.71 from Friday’s...
Lynas says investing in new plant to extract low-level radiation before shipping ore here
KUALA LUMPUR, Dec 9 — Lynas Corporation Ltd said today it will open a new cracking and leaching plant in Kalgoorlie, Western Australia to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment. The Australia-based rare earth miner said it has signed an option...
Call for import duty of fishing equipment to be abolished
KUALA LUMPUR, Dec 9 — A Dewan Negara member today proposed the that the import duty on fishing equipment, such as net, fishing line and engines, to be abolished to help ease the burden of traditional fishermen. Senator Datuk Razali Idris said the price of most fishing equipment has increased by...
Entrepreneur Development Ministry, MTDC collaborate to prepare SMEs for digital technology
BANGI, Dec 9 — The Ministry of Entrepreneur Development (MED) has forged a cooperation with Malaysian Technology Development Corporation (MTDC) to prepare the small and medium enterprise (SME) to shift to utilise digital technology in their business. MED Secretary-General Datuk Wan Suraya Wan Md...
Prosus hikes hostile bid for Just Eat
LONDON, Dec 9 — Prosus, Europe’s largest consumer-tech company, said today it has hiked its hostile takeover bid for Just Eat, in an attempt to derail the latter’s merger deal with peer Takeaway.com. Prosus announced in a statement that it has lifted its bid to £74 pence per share or about...
EU opens subsidies for electric battery push
BRUSSELS, Dec 9 — The EU’s powerful anti-trust authority today approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries. The move is part of a big push led by Germany and France to prepare Europe for the emergence of electric cars, as...
Stronger US dollar curbs demand for ringgit
KUALA LUMPUR, Dec 9 — The ringgit closed lower against the US dollar today as the positive sentiment for the greenback curbed interest for local currency. As at 6pm, the local note was quoted at 4.1590/1630 against the US dollar compared with Friday’s close of 4.1580/1610. A dealer said the...
Chow: Four restoration projects in Penang Hill completed
GEORGE TOWN, Dec 9 — Four repair and stabilisation projects undertaken in Penang Hill following a landslide on November 4, 2017 have been completed, said Chief Minister Chow Kon Yeow. He said the projects included the refurbishment and enhancement of three communal septic tanks, landscaping and...
Dollar holds ground as central bank meetings loom, pound jumps
LONDON, Dec 9 — The dollar held its ground today thanks to last week’s stronger-than-expected jobs data, although worries about US/China trade talks kept gains in check, while Britain’s pound jumped on the latest polls ahead of this week’s election. Sterling hit a fresh 2-1/2 year high...
RM164m monsoon aid allocation to be distributed to rubber smallholders, tappers
KUALA LUMPUR, Dec 9 — An allocation of RM164 million will be distributed to 274,639 rubber smallholders comprising 255,997 business owners and 18,642 rubber tappers through the 2019 Monsoon Season Aid programme. According to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, aid of RM600 per...
European stocks stutter as attention turns to trade deadline, central bank meetings
LONDON, Dec 9 — European stocks fell today as worries about a Chinese economic slowdown and the US-China trade war outweighed Friday’s strong US jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central...
Malaysians spend 70pc of monthly income on goods, housing and transport, says minister
KUALA LUMPUR, Dec 9 — Almost 70 per cent of Malaysians’ monthly income are spent on goods, housing and transport, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said. Based on a World Bank Group report, the cost of living shouldered by Malaysians was mainly...
Gas Malaysia: Average natural gas selling price to fall for Jan 1-Dec 31, 2020
KUALA LUMPUR, Dec 9 — The average natural gas selling price applicable for Gas Malaysia Energy and Services Sdn Bhd from January 1 to December 31, 2020 will be set at RM33.65/MMBtu, lower by 2.91 per cent or RM1.01/MMBtu, compared to the current price for the distribution segment. The selling...
Whisky galore! Largest ever collection could fetch up to US$10m
LONDON, Dec 9 — Scottish auctioneers hope to sell off 3,900 bottles of rare whisky for up to £8 million (RM42.8 million) next year in what they said would be the largest private collection of the tipple ever to go up for auction. Colorado businessman Richard Gooding, who died in 2014 aged 67,...
SSM to offer big discounts on compounds
PUTRAJAYA, Dec 9 — The Companies Commission of Malaysia (SSM) will offer discounts up to 90 per cent for the settlement of compounds imposed on registered corporations from January 1 to April 30, next year. Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the...
Singapore authority revokes Inter-Pacific Petroleum’s bunker supplier licence
SINGAPORE, Dec 9 — The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier licence of Inter-Pacific Petroleum Pte Ltd effective today. In a statement here, MPA said Inter-Pacific would cease to operate as a bunker supplier in the Port of Singapore. According to the...
Insurance, road tax for Zahid's 20 vehicles paid by Yayasan Akalbudi, court told
KUALA LUMPUR, Dec 9 — The High Court today was told that the road tax and insurance for 20 vehicles belonging to former Deputy Prime Minister Dr Ahmad Zahid Hamidi amounting RM107,509.55 was paid using funds from Yayasan Akalbudi Foundation fund, between January and September 2015. Allianz...
Chong: Sugar supply liberalisation will benefit consumers in the long run
KUCHING, Dec 9 — The liberalisation policy on sugar supply in Sarawak will not result in an immediate effect to the price of the commodity but will definitely benefit consumers in the long term, Domestic Trade and Consumer Affairs Deputy Minister Chong Chieng Jen said today. He said the policy,...
Mexico president says senators OK’d changes to USMCA trade pact
MEXICO CITY, Dec 9 — Mexican President Andres Manuel Lopez Obrador said today that the country’s senators have accepted proposed changes to the United States-Mexico-Canada Agreement as US lawmakers mull ratifying the trade pact. Speaking during his regular morning news conference, Lopez Obrador...
Global stocks whacked as China export decline highlights trade war damage
LONDON, Dec 9 — Global equity markets were in a sombre mood today after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial December 15 tariff deadline. The only big winner of the day was the British pound which surged to...
Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits
The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report.
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
The U.S. SEC is seeking to reopen a case against Bitcoin fraudster Renwick Haddow, as he has not resolved the regulator’s claims for monetary relief.
Cryptocurrency Exchange OKEx to Launch Options Trading This Month
Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.
Lithuanian Central Bank Announces Blockchain Collector Coin
The Bank of Lithuania announced that it will release its first digital, blockchain-based collector coin in the spring of next year.
Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential
Mixed performance over the weekend nonetheless failed to inject volatility into Bitcoin markets, with attention now focusing on preserving support at $7,400.
Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate
The Intercontinental Exchange’s digital asset platform Bakkt launched the first regulated Bitcoin options and cash-settled futures.
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
South Korea's government plans to tax capital gains returns on cryptocurrency transactions.
Oracle Co. (NYSE:ORCL) Receives $57.42 Average Target Price from Analysts
Oracle Co. (NYSE:ORCL) has earned an average recommendation of “Hold” from the thirty ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among […]
Aberdeen Asia-Pacific Income Investment (TSE:FAP) Trading 0.3% Higher
Aberdeen Asia-Pacific Income Investment (TSE:FAP)’s stock price traded up 0.3% during trading on Monday . The stock traded as high as C$3.55 and last traded at C$3.55, 35,313 shares were traded during trading. A decline of 36% from the average session volume of 54,849 shares. The stock had previously closed at C$3.54. The stock has […]
Fireangel Safety Technology Group (LON:FA) Sets New 52-Week Low at $9.50
Fireangel Safety Technology Group PLC (LON:FA) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12), with a volume of 1807590 shares traded. The stock had previously closed at GBX 12.75 ($0.17). The stock has a market capitalization […]
Insider Selling: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Sells 10,000 Shares of Stock
Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the transaction, the director now owns 16,065 shares in the company, valued at $265,393.80. The transaction […]
ASSA ABLOY AB/S (OTCMKTS:ASAZY) Receives Average Recommendation of “Hold” from Brokerages
ASSA ABLOY AB/S (OTCMKTS:ASAZY) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target […]
BIO-TECHNE Corp (NASDAQ:TECH) Director Sells $435,700.00 in Stock
BIO-TECHNE Corp (NASDAQ:TECH) Director Harold J. Wiens sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $217.85, for a total value of $435,700.00. Following the transaction, the director now owns 7,221 shares in the company, valued at $1,573,094.85. The transaction was […]
Critical Comparison: Standard Chartered (OTCMKTS:SCBFF) & Hanmi Financial (OTCMKTS:HAFC)
Hanmi Financial (NASDAQ:HAFC) and Standard Chartered (OTCMKTS:SCBFF) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, dividends, profitability, earnings and risk. Profitability This table compares Hanmi Financial and Standard Chartered’s net margins, return on equity and return […]
Varonis Systems Inc (NASDAQ:VRNS) Given Average Recommendation of “Buy” by Brokerages
Varonis Systems Inc (NASDAQ:VRNS) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that […]
$0.07 Earnings Per Share Expected for Alamos Gold Inc (NYSE:AGI) This Quarter
Brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year over year growth rate of […]
Bristol-Myers Squibb Co (NYSE:BMY) Given Consensus Recommendation of “Buy” by Brokerages
Bristol-Myers Squibb Co (NYSE:BMY) has been given a consensus recommendation of “Buy” by the nineteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price […]
Mkango Resources (LON:MKA) Trading 1.4% Higher
Shares of Mkango Resources Ltd (LON:MKA) traded up 1.4% during trading on Monday . The company traded as high as GBX 7.30 ($0.10) and last traded at GBX 7.25 ($0.10), 332,122 shares were traded during trading. A decline of 29% from the average session volume of 467,759 shares. The stock had previously closed at GBX […]
Atrium Mortgage Investment (TSE:AI) Hits New 1-Year High at $14.39
Atrium Mortgage Investment Corp (TSE:AI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$14.39 and last traded at C$14.33, with a volume of 30830 shares. The stock had previously closed at C$14.24. AI has been the topic of several recent analyst reports. TD Securities boosted […]
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) Stock Price Up 0%
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) shares rose 0% on Monday . The stock traded as high as $88.11 and last traded at $88.11, approximately 16 shares traded hands during trading. A decline of 100% from the average daily volume of 4,722 shares. The stock had previously closed at $88.09. The firm’s 50 day […]
Analysts Expect Icon Plc (NASDAQ:ICLR) Will Announce Earnings of $1.83 Per Share
Brokerages predict that Icon Plc (NASDAQ:ICLR) will report earnings of $1.83 per share for the current quarter, according to Zacks. Six analysts have made estimates for Icon’s earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.81. Icon posted earnings of $1.62 per share during the same […]
Intertek Group (ITRK) – Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for Intertek Group (LON: ITRK): 12/9/2019 – Intertek Group had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. 11/27/2019 – Intertek Group had its “neutral” rating reaffirmed by analysts at UBS Group AG. 11/27/2019 – Intertek Group had its price target […]
Brokerages Set Great Portland Estates PLC (LON:GPOR) Price Target at GBX 724.09
Great Portland Estates PLC (LON:GPOR) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The […]
Insider Selling: Parex Resources Inc (TSE:PXT) Director Sells 90,000 Shares of Stock
Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 90,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.05, for a total transaction of C$1,804,500.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued […]
Azimut Exploration (CVE:AZM) Hits New 52-Week High at $0.50
Azimut Exploration Inc. (CVE:AZM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.50 and last traded at C$0.50, with a volume of 40200 shares. The stock had previously closed at C$0.46. The company has a market capitalization of $26.11 million and a P/E ratio of -98.00. […]
Zacks: Alamo Group, Inc. (NYSE:ALG) Given Average Recommendation of “Buy” by Analysts
Alamo Group, Inc. (NYSE:ALG) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Brokers have set a 1-year consensus target […]
iPath Series B Bloomberg Cotton Subindex Total Return ETN (NYSEARCA:BAL) Stock Price Down 1%
iPath Series B Bloomberg Cotton Subindex Total Return ETN (NYSEARCA:BAL) was down 1% during mid-day trading on Monday . The company traded as low as $38.71 and last traded at $38.71, approximately 130 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 4,426 shares. The stock had previously […]
Zacks: CNS Pharmaceuticals Inc (NASDAQ:CNSP) Receives Average Rating of “Strong Buy” from Brokerages
Shares of CNS Pharmaceuticals Inc (NASDAQ:CNSP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Zacks has also assigned CNS Pharmaceuticals an industry rank of […]
Comstock Metals (CVE:CSL) Sets New 12-Month Low at $0.02
Shares of Comstock Metals Ltd (CVE:CSL) hit a new 52-week low on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 100000 shares traded. The stock had previously closed at C$0.02. The firm has a market cap of $1.39 million and a P/E ratio of -0.30. […]
Viper Energy Partners LP (NASDAQ:VNOM) Receives $39.87 Average PT from Brokerages
Shares of Viper Energy Partners LP (NASDAQ:VNOM) have earned an average rating of “Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong […]
Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $35.73
Huazhu Group Ltd (NASDAQ:HTHT) has earned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price […]
Don’t let unwise December spending result in ‘Januworry’
Legodi cautioned against the services of loan sharks in January
Macron's France: Fifth Day of Anti-Reform Strikes Cripple Paris
Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways.
Jury Rules You Can Call Elon Musk A Pedo Guy
It took a federal jury in Los Angeles less than an hour to throw out a $US190 ($278) million defamation case against Elon Musk. Calling someone a “pedo guy” to an audience of millions of Twitter followers isn’t an accusation, the jury decided, because words are tricky little devils that can mean a lot of things...
This Isn't How I Wanted Street Trucks To Come Back
Think there are too many kinds of milk these days? Relate to the protagonists of Bon Jovi ballads with no sense of irony? Saddle up steel cowboy, and climb into this bitchin’ pickup truck with 770 HP and an interior to match your ill-fitting pleather jacket....
Airtel Launches Non-expiry Data Bundles, 5MB To Sell At Ksh1
Kenya's second-largest telco Airtel has launched non-expiry data, months after its rival Safaricom launched a similar product.In the new plan, 5MB of data will cost Ksh1, and a Ksh2 call rate acro
Jumia Closes Shop In Rwanda Days After Exiting Cameroon, Tanzania
Jumia has closed its shop in Rwanda after six years of operation, days after exiting Tanzanian and Cameroonian market.In a message to its customers the New York-listed e-commerce platform said it
Cytonn Ranks KCB As The Most Attractive Bank In Q3 of 2019
Cytonn Investments has ranked KCB Group as the most attractive bank in Kenya, in its Q3 2019 Banking Sector Report.The multi-investment company says that KCB's ranking is as a result of a strong f
'You guys are based in California, not Ukraine, right?' — an analyst mocked Trump's CrowdStrike conspiracy on the firm's earnings call
An analyst mocked Donald Trump's false claim that CrowdStrike is a Ukrainian company, during the American cybersecurity firm's latest earnings c...
The Fed's recent repo crisis was the fault of big banks and hedge funds, new study finds
September's repo-rate spike was driven by big banks and hedge funds, the Bank for International Settlements wrote in a report released Sunday. T...
The US has become one of the lowest-taxed countries in the world. Here are the 6 other nations with the smallest tax burdens.
The US tax burden slid to among the lowest for major global economies in 2018. It now sits above just Ireland, Chile, and Mexico, according ...
The US raked in a record $7.2 billion in tariffs in October, new data shows
The US government collected a record amount in tariffs in October as a trade dispute between the Trump administration and China escalated. Reven...
Virgin Galactic leaps after Morgan Stanley says the company's stock can jump 203% over the next year
Virgin Galactic stock surged as much as 21% on Monday after Morgan Stanley initiated coverage on the company with a buy-equivalent rating The fi...
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule skyrocketed as much as 102% in early Monday trading after Merck agreed to acquire the company in a $2.7 billion tak...
Mac Power Users, Episode 513 – Catalyst Apps on the Mac, with John Voorhees
It was a pleasure to spend time with David Sparks and Stephen Hackett talking about Catalyst apps on the Mac for episode 513 of Mac Power Users. I’ve spent a lot of time thinking about and covering Catalyst for the past 18 months since Apple gave developers a sneak peek at it during WWDC in
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Smell and health worries over chicken farm plan
Opponents of a proposals to build a 120,000-chicken farm in Llangadfan say the area is already struggling to cope with intensive farming practices.
Clean-up operations begin after Ironbridge cooling towers demolition
Clean-up operations were beginning at Ironbridge power station today following the demolition of the cooling towers.
Hotel occupancy law not designed to tax Imo citizens arbitrarily —Ihedioha
Gibson Achonu, Owerri Governor Emeka Ihedioha of Imo State has said that one of the three bills he signed into law recently is not designed to tax Imo citizens arbitrarily. Rather, he said, ...
FG to sign MoU with Russian firm on Ajaokuta
Godwin Isenyo, Kaduna The Federal Government will sign the Memorandum of Understanding with a Russian firm for the resuscitation of the multi-billion naira Ajaokuta Steel Rolling Mill in January...
Foreign capital inflows into telecoms rise by $659.03m
The country’s desire to deepen broadband penetration nationwide is hinged on capital investment into the telecom sector. IFE OGUNFUWA examines how the sector has fared in investment in the past two...
10 things to know about new FIRS chairman, Muhammad Nami
Sodiq Oyeleke President Muhammadu Buhari on Monday nominated Muhammad Nami as the new chairman of the Federal Inland Revenue Service. Subject to Senate confirmation, Nami is expected to repla...
Reps decry eight NAF crashes in four years, grill CAS
Leke Baiyewu, Abuja The House of Representatives has criticised the Nigerian Air Force for the incessant crashes recorded recently, leading to the loss of lives and aircraft. The Chief of Air...
White House, Democrats close to USMCA trade deal: report
The White House and House Democrats are on the verge of a new North American trade deal in what would give President Trump a signature legislative victory. The Washington Post
Recycling returns to Golden Plains Shire
Recycling collected in Golden Plains Shire will no longer automatically go to landfill from next week.
Creswick Woollen Mills: Huge upgrades unveiled
More than $1 million was injected into the tourist attraction
Tullow’s shares go down by 50 percent as CEO resigns over poor performance in Ghana
The shares of Tullow Oil Plc on the London Stock Exchange (LSE) dropped by over 50% as its CEO, Paul McDade resigned due to the poor performance in its Ghana operations.
Financial sector clean-up: Government of Ghana waiting on Parliament's approval for GH¢15.6billion bailout
The government of Ghana says it is on course to secure Parliamentary approval for GH¢15.6 billion bailout for the financial sector clean-up.
Nigeria's weak operating environment is still a challenging factor for the banking sector
Moody's Investors Service has said that Nigeria's weak operating environment posed a challenge to the banking sector in maintaining the recent improving trend, particularly as regards asset quality, given the increasing bank lending.
12 high profile Lawyers Sonko has hired to represent him
His bail hearing is on going
U.S. Lobbyists Seek Brexit Deal That Raises Drug Prices, Shreds Consumer Safeguards
The Brexit deal may be a Trojan horse for U.S. corporate interests, from Silicon Valley and American pork to pharmaceuticals.
Samsung Executives Jailed For Two Years Following $3.9 Billion Fraud Case
Korean tech giant Samsung is in trouble with the law once again as three executives have been sentenced to prison today. Take a look here!
iDreamSky in Talks to Buy Gaming Company Leyou for $1.4 Billion
iDreamSky has entered negotiations for the takeover of Leyou Technologies and has reportedly submitted a $1.4 billion bid.
China Fires Another Salvo as the Trade War Kicks into High Gear – Orders Government Offices to Purge Western Tech
China is planning to purge all public offices of foreign-sourced technology in a policy that has come to light only recently.
Apple Price Target Set At $342 As Analyst Speculates On Apple Glasses In 2020
Cupertino tech giant Apple continues to witness optimism from investors as China's Renaissance Bank sets record price target for stock.
First batch of NFCP deployment will be awarded in January 2020
The Malaysian Communications and Multimedia Commission (MCMC) has announced that the NFCP 1 will be awarded to successful licensees that have been selected through a tender process in early January 2020. The NFCP 1 will cover a total of 153 locations which consists of 94 mukim in 8 states such as Johor, Kedah, Kelantan, Negeri Sembilan, Pahang, Perak, Terengganu and Sabah.
Facebook’s business strategy for the future: Conversational commerce
Facebook explains how they plan to develop commerce across their family of apps, with a focus on helping businesses grow, scale, and compete.
Join Dorsett's carnival to raise funds for children in need
Dorsett Hospitality International with its group of hotels is hosting the TLC Carnival Day on Dec 14 and 15 at Dorsett Grand Subang, to raise funds for children in need of long-term medication.
#Showbiz: I'm still Finas CEO, says Ahmad Idham
KUALA LUMPUR: Ahmad Idham Ahmad Nadzri refused comment on speculations that he had been asked to take leave from carrying out his duties as chief executive officer of the National Film Development Corporation (Finas).
Airasia sees non-airline segment as top earner
KUALA LUMPUR: AirAsia Group Bhd (AirAsia) believes the non-airline businesses under its subsidiary RedBeatVentures have the potential to outperform the airline business in the next two to three years.
Airbnb invests as Zeus corporate housing raises $55M at $205M
As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer-term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living, which will list […]
Why Your Budget Needs 'Sinking Funds'
In last week’s post on How to Budget for Unexpected Expenses, I described sinking funds as “one of the best budgeting hacks ever,” which means it’s time for me to tell you how they work....
Why You Need To Replace Your Surge Protectors
If you’re using surge protectors in your home, you might want to consider replacing them, especially if you can’t remember when you bought the ones currently in use....
Invest In Crypto Stocks Instead Of Actual Cryptocurrency
Just a few short years ago, buying up cryptocurrency was all the rage. In theory, you could spend a little on Bitcoin or one of the other popular cryptocurrencies, and cash out with an astonishing rate of return....
Eddie Cross: It cannot be Business as Usual in 2020
By Eddie Cross If there is one thing our leadership has to understand as we approach Christmas this year, it is that in 2020, we cannot continue to do things the way they have been done in the past decade. We go out of 2019 with so many areas of failure in terms of policy and activity that it is difficult to pick them out and deal with them one by one. So this weekly letter is going to cover my personal wish list for my country in 2020.
28-year-old atop one of world's oldest fortunes faces backlash
Hugh Grosvenor, the seventh Duke of Westminster, is the U.K.’s third-richest person and considered by some its most eligible bachelor.
Pace of housing starts edges up on strength in B.C., Alberta
The national housing agency says the seasonally adjusted annual rate for November was 201,318 units, up 0.3 per cent from 200,674 units.
Bitcoin in wait-and-see mode as downward trend persists
With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout.
Fed’s repo action for year-end crunch point oversubscribed
The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, indicating that participants are still hungry for funding to take them into 2020.
Wattpad to open second headquarters in Halifax in early 2020
The storytelling platform said Monday that starting early next year it will have a team based out the 60,000-square-foot Volta innovation hub in the city's downtown core to better integrate with the local tech community.
Costco talk continues Tuesday with Lake Stevens City Council
Last time, there was no vote on the proposed wholesale store. Now the council has another chance.
Airbus stock outperforms Boeing as 737 uncertainty continues
Some expect Airbus’s shares to continue to benefit from the confusion in 2020.
'Thomas Cook crash almost ruined my marriage proposal'
First, the tour firm's failure risked a surprise marriage proposal, now Corryn Banham is trying to get her money back.
Co-op Refinery transporting staff via helicopter as job action continues
The Co-op Refinery says it is using helicopters to transport staff into the Regina facility as job action continues.
The best and worst regional housing markets
CoreLogic names the best and worst performing regions in the country.
CEOs want urgent action to boost economic growth
Chanticleer's annual survey of 40 CEOs has uncovered some sage advice for government on how to kick-start the economy.
$251m equity raising a bridge too FAR?
FAR's $US350 million debt raising is in train but it is also seeking to sell a big equity stake.
Paul Volcker, former Federal Reserve chairman, dies at 92
The economic statesman's greatest historical mark: shocking the US economy out of a cycle of inflation and setting the stage for a generation of prosperity.
UBank adopts Basiq's AI-powered tools to help Millennials budget
Open banking will help the NAB subsidiary crunch data to help younger customers save more.
Scott Morrison doesn't know the meaning of productivity
Productivity won't save the economy when wages and demand growth have hit the floor.
Banks to quiz borrowers about Netflix, private school
Lenders should be asking customers to prove they can save money for loans by cancelling their Netflix subscriptions under new responsible lending guidelines.
A bold escape from a negative rate world
The Riksbank will be the first central bank in Europe to exit negative rates, which have fostered political and social discontent without any material economic recovery.
Macron has failed to lift France's gloom
A nation distrustful of change cannot bring itself to look at the facts.
CEOs call for fiscal stimulus
Australia's top business leaders say infrastructure spending, tax cuts and investment breaks should be used to boost sluggish growth.
Caltex indolence invited takeover bid
Dozy oversight of cruising management has all but goaded a bidder out of the woodwork.
Business leaders in their own words on policy
Australian business leaders reveal what they want from government - and the big opportunity Australia missed in the past decade.
Kenneth Hayne's climate rebuke 'unfair'
Australia's biggest pure-play coal miner believes the High Court judge's criticism of Australian company directors on climate risk was unfair.
