Economy 1037
Dozens suffer losses in sham cryptocurrency scheme in Masaka
fraud
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
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.
Wole Soyinka Centre postpones award to Osinbajo in protest against Sowore’s rearrest
The Wole Soyinka Centre for Investigative Journalism (WSCIJ) says it haVice President Yemi Osinbajo to protest the treatment of Omoyele Sowore,
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
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.
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
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.
Turkish envoy underlines tremendous progress in bilateral ties with Qatar
Doha: The Ambassador of the Republic of Turkey to the State of Qatar, H E Fikret Ozer, underlined that the bilateral relations between Turkey and Qatar achieved tremendous progress in recent years in all areas of cooperation, on the basis of the strategic partnership.
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
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...
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
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.
Chandrababu Naidu, TDP legislators protest outside Assembly against high onion prices
As the price of onions has sky-rocketed, Telugu Desam Party (TDP) MLAs and MLCs led by their party president and former Chief Minister N. Chandrababu Naidu staged a protest near the Fire Station outsi
Banks must stick to their core functions
Diversification into long-term financing, insurance, mutual funds and share broking have affected their performance
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.
Saudi eliminates gender-segregated entrances for eateries
Restaurants and cafes in Saudi Arabia are no longer required to have gender-segregated entrances, officials said, in a further easing of social restrictions in the ultra-conservative Islamic kingdom.
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.
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.
Recycling returns to Golden Plains Shire
Recycling collected in Golden Plains Shire will no longer automatically go to landfill from next week.
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…
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.
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…
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
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.
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.
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.
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.
Market Pulse on December 6th
S&P 500 3145,91 +28,48.
The best and worst regional housing markets
CoreLogic names the best and worst performing regions in the country.
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 [...]
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.
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
Wild Koala Population ‘Will Never Recover’ From Australian Bushfires
An expert fears Australia's wild koala population will never recover after the crippling bushfires tore through their habitat
LHC to hear Maryam Nawaz's petition for removal of name from ECL today
December 09: Prime Minister Imran Khan, while reiterating commitment to the Charter of South Asian Association for Regional Cooperation on Sunday, said that Pakistan was a firm believer in the strength and potential of regional cooperation for individual, national and regional development. Read More
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
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.
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
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.
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.
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.
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.
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…
Jaguar Land Rover sales fall 3.4% in Nov
The sales of Jaguar brand were at 11,464 units during the month, down 23.1 per cent per cent from November 2018, Tata Motors said in a BSE filing. Land Rover sales stood at 35,078 units, up 5.5 per cent per cent from the same month last year, it added. Tata Motors-owned Jaguar Land Rover (JLR) on Monday reported 3.4 per cent decline in total retail sales.
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.
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
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,
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.
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)
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 ...
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
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
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.
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.
Farmers blockade Tesco in ongoing row about beef prices
IFA president says supermarket’s half-price beef sale is an ‘insult to farmers’
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.
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.
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'.
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
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.
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.
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
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.
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...
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
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.
LHC to hear Maryam Nawaz's petition for removal of name from ECL today
December 09: Russian company Gazprom is set to initiate the feasibility study in the first quarter of 2020 for laying down undersea pipeline starting from Persian Gulf to Pakistan, India and Bangladesh initially that will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division privy to the development told The News.
Japan PM Abe says visit by Iran’s Rouhani being arranged
Abe, who has developed friendly ties with Trump, traveled to Iran in June in an unsuccessful effort to encourage Iran and the U.S. to hold talks to reduce tensions.
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 […]
ADB, Pakistan sign $1.3 billion loan agreement
Federal Minister for Economic Affairs Hammad Azhar was present on the occasion.
Avanti West Coast Begins Painting Over Virgin Trains
There's a new rail franchise dealing with our complaints about the Wi-Fi not working and the toilets oozing piss and bleach out into the corridors today, with Avanti West Coast taking over the business of running what was once the Virgin Trains line between London and Scotland.
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.
Kannababu blames Naidu for denial of SCS
‘Telangana agrees to implement majority of panel recommendations on assets distribution’
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,...
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.
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.
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.
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...
Exercise your way to a lower insurance premium
It’s just what your doctor prescribed — stay fit, reduce premium on your health policy
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.
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.
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.
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.
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.
Scale model of Springbank dam tests flood diversion impacts, raises critics' ire
While final approval of the Springbank dry dam has been held up by regulatory hurdles, a model has been quietly built, far from prying eyes.It’s a 1/16-scale version of the project — co…
Centre Proposes Rs 33 Crore Grant For Project NETRA To Secure Its Satellites And Other Assets In Space
India must have the same capability as the US and Russia to assess threats from space debris and other hazards
Two-car crash sees one vehicle collide with tree
Two cars were involved in a crash in a Suffolk village this morning which resulted in one vehicle colliding with a tree.
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 […]
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 […]
Checks on goods needed to protect EU market - Coveney
Tánaiste and Minister for Foreign Affairs Simon Coveney has said that there will be a need for checks on goods moving from Britain into Northern Ireland in order to protect the EU Single Market.
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.
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...
US FTC finds Cambridge Analytica deceived Facebook users
Impacts of finding on defunct consultancy unclear.
New rule proposed for out-of-state medical marijuana users
PROVIDENCE, R.I. (AP) - Rhode Island agencies have proposed a new regulation on the sale of medical marijuana that would require out-of-state patients to present identification from their state as proof of residency.
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. […]
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
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...
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.
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.
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.
Italy investigates Maltese prof implicated in Russia probe
ROME (AP) - Prosecutors in Sicily are investigating suspected embezzlement by a mysterious Maltese academic who has been linked to a U.S. probe of hacked emails.
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
Popular country pub The Battleaxes given a zero food hygiene rating
The new owners are working to make improvements
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,
Digital economy's environmental footprint threatens the planet
Dec. 9 (UPI) -- Modern society has given significant attention to the promises of the digital economy over the past decade. But it has given little attention to its negative environmental footprint.
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 […]
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...
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.
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 […]
Scott Morrison doesn't know the meaning of productivity
Productivity won't save the economy when wages and demand growth have hit the floor.
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.
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
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.
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.
South Africa hit by massive power cuts as floods disrupt supply
Worst outages in a decade after heavy rains cause power stations to fail
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.
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.
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.
Near Space Labs releases high-resolution imagery API
Near Space Labs unveiled an application programming interface Dec. 9 offering access to high-resolution imagery captured by cameras on weather balloons.
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?
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.
Harry Dunn’s family expected to go back to US this week
Spokesman Radd Seiger said the 19-year-old’s parents were going through ‘untold mental anguish’.
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.
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.
Macron has failed to lift France's gloom
A nation distrustful of change cannot bring itself to look at the facts.
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.
Warning for new scam
The Penticton RCMP is warning the public about a new phone scam taking place within the South Okanagan.
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...
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.
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 […]
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
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
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
Raw sewage and rodents account for record food-safety closures
More restaurants closed or sanctioned by watchdog than any time in last 20 years
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.
KDF moves swiftly after Air Force fighter jet lost important piece mid air
Sleepy village woken up by heavy military presence
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 […]
Ghana considering ‘sea bus’ system to fight consistent traffic, here’s how
The Coastal Development Authority in Ghana has said that it is considering a proposal to develop a ‘sea bus’ system to promote transportation between coastal regions.
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.
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 […]
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.
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
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.
Jaded Gittins pleads for budget honesty
Via a demoralised Ross Gittins:
Trade war goes digital: countries eye tariffs on Internet economy
Potentially forcing people to pay duties on software and movie downloads.
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
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
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.
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.
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
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 […]
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
HC declines to order linking of FB, Twitter, WhatsApp accounts with Aadhaar, PAN
A bench of Chief Justice D N Patel and Justice C Hari Shankar said linking of accounts with social media platforms like Twitter, Facebook and WhatsApp, with Aadhaar, PAN or any other identity document requires framing of policies or amendment in existing laws by the central government and this exercise cannot be done by the court.
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.
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
31 Army personnel killed in terrorist attacks along LoC from 2016 to 2018: Govt
In written response to a question in the Rajya Sabha, Minister of State for Defence Shripad Naik said that in 2016, six Army personnel died in terrorist attacks, followed by 13 in 2017 and 12 in 2018.
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 ...
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...
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.
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.
ORC Heavy Rainfall Update #8 - 9 Dec 2019
9 December 2019
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.
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
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
Political parties deplore government’s decision to hike APSRTC bus fare
Activists of BJP and TDP stage protests in Kurnool and Chittoor, terming the move ‘anti-poor’
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-
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.
