Economy 930
Norton Motorcycles faces financial trouble
Last-minute attempts to save the Norton appear to have failed as the brand has failed to secure the backing it needs to continue trading. Click for more.
Rand marks time as China virus, power cuts weigh
Investors clutch at hopes that China can contain the spread of the coronavirus.
Sasol expects earnings to collapse 69%
Oil price, softer global margins and Lake Charles project weighs on first-half earnings
Pakistan may be the next big Asian market for tech startups: report
A McKinsey & Co's report cited by DW listed Pakistan amongst the fastest-growing economies
FBI Probes Use of Israeli Cyberattack Firm NSO's Spyware Against Americans
Investigators aim to show how involved the company has been in specific hacks, some allegedly targeting U.S. or foreign government officials, sources say
Narrabri farmers feel 'sold out' by federal-NSW energy deal that boosts gas supply
NSW environment minister insists government will not ‘cut corners’ in assessing Santos’s controversial coal-seam gas project at Narrabri
Pvt sector to get 70% of upcoming space projects worth up to $1.6 bn: Isro
In the last 25 years, the space agency has launched more than 50 PSLV rockets, and wants to launch another 50 in the next five years
Crisil upgrades Jindal Steel's NCD ratings to positive on restart of plant
Upgrade reflects improvement in JSPL's business risk profile over medium term
Vedanta implements resolution plan to bag Ferro Alloys via NCLT route
Company's foray into ferro alloy business to strengthen its steel business portfolio
Economic Survey highlights: FY20 fiscal deficit target may need relaxation
GDP growth pegged at 6-6.5 per cent in financial year starting April 1, up from 5 per cent in current fisca
Economic Survey calls for $1.4 trillion infra spending during FY2020-2025
Investment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Survey
SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip
During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%
Marico slips 6%, hits 52-week low on disappointing December quarter results
In Q3FY20, consolidated revenue from operations declined 2 per cent YoY at Rs 1,824 crore.
Key takeaways from Economic Survey 2020
Finance Minister Nirmala Sitharaman on Friday tabled economic survey projecting the country’s economic growth at 6-6.5% for the next fiscal year starting April 1.
Beyond Brexit: Fishing, farming and science set for biggest shake-up in 70 years
It was hard to find a more pro-remain sector of the UK economy than Britain's scientific research sector. Science is, and always has been an international enterprise dependent on the free movement of people and just as importantly research funds. And most of the money, and people, come from the EU. The government's announcement this week for a fast-track visa system for "top talent" in research has allayed some of the scientists' fears.
Major developments for Cullompton and Tiverton go to consultation
Plans for 500 homes and Cullompton regeneration go to the public
Barnstaple based business take Business Innovation of the Year gong
SEA, the Barnstaple-based defence and security electronic system specialist has won a national award
Progress in state on potato value chain should be replicated: PepsiCo Asia head
“How can industry and farmers win together? We follow contract farming or collaborative farming, where we put farmers at the centre,” he said.
Amazon’s latest milestone: 150 million Prime members
Amazon said part of the reason for the jump in Prime members is its promise to deliver more of its goods in one day instead of the two.
Public sector bank services hit as employees union go on 2-day strike
Bank strike: Services like cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement of public sector banks are affected.
Bank Negara says sentiments in global financial markets positive in Dec
KUALA LUMPUR, Jan 31 — Sentiments in the global financial markets in December were positive amid prospects of easing global trade tensions, said Bank Negara Malaysia (BNM) today. The central bank said investor’s risk appetite improved following the announcement and subsequent signing of a phase...
Tokyo stocks close higher after WHO virus ruling
TOKYO, Jan 31 — Tokyo stocks closed higher today after the World Health Organisation declared the new coronavirus an international emergency but held off on recommending restrictions on the movement of people. The benchmark Nikkei 225 index gained 0.99 per cent, or 227.43 points, to end at...
Coronavirus: Amazon, Microsoft Employ Thousands of China-Born Employees
The huge population of China-born professionals in the United State is prompting many companies to ask them not to travel to China.
Amazon blows past a $1 trillion valuation after topping analysts' earnings expectations (AMZN)
Amazon shares soared as much as 11% in early Friday trading, driving the company's market valuation above $1 trillion for the first time since J...
Years of red ink before Sargon's downfall
The holding company of high-powered fintech superannuation group Sargon Capital lost nearly $25 in the two years before it tumbled into receivership, and it is yet to file accounts for last financial year.
Lottery Commission gives new guidelines to operators
ABUJA---THE National Lottery Regulatory Commission (NLRC), in furtherance of its efforts to strengthen its regulatory functions in the sect
Critical infrastructure: Enugu govt approves over N2.5bn
Governor Ifeanyi Ugwuanyi of Enugu State has approved the execution of development projects worth over N2.5 billion.
Carnoustie residents demand renewables giant moves controversial cable landing site
Carnoustie community leaders have moved to protect local tourism from “huge disruption” caused by controversial plans to bury an electricity cable next to their world-famous golf course.
Binn chiefs quizzed over £70m Glenfarg incinerator project
Binn Group bosses held talks with local residents yesterday to share details of their plans for a £70 million incinerator at Glenfarg EcoPark.
EUR/USD: Extra gains seen above 1.1088 – Commerzbank
Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted the pair faces a tough hurdle in the vicinity of 1.1090. Key Quotes “EUR
EUR/USD comes under pressure below 1.1030 ahead of data
After moving to the 1.1030/35 band, or daily highs, EUR/USD appears to have met some sellers and is now giving away part of those earlier gains. EUR/U
Ireland's Varadkar: Don't see how to separate fisheries from Brexit trade deal
Don't see how to separate fisheries from Brexit trade deal, the Irish PM Leo Varadkar reacted to the UK Cabinet minister Michael Gove's comments. It i
When are the Eurozone Preliminary CPIs/ GDP and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation and growth figures for January and Q4 respectively at 1000 GMT today. The headline CPI
GBP/USD keeps the mixed outlook unaltered – UOB
Cable is expected to extend the broader consolidative mood amidst the prevailing mixed outlook, suggested FX Strategists at UOB Group. Key Quotes 24-h
NZD/USD Price Analysis: Slides to near 2-month lows, farther below 0.6500 level
The NZD/USD pair added to its recent losses and remained depressed for the sixth consecutive session on Friday, falling to near two-month lows during
Release contaminated Fukushima water into sea: Japan panel
Radioactive water from the stricken nuclear plant in Fukushima should be released into the ocean or vaporised into the air, an expert panel advised the Japanese government on Friday.
Ginni Rometty, 1st female CEO at IBM, to step down in April
Ginni Rometty, the first female CEO in IBM's century-long history, is leaving the helm in April.
Major Overhaul In External Affairs Ministry: New Verticals On Trade, Technology & Economy, Strategic Projects To Get More Attention
This is the first major overhaul in the ministry in nearly five decades.
Assemble in India for world can raise export market by 6 per cent by 2030: Economic Survey
India must focus on a group of industries, referred to as “network products”, where production processes are globally fragmented and controlled by leading multi-national enterprises (MNEs) within thei
Nifty call: Go long on strong rally above 12,050 levels with fixed stop-loss
Nifty 50 February futures (12,025)Following a positive start, the Sensex and Nifty began to decline due to selling interest at higher levels. The Asian markets are displaying mixed cues; the Nikkei 22
Two loan products launched by Indian Bank
Indian Bank on Thursday announced the launch of two products - Surya Shakthi, for roof top solar set up for captive consumption and Corporate Loan, a finance product in aid of units under stress for w
SBI records 41 per cent jump in Q3 net profit at Rs 5,583 crore
The bank says this is the highest ever quarterly net profit recorded by it
Economic Survey sets the tone for Budget 2020
The Survey's theme is 'Wealth Creation'
US SEC Commissioner defends proposal on shareholder voting rules
A top official at the U.S. Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid "misconception" ...
Asia shares try to rally after gut-wrenching week
Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, ...
Shares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as ...
TCG BDC: The Case Of The Unattractive High Yield
Sporting a high dividend yield of 12.40%, TCG BDC stock may be on many investors’ watch list.The company regularly pays dividends and repurchases shares every quarter, but funds for these activities a
GDP Prints At 2.1%, But Strong Export Data Is Anomalous; Likely To Be Revised Downward
Most of the 2.1% print came from Net Exports (NEX), but the lead of that was a technical increase from IMPORTS (which normally REDUCE GDP) .NEX is the component of GDP that, historically, is most revi
The French fishermen who could sink Britain's post-Brexit ambitions
BOULOGNE-SUR-MER, France (Reuters) - For the British government, a successful Brexit means re-asserting economic sovereignty and landing a trade deal with Europe. Trawler captain Stephane Fait and his fellow French fisherman could sink that plan.
Wipro CEO Abidali Neemuchwala decides to step down
Neemuchwala has served as the CEO and MD of Wipro since February 2016. Prior to that, he was the CEO of the BPO division of Tata Consultancy Services Limited
Financial watchdog to investigate M&C Saatchi accounting scandal
The Financial Conduct Authority has launched an inquiry into the £11.6m accounting error revealed in December.
GDP edges up 0.1 per cent
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Stock markets fall
Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial, energy and industrial sectors moved lower.
SSE on course despite slight lag in renewables
Energy giant SSE marked its first quarter out of the household energy sector by saying that it is on course to deliver on its earnings target for the year.
IBM CEO Ginni Rometty retires
The company’s chairman, president and chief executive officer will be replaced by Arvind Krishna.
GoDaddy buys local social content start-up
The world’s biggest Web host by market share purchases Cape Town-based Over, a social content start-up company.
ONGC’s gas pipeline in A.P’s KG Basin leaks, no damage reported
Villagers spot it on Friday morning and alert officials; ONGC team rushes and cuts off supply
Economic Survey pegs GDP growth at 6-6.5% in next fiscal
Government must use its strong mandate to deliver expeditiously on reforms, it says
What could derail the long-awaited property market recovery?
PROPERTY experts are hopeful 2020 will be the year the Perth market returns to growth.
Release contaminated Fukushima water into sea: Japan panel
Radioactive water from the stricken nuclear plant in Fukushima should be released into the ocean or vaporised into the air, an expert panel advised the Japanese government on Friday. The TEPCO-operated nuclear plant suffered a meltdown in 2011 after it was hit by an earthquake-triggered tsunami. The
Union Budget 2020: Govt Tables Economic Survey, Pegs Growth Rate at 6-6.5% For FY 2020-21
The growth rate for the current financial year, ending March 31, was 5%, the Economic Survey, prepared by Chief Economic Adviser (CEA) Arvind Subramanian said. The Survey added that the rate of inflation declined from 3.2% in April 2019 to 2.6% in December 2019.
What If the Coronavirus and China's Quarantines Caused a Global Recession?
That would be bad.
Western Digital BiCS5 3D NAND Technology
Western Digital announced that that it has successfully developed its fifth-generation 3D NAND technology, BiCS5, continuing the company's leadership in delivering the industry's most advanced flash...
CFPB Sues Citizens Bank For Violating Truth In Lending Act
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Citizens Bank over alleged violations of the Truth In Lending Act (TILA).
SBI Q3 results: Profit jumps 41% to Rs 5,583 crore; asset quality shows big improvement
Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year.
Rishad Premji writes to employees, lauds Abidali Neemuchwala’s contributions
Wipro announced this morning that its CEO and MD Neemuchwala has resigned due to family commitments and he would stay on until a successor was appointed.
Big share sale target in FY21? AI, BPCL, CCRI plus some more
Dalal Street analysts expect disinvestment proceeds to touch Rs 50,000 crore in FY20.
Govt spend on social services up by 1.5% in six years: Eco Survey
According to the Survey, as a proportion of gross domestic product (GDP), the expenditure on social services has registered an increase of 1.5 percentage points during the period 2014-15 to 2019-20 from 6.2% to 7.7%, it said.
60 lakh informal workers, small traders enrolled under new pension schemes: President
Last year, the government launched Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) and Pradhan Mantri Laghu Vyapari Maan-dhan Yojana (PM-LVM) for providing assured minimum pension of Rs 3,000 per month.
Buy local products for 'better tomorrow'; efforts on to make India $5 tn economy: Prez Kovind
President Ram Nath Kovind on Friday exhorted people to use locally manufactured products for a "better tomorrow" as he reiterated the government's commitment to make India a USD 5 trillion economy.
Economic Survey suggests widening scope of Make in India to create 4 crore jobs by 2025
This can be done by integrating “assemble in India for the world” into Make in India.
Households saved Rs 11K per year due to increasing affordability of thalis: Survey
Eco Survey finds that cost of vegetarian thali reduced significantly since 2015-16 though the price rose in 2019.
Economic Survey 2020 has a clear message for Nirmala Sitharaman
Growth in the current fiscal year would come in at 5 per cent, as per Economic Survey.
Eco Survey: Thalinomics in times of rising prices: Veg, non-veg thalis more affordable
Using the annual earnings of an average industrial worker, it is found that affordability of vegetarian thalis improved 29 per cent from 2006-07 to 2019-20 while that for non-vegetarian thalis improved by 18 per cent.
How to Buy Bitcoin 2020: Complete Guide to The Best Options
Our Ultimate Guide to buying Bitcoin in 2020 - Fresh update with all the best options to purchase with Debit, Credit Card & Bank Transfer
SK hynix’s 2019 operating profit plunges 87%
South Korean chipmaker SK hynix’s operating profit in 2019 plummeted 87 percent to 2.7 trillion won ($2.2 billion), amid the continued fall in memory chip prices and lower demand, according to its earnings report released Friday. The world’s second-biggest memory provider raised 26.9 trillion won in annual sales last year, a 33.3 percent plunge from 2018. The net profit nosedived 87 percent to 2.02 tril...
Posco’s operating profit down 30% in 2019 amid industry downturn
South Korean steel giant Posco said Friday its operating profit dropped 30.2 percent in 2019 from the previous year, amid the overall industry downturn and protectionism by major trading partners. The steelmaker said its revenue stood at 64.3 trillion won ($53.9 billion), down 0.9 percent on-year. The operating profit posted at 3.86 trillion won, while net profit was 1.98 trillion won last year. The operating margin...
Ginni Rometty to step down as IBM chief executive
Tech giant has struggled to grow as it moves into new fields like cloud computing and artificial intelligence
Link to buy Pepper European Servicing unit for up to €200m
Pepper Ireland unit manages €18bn of assets, including 60,000 residential mortgages
Highlights of the day: TSMC, UMC maintain normal production in China despite outbreak, but IC design houses worried about business
Many Taiwan-based IT firms are feeling the heat from the coronavirus outbreak that is delaying their production from returning normal following Lunar New Year. But have revealed that their fabs in China have been running as usual. Despite the foundry houses' reassuring revelations, many Taiwanese ...
How to Sustain Your Pace and Performance at Work by Paying Attention to Your Burnout Cycle
How often you feel depleted reveals more than you might think.
11 Ways to Communicate So Employees Understand Their Benefits
Here's how to share useful information that engages employees
Wipro CEO and Managing Director Abidali Z Neemuchwala steps down
Neemuchwala cited ‘family commitments’ as the reason for his resignation.
Bitfinex Adds Tether Gold Margin Trading with 5x Leverage
Bitfinex, one of the top global crypto exchanges, has added margin trading support for bullion-backed stablecoin Tether Gold (XAU₮).
Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy
Union Budget 2020:
Travel trends echo Brexit separation
As the UK leaves the EU, a study by ForwardKeys, which analyses global aviation capacity, flight searches and over 17 million flight booking transactions a day, reveals that since the UK’s referendum decision on June 23rd 2016 to leave the EU, the growth in travel to the EU has slowed and growth in travel to other parts of the world has picked up. There has been a similar reciprocal trend in the opposite direction amongst travellers from the EU, where
US tourism & leisure industry sees a drop of 10.3% in deal activity in December 2019
The US tourism & leisure industry saw a drop of 10.3% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total of 35 deals worth $415.18m were announced in December 2019, compared to the 12-month average of 39 deals. M&A was the leading category in the month in terms of volume with 19 deals which accounted for 54.3% of all deals. In second place was venture financing with 11 deals, followed by
Millennium Hotels and Resorts partners with Johnson Controls
In line with the UAE Agenda 2030 for Sustainable Development, Millennium Hotels and Resorts and Johnson Controls announced a Technology Alliance to drive energy savings and operational cost reduction applying latest energy efficiency product technology and digitalization concepts. Kevork Deldelian, Chief Executive Officer of Millennium Hotels and Resorts MEA, said: “We are delighted to collaborate with Johnson Controls on sustainable energy solutions to reduce operational costs. The partnership will address Millennium’s entire asset portfolio of existing and new hotels including more
Munich-based SimScale closes €27 million to expand pioneering cloud-based 3D simulation software
German startup SimScale, one of world’s first production-ready cloud-based softwares for simulation, today announced that it has closed €27 million in Series C funding. Global venture capital and private equity firm Insight Partners led the round, with participation from existing investors: Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gründerfonds.
Work at state-owned banks affected as employee unions go on 3-day strike
Private sector lenders like ICICI Bank and HDFC Bank were working as usual.
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey
Benchmark indices Nifty50 and S&P BSE Sensex reached record highs during 2019-20 (up to January 16, 2020).
GDP growth neither over nor underestimated, data woes baseless: Eco Survey
The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
Coronavirus: Spurt in fertiliser import costs seen due to plant closure
Exporters not to worried for now, say concerns may kick in only if virus spread isn't controlled; leather sector stand to gain.
Notable turnaround in mineral production due to policy reforms: Survey
The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said
Barclays introduces video games tax relief loans
Developers able to claim 90% of their tax credit before it is fully processed
Huawei 5G role being capped in the UK will cost £500 million: British Telecom
BT (British Telecom) has stated that Britain’s decision to limit Huawei‘s involvement in building 5G infrastructure would have increased the cost of its gigabit-communications plan by about 500 million pounds over five years. British Telecom is the largest mobile broadband network provider and its Chief Executive, Philip Jansen, said he welcomed the use of vendors …
China's yuan finds its feet after vote of confidence by WHO on coronavirus
The World Health Organisation said late on Thursday that the coronavirus outbreak was a global emergency, but opposed travel ...
Asian investors eye low-cost housing - VietNamNet
JLL estimates that hundreds of millions of dollars from Japan, South Korea, Singapore and China are waiting to be funneled into Vietnam’s real estate market.
Govt plans to sell 15% take in HAL via offer for sale
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer.
Chakli on wheels to give Arya Vysyas a lift
The Karnataka Arya-Vysya Community Development Corporation has proposed a new self-employment scheme under which affordable loans of Rs 5-10 lakh will be given to members of the community wishing to start snacks-on-wheels business.
Arvind Krishna elected IBM CEO
Indian-origin technology executive Arvind Krishna has been elected Chief Executive Officer of American IT giant IBM after a "world-class succession process", succeeding Virginia Rometty, who described him as the “right CEO for the next era at IBM” and “well-positioned" to lead the company into the cloud and cognitive era.
PSU banks staff strike may affect branch, ATM services
However, private sector lenders like ICICI Bank and HDFC Bank would be operational.
Release contaminated Fukushima water into sea: Japan panel
Radioactive water from the stricken nuclear plant in Fukushima should be released into the ocean or vaporized into the air, an expert panel advised the Japanese government on Friday.
Myanmar earns US$310 M from fishery exports in 2020
Myanmar earned about US$310 million from fishery export from October 1 to January 17 in this fiscal year and it is more US$45 million compared with the amount of fishery export in the same period in the last fiscal year, according to figures from the Ministry of Commerce.
Myanmar generates about 3,200 megawatts of electricity now
Myanmar is generating about 3,200 megawatts of electricity at the present, according to figures from the Ministry of Electricity and Energy.
Economic Survey 2020 projects GDP growth at 6-6.5% in FY21
The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday.
Public Mutual declares distributions of more than RM64m for five funds
KUALA LUMPUR, Jan 31 — Public Mutual, a wholly-owned subsidiary of Public Bank, today declared distributions amounting to more than RM64 million for five funds for the financial year ended January 31, 2020. The gross distributions include 5.0 sen per unit for Public Money Market Fund, 4.25 sen...
Azmin to lead working visit to Japan to explore new economic cooperation
KUALA LUMPUR, Jan 31 — Economic Affairs Minister Datuk Seri Mohamed Azmin Ali will lead the Malaysian delegation of senior officials from his ministry for a six-day working visit to Japan from February 1-6. In a statement today, the Ministry of Economic Affairs (MEA) said the delegation will...
Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies
On the eve of the U.K.’s exit from the EU, French crypto hardware wallet firm Ledger has attempted to co-opt the notorious pro-Brexit “Take Back Control” mantra for crypto.
Here’s The List Of Top Ten Most Expensive Bank Accounts In Kenya
It will cost you at least Ksh17,750 per year to maintain the most expensive bank account in Kenya, a new study by Financial Sector Deepening (FSD) has found.The study found that Standard Chartered
A little-known trucking company surges nearly 58% after Volkswagen unit makes a surprise offer to buy (NAV)
US truck manufacturer Navistar's shares shot up in pre-market trading Friday, after a Volkswagen unit said Thursday it could buy the company in ...
