Economy 632
Letters for Nov. 29
Don’t speed and you won’t payRe: Police chief opposed to nixing photo radar, Nov. 27I have been caught speeding by photo radar more than once. Guess what? I was speeding.Reviewing photo radar on th…
An erupting volcano in Mexico forced KLM passengers to take an 11-hour flight from Amsterdam to ... Amsterdam
Passengers travelling on a KLM flight on Thursday were forced to endure an 11-hour journey that ended with them being dropped them off exactly where they started because of an erupting volcano.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Huawei plans legal challenge to latest US pressure: report
Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, a report said Friday.
Surge of activity in Auckland investment market - Colliers
A strong surge in activity over the last two months has contributed to a record year across all four offices that make up Colliers International’s Auckland Investment Sales team.
Daily Mail owner buys i newspaper for £50m
DMGT buys the newspaper from JPI Media, which took over Johnston Press last year.
Over 75% of the Digital Wallet Users in Bulgaria Are Men
Over 75% of the digital wallet users in Bulgaria are men. 31% of all consumers live in Sofia, 15% live in Varna, 6% - in Plovdiv.
Tories slammed by free market groups over state aid pledges
Business and free market groups slammed pledges today by Boris Johnson to expand state aid for businesses if the Conservative [...]
AmBank Group to disburse up to RM6b of loans in 2H 2020
KUALA LUMPUR, Nov 29 — AMMB Holdings Bhd (AmBank Group) targets to disburse up to RM6 billion in loans in the second half of its financial year ending March 31, 2020 (H2 2020), driven by the current positive sentiment in the industry’s loan growth segment. Chief executive officer Datuk Sulaiman...
November Portfolio Update - Prefs And Finance
This month saw a smaller amount of overall investments, mostly going into finance, some oil/energy, preferred stock, and other debt instruments.FX is somewhat improved, but still at prohibitive levels
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
NATO seeks to head off budget row saying spending is rising
BRUSSELS (AP) - NATO Secretary-General Jens Stoltenberg said Friday that European allies and Canada are spending even more than previously thought on defense, just days before U.S. President Donald Trump is expected to demand once more that other leaders boost their military budgets.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Downdetector.
Proposed EU-wide 'climate law' would set net-zero carbon target by 2050
Plan is part of ‘green new deal’ but campaigners say it is not enough to tackle climate crisis
Ethereum Express Launching New Projects For Over 48,000 Users
Featured The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the
Our fear of China is not loathing
Australia's leaders are right to keep their cool on China, but they must respond to the regime's intrusions into our democratic and other institutions.
Best Black Friday 2019 clothing deals as Topshop, ASOS and more release discounts
Black Friday is the perfect chance to save big on clothing, accessories, footwear and more from popular retailers
B.C. Transit advisories for Greater Victoria on Friday afternoon
B.C. Transit says there are potential issues with the following bus trips Friday morning: 8 Oak Bay - from Camosun College Interurban at 2:51 p.m. 11 UVIC - from Tillicum Centre at 3:31 . . .
Vegetable vendors in Vijayapura to resume trade
They have been protesting against eviction of hawkers from the Nehru Market Lane
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
Why 8th Senate rejected Buhari’s $29.96bn loan request – Shehu Sani
Sunday Aborisade, Abuja The chairman of the Senate Committee on Local and Foreign Debt in the 8th National Assembly, Senator Shehu Sani, has explained why the federal parliament rejected Preside...
India’s economic growth cools to six-year low
Slowdown in rate of expansion is latest sign of deepening gloom
QC gov’t warns customers not to indulge in ‘extra service’ in spas
Customers patronizing spas offering “extra service” will also be held liable and may face criminal charges, the Quezon City's top police official warned.
Good Weekend's Who Mattered 2019: Business
The corporate heavyweights speaking up on social issues: Atlassian boss Mike Cannon-Brookes, Qantas head Alan Joyce and retiring BHP CEO Andrew Mackenzie. Plus: our whistleblowers, and Melanie Perkins.
Minister: Malaysian film industry in for better times following co-production agreement with Australia
PUTRAJAYA, Nov 29 — The Malaysian film industry is in for better times following the signing of a co-production agreement between Malaysia and Australia in Sydney today. Communications and Multimedia Minister Gobind Singh Deo said that with the signing of the agreement, Malaysian productions will...
Seven Chinese universities in top 10 of QS Asia Rankings
QS Quacquarelli Symonds, a London-based higher education analyst firm, released on Wednesday its latest assessment of Asia’s 500 best universities
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Crypto Exchange Admits 'Missing' CEO Has User Funds Access Amid Exit Scam Fears
In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is.
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
Fears Cross Tay Link Road will not reduce congestion
Bridgend, Gannochy and Kinnoull Community Council (BGKCC) question impact
Euro snoozes through sleepiest week since launch 20 years ago
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
You could be fined £100 for using a petrol station car wash
Penalties have been issued
Ex-Bank Executive Linked to Trump Loans Commits Suicide
Thomas Bowers, who is said to have approved some of the financial services company's loans to President Donald Trump, has committed suicide.
Top news of the day: GDP growth slips to a six-year low of 4.5%, Pragya Thakur apologies for Godse remarks, moves privilege notice against Rahul Gandhi, and more
The major news headlines of the day, and more.
Taco Bell accelerates rollout despite Mexican stand-off
Fast-food giant Collins Foods will open its first Victorian Taco Bell restaurants in Hawthorn and South Yarra.
Academic Conference: World Symposium on Investment Research
It is an annual event taking place on the first Sunday and Monday of May in some financial centers around the globe.
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
Lufthansa: German airline not open to Qatar investment
DUBAI: Saudi Arabian and international investors have subscribed to the initial public offering of Saudi Aramco in huge numbers, with demand for shares in the world’s most profitable company exceeding the number of shares on offer. Financial advisers to the biggest IPO in history announced that bids to the value of $44.3bn (166.275bn riyals) have been received in total from
E.ON SE (ENAKF) CEO Johannes Teyssen on Q3 2019 Results - Earnings Call Transcript
E.ON SE (OTCPK:ENAKF) Q3 2019 Earnings Conference Call November 29, 2019 03:30 AM ET Company Participants Carsten Thomsen-Bendixen - Interim Head of Communications and Political Affairs Group Spokesma
Why We Should All Care About the Return of Toys "R" Us
Toys "R" Us, the venerable retailer that liquidated all of its stores last year, is having another go at it. Here's why we should pay attention.
Black Friday's Craziest Shoe And Fashion Deals: Adidas, Nike, ASOS, Platypus And More!
In case you hadn't already exhausted all your funds, Black Friday isn't done with you yet. Fashion, clothing and footwear are also on the menu. We're serving up the best deals across the country if you're looking for new sneakers or need to snap up a new look for an upcoming event. Check out the list below....
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
USD/INR Technical Analysis: Eases from weekly tops, up little around 71.60 region
The USD/INR cross built on the previous session's recovery move from near three-week lows and gained some follow-through traction on the last trading
The European Parliament Declares a Climate Emergency
EU should commit to net-zero greenhouse gas emissions by 2050 at the UN Conference, says Parliament. Ahead of the UN COP25 Climate Change Conference in Madrid 2-13 December, the Parliament on Thursday approved a resolution declaring a climate and environmental emergency in Europe and globally.
Annual inflation rises to 5.56pc as food prices continue to increase
NAIROBI, Kenya, Nov 29 - Kenya’s year-on-year inflation has risen to 5.56 percent, compared to 4.95 percent registered last month, as the price of food and alcoholic drinks increased. According to Kenya National Bureau of
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
Sugar companies' profit set to rise on firmer prices
The profit of sugar companies is expected to improve with prices firming up on the back of lower sugar production. Domestic sugar production for sugar season started in October was revised downwards
CEO of Crypto Exchange IDAX Global Disappears, Experiences “Impeded Withdrawals”
An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing "channel c
Business licences loom for short-term online rentals in Saskatoon
The options city politicians will consider include an outright ban on renting properties not occupied by host
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
Sensex hits 19 fresh highs in November, gains 665 points
The announcement of corporate tax reduction in the last week of September provided the much-needed trigger that lifted the market by around 4 per cent during the month and a little over 7 per cent till date
Minister urges Japanese investors to leverage Malaysia’s digital transformation push
KOBE (Japan), Nov 29 — International Trade and Industry Minister Datuk Darell Leiking is calling for Japanese investors to leverage on Malaysia’s push for digital transformation. He said Malaysia was committed to undertaking the digital transformation efforts, among others, through the National...
Bitcoin (BTC) Futures Markets Hit $5B Daily Volume
The Bitcoin (BTC) market has evolved to include the simplest kind of derivative financial products - futures contracts. Those markets now reach $5 billion
Chubarov: Silence about Crimea at Normandy Four summit could look as consent to annexation
Chubarov believes it is necessary to turn to partners, namely French President Emmanuel Macron and German Chancellor Angela Merkel.
SC ruling on AGR will lead to telecom sector’s collapse: FICCI
Cascading effect will be felt across several other sectors too
Better Buy: Square vs. American Express
A case of the turtle and the hare?
Humana: Patience Will Likely Achieve A Lower Buy Price
The only way an investor can realize a return from an investment in shares is through receipt of dividends and gains on share sales. I repeat - the only way.The best way to make a gain on sale of shar
Allbirds dropped 3 limited-edition sneakers for Black Friday — here’s your first look
Allbirds is dropping three new and limited edition styles of their Tree Runner today, November 29. They’re the first patterned runners the company has ever created.
Lebanon Crisis Wreaks Havoc on Syria's War-Torn Economy
A financial crisis in Lebanon has hit the economy of neighbouring Syria hard, choking off a vital source of dollars and dragging the Syrian pound to record lows. Shut out of the global financial system by Western sanctions, Syria's economy has depend
Domestic traffic for Air Passengers rises by 12pc – KCAA
NAIROBI, Kenya, Oct 29-The Kenya Civil Aviation Authority says there is an increase in passenger traffic at the Jomo Kenyatta International Airport with 12 per cent growth in domestic passengers and 7.6 per cent in
The Power of Green Public Finance
Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels. Climate change is the top political issue of our time. Scientists estimate that if we remain on our current path, we will experience global warming of 3-4°C by the end of the century, at which point large portions of the planet will be uninhabitable.
Does Kerala CM Fear Accountability? War With Centre Over Allowing CAG To Audit Kannur Airport Company’s Finances
CAG has been seeking the right to audit KIAL’s finances.
UK Black Friday transactions jump 12.5pc versus 2018, says Barclaycard
LONDON, Nov 29 — The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5 per cent versus last year, initial data from Barclaycard showed today, bringing some cheer to UK retailers in need of a tonic after a troubled year. Barclaycard, which processes nearly one pound...
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
India accounted for 22% of all visa-related searches to US in 2018: Survey
Overall, the top 10 countries accounted for nearly 56.5 per cent of all foreign visa-related searches in 2018, the report added
Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Traders are bearish on bitcoin after a 53% crash. More pain may be ahead but BTC offers features that make it a good long-term investment.
SAA dropped by leading travel insurer
The decision prompts Australian travel agency Flight Centre Travel Group to stop selling tickets for the airline.
If this is not recession, what is? Opposition slams govt after India's GDP growth dips | Reactions
Speaking at the National Economy Conclave, CPI(M) leader Sitaram Yechury referred to the recent GDP numbers and said, "This is the New India. This government wants a Hindu Rashtra which they want to do keeping states at bay."
GDP means 'Godse Divisive Politics' to BJP: Congress
Q2 GDP: Congress's 'Godse Divisive Politics' jibe comes after Pragya Thakur criticised Rahul Gandhi for calling her a terrorist
Reports: Arsenal make Premier League manager top target; talks already underway
Unai Emery was relieved of his duties by Arsenal early morning on Friday, November 29. The Spanish football coach had come under immense scrutiny after a poor run, during which the Gunners failed to win seven straight games. The club has now identified a Premier League manager as his replacement.
Top news today evening: India’s GDP slips further, Pragya Thakur’s apology and more
From India's GDP slipping to a 26-quarter low of 4.5 per cent in the second quarter to Pragya Thakur issuing apology in the Lok Sabha over Godse remarks, here are the top news of today evening.
Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Bill Evans: Australian dollar to keep falling as RBA cuts
Via Bill Evans of Westpac on the RBA and the Australian dollar:
NATO seeks to head off budget row saying spending is rising
BRUSSELS (AP) - NATO Secretary-General Jens Stoltenberg said Friday that European allies and Canada are spending even more than previously thought on defense, just days before U.S. President Donald Trump is expected to demand once more that other leaders boost their military budgets.
Hong Kong Airlines delays salaries as protests hit tourism
HONG KONG: Low-cost carrier Hong Kong Airlines said Friday (Nov 29) it will delay salary payments to some staff, warning its business has been ...