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
Rockets hit military base near Baghdad airport, six wounded
Four Katyusha rockets struck a military base next to Baghdad International Airport on Monday wounding "six fighters", a statement from the military said. Security forces found a rocket launcher and several rockets in a search of the area, the statement said. There was no immediate claim of responsibility. It was the latest in a spate of rocket attacks on military installations this past week. On Thursday, two Katyusha rockets landed inside Balad air base, but there were no casualties or damage reported from the attack.
Hayne is the green harbinger of more red tape
Corporate Australia and unelected regulators are a big problem for the Morrison government's ambitions to free the economy.
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. […]
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
Eskom Predicts Two More Years Of Potential Load Shedding
Despite its efforts to minimise the risk of load shedding and repairing its power systems, Eskom said the country could experience two more years of power cuts. Speaking on the Gushwell Brooks show on Sunday, deputy spokesperson Dikatso Mothae said the power station units haven’t been properly maintained for a number of years. The power utility has […]
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
BMO joins $6m FlexPay funding round
FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.
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.
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.
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…
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.
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...
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
Turkey Returns 11 Jihadists to France
Turkish authorities have deported 11 French jihadists to France as part of a campaign to repatriate terrorists from the Islamic State group, BTA reported. After they arrive in France, the deportees are expected to be brought to justice in cases of involvement with a terrorist organization.
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.
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.
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.
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.
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.
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.
Caltex indolence invited takeover bid
Dozy oversight of cruising management has all but goaded a bidder out of the woodwork.
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...
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.
Harry Dunn’s family expected to go back to US this week
Spokesman Radd Seiger said the 19-year-old’s parents were going through ‘untold mental anguish’.
Former Oracle Product Manager Claims He Was Forced Out For Refusing to Sell Vaporware
A former Oracle employee filed a lawsuit against the database giant on Tuesday claiming that he was forced out for refusing to lie about the functionality of the company's software. The civil complaint, filed on behalf of plaintiff Tayo Daramola in U.S. District Court in San Francisco, contends tha...
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.
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.
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.
‘Aathmeeyudu’ owns up improvement of hostels in Narayanpet
Officials from other departments deputed to find gaps and find solutions to bridge them
Schumer says FAA study on legroom, seat width late - calls for mandates
A study on whether to mandate additional legroom and seat width on airplanes is late on arrival.
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
Low business confidence, less Christmas cheer
Paul Goldsmith - Finance
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.
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.
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.
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...
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
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
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.
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.
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
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...
10 things you need to know before the opening bell
Here is what you need to know.
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.
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.
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.
SalamAir announces direct flight to Thailand
New route will operate three times a week
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)...
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.
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
Special Kitty Cat Food Recalled
Certain lots of Special Kitty Mixed Grill Dinner Pate that may pose a risk to cats' health have been recalled because they may contain ingredients that don't meet quality and safety standards.
Ericsson pays $1bn to settle corruption probe
Networking giant reaches settelement following accusations of corruption by US authorities
Army helicopters sent in to rescue dozens stranded at Centurion hotel
The air force was called in on Monday to rescue numerous people trapped by flood waters as heavy rain continued to pelt Centurion and other parts of Gauteng.
One in hospital after crash into pole in Champaign County
CHAMPAIGN COUNTY — UPDATE @ 6:30 a.m.:
Plea to desilt Parakkirama Pandian Kulam
TIRUNELVELIVillagers of Anaithalaiyoor and Vadakarai near Gangaikondan submitted petitions to Collector Shilpa Prabhakar Satish on Monday appealing to her to include the Parakkirama Pandian Kulam in t
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
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
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.
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.
Uhuru appointed to lead 79 countries
Leader of leaders
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
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
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.
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.
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.
Japan PM Abe says visit by Iran's Rouhani being arranged
TOKYO — Japanese Prime Minister Shinzo Abe said Monday his country is arranging a visit by Iranian President Hassan Rouhani because it wants to play a greater role in resolving a nuclear impasse between Tehran and Washington and in relieving tensions in the Middle East, the source of more than 80% of Japan’s oil.
Minister urges shoppers to boycott ‘un-Australian’ Coles
Senior Nationals minister David Littleproud has called for shoppers to boycott Coles until it puts a 20-cent levy on all dairy products to help farmers.
AG William Barr told Trump that Rudy Giuliani has become a liability, The Washington Post reports
Attorney General William Barr counseled President Donald Trump that his personal lawyer Rudy Giuliani has become a liability for his administration, The Washington Post reported Sunday, citing people familiar with the conversations.
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 […]
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
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.
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.
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
JNU protests: Students take out demonstration march, traffic hit in South Delhi
JNU students took out the protest march to the Rashtrapati Bhavan demanding an appointment with the president, who is also the visitor of the university, to seek his intervention in the hostel fee hike issue
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 […]
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
10 things you need to know before the opening bell
Here is what you need to know.
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...
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.
Saudi eliminates gender-segregated entrances for eateries
The latest reform was hailed by young Saudis but dismissed by arch-conservatives on social media, with one Twitter user saying it went against sharia, or Islamic...
Man Loses House After Failing To Pay $8.41 In Property Taxes
An 83-year-old man has sued the government after losing his house over an outstanding debt of just $8.41 in property taxes
Human trafficking reducing in Edo – NAPTIP
The Edo Zonal Command of the National Agency for the Prohibition of Traffic in Persons says human trafficking in the
Greek fighter jet locks in on Turkish warships near Cyprus: photos
BEIRUT, LEBANON (2:30 P.M.) – A Greek fighter jet locked in on a Turkish frigate that was traveling off the coast of Cyprus on December 8, 2019, the Aviationist reported. Citing photos from the Twitter profile of journalist Yannis Nikitas, the Aviationist reported that a Greek Mirage 2000 jet targeted the Turkish frigate with Exocet anti-ship missiles during a show of force over the weekend. “In the photos we can see the HUD of a Mirage 2000, recognizable also by the characteristic Mirage refueling probe, as it gets a lock on a ship which, according to the caption, could be a Turkish frigate. On the left side of the HUD we can see a “M39” label, showing that the pilot selected the AM-39 Exocet anti-ship to perform the lock on the ship,” the publication said. Relations between Greece and Turkey have been rocky this year after Ankara began drilling for oil off the coast of Cyprus. This move by Ankara prompted Cyprus, Greece, and Egypt to issue a joint statement condemning Turkey for violating international law.…
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 …
National outdoor clothing chain set to take over empty high street building
A planning application has been submitted for the former Nationwide Building society premises
Gimnasts end their year in spectacular fashion
Nelspruit Gymnastics Academy this weekend hosted their annual Rock & Roll dance competition, where it was obvious that coach Maré Putter takes pride in her students performing flawlessly and with precision.
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...
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.
Traders want shops in temporary bus stand
They also demand new bus stand under Smart City programme
Israel Shares Its Connectivity Routes Allowing India to Bypass Strait of Hormuz
New Delhi (Sputnik): India has been taking steps to ensure the uninterrupted supply of energy including the deployment of its sailors and warships in the Strait of Hormuz. The situation arises against the backdrop of attacks on oil tankers amid tensions between Iran and the US.
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.
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
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.
'Extend and upgrade the Metro': Planning expert's plea to politicians vying for Number 10
James Hall said improving the Metro should be a key manifesto commitment from the main political parties
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 […]
Floods worsen in Johor while Kelantan fully recovers
JOHOR BARU, Dec 9 — The number of flood victims currently housed at the temporary relief centres (PPS) in Kota Tinggi has increased to 39, as of 5pm, compared to 19 victims recorded at noon today. State Local Government, Urban Well-being and Environment Committee chairman Tan Chen Choon, in a...
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
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.
EU opens subsidies for electric battery push
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries.
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.
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
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.
How people in leprosy colonies are fighting stigma for a life of dignity
While leprosy is curable and early treatment checks disabilities, the stigma associated with the disease continues to run deep. In 2017, there were 2.1 lakh new leprosy cases registered globally — India accounted for over half of them, according to the National Leprosy Eradication Programme (NLEP).
HC declines to order linking of social media accounts with Aadhaar, PAN
The bench said linking of accounts with social media platforms with Aadhaar, PAN or any other identity document requires framing of policies or amendment in existing laws by the central government
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
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...
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
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.
Ryanair again ranked among Europe’s worst polluters
Airline included in top 10 of continent’s biggest carbon emitters
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.
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.
