Economy 1000
Dozens suffer losses in sham cryptocurrency scheme in Masaka
fraud
Catalonia Hotels & Resorts partners with Beonprice for digital transformation
BARCELONA - Catalonia Hotels & Resorts has selected Beonprice as its strategic solution for Revenue Management, as the hotel group undergoes significant digital transformation. The hotel chain – which operates 72 properties and more than 10,000 rooms – chose Beonprice as the technology company shared its commitment to innovation and offered a clear vision for how the hotel group can maintain its competitiveness through a dynamic Revenue Management strategy. Utilising Beonprice’s Artificial Intelligence technology, Catalonia Hotels & Resorts will be able to
Vistara signs codeshare agreement with Lufthansa, 6th with overseas airline
As part of the agreement, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering ten Indian cities, including Delhi, Mumbai and Chennai
Pound-Australian Dollar Forecast: Fresh Three-Year Highs Ahead says Analyst
The Pound-to-Australian Dollar exchange rate trades at a new three-year high on Monday, December 03. amidst an ongoing lift in the broader Sterling complex
Lender Amigo's chief executive quits after less than five months in charge
The chief executive of high interest rate lender Amigo, Hamish Paton, has resigned this morning after less than five months in the job.
OKEx Prepares to Launch USDT-Margined Perpetual Swap Trading, Announces TMMR Risk Management Feature for Spot Margin Trading
OKEx, the leading global cryptocurrency futures exchange platform has announced that it is going to soon launch its USDT Margined Perpetual Swap Trading
Rakesh Jhunjhunwala voices support for Fortis-IHH deal, says no link to Singh brothers
Expressing shareholders' concerns over lag in IHH's planned open offer for Fortis, Rakesh Jhunjhunwala stressed that the deal was "fair" and IHH should conclude it since the open offer has been pending for a year
Esperance Shire owed nearly $40k in unpaid rates
The Shire of Esperance is set to take its pursuit of unpaid rates to the next stage, with more than $39,000 owing. According to the December, 2019 council ag...
Takeover bids intensify for Just Eat food app
Prosus increases its cash offer for the food delivery firm.
Lucky 13 for Milan Bergamo
For the first time in its history, Milan Bergamo Airport has hit the 13 million passenger mark, setting a new record for annual passengers for the Italian gateway. Handling just one million passengers for the first time in 1999, saw the airport celebrate the historic moment with the lucky 13-millionth passenger departing for Dheli via Rome. Endorsed by Milan Bergamo’s strengthening of existing flights, new carriers, and the expansion of route choice, the airport has welcomed extraordinary growth over the last
USD/CAD consolidates in a range, around mid-1.3200s
The USD/CAD pair extended its sideways consolidative price action through the early European session on Monday and remained confined in a narrow tradi
Banks must stick to their core functions
Diversification into long-term financing, insurance, mutual funds and share broking have affected their performance
Tesco shares soar as investors salivate over potential sale of Asian division
Analysts believe the sale of the Thailand and Malaysia division could bank Tesco up to £7.2bn.
QNB to embrace digital transformation
Abdulla Mubarak Al Khalifa, Acting Group Chief Executive Officer of QNB said yesterday that Qatar’s banking sector is well capitalised, with high asset quality and robust profitability. The capital adequacy ratio stands at 17 percent, well above Basel III guidelines. Asset quality remains high with non-performing loans (NPLs) at 1.9 percent, one of the lowest in the region. Profitability remains solid with returns on equity (RoE) over 15 percent, he said while addressing The Euromoney Qatar Conference.
Health and safety probe rules no action needed after A9 worker crushed by falling cabin
Health and safety chiefs have recommended no further action after a probe into an industrial accident on the A9 near Perth.
Chelsea FC want to re-sign 24-year-old defender – report
Chelsea FC are interested in a deal to re-sign Bournemouth defender Nathan Ake, according to a report in England. The Daily Telegraph is reporting that
Tighter climate rules seen erasing US$2.3 trln in firms’ value
Tighter government climate regulations by 2025 could wipe up to US$2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned, Reuters reports. Any abrupt policy shifts risk severely disrupting current investment strategies, Principles of Responsible Investing (PRI), a group representing investors with…
China's 3 Greatest Dynasties
What can Chinese history tell us about China today?
Putin, Zelenskyy to hold first summit on Ukraine conflict
Russian President Vladimir Putin will for the first time hold formal talks with his Ukrainian counterpart, Volodymyr Zelenskyy over the conflict in Ukraine's east on Monday in a much-anticipated summit in the French capital, Paris.
China says hopes to reach trade deal with US as soon as possible
China said it hopes to make a trade deal with the United States as soon as possible, Reuters reports. “On the question of China-US trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others’ core interests, reach an…
No reason to show that employment has come down: Govt tells Lok Sabha
The Labour and Employment Minister also said the government is implementing various schemes for generating more employment
Greenpeace Southeast Asia report says abuse of migrant fishers akin to modern slavery
Thirteen foreign distant water fishing vessels have been accused of abusing migrant fishers from Southeast Asia, in cases so severe it has been characterised by many as “modern slavery”. A Greenpeace Southeast Asia report called Seabound: The Journey to Modern Slavery on the High Seas presents a snapshot of the living and working conditions of …
Qatar Petroleum announces implementation of ICV Policy from January ’20
Qatar Petroleum (QP) has announced the implementation of the In-Country Value (ICV) Policy in the Energy Sector starting from January 2020 through Tawteen, the localization programme for services and industries in Qatar’s energy sector.
Chinese library burns religious and pro-democracy publications
Scholars concerned for safety as online criticism removed from all websites in China.A library in Gansu, China announced in October that it would begin to examine its collections and remove publications that encouraged thoughts against the Chinese Communist Party (CCP).
Vice President highlights limp action to prevent illegal trade
Despite the inability to prevent and control illegal trade effectively, illegal goods worth over Ks15 billion were confiscated over the past 14 months, Vice President Myint Swe told local businesspeople. The Private Sector Development Committee held the 31st meeting with Myanmar entrepreneurs at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on December 8.
Saxo Bank Reports Worst Monthly FX Volumes in 4 Years
Saxo Bank posted a month-on-month drop across the board for foreign exchange, commodities, fixed income and equities trading volumes in November.
Altron acquires identity security firm Ubusha for R360m
Once integrated, Ubusha will merge with Altron’s existing Cybertech to form Altron Security Solutions.
Henry Gabay and Mel Morris: What a new investment partnership will mean for Derby County
The club is in advanced talks with Henry Gabay, the co-founder and chairman of Duet Group, over an investment partnership, and a deal is expected to be completed this month
The best and worst regional housing markets
CoreLogic names the best and worst performing regions in the country.
5 Cryptocurrency Trading Tips (By a Trader)
The difference between an unprofitable or slightly profitable trader, and a wildly profitable cryptocurrency trader, are often just a few tiny tweaks to the trader’s mentality and strategy.
Asian markets subdued ahead of key US-China tariff deadline
Asian stocks edged up on Monday following surprisingly strong US jobs data, but gains were subdued amid concerns over the [...]
Ericsson pays over USD 1 bln to resolve bribery charges in the US
Ericsson has agreed to pay USD 520.6 million and USD 458.4 million (plus pre-judgement interest of USD 81.5 million) to settle bribery charges brought by the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), for a total of over USD 1 billion. CEO Borje Ekholm said the Ericsson can move forward and build a stronger company.
Irish skincare company Integumen raising £1.4m from share placing
Company to use funds to help boost revenues as it looks to double size of its laboratory
India: Analysing the fiscal impact of income tax cuts – Standard Chartered Bank
Economist at Standard Chartered Bank offered their take on the fiscal impact of an expected personal income tax cut – aimed at boosting consumption de
Manateq awards QR1.5bn project to GWC
Manateq (Economic Zone Company-Qatar) announced yesterday at a press conference that it has awarded the Al Wukair Logistics Park development project to Gulf Warehousing Company (GWC), Qatar’s leading logistics provider.
Top CEOs call out CompCom over #DataMustFall
Telkom’s Sipho Maseko and Johan van Zyl of African Rainbow Capital argue that the competition watchdog’s decisions on data prices will do more harm than good.
Naspers spin-off Prosus ups Just Eat offer to £5.1-billion
Naspers spin-off Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
Why Your Budget Needs 'Sinking Funds'
In last week’s post on How to Budget for Unexpected Expenses, I described sinking funds as “one of the best budgeting hacks ever,” which means it’s time for me to tell you how they work....
No reason that employment has come down due to demonetisation, says Gangwar
In response to remarks that demonetisation has severely impacted jobs, the Union minister said the government is implementing various schemes for generating more employment.
Big investors up call for governments to take climate action
MADRID (AP) - More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change.
Government debt is not a free lunch
With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150 percent of GDP even by the most conservative measure) without any great concern about long-term consequences. Advocates of much higher debt might be…
QC, Turkish metals sector to boost cooperation ties
The Qatar Chamber (QC) held a meeting yesterday with a trade delegation headed by the Chairman of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB) Tahsin Öztiryaki. The Qatari side was headed by QC’s First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari.
Ethiopian Group CEO named ‘Airline Executive of the Year’ by CAPA
ADDIS ABABA - Ethiopian Airlines Group CEO Mr. Tewolde GebreMariam has been recognized as ‘Airline Executive of the Year’ at the annual Global Aviation Awards for Excellence organized by Centre for Aviation (CAPA) in Malta on 5th December 2019. Mr. Tewolde GebreMariam won the title for his commendable individual influence on the aviation industry, demonstrating outstanding strategic thinking and innovative direction for the growth of Ethiopian Airlines and the aviation industry at large. Commenting on the accolade, Mr. Tewolde GebreMariam said,
Record outcome for Edinburgh legal firm Anderson Strathern
Mid-tier legal firm Anderson Strathern has booked record full-year results as it continues to secure high-profile work.
International Breweries opens N164b rights issue - The Nation Newspaper
International Breweries has opened application list for its N164 billion right issue, in a major recapitalisation that will see the Belgian core ...
ATOM Hotels Socimi expands its portfolio
MADRID - The REIT ATOM Hotels Socimi, incorporated in January 2018 by Bankinter and GMA, has confirmed the acquisition of the hotel Tryp Coruna formally owned by one Melia Hotels International Group’s companies, The four-star hotel is located in the historic center of La Coruna and offers 181 rooms. The acquisition represents 12.9 million euros. A new lease agreement has been signed with the Hotusa Group, which will operate the hotel under the EXE brand. GMA, ATOM manager, has led the rebranding
Hundreds of democrats and district councillors urge Hong Kong gov’t to scrap police pay rise plans
Hundreds of pro-democracy lawmakers and district councillors have urged the government to scrap a proposed pay rise for the embattled police force. Hong Kong has seen six months of large-scale protests. Initially against the now-withdrawn extradition bill, protesters are now focused on wider demands including an independent investigation of the police force for alleged brutality. […]
Turkey will always defend its interests, Defense Minister Akar says
Turkey is in favor of dialogue with regional actors when it comes to the Eastern Mediterranean, Defense Minister Hulusi Akar said Monday, adding that the...
No reason that employment has come down, says Gangwar
In response to remarks on demonetisation and the job cuts it caused these years, Labour and Employment Minister Santosh Kumar Gangwar said the government is implementing the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 to mitigate hardships caused by migration.
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule skyrocketed as much as 102% in early Monday trading after Merck agreed to acquire the company in a $2.7 billion tak...
Farmers blockade Tesco in ongoing row about beef prices
IFA president says supermarket’s half-price beef sale is an ‘insult to farmers’
Energy treaty 'undermines success of Green Deal'
Over 250 civil society organisations and trade unions say that the Energy Charter Treaty is incompatible with the Paris Climate Agreement and the new Green Deal - becoming an obstacle to the clean-energy transition.
European shares flat as China data stokes slowdown worries
(For a live blog on European stocks, type LIVE/ in an Eikon news window)Dec 9 (Reuters) - European stocks were flat on Monday as new data from China signalled a slowdown in the world's second-largest economy, stoking fresh concerns about slowing global growth.The pan-European STOXX 600 index was trading flat at 0803 GMT, after closing more than 1% higher on Friday following a robust U.S. jobs report.
PPP forum on exporting smart transport infra to be held
A forum on public-private partnerships for the export of smart technology-based public transport infrastructure is set to be held in Seoul on Thursday, the Seoul City government said Monday. Hosted by the Seoul Metropolitan Government, the forum will look at emerging trends in smart transport systems, Seoul’s smart transport policies and the municipality’s support for private companies looking to br...
FMBN has low capital base – MD
The FMBN does not have a strong capital base and this is affecting the availability of low-cost housing in Nigeria.
Shakti Pumps hits 52-week low as CARE downgrades bank facilities
The outlook for the long-term rating of the company has been revised from 'Stable' to 'Negative'.
AUD/USD slides to 0.6820 horizontal support
The AUD/USD pair refreshed daily lows during the early European session on Monday and is currently placed near the 0.6820 horizontal support. The pair
Big investors up call for governments to take climate action
MADRID (AP) - More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change.
NBA Rumors: Nuggets Could Acquire Kevin Love For Paul Millsap Or Gary Harris, Per Sean Deveney
With the Cleveland Cavaliers now willing to listen to trade offers for veteran big man Kevin Love, a new report suggests that the Denver Nuggets could be among the teams that could benefit the most ...
Tesco leads FTSE 100 risers as it weighs up Asia sale
Shares in Tesco rose more than five per cent in early trading as investors welcomed reports that the company is exploring a sale of its Asian businesses.
Keysight Reports A Strong Quarter
Keysight Technologies reported a fiscal fourth quarter that beat analyst expectations.Fiscal 2019 saw adjusted operating income more than double from 2018.The valuation is attractive as the company's
Abyssinia Bank makes one billion birr profit
Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the financial year concluded June 30, 2019.
Airbnb invests as Zeus corporate housing raises $55M at $205M
As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer-term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living, which will list […]
Foreign capital inflows into telecoms rise by $659.03m
The country’s desire to deepen broadband penetration nationwide is hinged on capital investment into the telecom sector. IFE OGUNFUWA examines how the sector has fared in investment in the past two...
Anambra Business and Investment Roundtable seeks to shape the future
The 3rd edition of the Anambra Business and Investiment Rountable (ABR) took place on November 25, 2019; the theme was “Beyond Infrastructure
Invest In Crypto Stocks Instead Of Actual Cryptocurrency
Just a few short years ago, buying up cryptocurrency was all the rage. In theory, you could spend a little on Bitcoin or one of the other popular cryptocurrencies, and cash out with an astonishing rate of return....
Russia plans to set up Arctic air defence 'dome' with S-400 missiles
Russia plans to establish an air defence "dome" across its polar region by arming all of its Northern Fleet's Arctic divisions with S-400 missile batteries, a Russian naval commander said on Monday. Russia has been stepping up its military presence in the Arctic, building new infrastructure
Jeff Bezos Says Big Tech Companies Should Ignore Employee Outcry and Partner With the U.S. Government
The U.S., he says, is 'the good guys.'
Bristol-Myers Squibb Co (NYSE:BMY) Given Consensus Recommendation of “Buy” by Brokerages
Bristol-Myers Squibb Co (NYSE:BMY) has been given a consensus recommendation of “Buy” by the nineteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price […]
ADB, Pakistan sign $1.3 billion loan agreement
Federal Minister for Economic Affairs Hammad Azhar was present on the occasion.
Stocks slip as investors weigh outlook for US-China trade
Tokyo (AP) - Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute.
UBank adopts Basiq's AI-powered tools to help Millennials budget
Open banking will help the NAB subsidiary crunch data to help younger customers save more.
Kannababu blames Naidu for denial of SCS
‘Telangana agrees to implement majority of panel recommendations on assets distribution’
Government nickel ore export ban to hit newly listed company
From its exports in 2018, Ifishdeco earned Rp 365 billion (US$26 million), more than double the Rp 140 billion pocketed from domestic sales.
17 habits of self-made millionaires who retired early
It takes a lot of diligence and dedication to retire early as a self-made millionaire.
Payday lenders have embraced installment loans to evade regulations – but they may be even worse
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
Controversial Company at the Centre of Sonko's Woes
As the flamboyant county head unleashed his battery of 12 lawyers, the controversial company behind his woes has been revealed as...
The Fed's recent repo crisis was the fault of big banks and hedge funds, new study finds
September's repo-rate spike was driven by big banks and hedge funds, the Bank for International Settlements wrote in a report released Sunday. T...
SIPRI: Global arms industry sales up 4.6% worldwide, U.S. companies dominate Top 5
For the first time since 2002, the top five spots in the ranking are held exclusively by U.S.-based arms dealers.
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
India, Australia review strategic ties in 2+2 secretarial talks
India and Australi deliberated on prevailing regional security concerns and explored ways for cooperation in field of defence industry and technology, said the Defence Ministry
Finland's new 34-year-old prime minister is the world's youngest
Finland's leading party has nominated a 34-year-old prime minister, making her the world's youngest premier in a women-led coalition cabinet after a political shake-up.
CEOs call for fiscal stimulus
Australia's top business leaders say infrastructure spending, tax cuts and investment breaks should be used to boost sluggish growth.
You won't need to be techy to work in tech
The top 15 emerging jobs say LinkedIn shows the rise of tech jobs that are open to anyone, as soft skills rise in importance alongside technical ability.
With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell
Because if you do, you’ll probably lose all your principal and a tax deduction would then be the only benefit to owning OCGN stock.
Arlene Foster says Boris Johnson 'broke his word' on preventing an Irish Sea border
Foster says government officials have told her there would need to be checks.
Boeing is promising 3 fixes to the faulty system behind the 737 Max crashes to let pilots stop it from forcing the plane into an unstoppable nosedive
MCAS, which was designed to automatically push the plane's nose down to stabilize it, was identified as a key factor in both 737 Max crashes.
CEOs want urgent action to boost economic growth
Chanticleer's annual survey of 40 CEOs has uncovered some sage advice for government on how to kick-start the economy.
Uncertainty over FIRS boss reappointment, as his tenure ends
The tenure of Babatunde Fowler as the Chairman of the FIRS ended last weekend and his special adviser has been announced as his replacement.
Blockchain: Tim Draper Backs VC Goren Holm Ventures, Firm Rebrands as Draper Goren Holm
Prominent venture capitalist and blockchain proponent Tim Draper has backed LA-based blockchain-focused venture firm. Goren Holm Ventures has received an invest
Artificial intelligence could wipe out 13,000 legal sector jobs
The adoption of new technologies such as artificial intelligence could lead to the UK legal sector shedding 13,000 jobs, according [...]
Peony (PNY) Achieves Market Cap of $21,714.00
Peony (CURRENCY:PNY) traded down 1.2% against the dollar during the 1-day period ending at 8:00 AM Eastern on December 9th. During the last week, Peony has traded 5.6% higher against the dollar. Peony has a market cap of $21,714.00 and $267.00 worth of Peony was traded on exchanges in the last 24 hours. One Peony […]
Magenta Therapeutics (NASDAQ:MGTA) Receives Neutral Rating from Goldman Sachs Group
Goldman Sachs Group reaffirmed their neutral rating on shares of Magenta Therapeutics (NASDAQ:MGTA) in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a $18.00 price objective on the stock. MGTA has been the subject of several other reports. ValuEngine cut Magenta Therapeutics from a hold rating to a sell […]
Things Are Going from Bad to Worse for Aurora Stock
Does Aurora Cannabis stock offer an intriguing, compelling trade? Yes. However, realistically getting to that point is a major problem.
Checks on goods needed to protect EU market - Coveney
Tánaiste and Minister for Foreign Affairs Simon Coveney has said that there will be a need for checks on goods moving from Britain into Northern Ireland in order to protect the EU Single Market.
Bloomberg Lists Top Cryptocurrencies of 2019: Bitcoin Comes in Second, With XRP And Stellar Lagging Behind
Bitcoin had a big 2019, with a 101% jump in price from $3,742 to $7,537 at time of publishing, according to CoinMarketCap. But despite its blockbuster performance, Bitcoin is not the number one crypto asset of the year, in terms of performance.
How a few common financial mistakes are costing small businesses
Stats and experts reveal that a few common mistakes in financial management are often proving to be heavy for small businesses all around. Some of the issues ar...
Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential
Mixed performance over the weekend nonetheless failed to inject volatility into Bitcoin markets, with attention now focusing on preserving support at $7,400.
Premium economy to be launched on Britain’s railway
Avanti West Coast is developing plans to introduce a middle tier between standard class and first class.
Bitcoin Climbs 2 Spots on China’s Latest CCID Ranking
China's Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than
Traffic jams cripple Paris as pension strikes halt trains
French President Emmanuel Macron girded for one of the toughest weeks of his presidency as his government prepares to present a redesign of the convoluted French pension system.
A bold escape from a negative rate world
The Riksbank will be the first central bank in Europe to exit negative rates, which have fostered political and social discontent without any material economic recovery.
Ulta Beauty: A Truly Beautiful Story For Investors
The company's financial performance was solid during the quarter, driven by new product management.Skincare and fragrance were particularly strong, in our view.With shares reacting well to the earning
Hormel: Great Dividend Grower, But Significantly Overpriced
HRL is a dividend aristocrat, with 50+ consecutive years of annual dividend increases.However, the company posted negative EPS growth in 2019 and analysts expect that trend to continue into 2020.HRL h
OKEx to Launch Crypto Options Trading Later This Month
Crypto exchange OKEx on Monday announced its plan to launch a crypto options trading platform.
McDonald's black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family, Business Insider - Business Insider Singapore
Business Insider - Over the past decade, black franchisees have seen the disparities between them and the rest of McDonald's franchisees grow.. Read more at businessinsider.sg
4 Cybersecurity Stocks to Buy for Long-Term Gains
Secular tailwinds underpinning the cybersecurity market remain as favorable as ever, meaning these four cybersecurity stocks are good buys.
Zen Protocol (ZP) Hits Market Capitalization of $736,884.00
Zen Protocol (CURRENCY:ZP) traded 8.6% higher against the U.S. dollar during the 1-day period ending at 8:00 AM ET on December 9th. Zen Protocol has a market capitalization of $736,884.00 and approximately $2,007.00 worth of Zen Protocol was traded on exchanges in the last day. One Zen Protocol coin can currently be bought for approximately […]
Banks could face forced legacy systems cull
RBA floats closure of direct debits for real-time automation.
Infrastructure developers await law on PPP - VietNamNet
The National Assembly is working on an investment law on public-private partnerships (PPP) which investors hope will settle legal conflicts.
Patterson Companies (NASDAQ:PDCO) PT Raised to $22.00
Patterson Companies (NASDAQ:PDCO) had its target price hoisted by Robert W. Baird from $19.00 to $22.00 in a research report report published on Friday, AnalystRatings.com reports. Robert W. Baird currently has a neutral rating on the stock. PDCO has been the subject of a number of other reports. Wolfe Research set a $17.00 target price […]
Scott Morrison doesn't know the meaning of productivity
Productivity won't save the economy when wages and demand growth have hit the floor.
Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits
The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.
McDonald’s black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family
Many black McDonald’s franchisees say they consider the fast-food giant to be a sort of McFamily. They have “ketchup in their veins,” dreaming of passing locations of the fast-food chain down to the next generation.
South Africa hit by massive power cuts as floods disrupt supply
Worst outages in a decade after heavy rains cause power stations to fail
Listed firm plans integrated property projects to weather bleak industry outlook
Bank Indonesia's policy to lower loan-to-value (LTV) ratios for mortgages by 5 percentage points, effective since Dec. 2, will likely improve the property sector.