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Enphase: All Cats Love Fish But Fear To Wet Their Paws
Enphase Energy surprised us with victories it made this year. Revenue and operating income broke all records.The company offers us unprecedented growth, progressive technology of solar energy inversio
Greater balance in Christchurch industrial sector - Colliers
Christchurch’s industrial sector is recalibrating to a more balanced demand and supply profile, as construction activity dips slightly and local businesses expand and absorb existing space.
Worden Park toilets closed to public as Travellers refuse to leave car park
A group of travellers are refusing to leave Worden Park after setting up camp earlier this week.
Gold heads for biggest monthly drop in 3 years on US-China talks optimism
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
ET View: Time to boost demand, forget the fiscal deficit target
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
Demos and deals as Black Friday sweeps Europe
Climate activists staged protests across Europe on Friday to denounce the environmental toll of mass consumption, while shoppers hit the streets and the internet as retailers of all stripes touted pre-holiday bargains.
Hong Kong Airlines delays salary payments as protests take their toll
Hong Kong Airlines has delayed the payment of salaries for almost half of its staff members as widespread protests in the city have hit the carrier.
Rise of the machines: Why Australia's miners are racing for automation
An aerial picture from Jimblebar, one of BHP's biggest mines in the Pilbara, sums up its push to cut costs and increase productivity as iron ore demand falls.
Debt ETFs/index funds to have minimum of 8 issuers: Sebi
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
China limits number of rides drivers can offer through car-pooling services
China's Ministry of Transport said car-pooling services have to limit the daily number of rides drivers can offer through apps such as Didi ...
RBI may go for another rate cut as GDP slows to more than 6-year low
Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20
Fiscal deficit hits 102% of budget estimate till October
India Business News: The country's fiscal deficit hit 102.4% of 2019-20 Budget Estimate (BE) at Rs 7.2 lakh crore at the end of October. The fiscal deficit or the gap betw
SBI FXTRADE Expands Offering, Adds 8 New JPY Currency Pairs
SBI FXTRADE Co., Ltd. announced this Friday that it is expanding its FX product offering to include eight new currency pairs based on the Japanese yen.
Bulgaria Is among the Countries Which Export the most Grain
Bulgaria is one of the leading exporters of grain. Over the past year, it exported grain worth more than $ 1 billion, or a quarter of the country's total exports.
Costco’s website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco’s website crashed for several hours over Thanksgiving, and experts estimate that it could have cost the retailer as much as $11 million in sales.
Lebanon crisis wreaks havoc on Syria's war-torn economy
AMMAN (Reuters) - A financial crisis in Lebanon has hit the economy of neighboring Syria hard, choking off a vital source of dollars and dragging the Syrian pound to record lows.
3 Reasons Why Shorting McDonald’s (MCD) Stock Now Is a Bad Idea
Missing third quarter estimates and the firing of the CEO is why investors are short McDonald’s. There are reasons why you shouldn't.
Trading Forex in the Philippines
Time for Forex trading in the Philippines? Keep a wary eye on the local market and find a trading platform to make you a key player.
USD/JPY climbs to fresh six month highs above 109.60
The USD/JPY pair is inching higher ahead of the American session on Friday supported by the broad-based USD strength. As of writing, the pair was trad
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
C&I Leasing gets approval to list N539 million worth rights issue
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
More pain for German car industry as Daimler axes 10,000 jobs
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (USD 1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future. "The total number worldwide will be in the five-digits," Daimler personnel chief Wilfried Porth said in a conference call about the job cull.
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
Labour raises alarm over nation’s rising debt profile
Organised Labour has raised the alarm over the nation’s rising debt profile, saying there is the urgent need for the country to give in to well...
Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
The Gross Domestic Product growth fell to 4.5 per cent in the second quarter of the year 2019-20.
Oil to be stuck in a rut in 2020 as slowing demand fuels glut
Opec unlikely to opt for deeper output cuts.
India’s Core Sector Output Shrinks 5.8% In October, Lowest In Over A Decade
As many as six of eight core industries saw a contraction in output, indicating the severity of the economic slowdown in India.
December fuel price prognosis - a mixed bag for motorists | IOL Motoring
Petrol prices are set to increase slightly in December, while diesel is set to go down, according to month-end data.
O'Shea replaces Melville as RFU director of performance
Conor O'Shea, who stepped down as Italy head coach earlier this month, is to become the English Rugby Football Union's director of performance.
Hut 8 Purchases 9 Data Centers from Bitfury for $7 Million
Hut 8 Mining Corp on Thursday announced the acquisition of nine Blockbox AC data centers from the BItfury Group, costing $7 million.
Why This Top Aerospace Stock Is Poised to Fly Higher
One of the best-performing industrial stocks of the last decade shows no signs of slowing down.
Month of rail strikes starts on Monday and will disrupt Christmas trains
Dispute is over guards on South Western Railway trains
Loan fraud case: two former bank officials, seven borrowers jailed
Convicted duped the bank to the tune of ₹43.21 lakh: CBI
PSD decries PNL's social experiments with establishing minimum wage
The Social Democratic Party ( PSD ) argues that the calculation model proposed by National Liberal Party (PNL) for establishing the minimum...
Block Friday: French activists try to disrupt discount shopping day
PARIS, Nov 29 — Activists staged protests against online retailer Amazon around France today and tried to blockade a shopping mall in Paris, denouncing as rampant consumerism the US Black Friday shopping frenzy that has spread to European shores. French companies have embraced the discount...
BPCL Privatisation: DIPAM Appoints Deloitte As Adviser For Strategic Sale Of India’s Second Largest Oil Refiner
Some global petrochemical giants, including Saudi Aramco have expressed interest in the assets of BPCL
62% people in Tamil Nadu paid bribe to get work done: Survey
As per an India Corruption Survey which was carried out by Transparency International India and Local Circles this year, 62% of the people surveyed from Tamil Nadu admitted that they had resorted to bribery to get their work done.
War Machines: Spitfire and Hurricane in the Battle of Britain
One of Germany’s essential steps for European domination in World War II was to control the British isles, which it tried to do in the summer of 1940 using air warfare almost exclusively.
Mining industry is the bulwark of Ghana's development - Koney
news, story, article
Concerns that thousands spent on Jobseekers forced to do JobPath programme for a fourth time
The two private companies operating JobPath have been paid €207m.
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
MP CM Kamal Nath attacks BJP, Pragya Thakur over remarks on Godse
Amid opposition ruckus, Thakur on Friday made a fresh statement in Lok Sabha, apologising for her remarks on Godse. 'I want to say only what I do for the country. On November 27, during discussion on SPG (Amendment) Bill, I did not call Nathuram Godse a patriot (desh bhakt), I did not even take his name. Still if some
Goldman Sachs: Pound Sterling seen Above 1.20 vs. Euro and 1.30 vs. Dollar on Swift Brexit Resolution Following Conservative Majority
Foreign exchange analysts at Wall Street investment bank Goldman Sachs have updated their views on the British Pound, saying the currency can move notably higher than current levels were a Conservative majority delivered in the upcoming December 12 election
Kevin Greenard: Ten reasons to be cautious with Canadian equity ETFs
An ETF is a commonly used abbreviation for Exchange Traded Fund. Canada was the first country to launch an ETF in 1990 with one provider. Known as the S&P/TSX 60 Index, it essentially held the . . .
Shopping in these 4 popular Malaysian cities just got a lot easier for Singaporeans with NETS ATM cards, Business Insider - Business Insider Singapore
Business Insider - NETS ATM cards can now be used in Malaysia across 7,400 PayNet acceptance points - but only in these 4 cities.. Read more at businessinsider.sg
India’s economic growth falls to 4.5% in July-September quarter – the slowest in over six years
This is the sixth straight quarter of slower growth. The GDP grew just 5% in the April-June quarter.
Huawei plans legal challenge over exclusion from federal subsidies in US
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund
Is Vietnam too cautious when setting economic development goals for 2020? - VietNamNet
Many economic targets set for 2020 are lower in comparison with real implemented levels.
Huawei plans legal challenge to latest US pressure: report
Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, ...
Gun sales expected to increase for Black Friday
Guns are expected to be a hot item during the holiday shopping season.
Q2 GDP: Fiscal deficit of 3.9% realistic, says Uday Kotak
The just released GDP data for the second quarter (July-September) shows that the growth has gone down to 4.5 per cent (the lowest in six years) from 5 per cent in the first quarter (April-June)
The Frugal REIT Investor
Wealth is not the same as income. Wealth is what you accumulate, not what you spend. Thomas Stanley.The foundation stone of wealth accumulation is defense. Thomas Stanley.Investors must select stocks
EU to be more 'assertive' says new chief Michel
Europe will become more
Former AIB boss David Duffy pay rises 84% to £3.4m as head of Virgin Money
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
Government reviews stamp duty charge
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 29): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).This was despite its revenue contracting 25.6% on year to RM110.18 million during the quarter under review from RM148.18 million in 3QFY18, due to the completion of its 49 megawatt (mW) solar photovolatic energy plant at Sungai Siput, Perak in November 2018, and the slow progress
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
news, story, article
We are in a virtual free-fall: Congress on GDP growth slip
'India's GDP has collapsed to an abysmal 4.5%. We are in a virtual free-fallWe are in a virtual free-fall. This is the lowest GDP quarter in 6 years. But why is the BJP celebrating? Because their understanding of GDP (Godse Divisive Politics) suggests double digit growth levels. All in the perspective,' he said on Twi
Wary of China, Germany plans rapid state intervention to protect key industries
BERLIN (Reuters) - Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
Lukoil: Solid Q3 Results Ensure High Yields
Lukoil performed better than expected in Q3 2019.I expect Lukoil to generate strong FCF in the medium term.Lukoil is one of the best quality stocks in the Russian stock market.
Sod turned on two Kerry greenways
Funding of €6.5 million for the cycleways is being supplemented by an increase in the local property tax.
Despite growth in govt expenditure, GDP slowdown continues
The economic activities which registered growth of over 4.3 per cent in Q2 of 2019/20 over Q2 of 2018/19 are 'Trade, Hotels, Transport, Communication and Services related to Broadcasting' 'Financial, Real Estate and Professional Services' and 'Public Administration, Defence and other services'
David Warner, Marnus Labuschagne continue to dominate Pakistan
Yasir Shah and Muhammad Musa have a rough time, conceding runs at 6.21 and 5.46 respectively | ESPNcricinfo.com
Okowa to Revenue Board: Carry out reforms to enhance revenue generation
Delta Governor, Senator (Dr.) Ifeanyi Okowa, has charged the state’s Board of Internal Revenue to carry out reforms that would enhance revenuet.
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
GDP growth slumps to 6-year low of 4.5% during July-September
Dragged by dip in consumption and exports
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
The Dark History Behind Black Friday Revealed
History Behind Black Friday -The retail bonanza known as Black Friday is now an integral part of many Thanksgiving celebrations.
Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October.
Daimler to cut ‘thousands’ of jobs by 2022 to fund electric shift
Frankfurt am Main, Germany | AFP | Luxury automaker Daimler on Friday said it was scrapping “thousands” of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs as …
Malaysians are an extremely worried lot, says a survey
Malaysians are an extremely worried lot, says a survey
Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday
TOKYO (Reuters) - Japan’s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.
India offers funds to Sri Lanka in bid to outdo China
India, anxious to counter China's influence in the region, on Friday offered hundreds of millions of dollars in aid to Sri Lanka as the island's new president made his maiden overseas trip in New Delhi.
Some Uber Drivers Use Bogus Identities and Shared Accounts
An anonymous reader shares a report: Uber faced a blow on Monday when London regulators refused to renew the ride-hailing company's operating permit because of safety concerns. The biggest issue lawmakers cited was drivers using false identities as they ferried unsuspecting passengers. At least 14,0...
Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss
United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant's motion to dismiss the case in a US
‘Winter is coming’: Synergy, transformation crucial for growth, says BI
Reiterating the President's notable Game of Thrones analogy, the Bank Indonesia governor stressed that structural transformation was vital to facing the coming "winter" in the global economy.
Jack Wills is open again in Newcastle - with a new Eldon Square store
Jack Wills closed its Blackett Street store earlier this year - but has opened in Eldon Square, as has Electronic giants Samsung
Briefly on farming and agribusiness
From around the country, a collection of brief news on developments in farming and agribusiness
Equities Slip While Investors Mark Time
The eurozone reported its preliminary estimate for November CPI rose more than expected.Germany surprised by a decline in November unemployment queues, which slimmed by 16k.The euro is stuck near its
Will Britain Lease Its New Aircraft Carriers to the U.S. Navy?
To offset a shrinking defense budget, the British military is considering whether to lease a carrier to the Americans, according to British media. The instigator of the scheme? The British Army,
Malaysians can now use MyDebit ATM cards at some shops in Singapore
Cross-border payments between Singapore and Malaysia just got a huge boost, after the Republic’s NETS and Malaysia’s PayNet announced that their payment terminals can now accept each other’s cards.