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.
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...
Aristocrat and estranged wife begin latest round of Anglo-Scottish legal battle
Five Supreme Court justices are analysing the dispute.
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.
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
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.
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.
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
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.
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 […]
Subprime lender Amigo’s chief executive and chairman quit
Departures follow move by founder James Benamor to reassert control of the business
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
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 ...
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
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.
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.
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 [...]
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
We are placing Prasa under administration – Mbalula
The minister has dissolved the interim board with immediate effect and Bongisizwe Mpondo has been appointed administrator.
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.
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.
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...
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 [...]
PML-N cannot befool people anymore: Firdous
Opposition leaders are devising a policy to protect their corruption, while sitting in London.
Ericsson will pay a yard to settle bribery charges
The judge could not be Swede into letting them off
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
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
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
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. . .
TDP chief Chandrababu Naidu protests against onion price hike
This action by the police led to a verbal altercation between them and TDP leaders.
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.
5 Steps to Perfecting Social Media, According to an Early Employee of Twitter
Here's exactly how to stand out on social media.
Unicorn Scooter Company Finds Profit To Be A Mythical Beast
It takes a special kind of audacity for your startup to be successful, and a special kind of audacity to name your startup “Unicorn”. Sadly, the overlapping of those two audacious circles did not spell success for one scooter company....
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
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
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 ...
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
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.
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...
Crypto Payments Now Legal in Ukraine
Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international
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
111 East Grand and St. Kilda Surf & Turf / Neumann Monson Architects
Completed in 2019 in Des Moines, United States. Images by Mike Sinclair, Cameron Campbell Integrated Studio. 111 East Grand is the first multi-story office building in North America to employ dowel laminated timber (DLT), a mass timber system relying on a...
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.
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.
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...
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
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
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,...
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.
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.
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.
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
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.
Graft trial for Syrian President Assad’s uncle opens in Paris
Brussels: European Union foreign ministers debated Monday how to respond to a controversial agreement between Turkey and Libya that could give Turkey access to a contested economic zone across the Mediterranean Sea. The maritime border deal, endorsed by the Turkish parliament last week, has fueled tensions in Turkey’s long-running dispute with Greece, Cyprus and Egypt over oil
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.
Greece Refuses US, French Extradition Requests for Russia's Vinnik - Russian Ombudswoman
MOSCOW (Sputnik) - A Greek court has refused to extradite Russian national Alexander Vinnik, who has been in detention since 2017 and is wanted by several countries, to the United States and France, with a decision on Russia's relevant request yet to be made, Russian ombudswoman Tatiana Moskalkova stated.
Road linking Timaru and Ashburton reopening midday
Road crews have worked long hours overnight to make progress on reopening a road link between Timaru and Ashburton.
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.
Wole Soyinka Centre postpones honour for Osinbajo over Sowore
Chima Azubuike, Gombe The Wole Soyinka Centre for Investigative Journalism has postponed the presentation of the award to Vice President, Yemi Osinbajo. According to a statement signed by Mot...
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.
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
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.
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 “
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.
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.
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%.
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
Road accident claims 12 lives in Niger
FRSC in Niger says 12 people have died in an accident on Sunday at Sawmill village along Mokwa -Makera road in Mokwa Local Government Area of the state.
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.
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.
Emergency crews on scene of rollover crash in Dayton
DAYTON — Emergency crews are on the scene of a crash near the intersection of Hoover Avenue and Brooklyn Avenue in Dayton that left an SUV overturned off the road.
SERAP gives States seven days to disclose payments of pensions to ex-governors, others
The Socio-Economic Rights and Accountability Project has sent a Freedom of Information Act request to the Chairman and Deputy Chairman
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.
Govt to recruit over 500 health workers
Joyce Moriku Kaducu, the state minister for primary healthcare, says the ministry has been understaffed
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
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 ...
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
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.
First Polio Case in Malaysia in 27 Years
Malaysia registered the first case of polio in 27 years, the France Press reported, citing the Malaysian Ministry of Health. A three-month-old baby, originally from the city of Tuaran in Malaysia's Sabah state on Borneo island, was admitted to a hospital with symptoms of fever and muscle weakness on Friday, the ministry said.
Stitt appoints corrections director
Gov. Kevin Stitt on Friday appointed a new director to oversee the Oklahoma Department of Corrections, following the previous director's abrupt departure. Scott Crow, who has been with the department for more than 20 years and served as interim director since June, will lead the state agency that oversees Oklahoma’s correctional facilities. The department's previous director, Joe Allbaugh, abruptly resigned at a Board of Corrections meeting in June. At the time, Crow, who served as the department’s chief of operations, stepped into the interim director role. In a news release, Stitt praised Crow for his strong leadership at the agency leading up to when Oklahoma released more than 450 low-level, nonviolent drug and
$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.
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
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...
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
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.
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...
Russians Win 'Cheese Oscar' In International Competition
Elvira Kovtun made her first cheese four years ago in a pot in her kitchen after President Vladimir Putin banned Western imports in reaction to sanctions over Russia's invasion of Ukraine. Now, she and her husband have won Russia's first gold at the World Cheese Awards in Bergamo, Italy.
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.
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.
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
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...
PHOTOS: German invites Nelson Chamisa
MDC leader Nelson Chamisa is currently in German attending a conference organised by the Germany Social Democratic Party."So honoured to be in Germany, Be...
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...
WestJet's Christmas miracle
This year's annual "WestJet Christmas Miracle" video showcases families as they decide whether to give or receive.
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.
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.
Perth and Kinross Matters: Volunteers deserve praise for trying to make Christmas special
In Iceland, children count down the days til Christmas with the arrival of 13 troublesome trolls.
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...
EU unveils €3bn research fund to develop batteries
Seven member states to invest in the project which is set to run until 2031
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.
111 East Grand and St. Kilda Surf & Turf / Neumann Monson Architects
Completed in 2019 in Des Moines, United States. Images by Mike Sinclair, Cameron Campbell Integrated Studio. 111 East Grand is the first multi-story office building in North America to employ dowel laminated timber (DLT), a mass timber system relying on a...
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).
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
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
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.
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.
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.
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
Saudi Arabia ends gender-segregated entrances for restaurants
Restaurants and cafes in Saudi Arabia are no longer required to have gender-segregated entrances, officials said, in a further easing of social...
Fashion Industry Warns the World to Heed Dire Climate Warnings
The global fashion industry is drawing on its own "social and cultural weight" to lead the world into tackling climate change.
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.
Court challenge to federal ban on needles for drug-using prisoners postponed
A court hearing to challenge the federal government's ban on needles for drug-using prisoners has been postponed until next week in the latest delay for a case that began seven years ago.
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 ...
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
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
U.S., Japan military drills include cyberspace coordination
Dec. 9 (UPI) -- U.S. and Japanese forces began engaging in joint exercises on Monday.
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...
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...
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...
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.
Lebanon's exit path from economic woes
The government should aim at restoring confidence through economic sustainability and balanced growth.
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 ...
IITs end first week of placements on a high note, beating last year's show
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
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".
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.
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
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...
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
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
SERAP asks state governors to disclose pension paid to ex-governors
The civil society group condemns jumbo payments to former political office holders under the pension laws.
Garda on trial charged with assault of RTÉ cameraman
A garda has gone on trial charged with assaulting an RTÉ cameraman and causing damage to his camera.
Data watchdog raps EU asylum body for snooping
The European Asylum Support Office combed through social media to monitor refugee routes to Europe for three years. The agency sent weekly reports on its findings to member states, the EU Commission and institutions such as UNHCR and Interpol.
Mermaids at Leinster House as protest calls for end to overfishing
“The oceans are dying before our eyes – we should be doing everything we can to reverse this situation before it is too late.”
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.
Quake hits Florence area, trains temporarily suspended
An earthquake hit north of Florence on Monday morning, forcing trains across Italy to be cancelled or severely delayed.
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
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.
One in seven adults are now smokers, says survey
ANTI-SMOKING campaigns have reduced the proportion of smokers in Jersey to around one in seven adults, new figures show.
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.
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.
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)
Thieves carry out 'utterly devastating' raid at charity-run farm
The criminals seized a van, cash and equipment from Elm Tree Farm
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,...
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.
