Economy 1320
Yet Another US Corporate Giant Appoints Indian Technocrat as CEO, Analyst Predicts Trend to Continue
New Delhi (Sputnik): Several Indian technocrats have been appointed by US-based multinational companies like Google, Mastercard, Microsoft and Adobe. Besides these American companies, several others like Goldman Sachs, Qualcomm, Uber, Boston Consulting Group and Jaguar have emerged as top recruiters for Indians graduating from its top institutes.
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.
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.
Pound Sterling Powers into Month-End Against Euro and Dollar
The British Pound heads into month end with momentum owing to a decision by the Bank of England to keep interest rates unchanged
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
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
Plague Big Opportunity, Rat Says
U.S. Commerce Department ghoul Wilbur Ross gloated about his belief the ongoing coronavirus outbreak in China is good for JOBS! JOBS! JOBS! in an appearance on Fox Business on Thursday morning, even as the confirmed number of cases and deaths keep rising and experts worry of sustained global spread....
Economic Survey 2020 forecasts India GDP growth at 6-6.5% for FY21
Economic Survey 2020: According to the survey, uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions
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 ...
Omnibus bill on job creation: Our last bus to demographic bonus
Something that President Jokowi could have emphasized again and again since he broached the omnibus bill plans in his Independence Day speech in August, is that these pieces of legislation are essential if Indonesia is going to cash in on the demographic dividend — a phenomenon that occurs when the size of the working-age population of between 14 and 65 years outnumbers dependents.
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.
Wipro CEO and Managing Director Abidali Z Neemuchwala steps down
Neemuchwala cited ‘family commitments’ as the reason for his resignation.
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
Outa, Saapa want Dudu Myeni to be declared delinquent director for life
Dudu Myeni must be declared a delinquent director for the rest of her life for allegedly plunging SAA into financial chaos ...
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.
Ethereum Event Attracts Global Energy Giant Sponsor, ETH Prices Up 7%
A large Ethereum gathering in the US next month is attracting some big named sponsors as BP adds its name to the list.
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...
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
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.
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...
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.
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.
Pilots sue American Airlines to halt China flights
US pilots on Thursday sued American Airlines to force the company to halt flights to China amid the virus outbreak now declared a global health emergency.
Prime Minister Johnson Poised for Canada-Style UK-EU Free Trade Deal After Brexit – Report
The UK’s withdrawal from the EU on Friday will be followed by an 11-month transition period, during which Britain will remain committed to the existing trade deals with the bloc, but will be able to negotiate new such agreements with EU members and other countries.
RevitUp travels to Hotel Association of Halkidiki summit
RevitUp will be at the upcoming Hotel Association of Halkidiki meetup in Thessaloniki. Scheduled for Sunday, February 2nd, at the Macedonia Palace Hotel, the summit will address topics from sustainability to destination marketing, management, and more. Nikos Giokas, Director of Business Development at RevitUp, will introduce the latest efforts to redefine revenue optimization for hoteliers during the meetup. Last weekend, Giokas and the RevitUp team were at the 1st International Hospitality Expo Cyprus hotel marketing strategy and tourism promotion with Savvas
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
Flight into the danger zone: China sends planes to bring ‘stranded’ overseas residents back home to Wuhan… but who would be brave enough to board?
There are 117 nationals from Wuhan in Bangkok, Thailand, and a further 100 in Kota Kinabalu, Malaysia, who are understood to be desperate to get back to the coronavirus-stricken city 'as soon as possible'.
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
What could derail the long-awaited property market recovery?
PROPERTY experts are hopeful 2020 will be the year the Perth market returns to growth.
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.
Tipperary IFA president says EU 'can't be browbeaten' by Boris Johnson
Irish farmers 'cannot be sold out'
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
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
Woodford Income Focus fund to reopen in February
£268m fund was frozen in October after stockpicker’s business imploded
'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.
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.
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
Non-cash payments under I-T Act: 7 electronic modes get CBDT nod
BHIM, UPI, debit/credit cardsand net banking make the cut
Aussie property values rise another 0.9% in January
CoreLogic’s dwelling price results have been released for January, which reveals another 0.9% increase in values over the month at the 5-city level, driven by more strong rises across Sydney (1.1%) and Melbourne (1.2%):
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.
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.
‘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’.
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.
EA's tepid forecast overshadows quarterly beat, shares slip
Amid rising competition from console, mobile developers.
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.
We will replace one district, one factory with staple processing zones - Mahama
news, story, article
More curbs on travel to China as coronavirus fatalities continue to rise
The United States and other countries tightened travel curbs on Friday and businesses said they were facing supply problems because of the coronavirus in China, a day after the World Health Organizat…
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.
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.
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!
Three new tech execs join WA's govt-wide digital office
Including the state’s first-ever digital chief.
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.
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.
3 Warren Buffett Picks That Most Investors Missed
Even many Buffett followers haven't picked up on some of these winners. Did you?
Japanese billionaire Maezawa pulls out of dating show that promised the moon
Japanese fashion billionaire Yusaku Maezawa has pulled out of a documentary search for a girlfriend to take on his voyage around the moon,
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
Austria’s FMA Warns Against Swissinv24 Ltd
Austria's FMA has published a warning on its website this Friday against Swissinv24 Ltd, an alleged provider of trading platforms.
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.
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.
Market wrap: all the leasing and sales activity in and around Sydney
Sydney's inner south shines during leasing activity.
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
Are You Ready to Serve on a Board?
Five skills you need, and how to build them.
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
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.
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.
Apple supplier LG Display posts fourth quarterly loss in a row
Loss smaller than expected.
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.
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
Amazon’s 2019 Transparency Report Shows Slight Decline in Government Requests
Amazon’s 2019 transparency report says it received 1,841 subpoenas, 440 search warrants, and 114 other requests in the second half of 2019.
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.
President Kenyatta launches construction of Shs1.8bn Naivasha-Njabini Road
NYANDARUA, Kenya, Jan 31 – President Uhuru Kenyatta Friday launched the construction of Shs 1.8 billion Naivasha to Njabini road. The upgrading of the - Kenya breaking news | Kenya news today | Capitalfm.co.ke
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...