Release contaminated Fukushima water into sea: Japan panel
Radioactive water from the stricken nuclear plant in Fukushima should be released into the ocean or vaporised into the air, an expert panel advised the Japanese government on Friday.
Senate probes NNPC over $396m spent on refineries’ maintenance
The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on..
Formal employment rises from 17.9% to 22.8% in 6 years: Economic Survey
Economic Survey: A rise in share of formal employment indicates that more people are getting regular jobs and being employed in the organised sector.
IBM chief Ginni Rometty to step down
Cloud business boss Arvind Krishna to succeed.
Crude Oil Futures: The negative view remains unchanged
Open interest increased by around 14.2K contracts on Thursday, reaching the second build in a row as per advanced readings from CME Group. In the same
GBP/USD looks supported by the 1.2929/08 band – Commerzbank
In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable looks supported by the 1.2929/08 region. Key Quotes “GBP/U
USD/CAD moves back closer to multi-week tops/200-DMA
The USD/CAD pair reversed an early dip to sub-1.3200 levels and moved back closer to seven-week tops set in the previous session. Having touched an in
USD/JPY stays under pressure and targets 108.40 – UOB
FX Strategists at UOB Group keep the negative view on USD/JPY and still see a potential move to 108.40 in the next weeks. Key Quotes 24-hour view: “Th
WTI pares back gains below $53 ahead of US drilling data
WTI (oil futures on NYMEX) reverses half the Thursday’s recovery rally and surrenders the $53 mark in European session this Friday. The black gold ext
CELLINK resolves directed share issue of SEK 377 million
The Board of Directors of CELLINK AB (publ) has, based on the authorization given by the Company’s Annual General Meeting that was held on 18 December 2019, resolved on a directed share issue of 3,890,000 new shares of series B (corresponding to approximately 10 per cent of the total number of outstanding shares in the Company) at a subscription price of SEK 97 per share (the “Share Issue”), which means that the Company receives SEK 377,330,000 before transaction costs.
Thousands on virus lockdown at China-backed plant in Indonesia
More than 40,000 workers at a vast Chinese-controlled industrial complex in Indonesia have been quarantined over fears about the spread of a deadly coronavirus strain which has killed more than 200 people in China, it said Friday.
Abidali Neemuchwala resigns as Wipro CEO, to hold position till successor is found
The company has not specified any time frame to find the successor.
Listed companies in Taiwan required to disclose info in English starting July
The move signals Taiwan’s bid to draw foreign investors, which hold a combined 40 percent stake in local equity market
Rewane outlines sectors to drive economy in 2020
Bismarck Rewane says Nigeria’s economic growth will be dependent on three sectors going into 2020.
China's factory activity falls in January as virus fears grow
China's manufacturing activity slipped in January, official data released Friday showed, as the country grapples with a new virus that has claimed more than 200 lives.
Amazon's latest milestone: 150 million Prime members
Amazon had another prime holiday season.
Finance Ministry Summons Infosys Asking Explanation For Its Inability To Resolve Technical Glitches Galore In GST System
Finance Ministry Summons Infosys Asking Explanation For Its Inability To Resolve Technical Glitches Galore In GSTN
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened., Business Insider - Business Insider Singapore
Business Insider - Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.. Read more at businessinsider.sg
Economic Survey: Time to scrap Essential Commodities Act?
‘Government intervention in agriculture market doing more harm than good’
Bharti Airtel removed from DGFT’s Denied Entry List
Telecom major submits
Nirmala Sitharaman’s bahi khata: More for aam adami?
The buzz is that she will be addressing the demand side of economy — giving consumers more money to spend without cutting back on government expenditure on social schemes
Drug Price Control Order led medicines to become costlier: Economic Survey
Survey urges government to opt for bulk procurement to provide affordable drugs
Raising funds for infrastructure will be "challenge": Economic Survey
States that well prepared projects might attract investors
Farm confidence rises but concern about compliance costs
Farm confidence rises but concern about compliance costs runs deep
Why Africa can no longer be ignored - AfDB - Premium Times Nigeria
The president of the African Development Bank (AfDB), Akinwunmi Adesina, has said that Africa can no longer be ignored because it has a huge market...
Worn Again Technologies Opens R&D Plant in England, With More to Come
Worn Again Technologies, a polymer recycling company, has launched a research and development facility in Redcar, England.
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Warren Buffett’s $US4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
Retirement Target Date Allocation Glide Path In-Depth View
Allocation between OWN, LOAN and RESERVE Super Classes will determine the bulk of your investment returns.Age or retirement target date Allocation Glide Path provides guide to OWN and LOAN allocation
Risky Time For A Valero Investment
VLO beat earnings estimates for 4Q19.But market conditions have since deteriorated.Product stocks are oversupplied and refinery margins have dropped.The virus in China is a headwind of unknown depth a
Mellanox More Than Biding Its Time Into The Nvidia Deal Close
Mellanox reported fourth-quarter results that were significantly better than expected, with healthy growth in both InfiniBand and Ethernet product lines.There has been no update on the Nvidia-Mellanox
GDP growth expected to rebound to 6-6.5 per cent in 2020-21: Economic Survey
The Economic Survey 2019-20 tabled in Parliament said there are tentative signs of bottoming out of slowdown in manufacturing activity and global trade, which will have a positive impact on growth in the next fiscal.
Bank employees across India participate in two-day nationwide strike
The employees have joined the strike as the early wage revision settlement has been due since November 1, 2017
Farm confidence rises but concern about compliance costs is deep - Federated Farmers
Farmers are feeling slightly more positive than they were six months ago but very few believe general economic conditions will improve in the year ahead, the Federated Farmers Mid-Season Farm Confidence Survey shows.
Brexit: Industry leaders give trade deal hopes and fears
LEADERS in Jersey’s fishing, farming and hospitality industries have outlined their hopes and fears as the UK prepares to leave the EU and negotiate a new trade deal by the end of this year.
Deficit at $11.8 billion
The federal government ran a deficit of $11.8 billion over seven months of its 2019-20 fiscal year compared with a deficit of $2.1 billion in the same period last year.
Western Digital Announces BiCS5 112-Layer 3D NAND Up To 1.33 Terabits Per Chip For Next Gen SSDs
Western Digital is one of the biggest names in storage, and today the company announced it has developed its 5th generation 3D NAND flash memory technology called BiCS5.
Which Are Electrical Engineering And Computer Science?
Both technology and computer engineering require a better comprehension of power electronic equipment. It is crucial to find out the fundamentals of computer and electrical engineering, especially
Profit jumps at Hargreaves Lansdown despite Woodford scandal
Profit before tax at investment platform Hargreaves Lansdown climbed 12 per cent in the first half of its financial year [...]
Aston Martin shares leap as Lawrence Stroll leads rescue deal
Shares in Aston Martin rose 20 per cent today as it was announced that Canadian billionaire Lawrence Stroll would take a 20 per cent stake in the carmaker.
Watchdog probes jump in sterling before Bank of England rate decision
City watchdog the Financial Conduct Authority has opened an investigation into the jump in the value of the pound shortly [...]
Why businesses need to consider loyalty programmes
Loyalty programmes facilitate the development of a relationship with each customer through multiple touch points in the organisation, says LoyaltyPlus.
Helping prepare medium business for 2020
Medium businesses don’t have the same resources as larger businesses to pursue new technology improvements, says Brad Pulford, GM – Channel & Distribution at Dell Technologies Africa.
United Business Solutions’ successful green printer offering
The remanufactured line is carefully handpicked from thousands of low-usage, off-lease and demo printers in Europe and around the world.
Thalinomics versus Dosanomics: a tale of two chief economic advisers
An average household that eats two vegetarian Thalis a day gained around ₹10,887 on average.The price of a vegetarian thali increased last year after falling ‘significantly’ for five years
'Samosas, not hamburgers': Anand Mahindra quips as Arvind Krishna named IBM CEO
Mahindra Group chairman was among the Twitter users who celebrated Arvind Krishna's appointment as IBM CEO.He called it as the stunning endorsement of the managerial capabilities
Economist who counted $40 billion cost from SARS predicts far bigger hit from new coronavirus
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak, which sapped the world's economy by $40 billion, according
The politics of construction: on violating building bylaws and land use rules
Why are brazen violations of building bylaws and land use rules still allowed, asks Nidhi Adlakha
Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand
India's aspiration to become a $5 trillion economy depends critically on strengthening the invisible hand of the market, it said. And this needs to be done with the hand of trust through government intervention by facilitating pro-business policies.
SBI profit jumps 41% to ₹6,797crore in Q3 on lower provisioning
Consolidated income rose to ₹95,384.28 crore in the third quarter from ₹84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
What these eight business leaders learned from their biggest failures
Issy Sharp, Jim Treliving and more on how flaming out made them better
Bitcoin Price Analysis: $10,000 In Sight, However Bearish Divergence Might Ruin The Bulls Party?
Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 - $9400. The beautiful
Sorry Bernie and AOC: 'Free' Healthcare Isn't Free
Everything is a trade-off. Is it worth it?
Thousands on virus lockdown at China-backed plant in Indonesia
More than 40,000 workers at a vast Chinese-controlled industrial complex in Indonesia have been quarantined over fears about the spread of a deadly coronavirus strain which has killed more than 200 people in China, it said Friday. PT Indonesia Morowali Industrial Park has sealed off its nickel mining
Economic Survey 2020: Why CEA Refers to Band Baaja Baaraat Movie
"Even our South Indian audience can relate to this. The same situation was there in Tamil movie Aaha Kalyanam," the CEA said
Sorry Bernie and AOC: 'Free' Healthcare Isn't Free
Everything is a trade-off. Is it worth it?
Flush With $4.5M Funding, Haus Launches Monthly Wine Subscriptions
Haus has secured $4.5 million in financing for its subscription-based aperitifs. Haus members can choose from three monthly subscriptions, costing $35 to $144.
Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
The Merchants Guide To Navigating Global Payments Regulations examines how financial and data regulations are changing across different markets like Singapore.
Top ASX stock picks for February 2020
We asked our Foolish writers to pick their favourite ASX shares to buy in February 2020. Here is what they came up with…
VN-Index plummets further amidst coronavirus crisis - VnExpress International
The benchmark VN-Index plunged 22.96 points, or 2.39 percent, to 936.62 Friday to reach its lowest level since February 11 last year.
India's GDP growth neither over- nor underestimated, says Economic Survey
Recently, Arvind Subramanian, the Narendra Modi government's former chief economic adviser, had said India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.
Push for micro-irrigation says Economic Survey
The Economic Survey say that through government schemes like the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) which was launched in 2015 the area under micro-irrigation was increasing.
Funding National Infra Pipeline would be a 'challenge': Economic Survey 2019-20
To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy, the survey said.
Indiabulls Real Estate to merge certain Embassy Property projects with self
Embassy is in discussions with financial investors such as The Blackstone Group Inc. and others to raise up to $200 million before the said merger. This equity investment of $200 million will bring significant cash in the merged entity for expanding its business operations.
More documents needed to open a restaurant than to buy a pistol, says Economic Survey 2019-20
36 approvals are required to open a restaurant in Bengaluru, Delhi requires 26, and Mumbai 22.
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
The Survey has recommended measures to safeguard farmers through procurement under Price Stabilization Fund to help regulate the price volatility of important agri-horticultural commodities and also added that MSP needs to be made more effective. For the current financial year so far, food and beverages emerged as the main contributor to retail inflation.
Economic Survey suggests cutting subsidy to increase fiscal legroom
Cutting the food subsidy can help provide more fiscal room, according to the Economic Survey.
ASEAN sustainable finance: A huge gap means a huge opportunity
While many investors, corporations and financial institutions have announced a commitment to achieving the SDGs, capital is not flowing at the required speed to those countries where SDG investment matters most.
Unilever sales growth stagnates amid sluggish household consumption
The Anglo-Dutch company booked a 2.7 percent year-on-year (yoy) growth in sales to Rp 42.9 trillion (US$3.15 billion) in 2019, the company said in a statement obtained by The Jakarta Post on Thursday.
China's factory activity falls in January as virus fears grow
Official figures released Friday showed that the Purchasing Managers' Index (PMI) for manufacturing, an early gauge of factory activity, came in at 50.0, down slightly from 50.2 in the month before. A reading above 50 indicates the sector is expanding while below 50 shows a contraction.
Facebook walks back digital currency project Libra
Libra, Facebook’s digital currency initiative, has been faltering since late last year as partners started backing out after regulators opposed the plan. In a post-earnings conference call this week, Facebook chief executive Mark Zuckerberg said work on the Libra initiative is being handled by the Libra Foundation, stressing the separation between the foundation and the social…
Hanjin heiress partners with KCGI, Bando for group's management control
The heiress of South Korean airline-focused conglomerate Hanjin Group, widely known for the "nut rage" incident in 2014, has joined hands with a local fund and a builder for the group's management control ahead of a shareholders meeting in March. In a joint statement with local activist fund Korea Corporate Governance Improvement (KCGI) and midsized builder Bando Engineering & Construction, Cho Hyun-ah,...
Ginni Rometty to Retire after 40 Years at IBM
With IBM CEO and President Ginni Rometty retiring, Big Blue looks set to have an influx of Red Hat blood, as Jim Whitehurst takes over as...
Volkswagen truck unit makes offer to buy Navistar in $2.9B deal
— Volkswagen AG’s Traton SE unit has offered to buy "the rest of" Navistar in a $2.9 billion bid, according to national media reports from Bloomberg and other outlets.
GAN expects earnings to beat market expectations
Gambling software company anticipates earnings of between £7m and £8m
Warren Buffett’s $4.6 million crypto lunch was eBay’s priciest purchase in 2019. It still hasn’t happened.
Warren Buffett’s $4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Telefonica creates new global digital consumer unit
Telefonica has announced the creation of a new global unit designed to make sales processes and customer relations “more digital, faster and simpler” as part of the action plan launched in November to generate more than EUR 2 billion a year in additional revenues from 2022 onwards. The new unit, dubbed Chief Digital Consumer Office (CDCO), will be led by Chema Alonso, until now responsible for the company’s data strategy and cognitive intelligence project. Telefonica said the unit will above all promote innovation in new digital products and services, with a special focus on the digital home, as well as innovation in networks and relations with the entrepreneurial and startup community.
Jeff Bezos added £10,000,000,000 to his fortune in just 15 minutes
The world's richest man just got richer.
BofA sees Eskom among risks to spoil brief SA rally
'Investors are getting impatient and are looking for opportunities elsewhere' – investment strategist.
Eskom warns SA to brace for more frequent power cuts
The country has been contending with an energy deficit since late 2005.
Google is trying to steal Amazon's protesting employees
The irony of the whole situation was that Google is also in the middle of a crackdown on labor activism
BOJ warns of cyber-attack vulnerability ahead of Olympic Games
The increasing threat of cyber-attacks has prodded the Bank of England
QFMA to further boost Qatari capital market: CEO
The Qatar Financial Markets Authority (QFMA) is working to further improve the performance of Qatar’s capital market, which has previously been ranked among top 10 financial markets in the world in various indicators related to measuring capital market performance.
Market LIVE: Sensex, Nifty subdued as Economic Survey throws fiscal, economic challenge for government
Around 3.15 PM, S&P BSE Sensex was trading 0.51 per cent or 209 points lower at 40,703.84 while broader Nifty 50 index breached the crucial 12,000-mark and was ruling at 11,955 points
Nexus guarantees European prices ahead of Brexit
Nexus Collections is freezing all prices ahead of the UK leaving Europe on 31st January, 2020. Any potential increased costs in terms of products, delivery or overhead that are a direct result of Brexit will be absorbed by Nexus Collections, a leading supplier of conference bags and conferences supplies. As a leading provider of conference supplies, such as bags and promotional items, including sustainable goods, Nexus Collections sources products from a number of destinations and delivers them to countries all over
Tourism Vancouver strengthens Asia Pacific expertise appointing GAO Group as new agency
VANCOUVER, BC, CANADA - Tourism Vancouver announced the appointment of a new agency, GAO Group International, to support regional sales efforts in Asia Pacific. Effective January 2020, GAO Group will be Tourism Vancouver’s official agency offering their services to support the organization’s Asia Pacific corporate incentive business development programs. From GAO Group’s head office in Melbourne and their regional office in Shanghai, they are perfectly positioned to promote Vancouver as a must visit Incentive Travel destination across the broader region. GAO Group
Market Wrap, Jan 31: Sensex tanks 190 pts, Nifty below 12K ahead of Budget
State Bank of India posted a 41 per cent year-on-year growth in the standalone net profit at Rs 5,583 crore - its highest ever quarterly net profit-- for the December quarter of FY20
Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%
In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.
Economic Survey: 5,151 smart city projects at various levels of execution
On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor
Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs
A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector
Economic Survey 2020: Need to address rising food bill, revisit PDS rates
The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
Economic Survey: Need to address challenges in farm sector to double income
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
Railway allows armed escorts in cargo trains to secure goods prone to theft
Armed escorts have been initially approved in the Eastern Railway zone and will be reviewed after a period of six months
India forecasts faster economic growth, warns of fiscal challenge
The government estimates GDP will grow 5% this fiscal year, which ends on March 31. That would be the slowest growth since the global financial crisis of 2008-09
Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey
Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
LG lost over $850 million through its Mobile Division as sales fall in 2019
LG has recently revealed its financial report for the Q4 of 2019. In the final quarter, the company saw a massive loss as its mobile division continues to deteriorate in the smartphone industry. According to the report, the South Korean tech giant saw a loss of over $850 million in Q4 of 2019 as sales …
Woza weekend, woza load shedding! Eskom announces Stage 2 power cuts till Monday
Eskom on said Friday that Stage 2 load shedding would start on 9 am on Friday and continue through to 6 am on Monday .
Millennials Aren’t Spending All Their Money on Avocado Toast, Actually
They are burdened by student loans, but new data shows they have saved more for retirement than Gen Xers did at the same age.
Economic Survey 2020 to give roadmap for $5 tn economy
Coming at a time when India's nominal economic growth, not adjusted for inflation, has been the worst in 42 years, the Economic Survey, to be presented in parliament by around 12.30 pm, is hugely
BT to charge customers for unreturned routers
BT says changes will improve sustainability and bottom line
The Next AMD Stock Buy Opportunity is Coming … Just Not Yet
Longer-term AMD stock investors have every reason to see more upside in shares, but trimming risk and waiting to accumulate shares on a more meaningful correction is smart business today.
Even This Cheap, It’s Hard to Make a Case for Chesapeake Energy Stock
Could Chesapeake Energy stock rally 20% to 30% from here? Yes. But that doesn't mean CHK stock doesn't have risks. In fact, far from it.
Buy the Bloodshed in Twitter Stock After the Q4 Earnings Release
Twitter stock tumbled badly following the underlying company’s Q3 earnings report and unfortunately, Q4 may not be so hot either. But there are enough positives in this story to warrant a contrarian mindset.
The EU’s Risky Green Taxonomy
European Union member states and the European Parliament are soon expected to adopt a so-called “taxonomy” for classifying green investments, after reaching an agreement last month on a list of “sustainable” economic activities. Once the new system enters into force, most likely this year, the European Commission will use this list to determine which financial assets and products are sustainable. This taxonomy is the backbone of the Commission’s regulatory package on sustainable finance, which has the ambitious goal of “reorient[ing] capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth.” The Commission hopes that the new labelling scheme will address the problem of market players “greenwashing” non-sustainable financial products and serve as the basis for policy incentives to promote sustainable investment. To be fit for purpose, however, the taxonomy must address three important questions. Unfortunately, the EU’s one-dimensional approach disregards two of the three…
SBI profit jumps 41 per cent to Rs 6,797 crore in Q3 on lower provisioning
On a standalone basis, SBI's net profit jumped 41.2 per cent to Rs 5,583.36 crore in the third quarter of the current fiscal compared to Rs 3,954.81 crore during the corresponding October-December period in the same period a year ago.
Explained: The ugly truth about India’s adherence to the FRBM Act
By completely ignoring Revenue Deficit, and only focusing on containing Fiscal Deficit, the government has ensured that the FRBM Act now hurts growth – which is exactly opposite of what fiscal consolidation was supposed to do.
Nintendo CEO says no new Switch model this year
The Kyoto-based company has long been rumoured to be preparing an upgraded version of the hybrid home-portable Switch as it nears the end of its third year in the market.
Market Highlights: Sensex slips 190 points, Nifty ends below 12,000 ahead of Budget 2020
Share Market, Stock Market Highlights: Everything that happened in the markets.
IIT-Roorkee MBA application process ends today, check selection process
IIT-Roorkee admisssion 2020: The application process will be closed on Friday, January 31, 2020. The candidates can apply at doms.iitm.ac.in
Sterling extends gains after BoE keeps rates on hold
LONDON, Jan 31 — The British pound extended its rally today for a second consecutive day following the Bank of England’s decision to keep interest rates steady on signs of a post-election pick-up in growth. But analysts said the rally may be short lived. The United Kingdom exits the European...