Huawei plans legal challenge to latest US pressure: Report
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund. It also proposed that other service providers be required to cancel or replace existing services and equipment from the companies. Huawei plans to file a lawsuit in the United States next week.
PIMCO Enhanced Short Maturity Active ETF: A 'Better Than Cash' Alternative
MINT is a low-risk bond-based exchange-traded fund with a focus on capital preservation and liquidity while offering yields above Treasuries through a monthly dividend.Actively managed strategy is uni
Sasol scores ‘own goal’ as climate pressure mounts in SA
Company could face legal challenges if it continues to refuse votes on the issue.
South Korea cuts growth forecast to lowest in decade
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a ...
We commit to uninterrupted power supply - GRIDCo Chairman
news, story, article
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
SA unveils R900bn plan to tackle water shortages
A separate unit will be established to finance, manage and operate the national water infrastructure.
Why Bitcoin Price May Soon Jump 15% to $8,500: Trader Who Foresaw Decline to $6,600
It may have been Thanksgiving on Thursday, but Bitcoin (BTC) held its ground, managing to make a number of key time frame closes above the key $7,400
Dayton traffic from the WHIO Traffic Center
Check this page for a full list of crashes, disabled vehicles, construction projects and other hazards affecting your commute.
Most Read articles – Panasonic exit, Intel Connectivity, RISC-V relocation
Time once again to see what are the five most popular articles on ElectronicsWeekly.com that were written in the last week, according to the objective truth of Google Analytics. See what your peers have been reading recently.
BI on the lookout at airports for OFWs bound for Iraq
Bureau of Immigration (BI) Commissioner Jaime Morente ordered yesterday immigration officers at the Ninoy Aquino International Airport (NAIA) and other ports to rigidly screen Filipinos traveling to Dubai to stop them from going and working in Iraq which is already the subject of a deployment ban due to the peace and order problem there.
More pain for German car industry as Daimler axes 10,000 jobs
Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.
Labour Making 'Pure Bermuda Triangle' Claims That NHS Can be Sold Off to the US, Boris Johnson Says
UK Labour Party leader Jeremy Corbyn previously revealed a 451-page packet of documents allegedly showing how the Conservatives had tried to "sell" the country's National Health Service (NHS) to US companies.
Protests and bank borks meddle with Black Friday retail nirvana
Friday I'm in debt
Wettest monsoon in 25 years could lift 2020 wheat output to a record high
India received monsoon rains during the June-September season that were 10 per cent above average
Black Friday sparks worldwide backlash from politicians, activists
PARIS — People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in
Premier League consider the future of incoming chief executive David Pemsel following allegations made about his private life
The Premier League is considering the future of incoming chief executive David Pemsel following allegations made about the organisation’s new leader’s private life this week, Telegraph Sport understands.
Focus on Lewisham: New social scene sparks interest from first-time buyers
Although it is a relatively unassuming corner of South East London, Lewisham has been the birthplace of a wealth of musical talent: Cream drummer Ginger Baker, Rolling Stones bassist Bill Wyman and Sex Pistols frontman Sid Vicious were all born there.
Economic Crisis: GDP Growth Falls to 4.5% in July to September, Lowest in More Than 6 Years
India was the world’s fastest-growing economy until last year, posting quarterly growth rates of as high of 9.4% in 2016.
Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Donohoe responds to corporation tax warnings
Ireland will have to prepare for a fall in lucrative corporation taxes in the coming years, the Finance Minister admits.
Rupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
Daily Mail owner buys i as UK regional market consolidates
DMGT to pay £50m for national daily that belongs to indebted JPI Media
India's fiscal deficit touches Rs 7 trillion, surpasses annual target in seven months
India’s fiscal deficit in the first seven months through October stood at Rs 7.2 trillion, or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.
Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants
Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of about 140% from last year, when the company signed up 25,000 new customers. Klarna says the new merchants include major companies such as Abercrombie & Fitch, Expedia, H&M, River Island,
EUR/JPY recedes from tops, meets resistance around 120.60
Further downside in the Japanese yen coupled with steady-to-bearish sentiment around the European currency leave EUR/JPY stuck within the daily range
Swiss firm Zurich airport to develop Jewar airport, outbids DIAL, Adani
Jewar Airport or the Noida International Greenfield Airport will come up in the 5,000-hectare area when fully constructed and is estimated to cost Rs 29,560 crores, Nodal Officer for the Project.
No provision for financial aid to family of farmers who commit suicide
Agriculture credit targets have also been enhanced from Rs 9 trillion in 2016-17 to Rs 13.5 trillion in 2019-20
RBI files insolvency application against debt-laden DHFL
DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors
Crop insurance
IF many of the country’s small farmers, particularly in far-flung communities, remain uninsured, blame it on inadequate resource base and outreach of the Philippine Crop Insurance Corp. (PCIC).
Barratt hails £250m-plus injection to Scots economy
Housebuilder Barratt Developments’ Scottish operations have delivered a £256 million boost to the economy over the past year, marking a double-digit hike on 2018.
8 buses to ferry cops to SEA Games duties
NATIONAL Capital Region Police Office director, Brigadier General Debold M. Sinas, on Thursday accepted an offer by a giant transport company to provide eight of their buses to shuttle Metro Manila policemen tasked to provide security during the 30th SEA Games for free.
Here’s Where to Spend Crypto Online This Black Friday
As Black Friday 2019 gets underway, what are your options for getting the best bang for your Bitcoin?
Bharti Airtel to seek board nod on December 4 for raising funds
The board will also evaluate raising of funds through debentures, non-convertible debt instruments along with warrants, convertible debentures , securities or any other equity based instruments including through qualified institutions placement or rights issue, or through any other permissible mode
GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters
The slump was mainly on account of a weak manufacturing and a drop in exports.
PM scrambles to spur growth; India braces for GDP shock
By Vrishti Beniwal The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had
Takealot takes flak over Black Friday deals
Consumers take to social media to slam local online retailer over its “insignificant” discounts.
Shafie leverages on Sabah’s geographic location to lure Japanese investors
KOTA KINABALU, Nov 29 — Sabah Chief Minister Datuk Seri Mohd Shafie Apdal began the first leg of his trade mission in Japan today addressing 200 investors and businessmen from 140 companies in Kobe, Japan by spelling out investment opportunities available in Sabah. He delivered the keynote...
GDP growth plunges to 4.5%, lowest since 2012
Official says fundamentals are strong, numbers will pick up.
Judge rules Mahindra Roxor similar to Jeep, violates Fiat Chrysler's Jeep trade
FCA has further filed counterclaim before the Eastern District Court of Michigan for permanently ceasing the sales of Roxor in the states
India's GDP Growth Drops To 4.5%, Lowest In 26 Quarters
The data comes two days after Nirmala Sitharam on Wednesday quelled fears about the Indian economy going into recession.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published at 13:30 GMT. Statistics
CSO figures reveal renters more likely than homeowners to be in 'consistent poverty'
Renters were found to be more likely to be notably suffering financially as a result of moving out.
Uganda asks more Asians to grab available investment opportunities
Uganda’s Vice President Edward Kiwanuka Sekandi has called upon Arab Countries mostly people from the United Arab Emirates (UAE) to rush and grab the plenty of investment opportunities that the country beholds. This was during the 5th Edition of the UAE – Uganda Trade and Investment Forum that was held at Sheraton Hotel and organized by the Sharjah Chamber of Commerce. It attracted over 22 companies from UAE who came to look for trade and investment opportunities in Uganda. Alex Onzima, a Minister of State in the Vice President’s office highlighted the need for trade performance between the two sister countries while representing the Vice President Sekandi. “We believe that what Ugandans and Africans need to develop is Trade, foreign Investments and access to markets but not Aid.
Present Equity Valuations Suggest Negative Returns For Next Decade
In terms of Buffett's self-proclaimed favourite value indicator, as shown below, the S&P 500 is now priced at 144% of US GDP, far above the 2007 top, and near the short-lived highest-ever valuations i
Fears for Oldbury site as Npower restructuring could cost thousands of jobs
Energy giant Npower has announced plans to restructure its UK business, leading to the loss of up to 4,500 jobs and the closure of a number of call centres.
Chinese investments in Malaysia halve, US inflow soars, new govt data reveals
KUALA LUMPUR, Nov 29 — Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the...
Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
"We can significantly increase our bilateral trade from the present level of about USD 7 billion. Besides, mutual investment can also flourish in a number of areas, including ports, airports, highways, metro rails, telecommunication, petroleum products and hydel power," Assocham President B K Goenka said.
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
Swedish economy ups pace in Q3, supports Riksbank hike plans
STOCKHOLM — Sweden’s economy accelerated slightly in the third quarter from a tough start to the year, data showed on Friday, providing some support for the central bank’s plan to increase the benchmark rate at its meeting in December.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
TSRTC workers resume work; CM Rao to hold meet with staff on December 1
The Chief Minister will discuss threadbare all the issues related to the RTC
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
Wagners secures contract for Adani’s Carmichael mine
Wagners has secured a contract from Adani Mining to deliver a quarry operations package for the Carmichael project in the Galilee Basin.
Bonanza Creek Energy: Strong Operational Performance Adds To Its Value
Bonanza Creek has delivered at the high end of production expectations while spending towards the lower end of its original capex budget.Production growth may be lower in 2020 as it attempts to minimi
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
What Japan's next stimulus package should aim for
The government's challenge will be to put together a spending package that shores up consumer spending and increases the economy's growth potential.
Vanguard International Dividend Appreciation ETF: Exposure To High-Quality Foreign Stocks
VIGI screens for non-U.S. stocks with at least a seven-year consecutive history of increasing the dividend amount.Fund has outperformed some other widely traded foreign stock ETFs in recent years.VIGI
Business Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
HSBC and Santander customers set for refund
The competition watchdog says the banks failed to send text alerts to customers about to go into the red.
Pakistan to Debut Chinese Yuan-Denominated Panda Bonds Worth $1 Billion
New Delhi (Sputnik): China’s Panda Bonds are onshore products that help international borrowers to explore domestic yuan investors. These yuan-dominated notes are sold by non-Chinese issuers.
Shopee's Desaauto@KPLB to sell automotive products, aid rural economic growth
KUALA LUMPUR: Following the success of Desamall@KPLB, Shopee, in collaboration with the Rural Development Ministry and ELokal, launches Desaauto@KPLB, an automotive e-store.
How Bitcoin Miners Are Not Causing The Price Plunge
When bitcoin starts to turn south and the selloff intensifies, fingers start pointing. The crypto community wants to blame something ...
Audited Reports: CBN, FIRS, others flout Senate’s 7-day ultimatum
The CBN, FIRS and other government MDAs have flouted the 7-day ultimatum for the submission of audited reports issued by the Nigerian Senate.
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Top headlines: Q2 GDP growth slips to 4.5%, CEA defends tax cut & more
From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day
Bengaluru flat case: Enforcement Directorate attaches land worth ₹7-crore in Tamil Nadu
Agricultural land worth about ₹7 crore in Tamil Nadu’s Nilgiris district was attached by the Enforcement Directorate in connection with a money-laundering probe linked to an alleged flat buyer’s cheat
Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation
Vinted, a social marketplace for pre-loved clothing, has taken the spot as Lithuania’s first tech unicorn, after raising a stellar €128 million. The funding round was led by new investor Lightspeed Venture Partners, with participation from existing backers including Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments. Funds will be used to boost product development and rocket rapid growth across Europe.
Oil mixed amid slow holiday trade before Opec+ meeting
West Texas Intermediate (WTI) futures were up 4 cents, or 0.1 per cent, at $58.15 a barrel.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
'Unemployment at its peak': Stalin slams Centre for lack of jobs, layoffs
As many as 7,000 graduates including engineers have applied for 549 posts of sanitary workers advertised by the Coimbatore City Municipal Corporation after which Stalin called for intervention
Water master plan to guard against drought in South Africa
SA's water master plan outlines a series of urgent steps to be taken and implemented in order to address systematic and infrastructural challenges.
Ringgit ends slightly lower against US dollar
KUALA LUMPUR, Nov 29 — The ringgit ended slightly lower against the US dollar today in line the decline in global crude oil prices which affected the local note’s valuation, said a dealer. At 6pm, the ringgit settled at 4.1750/1780 against the greenback compared with yesterday’s close of...
Don’t buy the hype about a looming bacon shortage
Some reports have indicated that there could be a bacon shortage in 2020, but one economist isn't convinced you need to freak out about your breakfast fave.
Euro-Area Inflation Quickens, But Remains Far Below ECB's Goal
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast.