Watch | Highlights of Economic Survey 2019-20
A video on India's Economic Survey 2019-20 which was tabled on January 31, 2020
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.
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
IBM turns to technologist chief for cloud computing battle
Arvind Krishna has already pushed group to catch up with cloud computing leaders
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.
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
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.
Wuhan Virus: Singapore bars visitors that recently travelled to China
In an attempt to contain the spread of the coronavirus, Singapore has imposed a travel restriction to all visitors from China as well as foreigners that have a recent travel history to mainland China. The travel restriction will start at 11:59 pm on Saturday.
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.
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.
Ramaphosa orders SIU to probe IFMS project
President Cyril Ramaphosa reportedly instructs the Special Investigating Unit to investigate the bungled National Treasury IT project.
Latest on the coronavirus spreading across the globe
A NOVEL coronavirus (2019-nCoV) outbreak that began in Wuhan, the capital of China’s central province of Hubei, has spread to more than 9,800 people globally, surpassing the total from the 2002-2003 SARS epidemic. The new virus has killed 213 people.
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.
Coronavirus disruption could spread to Apple's Indian manufacturing base
A report has suggested that disruption to Apple's supply chain caused by the coronavirus outbreak could extend beyond China to Apple's India manufacturing base, in part due to its reliance on China for parts.
Air New Zealand update on Shanghai services
31 January 2020
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.
HUL reshuffles top management team
Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care
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
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.
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
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
Canadian billionaire Lawrence Stroll leads group buying stake in Aston Martin
Stroll will become the iconic car company’s executive chairman; consortium, which also includes André Desmarais, will initially buy a 16.7 per cent interest with plans to raise that to 20 per cent
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.
Non-Vegetarians Saving More Under Indian Prime Minister Modi, Government Data Shows
New Delhi (Sputnik): India’s federal Finance Ministry’s Economic Survey – a snapshot of the state of economy of the country during 2019-20, has a new chapter titled “Thalinomics: The Economics of a Plate of Food in India”. The government claimed it was an attempt to quantify what an average person pays for a Thali (Plate) of food.
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-
Toll fares on PLUS highways reduced by 18% from Feb 1 – no change in rates until concession ends in 2058
As agreed under the terms of its concession extension, PLUS has announced that it will implement the 18% reduction in toll rates as defined by the
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
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.
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.
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…
Q&A: The plant-based battle is in your supply chain
For the food industry, whether it's seafood, meat or produce, plant-based alternatives are offering a unique challenge for supply chains to operate in a complex market. Joe Scioscia looks at the issues.
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
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 ...
ABN Amro signs cloud and DevOps deals with Indian vendors Infosys and TCS
Infosys has signed a multi-year, multi-million euro contract with ABN Amro Bank to accelerate its cloud and DevOps transformation journey. The Dutch bank has also signed a separate cloud migration and DevOps deal with fellow Indian vendor Tata Consultancy Services.
Demand for face masks, hand sanitisers soars
KUALA LUMPUR: The rising fear among the public over the novel coronavirus (2019-nCov) has caused a high demand for surgical face masks and hand sanitisers over the last few days.
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
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.
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.
1 in 4 Akl Upper Harbour homes go to resident-visa holders
A quarter of all home transfers in Auckland’s Upper Harbour were to NZ-resident-visa holders in the year ended December 2019, Stats NZ said today.
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.
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…
Delta, American Airlines suspend China flights amid coronavirus outbreak
Delta and American Airlines are temporarily suspending all of their United States flights to China amid the ongoing coronavirus outbreak.
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.
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR) of N986.29 billion in...
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
Nearly 300 sexual offences by London minicab and taxi drivers recorded in 2018
Some 17 drivers were charged, including 15 licensed private hire drivers, a taxi driver and an unlicensed driver.
Coronavirus: 400 Indians to be airlifted from Virus-hit China
China has imposed a lockdown in the city following the outbreak of the virus
'Old Slogans and Old Cliches': India's Ex-Finance Minister Slams Gov't Approach to Economic Slide
New Delhi (Sputnik): The Indian economy's growth rate witnessed a six-year low in the second quarter (July-September) of 2019; the Reserve Bank of India has cut the year's growth projection to 5 percent from the 6.1 percent projected in October 2019.
Macy's: An Iconic Brand Is Trading At A Discount
When an icon is on sale, you buy it.Macy's offers a dividend yield above 8%. The dividend is well covered with a payout ratio below 50%.Macy's online strategy is paying off. The iconic name helps both
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
New Great Dyke platinum mine opens
Great Dyke Investments yesterday started mining on its Darwendale concessions after years of preparation.
How ‘Embedded’ Payment Providers are Transforming Fintech
Behind-the-scenes payments providers could be moving Big Tech further toward financial services.
Barneys in Legal Battle With Ex-Employees Over Severance Claims
The company calling them "improperly classified claims."
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.
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.
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
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
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.
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
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
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
Court Gives Go-Ahead On Huduma Namba, Bars Collection Of GPS, DNA Data
A court on Thursday okayed the implementation of the National Integrated Identity Management System (NIIMS) also known as Huduma Namba.A three-judge bench compromising of justices Pauline Nyamweya
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.
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
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.
The Flippening: Stablecoins’ Transfer Value On The Ethereum Network Just Surpassed ETH
Stablecoins now have a larger share of value transferred on the Ethereum network than its native cryptocurrency – ETH. Even though the continuously
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 ...
POLITICO Global Translations: Corona spreads, Britain retreats as the planet heats
Presented by
Canada's first P2P consumer lender preps launch
Canadian regulators have given the greenlight for the country's first peer-to-peer lending platform for consumer loans.
2019 novel coronavirus: A chronology
KUALA LUMPUR, January 31 — Following is the chronology of events relating to the threat of the 2019 novel coronavirus (2019-nCoV). The virus, which originated in the city of Wuhan, China, can cause severe respiratory illness, including pneumonia, with fever, cough, breathing difficulty. December...
Coinmetrics Study Unveils Shocking Tether (USDT) Fact
The team at Coinmetrics has just released their latest findings on Tether, and its new all-time high velocity is not the only interesting thing they've
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.