French-listed behemoth Elis weighs bid for Spotless Laundries
French behemoth Elis is weighing a bid for Spotless' commercial laundries business.
Cooper Energy poised to get its Sole, Downer leaves site
Cooper Energy is close to unlocking gas from its Sole project in south-eastern Victoria.
Satoshi Nakaboto: ‘Ermahgerd, there’s a Bitcoin node in the International Space Station now’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
Nvidia lawyer pushes court to dismiss cryptocurrency mining chip lawsuit
Graphics card manufacturer Nvidia is fighting to have a lawsuit dropped that alleges it misled investors over its failed cryptocurrency mining chip.
FBI and US Marshals warn of heinous scammers demanding payments via Bitcoin ATMs
The United States Marshals and Federal Bureau of Investigation don't want you to forget about Bitcoin scammers pretending to be people they're not.
Moonday Mornings: IRS readies to tax your cryptocurrency — no matter what
It's the start of another week and that means it's time for Hard Fork's wrap-up of the weekend's top cryptocurrency and blockchain headlines.
Exclusive: PR software firm exposes data on nearly 500k contacts
iPRSoftware exposed data on 477,000 media contacts, including 35,000 user password hashes, to the public internet via an Amazon Web Services repository.
FG to sign MoU on Ajaokuta Steel in January 2020 — Minister
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite has said that the Federal Government will sign a Memorandum of Understanding (MOU)...
ICPC discovers projects in Imo without contract agreement
A team of the federal constituency Project tracking in Imo state, led by the Independent Corrupt Practices Commission, ICPC.
Group moves to create market window for rice farmers
The Nigeria Farmers Group and Cooperative Society (NFGCS), has moved to create a larger market window for farmers by aggregating rice paddy across
Climate change threatens food supplies
Climate change threatens food supplies if extreme weather conditions hit more than one grain producing region at a time, scientists warned Monday.
Buhari jets out to Egypt on Tuesday
President Muhammadu Buhari is expected to depart Abuja Tuesday for Aswan, Egypt to attend the Aswan Forum designed to set.
Breaking: Nigeria has suffered over 8 air crashes since 2015 — Gbajabiamila
Speaker of the House of Representatives, Femi Gbajabimaila has regretted incessant military air crashes in the country, placing the number at 8...
Power sector privatisation, grand scheme to defraud Nigeria ― Lawan
The Nigerian Senate President, Ahmad Lawan stated that the privatization of the power sector was a grand scheme conceived with intention to defraud Nigeria.
FIRS: Buhari appoints Nami to replace Fowler (Updated)
President Muhammadu Buhari has appointed Mohammad Nami, a renowned tax consultant to replace the Chairman of Federal Inland Revenue Service, FIRS....
Anti-Corruption War: FG unveils financial transparency policy/open treasury portal
The Federal government on Monday launched a Financial Transparency Web Portal to enhance accountability and transparency i
Electricity vandals throw nine Anambra communities into darkness
EEDC on Monday said that about nine communities were affected by the power outage resulting from vandalism of Enugwu-Ukwu 33KV line.
Breaking: Over 100m Nigerians earn less than N700 per day — EFInA
A survey report by EFInA has shown that over 100 million Nigerians earn less than N700 per day which limits them to save, make income or take risks on...
Anambra Business and Investment Roundtable seeks to shape the future
The 3rd edition of the Anambra Business and Investiment Rountable (ABR) took place on November 25, 2019; the theme was “Beyond Infrastructure
FG targets $500 AfDB loan to boost technological innovation
The Minister of Industry, Trade and Investment, Richard Adebayo, said the Federal Government has initiated moves to secure a $500 millon (AfDB) fund
Israeli FM vows ‘hundreds of Tomahawk missiles at Tehran’ if Iran crosses red line
BEIRUT, LEBANON (1:00 P.M.) – Israeli Foreign Minister Israel Katz threatened a military operation against Iran if they crossed a “red line” in the region. Katz told the Italian newspaper Corriere della Sera Saturday on the sidelines of the Mediterranean Dialogues (MED) conference in Rome.that a potential Israeli attack on Iran was “an option.” “If Iran crosses the red line, it will discover a unified front between Saudi Arabia, UAE and the United States, which will launch hundreds of Tomahawk missiles at Tehran,” he said. By the red line, Katz meant, “We will not allow Iran to acquire or stockpile nuclear weapons. If that is the last option – we will act militarily.” Iran has repeatedly enunciated its nuclear program as exclusively civilian, subject to the most intensive UN supervision ever.
Africom confirms Russian air defense system downed US drone in Libya
U.S. Africa Command (Africom) has confirmed that an unarmed American drone over the Libyan capital last month was shot down by Russian air defenses, reported Reuters. Africom dropped three headlines via Reuters in the overnight, revealing how the surveillance drone was shot down over Tripoli. The headlines specify Russian military contractors have operated alongside east Libya-based commander Khalifa Haftar in Libya’s bloody civil war. The contractors used Russian missile defense systems last month to shoot down a US drone. Africom’s Gen. Stephen Townsend told Reuters in a statement that he believes the Russian air defense operators “didn’t know it was a US remotely piloted aircraft when they fired on it.” “But they certainly know who it belongs to now and they are refusing to return it. They say they don’t know where it is, but I am not buying it,” Townsend said.
Bishop Aude says Lebanon is being ruled by ‘one person and an armed group’
BEIRUT, LEBANON (10:00 A.M.) – The Metropolitan bishop of the Greek Orthodox Church of Antioch for the Archdiocese of Beirut, Elias ‘Aude, said Lebanon was being ruled by “one person and an armed group” during his sermon on Sunday. Bishop ‘Aude made the comment during the mass marking the 14th anniversary of Gebran Tueni’s assassination. “This country is being ruled today by one person we all know, and no one speaks and by a group that is ruling us by arms,” the bishop said. The ‘person’ the bishop is referencing Hezbollah’s Secretary-General Sayyed Hassan Nasrallah.
Senate passes amendments to 10 articles of trade union law
The Senate on Monday approved draft amendments to 10 articles of the Law on Trade Unions at the fourth session of the fourth legislature. It did so without modification, following its approval by the National Assembly last month. The 10 articles comprise Articles 3, 17, 20, 21, 27, 28, 29, 54, 55 and 59 of the Law on Trade Unions, which was promulgated in 2016.
Iraq military complex housing US forces slammed by rockets, says army
Several rockets slammed into an Iraqi military complex that hosts US forces next to Baghdad International Airport on Monday, wounding six Iraqi troops, the military said in a statement. Security forces found launchers with rockets that had not been fired properly, indicating a larger attack was planned, the military said.
5 Cryptocurrency Trading Tips (By a Trader)
The difference between an unprofitable or slightly profitable trader, and a wildly profitable cryptocurrency trader, are often just a few tiny tweaks to the trader’s mentality and strategy.
IIB Board of Directors in Budapest Summed up the Results of 2019: Successful Completion of Relocation to Europe, Record Growth of Loan Portfolio and Key Performance Indicators
On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history.
Trump Has Urged the World Bank to Stop Lending Money to China
US President Donald Trump has called on the World Bank to stop lending money to China, BTA quoted Reuters as saying. This is his second strike on Beijing at a time when the two sides are continuing negotiations on a trade deal.
Cash doubt over £13m Arbroath dual-carriageway scheme
A divide over Arbroath active travel proposals to transform the town-splitting A92 dual carriageway has seen a bid to halt the multi-million pound scheme blocked.
Health and safety probe rules no action needed after A9 worker crushed by falling cabin
Health and safety chiefs have recommended no further action after a probe into an industrial accident on the A9 near Perth.
Fife railway enthusiasts to bring UK’s oldest industrial locomotive back into use
A locomotive which was the oldest in industrial use in the UK will be back on the tracks next year after being gifted to Fife railway enthusiasts.
Courier readers can donate £5 to charity for chance to win jewellery worth £1,200+
Courier readers are being offered the chance to own treasures they helped harvest in a nationwide charity appeal which has already raised over £20,000.
SPONSORED: Unprecedented reduction in member commission rates at ANM
Aberdeen & Northern Marts (ANM) has announced a transformational change to livestock commission rates bringing significant reductions for customers who are shareholders in its co-operative business.
National Bid from Ethio Telecom
Invitation to National Competitive Bid (NCB) for the procurement of UR Connector and UY2 connectorFloating Date: As of December 09,2019 RFQ.NO3681901 and 3681902Closing Date: January 9,2019
International competitive bid from Ethio Telecom (Tender)
Floating Date: AS of December 10,2019 RFQ No.3681940 and 3681941Closing Date: January 02,2019 1. Ethio telecom invite all interested and eligible bidding by this international Competitive Bid (ICB) for the procurement of Network Security operation and maintenance Training (Advance Lepel) and IPv6 Bearer Network Training Advance level) with RFQ No.3681940 and 3681941. Tender remains floating from December 10,2019 to January 02, 2019. Extension of Bid Opening Date Bid Ref.No ET-MANR-126947-GO-RFB
Abyssinia Bank makes one billion birr profit
Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the financial year concluded June 30, 2019.
2019 Winter Meetings Live Blog: Bids on Cole expected to exceed $300M
Follow along here for the latest news and rumours from the MLB Winter Meetings, including updates from Shi Davidi and Ben Nicholson-Smith of Sportsnet.ca, who are reporting on the scene at the Manchester Grand Hyatt in San Diego…
Shopping local is part of a vibrant community
Buying locally is an integral part of what it takes to have a healthy and vibrant community. By encouraging our consumers to do their holiday shopping in locally owned businesses it increases the measurable effect that every dollar spent in a local business has on local economies.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
All practising lawyers in B.C. will be required to take a six-hour online course covering these areas
Mbalula’s Prasa-administration announcement is welcomed by Scopa
Transport Minister Fikile Mbalula’s announcement that he had decided to place state-owned Passenger Rail Agency of South Africa under administration with immediate effect has been welcomed by the Standing Committee on Public Accounts.
Medupi is a fitting symbol of the importance of our SOEs – Ramaphosa
The problems with the construction of Medupi and Kusile power stations account for much of the financial crisis at Eskom, says President Cyril Ramaphosa, but they are a fitting symbol of the importance of the country’s state-owned enterprises.
Nissan likely to be fined $22 million by Japan's markets watchdog
Japan's markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday. Nissan's former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring pe
Climate change policies are going to be costly, says U.N.-backed report
Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report. Rules aimed at lowering carbon emissions are expected to accelerate in the coming years as countries scramble to meet obligations under the 2015 Paris climate agreement limiting global warming. "As the realities of climate change catch up, social pressure mounts, and low car
Volkswagen charged with violating vehicle emission standards in Canada
Volkswagen was charged with 60 counts of breaching the Canadian Environmental Protection Act by importing vehicles that did not conform to prescribed emission standards, Environment and Climate Change Canada said. The company did not immediately respond to a Reuters request for comment.In 2015, the agency launched an investigation into the importing of certain vehicle models allegedly equipped with a prohibited "defeat device".
BuzzFeed UK threatened with being dissolved over late accounts
The online media business is already more than two months late and risks fines unless it files its 2018 financial information soon.
High Court adjourns Angela Kerins' damages claim over PAC treatment
A damages claim by former Rehab CEO Angela Kerins over her treatment by the Dáil Public Accounts Committee has been adjourned at the High Court to January.
More than 150 jobs lost as Rondo Food closes Arklow plant
More than 150 jobs are to go in Co. Wicklow with the closure of a dog food manufacturer.
Banks could face forced legacy systems cull
RBA floats closure of direct debits for real-time automation.
Labour group accuses Google of illegally firing workers to stifle unionism
Communications Workers of America union files federal labour charge.
Global financial watchdogs take aim at Big Tech's data dominance
Could be forced to share data on financial services customers with banks.
US FTC finds Cambridge Analytica deceived Facebook users
Impacts of finding on defunct consultancy unclear.
Trade war goes digital: countries eye tariffs on Internet economy
Potentially forcing people to pay duties on software and movie downloads.
Govts agree on national API standards
To keep IT systems interoperable.
GBP positioning higher ahead of election – ING
According to CFTC data for the week between 27 Nov-3 Dec, speculative investors have trimmed some GBP shorts with latest polls keep cementing the pros
Russia: CBR prepping to cut another 50bps – TDS
Analysts at TD Securities are expecting the CBR to cut the Key Rate by another 50bps to 6.00% on Friday. Key Quotes “The consensus is less dovish and
USD/CAD price analysis: Greenback trades sideways against Canadian dollar, near 1.3250 level
The loonie on the daily chart is consolidating last Friday’s surge. This Monday, the spot is trading quietly between the 100 and 200-day simple moving averages
EUR/USD price analysis: Euro erases most of the intraday gains, challenges the 1.1059 support
The common currency, on the daily chart, is trading below its 200-day simple moving average (DMA).
USD/CAD falls toward 1.3220 as WTI rebounds to $59
After spending the majority of the day moving sideways near 1.3250, the USD/CAD pair lost its traction during the American trading hours and slumped t
AUD/USD struggles to recover despite modest USD weakness, trades around 0.6820
The AUD/USD pair snapped its four-week losing streak last week but seems to be having a tough time pushing higher on Monday. After moving sideways bel
Gold clings to modest gains above $1460 level, lacks follow-through
Gold edged higher on the first day of a new trading week and recovered a part of Friday's post-NFP slide to multi-day lows. The latest US monthly jobs
AUD/USD price analysis: Australian dollar stuck near daily highs, challenging 0.6836 resistance
After the initial bullish breakout at the start of December, AUD/USD is remaining in range near the 200-day simple moving average (DMA).
GBP/USD: A close above 1.3187 is pivotal – Commerzbank
In the view of Karen Jones, an analyst at Commerzbank, the GBP/USD pair is looking northwards on the UK election, with the bias to be confirmed on a c
India: Analysing the fiscal impact of income tax cuts – Standard Chartered Bank
Economist at Standard Chartered Bank offered their take on the fiscal impact of an expected personal income tax cut – aimed at boosting consumption de
FOMC to leave the target range unchanged – NBF
According to analysts at National Bank Financial, the highlight of the week will be the central bank’s monetary policy meeting in the US. Key Quotes “
NZD momentum finally reflected in positioning – ING
As per the CFTC data for the week between 27 Nov-3 Dec, the New Zealand dollar net speculative positions dropped by 13% of open interest, and is now a
USD/JPY drops to fresh five-day lows below 108.50
After losing its momentum ahead of the 110 handle at the start of the previous week, the USD/JPY pair reversed its course and closed with a weekly los
AUD/USD slides to 0.6820 horizontal support
The AUD/USD pair refreshed daily lows during the early European session on Monday and is currently placed near the 0.6820 horizontal support. The pair
Fed unlikely to move policy this week – Deutsche Bank
Deutsche Bank analysts suggest that the US Fed is not expected to move policy by anyone this week and is likely to maintain status quo. Key Quotes “Th
USD/JPY Technical Analysis: Turns vulnerable below 50-DMA, ascending trend-line confluence support
The USD/JPY pair extended last week's pullback from six-month tops and remained depressed for the third consecutive session on Monday, also marking it
US: CPI likely to post +0.2% mom increase – Deutsche Bank
According to Deutsche Bank analysts, the main highlight for the US markets is CPI release on Wednesday and the retail sales figures on Friday. Key Quo
USD/CAD Technical Analysis: Bulls gearing up for a move towards reclaiming 1.3300 handle
The USD/CAD pair extended its sideways consolidative price action through the mid-European session on Monday and remains confined in a narrow trading
GBP/USD price analysis: Cable hanging near seven-month highs below 1.3180 key resistance
The market is hanging near seven-month highs, flirting with levels last seen in early May 2019. In the New York session, the market is trading flat just above
ECB to leave the interest rates unchanged this week – Deutsche Bank
Deutsche Bank analysts suggest that the market is expecting no changes in interest rates from the ECB this week but the meeting will be closely watche
EUR/USD keeps highs as Eurozone Dec Sentix Investor Confidence beats estimates with +0.7
Investor confidence in the Eurozone improved sharply in December amid looming US-China trade tensions and German recession, the latest data published
Gold price analysis: XAU/USD under pressure near four-month lows, trades below $1465/oz
Gold remains under bearish pressure near four-month lows below the 1465 resistance and the 50/100 SMAs.
BoC to cut rates just once in 2020 – TDS
Analysts at TD Securities have changed their call and are now looking for the Bank of Canada to cut rates just once in April 2020. Key Quotes “While t
Gold Technical Analysis: The set-up seems tilted in favour of bearish traders
Gold regains some positive traction amid persistent trade uncertainty. The upside is likely to remain capped ahead of the FOMC policy update. Gold rem
Fed to reiterate its comfort with policy as it is, with little change in the projections – ABN AMRO
Previewing this week's Federal Open Market Committee (FOMC) meeting, "the Fed is widely expected to keep policy rates on hold at the conclusion of the
EUR/USD Technical Analysis: Flirting with daily tops, around 1.1075 region
The EUR/USD pair built on its intraday positive move and is currently placed near the top end of its daily trading range, around the 1.1075 region. Th
Canada: Building Permits declined by 1.5% in October vs. +2.9% expected
The total value of Building Permits issued by Canadian municipalities declined by 1.5% to $8.3 billion on a monthly basis in October and fell short of
Wall Street starts new week on back foot
Wall Street's main indexes started the first day of the week in with modest losses as investors refrain from making large bets while waiting for fresh
USD/JPY: Bears losing their grip as market attempts to bottom
USD/JPY is trading on the bid in the US session following a rise from 108.42 the low to a high of 108.66. The US dollar is holding up despite a strong
USD/CAD consolidates in a range, around mid-1.3200s
The USD/CAD pair extended its sideways consolidative price action through the early European session on Monday and remained confined in a narrow tradi
USD/CHF starts new week quiet around 0.9900
Despite a 30-pip rebound fueled by the broad-based USD strength on Friday, the USD/CHF pair erased 100 pips for the week and is now staying flat on th
GBP/USD retreats modestly from eight month highs to the 1.3130 area
The GBP/USD dropped from 1.3180 -the highest level since early April- to 1.3135 following the release of a new poll ahead of the general election in t
Canada: Firm housing starts data for November – RBC
Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian housing starts were little changed at 201,000 in November with six-mon
UK election: PM Johnson's Conservatives' lead over Labour drops to 6 points
Support for British Prime Minister Boris Johnson's Conservative Party stayed unchanged at 42% while support for the Labour Party increased by 1 point
NZD/USD consolidates last week's gains, trades above mid-0.65s
The NZD/USD pair registered one of its largest weekly percentage gains last week as it added more than 140 pips to close at 0.6563. However, with inve
Fitch: Smoother Italy-EU relations do not remove fiscal uncertainty
Political divisions and differing policy views within Italy's governing coalition are likely to constrain meaningful tax & structural reforms, Fitch R
GBP/USD eases from 8-month tops, still comfortable above mid-1.3100s
The GBP/USD pair spiked to fresh eight-month tops during the early part of Monday's trading session, albeit quickly retreated around 20 pips thereafte
WTI drops 1% towards $ 58.50 amid trade tensions, weak China exports
WTI (oil futures on NYMEX) is down over $1 from three-month highs of 59.85 reached last Friday after the OPEC and its allies (OPEC+) agreed to deepen
WTI continues to erase OPEC-inspired gains, inches closer to $58
Crude oil prices gained traction on Friday after the OPEC and its allies (OPEC+) announced decision to deepen supply curbs by 500,000 barrels per day
Mexico President Obrador: Senators have accepted proposed changes to USMCA
Mexican President Andres Manuel Lopez Obrador on Monday announced that Mexican senators have accepted the proposed changes to the United States-Mexico
US Agriculture Sec. Perdue: Do not believe tariffs will be implemented on December 15th
United States Agriculture Secretary Sonny Perdue crossed the wires in the last minutes saying that he does not believe the tariff hike will go into ef
European companies minimise risks from US-China trade war
European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday.
Once propped up by Qatari high-rollers, Saudi city prays for truce
Jackhammers and cranes gather dust at half-built Qatari-funded hotel sites in a Saudi city hit hard by an abrupt diplomatic rupture, but signs of thawing cross-border ties are reviving economic hopes.
World's 'largest collection' of rare whiskies on sale
Lovers of very expensive whisky will get the chance to bid on nearly 4,000 rare bottles acquired by a late US soft drink bottling company executive.
US pharma and biotech lobbyists' documents reveal their plan to gouge Britons in any post-Brexit trade-deal
Both Phrma (the lobby for the global pharmaceutical industry) and Biotechnology Innovation Organization (biotech lobbyists) provided letters to a US-UK government meeting to discuss post-Brexit tra…
Pampering with purpose: How a small B.C. business is helping arctic animals
A small skin care company based out of Mission, B.C. is part of a new set of products for which proceeds go to support arctic environmental causes - Canada's snowy north and its beautiful inhabitants that need help in the face of climate change.
How a nuclear plant got hacked
India's Kudankulam Nuclear Power Plant (KNPP) publicly admitted they discovered malware on their networks. It likely could have been easily avoided.
20 years since discovery, still no drugs to fight Nipah, scientists warn of potential epidemic
Since its discovery in Malaysia and Singapore in 1999, a number of deadly Nipah outbreaks have occurred in South and Southeast Asian countries. In Kerala, 16 of the 18 infected had died.
Petrol price hits Rs 75 per litre mark, diesel crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre.
Man suffers cardiac arrest in queue to get subsidised onion
With the onion prices touching Rs 180 per kilo in retail market, people have been making a beeline to the Rythu Bazaars where the government is selling onions at a subsidised price of Rs 25 per kilo.
FMBN has low capital base – MD
The FMBN does not have a strong capital base and this is affecting the availability of low-cost housing in Nigeria.
Stay ahead of your competitors with these tips
You will only achieve success if you run your business on your own terms, and not fall prey to chasing after rivals in your industry.
Uncertainty over FIRS boss reappointment, as his tenure ends
The tenure of Babatunde Fowler as the Chairman of the FIRS ended last weekend and his special adviser has been announced as his replacement.
CBN: Unconventional monetary policies needed to grow and diversify the economy
The CBN has disclosed that the need to grow and diversify the country’s economy led to the adoption of its unconventional monetary policy.
Over 100 million Nigerians earn less N700 daily – UK’s EFInA
The United Kingdom’s Enhancing Financial Innovation and Access (EFInA) has disclosed that over 100 million Nigerians earn less than N700 per day.
PMI: Nigeria’s manufacturing sector gains momentum in November
Nigeria’s manufacturing sector has continued to gain momentum as it rallied to build on the growth recorded in the third quarter of 2019.
Prestige Assurance appoints new Managing Director
Prestige Assurance Plc has appointed Sarberswar Sahoo as its new Managing Director following the expiration of Dr Balla Swamy’s tenure.
Debt profile: MAN raises concerns over Nigeria’s rising figures
Manufacturers in Nigeria have disclosed that President Buhari's request for more loan to fund the 2020 budget is a serious source of concern.
These are the sad reasons Nigerian airlines struggle and fail
The CEO of AMCON, Mr Ahmed Kuru, has listed out the factors responsible for the failure of airlines in Africa’s largest economy.
Analysis: FCMB is running out of time
Despite some of the transformations currently being recorded in the bank, success and consistency seem to be eluding it.
Scottish aristocrat and estranged wife disagree where to fight for sizeable estate
An aristocrat and his estranged wife who disagree over where they should stage a fight over money have begun the latest round of an Anglo-Scottish legal battle which has spanned more than four years.
St Andrews luxury hotel and golf course sold to Hong Kong investors
Fairmont St Andrews, one of Scotland’s most prestigious hotels, has been sold to a new Hong Kong property company targeting global investments in the golf and hospitality industries.
Record outcome for Edinburgh legal firm Anderson Strathern
Mid-tier legal firm Anderson Strathern has booked record full-year results as it continues to secure high-profile work.
Record Black Friday for Livingston Designer Outlet as sales hit highest levels in 19-year history
A West Lothian shopping centre has cheered a record-breaking Black Friday weekend following a multi-million-pound refurbishment and re-brand.
Building Mental Resilience While Building a Business
Anxiety shows up in all kinds of business situations — especially when you’re starting your own company.
INS: 1pct growth in average gross nominal earnings in October
The average gross nominal earnings increased in October compared to September by 1 per cent, up to 5,090 lei, while the average net nominal...
European Funds Ministry, WB discuss linking entrepreneurship to education system, through EU-funded vouchers
The representatives of the Ministry of European Funds (MFE) and those of the World Bank are discussing the possibility of implementing...
Romanians, Lithuanians, heaviest EU spenders on food, and non-alcoholic beverages
In 2018, households in the European Union (EU) spent 12.1% of their total consumption expenditure on food and non-alcoholic beverages, with...
President Iohannis: I want mayors to be elected in two rounds
President Klaus Iohannis on Monday argued that mayors must be elected in two rounds and stressed that a real partnership between central and...
Estonia, Latvia, Slovenia, Slovakia, Lithuania, Romania - lowest flu vaccination rate among the elderly
The lowest influenza vaccination coverage rates among the elderly - more than 65 years old - in the European Union were recorded in Estonia,...