More than half of EU consumers have environmental impact in mind when shopping
Today the European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU; that consumers are more aware about their environmental footprint; and that consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, […]
Renault-Nissan to reboot alliance with new overseer
PARIS (Reuters) - Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
We are ‘determined’ to return to winning ways, says striker Afif
Qatar aim to put behind them their disappointing opening match loss against Iraq and come back strongly against Yemen, said striker Akram Afif (pictured).
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
INS: 2.1pct drop in the number of building authorizations for residential buildings, in Jan-Oct
The number of building authorizations for residential buildings decreased by 2.1 per cent, in the first ten months of the year, compared with...
IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge
A California federal court has affirmed the legitimacy of the U.S. tax authorities’ summons for data from crypto exchange Bitstamp in connection with an individual tax reporting case.
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Bokio, the Swedish startup simplifying accountancy with AI, raises €4 million round led by Creandum
Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4 million.
Audi's Bold EV Future Comes At A Sacrifice
Investing in something as big as electric vehicles including the infrastructure, technology, and plant re-t...
No online access to accounts at NatWest, RBS and FirstDirect
It is one of the busiest shopping days of the year - and pay day for many
Nigerians React As Arsenal Sack Emery, Appoint Ljungberg Interim Manager
Several reactions have trailed the sack of Unai Emery by Arsenal on Thursday and the immediate appointment of Freddie Ljungberg as the interim head coach.
Cree's CEO Talks About His Firm's Big 5G and Electric Car Opportunities
During a talk with TheStreet, Cree CEO Gregg Lowe shared plenty of details about the growth opportunities in front of his firm's Wolfspeed power semiconductor and materials unit.
Armagh tile solutions company create 20 new jobs in Dublin with €3m investment
Armatile announced plans to create 20 new jobs and invest €3m in a new luxury showroom and design hub in Dublin.
East Asia's political vulnerability
To avoid Latin America-style political crises, East Asian governments must ensure that their economic policies support equitable growth.
Why 8th NASS rejected Buhari’s $30 billion loan request – Shehu Sani
Former chairman, Senate committee on local and foreign debt in the senate, Senator Shehu Sani has explained why the request by Nigeria President Muhammadu Buhari to borrow $30 billion was turned down by the 8th Senate.
NatWest and RBS down, infuriating Black Friday online shoppers
With Black Friday sales underway, bargain-hunting customers of RBS and NatWest have been frustrated by a spate of online and mobile crashes disabling access to accounts.
The truth behind myths
It’s a blustery autumn Sunday and there isn’t much going on so you decide to turn on the television. You are all caught up on “The Game of Thrones” so why not tune into HGTV? There are a lot of great shows on there and besides, you were thinking of doing a few Real Estate investments anyways. Although HGTV is very entertaining, sometimes educational, sometimes inspiring, there are a lot of things you need to be careful of when making sound choices in Real Estate. Below are 5 big Myths of HGTV when it comes to Real Estate.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Daimler to ax at least 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. It marks the third announcement on cost cuts this week by a major German car company as
BREAKING: Arsenal Boot Out Coach Unai Emery…Freddie Ljungberg Now In Charge
English Premiership side Arsenal have confirmed a decision has been taken to part company with head coach Unai Emery and his coaching team. In a statement, the club said, We announce today that the decision has been taken to part company with our head coach Unai Emery and his coaching team. Speaking on behalf of …
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
USD/CAD edges back closer to 1.3300 handle, focus shifts to Canadian GDP
The USD/CAD pair edged higher during the early European session on Friday, with bulls making a fresh attempt to reclaim and build on the momentum beyo
In a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
Govt accounts show strong debt position, impact of tax timing changes
Govt accounts show strong debt position, impact of tax timing changes
Will take ties to new level, says Gotabaya Rajapaksa
In a dialogue with newly elected Sri Lankan president Gotabaya Rajapaksa on his three-day tour to India, Prime Minister Narendra Modi announced a line of credit of USD 400 million for development projects in Sri Lanka besides granting a separate fund of USD 50 million to help the country deal with challenges of terrorism.
Early shoppers beat Black Friday rush
Hardy and deal-hungry shoppers lined up Thursday outside JCPenney at Penn Square Mall, waiting in the cold and occasional rain for the doors to open at 2 p.m. so they could snap up an air fryer or two, various electronics and big-discount clothes. “Honestly, with the Black Friday deals you get on clothes, it makes it worth it, getting a little elbow room,” said Ryan Johnson, who shopped with his wife, Jazzlyn. “Black Friday before too long is gonna start in October.” Black Friday has long been a favorite shopping day for gift-shopping Americans, or in some instances when shoppers sought just to treat themselves to something nice.
SCHOTT Glass to double capacity at Jambusar plant in Gujarat
Commits to infuse Euro 26 million by next year
Govt accounts show strong debt position
Hon Grant Robertson
French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the record 1.1 million premises passed in the previous quarter. Overall, 16.7 million premises had access to FTTP services, up 34 percent year-on-year, said regulator Arcep in its latest fixed broadband report.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Arsenal Sack Unai Emery, Name Ex-Winger As Interim Manager
Arsenal have sacked head coach Unai Emery after the club's worst run of results since 1992, Concise News reports.
Table tennis: Sathiyan reaches main draw of ITTF World Cup after wins over higher-ranked paddlers
Sathiyan, the country’s top-ranked paddler, is the only Indian in action at the prestigious season-ending tournament.
Chinese investments in Malaysia halve, U.S inflow soars
Chinese investments into Malaysia halved to $1.7 billion in the first nine months of the year from a year ago, though U.S. investments soared seven times to $5.9 billion - reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the Malaysian Investment Development
China holds out carrot ahead of Taiwan election, but few convinced
China is stepping up efforts to be nice to Taiwan ahead of key elections on January 11, offering better treatment to Taiwanese in China and urging the democratic island to "come home", but many there only see Beijing wielding a threatening stick. China denies interfering in elections in Taiwan, which Beijing claims as sacred territory, but it traditionally tries various means to influence their result, hoping politicians with a more positive view on China ties get into office.
IOB elevates Bhuwan Chandra as CFO
Public sector Indian Overseas Bank has announced the elevation of Bhuwan Chandra as its Chief Financial Officer with effect from December 1. Chandra succeeds Radha Venkatakrishnan who is superannuatin
BMW Builds a Plant for Electric Cars in China
Luxury German carmaker BMW on Friday said it would build fully electric models of its Mini cars at a new plant in China, as it kicked off a joint venture with Chinese partner Great Wall Motor. About 160,000 vehicles are are set to roll off the assembly line at the planned factory in the city of Zhangjiagang in Jiangsu province, Tech Xplore reported.
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
Dark times: Eskom Has A R50 Billion Shortfall
JOHANNESBURG – Eskom on Thursday said it needed to come up with a way to address the R50 billion shortfall it had accumulated this past financial year. The power utility projected that it would lose R20 billion by the end of the year. Its operating costs are over R30 billion. Eskom’s CFO Calib Cassim said […]
BARMM to benefit from intensified trade in BIMP-EAGA
COTABATO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will benefit mainly from intensified trade between the Philippines and its counterparts in Malaysia, Brunei, and Indonesia under the 25-year old Brunei Darussalam Indonesia Malaysia Philippines East ASEAN Growth Area (BIMP-EAGA) corridor.
PwC probe finds executives at Tongaat overstated profits, assets
Executives used 'undesirable accounting practices'.
Ola restructuring biz over IPO to cost 250 jobs: Report
The spokesperson added that the restructuring is aimed at becoming "more nimble and have a sharper focus on growth and profitability".
Empty streets on Black Friday as customers choose to shop online instead
Black Friday got off to a very, very quiet start this morning.
Sage Group acquires London-based CakeHR to strengthen its SaaS offering
CakeHR, the London-based provider of cloud HR solutions, has been acquired by Sage Group, a legacy business software company in the UK that is transitioning to SaaS. Founded in 2012, CakeHR allows companies, particularly small businesses, move key areas of HR management to the cloud. For the 27,000 users around the world, the SaaS suite […]
Moscow Accuses NATO of Luring Extra-Regional Nations Into Military Activities in Arctic
MOSCOW (Sputnik) - NATO increases military and political tensions in the Arctic region through encouraging extra-regional nations to engage in military activities there, the Russian Foreign Ministry's ambassador-at-large for international Arctic cooperation, Nikolai Korchunov, said.
LTFRB to review Grab’s fare structure
Following the P23-million fine imposed by the Philippine Competition Commission (PCC) against Grab Philippines, transport regulators will review the ride-sharing firm's fare setting scheme to determine any violation on existing agency policies.
German Amazon workers strike on ‘Black Friday’
FRANKFURT AM MAIN, Nov 29 — Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its “Black Friday” sales bonanza, escalating a long-simmering battle for better pay and working conditions. The strike called by the powerful Verdi union is set to last...
Hong Kong to allow airlines to keep airport slots despite cutting capacity
HONG KONG: Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to ...
Eurozone Preliminary CPI arrives at +1.0% YoY in Nov vs. +0.9% expected - EUR/USD unfazed
More to come ....
Satoshi Nakaboto: ‘Bakkt Bitcoin future trades hit daily record of $42.5M’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
Share Market highlights: Sensex ends 336 points down, Nifty near 12,050; Yes Bank, HUL top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty receded from record high levels on Friday, tracking weak GDP data outlook.
Big challenges for small business debated at APEC Forum next week
The big challenges for New Zealand small businesses, including mental health risks, cashflow and support for women-led businesses will be under the spotlight next week at the APEC SME Productivity and Performance Forum in Wellington.
Overseas experts criticize US signing of Hong Kong-related act into law
Political experts worldwide and overseas Chinese communities have criticized the signing of a Hong Kong-related act into law by the United States, saying the move interferes in China's internal affairs.
Black Friday sees fewer shoppers in US stores as spending moves online
TRIPOLI: Libya’s National Oil Company said Thursday production had resumed at a key field in the southwest a day after it was interrupted by fighting there. “Following the cessation of military activity at the (Al-Feel) oilfield, production has resumed,” the NOC said in a statement on its website. Forces backing eastern-based strongman Khalifa Haftar, who seized Al-Feel
Do Activist Investors Create Value?
The exchange-traded fund industry is expanding its product range to all investment strategies and grabbing more and more market share from the mutual fund sector.Activist investing isn't a new phenome
India announces $400 million loan for Sri Lanka, in support of new president
NEW DELHI (Reuters) - India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation’s new President Gotabaya Rajapaksa aimed at improving bilateral ties.
India Cuts Purchase of P-8 Spy Planes From US in Half
New Delhi (Sputnik): The Indian Navy had originally asked for 10 P-8I aircraft in a bid to deploy more spy planes to crucial points in the Indian Ocean region under “Mission Based Deployment”. However, the Defence Ministry has now decided to cut the request in half due to budget constraints.
Natwest, RBS Facing Black Friday IT Wobbles as Services Go Down
Royal Bank of Scotland (RBS) and Natwest are both facing IT issues this morning with thousands of customers unable to access accounts. With RBS down...
The U.S. Navy Would Have Been Stacked with Battleships If 1 Thing Never Happened
Any guesses?
GDP growth slows down to 4.5% in Q2, hits more than 6-year low
India's Q2 GDP Growth 2019: DEA Secretary Atanu Chakraborty and CEA KV Subramnaian said that the fundamentals of India economy remain strong and the GDP growth rate is expected to bounce back in the third quarter of this fiscal
Chinese investments in Malaysia halve, US inflow soars
KUALA LUMPUR (Nov 29): Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes.Data provided by the Malaysian Investment Development Authority (MIDA) to Reuters on Friday showed that China, traditionally the Southeast Asian country's biggest investor, has now slipped to third position behind the United States and Japan.Foreign
Reach share price jumps as Mirror owner pulls out of JPI talks
Shares in the publisher jumped higher in early trading after it also reported a 4.4% decline in revenue for the five months to November 24.
Nigerians React To Sacking Of Emery As Arsenal Manager
Several reactions have trailed the sack of Unai Emery by Arsenal on Thursday and the immediate appointment of Freddie Ljungberg as the interim head coach.
Posta looks to digital boxes to overturn bad fortunes; hopes to increase revenue by Sh1.5bn
NAIROBI, Kenya, Nov 29- The Postal Corporation of Kenya is now targeting to increase its revenues by Sh1.5 billion through digital boxes after it witnessed a fall in letters during the last financial year. According to
The Death of FX Volatility
Volatility in the Euro-Dollar exchange rate reached an all-time low this week, and dying volatility is being recorded in most other major currency pairs as we enter the final month of the year
Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
India announces $400 million loan for Sri Lanka, in support of new president
India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation's new President Gotabaya Rajapaksa aimed at improving bilateral ties. Sri Lanka, located off the southern tip of India, has become an arena of competing
Sensex falls 336 points to close at 40,794 ahead of GDP data; Nifty below 12,050
India Business News: Equity indices on Friday ended in red with the benchmark BSE sensex plunging over 300 points ahead of quarterly GDP growth data release. The 30-share
Q&A: How PSD2 will impact fraud on Black Friday
With online spending continuing to rise online for Black Friday, web retailers need to consider how best to ensure PSD2 compliance in order to keep consumers secure without compromising their user experience.