Economic Survey 2020 calls for better efficiency at public sector banks
For FY19, PSBs had made a collective loss of Rs 66,000.
Coronavirus outbreak: With 5 doctors on board, Air India's B747 plane departs from Delhi to Wuhan
Air India's 423-seater jumbo B747 plane took off from the Delhi airport for Wuhan at around 1.20 pm on Friday to evacuate Indian nationals as China deals with the novel coronavirus outbreak, officials said.
It may be controversial but the Huawei 5G deal is vital for Brexit Britain’s trading future ǀ View
If Johnson succeeds, Brexit Britain will be one of the few places in the world with preferential trade with the world’s two superpowers. The battle lines in the US-China trade war mean any country that is on good trade terms with both will have an almost unique competitive advantage.
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.
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
Embraer malfunction similar to 737 Max issue probed by NTSB
Investigators found the captain’s thumb switch that adjusts the trim had been installed upside down.
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.
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.
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.
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
India bans export of protective masks, clothing amid coronavirus outbreak
India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak. It did not give a reason for the ban but it reported its first case of the new coronavirus on Thursday, a woman in Kerala who was a student of Wuhan University in China.
Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers
Will be fully operational from day one, firm aims to offer a differentiated experience with features such as 24/7 helplines for drivers and customers and in-app emergency button
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
Pricing Your Apartment in a Slow Market
For sellers with high hopes, the reality of the current market can be deflating.
Busing fees could double
It could cost parents in the Central Okanagan twice as much to get their student a seat on a school bus.
Minister expects negotiations with UK on free trade deal to be advanced
The Minister for Trade believes New Zealand can negotiate a free trade deal with the UK by the end of the year. At noon tomorrow, the United Kingdom's 47-year relationship with the European Union (EU) will end - three and a half years since Britons voted in a referendum to leave. But with another year of negotiations ahead as they finalise the fine print of the exit deal, it's not yet clear what the effects for New Zealand will be. Minister David Parker told Morning Report New Zealand was ready to start negotiations as soon as the United Kingdom was ready. "Their first priority will, of course, be the European Union, because that's their largest and closest trading partner but the prime minister Jacinda Ardern reaffirmed with Boris Johnson that we're ready to start trade renegotiations with them for their post-Brexit trade relationship with New Zealand in the near future.
Buy Now, Pay Later Platform Klarna Launches In Australia, Takes Swipe At Afterpay
There's another service that lets you buy products and pay for them later. Klarna launched on Thursday in Australia in partnership with the Commonwealth Bank – and it's not shy in telling retailers why they should adopt it rather than Afterpay....
No restrictions on food imports from China, says agriculture minister
MARANG, Jan 31 — There are no restrictions on the import of food from China so far, although the World Health Organisation (WHO) has declared a public health emergency following global concerns over the 2019 novel coronavirus infection. Agriculture and Agro-based Industry Minister Datuk Seri...
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.
Shell and TransDiesel to Partner in NZ
31 January 2020
Court orders safeguards for Kenyan digital IDs, bans DNA collecting
NAIROBI (Reuters) - Kenya’s high court said the government could go ahead with a new digital ID scheme, as long as it brought in stronger regulations and did not use it to collect citizens’ DNA and geo-location data.
Investment Implications Of Unravelling Of Post WW2 World Order: The Case Of Turkey
While the world is now accustomed to the likes of China challenging the post-WW2 world order, the challenge by smaller actors such as Turkey is something new.Multinationals, ranging from oil and gas p
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
UK SMEs see their future in the cloud
Cloud computing features strongly in the plans of SMEs for the coming year, with 57 percent planning increased adoption, according to a new report.
Did Walmart Waste $3.3 Billion on Jet.com?
The e-commerce site is a shell of what it was when the retailer purchased it.
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
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.
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
Suncorp Says 'Unprecedented' Catastrophes Will Drive Reinsurance Recoveries
Australian primary insurance giant Suncorp has referred to an unprecedented start to the season for catastrophe losses this morning, saying that it now expects to make recoveries across its reinsuranc
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
Huge jump in sex attacks by taxi and minicab drivers
TfL said 294 incidents were reported to police in 2018 compared to 162 the year before.
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.
US consumer spending cooled last month, core prices picked up
Income growth in the US slowed to 0.2%.
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].
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).
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...
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.
Photos of the day: January 31, 2020
BusinessLine India's leading website for business and financial news, BSE and NSE quotes, stock recommendations, market analysis and research, politics, gadgets & auto.
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...
Singapore bans China travelers to keep out coronavirus
SINGAPORE (Reuters) - Singapore said on Friday it was banning entry to all Chinese visitors and foreigners with a recent history of travel to China in some of the most far-reaching moves worldwide to deter the fast-spreading coronavirus.
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...
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.
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.
Photos: Gokada, Opay protest ahead of February 1st enforcement date
Riders on the platform of Opay and Gokada hailing services staged a peaceful protest on Friday, to protest the ban announced by the Lagos
Shrinking French and Italian economies hamper euro zone growth
Spectre of recession likely to mean more monetary easing by ECB
Coronavirus: Countries evacuate citizens from China
HONG KONG, Jan 31 — Thousands of foreigners were among millions of people confined in the central Chinese city of Wuhan when Beijing announced plans to stem the spread of a SARS-like virus that has now claimed 213 lives nationwide. Today, China’s National Health Commission said nearly 10,000...
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.
IBM Announces New CEO, is This Good For Blockchain?
IBM CEO, Ginni Rometty, is stepping down after 8 years of service. She is being replaced by executive Arvind Krishna. Rometty has been a great supporter
Economic Survey 'disappointing', Modi govt selling dreams to people: Mayawati
In a series of tweets, BSP president Mayawati said: "Because of the wrong policies and programmes of the centre, rising poverty, inflation, unemployment etc. have led to constant shrinking of the per capita/family income of the people, yet the BJP government is selling dreams to them.
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.
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.
FTSE 100 stumbles as coronavirus spreads to the UK
The FTSE 100 has fallen this morning after the Bank of England left interest rates on hold, boosting the pound and hurting British stocks.