Provable Things launch pTokens
pTokens, the world’s first token to enable decentralized finance interoperability between any…
There’s No Scare In NSO’s Consumption Data; It’s All About Falling Costs Of Food And Health Services
Falling costs of food and healthcare seem to have contributed to the fall in rural household expenditure.
Retail Major Walmart To Help MSMEs In India In Enhancing Capacity, Supply Chain; Launches Support Initiative
Under the initiative, the company aims to train around 50,000 micro, MSME in next five years, across 25 institutes.
Construction Of Surat Metro’s First Phase Set To Begin In June 2020, Expected To Be Ready By 2024
The centre had approved funds for the construction of the first phase for Surat Metro in February this year.
Delhi Court Accepts Robert Vadra’s Plea To Travel Abroad For Medical Treatment
A Delhi Court on Monday (9 December) allowed Robert Vadra, businessman and Congress interim Chief Sonia Gandhi's son-in-law, to travel to Spain for medical treatment and business purposes.
Onion Prices Ease In Delhi As Produce Arrives From Afghanistan, Turkey Along With Local Crop
Wholesale prices of onion were quoted in between Rs 50-75 per kg at Delhi’s Azadpur mandi on Monday.
Marginal Rejig In GST Structure Can Be Combined With Income Tax Cuts
The right thing to do is to accept a slightly higher rate of fiscal deficit in the short run.
These are the watches worn by some of the most powerful businessmen and CEOs in the world, Business Insider - Business Insider Singapore
Business Insider - A luxury timepiece is an essential accessory for a CEO. Here is a list of watches worn by some of the world's most powerful executives.. Read more at businessinsider.sg
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them, Business Insider - Business Insider Singapore
Business Insider - Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.. Read more at businessinsider.sg
A researcher who interviewed 45 millionaires and billionaires found that they all shared a similar trait: a problem with authority, Business Insider - Business Insider Singapore
Business Insider - The ultra-wealthy's inability to do things "by the book" may be part of what makes them successful, according to German researcher Rainer Zitelmann.. Read more at businessinsider.sg
The Fed's liquidity problem hasn't yet gone away — and an abrupt shock may be looming in 2020, Business Insider - Business Insider Singapore
Business Insider - Even with hundreds of billions of dollars in new liquidity created out of thin air, it's too soon for the Fed to signal a clear coast for repo markets.. Read more at businessinsider.sg
Lazada’s millennial-friendly credit card is finally in Singapore - and it's offering a year's free shipping, plus tons of points, Business Insider - Business Insider Singapore
Business Insider - It includes free shipping on RedMart and Lazada for a year.. Read more at businessinsider.sg
While you were still using Airbnb to spend a weekend in a stranger's home, the company was quietly expanding into boutique hotels and entire Airbnb-branded buildings, Business Insider - Business Insider Singapore
Business Insider - From building branded hotel-condo towers to buying hotel room booking app HotelTonight, Airbnb has quietly been moving deeper into the hotel industry.. Read more at businessinsider.sg
Amazon is opening an office in NYC's Hudson Yards. Here's a look inside the $25 billion development that that was financed with money meant for 'distressed' urban areas., Business Insider - Business Insider Singapore
Business Insider - Hudson Yards, the $25 billion NYC neighborhood that will be home to a new Amazon office, was financed with money meant for "distressed urban areas.". Read more at businessinsider.sg
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration, Business Insider - Business Insider Singapore
Business Insider - Tullow Oil plunged after the CEO and the exploration director suddenly quit. The company also halted its dividend and reduced its production guidance.. Read more at businessinsider.sg
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless, Business Insider - Business Insider Singapore
Business Insider - Celadon declared bankruptcy on Dec. 9, and that collapse is worrying truck drivers that they may be stranded.. Read more at businessinsider.sg
I've been sleeping on these $20 AmazonBasics sheets that have more than 20,000 online reviews — here's how they feel, Business Insider - Business Insider Singapore
Business Insider - It's hard to come by a better bedding deal than this $20 sheet set. It's perfect for kids' bedrooms, dorms and college apartments, and guest rooms.. Read more at businessinsider.sg
Boeing is promising 3 fixes to the faulty autopilot behind the 737 Max crashes to let pilots stop it forcing the plane into an unstoppable nose-dive, Business Insider - Business Insider Singapore
Business Insider - The faulty MCAS software, which was designed to push the plane's nose down to stabilize the jet, was a key factor in both 737 Max crashes.. Read more at businessinsider.sg
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover, Business Insider - Business Insider Singapore
Business Insider - Merck offered $20 per share in the all-cash bid, more than double ArQule's Friday closing price. The deal is expected to close in early 2020.. Read more at businessinsider.sg
Paul Volcker, the towering former Fed chairman and economist, has died at age 92, Business Insider - Business Insider Singapore
Business Insider - Former Federal Reserve Chairman Paul Volcker has died. Volcker helped to rein in the US's persistent inflation problem and reset the economy.. Read more at businessinsider.sg
17 habits of self-made millionaires who retired early, Business Insider - Business Insider Singapore
Business Insider - Early retirees tend to share the same habits when it comes to growing wealth, living their ideal lifestyle, and having a positive frame of mind.. Read more at businessinsider.sg
Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors, Business Insider - Business Insider Singapore
Business Insider - The investment bank pointed to a host of reasons, even Modern Monetary Theory, as factors in its forecast.. Read more at businessinsider.sg
Months after hype, Mahathir says Malaysia shouldn't have called its big drone a 'flying car', Business Insider - Business Insider Singapore
Business Insider - "The mistake was in calling it a flying car. It is actually a big drone.". Read more at businessinsider.sg
Lizzo twerked and exposed her thong on the Jumbotron at a Lakers game, Business Insider - Business Insider Singapore
Business Insider - The Grammy-nominated singer wore an oversized black t-shirt dress that had a large cutout in the back. She paired the look with fishnet tights.. Read more at businessinsider.sg
Amazon is opening a new office in New York City. Here are 11 mind-blowing facts that show just how wealthy CEO Jeff Bezos really is., Business Insider - Business Insider Singapore
Business Insider - Worth an estimated $109 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $1.2 million.. Read more at businessinsider.sg
McDonald's black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family, Business Insider - Business Insider Singapore
Business Insider - Over the past decade, black franchisees have seen the disparities between them and the rest of McDonald's franchisees grow.. Read more at businessinsider.sg
Female miners position themselves as gold mining takes shape in Mubende, Kassanda
Kampala, Uganda | THE INDEPENDENT | Although women play a much bigger role in artisan and small-scale mining in Uganda, they are less recognized and generally get poor remunerations. Women in Mubende-Kassanda gold mines are striving to change the narrative as mining activities take shape in the area. A 2018 study conducted by Global Rights …
Nottingham charity given green light to move from 'decrepit' home after 60 years
Nottingham Mencap has been in consultation to move into the Edwards Lane Community Centre
Renaissance Services restructures its share capital
The Board of Directors of Renaissance Services invited all shareholders to attend an Extraordinary General Meeting
Oman vs Dubai: How does the cost of living compare?
Oman and Dubai may offer very different experiences
APICORP outlines key recommendations for sustainable growth in Mena
Access to private sector financing and increased energy efficiency amongst key recommendations for sustainable growth of MENA energy sector
UK visitors to GCC to increase 22% by 2024, reports ATM
2.8 million UK residents will travel to the GCC in 2024, an additional 500,000 travellers when compared with 2018
#OnionPrices: Funny Bollywood Memes On Hiked Onion Prices That Will Literally Leave You In ‘Tears’
#OnionPrices: Bollywood is an absolutely amazing source for memes and people never miss the opportunity to make the best of it. Stars like Alia Bhatt, Ananya Panday, Anushka Sharma, Ranveer Singh have
Liberals to release fiscal update before Christmas, Morneau says
OTTAWA — Finance Minister Bill Morneau says the government will provide an update on federal finances before Christmas. Morneau is introducing legislation today to provide a tax break for anyone earning under $147,000 a year.
ISS recommends shareholders vote against Baker-led offer for HBC
TORONTO — An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Storytelling platform Wattpad to open office in Halifax in the new year
TORONTO — Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Pace of housing starts edges up in November on strength in B.C., Alberta
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Ex-Fed Chair Volcker dies, tamed inflation with recession
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92.
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
VANCOUVER — The Law Society of British Columbia has moved to require Indigenous cultural competency training for all practising lawyers in the province, in response to gaps in legal education that the Truth and Reconciliation Commission identified.
Canopy Growth names veteran Constellation executive David Klein as new CEO
SMITH FALLS, Ont. — Canopy Growth Corp. has named a veteran Constellation Brands executive as its new chief executive.
National e-commerce policy to lay down terms for treatment of non-personal, commercial data
Department for Promotion of Industry and Internal Trade (DPIIT) holding stakeholder consultations on the issue, says the official
Delhi fire tragedy: A tale of failed regulation and chaotic urbanisation
The political economy encourages vast, largely unregulated industrial activity, in utter violation of labour, safety and environment laws
Hurun’s list: Mukesh Ambani may soon break into top 5
Riding the digital wave, Mukesh Ambani, the first Indian to break into the global top 10 rich list, would emerge as one of the five richest people in the world in the next two or three years. The Chai
Fostering a new era in the climate change space
Sangam Ventures provides seed and early-stage funding to start-ups in the cleantech sector
‘IDB membership can help project exporters penetrate LAC market’
The Export Import Bank of India (Exim Bank) has urged the the government to consider taking membership in Inter-American Development Bank (IDB). This could provide opportunities for Indian project exp
Tracking deals: Fireside leads ₹20 cr round in SARVA
SARVA, a leading yoga studio chain, has raised ₹20 crore in its first institutional round led by Fireside Ventures with participation from angel investors. It will use the money to double the retail
US continues to block appointment to key WTO body
Washington spurns the draft General Council decision presented by facilitator
Exercise your way to a lower insurance premium
It’s just what your doctor prescribed — stay fit, reduce premium on your health policy
Brent may stay range-bound in Q1; risks loom in 2020
Last week’s OPEC+ decision to cut output by a further 500,000 barrels a day during the first quarter of 2020 – in addition to the existing cut of 1.2 million barrels a day – has not had the big bang i
Equity inflows into mutual funds dip to 41-month low
Exit load triggers outflow, but analysts see investors flocking back
‘With ₹32,000-crore, MP Lodha is India’s richest developer’
Mumbai, Delhi and Bengaluru account for three-fourths of the country’s richest players in real estate sector
The tough task of drawing up a structure and norms for a social stock exchange
Social enterprises may have to balance between improving the lives of people and earning returns
Daily Onion Price Tracker– December 9, 2019
Onion prices continued to rise in various parts of the country, with the minimum price of the commodity moving up to ₹45 a kilo on Monday from ₹43 on Saturday. In Rampurhat, West Bengal, prices of oni
Anthill Ventures, Rana Daggubati launch scale up platform for startups
The startups might receive investments to the tune of $1,00,000 upfront and up to $1 m upon programme completion
Onion retail trader stock limits cut to 2 tonnes
The Centre on Monday further cut onion stock holding limits imposed on retail traders to 2 tonnes from the recently-revised 5 tonnes as it suspected widespread hoarding by the traders, an official sta
Where households can save their money
Recent trends show a decent return in low-risk instruments. However, inflation has diminished the actual income on savings
No threat of job losses in auto sector: Minister tells RS
There is no threat of job losses in the automobile sector and no reason for worry, Minister of State for Heavy Industries Arjun Ram Meghwal said in Rajya Sabha on Monday. “The automobile sector is pre
Jhunjhunwala likely to withdraw from YES Bank's preferential share offer
Lender’s board may also reject the $1.2-b offer by Erwin Singh Braich, SPGP Holdings
Banks must stick to their core functions
Diversification into long-term financing, insurance, mutual funds and share broking have affected their performance
Investors lay siege to SEBI office, demand Karvy-like action against BMA Wealth
On Monday, SEBI’s office came under siege as a crowd of 40-50 stock market investors blocked the main entrance of the regulator’s BKC office building. The commotion led to police being called to guard
India rises one rank to 129 in human development index
Schemes such as Ayushman Bharat, PMJDY crucial for development, says UNDP official
VA Tech Wabag executes TTRO plant for Chennai Metropolitan Water Supply
This is one of the largest and technologically advanced water reuse plants in India
Japanese Trade Minister to discuss RCEP pact with Goyal
Talks may discuss New Delhi’s concerns, suggest ways to make Indian industry more competitive
The decaying HDB lease, myth or reality?
The decaying HDB lease, myth or reality?
Dr Mahathir to look into ‘deep state’ sabotaging the Pakatan government
Dr Mahathir to look into ‘deep state’ sabotaging the Pakatan government
Singapore to arrest sanctioned Russian ship over unpaid parking debts
Singapore to arrest sanctioned Russian ship over unpaid parking debts
Environmental group in Singapore pushes for sustainable palm oil use
Environmental group in Singapore pushes for sustainable palm oil use
LIC flying in supplies for flood-hit farmers
The critical spring mating period is underway on most of the country’s dairy farms, but heavy rain, slips and floodwaters have closed key roads in the South Island, making it difficult to reach a number of flood-hit farms and get the cows in-calf.
ORC Heavy Rainfall Update #8 - 9 Dec 2019
9 December 2019
MTIANZ regard ADLS Sale and purchase agreement
MTIANZ welcomes the release of the jointly endorsed Auckland District Law Society and REINZ standard sale and purchase Agreement (10th Edition 2019). The inclusion of a toxicology condition clause (9.5), and new wording for vendor warranties (7.2), establishes certainty and protection for potential purchasers who choose to include a toxicology condition, or if the vendor fails to disclose historical information that may not comply with the New Zealand Standard NZS8510:2017.
Packaging Forum urges Gov support to advance war on plastic
The country’s leading packaging member-based organisation is eager to work with Government to bring an end to plastic waste in New Zealand.
Low business confidence, less Christmas cheer
Paul Goldsmith - Finance
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
Northland – Environmentalists’ ‘No’ to Auckland port shift
Northland environmentalists are speaking out against the proposed $10 billion Auckland port shift to Marsden Point in what one labels a ‘think big’ project - about 650 metres from a marine reserve.
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
Rents up again as Government’s poor policies bite
Simon Bridges - Leader of the Opposition
Auckland Strike Action
Auckland bus operators are enraged at the inconvenience to passengers affected by continued bus driver strike action. Even those operators not directly affected by strikes are appalled at the behaviour of First Union and Tramways Union and their aggressive bully tactics which has included assaulting staff and damaging vehicles.
Markets surge on jobs, trade
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
All practising lawyers in B.C. will be required to take a six-hour online course covering these areas
'Buyer's Price' program to continue until June 2020
Programming offering subsidized homes for first-time buyers will continue through first half of 2020, Finance Ministry says.
Nigerian Army commander killed in Boko Haram bomb attack
A Nigerian Army commander was killed on Saturday after an improvised explosive device detonated near his vehicle in Marte, Borno State.
UNILORIN, firm sign 21-year land lease agreement
The MOU was signed by Mr Indimi and Vice-Chancellor of UNILORIN, Jubril Oyelekan, at the Maiduguri office of OER Farm Ltd last week.
Buhari travels to Egypt Tuesday - Premium Times Nigeria
President Muhammadu Buhari will depart Abuja Tuesday for Aswan, Egypt, to attend the Aswan Forum designed to set “An Agenda for Sustainable Peace
Nigerian govt directs Accountant-General, MDAs to publish daily financial statements
The government will also publish monthly reports showing revenue receipts from all collecting agencies and payments out of the federation account.
Nigeria set to open extractive industry ownership register -- Here's how it will work
This week, Nigeria will launch the Beneficial Ownership Register in the extractive industries in line with the global EITI standards.
CHRISTMAS: FRSC deploys 1,700 personnel on Lagos-Ibadan Expressway, other Ogun roads
The Federal Road Safety Commission (FRSC) will deploy 1,700 personnel to control traffic on highways across Ogun State during the Christmas festival.
PROFILE: Muhammad Nami, a tax consultant, heads Nigeria's FIRS
President Muhammadu Buhari on Monday nominated a renowned tax consultant, Muhammad Nami, as the new chairman of the Federal Inland Revenue Service (FIRS).
UPDATED: Fowler out as Buhari appoints new chairman for FIRS
President Muhammadu Buhari on Monday approved the exit of Babatunde Fowler as the chairman of the Federal Inland Revenue Service.
Sebastian Suhl to Exit Valentino
Suhl joined the couture house in January 2018 as managing director of global markets.
Man charged after bus crashes onto railway line near Galashiels station
One person was checked by an ambulance crew after the incident on Sunday night.
Currys PC World reveals this year’s top tech Christmas gifts
The top gifts of the year were decided by the brand’s new customer testing initiative, the Customer Collective
East Kilbride Clintons store saved from pre-Christmas collapse
The chain has bought itself out of administration saving 2500 jobs nationwide.
FIRS Chairman: Buhari Makes Fresh Appointment As Fowler’s Tenure Ends
President Muhammadu Buhari has appointed Muhammad M. Nami to replace Babatunde Fowler as the chairman of the Federal Inland Revenue Service (FIRS).
FG Hopeful Of Securing $500M AFDB Fund For Technology Innovation
The federal government is optimistic of securing a $500 million AFDB fund for technology innovation in the country, Trade and Industry Minister, Richard Adebayo has said.
Rivers: Gov. Wike Approves Payment For 2,673 New Retirees
Rivers State Governor Nyesom Wike has approved the inclusion of 2,673 additional retirees into the monthly pension payment scheme of the state government.
Cryptocurrency Exchange - Here are tips to choose the best
The exchange you must have decided to make use of will greatly determine whether your crypto investment will be profitable or not in the long run. There are lot...
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at...
How a few common financial mistakes are costing small businesses
Stats and experts reveal that a few common mistakes in financial management are often proving to be heavy for small businesses all around. Some of the issues ar...
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them
Most Americans don’t seem to care that much about the stock market’s performance.
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
10 things you need to know before the opening bell
Here is what you need to know.
US, Taliban Not Agreed on Reduction of Violence: Sources
Sources close to the Doha talks said the United States and the Taliban negotiators—on their third day of negotiations--have yet to agree on the terms of a reduction of violence, ceasefire a
South Korea jails three Samsung Elec execs over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under ...
Asian stocks pulled higher by Wall Street jobs rally but China caution prevails
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were ...
LTA awards S$210 million contract for Jurong West, Bahar Junction MRT stations
SINGAPORE: Two Jurong Region Line stations will be designed and constructed by the Singapore branch of China Railway 11 Bureau Group, the Land ...
House Democrats, USTR nearing deal to pass modified USMCA agreement -WSJ
House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised version of the United States-Mexico-Canada ...
Oil prices stumble on weak China exports hangover
Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers ...
Governor of China's Xinjiang says US Bill violates international law
A recent US measure on Xinjiang is a severe violation of international law and gross interference in China's internal affairs, the governor of the ...
Jobs of the future are clustering in a handful of US cities: Study
A new analysis of where "innovation" jobs are being created in the United States paints a stark portrait of a divided economy where the industries ...
France's Sanofi to buy Synthorx for US$2.5 billion
France's Sanofi said on Monday it had agreed to buy Synthorx in a cash deal worth around US$2.5 billion as it seeks to beef up its ...
Day 5 of public transport chaos as French strike bites
PARIS: French commuters and tourists braced for a fifth day of public transport chaos Monday (Dec 9) as the government prepared to respond to ...
Skechers' 'cool' value gives it room to run like Nike: Barron's
Shoemaker Skechers USA is expected to post earnings growth on pace with Nike over the next three years, giving its relatively low valuation a ...
Huawei to roll out Harmony OS to more products next year, but not phones and tablets
Chinese tech giant Huawei Technologies plans to equip more of its products with its Harmony operating system (OS) next year, and will promote them ...
Swedbank cuts management team in revamp after laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money ...
Massif Capital - Diamond Offshore Drilling Inc.
Diamond has been a painful investment for our portfolio.We invested too early in the cycle for offshore equipment, and the trough of the cycle has been extended beyond our modeled scenarios.We will ai
4 AM Wake-Up Call
Right off the bat, we saw an almost 850-point drop in the Dow Jones from Black Friday until Tuesday as President Trump was quoted as saying that he saw the chances of a trade deal lessening.The tariff
For Growth Stocks, Profits Are The New Normal
Profitable companies outperform by a wide margin over time, even among high-growth companies, which often post losses early in their lifecycles.This year's equity market landscape is littered with hig
The Probability Of A U.S. Recession - December 2019
Identifies and discusses two U.S. recession probability models.Shows the current and historical readings of these models.Compares the models' probabilities to the average estimate from a recent survey
First Trust New Opportunities MLP & Energy Fund: Our Top Pick Among MLP CEFs
FPL has presented a strong performance in 2019 despite continued weakness in MLPs and the midstream energy industry.We think the fund has value considering current discount to NAV and potential rebou
How China Mobile Sustains A 5% Dividend Yield, In 5 Charts
China Mobile is the largest mobile phone operator in the world, again trading at a 5% dividend yield backed by steady free cash flows.Compared with both domestic and US telecom counterparts, China Mob
Gold Losing Its Luster
One reason for owning gold is it tends to serve as a safe haven asset and performs well in an environment where economic activity is slowing.On the other hand, investors might look to copper as an inv
Bitcoin - Correction Soon To Be Over
Bitcoin has been stuck in a bear market since December 17th, 2017.Its weekly chart is oversold and probably close to a trendchange.Professional money has not yet fully positioned for a new rally.There
Yellow Cake Is A Lower Risk Investment In The Uranium Industry
Yellow Cake is trading at a discount to net asset value and the company has communicated it will rely on share buy-backs if the discount persists.The annual holding cost is expected to be relatively l
The Quality Of Its Microtransactions Will Decide Ubisoft's Fate
Ubisoft has had a terrible 2019 so far, which I feel has been accurately priced into the share price.In my view, going forward, Ubisoft's success will depend on its ability to implement microtransacti
U.K.: The Page Has Turned
Elections are providing outlet for Brexit uncertainty.GDP forecasted to grow and stabilise.UK has fiscal space for mitigating negative Brexit outcomes.
Cadence Design Systems: Great Prospects, Mostly For The Operations
Cadence Design Systems is an undercovered beneficiary of the continued semiconductor boom.The company is well positioned and has a good track record, yet valuations have gotten a bit out of hand.I lik
Orchid Island Capital: In A Coma
Orchid Island Capital (ORC) has paid $10.705 as total dividend per share since its IPO in 2013.The company reported a disappointing Q3 2019 and was hit by analyst downgrades.For now, it’s a risky risk
Shopify: Beware Of Deceleration
Shopify is up 160% year-to-date, crushing the S&P 500's year-to-date performance.While the company continues to put up record revenue each quarter, there are signs that we're seeing even more material
MamaMancini's Holdings, Inc.'s (MMMB) CEO Carl Wolf on Q3 2020 Results - Earnings Call Transcript
MamaMancini's Holdings, Inc. (OTCQB:MMMB) Q3 2020 Results Earnings Conference Call December 09, 2019, 08:30 AM ET Company Participants Greg Falesnik - IR, MZ North America Carl Wolf - Chairman, Chief
My 10-Year-Old Picks Starbucks For Her Dividend Duchess Portfolio
My 5th grade daughter chose Starbucks as the 2nd purchase for her Dividend Duchess portfolio.We fund this custodian account exclusively with my Seeking Alpha Contributor earnings. All dividends will
Elastic: Dramatically Lowered Valuation Justifies Billings Slowdown
Shares of search company Elastic have peeled back ~20% ever since reporting Q2 results.Most notably, investors hammered the company on its deceleration down to 45% y/y billings growth (on a constant c
A Great American Achievement
The new government statistics are out.September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949
Catalyst Pharmaceuticals: A Potential Double In 2020
Firdapse is expected to be approved outside the U.S.Profitability is expected this year, and the P/E is only about 4.6.Catalyst's lawsuit against the FDA has a decent shot at success.The primary compe
Winds Might Be Changing For Vestas
The company has grown fast in a favorable market environment, having a 5-year CAGR if 8%.Despite the record-high order backlog in Q3/2019, the company identified the impact of tariffs and increased ex
Technically Speaking For 12/9: The Weekly Charts Are Bullish
Hedge fund activity might be a partial reason for the spike in money market yields this fall.Tech companies face increasing pressure.The weekly charts are positive.
What To Remember From Ulta Beauty's Q3 Earnings
Ulta Beauty reported numbers that exceeded expectations and show that the growth deceleration is stabilizing.Ulta is outperforming its competitors significantly by improving customer satisfaction and
Clovis Oncology: Best In Class
From the fundamental front, Rubraca is procuring about $147.0M in annual sales even as a second-line drug. That robust growth is powered by a 38.7% year-over-year sales growth.Not satisfied with good,
DocuSign: Time To Lock In Profits
Shares of DocuSign soared nearly 10% after reporting Q3 results, extending a recent win streak ever since the company warned of sales execution issues in Q1.Revenue growth of 35% y/y beat Wall Street'
SailPoint: Potential Tailwind Ahead, But Expect Some Sales Execution Issues
The broader data privacy trends in particularly US and Europe will drive growth for SailPoint going into FY 2020.We see SailPoint's platform as a painkiller for enterprises to navigate the complexitie
Gladstone Land: It's Economics 101
Farmland is the perfect asset class because the lower supply of arable land leads to higher profitability for the most fertile farm.In turn, that leads to steady appreciation of value and rental growt
Starwood Property Trust: The Election Means Everything
Barry Sternlicht’s Starwood Property is a professionally managed company and a consistent dividend payer.Of late, the stock has been hit by news of its regional malls not doing well and the possibilit
Merger Arbitrage Mondays - Thoma Bravo's Acquisition Of Instructure Includes A Go-Shop Provision
Merger activity increased with five new deals announced.The acquisition of Audentes Therapeutics by Astellas Pharma.The acquisition of AK Steel Holding Corporation by Cleveland-Cliffs.