France cracks down on plastic waste, destruction of unsold clothes
PARIS, Jan 31 — The French parliament yesterday passed a law forbidding retailers from destroying unsold clothes and banning single-use plastic containers by 2040, part of the government’s efforts to reduce waste. The bill adopted by the Senate, after being cleared by the lower house National...
Hong Kong stocks close lower
HONG KONG, Jan 31 — Hong Kong shares closed down today, shedding their earlier gains and adding to a dismal week on one of Asia’s biggest bourses. The benchmark Hang Seng Index fell 0.52 per cent, or 136.50 points, to close at 26,312.63. Mainland Chinese markets were still closed for the...
1% Bitcoin No Longer ‘Crazy’ for Portfolios, Says Morgan Creek CEO
Morgan Creek founder and CEO Mark Yusko says Bitcoin is one of the most asymmetric assets he has ever seen in his career as a fund manager.
It Grows
Evil had a great holiday season: Amazon now has over 150 million Prime subscribers, the company announced in Q4 2019 numbers released on Thursday. The massive growth numbers sent the company’s market cap surging to over $US1 ($1) trillion and made CEO Jeff Bezos an estimated $US13.2 ($20) billion in a matter of...
House Prices, Rent Dip In Nairobi As Landlords Become Less Demanding
House prices and rents in Nairobi dropped marginally for the year 2019, a new study by realtor HassConsult has revealed.According to the study, rents dipped by 2.1 per cent in Nairobi while those
Warren Buffett's big Amazon investment is finally paying off, 8 months after he lamented not buying sooner (AMZN, BRKA)
Warren Buffett spent years watching Amazon soar from the sidelines, before his holding company Berkshire Hathaway started purchasing shares earl...
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are start...
It stifles freedom: Economic Survey cautions Modi govt against excessive intervention in market | 10 points
The Economic Survey has said govt interventions often result in undermining the market's ability to support wealth creation and lead to outcomes which are opposite to those intended.
Is India's GDP growth overstated? Economic Survey counters Arvind Subramanian, others
Beginning from Arvind Subramanian, several economists and international agencies have raised doubts over India's GDP growth rate figures in past one year. The Economic Survey 2020-21 rejects the charge.
Anti-virus maker Avast shutters data harvester Jumpshot
Privacy scandal news saw share price fall off a cliff.
USD/CNH now eyes the 7.04 area – UOB
Following the recent price action, FX Strategists at UOB now see USD/CNH attempting a move to the 7.04 region in the next weeks. Key Quotes 24-hour vi
Eurozone Preliminary GDP arrives at 0.1% QoQ in Q4, misses estimates
The Eurozone economy eased its pace of expansion at 0.1% on quarter in the three months to December of 2019, missing +0.2% expected, the first estimat
CBR preview: Dealing with more uncertainties – Nordea
Analysts at Nordea Markets expect the Central Bank of Russia to leave its key rate unchanged at 6.25% at its meeting next Friday but maintained their
Chinese envoy to UN: Confirmed coronavirus cases in China at 9,809 with 213 deaths
The total number of confirmed coronavirus cases in China stands at 9.809 with a death toll of 213, China's Permanent Representative to the UN, Zhang J
Eurozone Preliminary CPI rises 1.4% YoY in Jan, meets estimates
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +1.4% in October, meeting expectations of +1.4% and +1.3%
Budget session should be focused on economic matters: PM Modi
He also said that the session should be focused on economic matters and how India can take advantage of the current global economic situation.
Indian Origin, IIT Kanpur Graduate Arvind Krishna Elected New CEO Of IBM
After a “world-class succession process”, American IT giant International Business Machines (IBM) has named Indian-origin technology executive Arvind Krishna as the new Chief Executive Officer succeeding Virginia Rometty, reports India Today.
Parliament approves additional UGX 164b for health sector
Kampala, Uganda | THE INDEPENDENT | Parliament has approved an additional budget of 164.05 billion shillings to the health sector in the financial year 2020/2021. This followed the adoption of the Budget Committee report on the National Budget Framework Paper in which Members of Parliament recommended additional funds for different activities under the health sector. The …
Podcast: Economic Survey (Round-up)
The Economic Survey stated that the Indian economy is expected to grow 6-6.5 percent in 2020-21.This GDP growth forecast is seen as somewhat ambitious, given that Indian economy is widely expected to
NBFCs: Survey’s new diagnostic tool ‘Health Score’ may help avert liquidity crisis
The recent funding crunch in the economy caused by the blowouts in the NBFC sector (IL&FS, DHFL etc) over the last two years has clearly prompted the Government to look at the problems of fina
Dargaville pontoon to be upgraded
Rt Hon Winston Peters
Government welcomes Fonterra’s boiler move
A move by Fonterra to end its use of coal at its Te Awamutu site and use wood pellets to fuel its boiler illustrates how industry can play a major role in decarbonising the economy, says Energy and Resources Minister Megan Woods.
Anger over cut to Cambuslang bus service
The 172 will no longer call at several stops
Economic survey predicts GDP to be between 6 and 6.5%, wants government to deliver expeditiously on reforms to revive growth
The Economic Survey 2019-20 tabled in the parliament on Friday predicted the GDP growth between 6% and 6.5% in the fiscal year starting 1 April.
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
UK and EU prepare for next Brexit phase - a trade deal
As London hopes for a "zero-tariff, zero-quota trade agreement" post-Brexit, Brussels is insisting on a "level playing field". Meanwhile, British bankers are counting on maintaining their access to E…
Franco-British trade: Brexit and the uncertain future of the Entente Cordiale
Right now, the European Union is the UK's largest trading partner, with France and Britain in particular enjoying extremely close economic ties. But can that continue post-Brexit? With the nature of…
American Airlines, mechanics union reach tentative US$4.2 billion contract deal
American Airlines Holdings Inc and its mechanics union announced tentative joint collective bargaining agreements on Thursday covering five ...
Too soon to tell economic impact of Wuhan coronavirus on China: IMF chief
It is still too soon to gauge the economic impact of the virus outbreak on China's economy, beyond the first three months of the year, ...
Coca-Cola: A Solid Quarter, But Coke Is Maxed Out
Coca-Cola wrapped up its FY2019 with a solid quarter that saw organic revenues surpass analyst estimates.While the balance sheet is reaching an inflection point that should see deleveraging results in
Rockwell Automation Puts Up A Decent Quarter In A Challenging Macro Environment
Rockwell did miss at the segment profit line, but revenue was better than expected and full-year guidance was maintained.Rockwell's digital efforts seem to be gaining some traction, and it looks like
How major US stock indexes fared Friday
Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains …
Eurozone economy barely grows in Q4 as France, Italy shrink
BRUSSELS — The eurozone economy, made up of the 19 countries that use the euro, barely grew in the final quarter of 2019 as both France and Italy contracted, official figures showed Friday. In its first estimate for the quarter, statistics agency Eurostat said the eurozone grew by only 0.1% from the previous three-month period. …
Fueling future Kiwi generations' fuel needs - Hiringa and Waitomo
Innovative Kiwi energy companies Waitomo Group and Hiringa Energy have announced their intentions to work in partnership to develop New Zealand’s first nationwide hydrogen refueling stations network.
ANZ NZ Roy Morgan Consumer Confidence
The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 123 in January, a solid level. Households aren’t gung ho, but are feeling resilient.
Focus on trade talks as island of Ireland prepares for Brexit
Protests and celebrations will be held in Northern Ireland as the UK leaves the EU
MMDA extends free Pasig River ferry rides
The ferry service runs from Pinagbuhatan in Pasig City to Escolta in Manila, with 11 stations: Pinagbuhatan, San Joaquin and Maybunga in Pasig City; Guadalupe, Valenzuela in Makati City; Hulo in Mandaluyong City; and Lambingan, Sta. Ana, PUP, Lawton, Escolta in Manila City.
Rare-earth miner Lynas to build waste treatment plant in Malaysia
Rare-earth mining firm Lynas has reached a deal with the Malaysian state of Pahang to build a waste treatment plant in the country.
Final call to apply for CiTi’s Women in Business programme
Today’s the deadline to apply for CiTi's upskilling programme for female entrepreneurs in the Western Cape.
Big corporates opt for WeWork shared office tenancy
The economic downturn and a trend towards flexible office environments see WeWork become home to large enterprises, says WeWork SA GM Stafford Masie.
Highlights of CEA Subramanian press meet on Economic Survey: from 'wealth creation' to ‘Thalinomics'
Mr. Subramanian stressed that India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy and moving away from “pro-crony” policy.
Sensex drops 190 points; Nifty ends below 12K
All eyes have now turned to the Union Budget, scheduled to be presented on Saturday.
Railways allow armed escorts in freight trains to secure goods prone to theft
Armed escorts have been initially approved in the Eastern Railway zone and will be reviewed after a period of six months before it is extended to the other zonal railways
Three companies to process seaweed produced by farmers of Palk Bay region
Memoranda of Understanding were signed to this effect by the Fisheries Department on Thursday
Baton Systems, Provider of “Blockchain-Inspired” Payments Software, Finalizes $12 Million Investment Round
Baton Systems, an established developer of "blockchain-inspired" bank-to-bank payments software and infrastructure for linking multiple different ledgers, has
Localized Peer to Peer Lender Folk2Folk Reports Record Amount Invested via IFISA
Folk2Folk, a localized peer to peer lending platform, is reporting a "record year" regarding its Innovative Finance ISA (IFISA) offering during 2019. The comp
Infor strikes cost-saving partnership with Wellington-Altus
The partnership is a return to a full-service approach that’s worked in the past for founders of both Wellington-Altus and Infor, who came from large investment banks with significant wealth-management divisions
1,084 new .ie domain registrations in Louth last year - Talk of the Town
There were 1,084 new .ie domain registrations in Louth in 2019, according to the latest edition of the .ie Domain Profile Report published today by IE Domain Registry, the company that manages and maintains Ireland’s country domain. This figure is an increase of 7.11% year on year. The .ie Domain Profile Report examines the makeup...Read More→
Warren Buffett’s lesson for companies: keep candid
Apple, Facebook and Microsoft are among the groups depriving investors of information
Megallan Midstream reports weaker net income for fourth quarter, year over year
TULSA — Market-to-market commodity-related adjustments pushed Magellan Midstream Partners’ net income lower in the final quarter of 2019, the company reported on Thursday. Before markets opened, the company reported it earned a fourth-quarter net income of $286.4 million, or $1.25 per unit, on total revenues of about $740.7 million. In the fourth quarter of 2018, it had earned a net income of $314.1 million, or $1.38 per unit, on total revenues of about $865.7 million. Company officials said Magellan’s distributable cash flow for the fourth quarter of 2019 was a record $357.8 million, compared to $302.4 million the same period the previous year. As for the full year, Magellan reported a net income of about
This Is the High Cost China Is Paying for Copying a Stolen Su-33 Russian Jet Fighter
A bad copy.
Focus on trade talks as island of Ireland prepares for Brexit
Protests and celebrations will be held in Northern Ireland as the UK leaves the EU
How to become a millionaire – Anyone can do it
Here’s how to become a millionaire, anyone can do it! Including you. You just have to put your money and mind to it.
Nigerians to pay more for data, calls as telcos apply new VAT
The Association of Licensed Telecommunications Operators of Nigeria (ALTONS) said it will start implementing the country's new 7.5% Value Added Tax (VAT) increase from Saturday, February 1 2020.
Smart City Mission: 5,151 projects at various stages of implementation, says Survey
Talking about achievements of 'Smart Cities Mission' (SCM), the Survey said all 100 cities under the mission have incorporated SPVs, City Level Advisory Forums (CLAFs) and appointed Project Management Consultants (PMCs). "Since the launch of the mission, 5,151 projects worth more than Rs 2 lakh crore are at various stages of implementation in the 100 cities," it added.
Eco Survey has right vibes; will Budget reflect same thinking, asks D-Street
Here is what economists and analyst read into the fine prints of the survey.
Need to address key challenges in farm sector for doubling farmers' income: Survey
Issues such as investment in agriculture, water conservation, improved yields through better farming practices, access to market, availability of institutional credit, increasing the linkages between agricultural and non-agricultural sectors need urgent attention, it said.
Rly passenger volume up by 1.85%, freight loading rose by 5.34% in 2018-2019: Eco Survey
Commenting on the cleanliness parameters of the national transporter, the survey stated that for railways which covers over 8,700 stations and carries around 230 lakh passengers daily with clientele of varied socio-economic backgrounds, cleanliness was a continuous process.
Notable turnaround in mineral production due to policy reforms: Survey
India produces as many as 95 minerals which include 4 hydrocarbon energy minerals, including coal and lignite; 5 atomic minerals, 10 metallic, 21 non-metallic and 55 minor minerals.
Cutting down waste: Jakarta's traditional markets to drop single-use plastic bags by July
As an alternative, vendors are expected to educate and provide their customers with ecofriendly bags.
Macy's tech workers are afraid of losing their jobs as office closings remain unclear
A spokesperson for Macy's told Business Insider that it plans to share details of its three-year strategic plan at an investor day in early February.
Over 200 DP&L customers still without power in Montgomery County
— There are now over 200 Dayton Power & Light customers without power in Montgomery County.
German fund acquires planned office space on former PJ Carroll’s site
Deal sees Union Investment forward fund property which US group Hines is developing
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
SK Hynix to make deep capex cut; virus spread may threaten chip output
SEOUL (Reuters) - South Korea’s SK Hynix, the world’s No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said it would sharply reduce annual investment after posting a steep fall in quarterly profit.
It Grows
Evil had a great holiday season: Amazon now has over 150 million Prime subscribers, the company announced in Q4 2019 numbers released on Thursday. The massive growth numbers sent the company’s market cap surging to over $1 trillion (£761 billion) and made CEO Jeff Bezos an estimated $13.2 billion (£9 billion) in a matter of minutes.
Russia proposes raising Turkish tomato import quota by 50,000 T -RIA
MOSCOW, Jan 31 (Reuters) - Russia's Agriculture Ministry on Friday proposed increasing Turkey's tomato import quota by 50,000 tonnes to 200,000 tonnes, the RIA news agency reported.Russia lifted a ban on vegetable imports from Turkey in November 2017 but set quotas as tensions between the two countries eased after Ankara apologised for downing a Russian military jet. (Reporting by Maria Kiselyova; writing by Tom Balmforth; editing by Jason Neely)© Copyright Thomson Reuters 2020. Click For Restrictions - http://about.reuters.com/fulllegal.asp
These 3 Numbers Explain Why Amazon Is Dominating Everything Right Now
Amazon's best-ever quarter is about these three things.
Do You Possess the Personality Traits of a Diehard Entrepreneur? A Decade of Research Will Tell You
Researchers agree. Entrepreneurial personality types have these 7 qualities in common. Can you relate?
Mobile money transactions now at 721 million – Techjaja
Uganda’s mobile financial sector has been growing with increasing number of mobile money subscribers ever since its inception. Uganda Com
How to remove a big obstacle to buying a house: debt
It’s not impossible to buy a house if you’re in debt, it’s just more challenging. Here are some steps to take.
tZero to Launch Broker-Dealer, Seeks Fund from External Sources
tZero, the blockchain subsidiary Overstock, is planning to launch its retail broker-dealer platform called tZero Markets.
Housing corporations not building enough homes, regulator says
Housing corporations are still failing to build enough homes, according to a report by the Housing Corporation Authority, part of the Human Environment and Transport Inspectorate. The "State of the
Eskom CEO appoints board for planned division into three units
Eskom seeks to drive harder bargain on funding costs-CEO
BSNL set to revamp; half the employees are retrenched today
Barat Sanchar Nigam Limited (BSNL) is all set to rejuvenate the public telecom sector by bringing alterations in services and work. As part of the move the country is to witness the largest retrenching of employees.
HUL reports 12.95% rise in consolidated net profit at Rs 1,631 cr
The company had posted a net profit of Rs 1,444 crore in the October-December period of the previous fiscal
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
Consequential train accidents decreased to 59 in 2018-19: Economic Survey
The Indian Railways with over 68,000 route-kilometres is the third-largest network in the world under single management
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
Privatised CPSEs reported better profit, sales after transition: Eco Survey
The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
Stubble burning, construction waste still a major concern: Economic Survey
About 178 million tonnes of surplus crop residues are available in the country. Burning of these residues leads to rise in pollutant levels and deterioration of air quality
Economic Survey: New firm creation higher in services sector than mfg, agri
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
Budget 2020: Allow tax exemption on health insurance premium
Animesh Das Head of Product Strategy - ACKO General Insurance It would be a welcome move, if the government will remove the current limits and allow tax exemption on actual/full health insurance premium paid by the taxpayer.
AI: from experimentation to adoption
IBM commissioned a survey of 4,500 technology decision-makers and found that AI is being successfully adopted by the mainstream business world.
Amazon Crushes Earnings, and Here's the Most Impressive Part
Amazon’s retail sales took flight even in soft consumer spending environment.
Lockheed Martin Can Keep Flying Higher in 2020
The defense titan has had a great five-year run, but its year-end earnings results and forecast suggest there is potential for further growth.
Eurozone economy records worst year since 2013
The eurozone economy, which is made up of the 19 countries that use the euro currency, ended 2019 with a whimper and recorded its worst year of growth since it was mired in a debt crisis in 2013.
Aston Martin bailed out by Canadian F1 billionaire
Aston Martin has been rescued from collapse by a US$656 million bailout led by a Canadian Formula 1 billionaire.
Red-Hot Uber Stock Might Just Prove Its Bull Case in 2020
At the start of 2020 Uber stock is looking pretty hot. Investors should keep a close eye on the name as the year unfolds.
4 Things Investors Must Consider Before Buying Aurora Cannabis
Aurora stock is currently one of the worst-performing Canadian cannabis companies. Here are a few things to know before investing.
Lyft Stock Is An Intriguing Trade for Market Bulls Ahead of Earnings
The long-term debate over Lyft won't be resolved by a single quarterly report, but a risk-loving market could bid LYFT stock up next month.
3 Big Stock Charts for Friday: Lyft, HD Supply, and Melco Resorts & Entertainment
Friday's big stock charts feature three stocks with the potential for longer-term rebounds — and shorter-term upside.
When It Comes To IQIYI Stock, Investors Should Tune Out
IQIYI has staged a nice rally, but that's likely to fizzle out in the face of tough macroeconomic headwinds.
Eurozone economy records worst year since 2013
The growth recorded was lower than the 0.2% anticipated in the markets and was largely due to the fact that two of the eurozone's biggest economies, France and Italy, both contracted.
Does Algorand 2.0 Prove an Appealing Option for Developers?
Government agencies, sports franchises and mainstream exchanges are first real-world adopters of the popular “pure proof-of-stake” Algorand blockchain.
Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019
Over-the-counter digital currency trading and lending firm Genesis has closed the fourth quarter of 2019 with record high loan originations since its inception.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month. The University of Michigan said its index of consumer sentiment jumped to...
Nintendo Shares Plummet After Mixed Earnings, Plans for New Switch Axed
Nintendo was down nearly 5% after it reported earnings, and the worst is likely yet to come.
Amazon tops $1trillion valuation on strong results
Amazon.com is back in fashion with investors. Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period
Only 18.75% Lagos residents are registered taxpayers — LIRS
LIRS has said that only 4.5 million or 18.75 percent of the 24 million people resident in Lagos State, representing 18.75 percent are...
Economic Survey outlines strategy to achieve $5 trillion economy, says PM Modi
In a social media post, PM Modi said that the Economic Survey, tabled in Parliament today, highlights the government's strategy to achieve $5 trillion economy.
USD/CHF drops below 0.9700 as markets remain risk-averse
The USD/CHF pair erased nearly 40 pips on Thursday and seems to be having a difficult time staging a recovery on Friday. After touching a daily high o
When is the monthly Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for November, scheduled to be published at 13:30 GMT by Statist
Italy's Gualtieri: Government expects GDP to bounce back in Q1 after disappointing Q4
The Italian government expects the Gross Domestic Product (GDP) to bounce back in the first quarter of 2020 following the disappointing growth recorde
Canadian Nov. GDP will be in focus on Friday – TDS
Analysts at TD Securities (TDS) offered a brief preview on Thursday's release of Canadian monthly GDP print for November and also the near-term outloo
Wipro stocks fall over two per cent after CEO Neemuchwala steps down
MD Abidali Z Neemuchwala will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition.
Two-day PSU bank strike over wage revision impacts services across country
However, private sector lenders like ICICI Bank and HDFC Bank were operational.
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here., Business Insider - Business Insider Singapore
Business Insider - The Wuhan Huoshenshan Hospital is due to open February 3, and the Leishenshan Hospital is due to open February 5.. Read more at businessinsider.sg
$12M funding boost - regional water storage and use project
12M funding boost - regional water storage and use project
China's factory activity falls in January as Wuhan coronavirus fears grow
BEIJING: China's manufacturing activity slipped in January, official data showed on Friday (Jan 31), as the country grapples with a new virus that ...
Markets welcome WHO virus declaration
Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China.