Kerala Lottery Nirmal NR-158 Today Results announced: First Prize worth is Rs 60 lakh
Kerala Nirmal Lottery NR 158 Today Results: The first prize winner is ticket number NC-846095 which bagged a whopping Rs 60 lakh. The second prize was drawn by ticket number NC-938462 which bagged Rs 5 lakh.
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...
East African airlines suspend China flights due to coronavirus
NAIROBI/KIGALI - Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice after a virus outbreak killed more than 200 people in China and spread to 18 countries.
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
Motorists, are you Brexit-ready to drive abroad? Here's six things you need to consider after 31 January
From validity of UK licences to green cards and preparing for overseas low emission zones, here's everything drivers need to know for life after 31 January.
Blow to Kenyan farmers as agency bans avocado export
Traders accused of shipping immature crop due to high demand.
ServiceNow aims to court CEOs, expand use cases beyond IT
CEO Bill McDermott said he has all he needs to expand ServiceNow into a company producing $10 billion in revenue a year.
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
Going with the wind energy in Latvia
Going green has been an international hot topic for a while, with Latvian President Egils Levits discussing at the recent World Economic Forum how Latvia could become a renewable energy role model, and an increasing portion of the Latvian energy portfolio will be made up of wind energy.
Millions of workers to get an extra £104 as new tax rules come into effect in April
In addition to increasing the NICs threshold the Government will also end the freeze to working age benefits, which has been in place since 2016.
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.
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
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
Eskom CEO appoints board for planned division into three units
Eskom seeks to drive harder bargain on funding costs-CEO
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.
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.
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
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.
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.
‘Need For Wealth Creation’: Lessons From Thirukkural, Arthashastra And Ten New Ideas In Economic Survey 2020
‘Since the wealth cannot be distributed unless created, the wealth creators are India’s wealth’
Delta and American Halt All Flights Between China and the U.S.
All flights will be suspended started Febuary 6 through April 30. | Health
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
RON97 price drops 8 sen, RON95 and diesel unchanged for week of Feb 1
KUALA LUMPUR, Jan 31 — The retail price of RON97 petrol dropped 8 sen to RM2.41 a litre, while RON95 and diesel are maintained at RM2.08 and RM2.18 a litre, respectively, effective midnight until February 7. The Ministry of Finance, in a statement today, announced that based on the calculations...
Economic Survey sources data from Wikipedia, other private entities
Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation
International bid from Ethio Telecom (TENDER)
The RFI remains floating from February 3, 2020 up to march 2, 2020. RFI document can be obtained free of charge from Ethio Telecom’s head office room no. 207 during office hours (Monday to Friday). Interested eligible bidders may obtain further information from ethio’s Website and collect the RFI document in person from Head quarter, 2nd Floor, and room no. 207.
Writers Guild hopes new streaming laws will reverse 'service industry' trend
TORONTO — Amid talks about regulating foreign streaming services in this country, the Writers Guild of Canada is sounding the alarm on what it says is a troubling trend toward a "service industry" and "massive exodus" of talent.
Better borrowing: Expert advice for avoiding problem debt
In association with the Insolvency Service of Ireland
NCT tests resume at six centres as lift checks continue
The National Car Testing Service says car underbody inspections using lifts have recommenced at six centres across the country, but on a restricted basis.
123 China tourists fly home via chartered flight from KK
KOTA KINABALU, Jan 31 — A total 123 tourists from Hubei, China flew home on a Xiamen Airlines chartered flight from the Kota Kinabalu International Airport (KKIA) today at 6.30pm. They boarded the chartered flight at the initiative of the government of China after the government cancelled all...
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.
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.
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.
Aston Martin delays electric car plans after raising emergency funds
The British automaker’s awful 2019 put it in a tough spot
British Steel rescue under threat as French government opposes Jingye deal
The Chinese takeover of embattled British Steel is hanging in the balance after the French government said it would oppose the deal.
Delhi Police ask for 45 documents for opening restaurant, only 19 for a gun: Economic Survey
Delhi Police ask for as many as 45 documents before giving its clearance for opening an eatery in the national capital as gainst only 19 to buy a gun, the Economic Survey said on Friday while making a case for doing away with unnecessary controls.
Market watch: KSE-100 falls 273 points owing to global sell-off
Benchmark index decreases 0.65% to settle at 41,630.93
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
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.
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
Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin
Canadian billionaire Lawrence Stroll will take a roughly 20per cent stake in Aston Martin for nearly 200 million pounds (US$263 million) as the ...
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.
Novartis Revenue Jumps, And Other News: The Good, Bad And Ugly Of Biopharma
Novartis revenue jumps but net income falls for Q4.Hepion's CRV431 produces positive data.Amphastar gets a CRL.
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.
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
Airbus agrees to pay 3.6 billion euros to settle corruption probes
Airbus is set to pay a massive 3.6 billion euros ($4 billion) in fines to Britain, France and the US to settle corruption inquiries sparked..
Monzo Tightens Security By Updating 3D Secure Feature
UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard
Arista Networks - Is This A Phoenix And The Implications Of The Apparent Big Switch Acquisition
Arista shares have bounced sharply since their nadir after the release of quarterly earnings and disastrous guidance.Some of the upside relates to the apparent acquisition of Big Switch by Arista afte
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
France agrees to end Airbus corruption probe in £3bn deal
Courts in the US and the UK are considering their own parts of the deal.
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.
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
Venture capital has no guesses as to what 2020 has in store
There appears to be no consensus on trends or sentiment.
How to file and pay your taxes online
Pay your taxes and get your refund asap
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 ...
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.
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
Malaysia to send 18 million medical gloves to Wuhan for healthcare workers amid coronavirus outbreak
KUALA LUMPUR: The Malaysian government will be sending 18 million pieces of medical gloves to healthcare workers in Wuhan amid an escalating ...
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: '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'
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 . . .
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
With Bellbrook-Sugarcreek deficit looming, state proposes drastic cuts
BELLBROOK — With a deficit looming for Bellbrook-Sugarcreek Schools, representatives from the Ohio Auditor’s Office shared a dozen recommendations to cut district spending.
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
Verizon's Adding Subscribers, but Not Profits
Verizon's pricing and promotions are weighing on the bottom line.