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover, Business Insider - Business Insider Singapore
Business Insider - Merck offered $20 per share in the all-cash bid, more than double ArQule's Friday closing price. The deal is expected to close in early 2020.. Read more at businessinsider.sg
Legaltech: India’s Lawyered, a Legal Technology Company, has Raised $100,000 from Angel Investors
Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may ne
Labour group accuses Google of illegally firing workers to stifle unionism
Communications Workers of America union files federal labour charge.
Lies, damn lies and superannuation
It’s fair to say that Industry Super Australia (ISA) has a vested interest in raising the superannuation guarantee (SG) from the current 9.5% to 12%, since this would result in more funds under management to ‘clip-the-ticket’ on, and more fee revenue.
Plans to privatise BPCL suicidal for nation, says PSU officers' union
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
Boris Johnson takes private jet to avoid drive from Doncaster to Teesside
The prime minister flew the 84 mile journey to target Labour heartlands in the north east of England.
Reports: Ex-Arsenal boss Unai Emery contacted by Premier League club over managerial job
It has been reported that Unai Emery, who was sacked by Arsenal just ten days ago, has been contacted by another Premier League side – Everton – who asked him to take over their managerial role if possible.
How much do workers in Switzerland earn - and which jobs are the best paid?
Wages are high in Switzerland - which is just as well due to the sometimes prohibitive cost of living. But how much on average do Swiss people actually earn - and which jobs are the best paid?
General Motors pulls out of Russian car assembly business with Avtovaz deal
MOSCOW (Reuters) - Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (GM.N) from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.
The 5 Best Industrial Stocks to Buy for 2020
Assuming the economy avoids a protracted slowdown next year, these companies' catalysts could deliver strong gains for investors.
Kazakhstan plans more than $1 billion in fresh aid to banks: Sources
Kazakhstan plans to provide more than $1 billion in aid to at least four local banks after an asset quality review revealed holes in their balance sheets that require capital injections, two sources familiar with the plans told Reuters.
Buhari directs accountant-general, MDAs to make daily financial inflows public
Nigeria President Muhammadu Buhari on Monday directed ministries, departments and agencies of the government to publish daily treasury summary statements of financial inflows and outflows. President Buhari, represented by the Minister of State for Niger Delta, Tayo Alasoadura gave the directives at the official launch of the Financial Transparency Policy and Implementation Guidelines by the […]
SMBs’ Late Payments Pain Spreads Across Borders
Kenya, South Africa, Romania, the U.K. and Australia are all struggling with late invoice payments to small businesses, new data reveals.
Critical Comparison: Standard Chartered (OTCMKTS:SCBFF) & Hanmi Financial (OTCMKTS:HAFC)
Hanmi Financial (NASDAQ:HAFC) and Standard Chartered (OTCMKTS:SCBFF) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, dividends, profitability, earnings and risk. Profitability This table compares Hanmi Financial and Standard Chartered’s net margins, return on equity and return […]
Slowdown blues to limit rise in job creation at 7% in October-March: report
Positive hiring outlook was reported in sectors like healthcare & pharmaceuticals, information technology, e-commerce and tech start-ups, educational services, KPO, power and energy, and logistics
17 habits of self-made millionaires who retired early, Business Insider - Business Insider Singapore
Business Insider - Early retirees tend to share the same habits when it comes to growing wealth, living their ideal lifestyle, and having a positive frame of mind.. Read more at businessinsider.sg
Minet Wins Insurance Brokerage of the Year Award
NAIROBI, Kenya, Dec 9 - Insurance brokerage firm, Minet Kenya has been voted the Best Insurance Brokerage Company of the year for 2019 at this year’s Think Business Insurance awards. The firm was also awarded the
Don’t Let China Win the Green Race
America should be leading the way on clean energy, not falling behind.
Wythenshawe finally has its own Screwfix...and it could mean great things for local charities
The new Sharston store could mean a boost for Wythenshawe charities, thanks to the Screwfix Foundation
Kenneth Hayne's climate rebuke 'unfair'
Australia's biggest pure-play coal miner believes the High Court judge's criticism of Australian company directors on climate risk was unfair.
Intertek Group (ITRK) – Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for Intertek Group (LON: ITRK): 12/9/2019 – Intertek Group had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. 11/27/2019 – Intertek Group had its “neutral” rating reaffirmed by analysts at UBS Group AG. 11/27/2019 – Intertek Group had its price target […]
Gold Technical Analysis: The set-up seems tilted in favour of bearish traders
Gold regains some positive traction amid persistent trade uncertainty. The upside is likely to remain capped ahead of the FOMC policy update. Gold rem
Benchmark Lowers Harvard Bioscience (NASDAQ:HBIO) to Buy
Harvard Bioscience (NASDAQ:HBIO) was downgraded by analysts at Benchmark to a “buy” rating in a research note issued to investors on Monday, The Fly reports. HBIO has been the subject of several other research reports. ValuEngine cut Harvard Bioscience from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Zacks […]
Ghana considering ‘sea bus’ system to fight consistent traffic, here’s how
The Coastal Development Authority in Ghana has said that it is considering a proposal to develop a ‘sea bus’ system to promote transportation between coastal regions.
Premium economy to be launched on Britain’s railway
Avanti West Coast is developing plans to introduce a middle tier between standard class and first class.
Sandler O’Neill Downgrades FB Financial (NYSE:FBK) to Hold
FB Financial (NYSE:FBK) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, The Fly reports. Several other analysts also recently weighed in on FBK. Zacks Investment Research raised shares of FB Financial from a “sell” rating to […]
Beyond cricket and curry: India could be the next big thing
The India-Australia relationship has been a bit stuck - but it doesn't have to be that way.
Gladstone Land: It's Economics 101
Farmland is the perfect asset class because the lower supply of arable land leads to higher profitability for the most fertile farm.In turn, that leads to steady appreciation of value and rental growt
A2 Milk wanted a change agent but was rattled by Hrdlicka's speed
The sudden departure of a2 milk chief executive Jayne Hrdlicka has shocked investors but the discord between her and the board rendered the CEO continuing in the job impossible.
Boeing is promising 3 fixes to the faulty autopilot behind the 737 Max crashes to let pilots stop it forcing the plane into an unstoppable nose-dive
Boeing is promising three fixes for the faulty autopilot system widely attributed as a cause of two deadly crashes by the 737 Max plane, CBS News reported Sunday.
Jaded Gittins pleads for budget honesty
Via a demoralised Ross Gittins:
China tech/Lenovo: battle standard
Beijing should remember that all armies depend on their supply lines
Paris-based Ankorstore, the B2B marketplace redefining retail, raises €6 million to expand across Europe
Just two weeks after Ankorstore’s official launch, the Paris-based startup has closed their first round of funding at €6 million, led by Global Founders Capital, Alven and Aglaé Ventures. Over the next few months, Ankorstore plans to triple its workforce, by hiring developers, business developers and customer support.
Five major industrial fire accidents that shook the nation's conscience
Each of these mishaps snuffed out innocent lives, often due to negligence on the part of the authorities
Trade war goes digital: countries eye tariffs on Internet economy
Potentially forcing people to pay duties on software and movie downloads.
Airasia sees non-airline segment as top earner
KUALA LUMPUR: AirAsia Group Bhd (AirAsia) believes the non-airline businesses under its subsidiary RedBeatVentures have the potential to outperform the airline business in the next two to three years.
Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has
Suraksha Realty confident of acquiring Jaypee Infra, voting from Dec 10
Suraksha Realty is owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi
Government defends R&D law changes
The Coalition will have a second crack at passing R&D reforms in February, but some companies are warning the proposals are insufficient and out of date.
3 Tax Mistakes You're Probably Making Today
If you're falling victim to these blunders, you're throwing money away or opening the door to problems you really don't need.
Bitcoin, Ether, and XRP Weekly Market Update December 9, 2019
The total crypto market cap added $6.5 billion of value during the last seven days and now stands at $204.2 billion. The top 10 currencies are mostly in red for the same time frame with Bitcoin SV (BSV) and Litecoin (LTC) being the best performers with 7.6 and 4.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $7,505 while ether (ETH) stands around $150. Ripple’s XRP is trading at $0.228.
Credit Unions Find Opportunity In Payments Disruption
CULedger discusses credit unions' opportunity in payments innovation by being "rail agnostic" and supporting digital identity, data exchange and value exchange.
Paul Volcker, the towering former Fed chairman and economist, has died at age 92, Business Insider - Business Insider Singapore
Business Insider - Former Federal Reserve Chairman Paul Volcker has died. Volcker helped to rein in the US's persistent inflation problem and reset the economy.. Read more at businessinsider.sg
Bangladesh army chief begins four-day historic visit to Myanmar
TOKYO: Japan is weighing inviting Iran’s President Hassan Rouhani for a state visit, Prime Minister Shinzo Abe said Monday, as local media reported the trip was likely to happen this month. Japan has been trying to forge a possible mediator role as tensions rise between its ally Washington and Tehran. Local media has reported in recent days that Rouhani is likely to visit
Lennar (NYSE:LEN) Research Coverage Started at Goldman Sachs Group
Goldman Sachs Group initiated coverage on shares of Lennar (NYSE:LEN) in a research report released on Friday morning, 24/7 WallStreet reports. The firm issued a buy rating and a $71.00 price objective on the construction company’s stock. Several other research analysts have also issued reports on the stock. JMP Securities increased their target price on […]
Oil bulls gearing up for a rally, but Trump may play spoilsport
Oil traders should remain cautious and not get too carried away by the Opec+ saga.
You too could have your nest egg looked after by Goldman Sachs
Bank to offer wealth management services to individuals with as little as $5,000
Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures
FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it sec
Petrol Price Reaches Rs 75 Per Litre, Diesel Crosses Rs 66 Mark, First Time in One Year
Though the diesel rate has been moderate, the price of petrol has been on the rise since November 9.
Jobs of the future are clustering in a handful of US cities: Study
A new analysis of where "innovation" jobs are being created in the United States paints a stark portrait of a divided economy where the industries ...
Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92
Mr. Volcker helped shape American economic policy for decades, notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the 1970s and ’80s.
Pakistan’s population growth rate highest among neighboring Countries
ISLAMABAD, Pakistan: The National Assembly was told that with population of 218.326 million (projected) in 2019, Pakistan has become the 5th most Populous Country in the world, and its population growth rate is the highest among the neighboring Countries. In reply to a question by Pakistan Muslim League-Nawaz’s (PML-N) MNA Ms. Mehnaz Akber Aziz, the Minister for National Health Services, Regulations and Coordination told that in 2017, Pakistan was the 6th Most Populous Country in the world. The minister told that according to Housing & Population Census Report 2017, Pakistan’s population was 208.7 million, with population growth rate of 2.4% per annum. The national health services minister further told that on basis of the World Bank (WB) Report ‘Pakistan@100-Sharing the Future 2047’ published during March 2019, the Country Director World Bank claimed that with the present growth rate, Pakistan’s population will be 376 million after next 28 years, i.e. in 2047. Also Read: About 200,000 Pakistani pilgrims to perform…
Madrid-based Fintech StudentFinance Raises $1.27 Million in Seed Round Led by Seedcamp
StudentFinance, a Fintech firm launched by the founders of Uniplaces, recently revealed that it had secured €1.15 million (appr. $1.27 million) in seed fundin
Professor: Why Should the World Bank Take Orders from the United States?
US President Donald Trump criticized the World Bank’s decision to lend more money to China and said it needs to stop giving it loans after the international financial institution approved a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
ORC Heavy Rainfall Update #8 - 9 Dec 2019
9 December 2019
Banks to quiz borrowers about Netflix, private school
Lenders should be asking customers to prove they can save money for loans by cancelling their Netflix subscriptions under new responsible lending guidelines.
AUD/USD struggles to recover despite modest USD weakness, trades around 0.6820
The AUD/USD pair snapped its four-week losing streak last week but seems to be having a tough time pushing higher on Monday. After moving sideways bel
Currency in circulation rises to Rs 21 lakh crore as on March 2019: Anurag Thakur
India Business News: Currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019, having dipped to a mere Rs 13 lakh crore at the end of fiscal 2016-
Paul Volcker, the towering former Fed chairman and economist, has died at age 92
Paul Volcker, the legendary economist who served as the 12th chairman of the US Federal Reserve, died Sunday at the age of 92.
Nvidia lawyer pushes court to dismiss cryptocurrency mining chip lawsuit
Graphics card manufacturer Nvidia is fighting to have a lawsuit dropped that alleges it misled investors over its failed cryptocurrency mining chip.
Boeing is promising 3 fixes to the faulty autopilot behind the 737 Max crashes to let pilots stop it forcing the plane into an unstoppable nose-dive, Business Insider - Business Insider Singapore
Business Insider - The faulty MCAS software, which was designed to push the plane's nose down to stabilize the jet, was a key factor in both 737 Max crashes.. Read more at businessinsider.sg
Wages killer: Skilled visa pay crashes below Aussie average
In the years leading up to the May federal election, the Morrison Government and its supporters used Australian Taxation Office (ATO) data to lobby against Labor’s policy changes to negative gearing, claiming that those earning $80,000 were ‘middle-income earners’.
5 things you need to know about the planned SkyTrain shutdown
Here's what you need to know right now about the planned SkyTrain strike scheduled to begin early Tuesday morning.
ISS recommends shareholders vote against Baker-led offer for HBC
TORONTO — An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Abe confirms visit to Japan by Iran's Rouhani under discussion
Prime Minister Shinzo Abe said a visit by Iranian President Hassan Rouhani is being considered, the first official confirmation that a trip by him could ta
Marginal Rejig In GST Structure Can Be Combined With Income Tax Cuts
The right thing to do is to accept a slightly higher rate of fiscal deficit in the short run.
Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $230.00
Ulta Beauty (NASDAQ:ULTA) had its target price raised by Nomura from $215.00 to $230.00 in a report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a reduce rating on the specialty retailer’s stock. A number of other brokerages also recently issued reports on ULTA. Stifel Nicolaus dropped their price target on Ulta Beauty […]
A cancer-drug developer’s stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule spiked as much as 102% in early Monday trading after Merck said it would acquire the firm in a $2.7 billion takeover.
China to replace all foreign hardware and software at government and public institutions by 2022
Among several developments in the US-China trade war has been the latter's push to make itself technologically independent of the US semiconductor industry. A major step in this direction is an order passed by the Chinese Communist Party, to push…
-$0.31 Earnings Per Share Expected for Arlo Technologies Inc (NYSE:ARLO) This Quarter
Wall Street brokerages expect Arlo Technologies Inc (NYSE:ARLO) to post earnings of ($0.31) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Arlo Technologies’ earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.29). Arlo Technologies posted earnings per […]
Global weapons sales up; US leads market
The global arms industry continues to grow with total sales up 4.6% last year, according to data from the Stockholm International Peace Research Institute (SIPRI) released Monday.
What To Remember From Ulta Beauty's Q3 Earnings
Ulta Beauty reported numbers that exceeded expectations and show that the growth deceleration is stabilizing.Ulta is outperforming its competitors significantly by improving customer satisfaction and
Global financial watchdogs take aim at Big Tech's data dominance
Could be forced to share data on financial services customers with banks.
7 Low-Risk Mutual Funds to Buy Now
An array of low-risk mutual funds spanning multiple asset classes are currently available to investors. Here are seven worth a look.
Macron's France: Fifth Day of Anti-Reform Strikes Cripple Paris
Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways.
Risky business: Why gov’t made sure Manila Water, Maynilad would earn
Part 2: What is 'onerous' now was logical before. Rappler looks at the history of how government enticed the private sector to take over water services.
Caltex indolence invited takeover bid
Dozy oversight of cruising management has all but goaded a bidder out of the woodwork.
China to remove foreign tech from government offices amid US trade war
The policy — which reportedly affects both hardware and software — could strike a big blow to American tech companies such as Microsoft, HP and Dell.
Global stocks whacked as China export decline highlights trade war damage
LONDON, Dec 9 — Global equity markets were in a sombre mood today after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial December 15 tariff deadline. The only big winner of the day was the British pound which surged to...
If You Haven’t Ditched NBEV Stock Yet, Now Is the Time
NBEV stock is an irredeemable loser. The CEO is selling shares and the company is in debt and losing money.
Menton: Government and FIFA intervention needed for FAI
Former FAI treasurer and general secretary Brendan Menton believes intervention from the government, FIFA and further support from UEFA is necessary to keep the FAI a going concern.
Former Oracle Product Manager Claims He Was Forced Out For Refusing to Sell Vaporware
A former Oracle employee filed a lawsuit against the database giant on Tuesday claiming that he was forced out for refusing to lie about the functionality of the company's software. The civil complaint, filed on behalf of plaintiff Tayo Daramola in U.S. District Court in San Francisco, contends tha...
HSBC shakes up senior management after 'unacceptable' third quarter
HSBC has replaced its investment banking boss and group chief operating officer in a raft of changes due to take effect in 2020.
Tank: Chamber blasts Saskatoon budget despite business-friendly taxes
The business lobby group calls city hall's two-year budget 'disappointing' even though the city boasts a favourable commercial tax ratio.
Analysis: FCMB is running out of time
Despite some of the transformations currently being recorded in the bank, success and consistency seem to be eluding it.
Wales to begin Euro 2020 build-up with Austria friendly
The Dragons line-up against Italy, Switzerland and Turkey in Group A this summer.
Ho, Ho, Ho, or No, No, No: Will BTC See a Santa Rally This Year?
Since its creation, the price of BTC has often seen sustained increases through the last week of the year. Could this year be different?
Tea Board considering new export cess to fund promotion and marketing
While the rate of the cess is yet to be finalised, sources say it could be around Rs 2 per kg of export
Entrepreneur Development Ministry, MTDC collaborate to prepare SMEs for digital technology
BANGI, Dec 9 — The Ministry of Entrepreneur Development (MED) has forged a cooperation with Malaysian Technology Development Corporation (MTDC) to prepare the small and medium enterprise (SME) to shift to utilise digital technology in their business. MED Secretary-General Datuk Wan Suraya Wan Md...
GRAINS-Soybeans at 2-week high as China tariff waivers add to trade hopes
* Soybeans up for 5th session on hopes of U.S.-China deal * China to exempt some U.S. soybeans, pork from tariffs * Wheat eases, corn little changed ahead of USDA data (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Dec 9 (Reuters) - Chicago soybean futures rose for a fifth straight session on Monday to their highest in almost two weeks, after China's announcement last week about tariff waivers for U.S. soybean and pork encouraged hopes of a trade agreement.
Prosus increases its offer for Just Eat, with a new twist
The latest offer makes more sense and increases the chance of success.
M&S shares jump after Goldman Sachs hikes rating
Shares in Marks & Spencer jumped this morning after investment bank Goldman Sachs hiked its stock rating following improvement in the retailer’s troubled clothing and home division.
Prosus hikes hostile bid for Just Eat
LONDON, Dec 9 — Prosus, Europe’s largest consumer-tech company, said today it has hiked its hostile takeover bid for Just Eat, in an attempt to derail the latter’s merger deal with peer Takeaway.com. Prosus announced in a statement that it has lifted its bid to £74 pence per share or about...
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
Telecommunications: The bright spot in a fragile economy
The positive momentum in Nigeria’s telecommunications sector continued into the month of October
There’s No Scare In NSO’s Consumption Data; It’s All About Falling Costs Of Food And Health Services
Falling costs of food and healthcare seem to have contributed to the fall in rural household expenditure.
Aluminium firms seek cut in input duties as production costs, imports swell
Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina
OPEC reaches deal to cut oil production
The powerful Organization of the Petroleum Exporting Countries (OPEC) and its allies reached a deal Friday to cut production by 500,000 barrels per day in...
Will States relax the rules on busking?
STREET entertainers will be allowed to use amplifiers while performing if proposals to relax Jersey’s busking laws are approved by the States this week.
3 Big Stock Charts for Monday: Hanesbrands, Canada Goose, and Ball Corporation
Monday's big stock charts, including GOOS stock, highlight three names looking for direction and hoping for help from the broad market.
10 things you need to know before the opening bell
Here is what you need to know.
5 Reasons to Buy Aphria Stock Before Pot Stocks Start Moving Again
Aphria stock has taken a beating in recent months, but there are at least five reasons why Aphria shares could be headed higher soon.
5 Bold Predictions for the Stock Market in 2020
Some scenarios that could play out over the next year.
Turkey Not in Hurry to Buy Fighters From Russia, Hopes to Get Them From US - Turkish Defence Minister
Turkish President Recep Tayyip Erdogan stated in November after a meeting with his US counterpart Donald Trump in Washington that Ankara might purchase US Patriot systems, but it considers the US requests to get rid of Russia's air defence systems S-400 an infringement of its sovereignty.
Silicon Labs Executing On Its IoT Opportunity, With Infrastructure Likely To Get Better In 2020
IoT continues to drive Silicon Labs' growth, and particularly its strong wireless portfolio, which saw better than 20% growth in the third quarter. Infrastructure is being held back by weakness in the
FG to sign MoU on Ajaokuta Steel in January 2020 — Minister
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite has said that the Federal Government will sign a Memorandum of Understanding (MOU)...
Operation Peace Spring aims to preserve Syria's territorial integrity, VP Fuat Oktay says
Turkey aimed to preserve the territorial integrity of Syria with Operation Peace Spring, Vice President Fuat Oktay said Monday. 'A more than...
The Russian Navy Has Some Problems
Yes, they received 23 new ships this year. That's where the good news ends.
iDreamSky in Talks to Buy Gaming Company Leyou for $1.4 Billion
iDreamSky has entered negotiations for the takeover of Leyou Technologies and has reportedly submitted a $1.4 billion bid.
EUR/USD Technical Analysis: Flirting with daily tops, around 1.1075 region
The EUR/USD pair built on its intraday positive move and is currently placed near the top end of its daily trading range, around the 1.1075 region. Th
Ericsson pays $1bn to settle corruption probe
Networking giant reaches settelement following accusations of corruption by US authorities
Turkey hopes to still receive F-35 stealth fighters from US
It is premature to talk about Turkey’s purchase of Russian fighter jets as Ankara still expects to receive American F-35 aircraft, Turkish Defence Minister Hulusi Akar stated. “We must wait and see how things develop. Turkey is an independent state and it will do what it sees fit. If the US refuses to fulfil its obligations on the supply of F-35s, we can find other suppliers. Many planes are manufactured in the world, and finding an option is not a problem. But we want to cooperate with the United States because it is our partner”, Akar said on the television channel NTV. He added that Ankara has explained the situation to its American partners many times, and US President Donald Trump admits that it is the right thing. Earlier in December, US Senators Lindsey Graham and Chris Van Hollen sent a letter to Secretary of State Mike Pompeo telling him that patience with Turkey had long expired and asking the administration to apply Countering America’s Adversaries Through Sanctions Act (CAATSA) sanctions. Last month…
Bristol City's Championship rivals Leeds United set for huge £120m cash injection in promotion boost - reports
It could play a big part in the January transfer window
The daily business briefing: December 9, 2019
Democrats and the White House reach a deal on parental leave, Frozen 2 dominates the box office for a third week, and more
Traffic jams cripple Paris as pension strikes halt trains
PARIS (AP) - Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways for a fifth straight day.
Hong Kong braces for wave of store closures after protests: HKRMA
HONG KONG (Reuters) - More than one in 10 retailers in Hong Kong could close down in the next six months as social unrest and sometimes violent protests deter tourists, threatening the survival of smaller operators, the city’s main retailing group said on Monday.