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
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
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
UMTA in the dog house
Proposed common ticket card, urban transport development fund remain on paper
Fishshack owner to sell restaurants in rescue deal
Financial woes forced chain to seek court protection from creditors in August
Nigeria Army says using phone while approaching check points not allowed
Making phone calls close to military checkpoints is not advisable, a senior Nigerian military official said on Monday. “It is a security measure for when you are approaching a checkpoint,” he said, “you don’t make phone calls,” said Major-General Usman Mohammed, Nigerian Army’s head of Civil-Military Affairs said on Channels Television’s Sunrise Daily on Monday. […]
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
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...
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
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.
PSD will attack at CCR laws assumed by Gov't if Parliament has same topics drafted
The Social Democratic Party (PSD) will attack at the Constitutional Court of Romania (CCR) any law the Government assumes responsibility on if...
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
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.
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
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
EU agrees future human rights sanctions
Human rights abusers worldwide are to face EU asset freezes and travel bans under new-model sanctions agreed by foreign ministers in Brussels Monday. "Today, the EU unanimously decided to legislate a worldwide EU human rights sanction regime," Dutch forei...
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 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.
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
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
Cross River automated cocoa processing factory ready for commissioning
Cross River Cocoa Processing Factory located in Ikom is scheduled to begin a test run early next year following ninety-five percent work completion.
Central bankers pay tribute to Paul Volcker
US Fed chairman who tackled 1970s-era inflation has died aged 92
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…
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
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
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.
After toll plazas, govt push for FASTag at Hyderabad airport parking
It has given a major fillip to the Digital India initiative by converting cash toll payments to electronic and brought in an enhanced transparency in entire tolling ecosystem, the ministry said
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
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.
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
We broke down the differences between credit card points and frequent flyer miles — here’s why you should be collecting both
Even though a ton of credit cards offer “points” or “miles” for every dollar you spend, those points can be very different things. Each bank and frequent flyer program has its own rewards currency that can be used in different ways. That makes it complicated when you’re trying to choose a credit card; two different cards could offer double points on purchases, but those points could have different values, and could be best for two different things.
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...
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.
India needs support from advanced nations to fight climate change: Govt
Prime Minister Narendra Modi launched a global Coalition for Disaster Resilient Infrastructure (CDRI) at the United Nations (UN) Climate Action Summit 2019 held in New York on September 23.
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.
European Union permits state aid to develop electric battery giants
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in the highly strategic sector of electric batteries. The move is part of a major push led by Germany and France to prepare Europe for the emergence of electric cars, as gas combustible engines are phased out over concerns for the environment.
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
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
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.
Decision on six bus companies in Dhaka by March, says Mayor Khokon
Dhaka South Mayor Sayeed Khokon says a decision could be made by March to bring the buses operating in Dhaka under six companies as part of an effort to discipline public transports.
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
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.
No directions to central universities to increase fees: HRD minister
Nishank made the statement in response to a written question in the Lok Sabha
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.
Market watch: Index ends in red amid lack of triggers
Benchmark index decreases 289.44 points to settle at 40,442.81
Gov. Yahaya approves additional N550m for payment of gratuities to retirees
Gov. Inuwa Yahaya of Gombe State has approved the release of an additional N550 million for the payment of gratuities to the state retirees
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
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.
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
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...
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
Equity flows see sharpest dip in 3.5 years, slip 78% in November
Flows were 78% low compared to Oct; lump sum investments hit
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.
Iconic Cork restaurant one of 23 food outlets forced to close
An iconic Cork restaurant was one of a record 23 food outlets forced to close in November over hygiene concerns.
Cashel allocated funding through new €15.5m Fáilte Ireland Destination Towns Scheme
In Cashel the funding will help create an extension to the existing Main Street Plaza
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.
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
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.
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
Judge accused of having threesome in her chambers with lawyers
A Female judge has been accused of using her courtroom to have group sex with lawyers. Dawn Gentry,38, from Kentucky, US.
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.
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
Stroppy Frogs
My train service, South Western Rail may be on strike for a month, blast them, but comfort comes from the fact that we’re not nearly as strike-prone as the French.
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
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)
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.
Paul Volcker, Former Federal Reserve Chairman, Dies At 92
He led the country's central banking system in the late 1970s and 1980s.
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
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.
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.
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.
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.
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
Foldable Airplane Seat Aims to Revolutionize Air Travel in Economy Class
Universal Movement has your back. And your neck and shoulders, and general wellbeing. The London-based design firm has unveiled a concept for an airplane seat for economy class that would, for the first time ever, puts the flier’s comfort over everything else.
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.
How the demise of the headphone jack led to a ear buds boom
Ear buds, or hearables, are driving a boom in wearable devices, according to IDC data. It all started as vendors started dropping the headphone jack en masse.
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
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
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
Sowore: Wole Soyinka Centre postpones award to Osinbajo
Following the rearrest and continuous detention of Omoyele Sowore, the Wole Soyinka Centre for Investigative Journalism (WSCIJ)
Disabled freighter loaded with ammonium nitrate in English Channel
Dec 3: KARKLOE, IMO 9518995, dwt 5400, English Channel S of Falmouth, NUC since early Dec 3, from Brunsbuettel to Nouadhibou, Mauritania, ETA Dec 12. Dec 5 Update: According to Lloyd, the ship suff…
Cades Cove Loop Road closed for tree clearing
According to the National Park Service, Cades Cove Loop Road will be closed starting Monday.
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.
Eurex Strengthens European Bond Market with New Product
Eurex will improve its offering by launching EUR-denominated fixed income ETF options starting today
Rupee firms up to five-month high against dollar; strengthens by 15 paisa today
Moody
Local developer deploys machine learning to accounting tool
Syncrony Digital wants to develop a machine learning component for its GreenLine financial close platform.
The Great Recycling Con
The greatest trick corporations ever played was making us think we could recycle their products.
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
Markets surge on jobs, trade
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
TNPSC Group I Main exam results released; final results on December 31
The Tamil Nadu Public Service Commission has released results of 363 successful candidated online
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
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.
UK CMA Decision Looms Over Amazon’s Quest For Deliveroo Stake
UK Antitrust News: The Competition and Markets Authority (CMA) will decide if Amazon's quest to acquire a stake in Deliveroo (and its user data) can move forward.
Charlie Parker: ‘We can attract good people’
IT is a ‘bit of a myth’ that the government finds it difficult to attract ‘good people’ to fill front-line roles – the real problem is inadequate support once they arrive, the government’s chief executive has said.
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
Ireland ranks as EU’s largest importer of planes
Figures show 53% of bloc’s plane imports last year went to Ireland
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.
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.
For the first time in two decades, steam locomotive operates from Coonoor to Ooty
The chartered train service carried more than 70 foreign tourists from multiple countries
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.
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...
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...
Earthquake in Italy
A 4.8 magnitude earthquake on the Richter scale was registered tonight at 03.
Road accident kills 12 in Niger - The Nation Newspaper
The Federal Road Safety Corps (FRSC) in Niger says 12 people have died in an accident on Sunday at Sawmill village along Mokwa -Makera road in...
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...
Rats, a dead mouse and pigeon faeces: Record 23 enforcement orders in November
It is the highest number of Enforcement Orders in one month since the legislation was introduced in 1998.
Why Europe will choose the US over China
America’s allies are belatedly heeding its warnings about the Chinese technology threat
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.
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.
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...
3 Healthcare Stocks to Buy and Never Sell
A holding period of forever sounds perfect for these top-tier businesses.
Flood alert in force from Lowestoft to Bawdsey
A flood alert has been issued by the Environment Agency along parts of the Suffolk coast this evening.
Radish Farmers Lose RM177K After Neighbours Spread Rumour They Were Giving Crops For Free
Generosity went wrong. This is the kind of event none of us could've ever predicted. Three farmers who were kind enough to share some of their crops with their neighbours realised quickly that they would regret their generosity as their business faced RM177K worth of loss. Thousands of strangers came…
Queensland's Games bid gets tourism tick
Preliminary costs in May 2019 estimated it would cost $5.3 billion to stage the 2032 Olympics and Paralympics in Queensland, but tourism boss says the bid will give Queensland 'focus'.
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
Commission approves pan-EU battery project
The plan aims to invest more than €8 billion in battery projects across Europe over the coming decade.
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."
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.
In view of multiple protests, entry, exit of Delhi’s 3 metro stations closed
Entry and exit at Udyog Bhawan, Lok Kalyan Marg and Central Secretariat metro stations were closed on Monday.
2020 Lincoln Aviator Grand Touring plug-in hybrid range, fuel economy revealed
2020 Lincoln Aviator Grand Touring plug-in hybrid luxury three-row crossover fuel economy revealed. It has a solid electric range, but average fuel economy
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
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 […]
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 ...