Fiscal deficit hits 132% of full-year target
The deficit was 112.4% of 2018-19 Budget Estimate (BE) in the corresponding period.
After mass retirement of staff, BSNL to outsource jobs
In the State, 4,596 out of 9,381 employees opted for VRS
How Idexx Laboratories Beat Expectations in Q4
The animal health company boosted its full-year 2020 earnings guidance, too.
Bury in liquidation danger as owner Dale fails to pay any money to creditors
Bury’s owner, Steve Dale, has failed to provide any of the money he pledged last summer towards paying the club’s debts via a company voluntary arrangement, creditors have been told
Economic Survey 2020 pitches divestment in public sector undertakings
Economic Survey says public sector units performed better than peers after privatisation
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.
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.
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
SBI posts highest ever net on Essar Steel recovery
Asset quality improves, slippages stay elevated; no big ticket loan going forward, says CMD
Coronavirus: US airline suspends flights to China
Following the devastating spread of the airborne disease, Coronavirus, a United States (US)'s airlines, Delta, has suspends flights bound to China.
IBM's big bet on cloud computing, AI and open source needs to pay off soon
Although IBM has underwhelmed in recent years, outgoing CEO Ginni Rometty may have planted the seeds for future prosperity.
Economic Survey 2020 stresses on Assembled-in-India
The Survey states that by integrating "Assemble in India for the world" into Make in India, India can generate 4 crores well-paid jobs by 2025 and 8 crores by 2030
Delta and American Airlines suspend all flights to mainland China over coronavirus
Delta and American Airlines are halting all flights to mainland China over concerns of the deadly coronavirus.
Explainer: Through the Brexit looking glass - What changes and what stays the same?
LONDON (Reuters) - Brexit is the United Kingdom’s biggest geopolitical move in decades. What will change and what will stay the same when Britain officially leaves the European Union on Friday at 2300 GMT?
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
DOMO Chemicals completes acquisition of Solvay’s European polyamides business
DOMO Chemicals (Ghent, Belgium; www.domochemicals.com) has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. This Business i
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
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.
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
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.
Thailand confirms first human-to-human coronavirus transmission, total cases rise to 19
BANGKOK: Thailand has seen its first case of human-to-human transmission of the new coronavirus inside the country, a health official said on ...
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.
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.
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.
Car insurance fraudster bought vehicles and then lied they'd been stolen
Louis King was set to pocket £100,000 in 'deceitful' scam. He was caught but avoided jail
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
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.
Saudi envoy, UN official review efforts to end Syria conflict
ALULA: UNESCO Director-General Audrey Azoulay on Friday hailed how well Saudi Arabia’s cultural gem of AlUla has been preserved and the lessons future generations can learn from the region’s history. Speaking at the Hegra Conference of Nobel Prize Laureates, which is being held at the site’s Maraya Hall, Azoulay highlighted the importance of the site in promoting a cultural
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
Delta just suspended China flights for longer than any other airline, a red flag as the unprecedented coronavirus wreaks havoc on the airline industry
Delta Air Lines said on Friday that it was suspending all its flights to China, becoming the first US airline to suspend all its routes to the country.
Booz Allen Hamilton Holding Corporation (BAH) CEO Horacio Rozanski on Q3 2020 Results - Earnings Call Transcript
Booz Allen Hamilton Holding Corporation (NYSE:BAH) Q3 2020 Earnings Conference Call January 31, 2020 08:00 AM ET Company Participants Nick Veasey - Vice President of Investor Relations Horacio Rozansk
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.
State taxes: Which are the most tax-friendly states for the wealthy?
Here is a list of 17 investments and strategies to help lower your taxes.
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?
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.
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.
UPDATED: Airlines canceling China flights over Wuhan coronavirus outbreak
As we’ve been blogging here at Boing Boing, the Wuhan coronavirus continues to spread, and airlines have begun suspending flights to and from China, where most confirmed cases are located. • …
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.
Talent scouts to rescue football clubs from debt with technology
Football clubs can curb their financial woes by discovering new talent. Scoutium provides qualified talent scout feedback on 90-minute infrastructure matches, enabling clubs to generate revenue with the new faces they discover
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.
Economic Survey backs Temasek-like model proposed for divestment
Survey recommends transferring stake of listed govt firms to a corporate entity
ITC Q3 net profit grows 29% to Rs 4,048 crore
Net sales increased 5.71 per cent during the December quarter this fiscal to Rs 13,220.30 crore, as opposed to Rs 12,506.05 crore in the corresponding period a year ago
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
Thalinomics in times of rising prices: Veg, non-veg thalis more affordable, says Eco Survey
Calling it 'Thalinomics', Krishnamurthy V Subramanian compared price of standard veg and non-veg meal plates across the country to say that affordability as a factor of daily wage has improved overtime, indicating improved welfare of the common person.
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%.
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 …
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.
Uber Stock: A 2020 Survival Guide
The leading ridesharing service is revving up this year after a dud rookie season. Let's see what needs to happen for things to stay that way.
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
These 3 Stocks Are Too Cheap to Pass Up
Who's looking for a deal?
‘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
Strike action by 500 home helps deferred for two weeks
Next week's threatened strike by up to 500 home helps in Dublin and Wicklow has been deferred for two weeks to allow the HSE to progress arrangements for pay restoration to the staff in question.
Digital companies, liable to tax under new Finance Act — Osinbajo
Vice President, Yemi Osinbajo says multinational digital companies operating abroad with significant economic presence in Nigeria will be sub
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.
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.
HCL top employer across Europe, South Africa
HCL Technologies said it has been named Top Employer 2020 in the United Kingdom, Sweden, Germany, the Netherlands, Poland, France and South Africa.As well as achieving status as a Top Employer in mult
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.
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.
SBI posts highest-ever quarterly profit of Rs 5,583 crore in Q3
SBI Q3 results: The bank's gross non-performing assets (NPAs) ratio declined to 6.94 per cent in Q3FY20 versus 8.71 per cent in the same quarter last year
Record 31.19 million foreign nationals entered Japan in 2019
The number of foreign nationals who entered Japan in 2019 came to 31.19 million, logging a record high for the seventh consecutive year, the Immigration Se
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
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
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
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.