The Fed's liquidity problem hasn't yet gone away — and an abrupt shock may be looming in 2020, Business Insider - Business Insider Singapore
Business Insider - Even with hundreds of billions of dollars in new liquidity created out of thin air, it's too soon for the Fed to signal a clear coast for repo markets.. Read more at businessinsider.sg
Stay away from YES Bank till fund raising takes place: Gurmeet Chadha
There is news that YES Bank may deny Erwin Singh Braichs offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
Massif Capital - Diamond Offshore Drilling Inc.
Diamond has been a painful investment for our portfolio.We invested too early in the cycle for offshore equipment, and the trough of the cycle has been extended beyond our modeled scenarios.We will ai
Japan PM Abe says visit by Iran's Rouhani being arranged
TOKYO — Japanese Prime Minister Shinzo Abe said Monday his country is arranging a visit by Iranian President Hassan Rouhani because it wants to play a greater role in resolving a nuclear impasse between Tehran and Washington and in relieving tensions in the Middle East, the source of more than 80% of Japan’s oil.
Minister urges shoppers to boycott ‘un-Australian’ Coles
Senior Nationals minister David Littleproud has called for shoppers to boycott Coles until it puts a 20-cent levy on all dairy products to help farmers.
Gary Kirsten open to helping South Africa and add value
Cricket News: With Cricket South Africa (CSA) looking down the barrel, former opener and coach Gary Kirsten could return to help the team in a mentor's role for the
What Should Investors Expect From Advanced Micro Devices Stock in 2020?
Advanced Micro Devices stock more than doubled in 2019, but will its momentum carry into 2020? Here are a few things to know about AMD stock.
Zacks: Alamo Group, Inc. (NYSE:ALG) Given Average Recommendation of “Buy” by Analysts
Alamo Group, Inc. (NYSE:ALG) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Brokers have set a 1-year consensus target […]
Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over?
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally
Lack of Profitability Is a Significant Risk for Zillow Stock
A lack of profits has kept Zillow stock stuck in neutral for 3 years, and it looks like these profitability issues are here to stay.
JNU protests: Students take out demonstration march, traffic hit in South Delhi
JNU students took out the protest march to the Rashtrapati Bhavan demanding an appointment with the president, who is also the visitor of the university, to seek his intervention in the hostel fee hike issue
Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $35.73
Huazhu Group Ltd (NASDAQ:HTHT) has earned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price […]
Winds Might Be Changing For Vestas
The company has grown fast in a favorable market environment, having a 5-year CAGR if 8%.Despite the record-high order backlog in Q3/2019, the company identified the impact of tariffs and increased ex
10 things you need to know before the opening bell
Here is what you need to know.
We inherited N100b debts not N30b, says AbdulRazaq
Kwara State Governor AbdulRahman AbdulRazaq on Monday said that his administration inherited a sum of N100 billion debts from the former government of...
CP Rail train derails near Lanigan, Sask., sparking fire that closes highway
A Canadian Pacific freight train hauling crude derailed overnight sparking a fire that forced the closure of part of a major highway south of Humboldt, Sask.
Jumia to Cease Operations in Rwanda, Shuts Down Jumia Travel in Nigeria
Jumia is continuing with its optimization moves where they'll cease operations in Rwanda and shut down Jumia Travel in Nigeria
Bitcoin Price Shows ‘Uncanny Resemblance’ to 2018 Breakout Pattern
BTC has hovered between bullish and bearish attitudes. But one chart analyst sees a possible scenario, as the bitcoin price action in the past months
Nigerian govt directs Accountant-General, MDAs to publish daily financial statements
The government will also publish monthly reports showing revenue receipts from all collecting agencies and payments out of the federation account.
African governments struggle to turn around loss-making airlines
However, Ethiopian Airlines has bucked the trend.
Jose Mourinho contacts with Marouane Fellaini to convince him to join Tottenham Hotspur in January
Jose Mourinho contacts Marouane Fellaini to convince him to join Tottenham Hotspur as the winter transfer window approaches in January.Jose Mourinho has revived the struggling Tottenham Hotspur after taking the charge of the club, but it is still remained to be seen whether it is just a phase or is Portuguese manager is actually hitting the potential of the squad.Nevertheless, Mourinho took the charge of the club in the middle of the season and did not have time to bolster his squad. So, the first opportunity he has to do any upgrades is in January. According to a report by Les Sports claim Mourinho has got in touch with Fellaini over a move to Spurs with the 32-year-old his main priority transfer target in January.Last time Mourinho worked with Fellaini was in Manchester United, both left the Old Trafford in January 2019, since then the Belgian midfielder has been playing in the Chinese league with Shandon Luneng in January 2019 after five-and-a-half years in Manchester. He has performed heroically in China…
Man Loses House After Failing To Pay $8.41 In Property Taxes
An 83-year-old man has sued the government after losing his house over an outstanding debt of just $8.41 in property taxes
Greek fighter jet locks in on Turkish warships near Cyprus: photos
BEIRUT, LEBANON (2:30 P.M.) – A Greek fighter jet locked in on a Turkish frigate that was traveling off the coast of Cyprus on December 8, 2019, the Aviationist reported. Citing photos from the Twitter profile of journalist Yannis Nikitas, the Aviationist reported that a Greek Mirage 2000 jet targeted the Turkish frigate with Exocet anti-ship missiles during a show of force over the weekend. “In the photos we can see the HUD of a Mirage 2000, recognizable also by the characteristic Mirage refueling probe, as it gets a lock on a ship which, according to the caption, could be a Turkish frigate. On the left side of the HUD we can see a “M39” label, showing that the pilot selected the AM-39 Exocet anti-ship to perform the lock on the ship,” the publication said. Relations between Greece and Turkey have been rocky this year after Ankara began drilling for oil off the coast of Cyprus. This move by Ankara prompted Cyprus, Greece, and Egypt to issue a joint statement condemning Turkey for violating international law.…
Shopify: Beware Of Deceleration
Shopify is up 160% year-to-date, crushing the S&P 500's year-to-date performance.While the company continues to put up record revenue each quarter, there are signs that we're seeing even more material
Leading Saudi banks to maintain strong profitability – Moody’s
Riyadh – Mubasher: The three largest banks in Saudi Arabia, namely: National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), are expected to maintain strong profitability and efficient cost structures, according to a report by …
Explained: The WTO’s dispute settlements mechanism is all but dead. This is why India should worry
Trump sees the WTO -- which seeks to ensure equal treatment for all its members -- as standing in the way of "America First", tying its hands when it tries to protect American workers or seeks to effectively employ the advantages of being the world's most powerful economy.
3 Big Things Today, December 9, 2019
Soybeans were higher in overnight trading on U.S.-China trade optimism.
French unions dig in against Macron on fifth day of strikes
PARIS (Reuters) - Drivers on two Paris metro lines voted on Monday to extend a walkout until the end of the week as France grappled with a fifth day of strikes, a sign transport workers will keep up a fight against President Emmanuel Macron’s plans to streamline pensions.
Rate cap: Who between governor and banks will blink first?
Njoroge has a tough task of ensuring that in post rate capping regime, Wanjiku is protected from ravenous lenders
Traders want shops in temporary bus stand
They also demand new bus stand under Smart City programme
Israel Shares Its Connectivity Routes Allowing India to Bypass Strait of Hormuz
New Delhi (Sputnik): India has been taking steps to ensure the uninterrupted supply of energy including the deployment of its sailors and warships in the Strait of Hormuz. The situation arises against the backdrop of attacks on oil tankers amid tensions between Iran and the US.
China reportedly bans foreign technology in its government and public offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
Hungary’s Central Bank Issues Warning stating that Traditional Lenders Might Be Forced Out of Market Due to Competitive Fintech Firms
Some of Hungary’s financial institutions might be forced to exit the market as they may not be adequately prepared to continue to compete with challengers fro
French unions dig in against Macron on fifth day of strikes
PARIS (Reuters) - Drivers on two Paris metro lines voted on Monday to extend a walkout until the end of the week as France grappled with a fifth day of strikes, a sign transport workers will keep up a fight against President Emmanuel Macron’s plans to streamline pensions.
All Xinjiang de-radicalization trainees graduate, find jobs, lead happy life: official
Trainees who used to be influenced by extremism have all graduated from the vocational education and training centers in Xinjiang, a senior official with Northwest China's Xinjiang Uyghur Autonomous Region told reporters in Beijing on Monday.
'Extend and upgrade the Metro': Planning expert's plea to politicians vying for Number 10
James Hall said improving the Metro should be a key manifesto commitment from the main political parties
Atrium Mortgage Investment (TSE:AI) Hits New 1-Year High at $14.39
Atrium Mortgage Investment Corp (TSE:AI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$14.39 and last traded at C$14.33, with a volume of 30830 shares. The stock had previously closed at C$14.24. AI has been the topic of several recent analyst reports. TD Securities boosted […]
Can Buy Now Pay Later Solutions Cut Through The Holiday Noise?
U.S. consumers are expected to spend roughly $149 billion online this holiday season — but many are still paying off credit card bills from last year's splurge. Getting consumers to spend, without making them feel overextended, may require new methods. In the inaugural Buy Now, Pay Later (BNPL) Tracker, Nick Kaplan, president of fashion brand Fashion To Figure, explains how BNPL solutions are becoming key to giving consumers financial flexibility and merchants more sales.
EUR/CHF Could Find Upside In 2020
The euro has fallen against the Swiss franc over the majority of its life.However, the EUR/CHF interest rate differential remains in a positive position (on a central bank rate basis, the spread is po
U.S. Lobbyists Seek Brexit Deal That Raises Drug Prices, Shreds Consumer Safeguards
The Brexit deal may be a Trojan horse for U.S. corporate interests, from Silicon Valley and American pork to pharmaceuticals.
Phones 4U billionaire John Caudwell tells John McDonnell he may leave the UK if Labour wins the election
Billionaire Phones 4U founder John Caudwell told shadow chancellor John McDonnell today that he was considering leaving the country if the Labour Party wins Thursday’s General Election.
EU opens subsidies for electric battery push
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries.
Pound-New Zealand Dollar Forecast: Fighting to Hold 2.0 Level
There is a distinct possibility that GBP/NZD does in fact go lower as foreign exchange markets engage in 'buy the rumour, sell the fact' behaviour on the election result.
NSE asks investors to be careful in executing PoA with stock brokers
The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account
French strike chaos deepens in crucial week for Macron
France's transport chaos deepened Monday on the fifth day of a nationwide strike over pension reforms, ramping up tensions at the start of a crucial week in President Emmanuel Macron's battle with trade unions.
Russia banned from Olympics, World Cup through 2022 in doping scandal
WADA handed down a four-year ban to Russia from international sporting events after a panel recommended RUSADA be declared non-compliant again.
JNU Protest: These Metro Stations Resume Operations After Brief Shutdown
"Three metro stations in Central Delhi which were closed for over four hours following Delhi police directive now open," the (Delhi Metro Rail Corporation ) said in a statement.
YES Bank may reject $1.2 billion offer from Canadian investor
At a board meeting on Tuesday, YES Bank is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
INS: 1pct growth in average gross nominal earnings in October
The average gross nominal earnings increased in October compared to September by 1 per cent, up to 5,090 lei, while the average net nominal...
TM elevates OYO Hotels and Homes experience with Unifi
OYO Malaysia and Telekom Malaysia have jointly announced a commercial and marketing arrangement that will benefit local and foreign travellers. With this partnership, OYO Hotels and Homes guests can stay connected in Malaysia with seamless broadband and entertainment experience powered by Unifi.
QC councilors ask for longer work hours for traffic enforcers during Yuletide season
With the traffic congestion expected to worsen further this Yuletide Season, Quezon City officials have asked local traffic authorities to add two hours per shift to the schedules of the city’s traffic field enforcers to help lessen public inconvenience.
The Phantom Metric: What Really Drives U.S. Equity Valuations?
Investors continue to question whether US equity valuations are too high, particularly for growth companies and versus other global markets.The risk premium is a good gauge of market sentiment.Valuati
Ryanair again ranked among Europe’s worst polluters
Airline included in top 10 of continent’s biggest carbon emitters
EU approves state aid to develop car batteries industry
BRUSSELS (AP) - The European Union has approved 3.2 billion euros ($3.5 billion) in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
Mutual Funds’ asset base hit all time high of Rs 27 lakh crore on inflow in debt schemes
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October.
The Fed’s liquidity problem hasn’t yet gone away — and an abrupt shock may be looming in 2020
Even with hundreds of billions of dollars in new liquidity created out of thin air, it’s too soon for the Fed to signal a clear coast for repo markets.
EFCC recovers N3.6bn, 10 houses from suspected looters in Ilorin
The Ilorin Zonal office of the Economic and Financial Crimes Commission says it has recovered N3.6 billion and 10 houses from suspected looters...
Russia banned for four years from global sporting events including the Olympics
The World Anti-Doping Agency announced the suspension this morning.
Bursa Malaysia ends lower on subdued sentiment
KUALA LUMPUR, Dec 9 — Bursa Malaysia finished lower today on subdued sentiments as weak export data from China, the country’s biggest trading partner, signalled weakness for the broader Asian economy. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.73 points to 1,562.71 from Friday’s...
Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project
The four-lane expressway will connect UP-Bihar border district with Purvanchal Expressway; It is expected to be 35-40 km long and is likely to cost Rs 40 crore per km
NATO-China: New relationship challenges
This year marks the 70th anniversary of the founding of the North Atlantic Treaty Organization (NATO). Last week, leaders of its 29 member states gathered for a two-day summit in London. And for the very first time, the group in its joint statement named and mentioned China. As Jens Stoltenberg, the NATO secretary general, has…
UPDATE 1-EU sets tariffs on Indonesia biodiesel imports over subsidies
(Adds details of case)By Philip BlenkinsopBRUSSELS, Dec 9 (Reuters) - The European Union confirmed on Monday that it will impose tariffs on imports of biodiesel from Indonesia to counter what it sees as unfair subsidies, concluding a case that has lasted seven years.The duties, normally in place for five years, have been set at between 8 and 18%, the same level as the provisional rates proposed in August.
How Swiss healthcare costs have 'doubled' since 2000
Recently released figures show that health insurance premiums have doubled in the past 20 years, with some Swiss households spending almost one fifth of their salary on healthcare.
Regulators ponder new rules to temper Big Tech data advantage
Global banking regulators say the arrival of Big Tech firms like Google, Amazon and Apple in financial services poses a host of stability risks that may require sweeping new laws to level the playing field with smaller tech firms and banks.
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
BuzzFeed UK threatened with being dissolved over late accounts
The online media business is already more than two months late and risks fines unless it files its 2018 financial information soon.
Goldman Plans To Launch Robo Adviser Next Year
Goldman Sachs is planning to launch digital wealth management services to clients with as little as $5,000 in 2020 in the form of a robo adviser.
Viper Energy Partners LP (NASDAQ:VNOM) Receives $39.87 Average PT from Brokerages
Shares of Viper Energy Partners LP (NASDAQ:VNOM) have earned an average rating of “Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong […]
Subprime lender Amigo’s chief executive and chairman quit
Departures follow move by founder James Benamor to reassert control of the business
Cloud Stocks: VMware Builds Up With Acquisitions
VMware's third-quarter revenues grew 12% over the year to $2.46 billion versus the Street estimate of $2.41 billion.For the fourth quarter, the company expects license revenue to grow 13% to $1.39 bil
Aspire Mining signs MoU on Ovoot coking coal project in Mongolia
Aspire Mining has signed a memorandum of understanding (MoU) with Sinosteel MECC to develop Mongolia’s Ovoot coking coal project.
China's Plan for 6 Aircraft Carriers Just 'Sank'
China reportedly is slowing its plan to acquire two aircraft carriers for each of its regional fleets. Instead of speeding ahead with the development of a six-carrier fleet -- two each for the
Inheritance Tax rules could be changing. Here's 10 facts you need to know...
With potential changes in inheritance tax rules on the horizon, Ian Lowes, managing director of Lowes Financial Management, offers some advice
Putin set for landmark Paris talks on Ukraine conflict
No comprehensive peace deal is expected from the afternoon meeting -- mediated by French President Emmanuel Macron and German Chancellor Angela Merkel -- but diplomats hope that the exercise will help to boost trust between the two men.
Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more
This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month
Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park
Shares of Coffee Day extended decline to as much as 14.5% in Mumbai, which is the biggest drop since July 31.
Japan PM Abe discussing Japan visit by Iranian President Rouhani
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Tokyo is in discussions about a visit to Japan by Iranian President Hassan Rouhani this month, an attempt to try to resolve Iran’s nuclear impasse with the United States.
Tighter climate policies could erase $2.3 trillion in companies value: report
LONDON (Reuters) - Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.
How global cities are promoting sustainability and helping to fight climate change - CityAM
The 2016 Paris Agreement gave the world a sense of hope that politicians could work together to limit temperature rises [...]
Isko wants Manila to end ‘endo’
MAYOR Isko Moreno yesterday said he would want Manila to lead in helping the government of President Rodrigo Duterte toward the direction of putting an end to the practice of short-term employment called ‘endo’.
Gold clings to modest gains above $1460 level, lacks follow-through
Gold edged higher on the first day of a new trading week and recovered a part of Friday's post-NFP slide to multi-day lows. The latest US monthly jobs
Moonday Mornings: IRS readies to tax your cryptocurrency — no matter what
It's the start of another week and that means it's time for Hard Fork's wrap-up of the weekend's top cryptocurrency and blockchain headlines.
City regulator toughens up financial accountability rules after scandals
Tougher accountability rules have today been extended to cover around 47,000 firms as the financial watchdog seeks to clean up the City’s reputation.
Malaysians spend 70pc of monthly income on goods, housing and transport, says minister
KUALA LUMPUR, Dec 9 — Almost 70 per cent of Malaysians’ monthly income are spent on goods, housing and transport, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said. Based on a World Bank Group report, the cost of living shouldered by Malaysians was mainly...
Late payments: Firms wait twice as long for cash in 2019
The UK’s small and medium-sized businesses are being stretched by customers failing to pay them on time, according to a [...]
Ericsson will pay a yard to settle bribery charges
The judge could not be Swede into letting them off
Vistara signs codeshare agreement with Lufthansa
India Business News: Vistara has entered into a codeshare pact with German airline Lufthansa, the sixth such agreement with an international airline as the domestic full s
NTMA to borrow less next year as repayments in focus
Agency sold €15.4bn of long-term bonds this year, at the lower end of its full-year target
TDP chief Chandrababu Naidu protests against onion price hike
This action by the police led to a verbal altercation between them and TDP leaders.
IIT-Madras placements phase-I concludes with 848 offers, most from core domain
Most offers, in the phase I, were made by Micron Technolgy India operations with 31 offers followed by Intel and Microsoft with 20 and 19 offers, respectively.
Jeff Bezos says employee activists are wrong and Silicon Valley firms should feel comfortable doing business with the US military
Bezos said it was the responsibility of management to push back against employee outrage toward military contracts.
Here's why Saudi Aramco's stock is unlikely to plunge on its debut
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
Feds charge Volkswagen with violating environment law for faking emissions tests
OTTAWA — German auto giant Volkswagen appears ready to strike a plea deal with Canada after being charged Monday for allegedly importing cars into this country that company executives knew violated . . .
Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich
At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
LTA awards S$210 million contract for Jurong West, Bahar Junction MRT stations
SINGAPORE: Two Jurong Region Line stations will be designed and constructed by the Singapore branch of China Railway 11 Bureau Group, the Land ...
GE Stock is a Buy as CEO Larry Culp Addresses the Mess He Inherited
GE stock holders may have been disappointed with the decision to keep the dividend at a penny. But the new CEO is running a marathon, not a sprint.
Hotels and restaurants in East of England 'at heightened risk of insolvency'
The East of England's agricultural sector is healthier than most other parts of the UK - but construction, hotel and restaurant businesses are at heightened risk, a report suggests.
Crypto Payments Now Legal in Ukraine
Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international
Blockchain, A Four-Time Waltz: Bitcoin, Ethereum, Libra & the CBDCs – The Need for a New Balance
We have deliberately chosen to limit our presentation, for pedagogical reasons, to the four fundamental periods represented by the emergence of Bitcoin, Ethereu
Starling adds legal services to its digital offering
Starling Bank has announced a partnership with legal services provider Sparqa, the latest addition to the challenger's in-app Marketplace.
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
Swelling U.S. IPO backlog points to crowded 2020 field
(Reuters) - More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.
Dollar holds ground as central bank meetings loom, pound jumps
LONDON, Dec 9 — The dollar held its ground today thanks to last week’s stronger-than-expected jobs data, although worries about US/China trade talks kept gains in check, while Britain’s pound jumped on the latest polls ahead of this week’s election. Sterling hit a fresh 2-1/2 year high...
NZD/USD consolidates last week's gains, trades above mid-0.65s
The NZD/USD pair registered one of its largest weekly percentage gains last week as it added more than 140 pips to close at 0.6563. However, with inve
Sensex falls 70 pts in early trade; banking stocks drag
Equity benchmark BSE Sensex on Monday fell over 70 points in early trade, dragged mainly by losses in financial and banking stocks amid persistent foreign fund outflows. The 30-share index was
Chong: Sugar supply liberalisation will benefit consumers in the long run
KUCHING, Dec 9 — The liberalisation policy on sugar supply in Sarawak will not result in an immediate effect to the price of the commodity but will definitely benefit consumers in the long term, Domestic Trade and Consumer Affairs Deputy Minister Chong Chieng Jen said today. He said the policy,...
Significant gender pay gap still evident at Solihull Council
Latest figures show that the chasm is narrowing, but the latest averages included in the annual summary are still ahead of what other West Midlands authorities reported last year.
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
Meralco bills go up this month
ELECTRIC consumers will pay again higher electricity bills this December as the Manila Electric Company (Meralco) will implement a power rate increase.
Graft trial for Syrian President Assad’s uncle opens in Paris
Brussels: European Union foreign ministers debated Monday how to respond to a controversial agreement between Turkey and Libya that could give Turkey access to a contested economic zone across the Mediterranean Sea. The maritime border deal, endorsed by the Turkish parliament last week, has fueled tensions in Turkey’s long-running dispute with Greece, Cyprus and Egypt over oil
New Age Beverages Stock Remains a High-Risk, High-Reward Situation
NBEV stock could rise by seven-fold from here, but it's far more likely that shares remain weak thanks to glaring profitability issues.
Payday firms offer loans @ 500%
India Business News: NEW DELHI: They are banned in 15 states in the US, China has capped the interest they can charge and consumer groups in European countries are fightin.
BREAKING: Russia banned from all major sporting events for four years
Russia are set to miss the 2020 Tokyo Olympics and the 2022 FIFA World Cup in Qatar after being handed a four-year ban from all major sporting events
Desert to Power Initiative gains momentum in Burkina Faso
AfDB has approved $54 million loan to the government of Burkina Faso for the Yeleen solar plant, which forms part of the Desert to Power Initiative.
Cooper Energy poised to get its Sole, Downer leaves site
Cooper Energy is close to unlocking gas from its Sole project in south-eastern Victoria.
Ramaphosa Pledges Tough Love for Ailing South African Firms
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterPresident Cyril Ramaphosa said he’s ready to make tough decisions about the future of South Africa’s struggling state-owned companies, after placing the national airline into bankruptcy protection last week.“Business
4 AM Wake-Up Call
Right off the bat, we saw an almost 850-point drop in the Dow Jones from Black Friday until Tuesday as President Trump was quoted as saying that he saw the chances of a trade deal lessening.The tariff
China's Pig Herd Rises for First Time in a Year in November
China's pig herd increased by 2% in November compared with the prior month, the agriculture ministry said on Monday, the first increase in a year.