China - One Problem Ends And Another Begins
Trade had been a problem for the Chinese economy.Hong Kong issues are ongoing.African Swine Fever caused a meat shortage.Did ASF lead to coronavirus?Commodities will move with the state of China's eco
Pfizer Misses Target, Soft Guidance, And Other News: The Good, Bad And Ugly Of Biopharma
Pfizer missed Q4 target, offers soft guidance.Surface Onco receives IND.PerkinElmer provides lackluster 2020 guidance.
Just announced - PGF funding for Northland water storage and use project
Today’s (Friday’s) announcement of a $12 million boost for the water storage and use project underscores the Government’s confidence in the scheme and the region, says Northland Regional Council Chair Penny Smart.
Coin hoard is a world record breaker – and that’s official
A HOARD of almost 70,000 Iron Age coins found in Jersey has been officially recognised as a world record – although its value and whether it will stay in Jersey still remain unclear.
French Connection shares plummet after failure to secure buyer
The retailer saw shares slide by almost a third after it said it was set to post between £1 million and £2 million in losses for the year.
Laura Ashley chief executive steps down after eight years
Retailer Laura Ashley said today its chief executive Kwan Cheong Ng is stepping down after eight years in the role. [...]
Upswing expected in SA’s ICT spending in 2020
Despite SA’s subdued economic outlook, technology has a massive part to play in the country’s growth in the future, with ICT spending to reach R393 billion in 2020, says the IDC.
Integrate ‘Assemble in India’ into Make in India
Move will boost exports, create 80 mn jobs in next 10 years, survey says.The Survey gives China’s example, where labour-intensive exports between 2001 and 2006 created 70 million jobs
Economic Survey 2019-20: Competition, low tariffs led to financial stress in telecom sector
The data price in the country came down by over 99% during 2016-2019, making it among the lowest tariff in the world, according to the survey.
Banking services affected as employees strike
The nationwide strike has been called by the United Forum of Bank Unions, pressing for a 20% wage hike and a charter of other demands
CFTC Chairman Heath P. Tarbert Wants US to Take the Lead in Adopting Cryptocurrencies and Blockchain Technology
Dr. Heath P. Tarbert, chairman and chief executive at the US Commodity Futures Trading Commission (CFTC), recently stated that he would like to see the United S
France, Italy Drag Euro-Area Economy to Worst Quarter Since 2013
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years.The surprise slump in two of the
Railways Approaches Finance Ministry to Relieve it of Pension Burden
This is not the first time that the railways has begged off its pension responsibilities, which eat into its earnings.
We Don't Know How Many Bullets, Guns or Planes China Sells Around the World
China may be the world’s No. 2 arms producer, according to a new estimate. But we still don't know how many arms it actually sells.
This Billionaire Bitcoin Investor Gives 3 Catalysts That Could Send Price Flying
Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high
IBM Chief To Exit Role After Sluggish Growth
IBM CEO Ginni Rometty is stepping down after eight years in which the tech giant struggled to keep up with its competition. Arvind Krishna will be the new CEO.
Blow to Kenyan farmers as agency bans avocado export
Traders accused of shipping immature crop due to high demand.
These were the best performing ASX 200 shares last week
The Link Administration Holdings Ltd (ASX:LNK) share price and the ResMed Inc. (ASX:RMD) share price were amongst the best performers on the ASX 200 last week...
3 exciting ASX small cap tech shares on my watchlist
Alcidion Group Ltd (ASX:ALC) and two other ASX small cap tech shares could be great long term investments...
These were the worst performing ASX 200 shares last week
The Nearmap Ltd (ASX:NEA) share price and the Treasury Wine Estates Ltd (ASX:TWE) share price were amongst the worst performers on the ASX 200 last week...
Plastics ban can't be instant, restaurants warn Ottawa
OTTAWA — Canada's restaurant owners are eager to do their part to curb this country's addiction to plastics, their association says, but they want the government to leave time for them to adapt to a . . .
Post-fire losses darken days for light bulb maker - VnExpress International
Light bulb maker Rang Dong, whose Hanoi warehouse was gutted by a fire, has reported Q4 losses of almost VND36 billion ($1.5 million).
Chinese visitors to Vietnam hit record high in Jan - VnExpress International
January saw tourists from China to Vietnam post record high growth though new coronavirus fears prompted the country to clamp down on Chinese arrivals 10 days prior.
Tech View: Be patient with Budget volatility, don’t rush to buy on dips
Nifty broke below the lower end of the Rising Megaphone pattern on the daily chart.
Core sector output shows growth after contracting for four months
The rebound signals that the economy may have bottomed out in the second quarter and may see revival in the third quarter. The news should come as relief for the government ahead of the Budget and may dispel fears surrounding the Indian economy slipping into stagflation.
ET View: Economic Survey revives an old tale about Microsoft
Microsoft has come a long way since then and even became the worlds most valued company. The Survey does not hold out a happy story.
Highways sector needs Rs 19.63 lakh crore investment by 2024-25: Economic Survey
Of the total Rs 102 lakh crore investment need for infrastructure projected by the National Infrastructure Pipeline (NIP), during 2020 to 2025, the highways sector will require Rs 19.63 lakh crore, the Survey said.
Production pattern is not in sync with the demand: The Economic Survey 2019-20
The survey said that the share of cereals declines steadily as MPCE level increases, from about 19 per cent for the bottom decile class of rural India to about 5-6 per cent for the top decile class, and from 15 per cent for the bottom decile class of urban India to under 3 per cent for the top decile class.
Sales of over 1.7k listed manufacturing firms contracted by 7.7 per cent in Q2: Survey
The Survey, tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman said demand conditions for the manufacturing sector weakened in September quarter of 2019-20 with a contraction in nominal sales, citing RBI studies on corporate performance.
Contraction in domestic revenue growth softened IT-BPM sector growth in FY19: Survey
Of the total $135.5 billion of exports of the IT-BPM sector in 2018-19, IT services accounted for 55%, and BPM and software products & engineering services for the remaining 45 per cent (with each accounting for almost half of the share). The survey termed the Indian IT-BPM industry as the flag-bearer of India's exports over the past two decades.
F&O: Over to Budget; banking stocks only hope as bears rule
India VIX moved up 3.38 per cent to 17.36 level.
Eco Survey focuses on wealth creation, says PM
After the release of Economic Survey 2019-20, Prime Minister Narendra Modi took to his Twitter handle and said it focuses on wealth-creation for 130 crore Indians. It outlines a multi-faceted strategy to achieve a $5 trillion economy through enterprise, exports, ease of doing business and more.
Eco Survey calls for pro-business policies, strengthening invisible hand of markets
The invisible hand needs to be strengthened by promoting pro-business policies to provide equal opportunities for new entrants, enable fair competition and ease doing business, eliminate policies that undermine markets through government intervention even where it is not necessary, it said.
You don’t have to hit a six in every ball, wait for market to throw you a loose ball: Madhusudan Kela
As the markets have amply proven in the last four, six months, the loose ball is coming. Meanwhile, pharma could provide great opportunities, says market expert Madhusudan Kela.
Sebi disposes of insider trading case against SpiceJet's former independent director
It had been alleged that he traded in SpiceJet while in possession of unpublished price information
Eco Survey flags 'disproportionate dwarfism' of Indian banks, calls upon PSBs to become efficient
Flagging 'disproportionate dwarfism' of banks, Economic Survey called upon PSBs to become efficient.
Oil Climbs as WHO Declares Emergency, but Opposes Travel Restrictions
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people. Brent crude LCOc
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.
Aldi wants to open a new, bigger Newport store next to Sainsbury's - but the council will try to stop it
Sainsbury's have objected to Aldi's plans to open a new supermarket next door
Central Bank Digital Currency (CBDC) Is Becoming a Big Topic in Asia
An official at Japan's central bank has signaled a willingness to embrace a digital yen & Cambodia is pushing ahead with it's own blockchain-powered currency
Opposition lingers in Shinhan’s Orange Life merger
Shinhan Financial Group’s plans to merge Orange Life Insurance with its wholly owned life insurance unit seemed to have been working out smoothly. However, trouble persists as minority shareholders continue to demand an increase in their dividend payouts. Small shareholders of Orange began making the demand after teaming up with civic activist group the Korea Stockholders Alliance in November, but Shinhan refu...
Shrinking French and Italian economies hamper euro zone growth
Spectre of recession likely to mean more monetary easing by ECB
Where Democratic presidential candidates stand on 'Medicare for All'
(Reuters) - Perhaps no issue has divided the field of Democratic 2020 presidential hopefuls more than “Medicare for All.”
Exclusive: FBI probes use of Israeli firm's spyware in personal and government hacks - sources
(Reuters) - The FBI is investigating the role of Israeli spyware vendor NSO Group Technologies in possible hacks on American residents and companies as well as suspected intelligence gathering on governments, according to four people familiar with the inquiry.
Stocks drop amid uncertainty over virus impact; Amazon soars
U.S. stocks fell broadly in midday trading on Wall Street amid ongoing uncertainty about the potential economic impact of the 2019 Novel Coronavirus outbreak that originated in China.
Turkish conglomerate Anadolu sells McDonald's franchising rights
Turkey's Anadolu Group Holding, one of the country's largest conglomerates, said Thursday that all shares of Anadolu Restaurant, which includes the Turkish...
Fewer than 1 in 5 Employees Is Highly Engaged. Here's Why This is a Problem--and How to Fix It
In today's competitive hiring market, it's easier to keep your current employees engaged that to start the hiring process from scratch.
Deribit to Offer Daily Bitcoin Options
Crypto derivatives platform Deribit will offer a daily Bitcoin index options to its client base.
Crews removing capsized ship hope to beat hurricane season
SAVANNAH, Ga. (AP) — The salvage team in charge of removing a cargo ship that overturned on the Georgia coast nearly five months ago wants to surround it with a...
The Return of the King: Jeff Bezos Tops World's Billionaires List After Amazon Sales Went up 21%
On Wednesday, the fortune of billionaire entrepreneur Elon Musk grew by $2.3 billion within an hour following an increase in the total market value of electric vehicle maker Tesla.
Opinion: Is Enmax paying its fair share into City of Calgary coffers?
For Calgary’s economy, 2019 was a terrible year, marked by ongoing troubles in the energy sector and a downturn in construction. Not surprisingly, the city’s weak economic performance h…
Economic Survey 2020 explains why the rich are good for economy
Economic Survey 2020: Survey says wealth created by entrepreneurs correlate strongly with wealth created by employees, and that greater wealth creation in a market economy enhances welfare for all
London is Europe's best city to invest in and Manchester moves into the top 30 on the
London kept second place globally and first in Europe in the annual chart, which measures the attractiveness of major cities around the world for real asset investing.
Acrelec announces $223 million investment from Glory to expand in-store quick service solutions
Acrelec, the global leader in customer experience technology for “quick service” restaurants and retailers, has announced plans for a $223 million investment by Glory Global Solutions. The funding is subject to review by Acrelec’s employee representatives and certain competition authorities. Acrelec has developed kiosks, drive-through and self-checkouts for many of the world’s best-known restaurants and […]
Milan-based Supermercato24 raises €11 million to expand its e-grocery marketplace in Europe
Italian startup Supermercato24 has today announced raising €11 million to expand its e-grocery marketplace in its homecountry, as well as in Poland where it also has an office, and the rest of Europe.
London-based Yumpingo raises over €9 million to help restaurants gather real-time feedback
UK startup Yumpingo, a one-minute instant review platform for restaurants, has raised over €9 million. The foodtech startup will use the funds to launch Yumpingo Pay, a new pay-at-table platform, and expand the company’s sales and operations internationally.
Dec core sector growth recovers to 1.3% on higher coal, fertiliser output
Production of crude oil, natural gas, and electricity contracted in the month under review
Bold reforms needed to achieve 6-6.5% growth in FY21: Experts, industry
Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5 per cent will be challenging
GDP growth for FY19 revised downwards to 6.1% from 6.8% estimated earlier
"Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 trillion and Rs 131.75 trillion, respectively
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses
In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"
ISRO readying low-cost satellite launch vehicles worth Rs 30-35 cr
ISRO has planned some 500 Polar Satellite Launch Vehicle launches in the next five years, a press release quoting Haridas said
Trade body at variance with ISMA over sugar production estimate
All India Sugar Trade Association sees sugar output falling to 27 million tonnes; This is higher than ISMA's estimate of 26 million tonnes for 2019-20
Amazon's Q4 revenue takes a 300 bps hit due to Diwali timing, Japanese tax
Firms says large part of impact was felt as Diwali season moved more into third quarter, boosting Q3 sales at the cost of Q4
European Union passes resolution to force common charger for smartphones
Recently we reported that Apple may be forced to ship iPhones with USB-C port in the European Union. As we expected, EU parliament this week voted 582-40 in favor of a resolution to urge action by the European Commission on a common charging solution for smartphones. The parliament has asked the Commission to ensure that …
Google opens its first Developers Space in Africa
Tech giant Google has officially opened the doors of its first Google Developer Space that would be set up in Africa. The tech hub was unveiled in Nigeria and is in line with the tech giant’s vision to grow Africa’s tech space. The company had made a commitment in 2017 to start the Launchpad Accelerator …
No fresh investment, redemption for mutual fund investors on Budget day
Mutual funds investors will not be able to make a fresh investment or sell their units on the Budget day because subscription and redemption are closed on Saturdays and Sundays, industry officials
Gold futures fall Rs 319 to Rs 40,656 per 10 gm
Gold prices on Friday fell by Rs 319 to Rs 40,656 per 10 gram in futures trade as participants cut down their positions in line with a weak trend overseas. On the Multi Commodity Exchange, gold
Collaboration tools are more popular than ever, but they have an insidious side
Are collaboration tools having a positive or negative impact on the way we work?
Enrolling in Medicare? Don't Make This Giant Mistake
It's one that could cost you big-time for the rest of your life.
Tesla Management Talks Cybertruck, Model Y, Coronavirus, and More
Don't miss these must-read quotes from the electric-car company's fourth-quarter earnings call.
Altria's Profit Just Got Vaporized
Controversy surrounding the e-cigarette industry is costing the tobacco giant billions of dollars.
The Tax Break the IRS Is Begging You to Take
Millions of taxpayers are eligible but choose not to claim the thousands of dollars this tax credit offers.
This Industrial Giant Is Giving Up and That's a Good Thing
After years of trying to turn things around, it's finally time to say goodbye to a struggling sector.
As Trade Tensions Ebb and Chip Prices Recover MU Stock Is a Buy
After being battered by market forces and a trade war for over a year, Micron is positioned for growth, and that should propel MU stock.
Look for New Highs From CSX Stock as the Economy Heats Up
As goes the economy, so goes CSX stock, and the economy is only going to improve over the next few quarters.
Do Not Put Ocean Power Technologies Stock in Your 401k
The Ocean Renewable Energy Action Coalition just launched. As a result, is Ocean Power Technologies and OPTT stock worth a look?
Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court
The senior adviser to Silk Road operator Ross Ulbricht had pled guilty to one count of conspiracy to distribute narcotics in a Manhattan Federal Court.
Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin
After launching trading of gold-pegged stablecoin Tether Gold last week, Bitfinex cryptocurrency exchange now allows users to trade Tether Gold against Bitcoin.
Dow plummets 600+ points in its worst day since August
The Dow Jones Industrial Average erased its year-to-date gains in the last day of January trading, tumbling more than 600 points on rising coron...
More countries publishing ecosystem accounts, considering environment in economic decisions
New research shows that an increasing number of countries are publishing ecosystem accounts, helping to embed nature in economic and financial decisions.
Electricity consumers to pay more for prepaid meters
Electricity Consumers will have to pay more for prepaid meters as the hike in FG's Value Added Tax, VAT, from 5 to 7.5 per cent, begins in ...
Coronavirus forcing Google, Apple to take precautionary measures
Silicon Valley is bracing for the coronavirus outbreak to impact its bottom line as Google closed its offices in China and Apple.
AUD/USD keeps the red near multi-month lows, around 0.6700 mark ahead of US data
The AUD/USD pair maintained its offered tone through the mid-European session, albeit has managed to rebound around 15-20 from near four-month lows to
The worst start to a new year since 2016 – Rabobank
The CEEMEA currencies are on track to end January on the back foot marking the worst start to a new year since January 2016, writes Piotr Matys – Seni
EUR/GBP on the defensive around 0.8400 ahead of Brexit
The continuation of the buying interest around the quid is forcing EUR/GBP to recede further ground and briefly test the area of 2020 lows near 0.8385
EUR/JPY flirts with the 100-day SMA near 121.30
The better tone surrounding the European currency is sustaining the uptick in EUR/JPY to the 120.30 region, where sits the initial barrier at the 100-
USD/JPY pares early gains, turns flat below 109 ahead of US data
The USD/JPY pair struggles to make a meaningful recovery on Friday as investors continue to stay close to safe-haven assets such as the JPY amid heigh
WATCH: 69-tonne footbridge at motorway service station near Bristol taken down
Around 70 people took part in the operation
Rocket Report: Starlink flies, OneWeb has next mega-constellation launch
“This marks the start of a regular launch campaign during 2020.”
Tertiary Students equipped with skills for the job market
news, story, article
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter, Business Insider - Business Insider Singapore
Business Insider - Fewer Chinese tourists and a drop in US exports to China could weigh on the economy.. Read more at businessinsider.sg
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail, Business Insider - Business Insider Singapore
Business Insider - If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.. Read more at businessinsider.sg
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
SBI profits zooms 41% to ₹5,583 crore in Q3
State Bank of India, on Friday, reported a robust 41 per cent jump in net profit at ₹5,583 crore in the third quarter ended December 31, 2019, along with an improvement in asset quality. The bank sa
Economic Survey: Why erosion of taxpayers’ money in PSBs is a much deeper issue
While the Economic Survey helps in quantifying the loss, it fails to point out the graver issues at hand
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
SK Hynix to make deep capex cut as virus spread threatens chip output
South Korea's SK Hynix , the worlds' No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said ...
Investors get bullish after WHO lauds China's coronavirus response
"For now, the market’s risk lights have shifted from flickering on red to a steady shade of amber."
Plug Power - Business Update Call Takeaways - Company Signs Third Anchor Customer
Discussing key takeaways from Thursday's business update call. Company reported FY2019 gross billings at the lower end of the projected range and guided for approximately 27% top-line growth and mater
A Much Better Alternative To Dollar-Cost Averaging
Warren Buffett himself seems to like the dollar-cost average approach to investing in stocks, but I am skeptical.Today, I test a simple alternative to DCA that has produced higher absolute returns and
OIL: Buy The Bottom In Crude
Oil demand is the only part of the balance where the bears can make a potentially compelling case to sell oil – but the supply variables win out.Supply is currently being constrained by market partici
BlackRock Appears Interested In North American Small Cap Pharmaceuticals
BlackRock sees North American Small Cap Pharmaceuticals as Undervalued. Will this trend continue?Comparing Blackrock and Vanguards asset allocation in North American Small Cap Pharmaceuticals.BlackRoc
Boeing: A Lot Of Pain With Light At The End Of The Tunnel
Boeing experienced a great deal of pain last year due to its 737 Max issues.These problems have extended into 2020 and will likely persist during at least the first half of the year.The balance sheet
Genesco: Relatively Cheap And Aggressively Shrinking The Share Count
Shares of Genesco have greatly trailed the market over the last 12 months in spite of strong EPS growth.Comps have been relatively solid across the company's various brands.However, EPS growth is prim
GE2020: Fianna Fáil's Byrne claims SF tax plans 'will cost jobs in Louth'
Fianna Fáil Councillor James Byrne slates Sinn Féin tax plans
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail
If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.
ATA urges the Senate to vote 'no' on the Cash Ban Bill
"Some incredibly insightful individuals testified at the Cash Ban hearing on Thursday. The message was clear: any restriction on cash is an attack on economic freedom. Australians should be allowed to make legal purchases with the legal tender of their choice instead of being forced onto the banking system."
HBC board backs bid
The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
New York pension fund to review investments in coal companies
The New York State Common Retirement Fund has announced its plan to review investments for 27 thermal coal mining companies.
India’s Supreme Court allows Sarda Mines to resume mining in Odisha
The Supreme Court of India has allowed Sarda Mines to resume mining operations in the state of Odisha if it pays INR933m ($139m) in environmental fine.
Ramaphosa orders SIU to probe IFMS project
President Cyril Ramaphosa reportedly instructs the Special Investigating Unit to investigate the bungled National Treasury IT project.
Use big data, AI to detect fraud at PSU banks
Economic Survey proposes setting up of a PSB Network to enable banks to take more informed decisions on credit underwriting.Banking sector must scale up in tandem with the size of the Indian economy to support growth and development, says the Survey
India can make a satellite within four weeks, says Chandrayaan-1 Project Director
‘Space technology provides many opportunities for young engineers’
The EMI waiver is here
In these difficult times for real estate and home loan segment, banks and housing finance companies (HFIs) have found a new method to attract borrowers – home loans with EMI waivers. It does not mean
National Statistical Office revises growth down to 6.1% for 2018-19
“Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at ₹139.81 lakh crore and ₹131.75 lakh crore, respectively.”