Where to find the cheapest PlayStation Plus and Xbox Live Gold membership deals ahead of Christmas
Take your gaming experience to the next level with a PS Plus or Xbox Live Gold membership this December
HSBC reshuffles top team ahead of restructuring
Interim chief Noel Quinn plans big overhaul of group to slash costs in Europe and the US
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.
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".
Engineer Claims to Have Discovered Possible Location of MH370
Malaysian Airlines Flight MH370 with 239 passengers and crew disappeared from radars on 8 March 2014, and its fate continues to remain unknown. Several scientists and plane hunters have been putting forward their theories about what could have happened to the craft and where it could be currently located.
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
Are We Heading Towards a Cashless Economy?
Asia, Canada, and parts of Europe are already on their way.
I taught at a 'for-profit' college. They're predatory disasters
Students rack up debt for worthless diplomas – debt they default on at twice the rate of their peers at traditional colleges
EU weighs response to Turkey-Libya maritime border deal
Brussels (AP) - European Union foreign ministers debated Monday how to respond to a controversial agreement between Turkey and Libya that could give Turkey access to a contested economic zone across the Mediterranean Sea.
Death of NZ High Commissioner to Cook Islands
New Zealand's High Commissioner to the Cook Islands, Tessa Temata, died in Palmerston North over the weekend, Foreign Minister Winston Peters said today.
Goldman raises oil forecast on Opec output cuts
The bank revised its Brent spot price forecast to $63 per barrel for 2020.
UN report: Climate, technology could produce 'severe inequalities'
The climate crisis and technological changes could shape a 'new generation of severe inequalities in human development,' according to a U.N. report...
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.
There won’t be increased bus service during the SkyTrain shutdown tomorrow
Coast Mountain Bus Company has announced that it will not be increasing bus service in response to the planned SkyTrain strike by CUPE 7000.
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).
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
12 killed in Niger car accident
The accident involved 103 people: 55 female, 40 male, eight children, five adults.
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
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...
Freighter contacted bottom, breached, Norway
General cargo ship FEED RANA ran aground at around 2330 UTC Dec 8 in Rorvik area, central Norway, while en route from Kristiansund to Stokmarknes, Norway. According to track, the ship refloated by …
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...
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
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...
What Charity Should You Give To?
Rewarding charities that scrimp is less strategic than it sounds.
Srinagar airport remains suspended due to heavy fog
Flight movements in Srinagar for the third consecutive day; 26 flights cancelled
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
They crammed that cruiser
Generous residents "Crammed the Cruiser" in Lake Country over the weekend.
FAI crisis: ex-president says liabilities could be ‘close to €80m’
Brendan Menton says all stakeholders need to work together to solve funding crisis
Huawei stands by HarmonyOS approach
A Huawei executive revealed the company plans to expand the range of devices running its ...
Using Kyoto credits to meet Paris agreement 'misses the point': Garnaut
A reliance on "carryover credits" to meet an emissions reduction pledge will ultimately cost the economy more than taking decisive climate action, Ross Garnaut says.
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
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.
NGT asks Pollution Control Board to curb plastic manufacturing violations
The NGT had earlier said there was no proper mechanism for plastic waste management in the country and directed the CPCB to take necessary action in this regard.
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...
Online booking for ID cards now available in Portugal
A protocol signed Friday in Lisbon will allow the State Booking Centre to operate an online scheduling service via the ePortugal Portal, the Ministry of Justice (MJ) informed.
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
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.
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
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 […]
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
Road accident claims 12 lives in Niger —FRSC
The Federal Road Safety Corps in Niger State has said that 12 people have died in an accident on Sunday at Sawmill Village along Mokwa-Makera road in Mokwa Local Government Area of the state. Th...
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.
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.
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
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
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
Barr warned Trump for months that Rudy Giuliani was becoming a liability, but the president ignored him because he loves Giuliani's fiery media appearances, Business Insider - Business Insider Singapore
Business Insider - Rudy Giuliani was a key figure in the events that sparked an impeachment probe, and his actions have long concerned Trump administration officials.. Read more at businessinsider.sg
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.
Nets pilots pay by face
With the tagline ‘Hungry? Face it’, Nets has launched a pilot programme testing facial recognition at a cafeteria in Denamrk.
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.
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
Flight attendants explain the ways you could actually bag a flight upgrade
Flight attendants debunk the myths and explain what it actually takes to bag a free or cheap flight upgrade
‘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
Intel Labs unveils cryogenic control chip for quantum computing
Intel Labs unveiled a first-of-its-kind cryogenic control chip, code-named Horse Ridge, that will speed up the development of quantum computing systems.
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
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
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.
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
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).
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.
2020 election crucial for US to catch up on climate action
A significant expansion of state, city, and business climate action could reduce US greenhouse gas emissions by up to 37 percent by 2030 over 2005 levels even without federal support, according to projections published Monday. The figures were compiled by America's Pledge, a group founded in 2017
Water released from Shanmuganadhi dam
It will benefit lands in Uthamapalayam taluk
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.
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.
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.
Mayo garda appeal issued over missing person
Gardai in Mayo are appealing for information to help them trace a missing person.
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.
31 Army personnel killed in terrorist attacks along LoC from 2016 to 2018, says govt
Minister of State for Defence Shripad Naik said that in 2016, six Army personnel died in terrorist attacks, followed by 13 in 2017 and 12 in 2018.
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.
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.
Japanese Trade Minister to discuss RCEP pact with Goyal
Talks may discuss New Delhi’s concerns, suggest ways to make Indian industry more competitive
Thai massage may soon get UNESCO recognition
The massage technique is said to have been originated in India and brought to Thailand some 2,500 years ago by doctors and monks, who passed its secrets to generations.
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
European Union to prolong Russia sanctions: German minister
EU leaders will renew economic sanctions against Russia when they meet for a summit this week, German Foreign Minister Heiko Maas said Monday. Maas said he saw no reason to relax the measures imposed on Moscow over its role in the conflict in eastern Ukraine. The sanctions target whole sectors of the Russian economy, including its valuable oil and gas industries.
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....
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...
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
The Weekend Bulletin
A quick snapshot at the weekend that was. Biggest Upset: Ryosuke Iwasa +225 over Marlon Tapales Notable New Champions: IBF World Female Junior Welterweight Championship: Mary M…
20-storey Bolton tower block branded a 'blot' on the landscape
It would bring 144 new apartments to the town centre
Mainstream taps Rothschild for equity partner search
Eddie O’Connor owns 55% of company
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.
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.
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.
Istanbul metro line seeks to improve air quality
Metro Istanbul, which runs the metro services in the city, joined forces with Istanbul municipality's environmental agency to improve air quality in metro...
Starling Bank Adds First Legal Services Partner to Business Marketplace
UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. Ac
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.
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...
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.
Pasty shop Malcolm Barnecutt opens in Plymouth city centre
It's the company's first outlet in Devon
'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
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
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
14 CBI cases against 18 serving, ex-legislators
Serving and former MLAs, MPs face probe
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
Imported onions reach Dindigul market
Farmers begin cultivation of shallots
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
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
Fowler out, Muhammad Nami in – here are few things you need to know about the new head of Nigeria's revenue-generating agency, FIRS
The Nigerian government has appointed Muhammad M. Nami as the new chairman of the country's revenue-generating agency, Federal Inland Revenue Service.
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.
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 [...]
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.
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.
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.
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.
Counter Attack Solution for All Problems in AP?
Andhra Pradesh Assembly Sessions began today this morning in Undavalli. The Principal Opposition Party, TDP has announced its intention of raking 13 issues in this session but the Ruling Party, YSR Congress seems to have some other ideas. The Ruling Party has no answers except for counter-attacking TDP with unrelated issues, the Opposition Party alleged.
Sebastian Suhl to Exit Valentino
Suhl joined the couture house in January 2018 as managing director of global markets.
Sumanahalli flyover: Report points to major distress in bearing support, expansion joints
Distress treatment, repairs to cost the BBMP around ₹40 lakh
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
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
Binotto says Ferrari "do not understand" loss of pace after pre-season testing!
Ferrari team boss Mattia Binotto says that he does not understand what happened to his team's pace between pre-season testing and the first race in Melbourne in 2019. The Italian giants left Barcelona after the eight days of testing in a positive mood, having looked the quickest of everyone.
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.
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.
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
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
US continues to block appointment to key WTO body
Washington spurns the draft General Council decision presented by facilitator
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
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
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.