Government should nationalize Kenya Airways quickly -CEO
NAIROBI — The government must move quickly to nationalize Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers, the airline’s chief executive said.
Black Friday frenzy goes global - and not everyone’s happy
The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it's prompting a backlash from some activists, politicians and even consumers.
Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
‘Tenders called for installation of CCTV cameras in 745 stations’
Crime Prevention and Detection Squads set up at major stations: SCR official
New World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
Top U.S. retailers absorb tariff pressure ahead of holiday shopping season
WASHINGTON (Reuters) - Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.
4.5 % GDP growth rate unacceptable, worrisome: Manmohan Singh
Former Prime Minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Prime Minister Narendra Modi to set aside 'deep-rooted suspicion' of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.
$20 Billion in Assets on the Move to New Blockchain in 2020 by British Powerhouse HSBC: Report
Blockchain technology will power a new platform launched by HSBC. Reuters reports that the British banking giant is releasing Digital Vault in 2020. The blockchain-based custody solution will grant investors real-time data for securities that are bought on private markets. Paper records primarily comprising private placement transactions will be swapped for blockchain records, making HSBC’s […]
Daimler to cut thousands more jobs in bid to reduce costs
Car manufacturer struggling with cost of electic vehicles
US merger rush stirs debate over equities bull market
Some see signs of rally’s impending end in rash of multibillion dollar tie-ups
Take Five: NATO -- dead or alive?
(Reuters) - 1/ HAPPY BIRTHDAY NATO!
CBOT Trends - Corn, wheat seen steady to higher; soybeans mixed
CHICAGO, Nov 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.The markets were closed on Thursday for the Thanksgiving holiday.WHEAT - Steady to up 2 cents per bushel* There were no deliveries against the CBOT's December wheat contract on first notice day on Friday. Traders expected deliveries of zero to 400 contracts, with most anticipating none.
Maria 01: The Future of The Largest Startup and Venture Campus in Europe
From the creators of Slush, the Maria 01 Startup and Venture Campus in Helsinki is a mini-city within the city, expanding to become Europe's best and largest startup campus, a place every startup and VC must know about.
StudentFinance.com, founded by the team behind Uniplaces, raises €1.15 million to reshape education financing using AI technology
StudentFinance, a Fintech company created by the founders of Uniplaces, has today announced it has closed a €1.15 million seed round of funding led by Seedcamp (investors in Revolut and TransferWise – two of the largest fintechs in Europe) and Mustard Seed Maze.
GDP at 4.5%: 'Worrying,' says Manmohan Singh; 'fundamentals strong,' counters govt
India Business News: India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, triggering a war of words between the government and the oppositio
Turkish, Qatari financial authorities sign deal to expand economic, financial ties
The Presidential Finance Office and the Qatar Financial Center signed a memorandum of understanding (MoU) to expand cooperation during President Recep...
Experts on GDP numbers: 'Worst is not past us'
Former Chief Statistician of India, Pronab Sen said the manufacturing showing negative growth is certainly worrying. "I don't think the growth has bottomed out, the growth figures may continue to decline the next quarter too, however, post fourth quarter may show some recovery owing to the base effect," Sen said.
Govt extends mandatory FASTag roll out for toll payments to December 15
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only
The Hidden Trucking Industry Subsidy
This US based article shows we ‘public’ give an exorbitant unfair amount of subsidy to the trucking industry.
US-China trade war news: Clash around law supporting Hong Kong
While harsh statements from Chinese and Hong Kong diplomats to the US should have potentially dragged the Asian shares to south, losses are limited ah
Farmers’ grievance meet turns stormy
Stir against ‘denial’ of Vaigai water for irrigation
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.
Here’s everything we know about what’s going on inside Goldman, from its changing tech culture to shakeups in its inner ranks.
Thousands of Aussies ditch big energy companies for cheaper, local alternatives
Thousands saving up to $430 on energy costs – compare today! Affordable energy continues to be a top concern for many seniors and cost-wary Aussie
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'
The money was illegally withdrawn from the AIIMS' accounts in the State Bank of India at its non-home branches in other cities
Indian Rupee Billed as "Overvalued" and Set for Declines after GDP Disappointment
British Pound vs Indian Rupee - Latest Exchange Rate News and Forecasts for Converting Pounds to Euros Today
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
China's financial warning signs flashing nearly everywhere as policymakers scramble
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the
The daily business briefing: November 29, 2019
Black Friday kicks off the holiday shopping season, stocks struggle as Hong Kong tensions dent hopes of a U.S.-China trade deal, and more
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know.
Here's the latest news about Goldman Sachs.
Government of Ghana talks about Ghc 100 and Ghc 200 currency notes
The Governor of the Central Bank of Ghana, Dr. Ernest Addison has explained the rationale behind the government’s policy decision to introduc
Sensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
Overstock Shareholders Compete to Lead Class Against tZERO’s Parent
E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action
Body-on frame Nissan SUV on the cards for South Africa
Prospects are favourable for a Navara-based SUV to become available
Brexit Britain’s big talk on space fails to fly
European aerospace firms get in work contracts as much as their governments fund the European Space Agency, but the UK lags behind.
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Switzerland Acts to Improve DLT/Blockchain Ecosystem with Improved Legal Certainty, Crypto Valley Association Welcomes the Move
The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (
Zurich Airport Wins Multi-Billion Contract to Build Delhi's Third Airport - Official
New Delhi (Sputnik): This is the first major success for the Switzerland-based company Zurich Airport International, as it has received setbacks five times in this year. Adani enterprises won bids to operate five major international airports in all those cases.
Domestic multi-role T70 utility helicopter to begin test flights in 2020
The Turkish-built T-70 multi-role utility helicopter will begin test flights next year, Turkish Aerospace Industry (TUSAŞ/TAI) Deputy General Manager Kemal...
Kerala Bank comes into being
Administrator rule of district cooperative banks ends
India Offers Over $400 Million Credit Line to Sri Lanka During President Rajapaksa's Visit
New Delhi (Sputnik): India has responded positively to a request by one of its largest trading partners in South Asia, Sri Lanka, for economic assistance and counter-terrorism efforts, as well as intelligence cooperation during delegation-level talks held in New Delhi.
Jewellery industry welcomes mandatory hallmarking from Jan 2021
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
Investors Eyeing Tech and (Astro)Turf Too
Private equity and tech titans are shelling out big bucks to grab ownership stakes in sports franchises to make even bigger bucks on the global playing field.
Payback Time: The myth that keeps Canadians on a financial treadmill
In a new weekly retirement column, personal finance columnist Dale Jackson will cut through the noise and deal with the issues that forge a stable retirement.
Fintech start-up Slice aims 1 million users in tier-II cities by next year
Focussing on millennials between 18 to 29 years of age, Slice started out as a virtual card, but switched to physical card by May 2019
India’s GDP growth slips to 4.5%, slowest in more than six years
The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know., Business Insider - Business Insider Singapore
Business Insider - Here's the latest news about Goldman Sachs.. Read more at businessinsider.sg
Good, bad and ugly of industrial relations code
Rituparna Chakraborty, Co-Founder & Senior Vice-President of TeamLease, cautions that this change in notification mechanism does not necessarily mean lesser administrative hassle or follow through for employers
Textile parks grow at snail's pace; only 22 out of 59 projects completed so far
Scheme for Integrated Textile Parks (SITP) provides support for creating good textile infrastructure, with the government granting up to 40 per cent of the project cost
Japan's defence, foreign ministers to visit India tomorrow for 2+2 dialogue
The two ministers will be leading a Japanese delegation to the inaugural meeting of the 2+2 dialogue
AUD/USD slumps to fresh multi-week highs near 0.6760 on broad USD strength
After rebounding to 0.6780 area during the European trading hours, the AUD/USD pair lost its traction in the last hour pressured by the broad-based US
Australia a 'treasure island' for medical device giants: ex-hospital boss
The former boss of Australia's second largest private hospital operator has backed health insurers' claims they are being gouged by medical device manufacturers.
Demos and deals as Black Friday sweeps Europe
PARIS, Nov 29 — Climate activists staged protests across Europe today to denounce the environmental toll of mass consumption, while shoppers hit the streets and the internet as retailers of all stripes touted pre-holiday bargains. The American “Black Friday” tradition of a post-Thanksgiving...
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
Liverpool want to host GAA matches after Anfield expansion
Liverpool have announced proposals for extending the capacity of Anfield to over 61,000, while the club is also aiming to host GAA and NFL matches at the
Odisha's investments in PSUs yield poor returns, says CAG report
Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation
SECA Evening Event: Venture capital for family offices, insurance firms and pension funds
This event is aimed at managers and decision-makers from the investment sector of Swiss family offices, insurance firms and pension funds.
Buhari Administration Committed to Growth of MSMEs — Adebayo
Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, has declared that “Nigeria is open for business!” Vanguard News
Drivers want government to fix a collapsed bridge at Breman Kuntanse
news, story, article
No question of closing down Integral Coach Factory, says Piyush Goyal
Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
Canada’s economy slowed in third quarter
OTTAWA, Nov 29 — Canada’s economy put on the brakes in the third quarter sending growth falling to 1.3 per cent, or almost one-third of the previous three months’ GDP, the government statistical agency said today. Statistics Canada blamed a drop in exports for the slowdown, noting that it was...
Opec November oil output slips before Aramco IPO, policy meeting
LONDON, Nov 29 — Opec oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found. On average, the 14-member...
US Dollar Index clinches 6-week highs beyond 98.50
DXY moves beyond the 98.50 level. The index records fresh multi-week highs. US 10-year yields climb to highs near 1.78%. The greenback, in terms of t
US redwood sequoia company wins approval
A US company wanting to grow giant redwood trees here to sell the lumber back home has won the right to buy another 4000ha in New Zealand. Tough restrictions on cutting down Redwood, or Sequoia, in the US means people cannot get enough of it to use as a building material. The wood is especially popular for things like decking and outdoor furniture, as it is admired as both attractive and robust. To meet the need, the Soper Wheeler Company of California set up the New Zealand Redwood Company in Taupō in 2001. New Zealand's moist climate allows higher growth rates for Sequoia than in California.
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem
The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]
Patanjali secures Rs 3,200 cr loan from SBI, other banks to buy Ruchi Soya
Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank
Russia and China deepen ties with River Amur bridge
Russia and China have finished building the first road bridge linking their two countries, Russian officials said on Friday, in the latest sign of warming relations. The bridge across the River Amur will connect the cities of Blagoveshchensk in Russia's Far East and Heihe in northeastern China and
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Sebi on November 22 had barred Karvy from taking new clients in respect of its stock broking activities.
Reports: Real Madrid star Federico Valverde set to overtake Lionel Messi in transfer value after agreeing new deal
Real Madrid have seemingly put their slump behind and returned to their previous form. Los Blancos are challenging Barcelona at the top of the table once again and one of the key reasons for that is Federico Valverde. Reports claim that he is set for a renewed deal which will take his value above that of Lionel Messi.
Experts say best holiday shopping deals no longer on Black Friday
For a lot of people, waking up early to go shopping on Black Friday is still part of a family tradition.
South African Airways dropped by leading travel insurers
JOHANNESBURG, Nov 29 — Three travel insurance companies in South Africa have stopped covering tickets issued by South African Airways against insolvency, further clouding the outlook for the struggling state-run airline. The decision by Santam’s Travel Insurance Consultants (TIC) to drop South...
Economic Slowdown: 4.5% Growth “Clearly Unacceptable", "Worrisome", Says Ex-PM Manmohan Singh
Indian economy needs to grow at 8-9% per year to fulfil people’s aspirations. Root cause for slowdown is Modi government's distrust of businessmen, says Singh.
The Looming Calendar Anomaly In Junk Bonds
A seasonal supply/demand imbalance in high-yield bond markets has traditionally led to strong performance in December and January. This has led to a historically bankable strategy to capture alpha fro
Japan, South Korea to hold high-level trade talks
Nov. 29 (UPI) -- In the shadow of the United States trade war with China, South Korea's trade ministry said Friday it will hold high-level trade negotiations with Japan to end its long-running standoff.
Hallmarking of gold jewellery mandatory across nation from January 2020
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered
Mercedes-Benz owner to slash 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with
Lawrence Kenwright tells of regret over Signature Living investor complaints
Hotel boss apologises for delays and poor communications
Forex kitty continues to move up, closes in $449 billion mark
In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion
Americans Aren't Coming Close to Maxing Out Their Retirement Plans, Data Shows
And that means they're in danger of coming up short during their golden years.