DUP accuses Boris Johnson of breaking his word on union commitment
The PM is embarking on a blitz of Labour’s heartlands as the election campaign enters its final few days.
U.S. Dollar Czar: “No Need” for Fed Issuing Digital Dollar in Next 5 Years
In recent weeks, there has been growing talk among influential U.S. figures concerning the prospects of "digitizing" the dollar via blockchain technology.
Russia's four-year ban from all major sporting events branded as 'not enough' by WADA vice-president
Russia has been banned from the 2020 Olympics and the 2022 football World Cup.
Nigeria's weak operating environment is still a challenging factor for the banking sector
Moody's Investors Service has said that Nigeria's weak operating environment posed a challenge to the banking sector in maintaining the recent improving trend, particularly as regards asset quality, given the increasing bank lending.
Slowdown only cyclical, India's growth potential not lost: Chief Economic Advisor
Subramanian said that there was, needless to say, a slowdown in the economy but it needs to be assessed whether it was structural or cyclical in nature. Indias GDP growth in Q1 of the current financial year, fell to a 6-year low of 5%, while Q2 slowed down further to 4.5%. The Reserve Bank of India has also lowered its GDP forecast for 2019-20 from 6.1% to 5%.
BuzzFeed UK threatened with being dissolved over late accounts
The online media business is already more than two months late and risks fines unless it files its 2018 financial information soon.
Reports: Barcelona ready to exchange out-of-favour star for Juventus duo
The latest word around the rumour mill is that La Liga giants Barcelona are ready to offload Ivan Rakitic in exchange for the Juventus duo of Daniele Rugani and Merih Demiral, during the upcoming January transfer window.
Pound Sterling hits Fresh 31-Month High vs. Euro on Survation Poll
The British Pound hit a fresh 31-month high against the Euro Monday after two polls showed gains for the Conservative Party
WTI drops 1% towards $ 58.50 amid trade tensions, weak China exports
WTI (oil futures on NYMEX) is down over $1 from three-month highs of 59.85 reached last Friday after the OPEC and its allies (OPEC+) agreed to deepen
PM Imran to receive Bahrain's highest civil award: PM's special assistant
Premier is going on an official visit to Bahrain in mid-December where he will receive the award, says Zulfi Bukhari.
French-listed behemoth Elis weighs bid for Spotless Laundries
French behemoth Elis is weighing a bid for Spotless' commercial laundries business.
State AGs To Fight T-Mobile-Sprint Merger In Federal Trial
Antitrust News: A group of state attorneys general are getting set to fight against the T-Mobile and Sprint merger in an unprecedented federal trial.
Share market highlights: Sensex ends 43 points up, Nifty near 11,950; TCS, HCL Tech top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty ended marginally higher on Monday afternoon, amid volatility.
Crypto Is Money: Dai Stablecoin Support Arrives on Coinbase Debit Card
If you can spend cryptocurrency in mainstream society, then crypto is money -- at least so says the tech's biggest proponents.
Tata Motors plans to add 100 new passenger vehicle outlets by FY 20 end
Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
US SEC Re-Opens Infamous Bitcoin Scammer Case
According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick
$251m equity raising a bridge too FAR?
FAR's $US350 million debt raising is in train but it is also seeking to sell a big equity stake.
With many having opted to work from home last week and only now returning to the workplace, this week will test public support for the strike
France's transport chaos deepened Monday on the fifth day of a nationwide strike over pension reforms, ramping up tensions at the start of a crucial week in President Emmanuel Macron's battle with trade unions. With only two of the Paris metro's 16 lines running as normal and suburban trains
Winners of the Digital Sky Challenge announced
BRUSSELS - The winners of the aviation challenge themed as Digital Sky Challenge1 were announced at the awards ceremony as part of the SESAR Innovation Days2 on 4 December in Athens. Jointly organised by the SESAR JU and ACI Europe and hosted by Athens International Airport, the Digital Sky Challenge took place on 2-4 December in a dedicated airside facility of the airport. The event brought together 52 young tech-talents from 11 European countries competing in 12 teams to create breakthrough
The US raked in a record $7.2 billion in tariffs in October, new data shows
The US government collected a record amount in tariffs in October as a trade dispute between the Trump administration and China escalated. Reven...
DUP accuses Boris Johnson of breaking his word on union commitment
The PM is embarking on a blitz of Labour’s heartlands as the election campaign enters its final few days.
Modi govt's centralised nature doesn't work well for economic reforms, says Raghuram Rajan
Rajan pointed out that extreme centralisation, coupled with lack of empowered ministers and a coherent guiding vision meant reforms picked up steam only when PMO focused on them and lost pace when its attention switched to other pressing issues
airBaltic receives the Regional Airline of the Year Award by CAPA
The Latvian airline airBaltic received the CAPA Regional Airline of the Year award in a special ceremony in Malta on December 5, 2019. For the second time, airBaltic has been recognised as the leader of the regional aviation sector by CAPA's Aviation Awards for Excellence which is held annually since 2003 with professionals participating from airlines around the world. Martin Gauss, Chief Executive Officer of airBaltic said: “We at airBaltic have had yet another year of intense work and successful growth.
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration, Business Insider - Business Insider Singapore
Business Insider - Tullow Oil plunged after the CEO and the exploration director suddenly quit. The company also halted its dividend and reduced its production guidance.. Read more at businessinsider.sg
Russia banned from all major sporting events for four years
Russia are set to miss the 2020 Tokyo Olympics and the 2022 FIFA World Cup in Qatar after being handed a four-year ban from all major sporting events
BofA Director Charged in Hong Kong After Scuffle With Police
(Bloomberg) -- A Bank of America Corp. anti-bribery and compliance director in Hong Kong was charged with assaulting a police officer after an altercation in a metro station over the weekend, according to a person familiar with the matter.The director, a 35-year-old American, was released on HK$10,000
Golden Ocean Group: Very Strong Results Despite The Trade War
Golden Ocean Group delivered a phenomenal quarter despite the mixed headline numbers.The dry bulk trade set new records during the third quarter in spite of the escalating trade tensions between China
European companies minimise risks from US-China trade war
BEIJING, Dec 9 — European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said today. The world’s two biggest economies have been entangled in a...
Nedbank notches up 1.7m digitally active customers
The bank witnesses a 30% growth rate across its digital banking platforms, with over one million app downloads.
Pasig River Ferry Service relaunched by MMDA
THE Metropolitan Manila Development Authority (MMDA) relaunches its Pasig River Ferry Service (PRFS) with free ride offer until January 31, 2020 yesterday morning in Manila’s Lawton.
EU unveils €3bn research fund to develop batteries
Seven member states to invest in the project which is set to run until 2031
Day 5 of public transport chaos as French strike bites
President Emmanuel Macron, Prime Minister Edouard Philippe and senior cabinet ministers met late Sunday to discuss the contentious reform, which the country's powerful labor unions claim will force many to work longer for a smaller retirement payout.
BI to open departure e-gates to reduce passenger queues
IN order to hasten processing and reduce passenger queues in immigration counters at the country’s premiere port during the holiday rush, the Bureau of Immigration (BI) is launching its electronic gates (e-gates) at the departure area of the Ninoy Aquino International Airport (NAIA).
USD/CHF starts new week quiet around 0.9900
Despite a 30-pip rebound fueled by the broad-based USD strength on Friday, the USD/CHF pair erased 100 pips for the week and is now staying flat on th
Putin set for landmark Paris talks on Ukraine conflict
Russian leader Vladimir Putin will for the first time hold formal talks with Ukrainian counterpart Volodymyr Zelensky over the conflict in ...
Cryptocurrency Exchange - Here are tips to choose the best
The exchange you must have decided to make use of will greatly determine whether your crypto investment will be profitable or not in the long run. There are lot...
Amid Internet Shutdown in Jammu, Government Employee Caught Making Money Off Water Bills
New Delhi (Sputnik): India's newly-formed union territory Jammu and Kashmir remains cut off from the world as internet, telephone, and mobile services were shut down in the area in August. The Indian government has been receiving international condemnation for the communications clampdown in the area.
Fashion Industry Warns the World to Heed Dire Climate Warnings
The global fashion industry is drawing on its own "social and cultural weight" to lead the world into tackling climate change.
South Korea to Impose Capital Gains Tax on Crypto
The South Korean Ministry of Economy and Finance has decided to impose capital gains tax on digital currencies.
Shocking! World Anti-Doping Agency bans Russia from Tokyo Olympics, World Cup Football in Qatar
In a huge development, the World Anti-Doping Agency, also known as WADA, has banned Russia from taking part in all major sporting events.
Day 5 of public transport chaos as French strike bites
PARIS: French commuters and tourists braced for a fifth day of public transport chaos Monday (Dec 9) as the government prepared to respond to ...
India orders over 36,000 metric tonnes of onions; imports at 5-year high
State-run trading firm MMTC has already floated a tender for buying 21,090 metric tonnes (MT) of onions from Turkey and Egypt and the shipments are expected to arrive mid-January
Kashmir: 87% fewer tourists visited Valley in August-November this year, says report
Just about 32,000 domestic tourists and 3,413 foreigners visited the Valley between August and November.
A Great American Achievement
The new government statistics are out.September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949
Former Fed Chief Paul Volcker, Inflation Tamer, Dies at 92
In working to help the U.S. economy recover from the 2008 crisis, he proposed what became known as the Volcker rule that restricted banks from making high-risk investments
U.S., Japan military drills include cyberspace coordination
Dec. 9 (UPI) -- U.S. and Japanese forces began engaging in joint exercises on Monday.
SAIL reworks marketing strategy to draw high volume sales in November
Company clocks 36% YoY rise in volume sales to 1.40 million tonnes
Meet the "Blue Magpie": Taiwan's New Domestically-Made Fighter?
Here's what we know.
Private equity tycoon Guy Hands looks to buy struggling Kier Living
Hands' private equity firm - Terra Firma Capital Partners - is one of the last remaining bidders for Kier Living.
Christmas Comes Early With These 28 Upcoming Dividend Increases
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.28 increases for next week (up from 5 last week).An average increase of 5.77%, medi
Lebanon's exit path from economic woes
The government should aim at restoring confidence through economic sustainability and balanced growth.
IITs end first week of placements on a high note, beating last year's show
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
FG: All agencies, ministries must publish details of financial activities daily
The federal government has directed that all ministries, departments and agencies (MDAs) must publish a daily statement of their financial activities
MMDA announces reactivation of Pasig River ferry
The Metropolitan Manila Development Authority (MMDA) reactivated the Pasig River Ferry Service (PRFS) on Monday as an alternative means of transportation that can help ease the traffic congestion in the metro.
Debt profile: MAN raises concerns over Nigeria’s rising figures
Manufacturers in Nigeria have disclosed that President Buhari's request for more loan to fund the 2020 budget is a serious source of concern.
Virgin Galactic leaps after Morgan Stanley says the company's stock can jump 203% over the next year
Virgin Galactic stock surged as much as 21% on Monday after Morgan Stanley initiated coverage on the company with a buy-equivalent rating The fi...
Elastic: Dramatically Lowered Valuation Justifies Billings Slowdown
Shares of search company Elastic have peeled back ~20% ever since reporting Q2 results.Most notably, investors hammered the company on its deceleration down to 45% y/y billings growth (on a constant c
Starwood Property Trust: The Election Means Everything
Barry Sternlicht’s Starwood Property is a professionally managed company and a consistent dividend payer.Of late, the stock has been hit by news of its regional malls not doing well and the possibilit
Australia's Queensland state will bid for 2032 Olympics
BRISBANE, Australia - Australia's Queensland state will bid to host to the 2032 Olympic Games and Paralympics, state premier Annastacia Palaszczuk told repo
Nakuru MCAs pass bill to promote tourism
The Bill which has been forwarded to Governor Lee Kinyanjui for assent.
FBI and US Marshals warn of heinous scammers demanding payments via Bitcoin ATMs
The United States Marshals and Federal Bureau of Investigation don't want you to forget about Bitcoin scammers pretending to be people they're not.
How Small Giant Games got acquired by Zynga and lived to tell the tale
Zynga's acquisition of Finland's Small Giant Games last year followed an usual template designed to avoid the mistakes that derail most such deals.
Universal Credit changes coming into force in 2020 for 12million people
The end of the five year freeze will bring relief to the 10million benefit claimants - 2.5million of whom are on Universal Credit - who've struggled at the hands of inflation for years
Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?
Ethereum finally broke above the $150 level but now struggles at the resistance at $152. ETH broke beneath the lower boundary of the symmetrical triangle
A2 Milk chief executive resigns
More than a billion dollars has wiped off the value of New Zealand's biggest company this morning following the surprise resignation of A2 Milk's chief executive. In a market announcement, Jayne Hrdlicka said she had not anticipated the amount of travel involved when she took up the role 18 months ago. Jayne Hrdlicka would be replaced by the former chief executive Geoff Babidge, while the company began a global search for her replacement. The company, which is dual listed in New Zealand and Australia, opened sharply lower at the open this morning, wiping more than a billion dollars off its market value. The shares were trading about $14.30 in the first 15 minutes of trading, from $15.17 on Friday, with a market value of $10.52 billion, compared with $11.63b on Friday.
Sensex rises 42 points; bank, auto stocks shine
The 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10 per cent at 40,487.43.
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households,...
USD/JPY Technical Analysis: Turns vulnerable below 50-DMA, ascending trend-line confluence support
The USD/JPY pair extended last week's pullback from six-month tops and remained depressed for the third consecutive session on Monday, also marking it
Time to Remodel Your Portfolio With Home Depot Stock
Home Depot stock is finally finding some support after a sharp 10% drop. HD should begin to head higher over the coming weeks.
Co-op Refinery transporting staff via helicopter as job action continues
The Co-op Refinery says it is using helicopters to transport staff into the Regina facility as job action continues.
Prestige Assurance appoints new Managing Director
Prestige Assurance Plc has appointed Sarberswar Sahoo as its new Managing Director following the expiration of Dr Balla Swamy’s tenure.
Death toll in Ukraine's Odessa college fire rises to 10
Ten people have been killed and eight others are still missing as a result of a fire.
UMTA in the dog house
Proposed common ticket card, urban transport development fund remain on paper
Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it's rolling out cash-settled Bitcoin futures
Buhari inaugurates treasury portal, says Nigerians can now monitor govt spending
The Federal Government has launched the Open Treasury Portal, with the hope of making public the daily treasury statement on how monies that come into government coffer are being spent. This was...
Central GST collection falls short of budget estimate by 40% during Apr-Nov
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
The 9 best airline credit cards for earning miles to book free flights
If you want to book free flights, a credit card from an airline or a bank that partners with frequent flyer programs is a must. Not only will you earn miles on every purchase you make, but you can also earn a welcome bonus that can jump-start your frequent flyer account balance and help you book an award flight sooner than you’d think.
Buhari orders Accountant General publish daily treasury statement
President Muhammadu Buhari has ordered the Accountant General of the Federation (AGF) to publish a Daily Treasury Statement that will provide information...
The Saudi Aramco IPO Overvaluation Is Overblown
The Saudi Aramco IPO will surpass Alibaba's as the biggest in history.Analysts had made valuation estimates for the company that ranged from $1.1 trillion to $2.5 trillion.The company settled on a val
Challenges Faced by Running Mining Operations and How to Mitigate Against it
Whenever bitcoin mining is mentioned, it is normal for the mind to drift towards pickaxes, and getting oneself messed up with dirt while striking it big. Such thoughts aren’t far fetched from the actual meaning of bitcoin mining.
Shareholders in revolt over EOH pay policy
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
WTI continues to erase OPEC-inspired gains, inches closer to $58
Crude oil prices gained traction on Friday after the OPEC and its allies (OPEC+) announced decision to deepen supply curbs by 500,000 barrels per day
Storytelling platform Wattpad to open office in Halifax in the new year
TORONTO — Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Learning the right lessons from the onion crisis
Political parties that slam central governments on high prices for consumers/low prices for farmers will do zilch about getting their state governments to implement these reforms.
DBJ to on-lend $5 billion to MSMEs
The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr Nigel Clarke, at the launch of...
Monday’s Vital Data: Bank of America, Apple and JPMorgan Chase
Options trading was buzzing in Bank of America, Apple and JPMorgan Chase stock. Here are the metrics that matter moving forward.
Corruption trial of Angolan ex-president’s son begins
The son of former Angolan President Jose Eduardo dos Santos appeared in court on Monday, at the start of his trial on corruption charges.
Lazada’s millennial-friendly credit card is finally in Singapore - and it's offering a year's free shipping, plus tons of points, Business Insider - Business Insider Singapore
Business Insider - It includes free shipping on RedMart and Lazada for a year.. Read more at businessinsider.sg
BMA Wealth investors stage protests, demand Karvy-like refund action
Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem
China’s solar PV market grows despite US tariffs - GlobalData
The global solar PV market is expected to see a 13% growth in installations
Central bankers pay tribute to Paul Volcker
US Fed chairman who tackled 1970s-era inflation has died aged 92
EFCC seized N643.9m, secured 22 convictions in Kano – Magu
The Economic and Financial Crimes Commission (EFCC) said on Monday that its Kano Zonal office seized N643.9 million this year.
An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money
Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P inves
Ease of Doing Business: Karnataka to pick lessons from New Zealand
Karnataka aims to see an increase in economic growth and job opportunities with an improvement in ease of doing business. Officials must work towards bringing Bengaluru to the forefront in ease of doing business index.
Tata Motors' Jaguar Land Rover retail sales fall 3% in November
Jaguar Land Rover (JLR) posted fifth straight month of double-digit sales growth of 29 per cent in China. North America sales also grew by 4.9 per cent during the month under review, achieving best ever November sales levels
Orchid Island Capital: In A Coma
Orchid Island Capital (ORC) has paid $10.705 as total dividend per share since its IPO in 2013.The company reported a disappointing Q3 2019 and was hit by analyst downgrades.For now, it’s a risky risk
We broke down the differences between credit card points and frequent flyer miles — here’s why you should be collecting both
Even though a ton of credit cards offer “points” or “miles” for every dollar you spend, those points can be very different things. Each bank and frequent flyer program has its own rewards currency that can be used in different ways. That makes it complicated when you’re trying to choose a credit card; two different cards could offer double points on purchases, but those points could have different values, and could be best for two different things.
Russia banned from Olympic Games over doping scandal
Russia was banned from the Olympics and other major world championships on Monday after sporting officials decided to punish it for tampering with doping-related laboratory data in another blow to Russia's already tarnished sporting reputation.
Flying cars could lure investors away from ground-based services: survey
(Reuters) - Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday.
Shareholders advised to vote against Richard Baker-led offer for HBC
An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
European Union permits state aid to develop electric battery giants
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in the highly strategic sector of electric batteries. The move is part of a major push led by Germany and France to prepare Europe for the emergence of electric cars, as gas combustible engines are phased out over concerns for the environment.
Storytelling platform Wattpad to open office in Halifax in the new year
Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Rupee darts up 16 paise to 71.04 against U.S. dollar
The rupee pared initial losses and settled 16 paise up at 71.04 against the U.S. dollar on Monday amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas. Fr
Yellow Cake Is A Lower Risk Investment In The Uranium Industry
Yellow Cake is trading at a discount to net asset value and the company has communicated it will rely on share buy-backs if the discount persists.The annual holding cost is expected to be relatively l
TTK Prestige to boost home solutions portfolio, eyes new verticals
While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board
Kochhar challenges RBI decision to terminate her; HC seeks bank's response
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
Lebanese entrepreneurs think digitally if given space to grow – Arabnet Report
Mubasher: Lebanon’s entrepreneurial ecosystem flourished making the country among the major assets for digital innovation across the MENA region, following the implementation of Circular 331 of the Central Bank of Lebanon back in August 2014. …
Ukraine's security chief, interior minister and chief of General Staff to be Zelensky's advisors at Normandy Four summit
The Ukrainian delegation also includes Minister of Energy and Environmental Protection Oleksiy Orzhel and Executive Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko.
The 9 best airline credit cards for earning miles to book free flights, Business Insider - Business Insider Singapore
Business Insider - The best airline credit cards from American Airlines, Delta and more, plus more versatile options including the Chase Sapphire Preferred.. Read more at businessinsider.sg
Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing
Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.
Russia banned from 2020 Olympics and 2022 World Cup over doping scandal
Russia will not be allowed to compete at the 2020 Olympics or the World Cup two years later after being handed a four-year doping ban.
Market watch: Index ends in red amid lack of triggers
Benchmark index decreases 289.44 points to settle at 40,442.81
Sensex rises 42 points in range-bound trade; bank, auto stocks spurt
Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters. After opening on a weak note, the 30-share BSE Sensex stabilised in
FG Hopeful Of Securing $500M AFDB Fund For Technology Innovation
The federal government is optimistic of securing a $500 million AFDB fund for technology innovation in the country, Trade and Industry Minister, Richard Adebayo has said.
Two Turkish firms in world's top arms makers see their turnover surge in 2018
Arms sales of two Turkish firms listed in the sector’s largest 100 companies increased in 2018 as they managed to maintain their rankings in the list, a...
Gatchalian urges DTI, DA to closely monitor prices of basic goods
Senator Sherwin Gatchalian has urged the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) to closely monitor the prices of basic goods and commodities this month as Filipinos celebrate the Yuletide season.
Rents up again as Government’s poor policies bite
Simon Bridges - Leader of the Opposition
Equity flows see sharpest dip in 3.5 years, slip 78% in November
Flows were 78% low compared to Oct; lump sum investments hit
Maldives keen to disentangle from China's debt trap: Nasheed to Venkaiah
The former president of Maldives said his country, amidst claims of huge investment by Beijing, is undertaking an assessment of assets created through debt funding from China.
Iconic Cork restaurant one of 23 food outlets forced to close
An iconic Cork restaurant was one of a record 23 food outlets forced to close in November over hygiene concerns.
Strong Jobs Numbers Boost Bank of America
We want to take advantage of rising long-term interest rates with a put write on Bank of America (NYSE:BAC)
Cytonn Ranks KCB As The Most Attractive Bank In Q3 of 2019
Cytonn Investments has ranked KCB Group as the most attractive bank in Kenya, in its Q3 2019 Banking Sector Report.The multi-investment company says that KCB's ranking is as a result of a strong f
Central GST falls short of budget estimate by 40pc in April-November
CGST collection during Apr-Nov stood at Rs 3.28 lakh crore against budgeted estimate of Rs 5.26 crore.
Bombay HC seeks RBI's response on plea against Chanda Kochhar's termination as ICICI MD
A division bench of justices Ranjit More and SP Tavade directed the Reserve Bank of India to submit its reply by December 16. The bench will hear the matter next on December 18
Chilango confirms plans to launch CVA and exit leases
Embattled Mexican chain Chilango has confirmed that it plans to launch a company voluntary arrangement (CVA) in a bid to secure the future of its business.
Buhari fails to renew Fowler’s tenure, names new FIRS chairman
President Muhammadu Buhari has appointed Muhammad Nami to replace Babatunde Fowler as chairman of the Federal Inland Revenue Service (FIRS)
Join Dorsett's carnival to raise funds for children in need
Dorsett Hospitality International with its group of hotels is hosting the TLC Carnival Day on Dec 14 and 15 at Dorsett Grand Subang, to raise funds for children in need of long-term medication.