Christmas Comes Early With These 28 Upcoming Dividend Increases
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.28 increases for next week (up from 5 last week).An average increase of 5.77%, medi
Vector - Still Not Covering Dividend, Current Share Price Is A Gift To Longs, Sell
Even after a 50% dividend cut, Vector is still not covering its dividend. Don't take my word for it - the CFO just admitted it! Bond holders are getting paid over 10.5% while equity investors will be
Falling Rail Traffic Makes Union Pacific A Sell
UNP warned Q4 rail traffic could fall by double digits. Revenue could decline slightly less.UNP expects its 2020 operating ratio to remain below 60%, which is stellar.Cost cutting may not fully protec
Buy Ollie's Ahead Of The Q3 Report
Ollie's is due to report Q3 earnings next week.With shares languishing, I think they represent compelling value.The key risk for Q3 is margin performance, but I see a lot of bad news priced in already
EUR/CHF Could Find Upside In 2020
The euro has fallen against the Swiss franc over the majority of its life.However, the EUR/CHF interest rate differential remains in a positive position (on a central bank rate basis, the spread is po
Natural Gas - Something Needs To Happen Soon
The January contract displays an oversold condition.Stocks are slowly dropping.It is too early for carnage on the downside, but time is running out.The spring of 2020 could be ugly - an opportunity.U.
Airbus Logs $18B Mega Orders
Big orders from Emirates and Air Arabia announced at Dubai Airshow have been logged.Delivery profile not fully satisfactory.Airbus book-to-bill ratio approaches 1.
What Continental Resources Should Do Next
Continental Resources reported a profit of $0.54 per share and generated free cash flows of $79.3Mn, even as it realized oil prices of just around $51 a barrel. The company could deliver strong result
Ulta Beauty: A Truly Beautiful Story For Investors
The company's financial performance was solid during the quarter, driven by new product management.Skincare and fragrance were particularly strong, in our view.With shares reacting well to the earning
The Phantom Metric: What Really Drives U.S. Equity Valuations?
Investors continue to question whether US equity valuations are too high, particularly for growth companies and versus other global markets.The risk premium is a good gauge of market sentiment.Valuati
The Asset Allocator: The UK's Lose-Lose Elections (Podcast)
The British pound hit a 31-month high against the euro last week, presumably because the Conservatives maintain a healthy lead over Labour in this week’s elections.It’s understandable why investors do
Daily Insider Ratings Round Up 12/6/19
Tables of the top insider purchases and sales filed with the SEC on 12/6/19, based on dollar value.Dollar values often do not equate with significance when it comes to insider trades.Proprietary Insid
Golden Ocean Group: Very Strong Results Despite The Trade War
Golden Ocean Group delivered a phenomenal quarter despite the mixed headline numbers.The dry bulk trade set new records during the third quarter in spite of the escalating trade tensions between China
Silicon Labs Executing On Its IoT Opportunity, With Infrastructure Likely To Get Better In 2020
IoT continues to drive Silicon Labs' growth, and particularly its strong wireless portfolio, which saw better than 20% growth in the third quarter. Infrastructure is being held back by weakness in the
Keysight Reports A Strong Quarter
Keysight Technologies reported a fiscal fourth quarter that beat analyst expectations.Fiscal 2019 saw adjusted operating income more than double from 2018.The valuation is attractive as the company's
How Much Foreign Equity Exposure Do Investors Need? (Podcast Transcript)
With U.S. equities outperforming their foreign counterparts by 170% over the past decade, it's not surprising that large numbers of investors continue to fall into the home bias trap.Looking at the hi
Hormel: Great Dividend Grower, But Significantly Overpriced
HRL is a dividend aristocrat, with 50+ consecutive years of annual dividend increases.However, the company posted negative EPS growth in 2019 and analysts expect that trend to continue into 2020.HRL h
Xinyuan Real Estate: The News Is Not Good
Results from the last quarter are disappointing.Almost every financial indicator is negative.The ongoing liquidation of TPG's holdings exerted further downward pressure on the stock price.
The Saudi Aramco IPO Overvaluation Is Overblown
The Saudi Aramco IPO will surpass Alibaba's as the biggest in history.Analysts had made valuation estimates for the company that ranged from $1.1 trillion to $2.5 trillion.The company settled on a val
'Bull Markets Often End With A Euphoric Rally Called A 'blow-Off Top.' We May Have Just Had One'
The current flatfish top has zero resemblance to the 2000 market top.I think this secular bull market has further to run and will end on a note more similar to that of 2000.One thing I'm pretty sure o
12 Money Tips to Help You Track Your Expenses and Save Enough for Your Dream
We have all heard about tracking our income and expenses, making shopping lists, and putting money away for a rainy day, but none of these things has ever made us any richer. Most of us still continue to waste our money as soon as we earn it.
Disabled people score a win in superannuation entitlements
Disabled workers have received a boost with the Fair Work Commission delivering a better superannuation deal for low-income earners with disability.
Hayne lambasts Coalition attitude on climate change, urges businesses to act
Kenneth Hayne has warned business leaders they are legally obliged to act on climate change and cannot hide behind the government's "short-termism".
Freeland heads to Mexico in effort to finalize new NAFTA revisions
Deputy Prime Minister Chrystia Freeland is to meet American and Mexican officials in Mexico City on Tuesday amid reports a deal to revise the new North American free-trade agreement is close to completion.
California fines CVS $3.6 million for failing to recycle
SACRAMENTO, Calif. — California is fining the nation’s largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of its locations, regulators said Monday. The California Department of Resources Recycling and Recovery, better known as CalRecycle, said its investigation found that 81 of CVS Pharmacy’s …
ADB, Pakistan sign $1.3 billion loan agreement
Federal Minister for Economic Affairs Hammad Azhar was present on the occasion.
Rupee firms up to five-month high against dollar; strengthens by 15 paisa today
Moody
Mary Winston leads Bed Bath & Beyond Inc. and its 60,000 associates as interim CEO
Bed Bath & Beyond Inc. an American chain of domestic merchandise retail stores operating in Puerto Rico, Canada, and Mexico has settled on Mary Winston as its interim Chief Executive. Founded in 1971, Bed Bath & Beyond – part of the S&P 500 and Global 1200 Indices – is hopeful Ms. Winston will lead them...
Five famous people you probably didn’t know were of Tanzanian descent
Tanzania is the largest country in eastern Africa. It is known as the highest point in Africa with the Kilimanjaro and its beautiful islands such as Zanzibar, Pemba, and Mafia. The country which was formed by merging Tanganyika and Zanzibar became independent in 1964. Until resigning as president in 1985, independence leader Julius K. Nyerere...
These are the African countries with the best 4G internet coverage
Every year, the Global Connectivity Index (GCI) by Huawei ranks 79 nations along an S-curve graph. The S-curve groups countries into three clusters: Starters, Adopters, and Frontrunners based on ICT investment, ICT maturity, and digital economic performance. This year’s GCI research methodology has been expanded to help policymakers understand AI’s growing influence on the global...
Thousands Protest In Russia's Northwest Against Becoming Moscow's Dumping Ground
Thousands have rallied in the northwestern Russian town of Kotlas against the construction of a new landfill for waste from Moscow.
HART aims to start bus rapid transit between USF and Downtown Tampa
Hillsborough Area Regional Transit is considering rapid bus service along Florida, Nebraska and Fowler avenues, between USF and downtown Tampa. Now, transportation leaders are looking for feedback from the public.
Ford recalls big pickups; tailgates can open unexpectedly
Ford is recalling nearly 262,000 heavy-duty pickup trucks in the U.S. and Canada because the tailgates can open unexpectedly.
Paul Volcker, Former Federal Reserve Chairman, Dies At 92
He led the country's central banking system in the late 1970s and 1980s.
Mortgage switching startup Dashly names first direct founder Harris chairman
Fintech pioneer and first direct founder Mike Harris has come out of retirement to take on the role of chairman at mortgage switching tool Dashly.
Regulators ponder new rules to temper Big Tech data advantage
Global banking regulators say the arrival of Big Tech firms like Google, Amazon and Apple in financial services poses a host of stability risks that may require sweeping new laws to level the playing field with smaller tech firms and banks.
Payday lenders have embraced installment loans to evade regulations – but they may be even worse
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
I'm young, single, and healthy, but I just bought $300,000 of life insurance and it was a no-brainer
Realizing that my own death could create a financial burden for my family members made it clear to me that life insurance is a no-brainer.
The 2020s could be an apocalyptic decade for Wall Street as artificial intelligence takes over the most popular jobs in finance
The financial services industry is a popular place for job seekers, but artificial intelligence could wipe away a million banking jobs.
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Investing Insider is your one-stop shop for high-profile investor interviews, trade recommendations, and actionable analysis.
Payday firms offer loans @ 500%
India Business News: NEW DELHI: They are banned in 15 states in the US, China has capped the interest they can charge and consumer groups in European countries are fightin.
Petrol price hits Rs 75 per litre-mark, diesel crosses Rs 66
India Business News: Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year & diesel price crossed Rs 66 a litre mark in the national capital
Tariff hikes can double telcos operating profit in FY21: Report
India Business News: The steep tariff hikes, effected earlier this month by the battered telcos which held prices at rock bottom levels for nearly five years, can help mor
'Recent spike in retail inflation mainly on costlier food, government taking steps to moderate prices'
India Business News: The recent spike in retail inflation is mainly due to high food prices and the government is taking steps to moderate the volatility in prices, minist
Vistara signs codeshare agreement with Lufthansa
India Business News: Vistara has entered into a codeshare pact with German airline Lufthansa, the sixth such agreement with an international airline as the domestic full s
Currency in circulation rises to Rs 21 lakh crore as on March 2019: Anurag Thakur
India Business News: Currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019, having dipped to a mere Rs 13 lakh crore at the end of fiscal 2016-
How to treat your money well
India Business News: NEW DELHI: Regret is tough to deal with.
India to witness 7.12% rise in job creation in October-March: Report
India Business News: India is expected to witness a marginal 7% rise in job creation in the October-March period, as subdued economic conditions have dampened employment o
Windy weather sets new renewable power record for Britain
Extra power on the network on Sunday meant National Grid paid some households to use electricity.
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Premium economy to be launched on Britain’s railway
Avanti West Coast is developing plans to introduce a middle tier between standard class and first class.
Tesco shares soar as investors salivate over potential sale of Asian division
Analysts believe the sale of the Thailand and Malaysia division could bank Tesco up to £7.2bn.
WestJet's Christmas miracle
This year's annual "WestJet Christmas Miracle" video showcases families as they decide whether to give or receive.
New steps against scammers
Some of Canada's telephone providers are being called on by the country's telecom regulator to add to their arsenals in the battle against phone scammers.
SNC exec driven by greed?
The Crown has begun final arguments in the criminal trial of former SNC-Lavalin executive Sami Bebawi.
Tentative deal on trade pact
House Democrats have reached a tentative agreement with labour leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal that has been a top priority for President Donald Trump.
They crammed that cruiser
Generous residents "Crammed the Cruiser" in Lake Country over the weekend.
'Peloton wife' at it again
By now you’ve seen the cringey Peloton exercise bike commercial and read all about how it has outraged the people of the internet.
Greens demand Zahradil conflict of interest probe
The Greens are demanding an internal investigation by the European Parliament into Czech MEP Jan Zahradil following a story by this website on possible conflicts of interest in his role as lead negotiator on the EU trade deal with Vietnam. "These allegati...
EU commission to 'correct mistake' on enlargement
The European commissioner for neighbourhood and enlargement, Olivér Várhelyi, said on Monday that Europe "should be able to move ahead and correct the mistake that was committed in October," when three member states (Denmark, France and the Netherlands) o...
Global watchdogs urge ‘vigilant monitoring’ as big tech companies shift into financial services
Google and other big tech companies may have to share data on financial services customers with banks and fintech firms to prevent unfair competition.
How Small Giant Games got acquired by Zynga and lived to tell the tale
Zynga's acquisition of Finland's Small Giant Games last year followed an usual template designed to avoid the mistakes that derail most such deals.
DENR wants public, stakeholders to help solve garbage crisis
THE Department of Environment and Natural Resources (DENR) admitted that the government alone cannot solve the garbage problem and called on stakeholders and the public to join hands in addressing the crisis.
Isko wants Manila to end ‘endo’
MAYOR Isko Moreno yesterday said he would want Manila to lead in helping the government of President Rodrigo Duterte toward the direction of putting an end to the practice of short-term employment called ‘endo’.
Oil firms roll back prices
EFFECTIVE at 6 a.m. today, major and independent oil firms will implement a price rollback of their petroleum products in slightly different amounts.
Pasig River Ferry Service relaunched by MMDA
THE Metropolitan Manila Development Authority (MMDA) relaunches its Pasig River Ferry Service (PRFS) with free ride offer until January 31, 2020 yesterday morning in Manila’s Lawton.
Barangays urged to create ‘Christmas’ social assistance programs
President Rodrigo Duterte has enjoined all Sangguniang Barangays to establish a social assistance program for village officials and employees this Yuletide.
Meralco bills go up this month
ELECTRIC consumers will pay again higher electricity bills this December as the Manila Electric Company (Meralco) will implement a power rate increase.
Grave danger
SAYING that inexperienced motorcycle taxis with no track record will put commuters’ lives in danger, the Lawyers for Commuter Safety and Protection (LCSP) filed a petition for injunction with application for a temporary restraining order against five motorcycle taxi companies hoping to penetrate the market.
In the works: PNP-HPG Major Road Crash Investigation Division
THE Philippine National Police Highway Patrol Group (PNP-HPG) is on its way to activate its Major Road Crash Investigation Division which will investigate deadly vehicular accidents across the country and recommend scientific measures to prevent them from happening again and again, the Journal Group learned yesterday.
BI to open departure e-gates to reduce passenger queues
IN order to hasten processing and reduce passenger queues in immigration counters at the country’s premiere port during the holiday rush, the Bureau of Immigration (BI) is launching its electronic gates (e-gates) at the departure area of the Ninoy Aquino International Airport (NAIA).
Aerospace engineer Senior mulls selling aerostructures division
Senior has admitted it is thinking about selling off its aerostructures division, in a deal that could be worth up to £450m.
Asian markets subdued ahead of key US-China tariff deadline
Asian stocks edged up on Monday following surprisingly strong US jobs data, but gains were subdued amid concerns over the [...]
HSBC shakes up senior management after 'unacceptable' third quarter
HSBC has replaced its investment banking boss and group chief operating officer in a raft of changes due to take effect in 2020.
What’s driving capital market developments in South Africa and Namibia? - CityAM
South Africa - the second-largest economy in Africa after Nigeria - has considerably higher GDP than its sub-Saharan neighbours.
Private equity tycoon Guy Hands looks to buy struggling Kier Living
Hands' private equity firm - Terra Firma Capital Partners - is one of the last remaining bidders for Kier Living.
Too much regulation on bitcoin and cryptocurrency could scare away future tech innovators
The FCA must strike a balance when it comes to protecting customers, regulating bitcoin and cryptocurrency, and not stifling tech innovation.
Lender Amigo's chief executive quits after less than five months in charge
The chief executive of high interest rate lender Amigo, Hamish Paton, has resigned this morning after less than five months in the job.
EU approves €3.2bn research fund for battery development
The European Commission has approved a €3.2bn (£2.7bn) state aid fund from seven European Union countries for research into battery technologies.
How global cities are promoting sustainability and helping to fight climate change - CityAM
The 2016 Paris Agreement gave the world a sense of hope that politicians could work together to limit temperature rises [...]
Margrethe Vestager says EU will review competition rules in light of increasing digitalisation
The EU will review its rules on how it defines markets to react to increasing digitalisation, EU competition chief Margrethe [...]
Chilango confirms plans to launch CVA and exit leases
Embattled Mexican chain Chilango has confirmed that it plans to launch a company voluntary arrangement (CVA) in a bid to secure the future of its business.
Tesco leads FTSE 100 risers as it weighs up Asia sale
Shares in Tesco rose more than five per cent in early trading as investors welcomed reports that the company is exploring a sale of its Asian businesses.
Former Federal Reserve chairman Paul Volcker dies aged 92
Paul Volcker, the Federal Reserve chairman who slayed rampant US inflation in the 1970s and 1980s, has died aged 92.
Late payments: Firms wait twice as long for cash in 2019
The UK’s small and medium-sized businesses are being stretched by customers failing to pay them on time, according to a [...]
City regulator toughens up financial accountability rules after scandals
Tougher accountability rules have today been extended to cover around 47,000 firms as the financial watchdog seeks to clean up the City’s reputation.
Opec production cuts compliance could push oil price to $70
The combination of strong production cut compliance from Opec and its allies and a US-China trade deal could push the price of Brent crude to $70 in 2020.
M&S shares jump after Goldman Sachs hikes rating
Shares in Marks & Spencer jumped this morning after investment bank Goldman Sachs hiked its stock rating following improvement in the retailer’s troubled clothing and home division.
Fines levied by the FCA rocket more than 500 per cent
The value of fines issued by City watchdog the Financial Conduct Authority (FCA) this year has soared to £391.8m. Research [...]
Eye in the sky: how satellite positioning could help Australian mines
New satellite technology could be worth A$6bn to the Australian economy; we speak to Geosciences Australia about the technology’s potential in mining.
Works restart at Forrestania Nickel Operation in Western Australia
Nickel mining firm Western Areas has resumed normal operations at its Forrestania project in Western Australia, following a bush fire incident last week.
Indonesia’s export ban can boost nickel exports from the Philippines to China, says GlobalData
Nickel is mined from many sources around the world and is presently used for stainless steel, nonferrous alloys, electroplating, alloy...Read More...
Aspire Mining signs MoU on Ovoot coking coal project in Mongolia
Aspire Mining has signed a memorandum of understanding (MoU) with Sinosteel MECC to develop Mongolia’s Ovoot coking coal project.
Mapping South Australia’s big mines and new projects
We profile South Australia's largest and most ambitious mining operations, from significant uranium projects to the world’s largest zircon mine.
Big investors up call for governments to take climate action
MADRID (AP) - More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change.
Official: China hopes for US trade pact as tariff hike nears
BEIJING (AP) - A Chinese official says Beijing wants a prompt settlement of its trade war with Washington.
German exports rise in October, defying expectations
BERLIN (AP) - German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline.
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households, officials of the combined company announced Monday.
Exergy helps insurers overcome complexities surrounding Debicheck
Exergy automates the Debicheck mandate process for insurers who have already implemented it.
Altron acquires identity security firm Ubusha for R360m
Once integrated, Ubusha will merge with Altron’s existing Cybertech to form Altron Security Solutions.
Top CEOs call out CompCom over #DataMustFall
Telkom’s Sipho Maseko and Johan van Zyl of African Rainbow Capital argue that the competition watchdog’s decisions on data prices will do more harm than good.
First Distribution and Veeam – an African partnership
Through First Distribution’s African footprint, Veeam is now available across SADC countries, as well as Central, East and West African countries.
Nedbank notches up 1.7m digitally active customers
The bank witnesses a 30% growth rate across its digital banking platforms, with over one million app downloads.
Keeping up with industry changes the only way to manage connectivity expenditure
There are many connectivity options that businesses can invest in today, but cost remains a major concern for most, says Vishal Barapatre, CTO at In2IT Technologies.
IFA staging blockade outside Tesco distribution centre in Dublin
The latest blockade is part of the ongoing farmer campaign for an increase in beef prices.
Siptu and Unite members in Virgin Media vote to take industrial action
Virgin Media said it has not received any notification from the unions.
School secretaries to hold national one-day strike and escalate their industrial action
The one-day strike in January will be followed by a work-to-rule from the secretaries, trade union Fórsa said.
Tekken 7 patch 3.10 rolling out now, full update notes here
A brand new patch for Tekken 7 is rolling out across PS4, Xbox One, and PC which makes a number of adjustments for characters, along with customisation options and new illustrations in the gallery. Pa
Ex-drugs gang member and former homeless man team up to help people living rough at Christmas
One of them was once locked up for his part in a sophisticated plot to pour £40,000 worth of cocaine into central Lancashire.
Complications of advertising
Half the money I spend on advertising is wasted, the trouble is I don’t know which half.
Why your boss should let you work from home
Lancashire has one of the lowest percentage of employees working from home and it is about time the county’s businesses had a rethink argues CEO Toby Harper
Rangers flop Eros Grezda admits driving without licence and insurance at Glasgow Sheriff Court
RANGERS flop Eros Grezda has today admitted being behind the wheel of a high-performance car with no licence and no insurance. Albanian winger Grezda, 24, was driving his Audi RS3 last month when h…
Pound-Euro Rate's Recovery Potential Limited Beyond 1.20: AFEX
Foreign exchange strategists with foreign exchange brokers AFEX say Pound Sterling is likely to remain relatively well supported against the Euro, and the strong rally in the exchange rate seen over recent weeks can potentially reach 1.20
Pound Sterling hits Fresh 31-Month High vs. Euro on Survation Poll
The British Pound hit a fresh 31-month high against the Euro Monday after two polls showed gains for the Conservative Party
Pound-New Zealand Dollar Forecast: Fighting to Hold 2.0 Level
There is a distinct possibility that GBP/NZD does in fact go lower as foreign exchange markets engage in 'buy the rumour, sell the fact' behaviour on the election result.
Pound a Solid "Contrarian" Bet Against the Dollar for Early 2020: BofA
Foreign exchange strategists at Bank of America Global Research have confirmed they remains positioned for a further recovery in the Pound against the U.S. Dollar, describing the stance as one of their "best contrarian G10 FX trades" for the foreseeable future
Pound-Australian Dollar Forecast: Fresh Three-Year Highs Ahead says Analyst
The Pound-to-Australian Dollar exchange rate trades at a new three-year high on Monday, December 03. amidst an ongoing lift in the broader Sterling complex
Rupee climbs
But so does debt It has been a rough ride for the PTI government in terms of the economic issues it has had to face. The slide of the rupee against the US dollar, record inflation, ri
Ad support is bad support
Streaming services outmanoeuvring broadcast television By Amna Khan A girl sipping her tea on a rooftop covered with fairy lights, staring romantically into the skyline d
Self-driving Ethiopia PM grants 'crisp interview' ahead of Nobel ceremony
The interview was on the streets of Addis Ababa with the Prime Minister seated behind the wheel of a car with a fellow passenger and the journalist posing questions from outside.
Kenya story building collapse: 10 dead, 20 inured, 30 missing - Police
Nairobi Police Chief Philip Ndolo said four bodies were recovered from the scene Sunday including that of a child, while a fifth person died in a hospital. According to authorities, that brings the ov
With embattled airline, South Africa moves to save rail company
Years of corruption and mismanagement have put several state owned enterprises in serious financial crisis including power utility Eskom, whose financial problems have left it struggling to keep the l
Sponsored Content: Keep it Quiet: Overcoming the Latest Challenges in EMC Regulation
Consumers and companies alike require high quality electronic equipment to support everyday lives and more of these devices are now wireless enabled, writes ROHDE & SCHWARZ.
40th GCC summit: The beginning of reconciliation?
Doha, Qatar - As leaders prepare to convene the 40th Gulf Cooperation Council (GCC) summit on Wednesday, a possible resolution to the blockade on Qatar that has lasted more than two years will dominate discussions, analysts say.
TANAP and Turkey's energy ambitions
The December 3-4 NATO summit in London was marked by internal bickering between member states. Yet by the end of the two-day gathering, consensus was reached on one item: that Russia poses a major problem to the alliance.
Zarif: Iran fully ready for prisoner swap, ball in US court
Iranian Foreign Minister Mohammad Javad Zarif has said Tehran was "fully ready" for a full prisoner exchange with the United States.
Lawyer competence includes knowledge of Indigenous-Crown history: B.C. law society
VANCOUVER - The Law Society of British Columbia has moved to require Indigenous cultural competency training for all practising lawyers in the province, in
Liz Weston: How employers help workers save for rainy days
Everyone needs a rainy-day fund — your financial health depends on it. Your employer could help you build one.Many companies offer 401(k)s and other retirem
Traffic and transportation strategies for the 2020 Games
Innovative traffic and transportation management strategies are being developed to handle the surge in travelers and traffic during the games and the various trial events.
LDP plans tax breaks to help spread 5G networks
The Liberal Democratic Party's tax panel is planning to give preferential tax treatment to mobile phone carriers and others to help spread fifth-generation
Chinese smartphone maker Xiaomi makes foray into Japanese market
Xiaomi Corp., the world's fourth-largest maker of smartphones, is entering the Japanese market, embarking on a quest to win the hearts of iPhone-loving Jap
Support smaller think tanks in Japan
Hundreds of smaller think tanks and personal offices — essentially small to medium-sized enterprises — around the country may hold the key for Japan's rebirth.