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.
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.
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
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.
Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy
Union Budget 2020:
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
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
Economic Survey Projects India's GDP Growth at 6-6.5 Per Cent for 2020-2021
New Delhi (Sputnik): Amid the widespread slowdown in the Indian economy, the government lowered its national income growth forecast for the current fiscal year from April 2019-March 2020 to 5 per cent against the earlier projections of 7 per cent.
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...
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.
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
The Week In Payments: China, China, Challenger Banks And Bitcoin
If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement.
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.
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...
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.
DBKL to offer special traffic compound rates from Feb 1
KUALA LUMPUR, Jan 31 — Kuala Lumpur City Hall (DBKL) will be offering special traffic compound rates as low as RM15 for motorcycles, cars and heavy vehicles from February 1- March 3 in conjunction with Federal Territory Day. The public may check and settle outstanding fines at all DBKL payment...
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.
Tribal leaders make the case for sales tax-sharing deals
A new law would affirm a sales tax agreement the Tulalip Tribes reached with the state and county.
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
Chinese Poll Tax Heritage Trust funding round now open
MEDIA RELEASE
Vote no on Arlington schools bond and levy
For the fourth time in two years, the Arlington School District is proposing a bond ($91 million) to be repaid over 21 years.
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.
PSU banks staff strike may affect branch, ATM services
However, private sector lenders like ICICI Bank and HDFC Bank would be operational.
Fanuc Still Under Pressure From The Automation Slowdown
Fanuc didn't report a strong fiscal third quarter, but it was relatively in line and that comes as a relief.Orders continue to decline at a double-digit rate, and a sequential bump in FA orders is lik
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…
China has confidence and capability to win the war against coronavirus: foreign ministry
China has confidence and capability to win the war against the new coronavirus, said the country’s foreign ministry spokeswoman in responding to the World Health Organization (WHO)’s decision to declare the virus outbreak in China as a global emergency.
Cebu Pacific reduces flights to China
Cebu Pacific will be reducing flights between the Philippines and mainland China, Hong Kong, and Macau from February 5 to March 29, 2020.
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
Local automakers face difficulties sourcing auto parts from China
South Korean automakers are struggling to operate manufacturing lines here following difficulties in sourcing components from China due to the suspension of factory operations in the mainland. According to Hyundai Motor Group, the automaker has decided to cancel extra working hours at its Ulsan and Jeonju plants this week, following the temporary shutdown of the two partnering factories in China that are respo...
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
GAN expects earnings to beat market expectations
Gambling software company anticipates earnings of between £7m and £8m
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
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 sets the tone for Budget 2020
The Survey's theme is 'Wealth Creation'
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.
Glasgow-based Smart Metering Systems to benefit from smart meter deadline extension
Glasgow-based Smart Metering Systems (SMS) said it now expected its work to be “more evenly spread” after the UK government pushed back the deadline for energy suppliers to install smart meters to 2024.
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.
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.
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.
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.
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, ...
Amazon sees sales hit €79.2bn as Prime memberships rise
The online retailer Amazon has reported a 21% increase in sales for the fourth quarter of last ye...
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.
A few tips to boost sales of new cars
Levying road tax for five-year periods, making the registration process online, and ensuring dealerships sell spare parts across the counter and online are among steps that will help reduce the cost of ownership
US raises USD 7.6 billion in auction of 37, 39, 47 GHz bands for 5G
The US FCC announced it's completed the auction of the upper 37 GHz, 39 GHz and 47 GHz bands, which started on 10 December 2019. The auction of 5G spectrum attracted total bids of USD 7.56 billion, and bidders won 99.9 percent of the licences on offer.
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
Full text: President Ram Nath Kovind’s address to joint sitting of Parliament
"The Citizenship Amendment Act is a historic law. It has fulfilled wishes of our founding fathers including Mahatma Gandhi," President ram Nath Kovind said.
Sale of.Org Domain Registry Delayed By California Attorney General
California Attorney General Xavier Becerra sent a letter to the Internet Corporation for Assigned Names and Numbers (ICANN) demanding more information about the private equity takeover of the .org domain registry. The attorney general is seeking answers to 35 questions concerning the sale as well as...
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
Billionaire Lawrence Stroll takes stake in Aston Martin
Canadian billionaire Lawrence Stroll will take an up to 20 percent stake in Aston Martin for nearly 200 million pounds (US$$263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances, Reuters reports. Famed for being fictional secret agent James Bond’s car of choice, the 107-year-old company’s share price…
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.
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%
Pilots sue American Airlines to halt China flights
WASHINGTON, United States, Jan 31 - US pilots on Thursday sued American Airlines to force the company to halt flights to China amid the virus outbreak now Kenya breaking news | Kenya news today |
Finavia envisions: Electric aircraft will fly on domestic routes in Finland by the end of 2020s
The Finnish airport operator Finavia has joined a Nordic initiative to enhance the development of electric aviation. The Network for Electric Aviation (NEA) is a unique initiative, where Nordic actors come together to accelerate the introduction of electric aviation in the Nordic countries. “Electric-powered aircraft will likely be a vital part of tackling the environmental challenges of the aviation industry. As an airport operator we want to find out what kind of development electric flying will require from our airports”, says
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...
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.
Taipei Game Show cancelled due to outbreak of coronavirus
The Taipei Game Show was scheduled to kick off next week, but the organisers have made the decision to cancel due to the ongoing outbreak of the coronavirus. Originally spreading from Wuhan, China, the coronavirus has begun infecting people overseas. Yesterday, Taiwan recorded its ninth case of the virus that has killed 213 people and […]
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
Link to buy Pepper European Servicing unit for up to €200m
Pepper Ireland unit manages €18bn of assets, including 60,000 residential mortgages
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...
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 ...
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.
Oh! GDP grew only 6.1% - not 6.8% - last fiscal, says MOSPI
GDP figures for financial year 2017-18 were also revised downwards to 7 per cent, from 7.17 per cent reported earlier
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
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.
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.
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
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.