Water level in Periyar dam on Friday (Jan. 31)
MADURAIWater level in Periyar dam stood at 117.75 feet (permissible level is 142 ft.), with an inflow of 54 cusecs and a discharge of 444 cusecs. In Vaigai dam, the level was 54.46 ft. (71 ft.), with
Hong Kong-based Digital Asset Exchange Bitfinex Introduces Margin Trading for Tether’s New Gold-backed Stablecoin
Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confi
Women in Fintech: Paris Fintech Forum Takes Hold of Gender Diversity Issue
Every year, the Paris Fintech Forum (PFF) makes a special effort to invite as many female Fintech founders and CEOs as possible to share the stage at its CEO-only conference. However, Laurent Nizri, the CEO of Altéir and PFF organizer, admits that he struggles to find them. Case in point: only one female entrepreneur, Nicky Goulimis, co-founder & COO of Nova Credit, took the stage during the five sessions of the Alternative Finance track chaired
IBM turns to technologist chief for cloud computing battle
Arvind Krishna has already pushed group to catch up with cloud computing leaders
Economic Survey 2019-20 Tabled in Parliament, Sees Pick up in Growth
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects.
How Laser Weapons are Changing Military Defense and Offense
As technology advances, so too is the way that we carry out modern warfare. No, not the game, rather the weapons that militaries use around the world in everyday defense.
A Full-Picture Approach To Thwarting Debit Fraud
Debit payments have a $960 million fraud problem — and reliance on analyzing customers' behaviors doesn't go far enough. Modern security measures must examine the behavioral patterns of all transactional participants (including the ATM), says FICO Vice President Doug Clare. In the inaugural Next-Gen Debit Tracker, he discusses how financial institutions (FIs) can expand their application of fraud-fighting tools to secure debit transactions.
How can your business improve its digital journey?
Denis Lafitte, Spire Healthcare Group plc, shares insights and advice for the digital road ahead from his own digital journey experience
The little-known Buffett quote that guides my investing
The simple secret to evaluating winning businesses like Xero Limited (ASX:XRO) and CSL Limited (ASX: CSL)
5 ASX growth shares to boost your portfolio performance
Here's why I would pick A2 Milk Company (ASX: A2m) shares and these 4 other ASX shares to boost your portfolio performance.
Stage set for gradual recovery in broader markets over next year: Sunil Subramaniam, Sundaram MF
Things are not going to recover right from tomorrow but over the next three to six months, one can definitely see the underpins of an economic recovery, says Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund.
Government must unleash bold reforms to achieve 6-6.5% growth in FY21, say experts, industry
The chamber said as the Economic Survey is a precursor to the Union Budget, it expects some of the bold reforms highlighting trust, entrepreneurship and primacy of the market to be reflected in the Budget announcements. Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5% will be challenging.
World Bank calls for stronger tax collection to bring 115 million Indonesians into middle class
World Bank acting country director for Indonesia Rolande Pryce said the government’s plan to relax corporate income tax, among other things, would reduce the tax-to-GDP ratio by 0.5 percent. Indonesia’s tax to GDP ratio stands at 10.7 percent in 2017, the lowest among regional peers.
Indonesia: Year in review 2019
Indonesia recorded year-on-year (yoy) growth of 5.02 percent in the third quarter of 2019, slightly down on earlier projections of 5.1 percent, as well as on second quarter levels of 5.05 percent yoy. This figure was the lowest rate of growth since mid-2017, as investment, household spending and government spending all saw subdued growth.
Gardening: The dirt on poor soil
Although generally considered a dry topic, understanding our soil is essential to good gardening.
Household lending grows for third consecutive year - Central Bank
Home lending drove growth in the figures but private sector lending fell
Staff share in €54m payout after US takeover of Decawave
Chipmaker gives new owner access to fast-growing market for Irish group’s technology
137 countries start work on tax rules for tech giants; Tim Cook backs approach
Officials from 137 governments have begun work on new international tax rules for tech giants. The new rules will be designed to ensure that tech ...
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
Companies in Beijing to resume work on February 10 due to virus fight: government newspaper
BEIJING (Reuters) - China’s capital Beijing said on Friday that companies in the province will postpone reopening until Feb. 10 in order to help prevent the spread of a new coronavirus, government newspaper Beijing Daily reported.
Top U.S. fund firms split over new limits on shareholder votes
BOSTON (Reuters) - Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Ukraine sunseed, rapeseed harvest rises in 2019
KIEV, Jan 31 (Reuters) - Sunflower harvest in Ukraine, the world's biggest sunflower oil exporter, rose by 7.7 percent to 15.3 million tonnes in 2019, the state statistics service said on Friday.Ukraine has increased its sunoil exports by around 60% so far in the September 2019 to August 2020 season, to 1.96 million tonnes. It exported 6.063 million tonnes in the 2018/19 season, according to the Ukrainian sunoil producers' association.
3 Big Things Today, January 31, 2020
Corn and soybean futures were little changed amid concerns about the coronavirus.
Indian economy has hit ‘a trough’, hope to achieve 6-6.5% in 2020-’21, says chief economic advisor
The chief economic advisor pointed out that firms that had borrowed a lot of funds between 2008 and 2012 had invested less during the 2013-’17 period.
Mastercard Invests in AI-Based Startup Trust Stamp
Electronic payments giant Mastercard has made a strategic investment in Trust Stamp, an Artificial Intelligence-based authentication services company.
ING the second Netherlands bank to turn to negative savings interest
Banking institution ING has become the second bank in the Netherlands to charge a negative interest rate on certain savings accounts. Customers will face a -0.50 percent interest rate for any amount
Domestic milk intake down 5.7% in December
Domestic milk intake by creameries and pasteurisers was estimated at 243.8 million litres for December 2019, according to the CSO.
Eskom gauges interest in building pebble-bed nuclear plants
South Africa spent R14.47bn trying to develop the technology before abandoning the project in 1999.
Africa pushes ahead on the world’s largest free-trade zone
The African Union is backing the Africa Continental Free Trade Area.
Tipperary IFA president says EU 'can't be browbeaten' by Boris Johnson
Irish farmers 'cannot be sold out'
Qatar Petroleum announces fuel prices for February
Doha - Qatar Petroleum (QP) today announced the petrol and diesel prices for February.
Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey
According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average
Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka
Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs
Eco Survey gives positive outlook for steel, oil and gas sectors: Pradhan
The sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period, it added
Fused entity to have enough cash to loan private players: PFC on REC merger
PFC and REC can separately lend up to 25 per cent of their net worth to a single borrower/ project, and lending to a group borrower could be 40 per cent, PFC informed the BSE
Corporation tax cut to benefit 1% firms, SMEs paying lower tax: Eco Survey
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
Foreign exchange reserves reach life-time high of $466.69 billion
In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion
Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone
In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore
Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study
Calls for unhindered access to capital for start-ups, govt support in the form of buyback arrangements or schemes to incentivise investors
Wilbur Ross Sees a Bright Side to Chinese Virus
Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States.
‘Big four’ banks turn into ‘big two’ - VietNamNet
With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.
Homes with view of St James' Park proposed as part of Newcastle city centre development
Plans for 66 flats on the Newcastle Helix site outline innovative scheme for flexible housing
Govt to spend Rs 25 lakh cr to boost rural economy; over Rs 43K cr disbursed under PM-KISAN scheme
The government has provided over Rs 43,000 crore to more than 8 crore farmers under the PM-KISAN scheme and will spend Rs 25 lakh crore in coming years to boost the rural economy, President Ram Nath Kovind said on Friday.
Pro-business policy critical to achieve $5 trillion economy, says Economic Survey
The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate
3 Warren Buffett Picks That Most Investors Missed
Even many Buffett followers haven't picked up on some of these winners. Did you?
CVS Stock Is a Long-Term Hold, but It’s not a Buy Ahead of Earnings
CVS Health's 2018 acquisition of Aetna will likely boost CVS stock in 2020, but volatiity around earnings date is possible.
Splunk Stock Will Keep Powering Higher Despite Being Overvalued
Splunk stock isn't cheap -- it's probably overvalued here -- but valuation alone won't stop the SPLK rally.
Chesapeake Energy Bulls Are Asking the Wrong Question
From logical deduction, the environment must be pressured beyond belief. Thus, I can’t see CHK stock doing anything but eroding in the long run.
Budget Session 2020 Highlights: GDP growth rate for 2018-19 revised downwards to 6.1 per cent
Parliament Budget Session 2020, Economic Survey 2020 Highlights: The Economic Survey 2019-2020, tabled by Finance Minister Nirmala Sitharaman, projected the economic growth of 6 to 6.5 per cent in the fiscal year starting April 1.
OECD warns of ‘concerns’ over US move on digital tax
PARIS, Jan 31 — An alternative proposal by Washington on how to tax digital giants worldwide has been met with “concern” by several nations, the OECD group of free-market economies said today. The push for a so-called “safe harbour” option would essentially render compliance optional,...
Overstock’s tZERO to Launch Broker Dealer in First Half of 2020
Overstock’s blockchain arm tZERO aims to launch a cryptocurrency market broker dealer service in the first half of 2020.
World governments 'moving fast' to overhaul taxes for tech giants
A consortium of 137 countries has agreed to revamp tax rules to close decades-old loopholes for multinational corporations. It's prompted by the rise of digital firms but Apple, for one, has been a vocal supporter of reform.
These Maps Paint a Dark Future for the Arctic National Wildlife Refuge If Trump Has His Way
The Arctic National Wildlife Refuge is one of the last pristine landscapes in America. Tucked along the northern border of Alaska and Canada, the nearly 20 million acres of wilderness is home to a variety of wildlife species, including the Porcupine caribou herd, which visits the refuge’s coastal plain every summer where mothers give birth to their young.
Property sales catapult American Savings’ earnings | Honolulu Star-Advertiser
American Savings Bank’s earnings soared 30% in the fourth quarter after recognizing an after-tax gain of $7.7 million from the sales of its former headquarters at the Financial Plaza of the Pacific and its Mililani Service Center.
The Daily Chase: Stocks under pressure as virus spreads; GDP inches higher
Global stocks are coming back under pressure this morning as investors interpret the latest wave of coronavirus headlines. Meanwhile, the Canadian economy unexpectedly expanded in November.
Cott to sell S&D Coffee business for US$405 million
The sale is part of Cott's plan to focus on its water business.
How mortgage broking was saved from near death
The Hayne recommendations nearly finished off mortgage brokers a year ago. Today, their services are more in demand than ever.
PM's climate fix puts taxpayer dollars at risk
The bilateral energy agreement with NSW is by a long way the second best, more costly and higher risk climate solution.
What to look for in earnings season
The savage market reaction to a number of startling share downgrades this week is a reminder that hefty price gains may not reflect earnings prospects.
How to get one of 7000 first home grants
Those eligible can purchase with as little as 5 per cent of the property’s value, saving up to $26,000 in not buying insurance, but it's 'complicated’.
Reforms must take into account economic wellbeing
As we implement the wave of reforms flowing from the royal commission, it's important to ensure the health of the economic system.
Hayne's shock treatment worked
The royal commission was designed to shock the entire financial services system into change. It was brutal, but it delivered.
Perth energy firm SSE ‘on course’ to deliver targets
Perth-based energy giant SSE said it expected to meet its full year targets yesterday despite its renewable energy output falling 5% behind forecasts for the first nine months of the year.
Budget 2020: Why focus on wealth creation is good news for Indian economy
The Economic Survey 2019-20 has managed to hit the bullseye by focusing on wealth creation. It now remains to be seen whether the government provides the tools and environment required for the same.
Three new tech execs join WA's govt-wide digital office
Including the state’s first-ever digital chief.
Domino's wants software development classed as a manufacturing industry
Warns Australian tech job market is getting dysfunctional, again.
Apple supplier LG Display posts fourth quarterly loss in a row
Loss smaller than expected.
USD/CAD eases from tops, still well bid near 200-DMA post-US/Canadian data
The USD/CAD pair trimmed a part of its early gains to seven-week tops, albeit still managed to hold with modest daily gains above the 1.3200 mark post
Canada: Real GDP edged up 0.1% in November vs. 0% expected
The real Gross Domestic Product (GDP) expanded by 0.1% on a monthly basis in November following October's 0.1% contraction, the data published by Stat
NZD/USD finds support near 0.6450, stages modest recovery
The NZD/USD pair closed the fifth straight trading day in the negative territory on Thursday and extended its slide on Friday to touch its lowest leve
US: Annual core PCE Price Index ticked up to 1.6% in December as expected
Inflation in the United States, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose 0.3% on a monthly basis in December follo
Lavender Economic Survey says growth has bottomed out, pegs GDP for FY21 at 6-6.5%
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
Long queues return to banking halls, as customers avoid new ATM withdrawal limits
Customers of various banks now prefer to withdraw cash over the counter in the banking hall to using Automated Teller Machines (ATM).
Are You Ready to Serve on a Board?
Five skills you need, and how to build them.
A New Model for Crowdsourcing Innovation
Make sure participants deliver ideas — and a business plan.
Economic Survey 2020: GDP Growth Projected At 6-6.5 Per Cent In FY21; Growth Resurgence From Second Half Of FY20
The Economic Survey 2019-20 was tabled by Finance Minister Nirmala Sitharaman in the parliament today (31 January). The survey projects the Indian Economy to grow at a rate of 6 to 6.5 per cent in the upcoming Financial Year 2020-21.
Passenger service still active despite technical hitch - Deputy Railway Director
news, story, article
We will replace one district, one factory with staple processing zones - Mahama
news, story, article
Apple Chipmaker Says Supply Not Affected By Coronavirus
One of Apple's chipmakers, TMSC, insists it is business as usual despite the coronavirus disrupting supply chains.
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations, Business Insider - Business Insider Singapore
Business Insider - The company previously touted $1 trillion valuations in September 2018 and July 2019, though the milestones were quickly lost as shares tumbled.. Read more at businessinsider.sg
Buzzy primary care company One Medica just popped in its stock market debut after raising $245 million in its IPO, Business Insider - Business Insider Singapore
Business Insider - One Medical is set to start trading Friday under the ticker "ONEM." One Medical was founded on the idea of making it easier to get medical care.. Read more at businessinsider.sg
Chinese firm applies for construction of 840MW Ayago dam
Kampala, Uganda | THE INDEPENDENT | A Chinese company Power China International Group Limited has submitted an application to construct the 840 Mega Watts Ayago hydropower plant on River Nile. According to the Uganda Gazette this week, the company seeks a license for generation and sale of electricity from Ayago dam on River Nile in Kiryandongo …
Statistics Canada says GDP edged up 0.1 per cent in November
OTTAWA — Statistics Canada says real gross domestic product edged up 0.1 per cent in November, reversing most of the decline experienced in October.
Non-cash payments under I-T Act: 7 electronic modes get CBDT nod
BHIM, UPI, debit/credit cardsand net banking make the cut
DHFL account classified as ‘red-flagged’ by State Bank of India
State Bank of India has classified the Dewan Housing Finance Corporation Ltd (DHFL) account as a red-flagged account (RFA) and said it would scrutinise the home loan pools purchased from the trouble
Hindustan Unilever Q3: Steady performance amidst the slowdown
Despite the ongoing consumption slowdown, Hindustan Unilever has been able to maintain the same 5 per cent year-on-year growth in volumes in each of the last three quarters. It has been able to hold v
Portal Leisure Centre fails to boost town centre footfall as empty shops pile up
Retail vacancy rates above the national average, new report shows.
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $US1 trillion for the first time since July.
Volatility In SmileDirectClub Likely To Continue So Waiting To Buy May Be Best
SmileDirectClub, Inc went public in September 2019 as a unicorn, being valued at over $5B.While margins are showing improvement, net margin is still negative mainly due to high customer acquisition co
General Electric Slams It Out Of The Park
Contrary to fears from many market participants, General Electric appears to be turning a corner.The company's latest release reveals strong performance when it comes to cash flow and good results mov
3 Straight Quarters Of 2%, And Yet Each One Very Different
For the year, the Bureau of Economic Analysis (BEA) puts total real output at $19.07 trillion, or annual growth of 2.33% and down from 2.93% in 2018.Imports are down so sharply because the domestic pa
Stryker Humming Along, But Seems To Be Straining The Sell-Side
Stryker's fourth quarter was operationally excellent but more mixed next to ever-higher Street expectations.Mako continues to drive impressive growth in knees, and I expected a better year from the sp
NSW strikes ‘landmark’ energy deal with Federal Government, Greens call it ‘climate criminality’
A "landmark" agreement between the Morrison and Berejiklian governments that will see more than $2 billion invested into a new gas-fuelled energy deal has A "landmark" agreement between the Morrison and Berejiklian governments that will see more than $2 billion invested into a new gas-fuelled energy deal has been slammed as "climate criminality" by the Greens.
Supreme Court business rates hearing on ATM charges to be heard on Budget day
It comes on March 11, the day the Chancellor will unveil plans to help the high street.
50 million locked down
Carrying permits demanding “fast passage,” truck drivers rushed a 560-ton shipment of disinfectant from eastern China to Wuhan, the locked-down city of 11 million people at the centre of a vast effort to contain a new viral disease.
Vrenetic will distribute its livestreaming apps in China
Vrenetic said that it will distribute its livestreaming apps in China as part of an effort to expand its market reach with new Chinese partners.
Understanding ‘Thalinomics’, or the economics of a plate of food in India
Analysing this data, the survey found that since 2015-16, there was a change in the dynamics of ‘thali’ prices.
Bank strike paralyses work
Bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted work in the erstwhile composite Khammam district on Friday, the first day of the two-d
Quality rice through PDS from April 1
Chief Minister Y.S. Jagan Mohan Reddy has directed the officials of the Department of Consumer Affairs, Food and Civil Supplies to supply quality rice in packets under the Public Distribution System (
Security Token: MERJ Exchange to List Tokenized Offering of Collectible Cars
MERJ Exchange, the official stock exchange of Seychelles and a marketplace seeking to leverage digital security offerings, has partnered with Liechtenstein-base
Citi Unveils Digital Investment Platform “Citi Wealth Builder”
Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfo
Call for ‘vacancy control’ to curb Vancouver rental rates
Housing advocates are concerned that the trend toward jacking up rents once units vacate will result in further displacement
Lebanon central bank chief says $1bn sent abroad
Protesters have accused bankers of complicity with the political class and suspect politicians of transferring funds abroad despite the restrictions and a prolonged local bank closure when protests first broke out.
Release contaminated Fukushima water into sea: Japan panel
The TEPCO-operated nuclear plant suffered a meltdown in 2011 after it was hit by an earthquake-triggered tsunami.
SAMA launches licenses for non-bank financial institutions
The SAMA has licensed the Saudi Digital Payments Company (STCPay) as an Electronic Wallet Company, and GEIDEA Technology Company as a payment services company following the success of the trial period in an experimental environment.
ExxonMobil and Chevron report fourth-quarter earnings declines
US oil majors knocked by tighter margins, chemicals weakness and writedowns
Woodford Income Focus fund to reopen in February
£268m fund was frozen in October after stockpicker’s business imploded
CFTC Chairman: We Could See Ethereum Futures Launching Soon
Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert. Furthermore, he
Markets Recoil as Economic Survey Stokes Fiscal Slippage Fears
The 30-share BSE Sensex closed 190.33 points, or 0.47 per cent, lower at 40,723.49. Likewise, the broader NSE Nifty shed 73.70 points, or 0.61 per cent, to finish at 11,962.10.
Amazon Makes Fresh Pitch to Continue Improving Customer, Seller Experience
Since its arrival in India in 2013, Amazon has created over 700,000 direct and indirect jobs and announced plans to create additional one million jobs in India by 2025.
Govt Revises GDP Growth For 2018-19 to 6.1 Per Cent From 6.8 Per Cent
Earlier in the day, the Economic Survey presented by chief economic advisor (CEA) Krishnamurthy Subramanian projected revival of economic growth to 6-6.5 per cent in the next fiscal starting April 1, 2020.
How are UK businesses coping with Brexit uncertainty?
Two businesses, two very different perspectives on how to cope with the lack of clarity around the EU-UK's future trading relationship.
Visa’s X-Border Investment Leads Week Of B2B Funding
Visa's investment in Currencycloud leads this week's B2B FinTech investment roundup, with other investors targeting logistics and blockchain startups.
Smoothing Bumpy Cash Flow For Small Town Governments
Springbrook discusses the cash flow challenges of local governments prioritizing timely supplier payments and budget transparency.
The Vendor’s Role In AP Automation Adoption
Hyland discusses the changing motivations behind accounts payable (AP) automation technologies' adoption, and the role of vendor collaboration in modernization.
These All Ords shares were sold off in January: Time to buy?
Kogan.com Ltd (ASX:KGN) and these All Ordinaries shares were sold off in January. Is this a buying opportunity?
Here’s what the P/E Ratio really tells us about an ASX share
Do you know what an ASX share's P/E ratio really tells us? The answer might surprise you!
Amazon shares surge on strong earnings update
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations.
ISRO readying for low cost satellite launch vehicles
ISRO has earmarked $1,600 million for launch vehicles, of which $870 million will be for PSLV and the remaining for Geosynchronous Satellite Launch Vehicle, he revealed. ISRO has planned some 500 Polar Satellite Launch Vehicle launches in the next five years. The Government Owned Contractor Operated (GOCO) model is picking up very well in the space and defence sectors.