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
You can now get paid £5,000 to design a sex toy - and you'll even earn royalties on it
Lovehoney has launched a new ‘Design A Sex Toy’ competition with a prize of £5,000, as well as the chance to earn royalties on your product
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.
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.
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.
Buhari's aide backs social media regulation - Premium Times Nigeria
President Muhammadu Buhari's spokesman, Garba Shehu, has called for the regulation of social media, saying doing otherwise could lead to "more lawlessness
Tariff hikes to double telcos' Ebitda: Crisil
In the last few weeks, Airtel, Vodafone and Jio have increased their tariff- a first since 2016.
China prison camps: Govt. says it will continue 'training' Xinjiang people
China on Monday defended its vast network of re-education camps in Xinjiang and said it would continue "training" residents, following explosive government document leaks detailing surveillance and control of the region's Uighur population.
Need to mutually solve climate change, strive for holistic growth: Kovind
The President made the remarks at the Lakshmipat Singhania-IIM Lucknow National Leadership Awards ceremony here.
East Kilbride Clintons store saved from pre-Christmas collapse
The chain has bought itself out of administration saving 2500 jobs nationwide.
Bulgaria Ranks 52nd out of 189 Countries in the Human Development Index
Bulgaria is among the countries with a very high level of human development. Bulgaria ranks 52nd with a score of 0.
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...
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…
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.
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.
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
HC stays toll collection on Doddaballapur highway
Government was unable to confirm that work on the State Highway has been completed
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
American Airlines sets record for number of days without a cancellation
Three of those days without a canceled flight came during the Thanksgiving weekend.
Rondo Food to close Co Wicklow plant with loss of 135 jobs
Pet food maker plans to move facility to Germany early next year
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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
Delhi court allows Robert Vadra to travel abroad
A Delhi court on Monday allowed Robert Vadra, the son-in-law of Congress chief Sonia Gandhi, to travel abroad for medical treatment and business purposes.
HSBC Holdings shuffles executive ranks ahead of restructuring
Interim CEO plans to close some parts of the sprawling bank’s business and sell others
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).
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."
Hero MotoCorp to hike prices by up to ₹2,000 from January
Two-wheeler market leader Hero MotoCorp on Monday said that it will increase prices of its motorcycles and scooters by up to ₹2,000 from January.The price hike will be across range of two-wheelers and
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.
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.
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.
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.
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...
Amazon, Flipkart planning to help SMEs go digital and grow their businesses
E-commerce giants adopt similar strategy to helps SMEs
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
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
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.
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.
‘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
Uhuru Lands Top International Role
Knowing fully well the task ahead, President Kenyatta lay his agenda before the leaders present with a view to...
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.
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.
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...
Onion nightmare continues for consumers
Price of the commodity ranges between ₹110 and ₹170 per kg depending on the variety
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.
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
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.
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
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.
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
No One Brand Explains Vaping-Related Lung Injuries
As of Dec. 3, 2,291 patients have been hospitalized, with cases in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands due to these particular lung injuries, the CDC reports.
American-style sweet shop opens up in Derby suburb
'I’m making people happy and that’s what I love'
Former Tipperary garda station sold at public auction
HUGE INTEREST IN NEW INN BUILDING
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…
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.
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
The US, like China, has about one surveillance camera for every four people, says report
One billion cameras will be installed globally by 2021, says IHS Markit.
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
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.
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...
$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 […]
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.
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
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
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.
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
Saudi eliminates gender-segregated entrances for eateries
Restaurants and cafes in Saudi Arabia are no longer required to have gender-segregated entrances, officials said, in a further easing of social ...
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 […]
‘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 .
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.
Tullow’s timely lesson for bets on battered energy stocks
The search for unfairly undervalued energy investments is peppered with difficulties
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 […]
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
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.
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
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
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.
Supreme Court refuses to hear opioid case involving OxyContin makers
Dec. 9 (UPI) -- The U.S. Supreme Court declined to hear a case Monday that accused Purdue Pharma of moving billions of dollars in an effort to shield them from a spate of pending lawsuits over the popular opioid painkiller OxyContin.
Blackpool butcher helps the homeless
Every year up and down the country, Salvation Army centres and churches will be providing a hot Christmas dinner for any homeless person on Christmas Day.
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 […]
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.
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.
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...
South Sudan rivals to hold talks in Juba
The two protagonists are expected to discuss issues seen as critical to the realisation of the peace accord signed in September of last year.
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.
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 […]
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
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.
Watch Democrats' counsel expertly sum up the Ukraine scandal in just 3 minutes
Well that was easy. Democratic counsel Daniel Goldman wrapped up his opening statement during the House Judiciary Committee impeachment hearing Monday by summarizing the entire Ukraine scandal that spurred the inquiry into President Trump. The whole thing took just around three minutes. DANIEL GOLDMAN: "The president's scheme is quite simple and the facts are not seriously in dispute. It can be boiled down to four key takeaways." pic.twitter.com/iohClV27Mr — Aaron Rupar (@atrupar) December 9, 2019 Don't be fooled, though. The rest of the impeachment proceedings — including Monday's hearing, which is expected to last through the afternoon — won't be so concise. Tim O'Donnell
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.
Why These 2 Natural Gas Stocks Are Soaring Today
Antero Resources and Antero Midstream are working together to enhance their outlook.
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 […]
Ex-midwife who died after 25 falls 'blamed for attention seeking' by care staff
Frail pensioner Audrey Allen, 80, had suffered from dementia.
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
12 days of school choice begins in Hillsborough County
Hillsborough County kicked off 12 Days of School Choice on Monday as they prepare to launch the most new programs in the district's history.
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
Former Fed chair Paul Volcker dies
Central banker responsible for ending US inflationary spiral
Russia tells UK court Ukraine should be forced to pay debt despite disputes
LONDON/KIEV (Reuters) - Russia told Britain’s Supreme Court on Monday that Ukraine should not be allowed to use geopolitical arguments to dispute billions of dollars in debt, after Kiev argued it had been forced to borrow the money from Moscow.
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.
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
What is the future of Alberta's $25-a-day daycare? Operators, parents waiting for answers
Operators of some Calgary child-care centres say they’re holding their breath as they wait for news about the future of Alberta’s $25-a-day pilot program.Kate Stenson, executive directo…
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.
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.
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.
Deutsche to cut €100m from domestic retail banking unit
Lender plans to scrap legal entity that runs the operation and merge it into group
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 ...
Court challenge to federal ban on needles for drug-using prisoners postponed
TORONTO - A court hearing to challenge the federal government's ban on needles for drug-using prisoners has been postponed until next week in the latest del
Xizi elevators and market competition in Nigeria
With the population of Nigeria hitting over180 million and the designation as Africa’s largest economy, the country is seen as the next global investment
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.
Supreme Court allows divisive Kentucky abortion law to begin
Dec. 9 (UPI) -- The U.S. Supreme Court declined Monday to hear arguments about a new Kentucky rule that requires physicians show women seeking abortions ultrasound images of their unborn fetuses, allowing the controversial law to take effect.
Water problem could lead toWorld War III, says expert
‘Disaster will strike India if governments do not heed the wake-up call’
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
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.
Met department warns of heavy rains
Meteorological Services Department (MSD) has issued a warning of heavy rains across the country on different days from today till Thursday December 12. In a sta...
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.
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.
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
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 […]
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.
Amazon offering $30 gift card with purchase of new Switch, besting Black Friday deal
Good things come to those who wait
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.
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.
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 […]
Chase Offers can get you cash back at Blue Apron, New Balance and more just for having a card — here are some of the best deals available now, Business Insider - Business Insider Singapore
Business Insider - Chase Offers are cash-back deals at restaurants and retailers for Chase cardholders. Here are some of the best ones available right now.. Read more at businessinsider.sg
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.
Rajya Sabha Chairman Venkaiah Naidu writes to party chiefs on absenteeism
‘Mechanism should be instituted for monitoring of attendance’
Liberals move to start phasing in promised tax cuts in January 2020
The Liberal government says Canadians would begin to see the impact of a proposed tax cut on their first pay stubs of the new year - as long as the party can get enough political rivals to help them deliver on one of their major campaign promises.
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…
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 ...
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.
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 […]
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
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.
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.
Hudson Yards, New York City’s new $25 billion megadevelopment, is now the city’s most expensive neighborhood, with a median sales price of nearly $5 million.
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.