General Election seats to watch: North-west England
The Tories are eyeing a dozen gains in this battleground region.
Bitcoin - Correction Soon To Be Over
Bitcoin has been stuck in a bear market since December 17th, 2017.Its weekly chart is oversold and probably close to a trendchange.Professional money has not yet fully positioned for a new rally.There
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households, officials of the combined company announced Monday.
Lithuanian Central Bank Announces Blockchain Collector Coin
The Bank of Lithuania announced that it will release its first digital, blockchain-based collector coin in the spring of next year.
Paul Volcker, Former Federal Reserve Chairman, Dies At 92
He led the country's central banking system in the late 1970s and 1980s.
3 Top Small-Cap Stocks to Buy Right Now
One way for investors to build wealth is to find great companies with growth potential while they're still small.
Merger Arbitrage Mondays - Thoma Bravo's Acquisition Of Instructure Includes A Go-Shop Provision
Merger activity increased with five new deals announced.The acquisition of Audentes Therapeutics by Astellas Pharma.The acquisition of AK Steel Holding Corporation by Cleveland-Cliffs.
Flight MH17 families seek answers as suspects face trial in absentia
The Dutch government believes Russia carries primary responsibility for the downing of flight MH17.
CBN: Unconventional monetary policies needed to grow and diversify the economy
The CBN has disclosed that the need to grow and diversify the country’s economy led to the adoption of its unconventional monetary policy.
General Election seats to watch: North-west England
The Tories are eyeing a dozen gains in this battleground region.
EFCC seizes over N643.9m, $706.8m in Kano
The Economic and Financial Crimes Commission on Monday says that the Kano Zonal office has seized over N643,942 million in
Paul Volcker: The inflation tamer who set bank risk rule, dies at 92
In a career that spanned more than half a century, Volcker became a one-man economic cleanup crew
Paul Volcker, inflation tamer who set bank risk rule, dies at 92
Volcker was called on to devise a successor to the gold standard, a cure for runaway inflation and a response to the housing-market collapse.
Nolte: 7,700 Media Jobs Slashed This Year
Almost 7,700 people lost their media jobs this year, which is more than the 5000 who lost their between 2014 - 2017.
EFCC recovers N3.6bn, 10 houses from suspected looters in Ilorin
The Ilorin Zonal office of the Economic and Financial Crimes Commission says it has recovered N3.6 billion and 10 houses from suspected looters.
Devon council facing £6million overspend on children's social care
Residential placements for children in care are costing Torbay Council around £5,000 a week each, it has emerged
Buy Ollie's Ahead Of The Q3 Report
Ollie's is due to report Q3 earnings next week.With shares languishing, I think they represent compelling value.The key risk for Q3 is margin performance, but I see a lot of bad news priced in already
Biz EOD: GST filing streamlined; India imports 36,000 MT of onions; SBI cuts lending rates
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
Eurex Strengthens European Bond Market with New Product
Eurex will improve its offering by launching EUR-denominated fixed income ETF options starting today
Rupee firms up to five-month high against dollar; strengthens by 15 paisa today
Moody
USD/JPY drops to fresh five-day lows below 108.50
After losing its momentum ahead of the 110 handle at the start of the previous week, the USD/JPY pair reversed its course and closed with a weekly los
Morocco’s Bank Profits Exceeded $1.1 Bn by End of September
The profits of eight main Moroccan banks reached $1.1 billion at the end of September, a 0.96 percent increase compared to the same period last year, while the total net banking income increased 6.6 percent to reach $5.62 billion, according to financ
Markets surge on jobs, trade
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Provable Things launch pTokens
pTokens, the world’s first token to enable decentralized finance interoperability between any…
Market Wrap, Dec 9: Sensex up 42 pts, Nifty at 11,937; Auto stocks gain
Sectoral indices ended the session mixed on the NSE. At close, Nifty Realty Index closed with a cut of 1.15 per cent, while Nifty Auto index closed 0.73 per cent higher
Russia handed four-year ban from international events by WADA
WADA has banned Russia from international sporting events after a panel recomended RUSADA be declared non-compliant again.
China and America: A political war!
This news reminded me of the American writer George Friedman, who said that America’s strategy with China would not be direct confrontation, but would be rooted in the spirit of democracy and economic liberalism as opposed to the political weight of central decisions made in Beijing.
Business leaders in their own words on policy
Australian business leaders reveal what they want from government - and the big opportunity Australia missed in the past decade.
UK CMA Decision Looms Over Amazon’s Quest For Deliveroo Stake
UK Antitrust News: The Competition and Markets Authority (CMA) will decide if Amazon's quest to acquire a stake in Deliveroo (and its user data) can move forward.
Karnataka By-Election Results 2019: Full list of winners from BJP, Congress, JDS
The BJP's good show in 12 seats comes as a morale booster for the party after its setback in Maharashtra.
Tata Motors share has gained 32% in last three months: Time to buy, sell or hold the stock?
Tata Motors share was reeling under losses as auto sector was clouded by economic slowdown for more than a year. Uncertainties on the global front also hit sales of its UK arm JLR which affected the stock
Ireland ranks as EU’s largest importer of planes
Figures show 53% of bloc’s plane imports last year went to Ireland
Improving your credit score - The Mortgage Gal
As we move into the holiday season, mortgages are not top of mind for most of us.
Indo-Pacific connectivity needs support for good governance
Importantly, common governance rules and standards will address issues of sustainable financing and quality infrastructure, transparency in project preparation and accountability in project execution.
Mapping South Australia’s big mines and new projects
We profile South Australia's largest and most ambitious mining operations, from significant uranium projects to the world’s largest zircon mine.
'Bull Markets Often End With A Euphoric Rally Called A 'blow-Off Top.' We May Have Just Had One'
The current flatfish top has zero resemblance to the 2000 market top.I think this secular bull market has further to run and will end on a note more similar to that of 2000.One thing I'm pretty sure o
After Earnings, Watch for Workday Stock to Strike $168.50
Workday stock lean bearish on the charts. Its valuation is a little rich, particularly amid this earnings report. What's up with WDAY stock?
Tim Draper Asserts $250,000 Still in Bitcoin’s Scope as Price Flails
For some reason or another, many investors and analysts have begun to fear the worst for the medium-term outlook of the Bitcoin market over the past few months.
Oracle Co. (NYSE:ORCL) Receives $57.42 Average Target Price from Analysts
Oracle Co. (NYSE:ORCL) has earned an average recommendation of “Hold” from the thirty ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among […]
DUP accuses Boris Johnson of breaking his word on union commitment
The PM is embarking on a blitz of Labour’s heartlands as the election campaign enters its final few days.
Maruti Suzuki among top gainers on Sensex as output rises for the first time in 10 months
The car company produced a total of 1,41,834 units last month – 4.3% higher than the same month in 2018.
Highest ever number of closure and enforcement orders on food businesses last month
The 'highest ever' monthly number of enforcement orders were served on restaurants and other food...
World Anti-Corruption Day: Graft masters rake in Sh300 trillion annually
Kenya has been plagued by a long list of corruption scandals which are yet to be resolved
Peregrine Ventures raises more than €103 million for its fourth fund, to invest in MedTech startups
Peregrine Ventures, an Israeli MedTech venture capital fund, just closed its fourth fund, Peregrine 4, raising €103 million. Their partners include some of the leading institutional and private equity investors from Israel, the United States, Europe and Australia.
EU regulators to review rules defining companies' market power
BRUSSELS (Reuters) - EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into account globalization and digitalization, Europe’s antitrust chief Margrethe Vestager said on Monday.
Apple Card’s new Monthly Installments feature may be about to launch
According to Apple's description of the feature in the Wallet app, the launch of the monthly installments option in the United States appears imminent.
For IT pros, adding blockchain skills can pad your paycheck – by a lot
Beefing up on skills around blockchain development, management or engineering can earn techies some big bucks above their current salary.
Central bank changes required reserve regulations
The Central Bank of the Republic of Turkey (CBRT) on Monday lowered the reference values it uses to determine required reserve ratios for banks, while...
JNU students lathi-charged by police during march to Rashtrapati Bhavan
Heavy deployment of police was in place ahead of the JNU students’ march towards Rashtrpati Bhavan in protest against the hostel fee hike.
3 Healthcare Stocks to Buy and Never Sell
A holding period of forever sounds perfect for these top-tier businesses.
Accuity To Power GoCardless’ Recurring Payments Expansion Into US
GoCardless entered into a collaboration with Accuity to launch a seamless way for businesses to collect payments in the U.S. via an ACH-based debit offering.
SUV driver fined Rs 9,500 for damaging a tree in Telangana town
Since September 2018, Siddipet horticulture officers have collected over Rs 1.2 lakh as penalties on damages to trees planted under the 'Haritha Haram' afforestation programme.
Global watchdogs urge ‘vigilant monitoring’ as big tech companies shift into financial services
Google and other big tech companies may have to share data on financial services customers with banks and fintech firms to prevent unfair competition.
Queensland's Games bid gets tourism tick
Preliminary costs in May 2019 estimated it would cost $5.3 billion to stage the 2032 Olympics and Paralympics in Queensland, but tourism boss says the bid will give Queensland 'focus'.
Medupi is a fitting symbol of the importance of our SOEs – Ramaphosa
The problems with the construction of Medupi and Kusile power stations account for much of the financial crisis at Eskom, says President Cyril Ramaphosa, but they are a fitting symbol of the importance of the country’s state-owned enterprises.
Peace in sight? Paris summit seeks solution for Ukraine war
The summit notably includes the first face-to-face meeting between Zelenskiy, a comic actor and political novice, with Russian President Vladimir Putin.
For Growth Stocks, Profits Are The New Normal
Profitable companies outperform by a wide margin over time, even among high-growth companies, which often post losses early in their lifecycles.This year's equity market landscape is littered with hig
Commission approves pan-EU battery project
The plan aims to invest more than €8 billion in battery projects across Europe over the coming decade.
HSBC COO to Step Down, Amid Senior Management Changes
There’s been a number of changes to the senior management team at HSBC, which have been made as part of the next phase of the bank’s strategy.
China reportedly bans foreign technology in government offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
DUP accuses Boris Johnson of breaking his word on union commitment
Boris Johnson has been accused of breaking his word over his commitment to protect the union between Great Britain and Northern Ireland by the leader of the Democratic Unionist Party. As the Prime Minister faced fresh questions over trade within the UK after Brexit, Arlene Foster said Government officials had told her there would need to be checks. Asked on BBC Radio 4’s Today programme about the sense of some in the unionist community that Mr Johnson’s deal was a “betrayal”, she said: “I think it is right for the leadership of unionism in Northern Ireland to try to work with the prime minister of the day to get the best deal for Northern Ireland. “We will always do that. We will continue to do that. I think it says more about the person who broke their word than me and the leadership of the… Democratic Unionist Party.”
Investors lay siege to SEBI office, demand Karvy-like action against BMA Wealth
On Monday, SEBI’s office came under siege as a crowd of 40-50 stock market investors blocked the main entrance of the regulator’s BKC office building. The commotion led to police being called to guard
Varonis Systems Inc (NASDAQ:VRNS) Given Average Recommendation of “Buy” by Brokerages
Varonis Systems Inc (NASDAQ:VRNS) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that […]
Scotland at Euro 2020 – what Russia doping ban means for Steve Clarke’s side
RUSSIA have been handed a four-year ban from all major sporting events – but will still deny Scotland an automatic place at Euro 2020. We told you last month how the world’s largest nat…
West Lothian Council agrees to sell off historic Linlithgow buildings
The former town museum is now in private hands
HSBC reshuffles top team ahead of restructuring
Interim chief Noel Quinn plans big overhaul of group to slash costs in Europe and the US
Indian Full Service Carrier Vistara Signs Codeshare Pact With German Aviation Major Lufthansa
New Delhi (Sputnik): The aviation sector in India contributes $72 billion to its Gross Domestic Product. The country has 464 airports, of which 125 are owned by the government. According to Indian Commerce Ministry statistics, Foreign Direct Investment in India’s aviation sector reached $1.8 billion between April 2000 and December 2018.
Child poverty figures show much more needs to be done
The New Zealand Maori Council has called the latest childhood poverty statistics released by the Children’s Commissioner as appalling for a first world nation and has called upon the Government to do more. Matthew Tukaki, the Councils Executive Director has also indicated that a good per head of population proportion within the data shows that Maori and Pacific communities are most affected.
Money Saving Expert Martin Lewis discusses top bank accounts for children
Martin also told parents which method not to bother with
These are the latest cases and convictions from Preston's courts - Monday, December 9, 2019
Here is the latest round-up of cases at Preston’s courts.
Engineer Claims to Have Discovered Possible Location of MH370
Malaysian Airlines Flight MH370 with 239 passengers and crew disappeared from radars on 8 March 2014, and its fate continues to remain unknown. Several scientists and plane hunters have been putting forward their theories about what could have happened to the craft and where it could be currently located.
Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
EU weighs response to Turkey-Libya maritime border deal
Brussels (AP) - European Union foreign ministers debated Monday how to respond to a controversial agreement between Turkey and Libya that could give Turkey access to a contested economic zone across the Mediterranean Sea.
Goldman raises oil forecast on Opec output cuts
The bank revised its Brent spot price forecast to $63 per barrel for 2020.
'It was horrible': CP Rail train derails in Sask., sparking fire that closes highway
The fiery derailment of a Canadian Pacific (CP) freight train overnight left a large swath of highway in Saskatchewan closed Monday morning.
Natural Gas - Something Needs To Happen Soon
The January contract displays an oversold condition.Stocks are slowly dropping.It is too early for carnage on the downside, but time is running out.The spring of 2020 could be ugly - an opportunity.U.
Asian shares rise after buying mood on Wall Street ends week
TOKYO — Asian shares were mostly higher Monday cheered by a buying mood on Wall Street that came at the end of last week.
There won’t be increased bus service during the SkyTrain shutdown tomorrow
Coast Mountain Bus Company has announced that it will not be increasing bus service in response to the planned SkyTrain strike by CUPE 7000.
Govt mulls allowing employees to reduce PF contribution
The proposal will face stiff opposition from trade unions, which had earlier expressed strong reservations about the move saying this would defeat the purpose of the social security scheme run by the Employees Provident Fund Organisation (EPFO).
BIO-TECHNE Corp (NASDAQ:TECH) Director Sells $435,700.00 in Stock
BIO-TECHNE Corp (NASDAQ:TECH) Director Harold J. Wiens sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $217.85, for a total value of $435,700.00. Following the transaction, the director now owns 7,221 shares in the company, valued at $1,573,094.85. The transaction was […]
Petrol price hits Rs 75 per litre mark, diesel price crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre
Deadly India fire in one of thousands of illegal factories
NEW DELHI (AP) - Day laborers in one of New Delhi's most congested neighborhoods demonstrated against unsafe working conditions on Monday, a day after at least 43 people were killed in a devastating fire at an illegal factory there.
India to witness 7.12% rise in job creation in October-March: Report
India Business News: India is expected to witness a marginal 7% rise in job creation in the October-March period, as subdued economic conditions have dampened employment o
Putin set for landmark Paris talks on Ukraine conflict
Russian leader Vladimir Putin will for the first time hold formal talks with Ukrainian counterpart Volodymyr Zelensky over the conflict in Ukraine's east on Monday, in a much-anticipated summit in Paris.
StartersHub, micro VC from Istanbul and San Francisco, to invest in 60 startups from central and eastern Europe
StartersHub, an early-stage tech investment fund based in Istanbul and San Francisco, will back 60 eastern European startups over the next four years in an effort to bridge the gap between pre-seed and seed funding. Arda Aşkin, managing director at StartersHub, explained: “Despite the fact that a record €0.7 billion was invested in CEE startups […]
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at...
JNU: Protest Over Fee Hike Turns Violent, Police Lathicharge Agitating Students
The development comes after the JNU administration rejected the students'demand for complete rollback of the proposed hike in the hostel.
Vietjet begins direct flights connecting Delhi to Ho Chi Minh City, Hanoi
The Hanoi-headquartered airline had announced these flights in August and had been planning to connect India first in 2017 and then in 2018
Romanians, Lithuanians, heaviest EU spenders on food, and non-alcoholic beverages
In 2018, households in the European Union (EU) spent 12.1% of their total consumption expenditure on food and non-alcoholic beverages, with...
Here’s How the US-China Trade War is Helping JD.com Stock Bulls, Bears
Don’t attempt to trade volatile and varied headlines, invest your trust in a powerful trade war pattern setting up on the price chart of JD.com.
'Buyer's Price' program to continue until June 2020
Programming offering subsidized homes for first-time buyers will continue through first half of 2020, Finance Ministry says.
F&O: Market to see major selloff if Nifty slips below 11,888 mark
In monthly options, maximum Put open interest was at 12,000 followed by 11,500 levels.
Go for quality in consumption stocks: Andrew Holland, Avendus Capital
The auto sector corrected in the past year and that is why we see value and prices rebounding in some cases
FAI crisis: ex-president says liabilities could be ‘close to €80m’
Brendan Menton says all stakeholders need to work together to solve funding crisis
FAI, Shane Ross and Sport Ireland called to emergency meeting
Ex-president of FAI says association’s liabilities could be ‘close to €80 million’
Using Kyoto credits to meet Paris agreement 'misses the point': Garnaut
A reliance on "carryover credits" to meet an emissions reduction pledge will ultimately cost the economy more than taking decisive climate action, Ross Garnaut says.
Hope to reach trade agreement with US as soon as possible: China
China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh US tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday.
Insider Selling: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Sells 10,000 Shares of Stock
Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the transaction, the director now owns 16,065 shares in the company, valued at $265,393.80. The transaction […]
The unappealing fate of the WTO’s Appellate Body
Unless there is a massive U-turn by the US, the institution will grind to a halt
Sensex rises 42 points; bank, auto stocks shine
Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06 per cent, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel. On the other hand, TCS, HCL Tech, L&T, IndusInd Bank, Tech Mahindra, SBI and ITC lost up to 2.93 per cent.
Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors, Business Insider - Business Insider Singapore
Business Insider - The investment bank pointed to a host of reasons, even Modern Monetary Theory, as factors in its forecast.. Read more at businessinsider.sg
Analysts Expect Icon Plc (NASDAQ:ICLR) Will Announce Earnings of $1.83 Per Share
Brokerages predict that Icon Plc (NASDAQ:ICLR) will report earnings of $1.83 per share for the current quarter, according to Zacks. Six analysts have made estimates for Icon’s earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.81. Icon posted earnings of $1.62 per share during the same […]
Big tax cuts may be coming for middle class in next Budget; here's why
Responding to a question at an event in Delhi recently, finance minister Nirmala Sitharaman also said that the government was looking at myriad suggestions and the relaxation on personal income tax was one of them before it presents the Union Budget 2020 in February next year
Deadly India fire in one of thousands of illegal factories
NEW DELHI (AP) - Day laborers in one of New Delhi's most congested neighborhoods demonstrated against unsafe working conditions on Monday, a day after at least 43 people were killed in a devastating fire at an illegal factory there.
Swedbank revamps management after money laundering probe
STOCKHOLM (Reuters) - Swedbank (SWEDa.ST) said on Monday its chief risk officer was leaving as the Swedish bank’s new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.
Cryptocurrency Exchange OKEx to Launch Options Trading This Month
Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.
Petrol price hits Rs 75 per litre-mark, diesel crosses Rs 66
India Business News: Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year & diesel price crossed Rs 66 a litre mark in the national capital
Gold Losing Its Luster
One reason for owning gold is it tends to serve as a safe haven asset and performs well in an environment where economic activity is slowing.On the other hand, investors might look to copper as an inv
Samsung executives guilty of destroying evidence in fraud case
Three employees jailed for up to two years in case linked to $3.9bn accounting fraud
EU approves €3.2bn research fund for battery development
The European Commission has approved a €3.2bn (£2.7bn) state aid fund from seven European Union countries for research into battery technologies.
Census Bureau head says IT concerns are being remedied
ORLANDO, Fla. (AP) — Information technology problems at the U.S. Census Bureau have been fixed or are in the process of being remedied, despite recent reports raising concerns about the...
USD/CAD Technical Analysis: Bulls gearing up for a move towards reclaiming 1.3300 handle
The USD/CAD pair extended its sideways consolidative price action through the mid-European session on Monday and remains confined in a narrow trading
Airbus Logs $18B Mega Orders
Big orders from Emirates and Air Arabia announced at Dubai Airshow have been logged.Delivery profile not fully satisfactory.Airbus book-to-bill ratio approaches 1.
Cisco Stock May Be a Great Value Name
Cisco stock offers many compelling features. CSCO stock is one or two pieces away from being great for growth and income investors.
Here is why Jumia has closed shop in Rwanda – Techjaja
Starting from today, Jumia Rwanda will no longer be able to accept cash on delivery and can only process pre-paid orders.
SailPoint: Potential Tailwind Ahead, But Expect Some Sales Execution Issues
The broader data privacy trends in particularly US and Europe will drive growth for SailPoint going into FY 2020.We see SailPoint's platform as a painkiller for enterprises to navigate the complexitie
‘IDB membership can help project exporters penetrate LAC market’
The Export Import Bank of India (Exim Bank) has urged the the government to consider taking membership in Inter-American Development Bank (IDB). This could provide opportunities for Indian project exp
Corporate appetite in MENA grows in 5 years – Arabnet Report
Mubasher: The entrepreneurial ecosystem across the Middle East and North Africa (MENA) has been grabbing global and regional attention, with higher investor appetite and interest in the region’s startups, according to Arabnet report. The “State of …
iDreamSky in talks to buy Leyou
Mobile publisher would get controlling interest in fellow Chinese outfit with stakes in Digital Extremes, Splash Damage, SNK Playmore
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Square Stock Has the Only ‘CEO Bro’ We Can Trust
Because of African demographics and economic realities, the opportunity for first-to-market dominance is too lucrative to pass up for Square stock.
Rugby Australia backs CEO Castle amid criticism over Folau case
Rugby Australia (RA) have backed embattled Chief Executive Raelene Castle to continue in the role in the wake of intense criticism over her ...
Xinyuan Real Estate: The News Is Not Good
Results from the last quarter are disappointing.Almost every financial indicator is negative.The ongoing liquidation of TPG's holdings exerted further downward pressure on the stock price.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Is Boris Johnson telling the truth on Northern Ireland border checks?
The UK prime minister has been called out as wrong for saying there will be no checks on goods between Britain and Northern Ireland after Brexit.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
Last week, govt had reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes while that on wholesalers to 25 tonnes from 50 tonnes as onion prices were ruling high up to Rs 150 per kg. Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Crypto Community Crowns Tezos (XTZ) As The New ‘Ethereum of 2017’
Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Dalat Hasfarm said to have raised $70m from Lombard Investments
International private equity firm Lombard Investments said to have invested $70 million in Vietnamese floriculture company Dalat Hasfarm in lieu of a majority stake.
Amazon is opening a new office in New York City. Here are 11 mind-blowing facts that show just how wealthy CEO Jeff Bezos really is., Business Insider - Business Insider Singapore
Business Insider - Worth an estimated $109 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $1.2 million.. Read more at businessinsider.sg
Cosel adds four lower power options to LHA PSU series
Cosel has announced four series of open frame, low profile, compact power supplies covering the range of 30W to 100W and UL/EN62368-1 certified.
Small business hiring slow, likely to remain so, reports say
NEW YORK (AP) - Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020.
Former Federal Reserve Chairman Paul Volcker has died
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.
Factbox: Volcker quotes on U.S. banks, inflation, government
WASHINGTON (Reuters) - Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92.