Fiscal deficit target may be relaxed to arrest declining growth: Economic Survey
The Medium Term Fiscal Policy (MTFP) statement presented with the Budget 2019-20, pegged the fiscal deficit target for 2019-20 at 3.3 per cent of gross domestic product (GDP), which was further expected to follow a gradual path of reduction and attain the targeted level of 3 per cent of GDP in 2020-21, and continue at the same level in 2021-22.
Jakarta stock index slips 1.5 percent as Wuhan virus spreads
The JCI concluded morning trade at 5,966.87 before lunch break, breaking below the 6,000 level for the first time this year.
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
"If trade negotiations fail and the UK ends up with a delayed hard exit we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," said one analyst.
Farmers stuck with pineapples as prices drop to Shs 700
agriculture
India's share in global commercial services exports up at 3.5 per cent
According to the economic survey tabled by finance minister Nirmala Sitaraman, the service sector acounts for 55 per cent of economic growth
Economic Survey calls for USD 1.4 trillion spending on infrastructure
Finance minister notes that investment in infrastructure is necessary, as it affects the overall growth
Retail, residential sectors under reporting season spotlight
Performance of the retail and residential owners and developers will be under the spotlight in the upcoming earnings reporting season.
It's official: too much banking is bad for you
The "financialisation" of an economy can exacerbate inequality, and undermine stability.
Greed, hubris and weak regulation: A year on from the Hayne royal commission, has anything changed?
The banking royal commission was badly needed, but it never went far enough. It was too short, and the terms of reference missed some critical areas.
'Not being used properly': MYOB, Xero look to invoice finance amid supply chain scrutiny
The industry built around speeding up payment times for small business looks set to grow.
Treasury Wine Estates shareholders back company's US presence
Long-term Treasury Wine Estates shareholder Tribeca wants the company to maintain a presence in the US but would like to see its commercial business divested.
We are comfortable buying retail: Newmark plays against flow
Property fund veteran and former Hawthorn footballer Chris Langford is playing against the real estate flow and buying retail assets.
Hong Kong’s disruption is Sydney’s opportunity
Hot Property
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
Amazon set to blow past a $1 trillion valuation after topping analysts’ earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $1 trillion for the first time since July.
China virus may cause delays of anti-pollution equipment retrofits on ships
TOKYO/SINGAPORE (Reuters) - Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on Friday.
UK Bankers Would Like a Lie-In in the Mornings
People who make their money from other people losing theirs would like to be allowed to do so during more sociable hours, with those who ply trades on the UK's stock exchanges petitioning for a later start to their working days.
What Are Open Innovation Companies Really Looking For?
A longterm relationship with product developers who take the time to understand their business.
US consumer spending cooled last month, core prices picked up
Income growth in the US slowed to 0.2%.
Amazon set to break record for one-day gain in market cap
Amazon could set a new mark for the biggest single-day gain on record for a US company.
As we head out, can you cash in? Old 50p coins marking Britain JOINING the EU can sell for up to £100 thanks to Brexit
Since the 1970s, the Royal Mint has released a number of seven sided coins marking our membership in the bloc. One of them from 1992 is rare and worth a mint.
Realtors expect debt restructuring up to Rs 1 trn, tax sops for homebuyers
He said loans up to Rs 1 trillion are required to be restructured in view of liquidity crunch faced by builders
Economic Survey's GDP growth forecast for FY20 wide off projection
It is for the second consecutive time that NSO's GDP estimate is significantly lower than the projection made in the survey prepared by the finance ministry
ITC Q3 net profit rises 29% to Rs 4,047.87 cr; net sales up 5.71%
The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal
Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain
Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper
Non-food credit growth slides to 7% in Dec 19 from 12.8% a year ago
All four categories - agriculture, industry, services and retail - segments showed deceleration in credit growth
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
Pricing Your Apartment in a Slow Market
For sellers with high hopes, the reality of the current market can be deflating.
Phone Hacks Can Happen to Anyone. Here’s How to Protect Yourself.
Start by knowing what could expose you to an attack, like vacation clues, hotel Wi-Fi and inadequate verification procedures.
Economic Survey: Wilful defaulters owe Rs 1.4 trillion to lenders
The Economic Survey, tabled in the parliament on Friday, has revealed that the wilful defaulters owe a whopping sum Rs 1.4 lakh crore. As of 2018, wilful defaulters owed their respective lenders
Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Economic Survey 2020 calls for better efficiency at public sector banks
For FY19, PSBs had made a collective loss of Rs 66,000.
GDP growth expected to strongly rebound to 6-6.5% in FY21: Economic Survey
India's economic growth is expected to "strongly rebound" to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms.
85% of Older Adults Are Setting Themselves Up to Fail in Retirement
Retirement could be a challenging time for the majority of older Americans -- but it is possible to change course.
Statistics Canada says GDP edged up 0.1 per cent in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Zombies and Bears Beware, BABA Stock Will Defeat You!
Waiting on a healthier pullback in BABA stock is advised in order to avoid the headlines ailing today’s market.
Play Casino Stocks with a Bearish Put on Las Vegas Sands
My indicators turned bearish last Friday, and I am recommending a bearish put option on Las Vegas Sands Corp. (NYSE:LVS).
Earnings Look Good Enough for PayPal Stock
PayPal stock is down modestly after its Q4 report, due to perceptions that its guidance was soft. But its guidance actually looks solid.
How to Trade Boeing Stock After Its Nasty Earnings Report
Boeing's earnings were abysmal thanks to the grounded 737 Max, but the stock shrugged it off. Here's how to trade BA stock moving forward.
United Airlines Stock Is Poised for Lift Off After Encountering Turbulence
The selling in United Airlines stock has gotten overdone on coronavirus fears. The company has limited exposure and is primed for a rally.
Top Web Development Companies To Seek In 2020 For Startups
2020 is going to be a competitive year especially for business people. A large number of startups and small businesses are outsourcing their projects to the...
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
Apple supplier Japan Display secures $936M bailout from Ichigo
Japan Display has been given a much-needed bailout, agreeing on Friday to an investment of up to 100.8 billion yen ($926 million) from Ichigo Asset Management, funds that will help keep the beleaguered Apple supplier in operation.
Hawaiian Airlines posts earnings jump while keeping eye on China virus | Honolulu Star-Advertiser
Hawaiian Airlines’ earnings soared 57.2% in the fourth quarter despite increased capacity that included additional competition from newcomer Southwest Airlines.
Chevron posts steepest loss in a decade after gas writedown
Chevron Corp. posted its biggest loss in a decade after it wrote down the value of North American natural gas fields and returns plunged from overseas refining and oil production.
Wall Street opens in red as coronavirus headlines continue to dominate
Wall Street's n indexes started the last day of January in the negative territory as investors continue to react to heightened concerns over the coron
EUR/USD clinches weekly highs above 1.1050
The buying pressure around the shared currency is now picking up extra pace and lifting EUR/USD to fresh weekly tops above 1.1050. EUR/USD in multi-da
Take Profit on USDCAD Long – TDS
Following Friday’s release of the Canadian monthly GDP growth figures, Mazen Issa, Senior FX Strategist at TD Securities (TDS), suggests taking profit
Neither icing nor a cake – Rabobank
Analysts at Rabobank offered a review of Friday's Eurozone GDP figures, which showed that the economy grew by 0.1% q-o-q in the fourth quarter of 2019
November GDP beats expectations, but... – RBC
According to Josh Nye, Senior Economist at Royal Bank of Canada (RBC) Economics, a modest upside surprise in November GDP does little to change the na
WTI drops below $52.00 and challenges 2020 lows
Prices of the barrel of WTI are losing further ground at the end of the week and are trading at shouting distance from yearly lows in sub-$52.00 level
Gold steadies around $1,580, looks to post highest monthly close since April 2013
After closing the previous day with small losses near $1,570, the XAU/USD pair edged higher on Friday and remains on track to register its highest mon
FG targets $150 billion revenue from Zero-oil plan
FG has disclosed that it is targeting additional $150 billion to the foreign reserves in the next 10 years through its zero-oil plan.
Telecoms operators fined N2.9 billion over infractions
Four major telecommunications companies in Nigeria have been fined for various actions that contravene the rules and regulations of the NCC.
Fidelity Bank reports a 28.5% increase in profit for FY 2019
Earlier today, Fidelity Bank Plc announced its unaudited financial reports for the period ended December 31st, 2019.
Amazon's Jeff Bezos, already the wealthiest person on the planet, just got billions richer
Jeff Bezos, the world's richest person, got billions richer in minutes Thursday as Amazon shares soared in extended trading on news of a killer quarter driven by strong holiday sales.
As cities grow, the Internet of Things can help us get on top of the waste crisis
Total global waste is expected to double from nearly 2 billion tonnes in 2016 to an estimated 4 billion tonnes by 2050 as consumer-oriented urban populations grow. As population growth increases consumption ...
Researchers look at novel methods to enhance battery performance
Researchers at Penn State are looking at innovative ways to improve energy storage in an effort to better utilize renewable energy technologies.
Cases Involving Rs 1.58 Lakh Crore Resolved By IBC Till December; Resolution Time Slashed By 340 Per Cent
The Insolvency and Bankruptcy Code (IBC) has resolved cases worth Rs 1.58 lakh crore till December 2019 and the resolution time for each case has reduced from 4.3 years to less that a year, the Economic Survey 2019-20 has noted [PDF].
Wipro CEO And MD Abidali Z Neemuchwala To Step Down Due To Family Commitment
The Wipro Board of Directors has also initiated a search to identify the next Chief Executive Officer
Books industry needs investors – GPA
news, story, article
Delta's credit card revamp makes its cards better than ever, and you can earn up to 100,000 miles with the current welcome bonuses — but only until April 1, Business Insider - Business Insider Singapore
Business Insider - Delta revamped its lineup of co-branded Amex credit cards, and you can currently earn up to 100,000 miles with the limited-time welcome bonuses.. Read more at businessinsider.sg
9 business moguls on how to break into a new industry and make it to the top, Business Insider - Business Insider Singapore
Business Insider - "I lost about $20,000 until I turned a corner. I didn't change anything or get smarter — I just got better by showing up every day.". Read more at businessinsider.sg
The 10 most dangerous US states to work in, Business Insider - Business Insider Singapore
Business Insider - Some states have more dangerous jobs than others. We took a look at fatal workplace injury rates across the US.. Read more at businessinsider.sg
Shell and TransDiesel to Partner in NZ
31 January 2020
A positive, but cautious outlook for M&A activity in 2020
After recent surges in activity in 2018 and 2019, New Zealand’s M&A activity is expected to slow down in 2020, with processes taking longer, and some deals failing to complete.
Spread some of the infrastructure spending wider
An increase in central government’s contribution to local authority roading costs should be a priority for some of the $4 billion in unallocated infrastructure spending the Government still has up its sleeve, Federated Farmers says.
A little-known trucking company surges nearly 58% after Volkswagen makes a surprise offer to buy
Hardly a household name, truck manufacturer Navistar’s stock rose to sudden popularity Thursday, continuing into Friday’s pre-market trading. Shares surged as much as 57.7% Friday after Volkswagen’s trucking arm, Traton, made an unsolicited offer to buy the company for $US2.9 billion, or $US35 per share, Thursday. Volkswagen, which already owns a 16.76% stake in Navistar, said it would pay entirely in cash. The two companies are some of the biggest in the truck-making industry. But to make the acquisition, Volkswagen will have to get the blessing of activist investor Carl Icahn: The billionaire’s fund owns about 17% of Navistar’s outstanding stock, making Icahn Navistar’s single largest shareholder. The offer comes at a time when the broader trucking manufacturing industry is in a slump, with new orders in decline, The Wall Street Journal previously reported. In its most recent earnings, Navistar’s fourth quarter revenue declined versus the year prior. The stock started the year sliding downwards after it trailed…
Swiping their way higher: Visa, Mastercard could be the next US$1 trillion companies
Tech and internet titans were the first to reach US$1 trillion in stock market value, but the next U.S. companies that could do so are better ...
China banks borrow from SARS playbook in preparation for market reopening
SHANGHAI: Chinese financial firms will deploy measures used during the SARS outbreak nearly two decades ago to combat the new virus when markets ...
Hitachi makes US$5 billion offer for full control of industrial gear unit
Hitachi Ltd said on Friday it would spend 531.1 billion yen (US$4.84 billion) to take full control of industrial equipment unit Hitachi ...
GE Keeps Proving The Doubters Wrong
GE posted better than expected earnings and cash flow in the fourth quarter of 2019. Management expects free cash flow to rise to between $2 billion and $4 billion in 2020, despite headwinds from asse
Ziopharm Stands Out, But Still Riskier Than Cellectis
Ziopharm’s TCR approach targets solid tumors by recognizing neoantigens unique to each patient's cancer.The Sleeping Beauty solid tumor treatment is still autologous and doesn’t address cost issues pl
Agricultural Commodities May Be Misreading The Coronavirus
Agricultural commodities are selling off due to poorer-than-expected import quotas regarding the U.S-China trade deal.China and India have skyrocketing food prices that will likely only accelerate hig
Lipper U.S. Weekly FundFlows Insight Report: Funds Suffer Net Outflows For The First Week In Six
Money market funds suffered net outflows of $11.6 billion.Fixed income funds took in $6.1 billion of net new money.Equity funds had net negative flows of $6.6 billion.
Spread some of the infrastructure spending wider, Feds urges
An increase in central government’s contribution to local authority roading costs should be a priority for some of the $4 billion in unallocated infrastructure spending the Government still has up its sleeve, Federated Farmers says.
Nevada Copper chooses Redpath to enhance production at US mine
Nevada Copper has selected mining contractor Redpath USA to implement its ramp-up strategy for its 100%-owned Pumpkin Hollow project in Nevada, the US.
India bans export of all kinds of respiratory masks
The move assumes significance as there could be a spurt in demand for personal protection equipments due to coronavirus outbreak.DGFT also bans imports of stock lot papers
Role of IR professionals more challenging, says N. Srinivasan
“You should have empathy, be fair and transparent in your approach and must earn the trust and confidence of trade unions and workforce.”
Focus on development of municipality: Harish Rao
‘Any laxity on the part of officials will not be tolerated’
Canada’s economy bucks forecasts, posts surprise gain
Statistics Canada says GDP grew by 0.1 per cent in November despite impact of rail strike, pipeline disruption; economists had expected no increase for the month
Ukraine court puts freeze on Ferrexpo unit's shareholding – media
Ferrexpo's operations remain unaffected and continue as normal.
Egypt's population nears 100 million, putting pressure on resources and jobs
Sitting in her sister's apartment on a noisy Cairo street, Rania Sayed one day hopes to leave a city that is becoming more congested as Egypt's population ticks up to 100 million, a milestone it will pass next month. Like many others, she wants to move to one of the new satellite settlements
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency
AP Automation, Virtual Cards And Accounting Nirvana
More and more companies are choosing to automate and digitize troublesome elements of the business payments matrix.
Deep Dive: Giving ATMs Next-Gen Upgrades For Security, Cardless Functionality And More
This Deep Dive examines how next-generation ATMs are boosting customers' experiences and helping brick-and-mortar financial institutions (FIs) remain current.
Core Sector Growth Recovers To 1.3% In December
The growth was, however, lower than 2.1 percent recorded in December 2018.
Ferry contract awarded to Polish shipbuilder that built Salish-class vessels
B.C. Ferries has awarded Remontowa Shipbuilding of Gdansk, Poland, a $92.3-million contract to build an additional liquefied natural gas-fuelled ferry to be delivered in 2022.The new vessel, which . . .
Survey suggests scrapping of 'anachronistic' Essential Commodites Act 1955
"As the conviction rate, however, is abysmally low and raids have no impact on prices, the ECA only seems to enable rent-seeking and harassment. The Survey provides clear evidence that the case for jettisoning this anachronistic legislation is strong," the document said.
India on track to meet NDC goals under Paris Agreement: Survey
Swachh Bharat Mission (Urban) was launched in 2014 with twin objectives of ensuring 100 per cent scientific solid waste management and making urban India open defecation free (ODF) to achieve total environmental improvement, the Finance Ministry said in a release.
Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
The corporate tax cut announced by FM last Sept will benefit less than 1 pc of firms, as per Economic Survey.
Global thermal coal prices to fall following coronavirus outburst in China
Thermal coal imports into China are also likely to slow for a time. Already there are reports of Indonesian coal producers being asked to delay loadings. As the largest supplier of coal to China, Indonesia has the most to lose if the situation worsens and electricity demand weakens.
WWE stock plunges after Vince McMahon ousts top execs
WWE shares plunged off the top rope Friday after head honcho Vince McMahon booted two longtime executives at the pro wrestling giant. The firm’s stock tumbled 21.5 percent to $48.88 — its
Slowdown bottomed out, GDP expected to grow at 6.5 per cent: Chief Economic Adviser
The Economic Survey has projected the GDP to expand by 6-6.5 per cent
9 business moguls on how to break into a new industry and make it to the top
Looking to blaze into a new industry? We asked some of the world’s smartest business people and Advisors in The Oracles for their best tips for breaking into a new field, from tech to real estate to day trading.
Exclusive: Japan's Nidec bets on electric cars and acquisitions to treble sales: sources
TOKYO (Reuters) - Japan’s Nidec Corp (6594.T) plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.
Egypt's population nears 100 million, putting pressure on resources and jobs
CAIRO (Reuters) - Sitting in her sister’s apartment on a noisy Cairo street, Rania Sayed one day hopes to leave a city that is becoming more congested as Egypt’s population ticks up to 100 million, a milestone it will pass next month.
Wars and viruses: Are robots less prone to market panic?
LONDON (Reuters) - Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
Steel & Tube expecting large first half loss
One of the the country's largest steel manufacturers says adverse trading conditions will result in a large first half loss. Steel & Tube warned in November that its first half result would be less than last year's profit, but conditions were worse than expected, further impacting sales revenue and volumes. It was now forecasting a loss in underlying EBIT (earnings before interest and tax) of between $36 million and $37m in the six months to December, compared with a $9.8m underlying profit the year earlier. The result included non-cash charges of $37m related to a write-down in the company's goodwill, as well as $2m in restructuring costs and $2m in debt write-offs. The bottom line would be further affected by another $2m to $3m charge resulting from changes in tax accounting.
Consumers relatively upbeat in latest confidence index
Low interest rates and a stronger housing market are keeping consumers relatively buoyant. The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 123 in January, sitting around its best level in more than a year. Consumers were slightly less optimistic about their current position but are slightly more upbeat about the longer term, and more think it's a good time to buy a big-ticket item. "New Zealand consumers are feeling pretty alright about things at the moment - the labour market remains tight, interest rates are low and the housing market is lifting again," ANZ's chief economist Sharon Zollner said. She said the lift in the housing market was likely behind the rise in those thinking its a good time to buy a major household item, which in turn would support the retail sector.
Credit rating agency S&P expected to keep Turkey's outlook unchanged
The U.S.-based international credit rating agency Standard & Poor's S&P is expected to keep Turkey's credit ratings and the overall outlook...
Turkey, Lithuania ink economic protocol for greater trade, investment ties
Turkey and Lithuania on Friday signed a protocol for the Economic and Trade Committee JETCO that will pave the way for further expansion of bilateral...
Turkey's 2-year benchmark bond yield drops to single digits
The two-year benchmark bond yield has fallen to single digits for the first time since November 2016
CBOT Trends - Corn, soybeans, wheat steady-down 2 cents per bushel
CHICAGO, Jan 31 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.WHEAT - Steady to down 2 cents per bushel* Wheat futures mostly lower on risk-off trading ahead of the weekend.* Most-active CBOT March soft red winter wheat futures contract hit resistance at its 20-day moving average during overnight trading session. Consolidation was noted at the 30-day moving average.
GDP growth for 2018-’19 revised downwards to 6.1%
Earlier it was estimated to be 6.8%. However, slowdown in mining, manufacturing and farm sectors forced the National Statistical Office to change the figures.
Municipalities approve Eneco takeover by Mitsubishi despite WWII history
A majority of Eneco's shareholders approved the sale of the energy company to Japanese companies Mitsubishi and Chubu. Now that the municipality of Rotterdam has given the green light, the holders of
Coronavirus Outbreak Sends European Stock Markets Into Tailspin
On Monday, US stocks posted their biggest downturn since October 2019 due to fears of the economic impacts of the new SARS-related virus that recently emerged in central China.
Will house prices drop after Brexit?
What will the impact be?
Cosatu to present R254bn Eskom rescue plan
The plan could reduce Eskom's debt by more than half.
Caterpillar’s 2020 outlook adds more gloom to virus-shaken markets
The outlook signals headwinds for machine sales, which fell the most in nearly three years in December.
Tongaat shares back to JSE trading on Monday
It suspended trading on June 10 after revelations of accounting irregularities that saw its share plummet some 75% last year.