Crisis looms over KSRTC again
31,000 staff get 70% of salary after delay of 10 days
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…
Hello, citizens: West Java introduces app to facilitate communication with residents
The West Java administration has launched a mobile application that will enable local residents to engage in a two-way communication with administration officials, therefore allowing them to voice their concerns over certain issues and curbing the prevalence of fake news.
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…
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.
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.
Why Europe will side with the US over China for 5G
America’s allies are belatedly heeding its warnings about the Chinese technology threat
Coinjer Scam is Making the Rounds, Here’s What You Need to Know
The Coinjer scam is one of the latest cons to hit crypto-related social media recently. The scam primarily operates across Telegram channels and tricks
ATV rider plummets 150 feet
UPDATE 6 p.m. The Penticton Fire Department has successfully rescued the rider from the bottom of the embankment.
Buhari jets out to Egypt Tuesday
President Muhammadu Buhari will depart Abuja on Tuesday for Aswan, Egypt to attend the Aswan Forum. The gathering is designed to set an agenda for sustainable peace and development in the continent. In a statement issued on
Walmart apologizes for Christmas sweater with drug reference
Dec. 9 (UPI) -- Walmart issued an apology for a Christmas sweater on the store's Canadian website that featured a reference to doing illicit drugs.
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.
Delhi BJP chief Manoj Tiwari drops Jai Prakash as vice president, move surprises many in party
Removal of Prakash has come as a "surprise" for many in the party as he is considered close to Rajya Sabha member Vijay Goel. "The timing of the decision is questionable since Tiwari himself has completed his three-year term as the president of Delhi BJP. Jai Prakash is known for his closeness to Goel," said a top Delhi BJP leader.
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
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
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.
Concerned EU weighs response to Turkey-Libya border deal
Brussels (AP) -
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.
ELEPHONE officially launched their Pakistani endevours - Gizchina.com
Yesterday at the Serena hotel in Islamabad the ELEPHONE brand held a big launch party to celebrate the start of their Pakistani operations.
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.
SACA repeats call for CSA board to step down
The South African Cricketers’ Association has repeated its call for the Board of Cricket South Africa to step down.
In Pictures: Fishy encounter and scenic views as parties launch final voter push
The PM visited a fish market while the SNP battle bus took a trip to the Highlands.
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
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...
Amazon says Trump’s ‘improper pressure’ doomed Pentagon bid
Amazon says President Donald Trump’s “improper pressure” and behind-the-scenes attacks harmed its chances of winning a $10 billion Pentagon contract. The Pentagon awarded the cloud...
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
Whopping 550-home development in Plymouth is getting underway
The site clearance follows the removal of the industrial buildings which was given permission in March
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.
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...
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.
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.
Renaissance Services restructures its share capital
The Board of Directors of Renaissance Services invited all shareholders to attend an Extraordinary General Meeting
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.
Complications of advertising
Half the money I spend on advertising is wasted, the trouble is I don’t know which half.
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
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
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
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
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 […]
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
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...
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.
1&1 fined EUR 9.55 mln for GDPR infringement
The German Federal Commissioner for Data Protection and Freedom of Information (BfDI) has fined 1&1 a total of EUR 9.55 million for infringing the General Data Protection Regulation (GDPR). The company failed to protect sufficiently its customer service line, allowing third parties to access customer personal data by providing only a name and date of birth.
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.
Hero MotoCorp to hike motorcycle, scooter prices from January 1
Hero MotoCorp's portfolio includes affordable motorcycles like Splendor, HF Deluxe, as well as premium offerings like Xtreme 200S and Karizma ZMR. The company also markets scooters including Maestro Edge 125, Pleasure, Destini 125 and others
Liberals move on tax cut for the middle-class in the Commons
Finance Minister Bill Morneau has tabled a motion in the House of Commons to move on the Liberal's promised tax cut for the middle class.
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.
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
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Dear Readers,
Equity inflows into mutual funds dip to 41-month low
Exit load triggers outflow, but analysts see investors flocking back
Army fires US precision guided Excalibur rounds for first time using M777 howitzers
The firing of the Excalibur rounds took place as part of the armys training procedure. A precision guided kit was also tested.
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 ...
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
HC asks RBI to reply to Kochhar’s plea
Court hearing arguments on termination of services of ex-ICICI Bank MD & CEO
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
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.
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.
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 ...
Power restored on Westside
UPDATE 4:54 p.m. BCHydro says the power has been restored in West Kelowna.
Huge Christmas boost as Affinity Credit Union pays out €398,000
GOOD NEWS FOR TIPPERARY MEMBERS
Killed Journalists
Down from 95 journalist killings in 2018, the International Federation of Journalists reported Monday that 49 journalists have been killed so far this year.
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.
GITAM plans to set up National Orthopaedic Learning Centre
CME programme on total knee arthroplasty organised
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...
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.
Walmart, Amazon to train MSMEs
E-com giants announce plans to help sector; brick-and-mortar traders peeved
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
Concerned EU weighs response to Turkey-Libya border deal
Brussels (AP) —The European Union's top diplomat said Monday that some EU countries are concerned over Turkey's controversial maritime border agreement with Libya but that the bloc will continue studying the deal before deciding whether to take action.The maritime deal, endorsed by the Turkish parliament last week, has fueled tensions in Turkey’s long-running dispute with Greece, Cyprus and Egypt over oil and gas drilling rights in the eastern Mediterranean.The deal could give Turkey access to a contested economic zone across the eastern Mediterranean Sea and Greece has already expelled the Libyan ambassador over it.“It’s clear that it is problematic.
LGBTQ faces discrimination in workplace, says CCHR report
The Cambodian Centre for Human Rights (CCHR) issued a report this month revealing workplace discrimination faced by members of the Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) community in Cambodia.
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
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.
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.
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.
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
Saudi Arabia favours stronger ties with India
‘Energy cooperation key to the strategic partnership between the two countries’
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.
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
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
Shop workers tied up during terrifying armed robbery in Preston
Detectives are investigating following a robbery in Broughton on Sunday night.
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...
GTD’s role comes under the scanner
The role of former Minister G.T. Deve Gowda, who had vowed to remain neutral in the by-elections from Hunsur constituency, has come under the scanner.While the losing BJP candidate A.H. Vishwanath has
Jaguar Land Rover sales fall despite hopes for Chinese recovery
Jaguar Land Rover sales fell last month, despite the car maker seeing “green shoots” of a recovery in the all-important struggling Chinese market.
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
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
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
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.
Saudi removes gender-segregated entrances for eateries
Restaurants and cafes in Saudi Arabia are no longer required to have gender-segregated entrances, officials said, in a further easing of social restrictions in the ultra-conservative Islamic kingdom.
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.
Kingsland, Soul Tree to form JV, UK set for bulk wine imports from India
We believe there is a clear market opportunity for Indian wine, especially in the Indian restaurant sector, said Ed Baker, managing director at Kingsland Drinks
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 […]
'Sellers Set Their Price, We Don't Interfere,' Amazon India Retorts to Deep Discounting Accusation
The assertions come at a time when the Confederation of All India Traders (CAIT) has approached the government for its intervention regarding the "deep" discounts offered by e-commerce majors like Amazon and Flipkart during festival sales.
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 [...]
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
Fake Xiaomi accessories worth over $18,000 confiscated in Indian market - Gizmochina
When you are in the business of manufacturing, one problem you have to deal with is counterfeit products. They not only hurt your sales and spoil your brand name but these products can also cause harm to the user. It has been reported that Xiaomi went on a raid with the police to an Indian …
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
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 […]
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
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
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
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
Aya Kanai Replaces Anne Fulenwider as Marie Claire Editor
Anne Fulenwider is stepping down at the end of the year to launch a women’s health business.
Forex Club Shutters FX Operations in Russia
Forex Club has stopped accepting services for Russian users in what has become a trend in 2019.
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.
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
Boris Johnson sparks outrage by flying 90 miles in a plane instead of taking his bus
The Prime Minister took a plane for around two-thirds of the 156-mile journey between Grimsby and Washington - weeks after allies claimed his general election manifesto would be the greenest in history
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
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
Tougher financial accountability rules come into force in UK
Asset managers, independent financial advisers and hedge fund managers are lable for bans or nines
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.
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 […]
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.
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.
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.
Why Canopy Growth Stock Just Popped 11%
Canopy just crowned a new king of cannabis.
CGST collections miss target by 40% in Apr-Nov.
‘Registered 999 cases of GST evasion’
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.
Trump rips ‘Do Nothing Democrats’ on Twitter as impeachment hearings resume
After firing off more than 100 tweets or re-tweets on Sunday — mostly attacking Democrats and the impeachment proceedings targeting him — President Trump picked up where he left off on Monday as
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.