Macy’s Spotlights Women-Owned Businesses With SoGifted
Macy's is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses.
Japanese Trade Minister to discuss RCEP pact with Goyal
Talks may discuss New Delhi’s concerns, suggest ways to make Indian industry more competitive
Brent may stay range-bound in Q1; risks loom in 2020
Last week’s OPEC+ decision to cut output by a further 500,000 barrels a day during the first quarter of 2020 – in addition to the existing cut of 1.2 million barrels a day – has not had the big bang i
Albania Earthquake
Albania's prime minister on Monday hailed the work of Israeli engineers who have come to the country to help in the aftermath of a devastating earthquake that destroyed thousands of buildings. The Israelis are among scores of foreign engineers and experts who have come or will be headed to the country
European Union to prolong Russia sanctions: German minister
EU leaders will renew economic sanctions against Russia when they meet for a summit this week, German Foreign Minister Heiko Maas said Monday. Maas said he saw no reason to relax the measures imposed on Moscow over its role in the conflict in eastern Ukraine. The sanctions target whole sectors of the Russian economy, including its valuable oil and gas industries.
FIRS: Buhari appoints Nami to replace Fowler (Updated)
President Muhammadu Buhari has appointed Mohammad Nami, a renowned tax consultant to replace the Chairman of Federal Inland Revenue Service, FIRS....
Australian Digital Health Agency chief suddenly quits
After three years.
Mainstream taps Rothschild for equity partner search
Eddie O’Connor owns 55% of company
Smartly Avoid General Electric Stock Dividend for Capital Appreciation
Reassuring news that General Electric was keeping its dividend should move GE stock higher. But, profit-taking is likely to occur first.
Lord & Taylor returning to New York with pop-up store
Lord & Taylor is reopening in New York less than a year after shuttering its flagship department store. But the new store will only be open for a limited time.
Cadence Design Systems: Great Prospects, Mostly For The Operations
Cadence Design Systems is an undercovered beneficiary of the continued semiconductor boom.The company is well positioned and has a good track record, yet valuations have gotten a bit out of hand.I lik
Starling Bank Adds First Legal Services Partner to Business Marketplace
UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. Ac
SPONSORED: Unprecedented reduction in member commission rates at ANM
Aberdeen & Northern Marts (ANM) has announced a transformational change to livestock commission rates bringing significant reductions for customers who are shareholders in its co-operative business.
Broad participation of Turkish auto parts suppliers in major Shanghai fair
Turkey, along with Taiwan and Germany, saw the highest turnout at the 15th Automechanika Shanghai, which brought together the world's leading auto parts...
Finland to get youngest ever PM
Sanna Marin, Finland's youngest prime minister ever has been voted in by her Social Democratic party after the resignation of Antti Rinne.
South African Electricity Utility Reveals Cause Of Worsening Power Crisis
South African electricity utility Eskom on Monday blamed rains for worsening rolling power blackouts that have continued for five days running, Concise News reports.
'Recent spike in retail inflation mainly on costlier food, government taking steps to moderate prices'
India Business News: The recent spike in retail inflation is mainly due to high food prices and the government is taking steps to moderate the volatility in prices, minist
Wales schedule Austria friendly for March
The Dragons line-up against Italy, Switzerland and Turkey in Group A this summer.
Jhunjhunwala likely to withdraw from YES Bank's preferential share offer
Lender’s board may also reject the $1.2-b offer by Erwin Singh Braich, SPGP Holdings
Imran urges overseas Pakistanis to invest in Pak, says learn from Indians
He lamented that Pakistani people were unaware of the dire consequences corruption could have on their lives
Imported onions reach Dindigul market
Farmers begin cultivation of shallots
Tariff hikes can double telcos operating profit in FY21: Report
India Business News: The steep tariff hikes, effected earlier this month by the battered telcos which held prices at rock bottom levels for nearly five years, can help mor
Fowler out, Muhammad Nami in – here are few things you need to know about the new head of Nigeria's revenue-generating agency, FIRS
The Nigerian government has appointed Muhammad M. Nami as the new chairman of the country's revenue-generating agency, Federal Inland Revenue Service.
Margrethe Vestager says EU will review competition rules in light of increasing digitalisation
The EU will review its rules on how it defines markets to react to increasing digitalisation, EU competition chief Margrethe [...]
Paul Volcker, former Federal Reserve chairman, dies at 92
The economic statesman's greatest historical mark: shocking the US economy out of a cycle of inflation and setting the stage for a generation of prosperity.
Irish pig prices remain stagnant at below €2/kg mark
It has been outlined that there has been no rise given in quotes from Irish pig factories for a fourth week in succession.
St Andrews luxury hotel and golf course sold to Hong Kong investors
Fairmont St Andrews, one of Scotland’s most prestigious hotels, has been sold to a new Hong Kong property company targeting global investments in the golf and hospitality industries.
US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
The U.S. SEC is seeking to reopen a case against Bitcoin fraudster Renwick Haddow, as he has not resolved the regulator’s claims for monetary relief.
Zurich-based Sonect, the app converting any shop into a ‘virtual ATM’, snaps up €7.7 million
Zurich-based Sonect has snapped up €7.7 million in Series A funding, which will go towards expansion into new markets, growing its team and strengthening its technology.
Sebastian Suhl to Exit Valentino
Suhl joined the couture house in January 2018 as managing director of global markets.
Bitcoin Road to $100K: Peter Brandt Explains the When and How
Bitcoin is heading towards the $100,000 mark, according to veteran commodity trader Peter Brandt, who shared his analysis in a new video clip. However,
Where households can save their money
Recent trends show a decent return in low-risk instruments. However, inflation has diminished the actual income on savings
The Pros and Cons of Standard vs. Itemized Tax Deductions
It shields a portion of your earnings from income tax. While the standard deduction is the government's built-in subtraction that you can take while preparing your taxes, itemizing is composed of individual deductions that, together, can help lower the amount of taxable income you pay. Read on to
The US raked in a record $7.2 billion in tariffs in October, new data shows
While the White House has asserted that foreign exporters pay tariffs, there's evidence those costs largely fall on domestic business and consumers.
Shopify Stock Will Continue to Amaze Investors in 2020
Shopify stock, which is up 165% this year, still has more upside opportunities like the one from last week. The triggers are close.
U.K.: The Page Has Turned
Elections are providing outlet for Brexit uncertainty.GDP forecasted to grow and stabilise.UK has fiscal space for mitigating negative Brexit outcomes.
Mahfuz: 59,689 cabbies, e-hailing drivers have signed up with Socso since October
KUALA LUMPUR, Dec 9 — About 59,689 taxi and e-hailing drivers have registered under the Social Security Organisation (Socso) since October this year, said Deputy Human Resources Minister Datuk Mahfuz Omar. He said various initiatives were undertaken by the government, to attract the public...
Aphria Is Making the Right Moves to Survive Marijuana Slump
The outlook for cannabis stocks remains challenging. But if anyone can turn it around in 2020, it could well be Aphria.
Clarks announces loss of 170 jobs just weeks before Christmas
A spokeswoman confirmed 170 staff members will be made redundant and 80 of these workers are based at its Somerset headquarters in Street
Tariff hikes likely to double telcos operating profit in FY21: Report
The Supreme Court order on the AGR puts a burden of Rs 1.47 lakh crore on the industry that has been bleeding for years and sitting on a debt pile of close to Rs 4 lakh crore
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
FG targets $500 AfDB loan to boost technological innovation
The Minister of Industry, Trade and Investment, Richard Adebayo, said the Federal Government has initiated moves to secure a $500 millon (AfDB) fund
Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments
Among the findings of the 2018 Diary of Consumer Payment Choice, produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise.
The Probability Of A U.S. Recession - December 2019
Identifies and discusses two U.S. recession probability models.Shows the current and historical readings of these models.Compares the models' probabilities to the average estimate from a recent survey
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Aerospace engineer Senior mulls selling aerostructures division
Senior has admitted it is thinking about selling off its aerostructures division, in a deal that could be worth up to £450m.
DocuSign: Time To Lock In Profits
Shares of DocuSign soared nearly 10% after reporting Q3 results, extending a recent win streak ever since the company warned of sales execution issues in Q1.Revenue growth of 35% y/y beat Wall Street'
Tariff hikes to double telcos' Ebitda: Crisil
In the last few weeks, Airtel, Vodafone and Jio have increased their tariff- a first since 2016.
East Kilbride Clintons store saved from pre-Christmas collapse
The chain has bought itself out of administration saving 2500 jobs nationwide.
These are the sad reasons Nigerian airlines struggle and fail
The CEO of AMCON, Mr Ahmed Kuru, has listed out the factors responsible for the failure of airlines in Africa’s largest economy.
10 Tax Moves to Make Before 2020
Time is running out to get yourself set up for success when tax filing season starts up early next year.
Just Eat takeover battle hots up with fresh $6.5bn Prosus bid
Offer is about 5% ahead of all-share bid from favoured suitor Takeaway
Pound a Solid "Contrarian" Bet Against the Dollar for Early 2020: BofA
Foreign exchange strategists at Bank of America Global Research have confirmed they remains positioned for a further recovery in the Pound against the U.S. Dollar, describing the stance as one of their "best contrarian G10 FX trades" for the foreseeable future
Retail Major Walmart To Help MSMEs In India In Enhancing Capacity, Supply Chain; Launches Support Initiative
Under the initiative, the company aims to train around 50,000 micro, MSME in next five years, across 25 institutes.
Disabled people score a win in superannuation entitlements
Disabled workers have received a boost with the Fair Work Commission delivering a better superannuation deal for low-income earners with disability.
Rondo Food to close Co Wicklow plant with loss of 135 jobs
Pet food maker plans to move facility to Germany early next year
An American trucking giant is expected to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless
Celadon is said to be declaring bankruptcy this week, and that collapse may leave thousands of truck drivers jobless and away from home.
View: Saudi Aramco's $2 trillion dream isn't really about oil
Saudi officials have taken to the oil sectors investor relations style with aplomb.
McDonald's black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family
Over the past decade, black franchisees have seen the disparities between them and the rest of McDonald's franchisees grow.
Former Federal Reserve chairman Paul Volcker dies aged 92
Paul Volcker, the Federal Reserve chairman who slayed rampant US inflation in the 1970s and 1980s, has died aged 92.
Auckland Strike Action
Auckland bus operators are enraged at the inconvenience to passengers affected by continued bus driver strike action. Even those operators not directly affected by strikes are appalled at the behaviour of First Union and Tramways Union and their aggressive bully tactics which has included assaulting staff and damaging vehicles.
Govt limits stock holding for onion retailers to 2 tonnes to curb hoarding
Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Will Lyft Stock Be Boosted by Lyft’s Spectacular Performance?
The performance of LYFT, at least relative to expectations, has been spectacular in recent quarters. But Lyft stock has struggled badly.
The 2020s could be an apocalyptic decade for Wall Street as artificial intelligence takes over the most popular jobs in finance
The financial services industry is a popular place for job seekers, but artificial intelligence could wipe away a million banking jobs.
Unai Emery: Former Arsenal boss approached by Everton for manager job
Former Arsenal boss Unai Emery was approached about the Everton job, Sky Sports News understands.
Tracking deals: Fireside leads ₹20 cr round in SARVA
SARVA, a leading yoga studio chain, has raised ₹20 crore in its first institutional round led by Fireside Ventures with participation from angel investors. It will use the money to double the retail
Travelstart takes over Jumia Travel
Weeks after it closed shops in Cameroon and Tanzania, Jumia, the largest e-commerce operator in Africa, has offloaded its travel operations to Travelstart. In the new arrangement, Jumia will still promote the travel category on its platforms but Travelstart will be responsible for the “operational side of the business.” “This partnership will ensure we remain […]
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL Securities
Reforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
South Korea: Government Mulling Taxing Cryptocurrency Capital Gains
The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019.
The tough task of drawing up a structure and norms for a social stock exchange
Social enterprises may have to balance between improving the lives of people and earning returns
Do Andhra Pardesh ration cards carry Jesus Christ's image?
According to the government, the dealer in East Godavari district had been using different images on ration cards while printing them. For example, in 2016 the dealer had printed ration cards with Satya Saibaba on it.
Vector - Still Not Covering Dividend, Current Share Price Is A Gift To Longs, Sell
Even after a 50% dividend cut, Vector is still not covering its dividend. Don't take my word for it - the CFO just admitted it! Bond holders are getting paid over 10.5% while equity investors will be
PROFILE: Muhammad Nami, a tax consultant, heads Nigeria's FIRS
President Muhammadu Buhari on Monday nominated a renowned tax consultant, Muhammad Nami, as the new chairman of the Federal Inland Revenue Service (FIRS).
GBP/USD retreats modestly from eight month highs to the 1.3130 area
The GBP/USD dropped from 1.3180 -the highest level since early April- to 1.3135 following the release of a new poll ahead of the general election in t
Pace of housing starts edges up in November on strength in B.C., Alberta
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
BHEL recruitment through interview: Salary up to Rs 66,000; diploma holders can apply too
BHEL recruitment: Candidates will be hired for a two-year contract. Interested can apply at the official website, careers.bhel.in by December 21, 8 pm. The last date to submit the application form by post is December 31.
UPDATED: Fowler out as Buhari appoints new chairman for FIRS
President Muhammadu Buhari on Monday approved the exit of Babatunde Fowler as the chairman of the Federal Inland Revenue Service.
Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate
The Intercontinental Exchange’s digital asset platform Bakkt launched the first regulated Bitcoin options and cash-settled futures.
DCW Chief Swati Maliwal Urges Smriti Irani to Disburse ‘Nirbhaya’ Fund to States
The Union Home Ministry on December 5 sanctioned Rs 100 crores from 'Nirbhaya' Fund for setting up women help desks at police stations across the country.
Bitcoin Eyes Crash Towards $6K as Market’s Distress Grows
Bitcoin opened on a faint note this Monday as the market showed a lack of sense of direction owing to low volatility. The world's leading cryptocurrency
EU opens subsidies for electric battery push
BRUSSELS, Dec 9 — The EU’s powerful anti-trust authority today approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries. The move is part of a big push led by Germany and France to prepare Europe for the emergence of electric cars, as...
Amazon, Flipkart planning to help SMEs go digital and grow their businesses
E-commerce giants adopt similar strategy to helps SMEs
Stop drug prices rating
© EDITOR — Soon after the government announced that as a country we are moving from the multi-currency system to the Zimbabwe dollar, the prices of medical drugs escalated, showing that even now the rating system is still being applied.
‘With ₹32,000-crore, MP Lodha is India’s richest developer’
Mumbai, Delhi and Bengaluru account for three-fourths of the country’s richest players in real estate sector
PMI: Nigeria’s manufacturing sector gains momentum in November
Nigeria’s manufacturing sector has continued to gain momentum as it rallied to build on the growth recorded in the third quarter of 2019.
Fostering a new era in the climate change space
Sangam Ventures provides seed and early-stage funding to start-ups in the cleantech sector
Former Fed Chairman Paul Volcker, known as inflation buster, dies at 92
Dec. 9 (UPI) -- Paul Volcker, a towering figure in the history of the U.S. Federal Reserve Bank who took tough measures to battle inflation in the late 1970s and early 1980s, has died. He was 92.
Onion nightmare continues for consumers
Price of the commodity ranges between ₹110 and ₹170 per kg depending on the variety
Parliament approves ship recycling bill passed in RS today
Parliament on Monday approved a legislation to regulate recycling of ships with a view to make India an attractive ship breaking destination to create employment while at the same time ensuring it does not become a dumping ground of the world. The Recycling of Ships Bill, 2019 was passed in Rajya Sabha by a voice vote
PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively
What Continental Resources Should Do Next
Continental Resources reported a profit of $0.54 per share and generated free cash flows of $79.3Mn, even as it realized oil prices of just around $51 a barrel. The company could deliver strong result
How Truckers Keep On Transacting
America's 3.5 million truckers face serious delays when they can't easily pay for fuel and cargo unloading services. Carrying cash isn't always safe, and payments acceptance can vary retailer-to-retailer. In the new Next-Gen Payments Report, Women In Trucking Association CEO Ellen Voie explains how EMV cards, expense tracking and budgeting tools keep drivers from veering off course.
Toyota to invest PhP 4.5 billion to build new Luzon import hub
Toyota does import over 100,000 CBU vehicles a year
US labor board will investigate Google's recent firings
US labor relations board will determine if Google violated federal labor laws and discouraged union organizing.
FIRS: Buhari fails to renew Fowler’s tenure, names successor
President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, subject to Senate
Pound-Euro Rate's Recovery Potential Limited Beyond 1.20: AFEX
Foreign exchange strategists with foreign exchange brokers AFEX say Pound Sterling is likely to remain relatively well supported against the Euro, and the strong rally in the exchange rate seen over recent weeks can potentially reach 1.20
Mbalula’s Prasa-administration announcement is welcomed by Scopa
Transport Minister Fikile Mbalula’s announcement that he had decided to place state-owned Passenger Rail Agency of South Africa under administration with immediate effect has been welcomed by the Standing Committee on Public Accounts.
Exclusive: Hyundai's $1.8 billion shipbuilding deal with Daewoo faces full EU probe - sources
BRUSSELS (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s (267250.KS) $1.8 billion merger with rival shipbuilder Daewoo (042660.KS) will face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.
BigTech Cryptocurrencies Pose Risk to Global Financial Stability: FSB
The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto
Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?
Summary XRP has seen an increase of 4.25% this week as it reaches $0.23. The cryptocurrency broke above a steep descending channel that was apparent in
European Funds Ministry, WB discuss linking entrepreneurship to education system, through EU-funded vouchers
The representatives of the Ministry of European Funds (MFE) and those of the World Bank are discussing the possibility of implementing...
$0.07 Earnings Per Share Expected for Alamos Gold Inc (NYSE:AGI) This Quarter
Brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year over year growth rate of […]
Former Federal Reserve Chief Paul Volcker dead at 92
Paul Volcker, the towering former Federal Reserve chairman who tamed US inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to the New York Times, which quoted his daughter.
Will the pound go up in value if Labour wins the general election?
We examine John McDonnell’s claim that Labour’s spending plans could boost sterling
USD/CAD falls toward 1.3220 as WTI rebounds to $59
After spending the majority of the day moving sideways near 1.3250, the USD/CAD pair lost its traction during the American trading hours and slumped t
UPDATE 2-France to ban dozens of glyphosate weedkillers amid health risk debate
* Regulator says lacks evidence to exclude potential health risks* Bayer says will offer further data to French regulator* Debate continues in Europe, U.S. over cancer links* Austria pulls back from outright glyphosate ban from January (Adds details of banned products, background)By Gus Trompiz and Sybille de La Hamaide
Ex-Fed Chair Volcker dies, tamed inflation with recession
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92.
ABB (NYSE:ABB) Receives New Coverage from Analysts at Barclays
Research analysts at Barclays assumed coverage on shares of ABB (NYSE:ABB) in a research report issued on Monday, BenzingaRatingsTable reports. The firm set an “overweight” rating on the industrial products company’s stock. ABB has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ABB […]
France to ban dozens of glyphosate weedkillers amid health risk debate
PARIS (Reuters) - France’s health and environment agency said on Monday it was banning dozens of glyphosate-based weedkillers, most of the volume of such products sold in France, ruling there was insufficient data to exclude health risks.
Tullow’s timely lesson for bets on battered energy stocks
The search for unfairly undervalued energy investments is peppered with difficulties
Crimea appears to be thriving under the control of Putin’s Russia
Russia is now in charge and it is evident the country is committed to turning Crimea around.
Aberdeen Asia-Pacific Income Investment (TSE:FAP) Trading 0.3% Higher
Aberdeen Asia-Pacific Income Investment (TSE:FAP)’s stock price traded up 0.3% during trading on Monday . The stock traded as high as C$3.55 and last traded at C$3.55, 35,313 shares were traded during trading. A decline of 36% from the average session volume of 54,849 shares. The stock had previously closed at C$3.54. The stock has […]
Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market Bottom
After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s
Zacks: Embotelladora Andina SA ADR Series B (NYSE:AKO.B) Receives Average Recommendation of “Strong Sell” from Brokerages
Embotelladora Andina SA ADR Series B (NYSE:AKO.B) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. Brokerages have set a 1-year consensus price target of $16.00 for the company, […]
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless, Business Insider - Business Insider Singapore
Business Insider - Celadon declared bankruptcy on Dec. 9, and that collapse is worrying truck drivers that they may be stranded.. Read more at businessinsider.sg
South Africa steps up power cuts after flooding hits major plant
JOHANNESBURG — South Africa’s state energy company Eskom is cutting up to 6,000 megawatts (MW) of power from the national grid after heavy rain and flooding triggered failures at its Medupi plant, disrupting supplies to businesses and households across the country.
Study: High-Tech Job Growth Overwhelmingly Benefits Three California Cities | Breitbart
High-tech sector job growth is overwhelmingly benefiting three California cities, plus Seattle and Boston, while the rest of the U.S. has been left behind in the dust, according to a new study.
TANAP and Turkey's energy ambitions
The December 3-4 NATO summit in London was marked by internal bickering between member states. Yet by the end of the two-day gathering, consensus was reached on one item: that Russia poses a major problem to the alliance.
It may not be HQ2 but AOC declares victory and trolls Amazon over New York expansion
Can we call it HQ1/2?
Gemini Dollar (GUSD) Price Up 1.2% This Week
Gemini Dollar (CURRENCY:GUSD) traded down 0.2% against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on December 9th. One Gemini Dollar token can currently be purchased for about $1.00 or 0.00013392 BTC on exchanges including DEx.top, HitBTC, The Rock Trading and Bibox. In the last week, Gemini Dollar has traded up […]
Sutter Rock Capital Corp. (NASDAQ:SSSS) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Sutter Rock Capital Corp. (NASDAQ:SSSS) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Analysts have set a one year consensus price target […]
Oil slips as weak China exports highlight trade war impact
NEW YORK (Reuters) - Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
Under $3, Plug Power Stock Is a Good Speculative Buy
Plug Power and PLUG stock lost all momentum Dec. 2 when it announced it would sell up to 40 million shares in a secondary offering.
Vietnam ministry may cut some tariffs on U.S. agriculture
Under pressure from the U.S., Vietnam’s Ministry of Finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples.
Mary Winston leads Bed Bath & Beyond Inc. and its 60,000 associates as interim CEO
Bed Bath & Beyond Inc. an American chain of domestic merchandise retail stores operating in Puerto Rico, Canada, and Mexico has settled on Mary Winston as its interim Chief Executive. Founded in 1971, Bed Bath & Beyond – part of the S&P 500 and Global 1200 Indices – is hopeful Ms. Winston will lead them...
What the General Election outcome will mean for the pound - and your travel money
As we head into the final week of campaigning, the Pound is currently trading at a 31-month high against the euro - here's what you need to know if you're about to swap your cash
Where to buy last minute Christmas gifts online: last delivery dates
Find out when the last delivery dates for Amazon, John Lewis, Currys PC World and more are this Christmas.
Piyush Goyal demands reciprocal access for Indian companies abroad
Foreign cos wont be allowed in local contracts unless India Inc gets to compete in those nations, said Goyal.