A less than satisfactory trade agreement
This trade deal, inadequate is it is, may be all that is possible during the first term of a Trump administration.
Municipal park to be reopened after 5 years
Nagampadam facility renovated at ₹2.07 crore
Crisis looms over KSRTC again
31,000 staff get 70% of salary after delay of 10 days
Aim is to boost private investment, says CEA
‘Corporate tax rate cut will help’
CGST collections miss target by 40% in Apr-Nov.
‘Registered 999 cases of GST evasion’
MahaMetro suggests Light Metro, Metro Neo for TS
Both can be built quickly to provide for faster public commute and do not require much land acquisition
‘Cabinet sub-committee willsubmit report on PPAs soon’
41 were signed with terms in favour of IPPs, says Buggana
Nine years on, graft case at CBI door
It took over nine years for complaints of massive corruption by the then Director and other officials of the National Institute of Technology (NIT) in Agartala to be processed through various governme
Walmart, Amazon to train MSMEs
E-com giants announce plans to help sector; brick-and-mortar traders peeved
Centre begins training States on piped water quality standard
Jal Shakti Ministry yet to respond on BIS draft quality control order
Imported onions reach Dindigul market
Farmers begin cultivation of shallots
Saudi Arabia favours stronger ties with India
‘Energy cooperation key to the strategic partnership between the two countries’
UMTA in the dog house
Proposed common ticket card, urban transport development fund remain on paper
India moves up one spot in human development index: UNDP report
India is ranked 129 out of 189 countries according to a report by the United Nations Development Programme.
Rupee darts up 16 paise to 71.04 against U.S. dollar
The rupee pared initial losses and settled 16 paise up at 71.04 against the U.S. dollar on Monday amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas. Fr
HC asks RBI to reply to Kochhar’s plea
Court hearing arguments on termination of services of ex-ICICI Bank MD & CEO
Traders want shops in temporary bus stand
They also demand new bus stand under Smart City programme
Equity flows in MFs dip sharply, assets rise to a record in Nov.
With stock indices rising, investors opt for profit booking; gold ETFs see inflows
Conclave onblockchain
Top blockchain experts and thought leaders from around the world will take part in a two-day conclave, ‘BlockHash Live 2019’ to be held here from December 12.The experts will share ideas and lead disc
‘Increase minimum wage of workers to ₹21,000’
Alleging that the labour laws were being diluted, workers have demanded the revival of the Contract Labour Advisory Board and minimum wage of ₹21,000. ‘Karmika Garjana’ Addressing a ‘Karmika Garjana’
New rope car construction inspected
PALANIA second rope care facility was proposed and construction work has begun at the Palani hill temple. On Monday, representatives and experts from the French company Poma inspected the first phase
Sensex rises 42 points in range-bound trade; bank, auto stocks spurt
Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters. After opening on a weak note, the 30-share BSE Sensex stabilised in
Loans worth over ₹10 lakh sanctioned under MUDRA Yojana
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises.
Bill for regulated recycling of ships passed by Parliament
MPs raise concerns over environmental impact, workers’ safety
Meeting on pending Central Excise and Service Tax cases held
A meeting to explain the procedure to be adopted for settling pending Central Excise and Service Tax-related cases under ‘Sabka Cishwas (Legacy Dispute Resolution) Scheme, 2019’ to taxpayers was held
Japan, Australia still hopeful of India’s rethink on RCEP
Despite India’s decision to walk out of the ASEAN-led 15-nation Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement last month, officials from India’s Indo-Pacific partners Austral
Two more cheated in QR code scam
More cases of people losing money after falling prey to QR code scamsters are coming to light. Two city-based software engineers were allegedly cheated of ₹1.17 lakh in separate incidents when they we
Gold slides ₹32 on stronger rupee, global cues
Gold prices fell by ₹32 to ₹38,542 per 10 gram in the national capital on Monday due to rupee appreciation and selling in global market, according to HDFC Securities. On Saturday, the precious metal h
India, Australia review strategic ties in 2+2 secretarial talks
India and Australi deliberated on prevailing regional security concerns and explored ways for cooperation in field of defence industry and technology, said the Defence Ministry
HC stays toll collection on Doddaballapur highway
Government was unable to confirm that work on the State Highway has been completed
Serious lapses in CCRC construction: Chennithala
Leader of the Opposition Ramesh Chennithala, who visited the construction site of the Cochin Cancer Research Centre where the porch roof that was newly built had collapsed last Monday, said that it wa
Onion nightmare continues for consumers
Price of the commodity ranges between ₹110 and ₹170 per kg depending on the variety
New studio flats to be built in Bolton town centre
Nine new apartments will be built at the site of an empty warehouse
Wythenshawe finally has its own Screwfix...and it could mean great things for local charities
The new Sharston store could mean a boost for Wythenshawe charities, thanks to the Screwfix Foundation
What the General Election outcome will mean for the pound - and your travel money
As we head into the final week of campaigning, the Pound is currently trading at a 31-month high against the euro - here's what you need to know if you're about to swap your cash
Pub chain offering everyone free pints for taking part in the General Election
On Friday, December 13, the nation will wake up to a new Government, and now is your chance to have your say - but why not pick up a free beer while you're at it?
Universal Credit changes coming into force in 2020 for 12million people
The end of the five year freeze will bring relief to the 10million benefit claimants - 2.5million of whom are on Universal Credit - who've struggled at the hands of inflation for years
Perth pub closes doors after nearly 50 years
PUNTERS can take home a piece of a Perth pub which has closed its doors after nearly 50 years.
Market Pulse on December 6th
S&P 500 3145,91 +28,48.
Hotels and restaurants in East of England 'at heightened risk of insolvency'
The East of England's agricultural sector is healthier than most other parts of the UK - but construction, hotel and restaurant businesses are at heightened risk, a report suggests.
East of England nuclear contracts top £650m as Hinkley C contractors turn their attention to Sizewell C
More than £650m worth of nuclear contracts have been awarded to East of England companies for a nuclear power plant project which is set to provide the template for Sizewell C, it has been revealed.
Smart Electric Bike Startup Cowboy Set to Launch Equity Crowdfunding Raise on Crowdcube
Cowboy, a Belgium-based smart electric bike startup, has announced plans to launch an equity crowdfunding campaign on Crowdcube later this week. The funding rou
An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money
Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P inves
Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures
FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it sec
Hungary’s Central Bank Issues Warning stating that Traditional Lenders Might Be Forced Out of Market Due to Competitive Fintech Firms
Some of Hungary’s financial institutions might be forced to exit the market as they may not be adequately prepared to continue to compete with challengers fro
Blockchain, A Four-Time Waltz: Bitcoin, Ethereum, Libra & the CBDCs – The Need for a New Balance
We have deliberately chosen to limit our presentation, for pedagogical reasons, to the four fundamental periods represented by the emergence of Bitcoin, Ethereu
Regtech: Centenal, CustomerXP, Dathena, IDfy, Merkle Science are the Top 5 Asian Regulatory Tech Firms according to Regtech100
Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that
House Democrats lay out case for formal Trump impeachment as President tweets his scorn
The House Judiciary Committee received a detailed summing up of the impeachment case against President Donald Trump as both sides of politics began to feel the pressure.
SIPRI: Global arms industry sales up 4.6% worldwide, U.S. companies dominate Top 5
For the first time since 2002, the top five spots in the ranking are held exclusively by U.S.-based arms dealers.
Lies, damn lies and superannuation
It’s fair to say that Industry Super Australia (ISA) has a vested interest in raising the superannuation guarantee (SG) from the current 9.5% to 12%, since this would result in more funds under management to ‘clip-the-ticket’ on, and more fee revenue.
The decimation of Australian manufacturing
The latest quarterly data from the Australian Bureau of Statistics (ABS) has revealed in all its hideous glory the decimation of Australia’s manufacturing sector.
Wages killer: Skilled visa pay crashes below Aussie average
In the years leading up to the May federal election, the Morrison Government and its supporters used Australian Taxation Office (ATO) data to lobby against Labor’s policy changes to negative gearing, claiming that those earning $80,000 were ‘middle-income earners’.
Luno Planning To Add Ripple To Its List By Early 2020
Luno, the cryptocurrency exchange, seems to be making waves of late. Less than a month after it officially announced its comeback in Malaysia and plans to expand its cryptocurrency list, the company recently announced that
TSMC To Kick Off 5nm Mass Production Mid-2020; 3nm To Start In 2022
Earlier this year, TSMC announced that it had completed the fabrication process of its upcoming 5nm die lithography. Now, the Taiwan-based foundry recently announced that it is ready to go into mass production with its
China and America: A political war!
This news reminded me of the American writer George Friedman, who said that America’s strategy with China would not be direct confrontation, but would be rooted in the spirit of democracy and economic liberalism as opposed to the political weight of central decisions made in Beijing.
SPA, ATA sign cooperation MoU
This came during a meeting held at SPA headquarters in Riyadh between Al-Hussein and the ATA director general and her delegation comprising Romelda Rapolari, director of human resources division and Arian Jorgaqi, director of international news division in addition to SPA Vice President Ahmed Bin Ibrahim Al-Awadh, Saudi Press Agency reported.
Day 5 of public transport chaos as French strike bites
President Emmanuel Macron, Prime Minister Edouard Philippe and senior cabinet ministers met late Sunday to discuss the contentious reform, which the country's powerful labor unions claim will force many to work longer for a smaller retirement payout.
The role of geopolitics in GCC unity
All current member states are monarchies, two absolute monarchies (Saudi Arabia and Oman), three constitutional monarchies (Qatar, Kuwait and Bahrain) and one federal monarchy (United Arab Emirates).
EP emir launches ‘ZADK’ Saudi Culinary Academy
In his speech after cutting the ribbon formally inaugurating the academy, Prince Saud said: “The Saudi youth have become an example to be followed in their creativity in many fields. The Saudi citizen is capable of transferring the Kingdom’s culture to the world with professionalism and competence. There are vast opportunities before the Saudi youth with the food sector witnessing considerable development. Investment in this field is promising, provided high quality standards are followed in all aspects."
Benchmark Lowers Harvard Bioscience (NASDAQ:HBIO) to Buy
Harvard Bioscience (NASDAQ:HBIO) was downgraded by analysts at Benchmark to a “buy” rating in a research note issued to investors on Monday, The Fly reports. HBIO has been the subject of several other research reports. ValuEngine cut Harvard Bioscience from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Zacks […]
Tennant (NYSE:TNC) SVP Sells $40,004.36 in Stock
Tennant (NYSE:TNC) SVP David W. Huml sold 506 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $79.06, for a total value of $40,004.36. Following the completion of the transaction, the senior vice president now directly owns 12,879 shares in the […]
Mindexcoin Price Tops $0.0010 on Major Exchanges (MIC)
Mindexcoin (CURRENCY:MIC) traded 0.3% lower against the dollar during the 1 day period ending at 11:00 AM ET on December 9th. One Mindexcoin token can now be bought for about $0.0010 or 0.00000013 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta), Token Store, LATOKEN and Mercatox. Mindexcoin has a market capitalization of $674,350.00 and approximately $7,246.00 […]
Peony (PNY) Achieves Market Cap of $21,714.00
Peony (CURRENCY:PNY) traded down 1.2% against the dollar during the 1-day period ending at 8:00 AM Eastern on December 9th. During the last week, Peony has traded 5.6% higher against the dollar. Peony has a market cap of $21,714.00 and $267.00 worth of Peony was traded on exchanges in the last 24 hours. One Peony […]
Zen Protocol (ZP) Hits Market Capitalization of $736,884.00
Zen Protocol (CURRENCY:ZP) traded 8.6% higher against the U.S. dollar during the 1-day period ending at 8:00 AM ET on December 9th. Zen Protocol has a market capitalization of $736,884.00 and approximately $2,007.00 worth of Zen Protocol was traded on exchanges in the last day. One Zen Protocol coin can currently be bought for approximately […]
Sutter Rock Capital Corp. (NASDAQ:SSSS) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Sutter Rock Capital Corp. (NASDAQ:SSSS) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Analysts have set a one year consensus price target […]
Sandler O’Neill Downgrades FB Financial (NYSE:FBK) to Hold
FB Financial (NYSE:FBK) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, The Fly reports. Several other analysts also recently weighed in on FBK. Zacks Investment Research raised shares of FB Financial from a “sell” rating to […]
Dinero (DIN) Price Hits $0.0002 on Top Exchanges
Dinero (CURRENCY:DIN) traded up 0.5% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on December 9th. During the last week, Dinero has traded 4.4% higher against the U.S. dollar. One Dinero coin can currently be bought for $0.0002 or 0.00000003 BTC on popular exchanges including Graviex, Trade Satoshi, CryptoBridge […]
Gemini Dollar (GUSD) Price Up 1.2% This Week
Gemini Dollar (CURRENCY:GUSD) traded down 0.2% against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on December 9th. One Gemini Dollar token can currently be purchased for about $1.00 or 0.00013392 BTC on exchanges including DEx.top, HitBTC, The Rock Trading and Bibox. In the last week, Gemini Dollar has traded up […]
Patterson Companies (NASDAQ:PDCO) PT Raised to $22.00
Patterson Companies (NASDAQ:PDCO) had its target price hoisted by Robert W. Baird from $19.00 to $22.00 in a research report report published on Friday, AnalystRatings.com reports. Robert W. Baird currently has a neutral rating on the stock. PDCO has been the subject of a number of other reports. Wolfe Research set a $17.00 target price […]
Analysts Set CarMax, Inc (NYSE:KMX) PT at $97.58
Shares of CarMax, Inc (NYSE:KMX) have received an average rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued […]
Magenta Therapeutics (NASDAQ:MGTA) Receives Neutral Rating from Goldman Sachs Group
Goldman Sachs Group reaffirmed their neutral rating on shares of Magenta Therapeutics (NASDAQ:MGTA) in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a $18.00 price objective on the stock. MGTA has been the subject of several other reports. ValuEngine cut Magenta Therapeutics from a hold rating to a sell […]
Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $230.00
Ulta Beauty (NASDAQ:ULTA) had its target price raised by Nomura from $215.00 to $230.00 in a report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a reduce rating on the specialty retailer’s stock. A number of other brokerages also recently issued reports on ULTA. Stifel Nicolaus dropped their price target on Ulta Beauty […]
AICHAIN (AIT) Achieves Market Cap of $438,636.00
AICHAIN (CURRENCY:AIT) traded down 1.8% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM ET on December 9th. One AICHAIN token can currently be purchased for $0.0008 or 0.00000011 BTC on popular exchanges including CoinEgg, BCEX, FCoin and OTCBTC. AICHAIN has a total market cap of $438,636.00 and $22,239.00 worth of […]
Cabot Oil & Gas Co. (NYSE:COG) Receives Consensus Rating of “Buy” from Analysts
Cabot Oil & Gas Co. (NYSE:COG) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The […]
Lennar (NYSE:LEN) Research Coverage Started at Goldman Sachs Group
Goldman Sachs Group initiated coverage on shares of Lennar (NYSE:LEN) in a research report released on Friday morning, 24/7 WallStreet reports. The firm issued a buy rating and a $71.00 price objective on the construction company’s stock. Several other research analysts have also issued reports on the stock. JMP Securities increased their target price on […]
-$0.31 Earnings Per Share Expected for Arlo Technologies Inc (NYSE:ARLO) This Quarter
Wall Street brokerages expect Arlo Technologies Inc (NYSE:ARLO) to post earnings of ($0.31) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Arlo Technologies’ earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.29). Arlo Technologies posted earnings per […]
Zacks: Embotelladora Andina SA ADR Series B (NYSE:AKO.B) Receives Average Recommendation of “Strong Sell” from Brokerages
Embotelladora Andina SA ADR Series B (NYSE:AKO.B) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. Brokerages have set a 1-year consensus price target of $16.00 for the company, […]
Go-Ahead Group plc (LON:GOG) Receives Average Rating of “Hold” from Analysts
Go-Ahead Group plc (LON:GOG) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 […]
Insider Selling: Five9 Inc (NASDAQ:FIVN) CMO Sells 3,007 Shares of Stock
Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 3,007 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $67.33, for a total transaction of $202,461.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC […]
ABB (NYSE:ABB) Receives New Coverage from Analysts at Barclays
Research analysts at Barclays assumed coverage on shares of ABB (NYSE:ABB) in a research report issued on Monday, BenzingaRatingsTable reports. The firm set an “overweight” rating on the industrial products company’s stock. ABB has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ABB […]
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
Subprime lender Amigo’s chief executive and chairman quit
Departures follow move by founder James Benamor to reassert control of the business
UK apprenticeship levy’s low take-up highlighted by survey
Two years after its launch, half of the companies covered by the scheme have yet to spend anything
Brussels asks news groups to describe their data deals with Google
Questionnaire sent to publishers is part of wider competition probe
China tech/Lenovo: battle standard
Beijing should remember that all armies depend on their supply lines
Tullow’s timely lesson for bets on battered energy stocks
The search for unfairly undervalued energy investments is peppered with difficulties
Central bankers pay tribute to Paul Volcker
US Fed chairman who tackled 1970s-era inflation has died aged 92
GitHub keen to open subsidiary in China
Beijing wants Chinese developers to engage more with open-source software, says executive
EU unveils €3bn research fund to develop batteries
Seven member states to invest in the project which is set to run until 2031
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
The unappealing fate of the WTO’s Appellate Body
Unless there is a massive U-turn by the US, the institution will grind to a halt
Samsung executives guilty of destroying evidence in fraud case
Three employees jailed for up to two years in case linked to $3.9bn accounting fraud
Deutsche to cut €100m from domestic retail banking unit
Lender plans to scrap legal entity that runs the operation and merge it into group
HSBC reshuffles top team ahead of restructuring
Interim chief Noel Quinn plans big overhaul of group to slash costs in Europe and the US
Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?
Ethereum finally broke above the $150 level but now struggles at the resistance at $152. ETH broke beneath the lower boundary of the symmetrical triangle
Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has
Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it's rolling out cash-settled Bitcoin futures
Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?
Summary XRP has seen an increase of 4.25% this week as it reaches $0.23. The cryptocurrency broke above a steep descending channel that was apparent in
Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’
Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with
Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment
Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has reportedly adopted an amended draft law that seeks to
U.S. Supreme Court rejects Arizona opioid case against Purdue, Sackler family
The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family - owners of Purdue Pharma LP - funneled out of the OxyContin maker before the company filed for bankruptcy in September. The justices
Russian forces enter former Islamic State stronghold in Syria after U.S. pullback
Russian forces have entered Raqqa, the former de facto capital of the Islamic State caliphate, in one of the starkest examples yet of how Moscow has filled the vacuum created by President Donald Trump's decision to pull U.S. forces from northern Syria. Russian troops were shown in footage on the
Russia plans to set up Arctic air defence 'dome' with S-400 missiles
Russia plans to establish an air defence "dome" across its polar region by arming all of its Northern Fleet's Arctic divisions with S-400 missile batteries, a Russian naval commander said on Monday. Russia has been stepping up its military presence in the Arctic, building new infrastructure
Once propped up by Qatari high-rollers, Saudi city prays for truce
Al-Ahsa (Saudi Arabia) (AFP) - Jackhammers and cranes gather dust at half-built Qatari-funded hotel sites in a Saudi city hit hard by an abrupt diplomatic rupture, but signs of thawing cross-border ties are reviving economic hopes. Saudi Crown Prince Mohammed bin Salman has downplayed the dispute with
Meet the "Blue Magpie": Taiwan's New Domestically-Made Fighter?
Here's what we know.
Mexico rejects US trade deal proposals on steel, aluminum
Mexico's foreign minister said Sunday the country would not accept a US proposal for steel and aluminum production under the new trade deal, saying it would leave Mexico at a disadvantage. During a meeting with senators to discuss details of negotiations for the United States-Mexico-Canada treaty
Climate change threatens food supplies
A team from the International Institute for Applied Systems Analysis (IIASA) based in Austria said climate change not only resulted in higher temperatures but is also producing more severe climatic events such as drought, heatwaves and floods. "Climatic shocks to agricultural production contribute
U.S. Supreme Court rejects challenge to Berkeley cell phone law
The U.S. Supreme Court on Monday rejected a free speech challenge brought by a trade group against a regulation issued by the California city of Berkeley that requires cell phone retailers to tell customers of certain radiation risks. The justices left in place a July 2019 decision by the San Francisco-based
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud. Prosecutors began investigating the suspected fraud at Samsung Biologics
Najib Says He’s Right to Buy $131,000 Gift for Wife: 1MDB Update
(Bloomberg) -- Najib Razak said he has the right to buy birthday presents for his wife and gifts for a former leader of Qatar using funds that prosecutors allege was siphoned from a former unit of 1MDB.Malaysia’s former prime minister testified in court that he spent 763,500 euros ($845,000) at jeweler
UK PM Johnson on Heathrow: might be difficult to lie before bulldozers
British Prime Minister Boris Johnson said on Monday he would try to find a way to honor his promise to oppose Heathrow airport expansion by lying down in front of bulldozers but that it might be difficult for him. The British parliament has approved an expansion plan for Heathrow, including building
Elizabeth Warren Built the Consumer Financial Protection Bureau. It Became a Revolving Door.
When Sen. Elizabeth Warren (D-MA) began staffing up the Consumer Financial Protection Bureau in 2010 and 2011, she did something that appeared, at first blush, to be highly counterintuitive. Instead of limiting staff to those with extensive background in consumer activism and regulatory policy, she chose
South Korea Financial Markets
Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another U.S. tariff hike
Sweden charges former China envoy over dissident bookseller case
Swedish prosecutors said on Monday they had brought criminal charges against the country's former ambassador to China over unauthorized meetings in Stockholm aimed at freeing dissident bookseller Gui Minhai. Anna Lindstedt was replaced as ambassador in February amid a furore over her alleged role
Amid flurry of Saudi reforms, mocktails on order in execution square
For decades, criminals in Saudi Arabia were lined up after Friday prayers at a central Riyadh plaza and beheaded by sword in a gruesome public spectacle overseen by the religious police. Such jarring contrasts are accompanying the rapid social changes under Crown Prince Mohammed bin Salman, like lifting
Ramaphosa Pledges Tough Love for Ailing South African Firms
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterPresident Cyril Ramaphosa said he’s ready to make tough decisions about the future of South Africa’s struggling state-owned companies, after placing the national airline into bankruptcy protection last week.“Business
Boeing is promising 3 fixes to the faulty system behind the 737 Max crashes to let pilots stop it from forcing the plane into an unstoppable nosedive
MCAS, which was designed to automatically push the plane's nose down to stabilize it, was identified as a key factor in both 737 Max crashes.
Russia plans to set up Arctic air defense 'dome' with S-400 missiles
Russia plans to establish an air defense "dome" across its polar region by arming all of its Northern Fleet's Arctic divisions with S-400 missile batteries, a Russian naval commander said on Monday. Russia has been stepping up its military presence in the Arctic, building new infrastructure
The US raked in a record $7.2 billion in tariffs in October, new data shows
While the White House has asserted that foreign exporters pay tariffs, there's evidence those costs largely fall on domestic business and consumers.
With many having opted to work from home last week and only now returning to the workplace, this week will test public support for the strike
France's transport chaos deepened Monday on the fifth day of a nationwide strike over pension reforms, ramping up tensions at the start of a crucial week in President Emmanuel Macron's battle with trade unions. With only two of the Paris metro's 16 lines running as normal and suburban trains
UPS Truck Chase-Shootout
Family and friends honored on Monday a UPS driver who was killed in a shootout between Florida police and the robbery suspects who had hijacked his delivery truck. Loved ones filed by Frank Ordonez's open casket at a Miami funeral home to pay respects to the 27-year-old driver. Some UPS employees
From karate to pepper spray, sexual assaults prompt Indian women to fight back
KOLKATA/BENGALURU (Reuters) - Indian karate teacher Monimala Halder took up the sport in her teens as a way to get fit. "I caught hold of the pillion rider just as he was reaching out for us and we beat them up," said Halder, 35, who has seen a steady rise in the number of women seeking self-defense
No let-up in Macron's duel with unions on fifth day of strikes
Trade unions called for more street protests after nationwide strikes aimed at forcing President Emmanuel Macron to abandon his pension reforms caused chaos on France's transport networks for a fifth day on Monday. The week ahead will test whether Macron can deliver the social and economic change
The Pros and Cons of Standard vs. Itemized Tax Deductions
It shields a portion of your earnings from income tax. While the standard deduction is the government's built-in subtraction that you can take while preparing your taxes, itemizing is composed of individual deductions that, together, can help lower the amount of taxable income you pay. Read on to
Bolsonaro Says Trade With Argentina Will Go On Despite Fernandez
(Bloomberg) -- President Jair Bolsonaro said trade with Argentina “will remain the same” despite his animosity with President-elect Alberto Fernandez but didn’t confirm whether Brazil will send a high-ranking representative to his inauguration in Buenos Aires.Asked whether he had changed plans to send
Labor Union President Confirms Trump and House Democrats Have Reached Deal on USMCA: Report
The president of the largest federation of unions in the country said Monday that the Trump administration and House Democrats had reached a deal on President Trump’s landmark USMCA trade deal after months of negotiation.AFL-CIO President Richard Trumka, who represents a key party in negotiations, told
Qatar’s Emir Unlikely to Attend Gulf Summit in Riyadh
(Bloomberg) -- Qatar’s emir isn’t likely to attend the Gulf Cooperation Council heads of state summit starting Tuesday in Saudi Arabia, according to people familiar with the matter who confirmed progress toward mending a drawn-out regional rift while tempering expectations of a breakthrough this week.Sheikh
U.S. Supreme Court rejects Arizona opioid case against Purdue, Sackler family
The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family - owners of Purdue Pharma LP - funneled out of the OxyContin maker before the company filed for bankruptcy in September. The justices
Russia confident UK's top court to rule in its favor in Eurobond case vs Ukraine
The Russian finance ministry said on Monday it remained confident that the UK Supreme Court would rule in Moscow's favor in a Russia-Ukraine $3 billion Eurobond case, it said in a statement. The debt was borrowed six years ago by a pro-Russian president months before he was toppled in a popular
How Swiss healthcare costs have 'doubled' since 2000
Recently released figures show that health insurance premiums have doubled in the past 20 years, with some Swiss households spending almost one fifth of their salary on healthcare.