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.
Hearables fuel wearable shipment surge
The growing popularity of wireless ear and headphones pushed wearable shipments in the third quarter ...
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.
Kingdom calls on Japan to increase number of direct flights to Siem Reap, Phnom Penh
Cambodia is requesting Japan to increase the number of direct flights from Japanese cities and provinces to Phnom Penh and Siem Reap, so as to contribute to increasing cooperation and tourist numbers between the two countries.
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
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 […]
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.
Aim is to boost private investment, says CEA
‘Corporate tax rate cut will help’
Centre begins training States on piped water quality standard
Jal Shakti Ministry yet to respond on BIS draft quality control order
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.
Environmental group in Singapore pushes for sustainable palm oil use
Environmental group in Singapore pushes for sustainable palm oil use
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...
Kentucky Judge Accused Of Having Threesomes With Staff in Courthouse
According to reports, a Kentucky judge named Dawn Gentry has been accused of pressuring lawyers into having threesomes with her and a pastor who us...
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
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
Siptu and Unite members in Virgin Media vote to take industrial action
Virgin Media said it has not received any notification from the unions.
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
McLaren evaluating India entry
British supercar maker McLaren is looking to expand to our market in the coming years. Click here for all the details.
'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.
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.
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.
Doug Collins Shreds Schiff for No-Show: 'This Is Going Nowhere'
House Judiciary Committee ranking member Rep. Doug Collins (R-GA) blasted the Democrats' "focus impeachment" on Monday.
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.
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 […]
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 ...
PlayStation Now Australia release potentially teased by ad
The Australian release of PlayStation Now may have just been teased after an ad for the service was spotted on PS4 dashboards over the weekend.
Take Five: Euphoria to despair and back again
(Reuters) - 1/ELECTION NIGHT FEVER
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.
Tesco shares jump on possible sale of Asian business
Share price soars as grocery chain announces review of its Asian operations
N. Korea believed to test new rocket engine to provoke US
SEOUL, South Korea (AP) - A day after North Korea said it had performed a "very important test" at its long-range rocket launch site, there is wide speculation that it involved a new engine for either a space launch vehicle or a long-range missile.
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
Challenge to prison-needle ban postponed to Dec. 17
A court hearing to challenge the federal government's ban on needles for drug-using prisoners has been postponed to next week.
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.
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
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.
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.
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
Age of the rental: SOC as a service, IaaS, DaaS, HaaS
Challenging economic forecasts and complex local and global political outlooks has companies focused on sustainability, says Patrick Reeves, managing executive at Axiz.
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 ...
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
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.
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
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.
India rises one rank to 129 in human development index
Schemes such as Ayushman Bharat, PMJDY crucial for development, says UNDP official
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.
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 ...
Kenney aims for clear signs of federal action on two-day Ottawa trip
Alberta Premier Jason Kenney set out a dire picture of the economic and social impact of federal policy on Alberta Monday as he embarked on a two-day political trade mission in the capital.
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.
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
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.
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
Sowore: Wole Soyinka Centre Suspends Integrity Award For Osinbajo
The Wole Soyinka Centre for Investigative Journalism (WSCIJ), on Monday, announced that it is postponing the presentation of an Integrity Award to the Vice President Yemi Osinbajo amidst protests over repression of freedom of speech in the country.
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.
Creswick Woollen Mills: Huge upgrades unveiled
More than $1 million was injected into the tourist attraction
Feedback sought on Kingsley apartments
THE City of Joondalup is seeking feedback on an application for seven apartments on one lot in Kingsley.
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...
Longtime Edmonds resident leaves legacy at new senior center
Rose Mary Specht’s family donated her 25 solar credits from the PUD to the Edmonds Waterfront Center.
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
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
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.
SEGA Games' CEO models the new Sonic Puma trainers
Puma has been busy working alongside SEGA to make some hip and stylish Sonic trainers. The end result is fairly impressive given some of the wacky ideas they could have gone with. The Sonic the Hed…
TownePlace Suites by Marriott opened in Plano, Texas
PLANO, TX – Marriott International’s TownePlace Suites by Marriott Dallas Plano Richardson is now open for business. The new 86-suite hotel is built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the area. Located at 545 K Avenue, it will operate as a Marriott franchise, managed by Texas Western Hospitality of Addison, Texas. “We are excited with the continued growth of the TownePlace Suites brand in the Plano area,”
Why health care premiums are higher in rural places
Why do rural patients pay higher health care premiums? New research finds it's not primarily an issue of having too few doctors.
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...
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
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...
Pot Noodles urgently recalled by Food Standards Agency alongside Asda and Tesco supermarket products
Do NOT eat these items
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.
ICAC hears Huang was conduit for China's Communist Party
The disgraced billionaire offered to pay for a state dinner and sought to have Victoria sign an agreement with a Chinese province.
Florida Green Lodging Program awards Hutchinson Shores Resort & Spa a Three Palm Status
The Florida Department of Environmental Protection’s Green Lodging Program has awarded the coastal-inspired Hutchinson Shores Resort & Spa with a Three Palm Status, designating the resort as a facility committed to protecting the state’s natural resources. Hutchinson Shores Resort & Spa scored in the third highest percentile in the fields of sustainable communication and education, waste reduction, reuse and recycling, water conservation, energy efficiency and indoor air quality to achieve this commended award. Launched in 2004, the Florida Green Lodging
The 2019 CPhI Pharma Index Report
Examining this year’s industry performance
Big European firms ‘dodging China-US tariffs by shifting supply chains’
European companies are ‘settling in’ to the trade war, Chamber president says
Who is Henry Gabay, Derby County's potential new investor?
The London-based businessman is in advanced talks with the Rams about an investment partnership with current club owner Mel Morris
Winners of SHATIU honoured
The winners of the 5th edition of Sheikh Hamad Award for Translation and International Understanding (SHATIU) were honoured yesterday in a ceremony held at the Ritz-Carlton, Doha
Dart text alert system receives 145 messages in three months
Fireworks being set off on trains, passengers drinking and taking drugs, and people urinating on platforms are some of the issues raised with Dart security staff.
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?
Kenya’s President Uhuru Kenyatta comes up with 6 areas Africa and Caribbean countries need to join hands and put their money in
President Uhuru Kenyatta has outlined six key focus areas that need revamping in order to jump start industrial transformation of the African, Caribbean and Pacific (ACP) member countries.
Airbus stock outperforms Boeing as 737 uncertainty continues
Some expect Airbus’s shares to continue to benefit from the confusion in 2020.
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
Eskom Announces Implementation Of Stage 4 Load Shedding On Monday
The situation on the electricity front is not getting any better with Eskom now announcing it will implement stage 4 load shedding again from 10 am on Monday morning. The overwhelmed utility had planned to roll out stage 2 until 11 pm. But it said it lost additional units at some of its power stations. Eskom has […]
'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.
N. Korea believed to test new rocket engine to provoke US
While no rocket or weapons launch from North Korea was detected over the weekend, many foreign experts speculate that North Korea tested a new high-thrust engine, which is needed to launch bigger, more powerful rockets.
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
Gameloft UK shuts down
Update: Mobile publisher confirms layoffs in Brisbane, closed Manila office earlier this year
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
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 ...
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
Sowore: WSCIJ suspends award for Osinbajo - The Nation Newspaper
The Wole Soyinka Centre for Investigative Journalism has suspended the presentation of award to the Nigerian Vice President, Yemi Osinbajo ..
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.
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
DART security alert system receiving dozens of passenger texts each month
Fireworks being set off on-board, passengers drinking and taking drugs and people urinating on pl...
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.
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...
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.
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.
Stolen defibrillator found in Louth; One still missing in Wicklow
A potentially life-saving defibrillator, that was stolen from outside a shop in Co Louth, has been found.
Coal Scam: SC Asks SG To Suggest Names To Replace Special Prosecutor
The Supreme Court on Monday did not take kindly to the ED's request for changing certain investigating officers associated with the Coal-gate scam.Solicitor General Tushar Mehta had sought permission...
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),
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.
The decaying HDB lease, myth or reality?
The decaying HDB lease, myth or reality?
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...
Shropshire Star comment: True cost of so-called bargains
In recent years, trading standards officers across the region have seized millions of pounds worth of fake goods.
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.
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
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
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.
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
Oman vs Dubai: How does the cost of living compare?
Oman and Dubai may offer very different experiences
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".
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
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.