Mbalula: Placing Prasa Under Administration Will Get It Back On Track
JOHANNESBURG – Transport Minister Fikile Mbalula said his decision to place Passenger Rail Agency of South Africa (Prasa) under administration with immediate effect will allow for rapid action to get the parastatal back on track. Mbalula made the surprise announcement at a briefing in Braamfontein on Monday shortly after informing staff about the decision, which […]
Italy proposes new plan to rescue ArcelorMittal plant; 8,000 jobs at stake
Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk
Bong Go: Manila Water should be held liable for failing to construct sewer, wastewater system
Administration ally Senator Christopher “Bong” Go said on Monday that Manila Water Company, Inc. should be held liable for environmental damage because of their failure to construct a sewerage and wastewater system as stated in their contract.
Better Business Bureau shares tips on how to avoid scams, thefts during holiday season
The Wisconsin Better Business Bureau is sharing tips on how to avoid popular scams and package thefts this holiday season.
EUR/USD price analysis: Euro erases most of the intraday gains, challenges the 1.1059 support
The common currency, on the daily chart, is trading below its 200-day simple moving average (DMA).
Tullow’s shares go down by 50 percent as CEO resigns over poor performance in Ghana
The shares of Tullow Oil Plc on the London Stock Exchange (LSE) dropped by over 50% as its CEO, Paul McDade resigned due to the poor performance in its Ghana operations.
Why These 2 Natural Gas Stocks Are Soaring Today
Antero Resources and Antero Midstream are working together to enhance their outlook.
Mindexcoin Price Tops $0.0010 on Major Exchanges (MIC)
Mindexcoin (CURRENCY:MIC) traded 0.3% lower against the dollar during the 1 day period ending at 11:00 AM ET on December 9th. One Mindexcoin token can now be bought for about $0.0010 or 0.00000013 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta), Token Store, LATOKEN and Mercatox. Mindexcoin has a market capitalization of $674,350.00 and approximately $7,246.00 […]
Jumia Closes Shop In Rwanda Days After Exiting Cameroon, Tanzania
Jumia has closed its shop in Rwanda after six years of operation, days after exiting Tanzanian and Cameroonian market.In a message to its customers the New York-listed e-commerce platform said it
AICHAIN (AIT) Achieves Market Cap of $438,636.00
AICHAIN (CURRENCY:AIT) traded down 1.8% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM ET on December 9th. One AICHAIN token can currently be purchased for $0.0008 or 0.00000011 BTC on popular exchanges including CoinEgg, BCEX, FCoin and OTCBTC. AICHAIN has a total market cap of $438,636.00 and $22,239.00 worth of […]
Russia tells UK court Ukraine should be forced to pay debt despite disputes
LONDON/KIEV (Reuters) - Russia told Britain’s Supreme Court on Monday that Ukraine should not be allowed to use geopolitical arguments to dispute billions of dollars in debt, after Kiev argued it had been forced to borrow the money from Moscow.
Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
AMSTERDAM (Reuters) - Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in their bitter takeover battle.
Health Minister Simon Harris calls on Dara Murphy to return expenses money
The Minister for Health has broken ranks and directly challenged Mr Murphy to give the taxpayer something back
Investors Should Buy Amazon Stock While It Keeps Treading Water
Worries about Amazon's declining AWS growth and rising content spending appear to be overblown. Amazon stock has got plenty of life in it.
Alta Fox Opportunities Fund - Keywords Studios PLC
KWS was the biggest loser in the portfolio in Q3.The stock declined because of Q3 results, which were deemed disappointing by the market.We remain long as I think the company is well positioned for se
Prosus Boosts Just Eat Bid To $6.5B
Naspers-owned Prosus upped its bid to $6.5 billion to acquire London's food delivery service Just Eat, putting pressure on rival buyer Takeaway.
Deutsche to cut €100m from domestic retail banking unit
Lender plans to scrap legal entity that runs the operation and merge it into group
South Korea jails three Samsung Elec execs over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under ...
Kraken Adds GBP Support for U.K.; What This Means for Crypto Market
Crypto asset exchange Kraken has added two new options for GBP deposits and withdrawals in attempts to speed up the exchange of funds for users. Related
Xizi elevators and market competition in Nigeria
With the population of Nigeria hitting over180 million and the designation as Africa’s largest economy, the country is seen as the next global investment
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
As per the ministry's data, maximum retail prices are ruling at Rs 165 per kg on Monday, while modal price was at Rs 100 per kg. In most cities, onions are quoted over Rs 100 per kg in retail markets, pinching hard on consumers' pocket.
Technically Speaking For 12/9: The Weekly Charts Are Bullish
Hedge fund activity might be a partial reason for the spike in money market yields this fall.Tech companies face increasing pressure.The weekly charts are positive.
SAG 2019: Boxers, Kabaddi Team Shine as India Close in to 300-Medal Mark on Penultimate Day
India has topped every edition of the South Asian Games since its inception in 1984.
Group moves to create market window for rice farmers
The Nigeria Farmers Group and Cooperative Society (NFGCS), has moved to create a larger market window for farmers by aggregating rice paddy across
Analysts Claim Indirect Investment in Cryptocurrency and Blockchain helps Manage Massive Risks
There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to gain exposure to this space by investing in publicly listed companies that are working with blockchain and multiple cryptocurrencies, reported by LifeHacker, December 8, 2019.
Analysts Set CarMax, Inc (NYSE:KMX) PT at $97.58
Shares of CarMax, Inc (NYSE:KMX) have received an average rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued […]
UK Digital Security Platform Smartlands Will Tokenize Own Equity. Offering to be Sold in the US via Broker Dealer
UK based Smartlands will be tokenizing its own equity selling a 3.5% equity stake in the platform, according to a note from the company. Smartlands is a digital
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless
The trucking “bloodbath” of 2019 is ending on a remarkably sour note.
These are the watches worn by some of the most powerful businessmen and CEOs in the world, Business Insider - Business Insider Singapore
Business Insider - A luxury timepiece is an essential accessory for a CEO. Here is a list of watches worn by some of the world's most powerful executives.. Read more at businessinsider.sg
Cabot Oil & Gas Co. (NYSE:COG) Receives Consensus Rating of “Buy” from Analysts
Cabot Oil & Gas Co. (NYSE:COG) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The […]
Chase Offers can get you cash back at Blue Apron, New Balance and more just for having a card — here are some of the best deals available now, Business Insider - Business Insider Singapore
Business Insider - Chase Offers are cash-back deals at restaurants and retailers for Chase cardholders. Here are some of the best ones available right now.. Read more at businessinsider.sg
Liberals move to start phasing in promised tax cuts in January 2020
The Liberal government says Canadians would begin to see the impact of a proposed tax cut on their first pay stubs of the new year - as long as the party can get enough political rivals to help them deliver on one of their major campaign promises.
Swedbank cuts management team in revamp after laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money ...
Russia, Ukraine leaders to meet in Paris
French- and German-mediated talks seek to end 5-year conflict in eastern Ukraine
Soon-to-be skyscrapers in Habibie’s Meisterstadt megablock feared to disrupt air traffic
Hang Nadim International Airport has demanded that the apartments have a more reasonable height so as to prevent disruption to air traffic.
Insider Selling: Parex Resources Inc (TSE:PXT) Director Sells 90,000 Shares of Stock
Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 90,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.05, for a total transaction of C$1,804,500.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued […]
UK visitors to GCC to increase 22% by 2024, reports ATM
2.8 million UK residents will travel to the GCC in 2024, an additional 500,000 travellers when compared with 2018
Amazon says Trump's obsession with screwing over Jeff Bezos is reason company lost $10 billion Pentagon contract, Business Insider - Business Insider Singapore
Business Insider - Amazon recently lost out to Microsoft on a $10 billion contract, called JEDI, to help the Department of Defense move its sensitive data to the cloud.. Read more at businessinsider.sg
APICORP outlines key recommendations for sustainable growth in Mena
Access to private sector financing and increased energy efficiency amongst key recommendations for sustainable growth of MENA energy sector
Amazon says Trump's 'vendetta' lost it $10bn Pentagon contract
Company said ‘personal vendetta’ against Bezos, Amazon and the Washington Post cost it the cloud computing contract
Royke Tumilaar appointed Bank Mandiri president director
State-owned lender Bank Mandiri’s shareholders have officially appointed Royke Tumilaar to be the bank’s new president director.
Brazil will drill massive oil find despite climate concerns: minister
MADRID (Reuters) - Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about climate change, the country’s energy minister told Reuters on Monday.
Crisis looms over KSRTC again
31,000 staff get 70% of salary after delay of 10 days
Former Fed Chief Paul Volcker dies at 92
Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter Janice Zima. Volcker, who Zima said had…
COP 25: India calls for speedier expansion of international solar alliance
Union Environment Minister Prakash Javadekar said there was a need to speed up this alliance to trap solar energy in a big way
ForMin Aurescu: Romania remains strong supporter of EU enlargement
Romania will remain a strong supporter of EU enlargement, Foreign Affairs Minister Bogdan Aurescu said during a meeting with German...
IIB Board of Directors in Budapest Summed up the Results of 2019: Successful Completion of Relocation to Europe, Record Growth of Loan Portfolio and Key Performance Indicators
On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history.
Why Europe will side with the US over China for 5G
America’s allies are belatedly heeding its warnings about the Chinese technology threat
Coinjer Scam is Making the Rounds, Here’s What You Need to Know
The Coinjer scam is one of the latest cons to hit crypto-related social media recently. The scam primarily operates across Telegram channels and tricks
Tory communities secretary challenged on £16billion spending cuts
The Local Government Association estimates councils have lost almost £16 billion of funding since 2010, equal to 60p in every pound
Edible oil gets costlier due to kharif crop damage, global price rise
Floods in key producing regions resulted in major damage to standing kharif soybean crop
Virgin Galactic's stock could soar 726%, Morgan Stanley says
Virgin Galactic's stock is soaring after an analyst said its space planes could one day disrupt the air travel industry, potentially raking in nearly a trillion dollars a year in sales.
Concerned EU weighs response to Turkey-Libya border deal
Brussels (AP) -
Hero MotoCorp bikes set to get costlier by Rs 2,000 from January 1
Auto manufactures have increased prices owing to the transition cost for migrating to the BS-VI platform
Supreme Court to Hear Today Pleas Against Revocation of Article 370
The development comes after the top court had in November said it would hear all the pleas related to Article 370.
Saudi prince's ambitions hinge on triumphant Aramco sale
RIYADH, Saudi Arabia (AP) - Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion.
USD/JPY: Bears losing their grip as market attempts to bottom
USD/JPY is trading on the bid in the US session following a rise from 108.42 the low to a high of 108.66. The US dollar is holding up despite a strong
Why Investors Should Avoid Zscaler
The cybersecurity company reported strong fiscal first-quarter results and raised its guidance, but its stock price corresponds to higher expectations.
Eight things you probably didn’t know about new FIRS chairman, Nami
President Muhammadu Buhari on Monday approved the composition of a new board for the Federal Inland Revenue Service (FIRS), subject to...
Dinero (DIN) Price Hits $0.0002 on Top Exchanges
Dinero (CURRENCY:DIN) traded up 0.5% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on December 9th. During the last week, Dinero has traded 4.4% higher against the U.S. dollar. One Dinero coin can currently be bought for $0.0002 or 0.00000003 BTC on popular exchanges including Graviex, Trade Satoshi, CryptoBridge […]
Amazon says Trump’s ‘improper pressure’ doomed Pentagon bid
Amazon says President Donald Trump’s “improper pressure” and behind-the-scenes attacks harmed its chances of winning a $10 billion Pentagon contract. The Pentagon awarded the cloud...
Japan, Australia still hopeful of India’s rethink on RCEP
Despite India’s decision to walk out of the ASEAN-led 15-nation Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement last month, officials from India’s Indo-Pacific partners Austral
Whopping 550-home development in Plymouth is getting underway
The site clearance follows the removal of the industrial buildings which was given permission in March
10 things to know about new FIRS chairman, Muhammad Nami
Sodiq Oyeleke President Muhammadu Buhari on Monday nominated Muhammad Nami as the new chairman of the Federal Inland Revenue Service. Subject to Senate confirmation, Nami is expected to repla...
Brazil cattle feedlots grow amid environment pressure, efficiency drive
SAO PAULO (Reuters) - The use of feedlots to finish beef cows will likely grow in Brazil, home to the world’s largest commercial cattle herd, a survey by Dutch animal nutrition and health company DSM showed on Monday.
Job creation to jump 7.12% in Oct-Mar: TeamLease report
According to TeamLease's bi-annual Employment Outlook Report for HY2 2019, economic reforms lifted the spirits for seven of the 19 sectors surveyed, while nine sectors reported a decrease in their outlook for October-March period of this fiscal.
Quarter of world's arms sales from European companies: SIPRI
The UK, France, Italy, and Germany were Europe's biggest arms sellers last year but remain behind Russia and the US.
South Asian Games: India extend lead on medals table, set to cross 300-mark on final day
India is all set to finish on top spot for the 13th time on the trot at the event.
Government Praised for Decisive Leadership on Port Issue
Prime Minister Jacinda Ardern and Deputy Prime Minister Winston Peters are to be commended for their leadership on the Upper North Island port issue, Waterfront 2029 Spokesperson Michael Goldwater said today.
FG launches digital platform to publish daily financial transactions of agencies, ministries
PRESIDENT Muhammadu Buhari has launched the Open Treasury Portal to promote transparency and track spending in the public sector.
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment
Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has reportedly adopted an amended draft law that seeks to
Workers to have legal right to tips paid by credit or debit cards, says Minister
Regina Doherty to expand scope of planned legislation governing payment of wages
Finland picks world's youngest PM, women-led cabinet
Finland's new prime minister - the world's youngest premier - will have a finance minister two years her junior in a new women-led coalition cabinet after a political shake-up, party officials said on Monday.
Tennant (NYSE:TNC) SVP Sells $40,004.36 in Stock
Tennant (NYSE:TNC) SVP David W. Huml sold 506 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $79.06, for a total value of $40,004.36. Following the completion of the transaction, the senior vice president now directly owns 12,879 shares in the […]
India close in to 300-medal mark on penultimate day, set to top South Asian Games tally for 13th time on trot
More sports News: India clinched 42 medals, including 27 gold, on the penultimate day of competitions to inch closer to 300-mark as the country is poised to finish on t
Bad news for Trump — 60% of Americans say the surging stock market doesn’t affect them
Most Americans don’t seem to care that much about the stock market’s performance.
Chanda Kochhar Failed To Disclose Conflict Of Interest With Videocon, ICICI Tells Bombay HC; Court Asks RBI To File Reply
The Bombay High Court on Monday asked the Reserve Bank of India to file an affidavit-in-reply in former ICICI bank CEO and MD Chanda Kochhar's plea challenging ICICI's decision to terminate...
AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology
Talks of climate and environmental change have been escalating throughout the past couple of years. Countries all around the world are taking measures to
Goods moving between Britain and North will require checking - Coveney
British Prime Minister claimed over the weekend such checks would not be necessary
All eyes on Lagarde’s ECB debut this week
Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to scrutinize every word for hints of the bank's future direction at a time of stuttering eurozone growth.
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them
Most Americans don’t seem to care that much about the stock market’s performance.
Liberals move on tax cut for the middle-class in the Commons
Finance Minister Bill Morneau has tabled a motion in the House of Commons to move on the Liberal's promised tax cut for the middle class.
10 Stocks With Little or No Debt to Own for the Next 50 Years
Millennials looking for stocks to own for the next 50 years might want to consider these 10 companies from various sectors of the economy.
This Dividend-Paying Chip Stock Could Switch Up a Gear in 2020
Secular end-market growth should be a catalyst for chipmaker Analog Devices in the new year.
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Dear Readers,
Russia hands out passports to 125,000 residents of rebel-held east Ukraine
MOSCOW (Reuters) - Russia has issued passports to 125,000 residents of rebel-held eastern Ukraine, Russia’s interior minister said on Monday, deepening Moscow’s ties with the separatist region even as it begins talks with Kiev aimed at ending the conflict.
Equity inflows into mutual funds dip to 41-month low
Exit load triggers outflow, but analysts see investors flocking back
Senator outlines measures to reopen Nigerian borders
A former Chairman, Senate Committee on Police Affairs, Senator Abu Ibrahim, Monday listed measure Nigeria should take to reopen its closed ...
Bill for regulated recycling of ships passed by Parliament
MPs raise concerns over environmental impact, workers’ safety
3 Healthcare Stocks to Buy Before the End of 2019
The year-end success of the healthcare sector has led to several strong stocks to buy. Here are three of the best healthcare stocks to buy.
Goyal says tit for tat to countries discriminating with Indian cos
"Free and equal access" is the policy adopted by this government two years ago, he said at an event organised by EXIM Bank here
HC asks RBI to reply to Kochhar’s plea
Court hearing arguments on termination of services of ex-ICICI Bank MD & CEO
Rupee climbs
But so does debt It has been a rough ride for the PTI government in terms of the economic issues it has had to face. The slide of the rupee against the US dollar, record inflation, ri
Bisa Property and Morris Property Group have lodged applications for Stuart Flats redevelopment
Plans for close to 500 units on the former Stuart Flats public housing site in Griffith have been lodged with the ACT government's planning directorate.
South Asian Games: India close in to 300-medal mark, set to top for 13th time on trot
While both the Indian men's and women's kabaddi team clinched gold medals, boxers gave India the maximum medals on the penultimate day with six golds and one silver.
Can Debt Deal Save Chesapeake Energy Stock?
Seemingly out of nowhere, Chesapeake Energy stock received a lifeline with a debt financing deal. But should contrarians take the bait?
5 Restaurant Stocks Dominating Holiday Season Foot Traffic
Foot traffic is one of the best indicators of which fast-food restaurant stocks are best navigating the difficult environment.
'Thomas Cook crash almost ruined my marriage proposal'
First, the tour firm's failure risked a surprise marriage proposal, now Corryn Banham is trying to get her money back.
Fed’s repo action for year-end crunch point oversubscribed
The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, indicating that participants are still hungry for funding to take them into 2020.
The US has become one of the lowest-taxed countries in the world. Here are the 6 other nations with the smallest tax burdens.
The US tax burden slid to among the lowest for major global economies in 2018. It now sits above just Ireland, Chile, and Mexico, according ...
China Orders All Government Offices, Public Companies To Replace Foreign PCs, Software
Beijing retaliates for Huawei blockage
Huge Christmas boost as Affinity Credit Union pays out €398,000
GOOD NEWS FOR TIPPERARY MEMBERS
Hurun’s list: Mukesh Ambani may soon break into top 5
Riding the digital wave, Mukesh Ambani, the first Indian to break into the global top 10 rich list, would emerge as one of the five richest people in the world in the next two or three years. The Chai
East of England nuclear contracts top £650m as Hinkley C contractors turn their attention to Sizewell C
More than £650m worth of nuclear contracts have been awarded to East of England companies for a nuclear power plant project which is set to provide the template for Sizewell C, it has been revealed.
AMCON takes over oil firm over N29b debt, appoints manager
The Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt...
MamaMancini's Holdings, Inc.'s (MMMB) CEO Carl Wolf on Q3 2020 Results - Earnings Call Transcript
MamaMancini's Holdings, Inc. (OTCQB:MMMB) Q3 2020 Results Earnings Conference Call December 09, 2019, 08:30 AM ET Company Participants Greg Falesnik - IR, MZ North America Carl Wolf - Chairman, Chief
Hydropower industry awarded $20 million in EU funds
BRUSSELS (Reuters) - A consortium of 19 hydropower companies and organizations said it will receive European Union funding of 18 million euros ($20 million) to research the green energy form’s role, as the 28-member bloc seeks to become carbon neutral by 2050.
Walmart, Amazon to train MSMEs
E-com giants announce plans to help sector; brick-and-mortar traders peeved
New changes are coming to contactless payments that means your card could decline more often
The new rules could make Christmas shopping a lot more stressful
Concerned EU weighs response to Turkey-Libya border deal
Brussels (AP) —The European Union's top diplomat said Monday that some EU countries are concerned over Turkey's controversial maritime border agreement with Libya but that the bloc will continue studying the deal before deciding whether to take action.The maritime deal, endorsed by the Turkish parliament last week, has fueled tensions in Turkey’s long-running dispute with Greece, Cyprus and Egypt over oil and gas drilling rights in the eastern Mediterranean.The deal could give Turkey access to a contested economic zone across the eastern Mediterranean Sea and Greece has already expelled the Libyan ambassador over it.“It’s clear that it is problematic.
China hopes for US trade deal 'as soon as possible'
China and the United States are negotiating a so-called "phase one" deal aimed at de-escalating their prolonged trade dispute.
Paul Volcker, central banker, 1927-2019
Success at the Federal Reserve laid the groundwork for anti-inflation policies around the world
Over 100 million Nigerians earn less N700 daily – UK’s EFInA
The United Kingdom’s Enhancing Financial Innovation and Access (EFInA) has disclosed that over 100 million Nigerians earn less than N700 per day.
India set to be among top advertisement markets in 2019: GroupM and Zenith
The overall market size is expected to reach Rs 95,000 crore
CGST falls short of budget estimate by 40% in April-November
In 2018-19, the actual CGST collection stood at Rs 4,57,534 crore as against the provisional estimate of Rs 6,03,900 crore for the year
Will Your Online Orders Arrive Before Christmas? Find Out Here
We're barely two weeks from Christmas. Those of us looking to get goods delivered in time to put under the tree will need to act very fast. At this time of year, postal and delivery services are working at capacity which can lead to longer than expected delivery times. With that in mind, here are the delivery and...
Power sector privatisation, grand scheme to defraud Nigeria ― Lawan
The Nigerian Senate President, Ahmad Lawan stated that the privatization of the power sector was a grand scheme conceived with intention to defraud Nigeria.
Sports Illustrated owner Maven taps former publisher of New York magazine
New York magazine’s publisher Avi Zimak has been named to a top post at Maven, the tech and publishing company that is overseeing Sports Illustrated. Zimak, who also served as chief revenue officer
Corruption trial of Angolan ex-president's son begins
The son of former Angolan President Jose Eduardo dos Santos has appeared in court, at the start of his trial on corruption charges.
Jaguar Land Rover sales fall despite hopes for Chinese recovery
Jaguar Land Rover sales fell last month, despite the car maker seeing “green shoots” of a recovery in the all-important struggling Chinese market.
Daily Insider Ratings Round Up 12/6/19
Tables of the top insider purchases and sales filed with the SEC on 12/6/19, based on dollar value.Dollar values often do not equate with significance when it comes to insider trades.Proprietary Insid
Mutual Funds' asset base crosses Rs 27 lakh crore in November
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Falling Rail Traffic Makes Union Pacific A Sell
UNP warned Q4 rail traffic could fall by double digits. Revenue could decline slightly less.UNP expects its 2020 operating ratio to remain below 60%, which is stellar.Cost cutting may not fully protec
EU Approves State Aid to Develop Car Batteries Industry
The European Union has approved $3.5 billion in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
Be Wary of Ford’s High Dividend Yield
Be wary of the high Ford stock dividend yield. Ford still can't afford the dividend since its adjusted FCF is too low and not growing.
MASSIVE: WADA Bans Russia From All Major Sporting Events Including Olympics For 4 Years
The World Anti-Doping Agency has handed Russia a four-year ban from all major sporting events including upcoming Tokyo Olympics and 2022 FIFA Men's World Cup
Did Ford Make A Mistake Killing America's Focus?
The Ford Focus Active was going to be the last variant of the Focus available on the US market, but the Tru...
Insider Selling: Five9 Inc (NASDAQ:FIVN) CMO Sells 3,007 Shares of Stock
Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 3,007 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $67.33, for a total transaction of $202,461.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC […]
'Sellers Set Their Price, We Don't Interfere,' Amazon India Retorts to Deep Discounting Accusation
The assertions come at a time when the Confederation of All India Traders (CAIT) has approached the government for its intervention regarding the "deep" discounts offered by e-commerce majors like Amazon and Flipkart during festival sales.