Market watch: KSE-100 falls 273 points owing to global sell-off
Benchmark index decreases 0.65% to settle at 41,630.93
Framlab proposes modular vertical farms for Brooklyn neighbourhoods
Creative agency Framlab has proposed building modular vertical farms in Brooklyn to provide low-income neighbourhoods with access to fresh produce.
Dow plunges 500 points amid coronavirus fears after outbreak is declared a global health emergency and death toll reaches 213
The World Health Organization declared the epidemic a global emergency on Thursday after the fast-spreading virus killed more than 200 people in China and infected thousands.
How to file and pay your taxes online
Pay your taxes and get your refund asap
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
Crystal gazing the budget announcements from Economic Survey
Here's what to expect in the budget on Saturday or by way of policy pronouncements subsequent to the budget
Economic Survey: Building blocks for 'wealth creation' and $5-trn economy
Here is a snapshot of some of the 'new ideas' for the economy that the Survey focuses on
Crisis-hit Thyssenkrupp mulls sale of elevators units worth 15 billion euro
According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
Using pension funds to boost Eskom is our red line, says Solidarity
Trade union Solidarity said it was mandated to protect worker's pension money and it would "strongly oppose" any attempts ...
NCG joins Northern Powerhouse Partner Programme
'Realising the potential of the North through investment in skills is a huge opportunity – and NCG will lead the way'
Startup India sees growth; Maha, Karnataka lead the race
The startup ecosystem in the country has seen an uptick in growth in the past few years, with a push from the Startup India initiative launched in August 2015. The Economic Survey said that startups
Pre Budget Expectations by HDFC Securities
HDFC Securities The Govt needs to give a serious push to improve the business environment.
68% of Middle-Aged and Older Workers Share This Retirement-Planning Regret
Here's a chance to learn a valuable lesson.
Enbridge faces regulators in Canada, U.S. over plans to expand oil pipeline network
Enbridge faces off with regulators in Minnesota over Line 3 just as it grapples with complaints over changes to overhaul its Mainline
HBC board unanimously backs Baker offer in amended and stated circular
The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
Coronavirus outbreak highlights need for travel insurance: expert
Travellers are being advised to confirm their insurance details before flying abroad as airlines around the world halt travel to China amid the coronavirus outbreak.
Coca-Cola Is the Most Conservative Investment You Can Make
Coca-Cola stock was a star in the January market, but don't be fooled. This is a slow-growing dividend aristocrat.
Pinterest Stock Should Spark Investors’ Interest With This New Feature
Pinterest just introduced “Try On,” the companies spin on augmented reality. What does this mean for Pinterest stock?
Better borrowing: Expert advice for avoiding problem debt
In association with the Insolvency Service of Ireland
Earn up to 100,000 miles on these new limited-time offers from Delta
Delta has just launched a new limited-time offer on four of its consumer credit cards that can earn flyers up to 100,000 miles.
US stocks fall amid virus fears despite Amazon surge
NEW YORK, Jan 31 — Wall Street stocks dropped early today amid worries over the coronavirus outbreak and despite a blowout Amazon earnings report that lifted the e-commerce giant’s value back above US$1 trillion (RM4.1 trillion). Britain confirmed its first cases of the virus, the US upgraded...
Consumer Sentiment Jumps Higher
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation. | Economy
Apple suppliers mixed over threat from China's Coronavirus
Supply chain sources say that while fabrication firms TSMC and UMC report no change in operations, Taiwanese chip design firms are expecting an impact on demand because of the Coronavirus.
Lcal digital spending to grow 2.7 times in a market worth US$9.1 bil locally
KUALA LUMPUR: Digital spending in Malaysia is expected to grow 2.7 times in 2025 in a market estimated to be worth US$9.1 billion.
Manage buy-to-rent risks
The current buyers’ market offers a good opportunity for investors looking for properties to rent out, especially with the prospect of a potential rental-growth recovery in the latter part of 2020.
Critical infrastructure: Enugu govt approves over N2.5 billion
In continuation with its renewed efforts to provide more critical infrastructure in the state, the administration of Governor Ifeanyi
Osun govt. to restrict cattle grazing to farm settlements
Osun Commissioner for Agriculture and Food Security, has assured farmers that the state government will restrict open grazing
China auto sector braces, hopes coronavirus impact is short-lived
SHANGHAI/BEIJING (Reuters) - The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic buttons as ground could be made up later in the year, industry executives said. Dongfeng Motor Group and its partners Honda Motor, Renault and PSA all have factories there. "We expect (China) vehicle production to decline 3% for the full year, with production down 15% in the first quarter, including the extended new year s
US: UoM Consumer Confidence rose to 99.8 in January from 99.3 in December
The University of Michigan's Survey of Consumers revealed that the Index of Consumer Sentiment in January improved to 99.8 from 99.3 in December. This
US: Income growth is not what it used to be – Wells Fargo
Data released on Friday in the US showed that personal income rose 0.2% and spending 0.3% in December. Despite a tight labor market, year-over-year re
Arcadia makes supporting clean energy easier
Get a $20 Amazon gift card or 4 standard LED bulbs just by signing up.
Economic Survey Bats For Market Economy, Shows How Government’s Intervention Can Do More Harm Than Good
The Indian state is not only involved in running businesses but also intervenes in markets quite frequently.
Expert: Taxes beat bans for promoting reusable bags
More places are restricting or banning plastic bags at the store. A professor of economics and public policy says taxes better push people to reusable.
HBC board unanimously backs Baker offer in amended and stated circular
TORONTO — The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
Balanced growth is essential for democracy
Economic development is uneven across State lines and social classes. A consensual approach is needed to move India forward
How to improve crop insurance coverage
The Pradhan Mantri Fasal Bima Yojana must undergo a cost-benefit audit and be updated to allow for income stabilisation for farmers
IBM’s new CEO wants India to lead ‘quantum’ race
IIT-Kanpur alumni Arvind Krishna will replace Ginny Rometty as IBM’s Chief Executive Officer, marking the ascendance of another Indian to the top post of one of the largest tech companies in the world
Economic Survey advocates further ‘economic freedom’
While it does makes a case for further reform, it falls short on prescriptions and sector-specific insights
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
American shoppers continued to serve as the engine of the US economy through volatile times last year, fuelling growth even as a global cooldown and trade tensions clouded the outlook. But there are signs that households are starting to pull back on spending.
BOJ warns of cyber-attack vulnerability ahead of Olympic Games
Japan's financial institutions must guard against cyber-attacks ahead of the 2020 Tokyo Olympic Games, with nearly 40per cent of banks and other ...
A Few Short-Term Challenges Don't Cancel Ingersoll-Rand's Strong HVAC Results
Ingersoll-Rand's fourth quarter results were not strong as reported, with a $0.06/share miss at the operating line, but underlying HVAC performance was very good.Thermo King is going through its cycli
PACCAR: Tech Shift Can Prove Lucrative
PACCAR is a leading trucking manufacturer which is working on new technological solutions for the trucking industry.With electric-powered trucks and autonomous driving being all the hype these days, t
Elon Musk is starting to resemble a 'quiet assassin' as the short-seller argument about Tesla disintegrates, an expert says
Tesla has an edge over other automakers in battery technology, charging infrastructure, and autonomous-driving technology, Gene Munster said.
Farmers demand setting up of DPC at Sikkal
RAMANATHAPURAMA section of farmers from Sikkal in Kadaladi union submitted a petition to Collector K. Veera Raghava Rao demanding that a direct purchase centre be opened in the area.They said that far
Two-day cultural extravaganza ‘Namma Madurai’ begins today
Focus of the event will be on cleaning and protecting the Vaigai
Thanjavur-Tiruvarur electrified stretch inspected
K.A. Manoharan, Commissioner of Railway Safety, Southern Circle, Bengaluru, inspected the electrified Thanjavur – Tiruvarur broad gauge section on Friday. He commenced the inspection from Thanjavur tr
Nordea Appoints Virgin Money’s Ian Smith As New CFO & Head of Group Finance
Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money's CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior positions as a banking audit partner and later as Financial Services M&A leader at Deloitte. He also previously served as Director of Group Finance at Lloyds Banking Group plc and
Denmark’s Smart Payment Card Issuer Pleo Introduces New Credit Card by Partnering with Mastercard, JPMorgan
Denmark-headquartered Pleo, a smart payment card issuer, has confirmed that it’s introducing a new credit card by teaming up with Mastercard and J.P. Morgan,
Fintech Become Tops $200 Million in Loans Matched between Online Lenders and SMEs
Become, formerly known as Lending Express, has surpassed $200 million in matching online lending to SMEs in need of growth capital. The news was revealed in a r
A bullish signal for Canada’s banks, the SNC-Lavalin rally isn’t over, and why gold is setting up for a fall
A roundup of investment ideas for active investors
Crisis-hit Thyssenkrupp mulls sale of '15bn euro elevator unit'
Deciding the future of the elevator unit was the group's "top priority", said Merz, aiming to raise billions of euros in fresh capital that could be used across the conglomerate's struggling divisions.
MagicLab billionaire Andreev to launch new mobile app business
Move follows sale of stake in $3bn company to Blackstone
Miners Accumulating Ethereum at a Rapid Rate May Take ETH to Record High
The Ethereum (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market
Gallup: Credit Unions Feel The Love
The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup organization showed. Delving into customer sentiments across measures – including "helps me reach my financial goals" and "puts my financial well-being ahead of the interests of the bank" – Gallup found that credit unions are crushing it. Banks, not nearly as much. Banks did not surpass credit unions in any criterion used by Gallup. In fact, it wasn't even close. Though respondents had generally positive feelings about banks – for example, about financial institutions (FIs) being helpful during difficult life events – the focus on relationship-building and more personalized forms of finance have given credit unions the edge. For those who capitalize on it, the advantage will come in handy as FIs shapeshift their way to greater customer-centricity. How CUs sustain their unique brand of customer loyalty is among the core insights from the latest
How to retire early and still be rich
If you want to retire early in the future but maintain a particular lifestyle, achieving FIRE may not be as difficult as you think...
Osinbajo, LCCI discuss economy, Apapa gridlock, others
The Vice-President, Prof. Yemi Osinbajo, on Friday received a delegation of the Lagos Chamber of Commerce and Industry (LCCI), led by its President, Mrs Toki Mabogunje at the Presidential Villa in Abuja.
Lower Mainland mayors, including Surrey, endorse regional ride-hailing licence
VANCOUVER — Mayors in British Columbia's Lower Mainland have reached an agreement on an interim business licence for ride-hailing companies that want to operate in the region.Surrey Mayor Doug . . .
HUL to increase soap prices by 5-6 pc
According to HUL Chief Financial Officer Srinivas Phatak, prices of palm oil in the last six months have gone up by 25 to 30 per cent. "We would take the prices up in the soap part of our portfolio. We would be looking to price up between 5 to 6 per cent and they would come in a phased manner," Phatak said in a post-earnings conference call.
View: Public sector bank network, a good idea
It is vital for India to swiftly enact the law on data protection, given the kind of data sharing that has been envisaged in the PSBN.
Eco Survey completely disconnected with problems faced by common man: Congress
The Congress slammed the Centre on the Economic Survey saying it is a diverted picture from the reality, accusing the government of "fudging data" and committing a "fraud" as the numbers presented by it are not believable by the world. Congress spokesperson Gaurav Vallabh said the government has not taken any concrete steps to end tax terrorism.
Tech Mahindra to pick 70% stake in Cerium Systems
The cash transaction is expected to close by April 1, 2020.
ITI further extends FPO to Feb 5; issue subscribed 58% so far
Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
Trade setup for Budget day: Nifty has strong support at 11,900, 11,850
On the upside, NSE Nifty has resistance at 12,125 and 12,200 levels.
Takeaway fined for 'lamb' curry which was actually more than half beef
Pasta & Papadums in Briton Ferry was brought before the courts
Bullish for Bitcoin: Mike Novogratz on BTC "Prospects Extremely Strong"
Novogratz became one of the most prominent people to delve into the Bitcoin space, having had a lot of clout on Wall Street.
DAR exceeds 2019 targets in training, supporting farmer beneficiaries
The Department of Agrarian Reform (DAR) trained 467,890 agrarian reform beneficiaries last year, greatly exceeding its targets for the enhancement of their human, financial, and physical capital.
Restless Ivanti Customers Promised More Care, in a Major Shakeup
US-based IT security and service management firm Ivanti is attempting to shake up the company and reconnected with its customers.
Forty temporarily laid off at Cork hotel as doubts raised over long-term future
Staff at the Blarney hotel and golf resort were hoping against hope that the hotel would reopen tomorrow following its regular January closure.
Japan panel recommends ocean release for contaminated Fukushima water
TOKYO (Reuters) - A panel of experts advising Japan’s government on a disposal method for radioactive water from the destroyed Fukushima nuclear plant on Friday recommended releasing it into the ocean, a move likely to alarm neighboring countries.
Global tax rules set for overhaul as states seek to avoid new trade war
PARIS (Reuters) - Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services.
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N) on Friday reported a 5.2% drop in fourth-quarter profit on weaknesses in chemicals and refining and flat oil and gas output, with asset sales helping to stem the decline.
North African countries still have significant wheat needs this year - Transgrains
PARIS, Jan 31 (Reuters) - Algeria needs to buy 1.5 million tonnes of wheat and Morocco 600,000 tonnes in the last three months of the 2019/2020 (July-June) season, which should benefit France, a senior trader familiar with North African markets said on Friday.In addition, Tunisia will probably need to book another 200,000 tonnes, Jean-Philippe Everling, founder and director of Transgrains France in partnership with Italian group Casillo, told the Paris Grain Day conference in Paris.
Russian Journalist Detained in Lithuanian Capital's Airport
VILNIUS (Sputnik) - Correspondent Yulia Shatilova of Russia's Zvezda channel has been detained at the airport in the Lithuanian capital of Vilnius.
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
WARNING: Do not allow babies consume water from Tipperary supply
Irish Water has issued a drinking water restriction notice to Tipperary residents. On the advice of the Health Service Executive, water from the Templetuohy Water Supply Scheme should not be con...
Boris Johnson seems to lets slip HS2 WILL get the green light admitting that the government is 'in a hole' over the £100billion high-speed rail project but will 'keep digging'
Boris Johnson seemed to confirm the go-ahead for the controversial £100billion project in an interview with a 10-year-old on Sky News.
10 promising Italian startups to watch out for in 2020
Besides their great taste in food, style and ice cream, Italians also have an innate sense for starting a business. The Italian government has introduced more than a few initiatives to simplify the challenges that young companies face – in 2012, Italy introduced the ‘Italian Startup Act‘, which brought with it tax incentives for investors, a fast-track visa for entrepreneurs, more relaxed labor regulations, and a simpler registration process for new companies. Startups can also obtain grants or loans from Invitalia, as well as apply for the Italia Startup Visa from the Ministry of Economic Development and Ministry of Foreign Affairs. Hubs like Turin and Rome are gaining traction, and investors are increasingly taking interest in due to a new host of success stories.
Panic in markets: If Coronavirus is not tamed, trade with China may slump
The real impact of trade can be gauged after February 8 when the Chinese New Year holidays end
GST collection crosses Rs 1.1 trn mark in January; in line with the target
In January, domestic GST collection was around Rs 86,453 cr. Around Rs 23,597 cr was collected through IGST and cess
ITC Q3 pre-tax profit rises 4.5% to Rs 5049 cr on hotels, agro businesses
The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments
Economic Survey: Take a cue from China to create 40 million jobs by 2025
Economic Survey: Take a cue from China to create 40 million jobs by 2025 Survey suggests integration of Assembling in India into Make in India
30 years later, Economic Survey lays down the ground for Liberalisation 2.0
Embracing capitalism in a new avatar
Economic Survey backs Temasek-like model proposed for divestment
Survey recommends transferring stake of listed govt firms to a corporate entity
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
Stocks decline as coronavirus keeps traders on edge
Stocks fell broadly Friday, the final day of the month, as traders tried to assess the potential economic impact of China’s fast-spreading coronavirus while weighing earnings from Caterpillar and Amazon.
Economic Survey: India now global leader in monthly data consumption
For the quarter ending June 2019, the price of data was 7.7 per GB as compared to 200 per GB in June 2016. The Average Revenue Per User (ARPU) for GSM-based mobile services has also gone down substantially from 126 in June 2016 to 74.30 in June 2019, said the survey.
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
Consumer price inflation has been witnessing moderation since 2014, however, there has been an "uptick" in the prices of food items, particularly vegetables, owing to output disruptions and low base
Economic slowdown bottomed out, uptick from here onwards: CEA K V Subramanian after Economic Survey
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
Tractor Supply's Shopper Trends Turn Negative
The retailer blamed unusually warm winter weather for a sharp growth slowdown over the holiday season.
These 3 Stocks Are Too Cheap to Pass Up
Who's looking for a deal?
FP Dealmakers: Foreign firms gobbled up record number of Canadian companies in 2019
A number of Canadian companies were bought out by rivals or private equity firms last year
7 European ETFs to Buy as the Continent Begins Its Rebound
European equity markets have long lagged the U.S. But these European ETFs are worth a second look with nice valuations and yields.
How Political Changes Could Impact Walmart Stock
With a high forward P/E, Walmart stock is priced for perfection. Watch out for political changes this year, which may impact shares.
When It Comes To Cannabis Plays, Stay Away From Aurora Stock
Without a clear strategic plan to lower Aurora Cannabis's debt pile, a bet on Aurora stock would be nothing more than a gamble.
5 Stocks Under $5 With Colossal Growth Prospects
While some argue you get what you pay for, others say that stocks to buy trading at low levels can represent compelling opportunities.
Despite Its IPO Success, Peloton Might Just Be a Fitness Fad
Despite its stellar revenue growth, investors should be cautious. Peloton stock might fall prey to new fitness trends or cycling competitors.
Theresa May Has Earned Almost £400,000 Since Quitting As Prime Minister
May will receive a £190,000 “signing bonus” after agreeing a deal with the Washington Speakers Bureau agency last month.
Apple Supplier Japan Display Reaches $930 Million Bailout Agreement With Ichigo
Struggling Apple supplier Japan Display has reached a deal with Ichigo Asset Management to receive up to 100.8 billion yen ($930 million USD) in bailout funding.
Amazon Sees Upgrades All Around Wall Street Following Solid Cash Flow, Operating Income
Web hosting services seller and online retailer Amazon.com, Inc is seeing fresh optimism from Wall Street following strong revenue growth.
Abdul Jalil succeeds Hamzah Bakar as Sapura Energy's chairman
KUALA LUMPUR: Sapura Energy Bhd has appointed Abdul Jalil Abdul Rasheed as its non-independent non-executive chairman, succeeding Datuk Hamzah Bakar, effective February 1.
Business as usual at PBA Holdings despite criminal case on shareholder
GEORGE TOWN: PBA Holdings Bhd (PHB), which owns Penang water supply company Perbadanan Bekalan Air Pulau Pinang (PBAPP) Sdn Bhd, today said the on-going criminal case involving a PHB shareholder has no effect on the standing and operations of the company.
OPEC's oil output in January declined 640K bpd to 28.35 million bpd
The crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) fell 640,000 barrels per day (bpd) in January to 28.35 million bp
USD/CHF slumps to two-week lows near 0.9640
The USD/CHF pair came under renewed bearish pressure in the last hour and slumped to its lowest level since January 16th at 0.9639. As of writing, the
Atlanta Fed's GDPNow stands at 2.7% for first quarter of 2020
The real gross domestic product (GDP) in the United States is expected to expand by 2.7% in the first quarter of 2020, the Federal Reserve Bank of Atl
Can the Fed heavily pressure the USD? – Rabobank
"While the DXY dollar index turned lower following the dovish leaning of the FOMC on January 29, it remains above its January 21 level," note Rabobank
EUR/USD approaches a 1.1100 as the US dollar drops further versus majors
The EUR/USD pair rose further and printed a fresh weekly high at 1.1090. So far today it gained more than fifty pips, having the best daily performanc
NY Fed's GDP Nowcast fell to 1.5% for first quarter of 2020 from 1.7%
"Yesterday’s advance estimate from the Commerce Department of real GDP growth for 2019:Q4 was 2.1%. The latest New York Fed Staff Nowcast was 1.2%," n
Q&A: Why AI is going to become more mainstream for business
The CEO of Yellowfin (BI analytics company) explains that although the adoption of analytics is still low amongst businesses, companies like Yellowfin are helping leaders think differently and make transformational value and change through data.
Rs 7,000 crore worth of transactions hit due to bank strike in Tamil Nadu
All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam told Express that nine lakh cheques worth Rs 7,000 crore in the state could not be processed due to the bank strike.
Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe
Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership...
Economic Survey 2020 Brings Out ‘Thalinomics’ To Quantify What A Common Man Pays For Thali Across India
Thalinomics attempts to answer whether a thali has become more or less affordable.
Economic Survey: ‘Thalinomics’ Reveals How The Cost Of Your Thali Has Come Down Since 2015-16
How the common man’s food affordability has improved since 2015-16.
UP: Lucknow Municipal Corporation Deploys Manhole Cleaning Robot To Eradicate The Practice Of Manual Scavenging
The first of the five robots was deployed by UP Minister Ashutosh Tandon and Lucknow Mayor Sanyukta.