How much do workers in Switzerland earn - and which jobs are the best paid?
Wages are high in Switzerland - which is just as well due to the sometimes prohibitive cost of living. But how much on average do Swiss people actually earn - and which jobs are the best paid?
Bloomberg Lists Top Cryptocurrencies of 2019: Bitcoin Comes in Second, With XRP And Stellar Lagging Behind
Bitcoin had a big 2019, with a 101% jump in price from $3,742 to $7,537 at time of publishing, according to CoinMarketCap. But despite its blockbuster performance, Bitcoin is not the number one crypto asset of the year, in terms of performance.
Ethereum Developers Are Creating a Revolutionary Open Financial System: Report
To combat failing fiscal policies, currency manipulation and a shadow banking system that continues to feed fee-grabbing financial intermediaries, Ethereum developers are building tools that reimagine how money flows and how financial services are provided.
Crypto Analyst Calls Big Bitcoin Breakout in Three Days – BTC, XRP, Ripple, Litecoin Newsflash
A crypto analyst known in the industry as The Cryptomist says Bitcoin may be poised for a big breakout. In a series of tweets to her 43,000 followers, the analyst says BTC appears to be in an ascending triangle and could breakout in a matter of days.
Petrol Price Reaches Rs 75 Per Litre, Diesel Crosses Rs 66 Mark, First Time in One Year
Though the diesel rate has been moderate, the price of petrol has been on the rise since November 9.
DCW Chief Swati Maliwal Urges Smriti Irani to Disburse ‘Nirbhaya’ Fund to States
The Union Home Ministry on December 5 sanctioned Rs 100 crores from 'Nirbhaya' Fund for setting up women help desks at police stations across the country.
Priyanka Lambasts Centre Over Rising Petrol, Onion Prices, Says Govt is in Sleeping Mode
"The inflation has made the life of common man worse, prices of onion have crossed Rs 200 in some parts and petrol has crossed Rs 75, but the BJP government is in sleeping mode", stated Priyanka.
As Onion Price Reaches Rs 200 Per kg, Centre Reduces Stock Limit For Retailers
For wholesalers, the stock limit remains 25 MT, while for retailers, is has further been reduced to 2 MT from the earlier 5 MT.
Tamil Nadu Couple Gets Bouquet Of Onion As Wedding Gift, Picture Goes Viral
In a picture that has now gone viral, a married couple can be seen holding the bouquet of onions while being surrounded by their friends.
Concrete pour with 150 trucks closes streets overnight in downtown Oklahoma City
More than 1,500 cubic yards of concrete slurry, delivered by 150 trucks, was poured overnight Friday for the foundation of a new entrance and exit ramp tower that will provide access to structured parking as part of the redevelopment of First National Center. Demolition of the 1971 First National annex facing Broadway started in July 2018 and wrapped over the summer. Developer Gary Brooks said the late-hour pour was scheduled to avoid traffic hassles and other inconveniences to downtown workers, visitors and residents as a result of the large line-up of trucks. The new tower will connect to the 1957 annex facing Park Avenue that is being converted into parking. The first two floors will be rebuilt as a retail gallery.
Ex-Fed Chair Volcker dies, tamed inflation with recession
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.He was 92.Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip of runaway inflation. Consumer prices skyrocketed 13% in 1979 and then by the same pace again in 1980.Working relentlessly to bring prices under control, Volcker raised the Fed’s benchmark interest rate from 11% to a record 20% by late 1980 to try to slow the economy’s growth and thereby shrink inflation.Those high interest rates made it so expensive for people and companies to borrow that the economy
Meet the "Blue Magpie": Taiwan's New Domestically-Made Fighter?
Here's what we know.
China's Plan for 6 Aircraft Carriers Just 'Sank'
China reportedly is slowing its plan to acquire two aircraft carriers for each of its regional fleets. Instead of speeding ahead with the development of a six-carrier fleet -- two each for the
AR-15s Are Nothing: This Is What Makes the AR-500 Rifle so Dangerous
All of the fact.
Bitcoin Eyes Crash Towards $6K as Market’s Distress Grows
Bitcoin opened on a faint note this Monday as the market showed a lack of sense of direction owing to low volatility. The world's leading cryptocurrency
Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over?
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally
Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market Bottom
After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s
OKEx Prepares to Launch USDT-Margined Perpetual Swap Trading, Announces TMMR Risk Management Feature for Spot Margin Trading
OKEx, the leading global cryptocurrency futures exchange platform has announced that it is going to soon launch its USDT Margined Perpetual Swap Trading
PA Villagers Enraged: Jews Bought Parcels in Arab Development Project
Abu Samra uploaded an ad in Hebrew announcing "A golden opportunity to buy land in Judea and Samaria!" above a map of the land plots available for purchasing from the Arab project.
Naspers spin-off Prosus ups Just Eat offer to £5.1-billion
Naspers spin-off Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
A national emergency: Eskom moves to stage-6 load shedding
Eskom has implemented stage-6 load shedding as the problems at the failed state-owned utility keep mounting.
Shareholders in revolt over EOH pay policy
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
New Zealand is a far more multicultural place today – its mainstream media is not
Commercial media, a business that requires public trust and goodwill, is in a tough financial position right now. Gaurav Sharma says that's in part because of its poor job of reaching immigrant communities, in the first of a new monthly column for The Spinoff. Let's start with a test, about refer
France braces for further travel chaos as pension strike continues
Only a fifth of high-speed trains and cross-country services are expected to run in France on Monday as strikes over President Emmanuel Macron's pension reform continue.
Quarter of world's arms sales from European companies: SIPRI
The UK, France, Italy, and Germany were Europe's biggest arms sellers last year but remain behind Russia and the US.
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Premium economy to be launched on Britain’s railway
Avanti West Coast is developing plans to introduce a middle tier between standard class and first class.
Floppy Disk With Steve Jobs Signature Just Sold for a Whopping $84,000 at an Auction
The disk was in "fine condition, with slight brushing to the ink."
Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
While there are still roughly three weeks to go until the new year starts and the fireworks go off, it seems some firms wanted to get a jump on the action.
Prosus Boosts Just Eat Bid To $6.5B
Naspers-owned Prosus upped its bid to $6.5 billion to acquire London's food delivery service Just Eat, putting pressure on rival buyer Takeaway.
Creating Rent The Runway For Jewelry Lovers
Jewelry rental platform Switch aims to make it easy for consumers to rent, use and return jewelry they might like to wear but not own.
Jimmy John’s Launches Loyalty Program
Sandwich chain Jimmy John's announced Monday (Dec. 9) the nationwide launch of its first customer-loyalty program.
Subscription Services Top Santa’s 2020 Gift List
Recurly discusses the newer trend, reflected in Cyber Monday data, among consumers to give the gift of subscription services during the holiday season.
SMBs’ Late Payments Pain Spreads Across Borders
Kenya, South Africa, Romania, the U.K. and Australia are all struggling with late invoice payments to small businesses, new data reveals.
Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments
Among the findings of the 2018 Diary of Consumer Payment Choice, produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise.
Accuity To Power GoCardless’ Recurring Payments Expansion Into US
GoCardless entered into a collaboration with Accuity to launch a seamless way for businesses to collect payments in the U.S. via an ACH-based debit offering.
How Furniture Fuels AR And Other Retail Innovations
Retailers are turning to visual technologies and new business models to reach more consumers. What's next for the retail consumer experience for furniture?
NEW DATA: Behind The Consumer’s Surging Interest In Mobile Card Apps
The Bridging The Gap: Mobile Card App Adoption Report examines how consumers are turning to smartphone apps and features to track and manage their account use.
Consumers Increasingly In The ‘Buy Now, Pay Later’ Mood
The rise of "buy now, pay later" shows the increased flexibility retailers are offering – and consumers are demanding – amid a changing commerce landscape.
PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet To Come
PayPal CEO Dan Schulman shares why he expects breakthroughs in the payments ecosystem to happen at a fast pace in the coming decade.
Walmart’s Santa Sweater Scandal (And The Challenges Of Marketplace Operation)
Walmart finds itself issuing an apology after its site featured an adults-only Christmas sweater that features Santa about to snort what looks to be cocaine.
How Truckers Keep On Transacting
America's 3.5 million truckers face serious delays when they can't easily pay for fuel and cargo unloading services. Carrying cash isn't always safe, and payments acceptance can vary retailer-to-retailer. In the new Next-Gen Payments Report, Women In Trucking Association CEO Ellen Voie explains how EMV cards, expense tracking and budgeting tools keep drivers from veering off course.
Macy’s Spotlights Women-Owned Businesses With SoGifted
Macy's is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses.
Credit Unions Find Opportunity In Payments Disruption
CULedger discusses credit unions' opportunity in payments innovation by being "rail agnostic" and supporting digital identity, data exchange and value exchange.
Can Buy Now Pay Later Solutions Cut Through The Holiday Noise?
U.S. consumers are expected to spend roughly $149 billion online this holiday season — but many are still paying off credit card bills from last year's splurge. Getting consumers to spend, without making them feel overextended, may require new methods. In the inaugural Buy Now, Pay Later (BNPL) Tracker, Nick Kaplan, president of fashion brand Fashion To Figure, explains how BNPL solutions are becoming key to giving consumers financial flexibility and merchants more sales.
Goldman Plans To Launch Robo Adviser Next Year
Goldman Sachs is planning to launch digital wealth management services to clients with as little as $5,000 in 2020 in the form of a robo adviser.
Why SamsClub.com CEO Says It’s A $60B Tech Start-Up
Sam's Club is most commonly thought of as a wholesale membership retail experience, but Sam's Club's says it more resembles a tech start-up that a retailer.
How to empower small businesses in Pakistan
Marketing, payments and logistics are essential for small businesses to have sustainable exports
The case against Mike Sonko
A breakdown of the specific charges the Nairobi governor faced.
Explainer: Your rights in a PSV
As a PSV passenger you have rights that are enforceable
Wa Iria party wants Helb loans waived
Mwangi urges Helb to stop charging interest on student loans.
A look inside Intare Arena in Kigali
The facility was built to spur Rwanda's meetings, incentives, conferencing, exhibitions (MICE) segment
Cracks on Njoro interchange worry motorists
KeNHA allays fears that cracks pose danger to motorists.
Rate cap: Who between governor and banks will blink first?
Njoroge has a tough task of ensuring that in post rate capping regime, Wanjiku is protected from ravenous lenders
Has the public sector remote working revolution really been effective?
David Beggs, practice director at Managementors, explores just how successful public sector remote working has really been for productivity
10 Amazon Green Monday deals that are better than Black Friday 2019
Amazon’s Black Friday 2019 sales event was its biggest ever, according to a press release that the nation’s top online retailer sent out last week. That’s pretty impressive consid…
Keep all the new gear you bought on Black Friday safe with this one-day sale on surge protectors
Whether you bought a massive new 4K TV on Black Friday, a new smartphone, or any number of hundreds of thousands of other gadgets and gizmos that were on sale, there’s one must-have accessory…
Black Friday’s best Bose deals are back on Amazon – and a new deal that’s even better!
Green Monday 2019 is here and it brought Bose’s two best Black Friday deals back with it. What’s more, Green Monday also gives us the first big discount ever on Bose’s hot new hea…
Stock up on Samsung microSD cards at deep discounts starting at $17 for a 128GB card
With Black Friday now behind us and Cyber Monday in the past, you’ve undoubtedly got a bunch of new gadgets in your possession that support removable storage. So if you’re smart, you…
How the heck is the Instant Pot Duo 60 back down to $49 on Amazon?!
You’ll find a whole bunch of great Instant Pot deals for Green Monday over on Amazon if you check it out right now, but there’s one deal in particular that we can’t believe. After…
Remember the Roomba that was down to $200 for Black Friday? It’s somehow only $195 today
We knew Amazon was going to have a big showing this year for Green Monday 2019, but we had no idea that the retailer was going to go as nuts as it did. Seriously, some of today’s deals are ev…
Lawan: Power generation may fall below 4,000MW if urgent action isn’t taken
Senate President Ahmad Lawan says if nothing is done to address the challenges in the power sector, the 4,000 megawatts the country currently enjoys may become a challenge.
Buhari to spend three days in Egypt
President Muhammadu Buhari will depart Abuja on Tuesday for Aswan, Egypt to attend a meeting designed to set “an agenda for sustainable peace and development in Africa.” Femi Adesina, presidential
FG: All agencies, ministries must publish details of financial activities daily
The federal government has directed that all ministries, departments and agencies (MDAs) must publish a daily statement of their financial activities
Buhari fails to renew Fowler’s tenure, names new FIRS chairman
President Muhammadu Buhari has appointed Muhammad Nami to replace Babatunde Fowler as chairman of the Federal Inland Revenue Service (FIRS)
Inside New York retreat the Scribner’s Catskill Lodge
A tried 1960s motor lodge gets a new lease of life
Dipo Awojide becomes first Nigerian to be honoured as LinkedIn Top Voice
Last week, LinkedIn unveiled its annual Top Voices list. This list highlights professionals in a variety of industries who are building communities and starting thoughtful conversations on LinkedIn through their articles, posts and comments. Dr Dipo Awojide, a Senior Lecturer in Strategy at Nottingham Business School (UK), and Founder of BTDT Hub and BTDT Home […]
Corruption trial of Angolan ex-president’s son begins
The son of former Angolan President Jose Eduardo dos Santos appeared in court on Monday, at the start of his trial on corruption charges.
Electricity vandals throw nine Anambra communities into darkness
EEDC on Monday said that about nine communities were affected by the power outage resulting from the vandalism of the Enugwu-Ukwu 33KV line
Gbadamosi seeks repeal of Land Use Act
A real estate developer, Mr Babatunde Gbadamosi, has called for the repeal of Land Use Act to allow for freehold ownership system in all states across the federation.
Yahaya approves additional N550m for payment of gratuities to retirees
Inuwa Yahaya of Gombe State has approved the release of an additional N550 million for the payment of gratuities to the state retirees.
Buhari directs accountant-general, MDAs to make daily financial inflows public
Nigeria President Muhammadu Buhari on Monday directed ministries, departments and agencies of the government to publish daily treasury summary statements of financial inflows and outflows. President Buhari, represented by the Minister of State for Niger Delta, Tayo Alasoadura gave the directives at the official launch of the Financial Transparency Policy and Implementation Guidelines by the […]
Travelstart takes over Jumia Travel
Weeks after it closed shops in Cameroon and Tanzania, Jumia, the largest e-commerce operator in Africa, has offloaded its travel operations to Travelstart. In the new arrangement, Jumia will still promote the travel category on its platforms but Travelstart will be responsible for the “operational side of the business.” “This partnership will ensure we remain […]
EFCC recovers N3.6bn, 10 houses from suspected looters in Ilorin
The Ilorin Zonal office of the Economic and Financial Crimes Commission says it has recovered N3.6 billion and 10 houses from suspected looters.
French strike chaos deepens in crucial week for Macron
France's transport chaos deepened Monday on the fifth day of a nationwide strike over pension reforms, ramping up tensions at the start of a crucial week in President Emmanuel Macron's battle with trade unions.
Damages claim by Angela Kerins adjourned until January
A High Court claim for damages by former Rehab CEO Angela Kerins over her treatment by the Dáil Public Accounts Committee has been adjourned until January.
Airtel scraps expiry dates on data, voice as subscriber numbers continue to grow
NAIROBI, Kenya, Dec 9 - Airtel Kenya has launched no expiry data and call rates that will allow customers to spend as low as 1 bob for 5MB data and to make calls at 2bob
KWS adopts new policies to fight corruption
NAIROBI, Kenya, Dec 9 - Tourism Cabinet Secretary Najib Balala has emphasised the need for the operationalisation of the Kenya Wildlife Service (KWS) code - Kenya breaking news | Kenya news today | Capitalfm.co.ke
NSE raises Sh8.7mn to support cancer control initiatives
NAIROBI, Kenya, Dec 9 - The Nairobi Securities Exchange raised Sh8.7 Million in cash and in kind in its fifth annual Charity Trading Day bringing the total amount raised over the course of five years
ACP nations will defend multilateral trading systems – Kenyatta
NAIROBI, Kenya, Dec 9 - President Uhuru Kenyatta today said the African, Caribbean and Pacific group of nations will strongly defend multilateral trading systems in order to protect themselves from unfair trade practices. President Kenyatta said
Tassia collapse building death toll rises to 10 after 4 more bodies found
NAIROBI, Kenya, Dec 9- The death toll from the building that collapsed in Tassia Estate in Embakasi Constituency has risen to 10 after more bodies were - Kenya breaking news | Kenya news today | Capitalfm.co.ke
Minet Wins Insurance Brokerage of the Year Award
NAIROBI, Kenya, Dec 9 - Insurance brokerage firm, Minet Kenya has been voted the Best Insurance Brokerage Company of the year for 2019 at this year’s Think Business Insurance awards. The firm was also awarded the
Freeland heads to Mexico in effort to finalize new NAFTA revisions
OTTAWA — Deputy Prime Minister Chrystia Freeland is to meet American and Mexican officials in Mexico City on Tuesday amid reports a deal to revise the new North American free-trade agreement is close. . .
Highest ever number of closure and enforcement orders on food businesses last month
The 'highest ever' monthly number of enforcement orders were served on restaurants and other food...
Slowdown only cyclical, India's growth potential not lost: Chief Economic Advisor
Subramanian said that there was, needless to say, a slowdown in the economy but it needs to be assessed whether it was structural or cyclical in nature. Indias GDP growth in Q1 of the current financial year, fell to a 6-year low of 5%, while Q2 slowed down further to 4.5%. The Reserve Bank of India has also lowered its GDP forecast for 2019-20 from 6.1% to 5%.
The next booster shot to revive economy may not be far away
Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.
At $1.6 trillion a day, EM FX trading outpaces major peers
Currency trading grew at a faster pace in emerging markets than developed nations.
Bank of Baroda to sell up to 1.04 crore UTI AMC shares in IPO
Last week, the country's largest lender State Bank of India (SBI) had approved diluting up to 8.25 per cent stake in UTI AMC.
Piyush Goyal demands reciprocal access for Indian companies abroad
Foreign cos wont be allowed in local contracts unless India Inc gets to compete in those nations, said Goyal.
Oil bulls gearing up for a rally, but Trump may play spoilsport
Oil traders should remain cautious and not get too carried away by the Opec+ saga.
India moves from 130 to 129 in human development index: UNDP report
In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said. India ranked 130 last year. The steady progress was due to nearly three decades of rapid development, which had seen a dramatic reduction in absolute poverty, along with gains in life expectancy, education, and access to health care, she said.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
Last week, govt had reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes while that on wholesalers to 25 tonnes from 50 tonnes as onion prices were ruling high up to Rs 150 per kg. Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Goldman raises oil forecast on Opec output cuts
The bank revised its Brent spot price forecast to $63 per barrel for 2020.
Delhi court allows Robert Vadra to travel abroad
The court directed him to submit a fixed deposit receipt (FDR) of Rs 25 lakh and his contact details and address of his stay abroad.
Go for quality in consumption stocks: Andrew Holland, Avendus Capital
The auto sector corrected in the past year and that is why we see value and prices rebounding in some cases
View: Saudi Aramco's $2 trillion dream isn't really about oil
Saudi officials have taken to the oil sectors investor relations style with aplomb.
10 CLSA India employees may join Jefferies: ET NOW
CLSA analysts Mahesh Nandurkar and Ashish Agrawal are among those employees who are making the switch.
VA Tech Wabag, Ion Exchange rally over 15% after NGT grim report on water pollution
Va Tech Wabag is a multinational player in the water treatment industry.
No reason that employment has come down, says Gangwar
In response to remarks on demonetisation and the job cuts it caused these years, Labour and Employment Minister Santosh Kumar Gangwar said the government is implementing the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 to mitigate hardships caused by migration.
Ease of Doing Business: Karnataka to pick lessons from New Zealand
Karnataka aims to see an increase in economic growth and job opportunities with an improvement in ease of doing business. Officials must work towards bringing Bengaluru to the forefront in ease of doing business index.
Central GST falls short of budget estimate by 40pc in April-November
CGST collection during Apr-Nov stood at Rs 3.28 lakh crore against budgeted estimate of Rs 5.26 crore.
Tariff hikes to double telcos' Ebitda: Crisil
In the last few weeks, Airtel, Vodafone and Jio have increased their tariff- a first since 2016.
F&O: Market to see major selloff if Nifty slips below 11,888 mark
In monthly options, maximum Put open interest was at 12,000 followed by 11,500 levels.
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
YES Bank likely to reject $1.2 billion offer from Canada’s Braich
The offer from Braich and SPGP made up 60 per cent of the planned capital raising.
Stay away from YES Bank till fund raising takes place: Gurmeet Chadha
There is news that YES Bank may deny Erwin Singh Braichs offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
'India took only five years to move from USD 2 to USD 3 trillion economy'
"It took us nearly 60 years after independence to achieve USD 1 trillion mark. It took 12 years to achieve our second trillion (dollar economy). And it has taken only five years, 2014 to 2019, to achieve the third trillion economy," Indian Ambassador to the US, Harsh Vardhan Shringla, said in his address to the Indian-American community.
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL Securities
Reforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
Trucking giant Celadon files for bankruptcy after ex-officials charged with fraud
An Indiana trucking company with nearly 4,000 employees said Monday it filed for bankruptcy and will shut down all operations, just days after two former officials were charged in a fraud
China to remove foreign tech from government offices amid US trade war
The policy — which reportedly affects both hardware and software — could strike a big blow to American tech companies such as Microsoft, HP and Dell.
Sports Illustrated owner Maven taps former publisher of New York magazine
New York magazine’s publisher Avi Zimak has been named to a top post at Maven, the tech and publishing company that is overseeing Sports Illustrated. Zimak, who also served as chief revenue officer
Riyadh Gears up to Host 40th GCC Summit on Tuesday
Custodian of the Two Holy Mosques King Salman bin Abdulaziz will chair in Riyadh on Tuesday the 40th Gulf Cooperation Council (GCC) summit. Riyadh has previously hosted the GCC summit on eight occasions. GCC Secretary General Dr. Abdullatif Al-Zayani
Morocco’s Bank Profits Exceeded $1.1 Bn by End of September
The profits of eight main Moroccan banks reached $1.1 billion at the end of September, a 0.96 percent increase compared to the same period last year, while the total net banking income increased 6.6 percent to reach $5.62 billion, according to financ
Pertamina offers 20 percent off avtur in eastern Indonesia during holiday traffic
State-owned oil company Pertamina will temporarily slash avtur prices by 20 percent at selected airports in eastern Indonesia ahead of expected heavy traffic during Christmas and New Year.
Royke Tumilaar appointed Bank Mandiri president director
State-owned lender Bank Mandiri’s shareholders have officially appointed Royke Tumilaar to be the bank’s new president director.
Indo-Pacific connectivity needs support for good governance
Importantly, common governance rules and standards will address issues of sustainable financing and quality infrastructure, transparency in project preparation and accountability in project execution.
Optimism abounds among industry players on Industry 4.0
Indonesia has already been in the Industry 3.0 stage where industries have adopted automation especially for tasks that are considered to be dangerous for humans.
Government nickel ore export ban to hit newly listed company
From its exports in 2018, Ifishdeco earned Rp 365 billion (US$26 million), more than double the Rp 140 billion pocketed from domestic sales.
Listed firm plans integrated property projects to weather bleak industry outlook
Bank Indonesia's policy to lower loan-to-value (LTV) ratios for mortgages by 5 percentage points, effective since Dec. 2, will likely improve the property sector.
Good governance matters
The stakes are too high for the government to quietly settle the case, as Garuda is publicly listed. Transparency matters, for without it the government would put its reputation on the line both at home and overseas.
Soon-to-be skyscrapers in Habibie’s Meisterstadt megablock feared to disrupt air traffic
Hang Nadim International Airport has demanded that the apartments have a more reasonable height so as to prevent disruption to air traffic.