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) Stock Price Up 0%
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) shares rose 0% on Monday . The stock traded as high as $88.11 and last traded at $88.11, approximately 16 shares traded hands during trading. A decline of 100% from the average daily volume of 4,722 shares. The stock had previously closed at $88.09. The firm’s 50 day […]
Fines levied by the FCA rocket more than 500 per cent
The value of fines issued by City watchdog the Financial Conduct Authority (FCA) this year has soared to £391.8m. Research [...]
With embattled airline, South Africa moves to save rail company
Years of corruption and mismanagement have put several state owned enterprises in serious financial crisis including power utility Eskom, whose financial problems have left it struggling to keep the l
Putin sits down for talks with Ukraine leader for first time
Russian President Vladimir Putin and Ukraine's president are meeting for the first time at a summit in Paris to find a way to end the five years of fighting in eastern Ukraine.
Liz Weston: How employers help workers save for rainy days
Everyone needs a rainy-day fund — your financial health depends on it. Your employer could help you build one.Many companies offer 401(k)s and other retirem
Turkey to establish logistics centers in African countries
Turkey is establishing logistics bases in African countries after seeing an exponential rise in trade in the last 16 years thanks to the country's Africa initiative
Ex-Fed Chair Volcker dies, tamed inflation with recession
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.He was 92.Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip of runaway inflation. Consumer prices skyrocketed 13% in 1979 and then by the same pace again in 1980.Working relentlessly to bring prices under control, Volcker raised the Fed’s benchmark interest rate from 11% to a record 20% by late 1980 to try to slow the economy’s growth and thereby shrink inflation.Those high interest rates made it so expensive for people and companies to borrow that the economy
Letter to BS: NEFT system a step closer to achieving financial inclusion
The facility to transfer money through NEFT transaction on a round-the-clock basis will benefit many customers
Forex Club Shutters FX Operations in Russia
Forex Club has stopped accepting services for Russian users in what has become a trend in 2019.
DOJ: Gov’t ready to run water supply if water concessionaires bail
Justice Secretary Menardo Guevarra assured the public on Monday that the government is ready to take over the water supply duties for Metro Manila in the event that the two water concessionaires Manila Water Co., Inc. and Maynilad Water Services decide to halt their services.
Top stocks to watch: YES Bank, Hero MotoCorp, ICICI Bank, Tata Motors and others
Shares of YES Bank will remain in focus after report suggested that the lender will reject an investment proposal of $1.2 billion from SPGP Holdings and Canada's Erwin Singh Braich
UK apprenticeship levy’s low take-up highlighted by survey
Two years after its launch, half of the companies covered by the scheme have yet to spend anything
Equity flows in MFs dip sharply, assets rise to a record in Nov.
With stock indices rising, investors opt for profit booking; gold ETFs see inflows
Tougher financial accountability rules come into force in UK
Asset managers, independent financial advisers and hedge fund managers are lable for bans or nines
EU and African banks sign $120 million climate action facility
The EIB and the TDB have signed a deal to fund sustainable energy projects over the next 15 years.
France's EDF to accelerate growth in renewable projects
PARIS (Reuters) - State-controlled utility EDF is targeting around 30% of the French solar power market by 2035 and aims to develop around 1 gigawatt (GW) of solar capacity per year from next year, the head of the company’s renewables business said on Monday.
As Onion Price Reaches Rs 200 Per kg, Centre Reduces Stock Limit For Retailers
For wholesalers, the stock limit remains 25 MT, while for retailers, is has further been reduced to 2 MT from the earlier 5 MT.
Why Canopy Growth Stock Just Popped 11%
Canopy just crowned a new king of cannabis.
Johnson Says He May Find a Way to ‘Lie in Front of Bulldozers’ to Oppose Heathrow's 3rd Runway
Campaigners oppose Heathrow's expansion because of its contribution to air pollution and global warming. There are also concerns over the possible demolition of homes as well as the overall cost to the public purse.
Bitcoin in wait-and-see mode as downward trend persists
With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout.
OZY Media sees "exponential growth" from MENA in entertainment, media
Mubasher: The global media pioneering company, OZY Media, said it will increase its focus on the entertainment and media industry across the MENA region.
After nod to Recycling of Ships Bill, India eyeing 60% global share: Govt
Terming the passing of the Bill as a giant step and a historical moment in the Indian maritime arena, Mandaviya said it will have far reaching effects on the ship recycling industry.
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Investing Insider is your one-stop shop for high-profile investor interviews, trade recommendations, and actionable analysis.
Opec production cuts compliance could push oil price to $70
The combination of strong production cut compliance from Opec and its allies and a US-China trade deal could push the price of Brent crude to $70 in 2020.
Tata Motors to add another 100 sales outlets for PVs
Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.
Kingdom calls on Japan to increase number of direct flights to Siem Reap, Phnom Penh
Cambodia is requesting Japan to increase the number of direct flights from Japanese cities and provinces to Phnom Penh and Siem Reap, so as to contribute to increasing cooperation and tourist numbers between the two countries.
Executives at state-run companies oppose privatisation of BPCL
Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations
Brokerages Set Great Portland Estates PLC (LON:GPOR) Price Target at GBX 724.09
Great Portland Estates PLC (LON:GPOR) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The […]
Stocks, gold gain as trade war spurs both hopes, concerns
NEW YORK (Reuters) - Global equity markets advanced on Monday as stocks on Wall Street held near record highs on hopes U.S.-Sino talks delay a U.S. tariff deadline this coming Sunday, while gold rose as investors hedged against a possible escalation in the trade war.
Paul Volcker, former Fed chairman, dies at 92
Paul Volcker, the former chairman of the Federal Reserve known for his battles against inflation in the late 1970s and early 1980s, has died. He was 92.
Environmental group in Singapore pushes for sustainable palm oil use
Environmental group in Singapore pushes for sustainable palm oil use
S&P 500, Nasdaq edge higher; tariff deadline in focus
NEW YORK, Dec 9 — The S&P 500 and Nasdaq indexes edged higher today, with investors keeping a close watch on headlines around US-China trade as planned tariffs on Chinese imports kick in on December 15. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating...
Go-Ahead Group plc (LON:GOG) Receives Average Rating of “Hold” from Analysts
Go-Ahead Group plc (LON:GOG) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 […]
Bharat Bond ETF to open this week: check date, investment, return, other details
The Bharat Bond ETF will have a base size of Rs 7,000 crore, with a green shoe option of additional Rs 8,000 crore. Retail investors can invest with the minimum investment amount of Rs 1,000 and in multiples of Rs 1,000 thereafter
Huobi US Closes Doors After Weak Demand
The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after
Siptu and Unite members in Virgin Media vote to take industrial action
Virgin Media said it has not received any notification from the unions.
Minister Senzo Mchunu announces massive cuts to ministers' perks, expenditure | IOL News
Public service and administration minister Senzo Mchunu announced wide amendments to the ministerial handbook.
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them, Business Insider - Business Insider Singapore
Business Insider - Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.. Read more at businessinsider.sg
McLaren evaluating India entry
British supercar maker McLaren is looking to expand to our market in the coming years. Click here for all the details.
'Middle-class' carriages: Rail passengers offered 'premium economy' fares
Three classes of travel will be introduced to Britain's railways for the first time in 60 years, the chief executive of the new West Coast mainline has announced.
Petrol price hits Rs 75 per litre mark, diesel crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre.
Zacks: CNS Pharmaceuticals Inc (NASDAQ:CNSP) Receives Average Rating of “Strong Buy” from Brokerages
Shares of CNS Pharmaceuticals Inc (NASDAQ:CNSP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Zacks has also assigned CNS Pharmaceuticals an industry rank of […]
Wattpad to open second headquarters in Halifax in early 2020
The storytelling platform said Monday that starting early next year it will have a team based out the 60,000-square-foot Volta innovation hub in the city's downtown core to better integrate with the local tech community.
Universal Insurance mulls new capital raising to boost capital base
Universal Insurance Plc is considering raising new equity funds to bolster its operations and strengthen its capital base ahead of deadline for ...
Take Five: Euphoria to despair and back again
(Reuters) - 1/ELECTION NIGHT FEVER
Tesco shares jump on possible sale of Asian business
Share price soars as grocery chain announces review of its Asian operations
Ethereum Developers Are Creating a Revolutionary Open Financial System: Report
To combat failing fiscal policies, currency manipulation and a shadow banking system that continues to feed fee-grabbing financial intermediaries, Ethereum developers are building tools that reimagine how money flows and how financial services are provided.
VA Tech Wabag, Ion Exchange rally over 15% after NGT grim report on water pollution
Va Tech Wabag is a multinational player in the water treatment industry.
UP Cabinet approves Zurich Airport International as developer for Jewar airport
The Swiss firm had on November 29 emerged as the highest bidder to develop the Jewar airport on the outskirts of Delhi
Lynas says investing in new plant to extract low-level radiation before shipping ore here
KUALA LUMPUR, Dec 9 — Lynas Corporation Ltd said today it will open a new cracking and leaching plant in Kalgoorlie, Western Australia to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment. The Australia-based rare earth miner said it has signed an option...
The next booster shot to revive economy may not be far away
Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.
First Trust New Opportunities MLP & Energy Fund: Our Top Pick Among MLP CEFs
FPL has presented a strong performance in 2019 despite continued weakness in MLPs and the midstream energy industry.We think the fund has value considering current discount to NAV and potential rebou
IDEG Launches 2 Bitcoin Trusts in Asia
Digital asset management firm IDEG Investment on Sunday announced the launch of two crypto trusts - Asia Bitcoin Trust I and Atlas Mining Trust I.
What’s driving capital market developments in South Africa and Namibia? - CityAM
South Africa - the second-largest economy in Africa after Nigeria - has considerably higher GDP than its sub-Saharan neighbours.
Loan defaults mainly due to salary delays, biz downturns, says survey
The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low
Najib Says He’s Right to Buy $131,000 Gift for Wife: 1MDB Update
(Bloomberg) -- Najib Razak said he has the right to buy birthday presents for his wife and gifts for a former leader of Qatar using funds that prosecutors allege was siphoned from a former unit of 1MDB.Malaysia’s former prime minister testified in court that he spent 763,500 euros ($845,000) at jeweler
Age of the rental: SOC as a service, IaaS, DaaS, HaaS
Challenging economic forecasts and complex local and global political outlooks has companies focused on sustainability, says Patrick Reeves, managing executive at Axiz.
India Ends Disappointing Year in Crypto, Will 2020 Be Better?
Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it ...
Auckland bus disruption: What you need to know
Thousands of bus commuters in Auckland have their ride to work and school disrupted this morning as the stalemate between bus drivers and their employer continues.
Meet the "Blue Magpie": Taiwan's New Domestically-Made Fighter?
Here's what we know.
Climate change policies are going to be costly, says U.N.-backed report
Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report. Rules aimed at lowering carbon emissions are expected to accelerate in the coming years as countries scramble to meet obligations under the 2015 Paris climate agreement limiting global warming. "As the realities of climate change catch up, social pressure mounts, and low car
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
SEOUL (Reuters) - A South Korean court on Monday jailed three executives of Samsung Electronics (005930.KS) for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud.
Australia's climate plan earns no credit
If the federal government gets its way on tackling carbon emissions, this will send a very bad signal to other countries that are already trying to twist the rules.
CAPA's World Aviation Outlook Summit heads to London Stansted in 2020
CAPA – Centre for Aviation (CAPA) announced London Stansted Airport as the host of the CAPA World Aviation Outlook Summit in 2020 during this year’s Summit proceedings in Malta. To be held on 2-3 Decεμβερ 2020, the Summit will welcome over 200 aviation executives to analyse the industry’s performance over the year, discuss the current state of play and forecast the outlook of the aviation market. Covering all regions - Europe, Asia, Middle East, Americas and beyond - expert speakers will
YES Bank likely to reject $1.2 billion offer from Canada’s Braich
The offer from Braich and SPGP made up 60 per cent of the planned capital raising.
Oil prices stumble on weak China exports hangover
Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers ...
Singapore to arrest sanctioned Russian ship over unpaid parking debts
Singapore to arrest sanctioned Russian ship over unpaid parking debts
Kenney aims for clear signs of federal action on two-day Ottawa trip
Alberta Premier Jason Kenney set out a dire picture of the economic and social impact of federal policy on Alberta Monday as he embarked on a two-day political trade mission in the capital.
Bafana star Zungu almost loses his house – report
Bongani Zungu reportedly almost lost his house after he failed to pay the monthly instalment for 12 months.
At $1.6 trillion a day, EM FX trading outpaces major peers
Currency trading grew at a faster pace in emerging markets than developed nations.
SAS to open direct route to Haneda
Scandinavian Airlines System (SAS) announced a direct route to Tokyo Haneda International Airport from Copenhagen Kastrup. The route gives travelers better access to downtown Tokyo and with All Nippon Airways (ANA), a fellow Star Alliance member, the route will increase connectivity to 30 domestic destinations in Japan. The direct Copenhagen-Haneda route will be served by SAS’ new Airbus A350 aircraft. As the most environmental-friendly airplane on the market, the A350 will reduce emissions by 30 percent compared to earlier generations of similar
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report.
European companies minimise risks from US-China trade war
European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday.
Trans Adriatic Pipeline nearly completed, will be operational in October 2020, says official
Over 90% of the Trans Adriatic Pipeline (TAP), the European leg of the Southern Gas Corridor (SGC), is completed and will start delivering Azerbaijani gas...
At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double
In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
South Korea's government plans to tax capital gains returns on cryptocurrency transactions.
Freddie Ljungberg: Arsenal boss insists club can finish in top four despite poor form
Freddie Ljungberg, Arsenal interim manager, has exuded confidence the side can still make top four despite a poor run of results in recent weeks.
Lower Hutt street cleaners receive the living wage
9 December 2019
Caroline Kennedy christens new aircraft carrier USS John F. Kennedy
JFK's daughter christened the new US Navy aircraft carrier, the USS John F. Kennedy, at a ceremony on Dec 7.
Indonesia’s export ban can boost nickel exports from the Philippines to China, says GlobalData
Nickel is mined from many sources around the world and is presently used for stainless steel, nonferrous alloys, electroplating, alloy...Read More...
Breaking: Over 100m Nigerians earn less than N700 per day — EFInA
A survey report by EFInA has shown that over 100 million Nigerians earn less than N700 per day which limits them to save, make income or take risks on...
Barcelona met club last week, asked about 2 players – Plan to have ‘preferential option’ on one
‘Operation Milan’ is splashed on the front page of Sport after Barcelona technical secretary Eric Abidal and his assistant Ramon Planes met Inter Milan officials on Friday. The Nerazzurri want to strengthen midfield in January and their top targets are Ivan Rakitić and Arturo Vidal. Both their contracts expire in 2021 and the La Liga
Antony Catalano, Bruce Gordon reject Seven West Media's takeover bid for Prime Media
Australian Community Media executive chairman and Prime Media shareholder Antony Catalano has confirmed he will vote against Seven West Media's proposal to sw...
Satoshi Nakaboto: ‘Ermahgerd, there’s a Bitcoin node in the International Space Station now’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
QCB set to announce FinTech strategy
Qatar Central Bank (QCB) Governor H E Sheikh Abdulla bin Saoud Al Thani said yesterday that the central bank is working on the banking industry’s financial technology (FinTech) strategy, in cooperation with leading financial institutions and financial technology companies. The strategy, where the central bank would contribute to creating a modern regulatory environment that supports innovation and market stability, will be announced soon, he said.
Financial sector clean-up: Government of Ghana waiting on Parliament's approval for GH¢15.6billion bailout
The government of Ghana says it is on course to secure Parliamentary approval for GH¢15.6 billion bailout for the financial sector clean-up.
The 2019 CPhI Pharma Index Report
Examining this year’s industry performance
Big European firms ‘dodging China-US tariffs by shifting supply chains’
European companies are ‘settling in’ to the trade war, Chamber president says
GBP/USD eases from 8-month tops, still comfortable above mid-1.3100s
The GBP/USD pair spiked to fresh eight-month tops during the early part of Monday's trading session, albeit quickly retreated around 20 pips thereafte
Who is Henry Gabay, Derby County's potential new investor?
The London-based businessman is in advanced talks with the Rams about an investment partnership with current club owner Mel Morris
Kenya’s President Uhuru Kenyatta comes up with 6 areas Africa and Caribbean countries need to join hands and put their money in
President Uhuru Kenyatta has outlined six key focus areas that need revamping in order to jump start industrial transformation of the African, Caribbean and Pacific (ACP) member countries.
ASSA ABLOY AB/S (OTCMKTS:ASAZY) Receives Average Recommendation of “Hold” from Brokerages
ASSA ABLOY AB/S (OTCMKTS:ASAZY) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target […]
Wind warnings still in place from Storm Atiyah
Weather warnings remain in place for south-west and north-east regions owing to strong winds from Storm Atiyah. And more strong gusts are forecast from a second storm expected to hit the country on Tuesday. The Met Office has forecast England and Scotland will be “windy across all areas” with severe gales possible in the northwest, with wind gusts potentially reaching 100mph. The south-west of England and Wales were buffered overnight by gales of up to 70mph after the storm swept in from Ireland, where it disrupted transport and power networks.
Quake hits Florence area, trains temporarily suspended
ROME (Reuters) - An earthquake struck north of Florence on Monday morning, sending people fleeing from their homes, damaging some buildings and causing cancellations or severe delays to trains across Italy.
Airbus stock outperforms Boeing as 737 uncertainty continues
Some expect Airbus’s shares to continue to benefit from the confusion in 2020.
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud. Prosecutors began investigating the suspected fraud at Samsung Biologics
Don’t let unwise December spending result in ‘Januworry’
Legodi cautioned against the services of loan sharks in January
'India took only five years to move from USD 2 to USD 3 trillion economy'
"It took us nearly 60 years after independence to achieve USD 1 trillion mark. It took 12 years to achieve our second trillion (dollar economy). And it has taken only five years, 2014 to 2019, to achieve the third trillion economy," Indian Ambassador to the US, Harsh Vardhan Shringla, said in his address to the Indian-American community.
South Korea Financial Markets
Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another U.S. tariff hike
IIT-Madras placements: 184 firms offer 831 jobs
The top recruiters during 2019-20 include Micron Technology India Operations with 31 offers ; Intel (20); Microsoft India (19) and Tata Consultancy Services (16).
Nigeria set to open extractive industry ownership register -- Here's how it will work
This week, Nigeria will launch the Beneficial Ownership Register in the extractive industries in line with the global EITI standards.
Auto sector is in transition phase, no threat of job losses: Govt in RS
Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years
NERSA to hold Eskom RCA public hearings in Feb 2020
The National Energy Regulator of South Africa (NERSA) has announced the timelines to process Eskom’s RCA application for the 2018/19 financial year.
Asian stocks pulled higher by Wall Street jobs rally but China caution prevails
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were ...
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Subramanian said at the FICCI Young Leaders Summit
We’ve crunched the numbers – nationalisation would be a bargain
Our research shows nationalisation would pay for itself in seven years, says David Hall, visiting professor at the University of Greenwich
Shopping local is part of a vibrant community
Buying locally is an integral part of what it takes to have a healthy and vibrant community. By encouraging our consumers to do their holiday shopping in locally owned businesses it increases the measurable effect that every dollar spent in a local business has on local economies.
European stocks stutter as attention turns to trade deadline, central bank meetings
LONDON, Dec 9 — European stocks fell today as worries about a Chinese economic slowdown and the US-China trade war outweighed Friday’s strong US jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central...
PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. This will be carried out telecom firms and banks.
Exergy helps insurers overcome complexities surrounding Debicheck
Exergy automates the Debicheck mandate process for insurers who have already implemented it.
How bad leadership, corruption fuel poverty in Africa
More than 70 per cent of Africa’s estimated 1.2 billion people are said to be suffering from high unemployment, inequality and poverty.
IFA staging blockade outside Tesco distribution centre in Dublin
The latest blockade is part of the ongoing farmer campaign for an increase in beef prices.
How China Mobile Sustains A 5% Dividend Yield, In 5 Charts
China Mobile is the largest mobile phone operator in the world, again trading at a 5% dividend yield backed by steady free cash flows.Compared with both domestic and US telecom counterparts, China Mob
A less than satisfactory trade agreement
This trade deal, inadequate is it is, may be all that is possible during the first term of a Trump administration.
Progress towards liberalized and harmonized regulatory frameworks key to unlocking full benefits of air connectivity
Montreal and Aqaba, Jordan, 6 December 2019 - At the Twelfth ICAO Air Services Negotiation Event taking place in Aqaba, Jordan this week, ICAO Council President Dr. Olumuyiwa Benard Aliu encouraged progress towards liberalized and harmonized regulatory frameworks for air transport, and highlighted the importance of air connectivity for sustainable development, particularly for the Middle East. “Besides the fact that air connectivity generates over 2.4 million jobs in this Region, and $130 billion dollars in Middle East Gross Domestic Product (GDP),
France braces for further travel chaos as pension strike continues
Only a fifth of high-speed trains and cross-country services are expected to run in France on Monday as strikes over President Emmanuel Macron's pension reform continue.
10 Highest Paid Engineering Majors in the U.S.
Engineering could be the right major for you. But which discipline should you choose if you're really keen for a high starting salary?
The decaying HDB lease, myth or reality?
The decaying HDB lease, myth or reality?
Costco talk continues Tuesday with Lake Stevens City Council
Last time, there was no vote on the proposed wholesale store. Now the council has another chance.
Anthill Ventures, Rana Daggubati launch scale up platform for startups
The startups might receive investments to the tune of $1,00,000 upfront and up to $1 m upon programme completion
28-year-old atop one of world's oldest fortunes faces backlash
Hugh Grosvenor, the seventh Duke of Westminster, is the U.K.’s third-richest person and considered by some its most eligible bachelor.
Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit
The fund-raising comes at a time when the company plans to penetrate cities and scale up investments and become a key player in the industry
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
Virtua Partners and Hotel Equities give Houston hotel a fresh look
HOUSTON - Virtua Partners, the Scottsdale, Arizona-based private equity firm, announced the grand reopening of its now 190-room Springhill Suites by Marriott hotel in Houston. The property, managed by Hotel Equities, a leading hotel management firm, features a newly designed interior with spacious suites. This hotel is one of five properties operated through Virtua Partners’ and Hotel Equities’ strategic partnership. “This project shows how working with the right partner, like Virtua enhances the overall execution,” says Joe Reardon, Hotel Equities Chief
EUR/USD keeps highs as Eurozone Dec Sentix Investor Confidence beats estimates with +0.7
Investor confidence in the Eurozone improved sharply in December amid looming US-China trade tensions and German recession, the latest data published
Oman vs Dubai: How does the cost of living compare?
Oman and Dubai may offer very different experiences
MPs in RS demand hike in tea workers' wages, universal maternity benefits
Demanding the government protect goldsmiths, BJP leader Kailash Soni said traders of gold and silver are in distress due to "police harassment".
UP cabinet okays Zurich Airport International plan to develop Jewar airport
The new airport will be designed, developed and operated under a 40-year concession period and the Swiss firm will invest more than Rs 4,500 crore in it
Myaree customers safe from wheel clamp threat after company's contract pulled
Customers and patrons parking outside a group of shops in Myaree won't have their wheels clamped, according to a local property and business owner.