Next week’s key events in developed markets – ING
Analysts at ING offered a brief overview of the upcoming important market-moving economic releases/events, including a batch of sentiment indicators i
Economy hit by climate of fear, says Manmohan Singh
Former Prime Minister warns of disastrous effects of a sharp slowdown in growth .
How Adani Enterprises, GMR Group lost the bid for Jewar airport to Zurich Airport
Zurich Airport, which is currently involved in eight airports in South America, is keen to expand in South and South-east Asian countries like India, Indonesia and the Philippines
Euro 2020 finals draw: what date is it, which teams have qualified and how to watch live
What is happening?
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance.
Black Friday: Holiday Shopping Gets a Trump Economy Boost | Breitbart
Despite a holiday season shortened by a late Thanksgiving, retail spending is expected to rise by around 4 percent this year.| Economy
Canada Q3 GDP growth slower, but details better – RBC
Nathan Janzen – Senior Economist at Royal Bank of Canada (RBC) – offered his take on Friday's release of the Canadian GDP report, which showed a shar
NZ First ‘Agrees to Disagree’ Over Tobacco Excise Increase
New Zealand First ‘Agrees to Disagree’ Over Tobacco Excise Increase
Finland, Belgium, Denmark, Netherlands, Norway, Sweden Join INSTEX Mechanism for Trade With Iran - Finnish Foreign Ministry
Iran considers the European Instrument in Support of Trade Exchanges (INSTEX), a tool set up to help trade with Tehran under the US sanctions, to be weak, Iranian Deputy Foreign Minister Seyed Abbas Araghchi stated earlier in November, adding that the system has not been fully implemented so far.
Zurich airport outbids Adani, DIAL to build Delhi-NCR’s second airport in Jewar town
Zurich International had developed the Kempegowda International airport in Bengaluru in partnership with other companies.
Black Friday sees fewer shoppers in stores as spending moves online
Shoppers also worried that tariffs imposed by President Donald Trump on Chinese imports would make their holiday shopping more expensive
Karnataka corruption survey: 63% citizens admit bribing state officials to get work done
India Corruption Survey 2019 indicates 40 per cent of respondents in Karnataka gave bribes to get work linked to property registration and land issues done in the state while 23 per cent admitted paying a bribe to the police.
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
UK hails 63 per cent hike in Indian student visas
The ONS data overall indicates that over the last decade, around 270,000 Indian students have chosen the UK as a higher education destination. In contrast, an estimated 229,000 more non-EU citizens moved to the UK than left in the year ending June 2019.
10 top tips for buying a drone this Christmas
Drone technology is increasingly popular, and many people may be looking forward to getting a drone this Christmas. But many are also unaware of the rules governing drones.
Low subscriber numbers and debt kill Cell C Black
Disappointing subscriber numbers and a poorly executed strategy led to the closure of Cell C’s streaming service, Black.
German car industry reels as Daimler cuts 10,000 jobs
Some 50,000 cuts have been announced across the sector as automakers restructure
Daily Mail owner to buy i newspaper and website for £50m
Mail group sees opportunities for cost synergies
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
ACB Stock Price: Aurora Cannabis Inc. sets higher lows, shrugging off financial fears
Aurora Cannabis Incorporated, which is headquartered in Edmonton and trades at the Toronto Stock Exchange (TSE) has risen on Thursday at and closed at
Black Friday frenzy goes global—and not everyone's happy
People don't celebrate Thanksgiving in France, or Russia, or South Africa - but they do shop on Black Friday.
Harvard, Maryland meet in Kissimmee
Maryland (6-0) vs. Harvard (5-2)
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for several hours and shoppers were unable to shop the sales.
Is India Inc getting aggressive on cutting costs via VRS?
Voluntary retirement scheme (VRS) is a popular method to reduce surplus staff. Many large public and private sector companies have implemented VRS in recent years
Industrial Relations Code 2019: Balance tilts in favour of industry; makes trade unions jittery
Trade unions have raised several serious objections in the bill: from discretionary power of the executive to raising the threshold for lay-offs to making it virtually impossible to strike legally, restricting outsiders in the unorganised sector and extending fix term employment to the entire industry
EUR/GBP retreats from daily highs near 0.8540
The selling pressure around the single currency has forced EUR/GBP to recede from earlier tops in the 0.8540/45 band. EUR/GBP remains focused on the U
China’s true economic growth could be half of what everyone thinks
China’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
Cotton - The Fluffy Fiber Continues To Work Its Way Higher
A recovery to 96.50 cents ran out of steam in June 2018.Cotton falls to just over the 2016 bottom.A bullish pattern since late August.Levels to watch in the cotton market.BAL is the cotton ETN product
GAM’s head of investments to quit Swiss asset manager
Matthew Beesley was once regarded as contender for top job
Digital Payments: Modi’s Idea of A Cashless India Is Going Steady and Strong
As compared to FY 2014-15, the digital transaction volume for FY 2018-19 has grown five-fold.
It’s a rush for FASTags as banks, customers gear up for Dec 15 deadline
Banks come out with offers such as doorstep delivery and free movie tickets
Portugal's students march for climate as Greta visit delayed
LISBON (Reuters) - Students took to the streets in eight cities across Portugal on Friday to call for action on climate change, but Swedish activist Greta Thunberg was unable to join them because she was held up by bad weather in mid-Atlantic.
Customers are slamming Macy's, Best Buy, and Target for opening stores on Thanksgiving
"Thanksgiving is a day of giving thanks, not a day for corporate capitalism," one person wrote on Twitter this week.
Mercedes-Benz parent Daimler plans thousands of job cuts worldwide
The job cuts will be carried out by the end of 2022 as part of efforts to reduce spending by 1.4 billion euros (US$1.5 billion), the maker of Mercedes-Benz cars said Friday in a statement.
The Aramco IPO And The OPEC Meeting Could Support The Price Of Crude Oil
The Saudis want to sell a piece of Aramco.Watch the OPEC meeting for clues.Iran provides support for the energy commodity.U.S. energy policy could shift.UCO and SCO are tools for those who do not trad
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Sensex plunges 336 points ahead of GDP data release for September quarter
The top gainers on the Sensex were Bharti Airtel, HDFC Bank, and NTPC.
Swedish startup Bokio books €4 million to expand its SMB accountancy software across UK
Bokio, the Swedish startup applying AI to small business bookkeeping, has raised a €4 million round, led by Stockholm-based VC firm, creandum, with support from Svea and Chris Adelsbach. For small businesses, sole traders, and freelancers, Bokio supports a wide range of administrative tasks including invoicing, employee expenses, reporting and VAT returns. The interface is […]
Swiss Firm Zurich Airport Outbids DIAL, Adani To Develop Jewar Airport
The first phase of the airport would be spread over 1,334 hectare and cost Rs 4,588 crore.
Crude Oil Price and Forecast: WTI traders take clues from US-China tensions, OPEC+ eyed
WTI has been dropping to the intra-day low of $58.07 by the press time of early Friday in Asia. The energy benchmark seems to have negatively affected
W Resources begins tungsten and tin production at La Parrilla mine
Mining firm W Resources has commenced tungsten and tin concentrate production for sale at its La Parrilla mine located in Spain.
GDP growth at 4.5%: No, Indian economy is still not in recession, but these countries are
Q2 GDP: Some of the key economies in the world are in the verge of recession raising fears about the global economic health
Sri Lanka wants to undo 99-year port lease to China
Sri Lanka’s new government led by President Gotabaya Rajapaksa wants to undo the previous regime’s move to lease the southern port of Hambantota to a Chinese venture, citing national interest. Former
Wall Street Breakfast: Black Friday In Full Swing
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The biggest shopping weekend of the year is here and 165.3M A
Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?
It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of
Hallmarking For Gold To Be Mandatory From 2021, Industry Welcomes Move
One year period will be provided for implementation of hallmarking decision to enable jewellers clear their existing stock.
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
The prime minister announced that he would remove EU rules preventing the government from awarding contracts to UK-based businesses.
Climate change protests staged across the globe
The protests come just days before officials gather in Madrid for talks on tackling climate change.
A blockchain/IoT combo could reduce food fraud by $131B in five years
Blockchain is gaining ground in the supply chain arena, verifying not only the provenance of goods, but enabling suppliers of meats and produce to verify their origins and ensure regulatory rules are met.
China Mobile International launched first ever global shared service center in Cyberjaya
KUALA LUMPUR: China’s telecommunication giant China Mobile, through its overseas subsidiary China Mobile International (CMI), has officially launched the group’s first ever global shared service senter (SSC) in Cyberjaya marking a new chapter in CMI’s ambitious plan for expansion in to the region.
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
Border Closure: Nigeria short of N338 billion worth of rice
Nigeria has recorded N338.6 billion shortage of rice at the Malaysian price of $421 per tonne as a result of border closure.
Oil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
(Reuters) - Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
Vancouver Santa Claus Parade: All the road closures in effect this Sunday
The Vancouver Santa Claus Parade takes place this Sunday and features marching bands, dance troupes, festive floats and community groups.
Core sector output for October contracts further to 5.8 per cent
The index was dragged down by electricity which reported a de-growth of 12.4% vs -3.7% in Sept.
Russia Reportedly Considers Ban on Using Crypto as Means of Payment
Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.
EXCLUSIVE: Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghv100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation and the perennial depreciation of the currency have eroded, in real terms, the face value of the series of the notes” forced government to take the decision. He explained that a lot of thinking and consultations took place. A lot “thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions. We need banknotes and coins that are convenient for most people to use, high quality, secure and cost effective.” He added. A promotional release by BoG read in part:
Government initiates dialogue with ASEAN members for review of FTA: Piyush Goyal
"We have already initiated dialogue with ASEAN countries and I am happy to share with the House that ASEAN has agreed for a review of the FTA. We will take up various issues in the review and then we will report to the House," he told the House. He also said the Coffee Board is trying to develop an Indian brand of coffee .
Centum Group half-year profit quadruples
The income was realised mainly as a result of net gains on disposal of three companies.
India’s Fiscal Deficit In October At 102.4% Of 2019-20 Target
The gap between the government’s revenue and expenditure rose to Rs 7.20 lakh crore as of October.
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit, Business Insider - Business Insider Singapore
Business Insider - The prime minister announced that he would remove EU rules preventing the government from awarding contracts to UK-based businesses.. Read more at businessinsider.sg
Govt initiates dialogue with ASEAN members for review of FTA: Goyal
He also said the Coffee Board is trying to develop an Indian brand of coffee for export and the work in this regard is underway
Inspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020
A startup that's friendly to both the environment and your wallet is two steps away from a $1 million prize. Renewable-energy company Looop Inc., which
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
DHFL: RBI initiates corporate insolvency resolution process
The Reserve Bank of India (RBI) on Friday filed an application for initiation of corporate insolvency resolution process against the financially stressed Dewan Housing Finance Corporation Ltd (DHFL) u
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
Boris Johnson has promised to scrap EU state aid rules after Brexit in order to stop UK businesses from collapsing.
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
Anger as Labour confirms it has thrown out gigafactory plans
Labour has prompted fury from business leaders in the West Midlands after Jeremy Corbyn confirmed that the region had been overlooked for a new gigafactory.
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
Sebi imposes Rs 2 lakh fine on Unitech for violating Listing Agreement
It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008.
Liverpool announce plans to increase Anfield capacity - and will look into hosting GAA matches there
The Reds have outlined their intent to increase the ground’s capacity to over 61,000 with the expansion of the Anfield Road Stand.
AUD/USD loses recovery momentum ahead of 0.6800, trades around 0.6780
The AUD/USD pair continued to push lower during the Asian trading hours on Friday and touched its worst level since mid-October at 0.6762 but staged a
Christmas bonus for Carrick-on-Suir Credit Union members
Carrick-on-Suir Credit Union Ltd is reporting a strong 2019. The credit union has provided €5.8 million in loans to the local community over the past year. Membership has grown and it now h...
US shoppers stay away from stores, spend online as Black Friday begins
NEW YORK, Nov 29 — US consumers splurged more than US$2 billion online in the first hours of Thanksgiving shopping today, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores. Early discounts offered...
Adani group shares rally up to 13% as CCI approves Total Group's 37.4% stake buy
Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas
China's true economic growth could be half of what everyone thinks, Business Insider - Business Insider Singapore
Business Insider - GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.. Read more at businessinsider.sg
Liverpool announce plans to increase Anfield capacity to over 61,000
Liverpool have outlined plans to increase the capacity of their home ground to over 61,000 with the expansion of the Anfield Road Stand.