I'm young, single, and healthy, but I just bought $300,000 of life insurance and it was a no-brainer
Realizing that my own death could create a financial burden for my family members made it clear to me that life insurance is a no-brainer.
An American trucking giant is expected to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless
Celadon is said to be declaring bankruptcy this week, and that collapse may leave thousands of truck drivers jobless and away from home.
McDonald's black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family
Over the past decade, black franchisees have seen the disparities between them and the rest of McDonald's franchisees grow.
How much money are people willing to spend on their kids this Christmas?
Are you going to spend more or less than the UK average?
Clarks announces loss of 170 jobs just weeks before Christmas
A spokeswoman confirmed 170 staff members will be made redundant and 80 of these workers are based at its Somerset headquarters in Street
U.S. Dollar Czar: “No Need” for Fed Issuing Digital Dollar in Next 5 Years
In recent weeks, there has been growing talk among influential U.S. figures concerning the prospects of "digitizing" the dollar via blockchain technology.
Tim Draper Asserts $250,000 Still in Bitcoin’s Scope as Price Flails
For some reason or another, many investors and analysts have begun to fear the worst for the medium-term outlook of the Bitcoin market over the past few months.
Crypto Is Money: Dai Stablecoin Support Arrives on Coinbase Debit Card
If you can spend cryptocurrency in mainstream society, then crypto is money -- at least so says the tech's biggest proponents.
Vietnam ministry may cut some tariffs on U.S. agriculture
Under pressure from the U.S., Vietnam’s Ministry of Finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples.
Dalat Hasfarm said to have raised $70m from Lombard Investments
International private equity firm Lombard Investments said to have invested $70 million in Vietnamese floriculture company Dalat Hasfarm in lieu of a majority stake.
China to replace all foreign hardware and software at government and public institutions by 2022
Among several developments in the US-China trade war has been the latter's push to make itself technologically independent of the US semiconductor industry. A major step in this direction is an order passed by the Chinese Communist Party, to push…
The 2019 CPhI Pharma Index Report
Examining this year’s industry performance
German exports rise in October, defying expectations
BERLIN (AP) - German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline.
Saudi prince's ambitions hinge on triumphant Aramco sale
RIYADH, Saudi Arabia (AP) - Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion.
EU approves state aid to develop car batteries industry
BRUSSELS (AP) - The European Union has approved 3.2 billion euros ($3.5 billion) in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households,...
Stocks slip as investors weigh outlook for US-China trade
Tokyo (AP) - Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute.
Small business hiring slow, likely to remain so, reports say
NEW YORK (AP) - Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020.
Flamboyant governor of Kenya's capital charged with graft
NAIROBI, Kenya (AP) - The flamboyant governor of Kenya's capital city, Nairobi, has been charged with 19 counts of graft-related charges as the country struggles to tackle runaway corruption.
Mexico may accept US steel trade rule, rejects aluminum
Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period.
Traffic jams cripple Paris as pension strikes halt trains
PARIS (AP) - Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways for a fifth straight day.
Nonprofit plans 50-bed homeless shelter in Scranton
SCRANTON, Pa. (AP) - A Pennsylvania nonprofit is proposing to open a 50-bed homeless shelter in Scranton.
Big investors up call for governments to take climate action
MADRID (AP) - More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change.
Former Federal Reserve Chairman Paul Volcker has died
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.
CBRE marketing UPMC's never-occupied Freight House Shops space as available for sublease
UPMC may not move into the Freight House Shops at Station Square after all.
All Xinjiang de-radicalization trainees graduate, find jobs, lead happy life: official
Trainees who used to be influenced by extremism have all graduated from the vocational education and training centers in Xinjiang, a senior official with Northwest China's Xinjiang Uyghur Autonomous Region told reporters in Beijing on Monday.
Next step for China, Vatican is to establish diplomatic ties, top-level mutual visits: bishop
Pope Francis has love and confidence in China and China trusts Pope Francis, said a Vatican bishop during a conference held in China, noting that the next step for the two countries is to establish diplomatic relations, which is at the center of the Pope's heart.
Bong Go: Manila Water should be held liable for failing to construct sewer, wastewater system
Administration ally Senator Christopher “Bong” Go said on Monday that Manila Water Company, Inc. should be held liable for environmental damage because of their failure to construct a sewerage and wastewater system as stated in their contract.
MMDA announces reactivation of Pasig River ferry
The Metropolitan Manila Development Authority (MMDA) reactivated the Pasig River Ferry Service (PRFS) on Monday as an alternative means of transportation that can help ease the traffic congestion in the metro.
Gatchalian urges DTI, DA to closely monitor prices of basic goods
Senator Sherwin Gatchalian has urged the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) to closely monitor the prices of basic goods and commodities this month as Filipinos celebrate the Yuletide season.
Task force submits 2nd set of proposed constitutional amendments to House panel
The Inter-Agency Task Force on Constitutional Reforms (Task Force CORE) insisted its proposed constitutional amendments will strengthen political parties as public institutions, prohibit turn-coatism (balimbing), make the anti-political dynasty provision of the Constitution self-executing, advocate for finance reform through the creation of a democracy fund, and extend the terms of local government officials to five years with one reelection.
Retired cop killed in QC buy-bust
Anti-scalawag operatives of the Philippine National Police (PNP) killed early Monday morning a recently retired policeman in a buy-bust operation in Quezon City.
Dozens suffer losses in sham cryptocurrency scheme in Masaka
fraud
Tighter climate rules seen erasing US$2.3 trln in firms’ value
Tighter government climate regulations by 2025 could wipe up to US$2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned, Reuters reports. Any abrupt policy shifts risk severely disrupting current investment strategies, Principles of Responsible Investing (PRI), a group representing investors with…
China says hopes to reach trade deal with US as soon as possible
China said it hopes to make a trade deal with the United States as soon as possible, Reuters reports. “On the question of China-US trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others’ core interests, reach an…
Government debt is not a free lunch
With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150 percent of GDP even by the most conservative measure) without any great concern about long-term consequences. Advocates of much higher debt might be…
Sensex rises 42 points; bank, auto stocks shine
The 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10 per cent at 40,487.43.
Myaree customers safe from wheel clamp threat after company's contract pulled
Customers and patrons parking outside a group of shops in Myaree won't have their wheels clamped, according to a local property and business owner.
False fire cladding claims caught out by regulator's new teeth
Fire testing reports have been a frequent focus of the Queensland Building and Construction Commission since it was granted stronger investigative powers.
A2 Milk wanted a change agent but was rattled by Hrdlicka's speed
The sudden departure of a2 milk chief executive Jayne Hrdlicka has shocked investors but the discord between her and the board rendered the CEO continuing in the job impossible.
Beyond cricket and curry: India could be the next big thing
The India-Australia relationship has been a bit stuck - but it doesn't have to be that way.
Lost your kid at an event? This Sydney couple may have the answer
Youngsters gone wandering at an event or theme park? This Sydney startup is looking to go global with a solution.
Hankook Tire CEO indicted on charges of bribery, embezzlement
Cho Hyun-bum, chief executive of Hankook Tire & Technology, South Korea's largest tire maker by sales, was indicted for taking bribes and embezzling corporate funds, prosecutors said Monday.Cho is suspected of receiving kickbacks worth around 600 million won (US$503,778) from subcontractors and siphoning off some 200 million won from Hankook's affiliated companies, according to the prosecutors' office. In January...
PPP forum on exporting smart transport infra to be held
A forum on public-private partnerships for the export of smart technology-based public transport infrastructure is set to be held in Seoul on Thursday, the Seoul City government said Monday. Hosted by the Seoul Metropolitan Government, the forum will look at emerging trends in smart transport systems, Seoul’s smart transport policies and the municipality’s support for private companies looking to br...
[Pankaj Mishra] India’s problems bigger than Modi
A new narrative about India is suddenly emerging. Until very recently, India appeared to be a great democracy as well as a rising economic power, a potential partner of the West in its policy of containing China. Writing in Time magazine in 2015, no less a moral and political authority than Barack Obama hailed Prime Minister Narendra Modi as India’s “reformer-in-chief” who “reflects the dynami...
N. Korean airline increases flights to Russia ahead of deadline for repatriation of workers
North Korea's national carrier has increased flights on a route between Pyongyang and Vladivostok as the deadline for the repatriation of North Korean workers draws near, sources said Monday.Air Koryo increased the number of weekly flights connecting the two cities to five from the previous two this week, according to Vladivostok International Airport. The change is set to last until Dec. 20. The increase appare...
Storytelling platform Wattpad to open office in Halifax in the new year
Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
AWS Wavelength: The Cloud Comes to Your 5G Network
What is AWS Wavelength? One of the most-hyped announcements at Re:Invent 2019, AWS Wavelength is a bid to bring the cloud right to the telco edge. But...
Fashion firm ordered to pay sales exec. €94k as case hears CEO hacked her intimate photos
A chief executive of a fashion company here hacked into a female colleague’s phone and downloaded the woman's personal intimate photos.
Couple loses defamation claim against Dublin restaurant whose staff asked them to pay dinner bill
The judge said it was probably Glen McCarthy’s argumentative attitude in the Harbourmaster Bar and Restaurant that had led to the proceedings being taken.
Tank: Chamber blasts Saskatoon budget despite business-friendly taxes
The business lobby group calls city hall's two-year budget 'disappointing' even though the city boasts a favourable commercial tax ratio.
Cincinnati Zoo, Miami Valley Gaming expanding in Warren County
TURTLECREEK TWP. — The Cincinnati Zoo and Miami Valley Gaming racino are both moving forward with big expansions in Warren County.
Fishshack owner to sell restaurants in rescue deal
Financial woes forced chain to seek court protection from creditors in August
Irish skincare company Integumen raising £1.4m from share placing
Company to use funds to help boost revenues as it looks to double size of its laboratory
Farmers blockade Tesco in ongoing row about beef prices
IFA president says supermarket’s half-price beef sale is an ‘insult to farmers’
Mainstream taps Rothschild for equity partner search
Eddie O’Connor owns 55% of company
Trinity College the highest entrant on FT’s business school rankings
TCD back in the rankings for first time since 2007 as IMI and UCD Smurfit School also rise
Raw sewage and rodents account for record food-safety closures
More restaurants closed or sanctioned by watchdog than any time in last 20 years
Tesco shares jump on possible sale of Asian business
Share price soars as grocery chain announces review of its Asian operations
Big European firms ‘dodging China-US tariffs by shifting supply chains’
European companies are ‘settling in’ to the trade war, Chamber president says
Ryanair again ranked among Europe’s worst polluters
Airline included in top 10 of continent’s biggest carbon emitters
Former Fed chair Paul Volcker dies
Central banker responsible for ending US inflationary spiral
This world is just not designed for women
Andrew Hill: ‘Pink it, shrink it and make it a bit crap’
Workers to have legal right to tips paid by credit or debit cards, says Minister
Regina Doherty to expand scope of planned legislation governing payment of wages
Why Europe will side with the US over China for 5G
America’s allies are belatedly heeding its warnings about the Chinese technology threat
HSBC Holdings shuffles executive ranks ahead of restructuring
Interim CEO plans to close some parts of the sprawling bank’s business and sell others
Ireland ranks as EU’s largest importer of planes
Figures show 53% of bloc’s plane imports last year went to Ireland
Court seeks clarification before approving €2.9m debt write-off for Frank McNamara and Theresa Lowe
Further information sought by High court judge on musician’s financial affairs
NTMA to borrow less next year as repayments in focus
Agency sold €15.4bn of long-term bonds this year, at the lower end of its full-year target
CEO hacked employee’s phone and downloaded ‘intimate’ images
WRC awards ex-worker with fashion firm €94,000 for sexual harassment and unfair dismissal
Rondo Food to close Co Wicklow plant with loss of 135 jobs
Pet food maker plans to move facility to Germany early next year
Tougher financial accountability rules come into force in UK
Asset managers, independent financial advisers and hedge fund managers are lable for bans or nines
You too could have your nest egg looked after by Goldman Sachs
Bank to offer wealth management services to individuals with as little as $5,000
Just Eat takeover battle hots up with fresh $6.5bn Prosus bid
Offer is about 5% ahead of all-share bid from favoured suitor Takeaway
Former Fed Chairman Paul Volcker, known as inflation buster, dies at 92
Dec. 9 (UPI) -- Paul Volcker, a towering figure in the history of the U.S. Federal Reserve Bank who took tough measures to battle inflation in the late 1970s and early 1980s, has died. He was 92.
Drink-fuelled all-inclusive breaks to Magaluf could be banned in hard-hitting new measures
Politicians are discussing plans to outlaw bad behaviour on the island of Majorca - and they could come into force as soon as next month
Benefit claimants hit out at 'patronising' £10 Christmas bonus that hasn't gone up for 40 years
Those on benefits who qualify for the annual bonus launch savage attack on scheme and say they'd rather be left in peace than have the stress of a DWP envelope dropping through the letterbox
Global weapons sales up; US leads market
The global arms industry continues to grow with total sales up 4.6% last year, according to data from the Stockholm International Peace Research Institute (SIPRI) released Monday.
Virgin Galactic's stock could soar 726%, Morgan Stanley says
Virgin Galactic's stock is soaring after an analyst said its space planes could one day disrupt the air travel industry, potentially raking in nearly a trillion dollars a year in sales.
Lord & Taylor returning to New York with pop-up store
Lord & Taylor is reopening in New York less than a year after shuttering its flagship department store. But the new store will only be open for a limited time.
Walmart apologizes for Christmas sweater with apparent drug reference
Walmart is saying sorry for making available a Christmas sweater with an apparent drug reference.
Paul Volcker, former Fed chairman, dies at 92
Paul Volcker, the former chairman of the Federal Reserve known for his battles against inflation in the late 1970s and early 1980s, has died. He was 92.
China reportedly bans foreign technology in government offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
Bad news for Trump — 60% of Americans say the surging stock market doesn’t affect them
Most Americans don’t seem to care that much about the stock market’s performance.
I’m young, single, and healthy, but I just bought $300,000 of life insurance and it was a no-brainer
When you're young, single and healthy, life insurance is probably the furthest thing from your mind. After all, you're in the prime of your life and have other expenses to think about. You're saving for retirement, a home, or investing for your future. Putting funds towards an event that is statistically unlikely to happen in the immediate future sounds like a waste of money. At least that's what I thought. The importance of having life insurance didn't hit home until I lost two younger family members within the same year. Both passings were unexpected and a complete shock. These were two perfectly healthy young men in their early 20s. Friends and family pitched in to cover funeral expenses, which provided the families one less thing to worry about during difficult times. Nothing makes up for the loss of a loved one, but the removal of that financial stress allows grieving families some reprieve. Their deaths made me realize life insurance is a no-brainer These events got me thinking about how absurd my invincibility…
A researcher who interviewed 45 millionaires and billionaires found that they all shared a similar trait: a problem with authority
Many ultra-wealthy people are great leaders, but that doesn’t mean they’re good at being led.
The Fed’s liquidity problem hasn’t yet gone away — and an abrupt shock may be looming in 2020
Even with hundreds of billions of dollars in new liquidity created out of thin air, it’s too soon for the Fed to signal a clear coast for repo markets.
While you were still using Airbnb to spend a weekend in a stranger’s home, the company was quietly expanding into boutique hotels and entire Airbnb-branded buildings
Airbnb may be on its way to becoming a hotel company.
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless
The trucking “bloodbath” of 2019 is ending on a remarkably sour note.
10 things you need to know before the opening bell
Here is what you need to know.
A cancer-drug developer’s stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule spiked as much as 102% in early Monday trading after Merck said it would acquire the firm in a $2.7 billion takeover.
Paul Volcker, the towering former Fed chairman and economist, has died at age 92
Paul Volcker, the legendary economist who served as the 12th chairman of the US Federal Reserve, died Sunday at the age of 92.
17 habits of self-made millionaires who retired early
It takes a lot of diligence and dedication to retire early as a self-made millionaire.
Months after hype, Mahathir says Malaysia shouldn’t have called its big drone a ‘flying car’
Malaysia should not have called its latest drone project a flying car, Prime Minister Mahathir Mohamad admitted on Sunday (Dec 8).
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Dear Readers,
McDonald’s black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family
Many black McDonald’s franchisees say they consider the fast-food giant to be a sort of McFamily. They have “ketchup in their veins,” dreaming of passing locations of the fast-food chain down to the next generation.
Flying cars could lure investors away from ground-based services: survey
(Reuters) - Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday.
Brazil cattle feedlots grow amid environment pressure, efficiency drive
SAO PAULO (Reuters) - The use of feedlots to finish beef cows will likely grow in Brazil, home to the world’s largest commercial cattle herd, a survey by Dutch animal nutrition and health company DSM showed on Monday.
Take Five: Euphoria to despair and back again
(Reuters) - 1/ELECTION NIGHT FEVER
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
SEOUL (Reuters) - A South Korean court on Monday jailed three executives of Samsung Electronics (005930.KS) for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud.
French unions dig in against Macron on fifth day of strikes
PARIS (Reuters) - Drivers on two Paris metro lines voted on Monday to extend a walkout until the end of the week as France grappled with a fifth day of strikes, a sign transport workers will keep up a fight against President Emmanuel Macron’s plans to streamline pensions.
Stocks, gold gain as trade war spurs both hopes, concerns
NEW YORK (Reuters) - Global equity markets advanced on Monday as stocks on Wall Street held near record highs on hopes U.S.-Sino talks delay a U.S. tariff deadline this coming Sunday, while gold rose as investors hedged against a possible escalation in the trade war.
China says people held in Xinjiang camps have 'graduated', condemns U.S. bill
BEIJING (Reuters) - People held in camps in China’s Xinjiang region have now “graduated” and new trainees will have the freedom to come and go, the regional governor said on Monday.
Swelling U.S. IPO backlog points to crowded 2020 field
(Reuters) - More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.
France's EDF to accelerate growth in renewable projects
PARIS (Reuters) - State-controlled utility EDF is targeting around 30% of the French solar power market by 2035 and aims to develop around 1 gigawatt (GW) of solar capacity per year from next year, the head of the company’s renewables business said on Monday.
Brooklyn gets New York's biggest battery park from Italy's Enel
MILAN (Reuters) - Italy’s Enel has installed New York City’s biggest battery storage system, which it said on Monday will help power the Brooklyn area during periods of peak demand.
Jumia Technologies to suspend Jumia Foods delivery service in Rwanda
NAIROBI (Reuters) - Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9.
U.S.-Israel tech firm WalkMe raises $90 million
JERUSALEM (Reuters) - U.S.-Israeli tech firm WalkMe said on Monday it raised $90 million in a funding round led by investment group Vitruvian Partners.
Tighter climate policies could erase $2.3 trillion in companies value: report
LONDON (Reuters) - Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.
Hydropower industry awarded $20 million in EU funds
BRUSSELS (Reuters) - A consortium of 19 hydropower companies and organizations said it will receive European Union funding of 18 million euros ($20 million) to research the green energy form’s role, as the 28-member bloc seeks to become carbon neutral by 2050.
Xerox expects revenue growth of up to $1.5 billion with HP takeover
(Reuters) - Xerox Holdings Corp (XRX.N) expects its proposed acquisition of personal computer company HP Inc (HPQ.N) to result in sales growth of as much as $1.5 billion for the combined company, according to a presentation by the printer maker.
Oil slips as weak China exports highlight trade war impact
NEW YORK (Reuters) - Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
Hong Kong braces for wave of store closures after protests: HKRMA
HONG KONG (Reuters) - More than one in 10 retailers in Hong Kong could close down in the next six months as social unrest and sometimes violent protests deter tourists, threatening the survival of smaller operators, the city’s main retailing group said on Monday.
Cambodia to start opposition leader trial in January
PHNOM PENH (Reuters) - The trial of Cambodian opposition leader Kem Sokha on treason charges will begin on Jan. 15, a court said on Monday.
Staff on two Paris metro lines extend strike to Friday
PARIS (Reuters) - Drivers and maintenance staff on two Paris metro lines voted on Monday to extend their strike against the government’s planned pension reforms until Friday, a Reuters witness said.
Factbox: Volcker quotes on U.S. banks, inflation, government
WASHINGTON (Reuters) - Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92.
French unions dig in against Macron on fifth day of strikes
PARIS (Reuters) - Drivers on two Paris metro lines voted on Monday to extend a walkout until the end of the week as France grappled with a fifth day of strikes, a sign transport workers will keep up a fight against President Emmanuel Macron’s plans to streamline pensions.
Swedbank revamps management after money laundering probe
STOCKHOLM (Reuters) - Swedbank (SWEDa.ST) said on Monday its chief risk officer was leaving as the Swedish bank’s new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.
UK PM Johnson on Heathrow: might be difficult to lie before bulldozers
LONDON (Reuters) - British Prime Minister Boris Johnson said on Monday he would try to find a way to honor his promise to oppose Heathrow airport expansion by lying down in front of bulldozers but that it might be difficult for him.
France to ban dozens of glyphosate weedkillers amid health risk debate
PARIS (Reuters) - France’s health and environment agency said on Monday it was banning dozens of glyphosate-based weedkillers, most of the volume of such products sold in France, ruling there was insufficient data to exclude health risks.
Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement
RIYADH (Reuters) - Saudi Aramco will exercise its 15% greenshoe option in whole or part during the first 30 days of its trading period, its lead managers said.
Exclusive: Hyundai's $1.8 billion shipbuilding deal with Daewoo faces full EU probe - sources
BRUSSELS (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s (267250.KS) $1.8 billion merger with rival shipbuilder Daewoo (042660.KS) will face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.
Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims
(Reuters) - PG&E Corp said www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California's modern history.
House Democrats still studying proposed changes to North American trade pact: aide
WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives are still studying proposed changes to the U.S.-Mexico-Canada Agreement trade pact, and there was no agreement to announce it yet, a senior Democratic aide said.
Canadian Pacific crude train derails, causes fire in Saskatoon: media
(Reuters) - A Canadian Pacific Railway train hauling crude oil derailed west of Guernsey, Saskatoon, causing a fire at around midnight local time, the Global News reported on Monday.
Factbox: Some of the world's youngest national leaders
(Reuters) - Finland’s Sanna Marin is about to become the world’s youngest serving prime minister at the age of 34.
General Motors pulls out of Russian car assembly business with Avtovaz deal
MOSCOW (Reuters) - Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (GM.N) from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.
Fire and petrol bombs after 'generally peaceful' Hong Kong march, police say
HONG KONG (Reuters) - Hong Kong protesters lit a fire outside court buildings, threw petrol bombs and spray-painted graffiti on government buildings, following a “generally peaceful” march at the weekend, police said on Monday.
Qatar state minister for foreign affairs arrives in Riyadh: QNA
DUBAI (Reuters) - Qatar’s minister of state for foreign affairs arrived in Saudi Arabia on Monday, state news agency QNA said, for a preparatory meeting ahead of an annual summit of Gulf Cooperation Council leaders that could see a thaw in a 2-1/2-year Gulf crisis.
Brazil will drill massive oil find despite climate concerns: minister
MADRID (Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday.
EU regulators to review rules defining companies' market power
BRUSSELS (Reuters) - EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into account globalization and digitalization, Europe’s antitrust chief Margrethe Vestager said on Monday.
Italy's Conte calls for a change in EU competition rules
ROME (Reuters) - Italian Prime Minister Giuseppe Conte called on Monday for a change to European Union competition rules, saying current regulations were hindering the growth of European giants.
Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
AMSTERDAM (Reuters) - Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in their bitter takeover battle.
EU approves 3.2 billion euro state aid for battery research
BRUSSELS (Reuters) - The European Commission approved on Monday 3.2 billion euros ($3.53 billion) of state aid from seven European Union countries for research and innovation in battery technology.
Housing market heating up
The housing market is heating up ahead of the holidays, with positive signs of growth, according to ASB's latest quarterly housing confidence survey. The results suggested house price inflation was picking up and the upturn was expected to last until the middle of next year. House price expectations rose for the second quarter in a row, with confidence back to average levels at 27 percent, although regional differences remained. Meanwhile, a net 13 percent of respondents said it was a good time to buy a house - the highest level in seven years. However, ASB chief economist Nick Tuffley said there was still a way to go before the market could be thought of as "hot".
A2 Milk chief executive resigns
More than a billion dollars has wiped off the value of New Zealand's biggest company this morning following the surprise resignation of A2 Milk's chief executive. In a market announcement, Jayne Hrdlicka said she had not anticipated the amount of travel involved when she took up the role 18 months ago. Jayne Hrdlicka would be replaced by the former chief executive Geoff Babidge, while the company began a global search for her replacement. The company, which is dual listed in New Zealand and Australia, opened sharply lower at the open this morning, wiping more than a billion dollars off its market value. The shares were trading about $14.30 in the first 15 minutes of trading, from $15.17 on Friday, with a market value of $10.52 billion, compared with $11.63b on Friday.
Vodafone Rolling out Half-Sized SIMS as Part of New Plastic Reducing Policy
Vodafone has announced a new initiative to cut down on the amount of plastic it uses, and the half-sized SIM holder is part of that.