Regional council approves GRT deal, buses will be back on the road Saturday
There has been no bus service for close to two weeks
Survey trusts free markets to create wealth
CEA Krishnamurthy Subramanian suggests many micro solutions for macro problems
Training institutes for drivers, fleet modernisation are need of the hour, says Bhaskar Rao
Bhaskar Rao, Commissioner of Police, Bengaluru City, has said that each State in the country needs a high-quality driver training institute. Delivering his keynote address at ‘Road Ahead’ for the tran
Wipro: A new CEO should go beyond the tried and tested
Wipro on Friday said its CEO & MD has resigned from the company citing family commitments. A statement from the company said the Board of Directors has initiated a search to identify the next
Need new mechanism for revising fuel prices: South India Motor Transport Association
A revision once in three/six months can lift the mood of the transport sector that is battling many challenges, says SIMTA
Privatisation pitch: BPCL’s short-term price rally not a convincing argument
What really matters for long-term wealth creation is true reforms and free market
‘Buying a gun easier than opening a restaurant in Delhi: Chief Economic Advisor’
Analogy given by Chief Economic Advisor for improving the ease of doing business in India
Does Sensex really mirror the economy?
Change in index constituents also influenced by trading volume, market capitalisation
JCB Partners with Oceanpayment for Merchant Acquiring
Hong Kong & Tokyo, Jan 31, 2020 - (ACN Newswire) - JCB International Co., Ltd. ("JCBI"), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Oceanpayment Co., Ltd., China's leading cross-border payment brand, announced that they signed a License Agreement to start JCB merchant acquiring business. In order to strengthen the cooperative relationship, Mr. Hirohiko Sugiyama, Managing Director of JCB International (Asia) Ltd. and Lanny Yang, Co-Founder and EVP of Oceanpayment made greetings in Hong Kong to announce the partnership.
Seagull Centre diverts more waste from landfill
The Seagull Centre in Thames is set to divert more items from going to landfill with its new Resource Recovery Park, which was officially opened today by Thames Ward Councillor Martin Rodley in a ribbon-cutting ceremony.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month as a historically strong labour market helped offset a wave of potential concerns, including the impeachment trial of President Donald Trump and developments abroad.
Cleaner dies after falling through false ceiling at Tampines Mall
SINGAPORE: A cleaner died on Saturday (Jan 25) after falling through a false ceiling at Tampines Mall. The Indian national, who was employed by ...
Vinda International: Favorable Tailwinds Persist
Vinda International recorded its highest quarterly gross margin in history at 36.0% for 4Q2019, largely due to low wood pulp prices.Vinda International's revenue growth slowed in 4Q2019, but the compa
Coronavirus In Context
Experts are projecting that the current outbreak may get worse before it gets better.However, the mortality rate is below that of SARS with the elderly and people with pre-existing conditions being mo
Luckin Coffee Should Perk Up Your Portfolio
Luckin is growing at a breakneck pace.Profitability is on the horizon.The business and growth plan seem solid.The recent price drop provides a good entry point.
Irish Water say Boil Water Notice lifted for the majority of customers in Tallanstown
Irish Water
Seagull Centre diverts more waste from landfill
The Seagull Centre in Thames is set to divert more items from going to landfill with its new Resource Recovery Park, which was officially opened today by Thames Ward Councillor Martin Rodley in a ribbon-cutting ceremony.
Boris Johnson says Government must ‘keep digging’ on HS2
The Prime Minister has given the clearest indication yet that he could be about to back the controversial rail project.
Surrey relents on Uber
Mayors in British Columbia's Lower Mainland have reached an agreement on an interim business licence for ride-hailing companies that want to operate in the region.
Coronavirus: US stocks lose one per cent and Brits land back in UK
Wall Street has now fallen over one per cent as fears over the coronavirus outbreak continue to damage markets around the world.
Verizon outages impact much of North Carolina
According to outage maps on Down Detector, there are widespread service outages for Verizon customers. Some US Cellular customers appear to be experiencing an outage as well.
Worsening locust invasion threatens food security across East Africa
So far just $15 million has been mobilized to help stop the outbreak that threatens to worsen an already poor hunger situation for millions of people in Kenya, Ethiopia, Somalia and elsewhere.
Kodaikanal lake needs a new lease of life
Municipality plans facelift to the waterbody; environmentalists say water pollution should be addressed
TS plans S-Hub with ₹25 cr. seed fund
Incubator to promote start-ups, sanitation and waste water recycling
Economic Survey 2019-20: India can chart China-like export trajectory
It calls for integrating ‘Assemble in India for the world’ into Make-in-India
Economic Survey 2019-20: GDP data accuracy story
The Economic Survey also added that since 10% increase in new firm creation increases district-level GDP growth by 1.8%.
Boris Johnson apparently blurts out 'keep digging' HS2 plan to a 10-year-old
The Prime Minister said of the controversial rail project: "In a hole the size of HS2, the only thing to do is keep digging."
India's annual growth slows to 5% as New Delhi vows revival
India needs to create jobs for the 1.2 million new entrants to the labor market every month but unemployment levels have hit a four-decade high.
Extreme Volatility Inbound: Why Today Is Critical For the Crypto Market
The crypto market has risen over 40% since the start of 2020, thanks to gains from Bitcoin, Ethereum, XRP, and other altcoins.
Nissan calls for clarity over post-Brexit trade deal
Businesses are likely to face significant changes in the way they trade, says chambers of commerce.
Blibli.com Debuts Cashierless Store; Nordstrom Pilots Resale Concept
News: eCommerce merchants are tapping into the world of brick-and-mortar retail by opening cashless and cashierless stores.
Buyer Payments And Seller Payouts In A Changing Sharing Economy
Here's a look at the evolution of buyer payments and seller payouts in the changing sharing economy.
Your guide to the February ASX reporting season
Investors are bracing themselves for what could be a volatile February reporting season. Here are some stocks and secotors you should watch.
Outflows lead to restrictions on Aviva property funds
Investors in two Aviva Life and Pensions commercial property funds have been told they cannot withdraw their money for six months because of recent net outflows.
CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo
The Competition Commission of India has dismissed allegations of unfair business practices against PayU Payments and Wibmo. It was alleged that PayU has intentionally foreclosed the market for other competitors by denying them proper access to Wibmo in the downstream market and has substantially created entry barriers for new market players.
Intel Corp’s legal compliance counsel joins software firm Splunk
Basu started her career as an associate attorney at Ramfry & Sagar and then moved to K&S Partners. In the year 2008, she had joined countrys largest pure-play consumer company Hindustan Unilever as legal a manager from where she moved to GE HealthCare as legal counsel for South Asia in the year 2010.
'Feel good' Budget may see cut in tax rate, sops for social sectors
FM is expected to pull out all stops to spur demand and investment, govt sources and economists said.
Green energy could now be cheaper than fossil fuels thanks to breakthrough
Australia is on fire. Antarctica’s “Doomsday Glacier” is melting. Last year was the second hottest year on record. The six hottest years in all of recorded human history? The last
Managing investment, trade deficit: Are omnibus laws panacea for growth?
Two omnibus laws on job creation and taxation seem to be Jokowi’s new silver bullets to simplify Indonesia’s jungle of red tape. But are these laws the panaceas we have been looking for?
Innovation Can’t Keep the Web Fast
Every so often, the fruits of innovation bear fruit in the form of improvements to the foundational layers of the web. In 2015, HTTP/2 became a published
Work starts on funky shipping container village set to open soon
The containers will be occupied by street food vendors, shops and startups
Mikel Arteta "happy" with Arsenal's January transfer business
The Gunners boss has more options in defence after the club made two signings this week.
Multibillion-dollar tax breaks for movie production are getting bad reviews, and some states are walking out
More and more states and cities are souring on the breaks they gave Hollywood production companies in hopes of becoming movie meccas.
MMDA extends Pasig River ferry free ride until Feb. 29
The free ride of the Pasig River Ferry Service (PRFS) will be extended for the whole month of February, the Metropolitan Manila Development Authority (MMDA) announced on Friday.
2020 Proton X70 CKD 7-speed wet DCT – “dry clutch reliability and smoothness issues are in the past now”
With Proton set to introduce a new seven-speed dual-clutch transmission in its locally-assembled 2020 X70, questions will no doubt be asked about the
New $2.35M U of S research chair targets beef industry sustainability
Dr. Cheryl Waldner will work with the beef industry to address producer priorities, like improving herd health and managing antibiotic use.
Entry screening not yet on cards for Irish airports as coronavirus spreads
Low level of exposure to Chinese tourists in Ireland, tourism bosses say
Northern farmers ask Johnson for £300m to replace CAP payments
Estimates suggest that the majority of farmers rely on EU payments for at least 60% of farm income
Your business week: Halo Business Angel Network, SFA Business Connect 2020
Expert insight on hand from conference in Co Wicklow organised by Enterprise Ireland
Bayer considers new tactic in Roundup settlement talks
(Reuters) - As Bayer AG (BAYGn.DE) tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter.
GRAINS-Soybeans extend losing streak on coronavirus fears; corn firm, wheat weak
(Recasts, updates with U.S. trading, adds new analyst quote, changes byline/dateline; pvs PARIS/SYDNEY)By Mark WeinraubCHICAGO, Jan 31 (Reuters) - Chicago Board of Trade soybean futures fell on Friday, on track for their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said.
Saudi int’l reserves record three-year high in 2019
Riyadh – Mubasher: Saudi Arabia’s foreign reserves grew by 0.59% year-on-year in 2019, recording its highest level in three years. Saudi international reserves rose to $499.54 billion in 2019, compared to $496.59 billion in the year-ago period. It …
Luxembourg’s Regulator Warns on False Regulation of Crypto Bull
The Commission de Surveillance du Secteur Financier (CSSF) warned that a firm claiming to be authorized under the name Crypto Bull is in fact not licensed to carry out business from within its jurisdiction.
FCC: Wireless Carriers Violated Federal Law by Sharing Consumer Location Data
One or more wireless carriers violated federal law by failing to protect sensitive customer information like real-time data location, FCC Chairman...
Varcoe: Beyond politics, Teck’s oilsands project hinges on partners, pipelines — and prices
A political brawl has erupted over a pending federal decision on the massive Frontier oilsands mine, but it’s only one of several barriers facing the mega-project.As Alberta presses the Trude…
Historic vote on nuclear waste underway in Bruce County, Ont.
Plans to build Canada’s first permanent home to nuclear waste are being decided by a local First Nations band Friday.
Planning application for upgrade of N24 road in Carrick-on-Suir will go on public display next week
The planning application for a long-awaited upgrade of 3.8km of the N24 running through Carrick-on-Suir will go on public display for six weeks starting this Monday, February 3. The p...
Mysterious Russian spacecraft has maneuvered into orbit right behind a $4 billion US spy satellite - and the Pentagon is worried it could be preparing for an attack
Between January 20 and 23, Russian spacecraft Cosmos 2542 made several maneuvers to end up in the same orbit as the American spy satellite USA 245, and is now closely following it.
Virginia Rometty steps down, IBM elevates Arvind Krishna as CEO
Krishna will take charge on April 6, while Rometty, who has been at the helm since 2012, will continue as executive chairman until the end of the year
Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified
The Survey places primary blame for the slowdown on global factors, saying 'the deceleration of India's GDP growth since 2017 has tracked the decline in world output'
Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
HUL volume growth surprises, profit before tax up 14% in December quarter
The company's volume growth is also ahead of the overall FMCG sector's
Release Contaminated Fukushima Water Into Sea: Japan Panel
Radioactive water from the stricken nuclear plant in Fukushima should be released into the ocean or vaporized into the air, an expert panel advised the Japanese government on Friday.
Privatised CPSEs reported better profit, sales after transition: Economic Survey
Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
How Idexx Laboratories Beat Expectations in Q4
The animal health company boosted its full-year 2020 earnings guidance, too.
Can Apple's Wearables Segment Continue Its Incredible Growth?
Buyers are snapping up AirPods Pro as fast as Apple can produce them, and the AppleWatch shows solid growth and great potential.
The James Webb Space Telescope Is Likely Going To Be Delayed Again
Sad news, space fans. The James Webb Space Telescope, the next Great Observatory in our sky, will likely be delayed again as it's unlikely NASA can meet th
7 Large-Cap Stocks to Buy For Insulation From Volatility
Recent market volatility on the back of coronavirus fears makes this a good time stock up on quality stocks with long-term stability.
7 Underappreciated Foreign Dividend Stocks to Buy Now
This is a great time to add the benefits of diversification to your portfolio with some attractive foreign dividend stocks.
Expert says South West must unite to fight for funding post-Brexit
"Your MPs and councils will have to pressure central Government to keep up the ante, both on how to get some of this money and what they can spend it on”
New tax rules mean millions will get an extra £104 from April
It will affect around 31 million full-time workers
U.S. lifts sanctions on unit of China's biggest shipping company
In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp., sending freight rates soaring as traders cancelled charters linked to the parent company.
Google-Backed 1Life Healthcare Surges 58% in Trading Debut
1Life Healthcare Inc., a provider of tech-driven primary care clinics under the One Medical brand, closed its first day of trading up 58% after raising $245 million in an initial public offering.
Bid to capture industry’s action on climate crisis
A new project aims to help the Scottish farming industry accurately record and measure the positive steps it is taking to tackle climate change by sequestering carbon.
READERS’ LETTERS: HS2 will have zero benefit to Scotland but we have to pay £9bn towards it
Sir, – The Chancellor Sajid Javid, on behalf of our Westminster lords and masters, has decided to support HS2 at a cost of more than £106 billion (latest estimate).
DTA tweaks IT contracting rules to help government get on with agile
Changes also put supplier performance under the spotlight.
Buy the JPY, sell the AUD? – Rabobank
"At the bottom of the G10 league since January 21 are the NOK, the AUD and the NZD," note Rabobank analysts. Key quotes "These three currencies have b
Fed's Clarida: Yield curve inversion reflects global uncertainty rather than US outlook
Commenting on the recent inversion of the yield curve, Federal Reserve Vice Chairman Richard Clarida said that he was not worried about it and argued
Canada: GDP bounced back in November – NFB
According to a report released on Friday, Canada’s real GDP rose 0.1% in November and 1.5% compared to a year earlier. Krishen Rangasamy, analyst at t
Bank of Ghana keeps policy rate unchanged at 16 percent
news, story, article
About 12, 787 farmers benefit from PFJ in East Mumprusi Municipality
news, story, article
University organises ‘Climate-Smart Innovation’ platform for Agricultural stakeholders
news, story, article
NSE: All-Share Index closes trading for January at 28,843.53
The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.
Stanley Black & Decker Comes In A Little Light, But Has Drivers For 2020
Stanley Black & Decker had a mixed fourth quarter, with revenue coming in a little light outside of Security, but good margins in the Tools & Storage business.A healthy residential repair/remodel mark
Broadridge Financial Solutions, Inc. (BR) CEO Tim Gokey on Q2 2020 Results - Earnings Call Transcript
Broadridge Financial Solutions, Inc. (NYSE:BR) Q2 2020 Earnings Conference Call January 31, 2020 08:30 AM ET Company Participants Edings Thibault - Head of Investor Relations Tim Gokey - Chief Executi
Enphase: Promising Growth Vision
Enphase is widening its addressable market by integrating technologies like storage and energy monitoring.Enphase's IQ 8 microinverter will be a building block for the company's larger energy product
PBF Energy: A Mexican Billionaire Can't Get Enough Of This New Jersey Refiner
Billionaire Carlos Slim's fund has indiscriminately bought up over 8 million shares in PBF since May to increase its stake to 17.6%.Slim's involvement in PBF is not immediately clear, though it may be
Financial Institutions, Inc. (FISI) CEO Marty Birmingham on Q4 2019 Results - Earnings Call Transcript
Financial Institutions, Inc. (NASDAQ:FISI) Q4 2019 Results Conference Call January 31, 2020 08:30 AM ET Company Participants Shelly Doran - Director, Investor and External Relations, EVP and General C
Xpel Inc: Racing With Exceptional Risk/Reward
Near term catalyst with Team Penske sponsorship.Longer term catalyst partnering with Roger Penske’s dealership network & trucking companies.Xpel's 10-year record is on par with some of the greatest st
Major fire at paper and boards unit
SivakasiA major fire broke out at a private paper and boards unit at Sukravarpatti on Friday evening. Machinery, furniture, raw materials and buildings were gutted in the fire that started at around 6
Hindustan Unilever clocks 4% sales growth
Firm hit by weak consumer sentiment
After mass retirement of staff, BSNL to outsource jobs
In the State, 4,596 out of 9,381 employees opted for VRS
Neemuchwala quits Wipro, analysts say it’s good for tech giant
‘His tenure was fraught with struggles’
Coronavirus shadow overseafood exports to China
MPEDA Chairman, however says the impact is minimal
Vedanta profit rises 49% to ₹2,348 crore
Revenue, however, drops 10% to to ₹21,126 crore
Economic Survey 2020: India has low rates of formal entrepreneurship
Large number of enterprises operate in informal economy not captured by data
SBI posts highest ever net on Essar Steel recovery
Asset quality improves, slippages stay elevated; no big ticket loan going forward, says CMD
Processes of exports, imports at KIA have improved vastly: Economic Survey
‘This is after implementation of authorised economic operators policy in 2016’
Economic Survey 2019-20: Food inflation higher in urban areas
Economic Survey moots tighter monetary policy in case of food, fuel price shock
Nirdesh pins hope on Budget
₹200-crore package mooted to revive the project 4 years ago
Needed: fewer regulations for start-ups, says CEA Krishnamurthy Subramanian
“With a rank of 163 of the 190 nations in enforcing contracts, only a few countries like Afghanistan, Mozambique, and Zimbabwe perform worse than India.”
Tech Mahindra profit dips 5% to ₹1,146 cr.
Firm’s revenue, however, rises 8% to ₹9,655 crore
Core sector grows at 1.3% in Dec. 2019
The growth was, however, lower than the 2.1% recorded in December 2018.
Economic Survey 2020 pitches divestment in public sector undertakings
Economic Survey says public sector units performed better than peers after privatisation
Bank of India posts profit, scrip up 3%
The State-owned lender had posted a net loss of ₹4,643.71 crore in the year-earlier period.
Trees being ‘killed’ on Idukki cardamom estates
Owner, workers of a plantation at Thondimala arrested for injecting chemicals into trees to destroy them
Amazon rejoins $1tn club on back of blockbuster earnings
Bezos empire alongside Apple and Microsoft after further share price gains
Litecoin Price Analysis: LTC Surges 25% In A Week But Can Bulls Keep Up?
Among the top 20 cryptocurrencies, Litecoin is the best-performer after surging almost 15% under 24-hours. After correcting to $52 last weekend, buyers
Bitcoin’s System is The Only Way to Build Cryptocurrency: Investment Firm Exec
Founder of Morgan Creek Capital, Mark Yusko, believes Bitcoin’s Proof of Work (PoW) consensus is the only viable protocol on which to build a digital
Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?
Tesla is among the top-performing assets of 2020 so far, and one of the few financial assets that has outperformed Bitcoin and the rest of the
More frequent load shedding coming: Eskom CEO
Eskom has warned South Africans to brace for more frequent power cuts as it halts the deferral of planned maintenance. The rand weakened as a result.
I would buy NAB and these blue chip ASX dividend shares
National Australia Bank Ltd (ASX:NAB) and these blue chip ASX dividend shares could be great options for income investors...
3 ASX mining shares with dividend yields over 10%
If you're looking for huge income shares today then Whitehaven Coal Ltd (ASX: WHC) and these two mining companies definitely fit the bill.
Sides in bitter forest dispute back at table
Times ColonistWith the longest strike in coastal forest history now into its eighth month, the two sides in the bitter dispute are heading back to the bargaining table.Western Forest Products and . . .
Sides in bitter forest dispute back at table on Sunday
With the longest strike in coastal forest history now into its eighth month, the two sides in the bitter dispute are heading back to the bargaining table.Western Forest Products and the United . . .
Amazon stock soars following strong Q4 earnings report
Amazon shares are soaring after the e-commerce giant announced fourth quarter earnings that smashed expectations.
Chevron reports worst quarterly loss in a decade
Jan. 31 (UPI) -- Chevron on Friday reported its worst quarterly loss in a decade -- $6.6 billion for the last three months of 2019, due mainly to a write-off of its Appalachian shale production sites.
Eurozone economic growth in 2019 was slowest in 6 years
Jan. 31 (UPI) -- Economic growth last year for the eurozone was the lowest it's been in six years, mainly hampered by slowdowns in France and Italy, the European Commission said Friday.
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Recession fears and how to combat them in 2020
The fear of not being able to pay for necessities is likely tied to the fear of an increased cost of living, so cutting your ongoing monthly spending is a good place to start.
How Business Travelers Can Maximize Hotel Loyalty Programs
Get the most out of hotel loyalty programs with these tips.
Canberra-Sydney high-speed rail bid was always too expensive
Cabinet documents have revealed the real story behind the Speedrail bid, which came so close to reality 20 years ago.