Most SE Asian stocks slip as Sino-US tensions over Hong Kong continue to weigh
(Nov 29): Most Southeast Asian markets dropped on Friday, hurt by worries that a US law backing protesters in Chinese-ruled Hong Kong could disrupt ongoing trade negotiations, as the two countries try to strike a deal to diffuse a 16-month long trade war.All eyes were trained on China, which on Thursday warned of retaliation after US President Donald Trump signed legislation that, among other things, threatened sanctions for human rights violations in Hong Kong."Market will continue to wait for
Thai court fines Philip Morris $39.7 million for tax evasion
BANGKOK (AP) - A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million).
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Over the past five years, PSX has not only outperformed the broad energy sector, but has also beaten the S&P 500.Still, the company's P/E is less than half that of the broad S&P 500, while the dividen
Air Serbia to launch flights from Istanbul Airport in December
Air Serbia has decided to resume flights from Istanbul on Dec. 11 after nearly a two-year break since March 14, 2017. According to a statement released...
US, India have made exploratory requests for greater market access: Piyush Goyal
“Regular consultations with the concerned line ministries / departments and other stakeholders bodies is a part of the ongoing discussions,” he said in a written reply to a question on bilateral trade negotiations with the US in Rajya Sabha. The minister said that trade related issues are discussed as a part of any ongoing economic relationship.
Govt on track to make India $5 trillion economy by 2024: P K Misra
Describing the country's economic fundamentals as strong, Mishra said the annual average GDP growth of 7.5 per cent during 2014-2019 was the highest since independence
Almost Half of EU States Give No-Go to New Rule Requiring Tech Giants to Reveal Real Incomes & Taxes
The proposed directive was worked out to shed light on how big businesses, like Apple, Google, or Facebook to name a few, get around tax legislation by formally shifting their income from greater-tax nations such as the UK and France to lower-tax jurisdictions like Malta, Ireland, or Luxembourg.
Ibrahim Abdul Majid appointed as new CEO of Boustead Plantations
KUALA LUMPUR (Nov 29): Boustead Plantations Bhd today announced the appointment of Ibrahim Abdul Majid as its new chief executive officer (CEO), effective Dec 1.Ibrahim, 60, will take over from Mohamad Azlan Jaafar, who is standing in as acting CEO and will resume his responsibilities as deputy CEO.In a statement today, the group said Ibrahim has an extensive career in the palm oil industry, bringing with him 40 years of experience.He started his career with Sime Darby in 1979
PolyU blockade lifted; police find 4,000 gas bombs in two days
Hong Kong police on Friday said they had seized nearly 4,000 petrol bombs, 1,400 pieces of explosives materials, 600 items containing corrosive liquids and 570 weapons during the two-day evidence-collection procedure at the Hong Kong Polytechnic University, which was reopened at about Friday noon after being occupied by rioters for 13 days.
Liverpool Could Be Set To Host Gaelic Games At Anfield
Discussions are underway to expand Liverpool's Anfield Road Stand with the club also teasing the possibility of hosting a GAA match at the iconic stadium.
How do economists predict GDP figures? These indicators help
GDP Q2: One of the reasons why economists are fairly sure about the outcome of the GDP estimates is that key components of the GDP have not been showing positive trends
The dark side of Black Friday: Counting the real cost of deals and bargains
It's great for consumers, but Planet Earth and High Street businesses could pay a heavy toll for our greed.
HSBC and Santander customers to get £8m in refunds over overdraft breaches
'We are very sorry that some customers in certain circumstances were not sent the required overdraft alerts'
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditions.
Tenants want better in Auckland metropolitan office market
Colliers International Research’s latest annual review of the Auckland metropolitan office market shows a busy year of activity with ongoing occupier demand for higher quality spaces leading to the construction of new buildings and refurbishment of existing premises.
China seeks greater LNG cooperation with Qatar: Ambassador
China, the world’s largest LNG consumer, is seeking to expand its LNG cooperation with Qatar, the world’s largest LNG producer, which has just recently announced its plans to further increase its LNG production capacity by 64 percent to 126 million tonnes per annum (mtpa) from the current 77mtpa by 2027.
Why Bailouts Are The Solution For Companies That Are Too Big To Fail
Ideal regulators may reduce the necessity of a bailout; but they may still be required in times of extreme duress.
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
'Typical' - Norwich fans react to Unai Emery's Arsenal departure ahead of Premier League clash
The Arsenal boss has been shown the door at the Emirates Stadium following the 2-1 defeat to Eintracht Frankfurt
Black Friday opening times for Aldi, Lidl, Waitrose and Co-op
Black Friday 2019 is here.
EU’s Tusk and Juncker bow out as new team prepare to move in
Charles Michel and Donald Tusk warmly hugged one another during the handover ceremony.
Future of big name Burton store in the balance
It could be saved by another high street name
Thai court fines Philip Morris $39.7 million for tax evasion
BANGKOK (AP) - A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million).
Eurozone inflation jumps more than expected in November – ING
The increase in both headline and core inflation was driven by strong growth in services prices. Still, don't assume this has implications for the Eur
TymeBank already eyeing next million customers
After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
Eight core sector industries shrink 5.8% in October
Electricity generation declined by 12.4 per cent in October, 2019 over October, 2018. Its cumulative index increased by 1.5 per cent during April to October, 2019-20 over the corresponding period of previous year
Evolution Mining's Red Lake Mine Acquisition - A Bet On Exploration Success
Newmont Goldcorp will sell the Red Lake mine to Evolution Mining for $375 million, plus contingency payments of up to $100 million.Evolution will invest $100 million to improve the mine operations and
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
Vodacom dismisses CEO departure talk
Vodacom Group denied reports CEO Shameel Joosub (pictured) was heading for the door, but revealed ...
RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
Black Friday 2019 Shoppers Stay Away From Stores, Spend Online, Analysts Say
Early discounts saw a dip in the numbers lining up at stores across the country, according to consultants.
3 Dividend Stocks Ideal for Retirees
Utility stocks don't often make the business-news headlines, but that doesn't mean they're can't be great fits for income-focused retirees' portfolios.
Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet
A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing.
Natwest and RBS customers miss out on Black Friday deals after apps go down
It happened at the worst possible time for bargain hunters.
New industrial code bill will lead to 'jungle raj' in the industry: BMS
The Narendra Modi government introduced the Industrial Relations Code Bill in the Lok Sabha on Thursday
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
Boris Johnson has promised to scrap EU state aid rules after Brexit in order to stop UK businesses from collapsing.
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals, Business Insider - Business Insider Singapore
Business Insider - "I just want to spend my money on your site... why is it so hard?" one Costco shopper wrote on Twitter on Thursday.. Read more at businessinsider.sg
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Sensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
F&O: Nifty outlook bullish till it holds above 11,980-12,000 zone
Maximum Put open interest was at 12,000 followed by 11500 strike.
Fiscal deficit for April-Oct at 102.4%, crosses full year target
The revenue gap for the April-October period stood at Rs 5.46 lk cr showing the weakness in tax collection.
Costco extends its Thanksgiving day promotions after its website crashes for more than 24-hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for more than 24 hours and shoppers were unable to shop the sales.
CAA website besieged by angry drone pilots ahead of registration deadline
Thousands of UK drone pilots could face a fine of £1,000 if they fail to register their details with the [...]
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditi...
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
Costco extends its Thanksgiving Day promotions after its website crashed for several hours, preventing furious customers from shopping the deals
"I just want to spend my money on your site... why is it so hard?" one person wrote to Costco on Twitter on Thursday.
‘Steel output target of 300 mt is challenging amid issues over raw material availability’
The Indian steel industry will be able to achieve its crude steel production target of 300 million tonnes (mt) by 2030 only if the issues surrounding raw material availability are addressed. The st
Trtl is having a great Cyber Monday sale — its wildly popular travel pillows are under $20 today only
On Cyber Monday only, travel-pillow startup Trtl is offering 30% off sitewide; all you need to do is use the code “CYBER30” at checkout. This sale runs through midnight PT. The company is also offering up to 40% off on Amazon on December 2 from 10 am PT to 10 pm PT; there’s no coupon needed.
NZ Bus advised of industrial action by FIRST Union and Tramways Union
NZ Bus has been advised by FIRST Union and the Tramways Union that drivers will be taking strike action from next week that will affect a number of routes.
India quarterly growth falls to worst level in six years
MUMBAI, Nov 29 — India’s economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 per cent from 7.0 per cent a year ago, according to government figures released today that piled more pressure on Prime Minister Narendra Modi. The expansion in Asia’s...
Thousands of people across Europe are protesting and striking against Amazon on Black Friday, Business Insider - Business Insider Singapore
Business Insider - In Germany employees went on strike, and in some warehouses do not plan to return to work until after Cyber Monday.. Read more at businessinsider.sg
What to know: New pedestrian plan in place near Rockefeller Center for holiday season
A new holiday pedestrian plan takes effect around Rockefeller Center and concrete barricades are now in place to stop vehicular traffic on 49th and 50th streets between 5th and 6th avenues.
CrowdOwnership: LandWey launches online investment platform for real estate co-ownership
In a bid to create a profitable, vibrant and viable entry into real estate investment by pooling intending real estate investors together to collectively...
Infosys inks pact with Services Australia to digitise welfare entitlements
IT services major Infosys on Friday said it has inked an agreement with Australian federal government’s Services Australia to transform the entitlement calculation engine for the nation’s welfare syst
Massive preparations for MH17 trial revealed; Hearings spread over 25 weeks
The court case examining criminal responsibility in the crash of Malaysia Airlines flight MH17 will begin on March 9 at the heavily secured court complex at Schiphol airport. The case, officially
Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents
Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring ...
Bouquets and brickbats for govt.as it completes 6 months in office
Several decisions guided by poll manifesto; sand policy, review of PPAs draw flak from various quarters
US stocks retreat from records on greater trade tension
WEST NEW YORK, Nov 29 — Wall Street stocks retreated from records early today on revived worries about US-China trade talks as retailer shares were mixed on the official start of the holiday shopping season. Analysts pointed to increased US-China trade friction as Beijing threatened unspecified...
Trtl is having a great Cyber Monday sale — its wildly popular travel pillows are under $20 today only, Business Insider - Business Insider Singapore
Business Insider - Updated 12/2/19 at 3 pm ET: Trtl's popular travel pillows are up to 40% off on Cyber Monday. Here's where you can get the best deals.. Read more at businessinsider.sg
The Liveris Formula: Dow’s Inclusive Capitalism
Parasites have a certain weight in history. Donors to a system, a state, a company, always claim to be giving back what they advertise as their hard earned cash. Andrew N. Liveris is one such character. Former CEO of the Dow Chemical corporation, he is a face associated with a company that was responsible for manufacturing the defoliating Agent Orange and napalm.
6 signs you probably need a financial adviser, even if you think you don't
If you don't have someone managing your money and you don't know how to do it yourself, it's harder to reach long-term goals like retirement.
India announces $400 mln loan for Sri Lanka, in support of new president
India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation's new President Gotabaya Rajapaksa aimed at improving bilateral ties.
Attention Traders! Win $25K by showing off your trading talent with our newest asset - Algo!
We’re excited to introduce Algorand's native token, Algo, to PIT traders by launching a trading contest. The more you trade, the more you could win!
Explainer: What's at stake in Macron's reform of France's cherished pensions?
PARIS (Reuters) - France is bracing for nationwide public sector strikes on Dec. 5 against President Emmanuel Macron’s drive to overhaul the country’s unwieldy and costly pension system.
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
Best And Worst Q4 2019: All Cap Growth ETFs And Mutual Funds
The All Cap Growth style ranks seventh in Q4'19.Based on an aggregation of ratings of 26 ETFs and 545 mutual funds in the All Cap Growth style.TTAC is our top-rated All Cap Growth ETF and NLAFX is our
Europe to consider law on climate neutrality by March
BRUSSELS (Reuters) - The European Union executive will propose by March 2020 a new climate law to turn the bloc neutral in terms of carbon dioxide emissions by 2050 and help lead the struggle against global warming, a draft showed on Friday.
French lawmakers look to ban Black Friday over environmental concerns
Protesters in France have blocked an Amazon warehouse south of Paris citing concerns that the Black Friday shopping holiday negatively affects the environment.
SEBI to decide on interim relief to Karvy by Monday: SAT
The Securities and Appellate Tribunal (SAT) has asked SEBI to decide on giving interim relief to Karvy Stock Broking by Monday. SAT has asked SEBI to consider allowing Karvy limited use of power of at
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020.
Government Extends Mandatory FASTag Roll Out Date To Dec. 15
Over 70 lakh FASTags had been issued till Wednesday, with the highest per-day issuance of 1,35,583 tags on Nov. 26.
Eni and Government inaugurates “Okuafo Pa” Agric training Centre
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Inheritance should be a windfall, not part of retirement plan, experts say
'The difficulty with inheritance is: you don't know at that point in time what's going to happen,' said Tony Maiorino, head at RBC Wealth Management Services
MTAA Super and Tasplan to merge in a $23 billion superannuation deal
The industry superannuation sector will see the arrival of a $23 billion giant with the merger of MTAA Super and Tasplan Super from October 1 2020.