Budget 2020: Earn less than Rs 10 lakh? Here's what you can expect
Budget 2020: There have been talks about government levying 10% income tax on income above Rs 5 lakh to Rs 10 lakh and 20% for income above Rs 10 lakh to Rs 20 lakh
Germany expects coronavirus vaccine within months
BERLIN (Reuters) - Germany’s research minister said on Friday she expected a vaccine for coronavirus to be developed within months.
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.
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 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.
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
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
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
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
Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push
Budget 2020: After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country
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.
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.
CMA new boss talks tough against issuing profit warnings late
NAIROBI, Kenya, Jan 31 - The Acting Chief Executive of Capital Markets Authority Wycliffe Shamiah has warned companies listed on the Nairobi Securities Kenya breaking news | Kenya news today |
Strategic strata moves rattle Melbourne's city grid
In an intriguing start to the year for the CBD strata market, property developer Salta has snapped up a second floor in a seven-storey building on Exhibition Street.
Telecom sector is bleeding! Will Modi govt offer relief in Budget 2020?
Budget 2020: Telecom industry has also demanded a reduction in levies, both licence fee and Spectrum Usage Charges (SUC). It has also asked the Centre to create an infrastructure bank that would raise tax-free bonds, the proceeds of which can be used to lend to the companies at lower rates.
SBI invests $20m in core banking-API integration firm OpenLegacy
Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.
Budget 2020: Will govt increase investment limit under Section 80C?
Budget 2020: The limit of deduction available under Section 80C is Rs 1.5 lakh. Taxpayers expect FM Sitharaman to increase the limit to Rs 2.5 lakh
Airtel and Telkom Appeal over Merger Conditions Set By Competition Authority
Airtel Kenya and Telkom Kenya have filed a review of their proposed merger to the Competition Authority of Kenya over merger conditions. In a review case no CT/005/2020 filed on 10th January 2020, the two entities want a review of the merger terms that were stipulated by the Competition Authority of Kenya (CAK) as conditions […]
Racing Point F1 team renamed Aston Martin from 2021
The Racing Point F1 team will be rebranded Aston Martin from 2021, James Bond's favourite carmaker confirmed after securing a large cash injection to get back on track.
Bitcoin Cash (BCH) Miners Gaming the Network Amid Low Transaction Volume
Despite attempts to improve the difficulty adjustment protocol for Bitcoin Cash (BCH), miners are still able to ‘game’ the network while transaction volumes remain significantly low.
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.
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.
Apple chipmaker TSMC says production has not been affected by coronavirus
Apple chipmaker TSMC says its production remains unnaffected by the coronavirus outbreak.
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
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.
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.
Amazon sees face mask sales surge amid coronavirus fears
Packs of 50 disposable masks have been selling fast on the website.
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.
Drought tariffs to take effect from tomorrow
Water restrictions will officially come into effect in the City of Mbombela Local Municipality tomorrow, February 1.
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.
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
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
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
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.
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
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 ...
From passports to driving to mobile phone roaming: What will change now that the UK had left the European Union?
The United Kingdom left the European Union at 2300 on Friday January 31 - 'Brexit Day'. It marked the end of more than four decades of partnership, and the start of an 11 month-long transition period which will see a new deal thrashed out. Much is set to change once that transition period comes to a close at the end of December 2020 - but what about between now and then?
Coronavirus Isolates China as Countries Shut Borders, Issue Travel Warnings
Death toll stands at 213 and a 2% mortality rate, but outbreak could have global financial ramifications due to supply chain disruptions
Economic Survey 2020: FTAs have been beneficial, insecurities over trade deals misplaced
Last year, India backed out of the proposed free trade agreement under RCEP that comprises 16 countries in the larger South East Asian region after some of its key concerns were not addressed
Altria's Profit Just Got Vaporized
Controversy surrounding the e-cigarette industry is costing the tobacco giant billions of dollars.
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.
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.
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
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.
Japan tells citizens to avoid non-essential travel to China
Japan is advising its citizens to avoid non-essential travel to all of China over the risks of a deadly coronavirus outbreak, Prime Minister Shinzo Abe said Friday.
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
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
Brexit Day: Businesses see promising India-UK ties ahead
Leading trade organisations and Indian entrepreneurs see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level.
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.
The daily business briefing: January 31, 2020
Brexit day arrives, Amazon shares surge, and more
Boeing Credit Rating Slashed Amid Plane Maker’s Ongoing 737 MAX Fiasco
Moody's warns Boeing also remains
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.
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
What every Canadian investor needs to know today
A look at the morning’s market action
French and Italian economies shrink as Eurozone slows
The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth.
Japan to enforce special measures for coronavirus from Sat - Govt
TOKYO: Japan said on Friday that it would bring forward the date that the coronavirus will become a “designated infectious disease” to Saturday from Feb. 7, as a third chartered flight carrying Japanese citizens arrived from Wuhan.
Sensex drops 190 points; Nifty ends below 12K
All eyes have now turned to the Union Budget, scheduled to be presented on Saturday.
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
Dargaville pontoon to be upgraded
Rt Hon Winston Peters
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
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. …
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.
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.
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
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.
Triodos Bank CEO: 'Bankers should be eco-warriors'
Presenting at the Bristol Distinguished Address Series, Dr Bevis Watts, chief executive of Triodos Bank UK spoke on the essential role banking must play in driving action on climate change.
Economic Survey 2020 pushes for privatisation of education, flexible labour laws
Economic Survey 2020: Survey calls for increasing literacy levels rapidly through institution of more schools and colleges; vouches for important policies that boost ease of doing business
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
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.
What can you do if a potential employer ‘ghosts’ you?
Ghosting is on the rise in workplace circles too, experts say, as technology is making it easy to both apply for jobs and ignore communication efforts
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.
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
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.
Malaysia Is Donating 18 Million Medical Gloves To China Amidst The Wuhan Virus Epidemic
2.3 million gloves have already been dispatched to Wuhan.
BofA sees Eskom among risks to spoil brief SA rally
'Investors are getting impatient and are looking for opportunities elsewhere' – investment strategist.
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.