Jumia to Cease Operations in Rwanda, Shuts Down Jumia Travel in Nigeria
Jumia is continuing with its optimization moves where they'll cease operations in Rwanda and shut down Jumia Travel in Nigeria
Airtel Announces Out of Bundle Rates, Revamps Amazing Data Bundles
Airtel has announced No Expiry Bundles and revamped Amazing Bundles which is good news for their customers
Walmart apologizes for Christmas sweater with apparent drug reference
Walmart issued an apology for a Christmas sweater sold on its website that features an image of Santa Claus behind a table with white lines on it that appear to depict cocaine.
Chipotle has nurses who check if workers are actually sick or just hungover
At a conference last week, the CEO of Chipotle said the restaurant chain now has nurses on call who check whether some workers who call in sick are actually ill or just hungover.
Mexico rejects US trade deal proposals on steel, aluminum
Mexico's foreign minister said Sunday the country would not accept a US proposal for steel and aluminum production under the new trade deal, saying it would leave Mexico at a disadvantage.
All eyes on Lagarde’s ECB debut this week
Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to scrutinize every word for hints of the bank's future direction at a time of stuttering eurozone growth.
PH records 6.8M int’l visitors from Jan-Oct
International tourist arrivals reached over 6.8 million visitors as of October this year reflecting a 15 percent growth over same period last year, according to the Department of Tourism.
Pump prices on rollback this week
Budget of Filipino consumers for fuel this week will be partly eased, as pump prices will be on a new round of rollback at the scale of P0.40 per liter for gasoline and kerosene; and P0.10 per liter for diesel.
Asian shares rise after buying mood on Wall Street ends week
TOKYO — Asian shares were mostly higher Monday cheered by a buying mood on Wall Street that came at the end of last week.
European bank finances Turkish bus-ticketing app
The European Bank for Reconstruction and Development (EBRD) has provided $4 million in equity financing to Turkish online bus-ticketing service...
Two Turkish firms in world's top arms makers see their turnover surge in 2018
Arms sales of two Turkish firms listed in the sector’s largest 100 companies increased in 2018 as they managed to maintain their rankings in the list, a...
Central bank changes required reserve regulations
The Central Bank of the Republic of Turkey (CBRT) on Monday lowered the reference values it uses to determine required reserve ratios for banks, while...
French strike chaos deepens in crucial week for Macron
France's transport chaos deepened amid an ongoing nationwide strike and mass protests over pension reforms, ramping up tensions at the start of a crucial...
OPEC reaches deal to cut oil production
The powerful Organization of the Petroleum Exporting Countries (OPEC) and its allies reached a deal Friday to cut production by 500,000 barrels per day in...
Trans Adriatic Pipeline nearly completed, will be operational in October 2020, says official
Over 90% of the Trans Adriatic Pipeline (TAP), the European leg of the Southern Gas Corridor (SGC), is completed and will start delivering Azerbaijani gas...
Turkey to establish logistics centers in African countries
Turkey is establishing logistics bases in African countries after seeing an exponential rise in trade in the last 16 years thanks to the country's Africa initiative
Broad participation of Turkish auto parts suppliers in major Shanghai fair
Turkey, along with Taiwan and Germany, saw the highest turnout at the 15th Automechanika Shanghai, which brought together the world's leading auto parts...
Electronics Deals – December 9, 2019: Anker, Dash, Crest & More
Today only, Amazon is selling Anker charging accessories for up to 40% off of their regular price. As part of its Gold Box Deal of the Day. Making it a
Taiwan urged to ease rules to attract AI talent
To tackle ongoing brain drain, Taiwan businesses are keen on adopting AI solutions to accelerate operation upgrades and transformations, but what counts more is how they can attract more high-level foreign AI and other tech professionals to work in Taiwan to sustain innovation momentum, according to some experts.
Highlights of the day: Memory maker slows fab construction
Although the memory market looks to be heading towards a recovery in 2020, suppliers are cautious about expanding supply. Winbond is building a new plant in Kaohsiung, southern Taiwan, with completion originally slated for year-end 2020 and commerical production for 2021. But now the company has now to January 2022. Meanwhile, ASE reportedly is the one providing semiconductor for packaging Qualcomm's freshly launched Arm-based processors for notebooks.
For IT pros, adding blockchain skills can pad your paycheck – by a lot
Beefing up on skills around blockchain development, management or engineering can earn techies some big bucks above their current salary.
China's Pig Herd Rises for First Time in a Year in November
China's pig herd increased by 2% in November compared with the prior month, the agriculture ministry said on Monday, the first increase in a year.
GRAINS-Soybeans at 2-week high as China tariff waivers add to trade hopes
* Soybeans up for 5th session on hopes of U.S.-China deal * China to exempt some U.S. soybeans, pork from tariffs * Wheat eases, corn little changed ahead of USDA data (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Dec 9 (Reuters) - Chicago soybean futures rose for a fifth straight session on Monday to their highest in almost two weeks, after China's announcement last week about tariff waivers for U.S. soybean and pork encouraged hopes of a trade agreement.
Brazil cattle passing through feedlots grows 2% - DSM
SAO PAULO, Dec 9 (Reuters) - The number cows slaughtered in Brazil after spending 90 days in feedlots is estimated to have grown by 2% to about 5.3 million head in 2019, a survey of Brazil's cattle market by Dutch nutrition company DSM showed on Monday.The number will continue to grow as Brazilian ranchers seek more efficient ways to raise and finish livestock, DSM executives said at a media presentation, adding that an estimate for 2020 will be released in February.(Reporting by Ana Mano)
European shares flat as China data stokes slowdown worries
(For a live blog on European stocks, type LIVE/ in an Eikon news window)Dec 9 (Reuters) - European stocks were flat on Monday as new data from China signalled a slowdown in the world's second-largest economy, stoking fresh concerns about slowing global growth.The pan-European STOXX 600 index was trading flat at 0803 GMT, after closing more than 1% higher on Friday following a robust U.S. jobs report.
UPDATE 1-Brazil cattle passing through feedlots grows 2% - DSM
(Adds other remarks by DSM execs, detail on 3-NOP launch)SAO PAULO, Dec 9 (Reuters) - The number of cows slaughtered in Brazil after spending 90 days in feedlots is estimated to have grown by 2% to about 5.3 million head in 2019, a survey of Brazil's cattle market by Dutch animal nutrition company DSM showed on Monday.The figure will continue to grow as Brazilian ranchers seek more efficient ways to raise and finish livestock, DSM executives said at a media presentation, adding that an estimate for 2020 will be released in February.
UPDATE 2-France to ban dozens of glyphosate weedkillers amid health risk debate
* Regulator says lacks evidence to exclude potential health risks* Bayer says will offer further data to French regulator* Debate continues in Europe, U.S. over cancer links* Austria pulls back from outright glyphosate ban from January (Adds details of banned products, background)By Gus Trompiz and Sybille de La Hamaide
Strategie Grains sees 2020 EU rapeseed crop at 18.5 mln T
PARIS, Dec 9 (Reuters) - Consultancy Strategie Grains forecast that rapeseed production in the European Union would reach 18.46 million tonnes next year, rebounding from a 13-year low of 16.85 million this year.The 2020 crop forecast would still be one of the smallest in recent years after a drought-disrupted sowing campaign in western Europe. It was in line with Strategie Grains' initial outlook last month which said next year's output might not reach the 19-million-tonne level.
UPDATE 1-EU sets tariffs on Indonesia biodiesel imports over subsidies
(Adds details of case)By Philip BlenkinsopBRUSSELS, Dec 9 (Reuters) - The European Union confirmed on Monday that it will impose tariffs on imports of biodiesel from Indonesia to counter what it sees as unfair subsidies, concluding a case that has lasted seven years.The duties, normally in place for five years, have been set at between 8 and 18%, the same level as the provisional rates proposed in August.
3 Big Things Today, December 9, 2019
Soybeans were higher in overnight trading on U.S.-China trade optimism.
Starting Strong: Young Farmers Survive on Solid Roots and Innovation
5 young farmers tell their stories of how they are building a solid foundation and a bright future on the farm.
REUTERS NEWS SCHEDULE AT 11 a.m. GMT/6 a.m. ET
Here are the top stories and upcoming coverage plans for Reuters text service as of 11 a.m. GMT/6 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect https://www.reutersconnect.com/planning.TOP STORIESGLOBALNEWZEALAND-VOLCANO/'Sudden' volcano eruption in New Zealand kills five, several missing
20 Strategies That Farmers Can Use in 2020
These 20 strategies range from eliminating a tillage pass to making the most of technology.
Bitcoin, Ether, and XRP Weekly Market Update December 9, 2019
The total crypto market cap added $6.5 billion of value during the last seven days and now stands at $204.2 billion. The top 10 currencies are mostly in red for the same time frame with Bitcoin SV (BSV) and Litecoin (LTC) being the best performers with 7.6 and 4.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $7,505 while ether (ETH) stands around $150. Ripple’s XRP is trading at $0.228.
Analysts Claim Indirect Investment in Cryptocurrency and Blockchain helps Manage Massive Risks
There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to gain exposure to this space by investing in publicly listed companies that are working with blockchain and multiple cryptocurrencies, reported by LifeHacker, December 8, 2019.
Challenges Faced by Running Mining Operations and How to Mitigate Against it
Whenever bitcoin mining is mentioned, it is normal for the mind to drift towards pickaxes, and getting oneself messed up with dirt while striking it big. Such thoughts aren’t far fetched from the actual meaning of bitcoin mining.
DAI Flippens SAI 3 Weeks After Multi Collateral DAI Launch
The total amount of SAI (single collateral DAI) that was converted to DAI has exceeded 50 percent of outstanding supply. At this rate, we could see nearly all SAI migrating to DAI by the end of 2019. Maker has been exceptionally healthy, faring well even as ETH and BAT prices continue to fall, December 9, 2019.
South Korea: Government Mulling Taxing Cryptocurrency Capital Gains
The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019.
Former Fed Chief Paul Volcker dies at 92
Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter Janice Zima. Volcker, who Zima said had…
In the New Year, Try These 8 Things to Stay Constantly Improving at Work
The new year brings with it new resolutions, goals, and attitudes; bring that energy into the work place and stay constantly improving throughout the year with these 8 tips.
Struggling to Find the Perfect Job Candidate? How to Overcome the Vicious Circle of 'Experience Inflation'
A survey of 90,000 jobs found that 61 percent of entry-level jobs required 3 years experience. It's no wonder that 700,000 IT jobs are unfilled.
How to Keep Your Solo Business Successful Without You
Solo entrepreneurs are notorious for not having a succession plan. If you want impact, you need to design for success without you. Here's how to start
Apple Has Added an Interest-Free Way to Buy an iPhone and Pay For It Over Time
A simpler (and cheaper) way to buy?
Are We Heading Towards a Cashless Economy?
Asia, Canada, and parts of Europe are already on their way.
4 Unconventional Tips From a Wall Street Veteran That Will Help Women Get Ahead
Sallie Krawcheck may not have meant these to be the highlights of her book, but they stick nontheless.
Becoming a Great Business Leader: 7 Communication Secrets
Good leaders are excellent listeners and know how to convey their message clearly and confidently.
WeWork's Fall Was a Disaster. A Full-Page Ad Isn't Going to Change That
The company's adman marketing chief wants you to know the company means business.
3 Essential Tips for Running a Successful Ghostwriting or Copywriting Business
Having good writers isn't enough to build a successful copywriting agency. Here's how to do it.
Here's What to Get Everyone in Your Work Life for the Holidays
Giving gifts that are meaningful to the individual receiving them is one of the most effective ways to enhance the workplace during the holidays.
Huawei announces that more devices will get HarmonyOS in 2020
Huawei has announced that it plans to bring HarmonyOS to more devices in 2020. Perhaps unsurprisingly, the firm said that it has no plans to ship it with smartphones and tablets at this time.
Uhuru Lands Top International Role
Knowing fully well the task ahead, President Kenyatta lay his agenda before the leaders present with a view to...
Revolutionary Kenya-based Entrepreneur Who Beat World Bank to Global Prize
What made the win even bigger for him was that he had beaten huge players to the top prize, including...
Airtel Launches No-expiry Data and Voice Bundles
The new offerings are targeted towards customers who are looking to meet their communication needs with ease and not worry about...
Controversial Company at the Centre of Sonko's Woes
As the flamboyant county head unleashed his battery of 12 lawyers, the controversial company behind his woes has been revealed as...
Here is why Jumia has closed shop in Rwanda – Techjaja
Starting from today, Jumia Rwanda will no longer be able to accept cash on delivery and can only process pre-paid orders.
Mugga Lane landfill rubbish seen strewn over nearby farms
Rubbish from the landfill has been seen hundreds of metres away from the site among paddocks and animals.
Antony Catalano, Bruce Gordon reject Seven West Media's takeover bid for Prime Media
Australian Community Media executive chairman and Prime Media shareholder Antony Catalano has confirmed he will vote against Seven West Media's proposal to sw...
Maruti Suzuki among top gainers on Sensex as output rises for the first time in 10 months
The car company produced a total of 1,41,834 units last month – 4.3% higher than the same month in 2018.
The physics-based firm that helped spawn the IVF revolution
How Research Instruments went from micro-manipulators to IVF and is now backing a brand-new physics-innovation prize, as James McKenzie explains
Opel CEO says brand has ‘reinvented’ itself and returned to profit...
Opel’s CEO says the German firm has “reinvented” itself under the PSA Group and is on track to achieve its target profit margin years ahead of schedule.
Supreme Court Weekly Round-Up
Consumer Forums/Commissions Cannot Consider Complaint/Appeal On Merits After Finding That It Is Time Barred [M/S. Singal Udyog V. National Insurance Company Ltd. & Ors.] The Supreme Court...
Chanda Kochhar Failed To Disclose Conflict Of Interest With Videocon, ICICI Tells Bombay HC; Court Asks RBI To File Reply
The Bombay High Court on Monday asked the Reserve Bank of India to file an affidavit-in-reply in former ICICI bank CEO and MD Chanda Kochhar's plea challenging ICICI's decision to terminate...
Mbalula: Placing Prasa Under Administration Will Get It Back On Track
JOHANNESBURG – Transport Minister Fikile Mbalula said his decision to place Passenger Rail Agency of South Africa (Prasa) under administration with immediate effect will allow for rapid action to get the parastatal back on track. Mbalula made the surprise announcement at a briefing in Braamfontein on Monday shortly after informing staff about the decision, which […]
Unemployment high on list of Arab youth’s major concerns
DUBAI: The Arab world will face three major shifts in the next decade, adding fresh urgency to the task of tackling corruption and extremism across the region, the UAE’s minister of Cabinet affairs and the future said on Monday at the 12th Arab Strategy Forum (ASF) in Dubai. The three shifts will include a new economic reality, a revolution in information production, and an
Saudi International Motor Show 2019 begins today
Saudi Arabia’s newly merged bank is reaffirming its commitment to inclusivity to mark UN’s International Day of Persons with Disabilities, observed globally on Dec. 3. For more than 10 years, Alawwal Bank and SABB have helped thousands of disabled people in the Kingdom, now as one bank, it aims to take new steps to further this legacy of support.
France ready to take Trump’s tariff threat to WTO
RIYADH: Saudi Arabia’s Ministry of Finance has kicked off a tour for foreign investors in Riyadh today ahead of the 2020 Budget Forum on Dec. 10. Twenty two international investment companies from Taiwan, the US, the UK, Malaysia, Indonesia, Japan, Hong Kong, Germany and France have been invited to visit some of the Kingdom’s top non-oil based companies. The group includes a
Vandals damage cars in Arab neighborhood of east Jerusalem
DUBAI: The quality of youth is said to determine the kind of future a nation will have. Experience shows that high levels of youth participation in a country’s workforce and political discourse can have a positive impact on societal development. Sadly, only a few Arab countries offer their youth these opportunities.
ACWA Power establishes new business unit in KSA
Nejree, an online sneaker retailer in the GCC, has raised $4 million in pre-Series A funding led by Alkhaila Investment Company, and Teejan Technologies Company. The new capital is expected to further fuel the Saudi-based startup’s expansion into new markets and investment in technologies to enhance online customer experience. The fund will also help to increase inventory,
LHC to hear Maryam Nawaz's petition for removal of name from ECL today
December 09: Pakistan and Qatar formalize a preferential trade agreement (PTA) and Free trade agreement (FTA) to improve bilateral trade and ties between two nations. Read More
Dubai Airports prepares to cut single-use plastics
UAE – Mubasher: As the clock is ticking towards the self-imposed deadline to ban single-use plastics, Dubai International Airport (DXB) is actively laying the groundwork to eliminate plastic cutlery and drinking straws. In June 2019, Dubai …
Almarai names Majed Nofal as CEO
Riyadh – Mubasher: The Board of Directors of Almarai Company announced the appointment of Majed Mazen Nofal as the company’s new CEO. The decision will be effective starting from the beginning of January 2020, according to a company statement to …
Leading Saudi banks to maintain strong profitability – Moody’s
Riyadh – Mubasher: The three largest banks in Saudi Arabia, namely: National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), are expected to maintain strong profitability and efficient cost structures, according to a report by …
Ataa Educational profits down 5%
Riyadh – Mubasher: Ataa Educational Company reported a 5% year-on-year (YoY) decline in profits during the three-month period ending 31 October 2019. Net profits after Zakat and tax amounted to SAR 16.25 million between August and October 2019, …
Corporate appetite in MENA grows in 5 years – Arabnet Report
Mubasher: The entrepreneurial ecosystem across the Middle East and North Africa (MENA) has been grabbing global and regional attention, with higher investor appetite and interest in the region’s startups, according to Arabnet report. The “State of …
Swedbank rejigs management structure; Baltic banking head leaves
Mubasher: Swedbank announced on Monday that its chief risk officer will leave, in the framework of the Swedish lender’s plan to revamp its structure.
Sanofi to acquire US biotech firm Sythorx $2.5bn
Mubasher: Sanofi on Monday said it will take over US biotechnology company Synthorx in a cash deal that valued the latter at $2.5 billion.
TASI ends Monday at three-month high
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) maintained its rising trend for the third consecutive session and ended Monday’s trading in gains, reaching its highest level since last August. The Tadawul All Share Index (TASI) added 0.26% …
China’s solar PV market grows despite US tariffs - GlobalData
The global solar PV market is expected to see a 13% growth in installations
Samih Sawiris speaks out on personal & business habits during RiseUp
By: Ingy ElSafy Cairo – Mubasher: A lot of people lack the presence of a role model or mentor in their lives to take after and aspire when it comes to both personal and business matters. The Egyptian billionaire Samih Sawiris has opened up before …
OZY Media sees "exponential growth" from MENA in entertainment, media
Mubasher: The global media pioneering company, OZY Media, said it will increase its focus on the entertainment and media industry across the MENA region.
Lebanese entrepreneurs think digitally if given space to grow – Arabnet Report
Mubasher: Lebanon’s entrepreneurial ecosystem flourished making the country among the major assets for digital innovation across the MENA region, following the implementation of Circular 331 of the Central Bank of Lebanon back in August 2014. …
Almarai to distribute SAR 0.85/shr
Riyadh – Mubasher: Almarai Company’s Board of Directors has recommended distributing cash dividends to shareholders for 2019 at SAR 0.85 per share, equivalent to 8.5% of the share’s par value. The dividends will have a total amount of SAR 850 …
Advanced Petrochemical proposes SAR 0.65/shr dividends
Riyadh – Mubasher: The board of Advanced Petrochemical Company has recommended the distribution of cash dividends to shareholders for the fourth quarter (Q4) of 2019 at SAR 0.65 per share, equivalent to 6.5% of the share’s par value. During a …
EBRD invests $4m in Turkish bus-ticketing service firm oBilet
Mubasher: The European Bank for Reconstruction and Development announced an equity investment of $4 million in Turkish online bus-ticketing service provider oBilet.
SIPCHEM plans 10% share purchase as treasury shares
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (SIPCHEM) has recommended purchasing up to 10% of the company’s ordinary shares. The purchased shares will be held by SIPCHEM as treasury shares through cash balances or …
Ericsson pays over USD 1 bln to resolve bribery charges in the US
Ericsson has agreed to pay USD 520.6 million and USD 458.4 million (plus pre-judgement interest of USD 81.5 million) to settle bribery charges brought by the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), for a total of over USD 1 billion. CEO Borje Ekholm said the Ericsson can move forward and build a stronger company.
How to free yourself from your parents money habits, and claim financial independence
If your family avoided financial topics, you may find yourself uncomfortable managing money.
Wichita Falls Police Offer Tips to Avoid Falling Victim to Thieves
With the increase in shopping during the holiday season, the WFPD has posted a reminder to help citizens protect themselves from thieves.
Saxo Bank Reports Worst Monthly FX Volumes in 4 Years
Saxo Bank posted a month-on-month drop across the board for foreign exchange, commodities, fixed income and equities trading volumes in November.
South Korea to Impose Capital Gains Tax on Crypto
The South Korean Ministry of Economy and Finance has decided to impose capital gains tax on digital currencies.
Eurex Strengthens European Bond Market with New Product
Eurex will improve its offering by launching EUR-denominated fixed income ETF options starting today
Forex Club Shutters FX Operations in Russia
Forex Club has stopped accepting services for Russian users in what has become a trend in 2019.
IDEG Launches 2 Bitcoin Trusts in Asia
Digital asset management firm IDEG Investment on Sunday announced the launch of two crypto trusts - Asia Bitcoin Trust I and Atlas Mining Trust I.
HSBC COO to Step Down, Amid Senior Management Changes
There’s been a number of changes to the senior management team at HSBC, which have been made as part of the next phase of the bank’s strategy.
OKEx to Launch Crypto Options Trading Later This Month
Crypto exchange OKEx on Monday announced its plan to launch a crypto options trading platform.
Ho, Ho, Ho, or No, No, No: Will BTC See a Santa Rally This Year?
Since its creation, the price of BTC has often seen sustained increases through the last week of the year. Could this year be different?
Trump, Dems in tentative deal on North American trade pact
The new trade pact would replace the 25-year-old North American Free Trade Agreement, which eliminated most tariffs and other trade barriers involving the United States, Mexico and Canada.
Occupational safety, health awareness and practice are paramount
It is the sole responsibility of employers to ensure the safety and health of their employees by preventing their exposure to occupational risks
Barrio Queen owners sell Paradise Valley luxury home
The owners of the Barrio Queen chain of restaurants found a buyer for their luxury home in Paradise Valley.
American Airlines sets record for number of days without a cancellation
Three of those days without a canceled flight came during the Thanksgiving weekend.
2019 Best Places to Work: Meet all of this year's finalists
The Phoenix Business Journal is gearing up for its biggest event of the year — think of the Fourth of July, Thanksgiving and New Year's Eve all rolled into one party.
California fines CVS $3.6 million for failing to recycle
SACRAMENTO, Calif. (AP) — California is fining the nation's largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of...
Court rejects Minnesota’s renewal of US Steel mine permit
MINNEAPOLIS (AP) — The Minnesota Court of Appeals on Monday reversed a decision by state regulators to renew a wastewater discharge permit for U.S. Steel's giant Minntac iron ore mine...
Massachusetts lab to pay $26M for scheme with Texas doctors
SACRAMENTO, Calif. (AP) — Boston Heart Diagnostics Corporation agreed to pay nearly $27 million to settle claims that it allegedly paid doctors in Texas and waived patient co-payments in exchange...
Mettler Toledo releases the 2nd edition of Its Best Practice Guide
In the second edition of its guide for chemical and petrochemical manufacturing, Mettler Toledo (Urdorf, Switzerland; www.mt.com) reveals how the latest tr
Ineos Styrolution and Agilyx make progress toward establishing a polystyrene-recycling plant in Illinois
INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) and Agilyx (Tigard, Ore.; www.agilyx.com) announced that they are advancing the developme
Indian Full Service Carrier Vistara Signs Codeshare Pact With German Aviation Major Lufthansa
New Delhi (Sputnik): The aviation sector in India contributes $72 billion to its Gross Domestic Product. The country has 464 airports, of which 125 are owned by the government. According to Indian Commerce Ministry statistics, Foreign Direct Investment in India’s aviation sector reached $1.8 billion between April 2000 and December 2018.
Small, Fast, Versatile: Israeli Defence Firm Presents New Surveillance Drone for Military
The same company earlier presented a prototype tank for the Israeli Defence Ministry's Carmel armoured fighting vehicle project that featured the use of high-tech Iron Vision helmets, designed to give the tank's crew a 360˚ view of the battlefield, as well as launchable drones to provide eagle-eye view of surrounding areas.
Professor: Why Should the World Bank Take Orders from the United States?
US President Donald Trump criticized the World Bank’s decision to lend more money to China and said it needs to stop giving it loans after the international financial institution approved a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
Rare whisky collection expected to sell for £8,000,000 at auction
It includes the most expensive single bottle in the world, a 1926 Fine and Rare Macallan, which sold for £1.5 million.
‘Gamified learning’: Game-based pilot for young farmers launched
A gaming pilot programme to raise co-operative awareness among young farmers through "gamified learning" resources .
Irish pig prices remain stagnant at below €2/kg mark
It has been outlined that there has been no rise given in quotes from Irish pig factories for a fourth week in succession.