India Fires Salvo Against Israeli Manufacturer for 'Snubbing' Its Domestic Anti-Tank Guided Missile
New Delhi (Sputnik): Israeli manufacturer Rafael faced a major setback in 2018 after the Indian Defence Ministry cancelled a $500 million Spike deal in favour of a domestically manufactured anti-tank guided missile. New Delhi previously bailed on a Spike purchase in 2011, and again in 2017 – both times under the DRDO’s pressure.
Bizongo emerges as the fastest-growing tech company in India
Data science firm TheMathCompany was ranked second and Vadodara-based communication automation solutions firm Phonon was ranked third for the Deloitte Technology Fast 50 India programme
General Election seats to watch: North-east England
A political sea-change might be about to happen in this corner of the country.
North Vancouver’s 1960s Capilano Mall plans for redevelopment
The managers of Capilano Mall are planning for redevelopment of the 1960s-era mall.
EU's new Green Deal slammed as 'half-baked' before launch
Greenpeace have accused the incoming European Commission of Ursula von der Leyen of preparing draft new climate and environmental laws whose measures are "too weak, half-baked or missing altogether".
General Election seats to watch: North-east England
A political sea-change might be about to happen in this corner of the country.
GDP at 4.5%: What is recession?
Q2 GDP: Recession, simply put, is when an economy starts to decline in value. It means that the country is producing and earning less than what it did before
New commission and Malta in focus This Week
Ursula von der Leyen and her new team of commissioners will have their first meeting on Wednesday. In the meantime, Malta descends into political turmoil over the death of an investigative journalist.
P-8A Poseidon base works commence - Ron Mark
Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today.
Global startups further expand Turkish software exports
Many global startups based in Turkey and operating in sectors as varied as cybersecurity, gaming, entertainment, health and financial technology, are making a marked contribution to the country's exports and the nurturing of well-trained human resources
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
Telkom walks away after Cell C rejects offer
Telkom has withdrawn a cautionary notice to shareholders about its proposed acquisition of Cell C after the board of the mobile operator spurned its approaches.
Buffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
New EU leadership eyes more 'assertive' role for bloc
The European Union plans a bigger global role for itself, one of its new chiefs emphasised Friday as the bloc's leadership started changing the guard to a team with firm geopolitical ambitions.
As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax
BRUSSELS (Reuters) - Officials from the new European Commission will discuss an International Monetary Fund study that lists Luxembourg as a world-leading tax haven just days after the former leader of the Grand Duchy departs the EU executive’s helm.
President Akufo-Addo expected to cut sod for commencement of Pwalugu Dam
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Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Supermax is optimistic on FY2020
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
The big news: GDP growth touches six-year low, industrial output contracts, and 9 other top stories
Other headlines: A Telangana minister asked why a vet did not call the police in her last moments, and Uddhav Thackeray halted a metro car shed project.
Niall McGarry steps down as Irish chief of Maximum Media
Founder of Maximum Media, Niall McGarry has stepped down from his executive role within the Irish branch of the company over controversies
Hundreds to descend on OMV in New Plymouth
Hundreds to descend on OMV in New Plymouth for climate protest
High-level visits, new projects to promote Turkish-Hungarian relations further
Enhancing their relations to a strategic level in 2013, Ankara and Budapest have greatly developed bilateral ties and initiated many projects, the Hungarian ambassador to Ankara said
Tracking David Abrams' Abrams Capital Management Portfolio - Q3 2019 Update
David Abrams' 13F portfolio value decreased this quarter from $3.68B to $3.57B. The number of positions increased from 19 to 20.Abrams Capital Management added Altaba while increasing Teva Pharmaceuti
SON destroys over 5,000 substandard gas cylinders worth N51.3m
The Standard Organisation of Nigeria (SON) on Friday destroyed over 5,000 substandard Liquefied Petroleum Gas (LPG) cylinders worth N51.3 million.
Economy set to grow at much faster pace: P. K. Mishra
Mr. Mishra, however, acknowledged that in recent months India had witnessed a slowdown in growth.
Coinbase Denies Reports on Takeover of Prime Broker Tagomi
Coinbase has acquired Tagomi, a US-based prime broker that specializes in trade execution and digital asset markets for $150 million
Lisa Clements, Head of Acquisitions at Sky TV to step down
Lisa Clements, Head of Acquisitions: Entertainment and Movies at Sky New Zealand will be stepping down from her role after 12 years at the company. She will be moving into a position as Strategic Deal and International Content Advisor for Sky until the end of March 2020.
Minister introduces legislation to extend minimum expiry period of gift vouchers
Minister for Business, Enterprise and Innovation Heather Humphreys is to bring in new rules around the sale and use of gift vouchers to improve consumer rights in the area.
Timeline: Twists and turns in Mediaset vs Vivendi TV drama
(Reuters) - Italian broadcaster Mediaset (MS.MI) and shareholder Vivendi (VIV.PA) were negotiating on Friday to find a way to end a three-year legal battle after all-night talks failed to produce a breakthrough, sources said.
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead
The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
Renault and Nissan Try a New Way After Years When Carlos Ghosn Ruled
The automakers want to strengthen their alliance with more decisions built on consensus.
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Dr Macharia Irungu appointed new Kenya Pipeline Corporation MD
Former Gulf Africa Petroleum Corporation CEO Dr. Macharia Irungu has been appointed the new Kenya Pipeline Managing Director.
Forex kitty continues to move up, closes in $449 billion mark
India Business News: Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22
Taobao's cargo ship with items from 11.11 sales sank deep into the ocean
This must be a really devastating news to some of the fanatic buyers during the 11.11 sales. It is reported that over 879 tonnes of cargo shipped from China sunk into the open ocean after encountered a collision. The cargo mainly consists of products purchased from Taobao during the sales. The repercussions of this incident involved not only Taobao and its consumers, but also the lives of the ship’s crew members.
Spurt in wheat sowing pushes rabi area to 338 lakh hectares
Pulses acreage falls with dip in area under gram cultivation
General Election seats to watch: North-east England
A political sea-change might be about to happen in this corner of the country.
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Canalside apartment proposal given green light
Work to build more than 70 new canal-side apartments on derelict Walsall land could start as soon as January after plans were given the green light.
Most fund managers since 2011 see South Africa equities as cheap
More fund managers also see local bonds as undervalued, survey shows.
Dangote Sugar Refinery: Revenue recovers but cost pressures remain
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
Premier League chief executive David Pemsel resigns - before starting job
David Pemsel was due to start as Premier League chief executive in February, taking over from Richard Scudamore after his resignation
Swedish brand H&M tests clothing rental service
Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. Consumers can rent garments for 350 kronor ($37) a week i
GRAINS-Chicago soybean prices slip as U.S.-China tensions grow
* U.S.-China talks shift to Shanghai this week* Wheat underpinned by declining outlook for Russia's crop* No deliveries against CBOT December wheat or corn contracts (Recasts with U.S. trading, adds quotes, updates prices, changes dateline from LONDON)By P.J. HuffstutterCHICAGO, Nov 29 (Reuters) - Chicago soybean futures slipped on Friday with the market closely watching for updates on U.S.-China trade talks, and traders less than impressed with a jump in recent soybean export sales between the two countries.
Buffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
Biz EOD: GDP growth slows down to 4.5%; RBI may cut repo rate; Fiscal deficit of 3.9% realistic, says Uday Kotak
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report
German Amazon workers strike on 'Black Friday'
More than 2,000 Amazon workers in Germany walked off the job as the US online retailer kicked off its
Black Friday 'ruined' by NatWest banking outage, customers complain, after it leaves them unable to access accounts
Black Friday was "ruined" by a Natwest banking outage, customers have complained after being unable to access their bank accounts.
Hundreds of buildings may be without water 'because too many people boiled kettles'
Businesses on Quay Street were among the buildings which lost water
Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
Npower Reveals Reason It Is Axing Up To 4,500 Jobs Under Closure Plan
The new owner of energy firm, Npower says it is cutting up to 4,500 United Kingdom (UK) jobs as part of a plan to make it more profitable.
Winter to be warmer, probability of above-normal temp in cold zones: IMD
The IMD has been issuing seasonal forecast for winter since 2016, and every forecast has predicted a warmer winter
French mariners fear watery grave for 17th century pension perks
LA ROCHELLE, France (Reuters) - Tugboat captain Jean-Yves Lagarde should be only 10 years from retiring thanks to special benefits for mariners that date back to the 17th century. But President Emmanuel Macron’s ambition to simplify France’s Byzantine pension system may scuttle his plan.
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Fisher Funds takes gong for Fund Manager of the Year
Fisher Funds was crowned overall Good Returns Fund Manager of the Year at the inaugural Good Returns Research IP awards ceremony, held last night in Auckland.
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
Here’s everything we know about WeWork’s layoffs and next steps as the co-working giant looks to right itself
Here’s everything we know about what’s going on inside WeWork:
B.C. home sales continue to climb, hitting highest activity level in nearly two years
B.C. home sales remained on an upswing in October with MLS sales up 1.3% from September and 16% year-over-year.
Jubilant scenes at depots as RTC workers resume duty
Crew faced staring trouble as most buses had flat tyres, drained batteries
Stock markets tread water as all quiet on trade war front
LONDON, Nov 29 — Stock traders found little to get the pulse racing today as the trade war front was eerily quiet and Thanksgiving sapped global trading volumes. “It’s been quite the forgettable week and I don’t think today is going to be any more memorable,” said Craig Erlam, Senior...
Turkey works on strategy to expand high-tech product exports
The government aims to increase Turkey's exports of high-technology products around the world as innovation and research and development, coupled with qualified human resources, are the new criteria for economic growth
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Down Detector.
My record on environmental issues
Letter: Conservative parliamentary candidate Jesse Norman responds to the Guardian’s climate score article
NATO moves towards spending goal sought by Trump, Spain lags
BRUSSELS (Reuters) - More European allies in NATO are set to meet a defense spending target sought by the United States in 2019, with sharp rises in Romania and Bulgaria, NATO Secretary-General Jens Stoltenberg said on Friday, but Belgium and Spain will continue to lag.
Thousands of people across Europe are protesting and striking against Amazon on Black Friday
Amazon workers and activists across the UK, Germany, France, and Spain are protesting working conditions at the retail giant’s warehouses with demonstrations and strikes on Black Friday, one of the busiest shopping days of the year.
GDP Growth Rate: Deeply Worrying, Says Manmohan Singh; Will Pick up From Next Quarter, Claims Ministry
Many industrialists tell me that they live in an atmosphere of fear in our society today, former PM Manmohan Singh said denouncing Centre's economic policies
IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors
IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019.
'This is why the capital is being moved': Jokowi says after getting stuck in Jakarta's gridlock
The moment the President’s convoy got stuck on Jl. Prof. Dr. Satrio in Kuningan, South Jakarta, went viral on social media on Thursday.
After five-month road test, B30 implementation gets green light
The vehicles in the test showed “relatively similar” performance in power, emissions and fuel consumption compared to when run using B20 biodiesel.
Berlin airport to open in 2020 after nine-year delay
Berlin's new international airport is set to open on October 31, 2020, its operating company said Friday, after an embarrassing nine-year delay owing to structural problems and corruption. "The BER will open on 31.10.2020," Flughafen Berlin Brandenburg (FBB) said on Twitter, using the
The Yen Isn't What It Used To Be
$USDJPY:$SPX ratio sinks to new lows, showing further de-correlation between the two assets.President Trump signing the Hong Kong bill in favor of protesters may be just what JPY bulls need.$USDJPY 1:
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
Another blow for Georgiou
SCA dismisses an appeal against a high court decision ordering him to honour an HS buyback agreement.
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Damning Tongaat Hulett forensic report fingers ex-executives, including Peter Staude
Group plans to pursue claims against executives implicated in PwC probe
Green is the new black! Kilkenny launches shop local Green Friday Campaign
Say goodbye to Black Friday and hello to Green Friday by buying Irish brands and products on November 29, urges a leading Irish retailer. Green Friday is an initiative led by Marian O’Gorman of ...
Govt extends deadline for mandatory FASTags by two weeks to December 15
The government extended the deadline for making FASTag mandatory for toll payments on national highways to December 15 .
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
GDP data: All three engines driving economic growth are stalling
While the concerted decline in economic drivers calls for multi-pronged efforts to arrest it, stimulus measures so far have focussed mainly on an investment revival
Why India needs deep-tech start-ups
Deep technologies hold the key to social development as well as data security. But India’s progress in this area has been slow
OGRA recommends slight reduction in petrol price
Suggests cut of Rs2.4 per litre in price of diesel