Haj cost for Muassasah pilgrims remains RM9,980, says Mujahid
KUALA LUMPUR, Jan 31 — The cost for each Muassasah Haj pilgrim to perform the Haj this year will remain at only RM9,980 from the actual cost of RM22,900, Minister in the Prime Minister Department Datuk Seri Mujahid Yusof Rawa. He said the remaining cost of RM12,920 for each of the 31,600...
Economic Survey's 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.
Will house prices drop after Brexit?
What will the impact be?
Indonesian diplomats descend on virus-hit Wuhan to rescue trapped citizens
Faizasyah said the scheme of the evacuations – the schedule of which was still awaiting confirmation from President Joko "Jokowi" Widodo -- would be efficient and effective.
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
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.
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...
Truth about Trump economy
Trump may be a good president for the top 1% but he has not been good for everyone else COMMENT | JOSEPH E. STIGLITZ | As the world’s business elites trekked to Davos for their annual gathering, people should have been asking a simple question: Have they overcome their infatuation with US President Donald Trump? …
Unclaimed dividends increase from N103b to N130b in 2019, returns to public companies ─SEC
Registrars of public companies in Nigeria have returned all unclaimed dividends, which have been in their custody for 15 months and SEC
Japan Airlines: 25% of reservations for China flights canceled in past 10 days
TOKYO (Reuters) - Japan’s second-biggest carrier, Japan Airlines Co, has seen 25% of reservations for China flights canceled in the past 10 days, an executive said on Friday, amid growing concerns over the coronavirus epidemic.
ICBC adjuster charged
A North Vancouver ICBC claims adjuster has been charged with defrauding and stealing from the Crown corporation.
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.
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
This US-based startup helps acquire new skills at affordable prices; check details
With offices in Bengaluru and the US, Springboard has got 15,000 students in over 100 countries around the globe, of which 80 per cent are in the US
U.S. commerce secretary says coronavirus will help bring jobs to North America
U.S. Commerce Secretary Wilbur Ross said Thursday he believed the coronavirus outbreak that has left millions under lockdown in China will help return jobs to the U.S. and Mexico.
Three suspects arrested in Maltese bank cyber-heist
Suspects used stolen funds to buy Rolex watches, along with a Jaguar and an Audi A5.
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.
What will happen to the Pound after Brexit?
Just what will happen to the exchange rate?
Ultrasound firm suspended by health bosses goes into voluntary liquidation - leaving several members of staff unpaid
'Obviously we are very upset'
'Budget 2020 must focus on Digital India, Nasscom, IT'
Dr Amit Nagpal, President, Bloggers Alliance The first priority of Budget 2020 should be Digital India.
ZESA Announces City Wide Electricity Blackout…Check Areas And Time
ZESA Announces City Wide Electricity Blackout Power utility ZESA has announced that there will be a city-wide electricity blackout on Sunday. According to the struggling power utility, during the 12-hour blackout, it will be carrying out essential maintenance. The blackout will cover the majority of the capital and will last from 6 am to 6 …
Airbus paying $4-billion to settle corruption probe, exposing bribery allegations
The plane maker has been investigated by French and British authorities for suspected corruption over jet sales dating back over a decade
Eaton maintains its B-BBEE Level 1 status
Eaton has maintained its B-BBEE Level 1 status for the third year in a row setting the lead amongst the top power management companies in South Africa.
Nairobi-based lobby urges Treasury to rescind decision on implementation of turnover tax
NAIROBI, Kenya, Jan 31 – A Nairobi based lobby group representing small traders has appealed to the Ministry of Treasury to halt the implementation of the Kenya breaking news | Kenya news today |
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 ...
As Coronavirus death toll rises, countries tighten curbs on travel to China
The US and other countries tightened travel curbs on Friday and businesses said they were facing supply problems because of the coronavirus in China.
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
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
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…
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
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.
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.
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.
Malaysia plans tougher penalties for illegal loggers in forest law reform
PUTRAJAYA, Jan 31 — Malaysia is set to beef up its decades-old forestry laws this year in an effort to protect its rainforests from illegal loggers, a senior minister said today. The move would stiffen penalties, including fines and jail terms, for those found guilty of cutting down trees without...
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
Economic Survey raises more questions than answers for pharma industry
Economic Survey 2019-20: The pharma industry is left in a fix after the Economic Survey 2020 came out today. Here's all you need to know
Ukraine court puts freeze on Ferrexpo unit's shareholding – media
Ferrexpo's operations remain unaffected and continue as normal.
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.
It would be a mistake for Malaysia to raise locally assembled vehicle prices – German ambassador
BMW Malaysia exports the G30 520i to the Philippines Last week, the automotive industry received confirmation from the finance ministry that there will be
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).
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.
Taiwan revokes Far Eastern Air Transport’s operating license
Compensation arrangement for ticket holders will be worked out early February.The Ministry of Transportation announced Friday (Jan. 31) it was revoking the operating license for Far Eastern Air Transport (FAT), the airline which suspended its flights last December 13 amid financial troubles.
Toyota invests in flying cars
Auto giant joins aviation specialist to develop urban air mobility solutions Toyota has announced a partnership with aerospace company Joby Aviation to begin development and production of electric vertical take-offand landing (eVTOL) aircraft – better known as flying cars. The Japanese car-maker has announced a lead investment of $US394 million to help fund the $US590m …
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.
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
Deribit to Offer Daily Bitcoin Options
Crypto derivatives platform Deribit will offer a daily Bitcoin index options to its client base.
S. Korea's 2nd chartered plane leaves for Wuhan for evacuation
A second chartered plane left for the coronavirus-hit Chinese city of Wuhan on Friday to evacuate some 350 South Koreans from the epicenter of the outbreak of the deadly virus. The Korean Air passenger jet departed from Gimpo International Airport in western Seoul with a quick response team of around 20 medical and quarantine officials on board. The flight came more than 12 hours after South Korea brought home 368 pe...
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 ...
Satoshi Nakaboto: ‘We should be investing in blockchain, says Andrew Yang’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
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.
Nonprofit Receives Grant to Help Prevent Local Oil Production
Santa Barbara County faces a tripling of onshore oil production. Three oil companies are proposing to drill and operate over 700 new wells in Cat Canyon Oil Field, posing dangerous threats to clean air, clean water, public safety, and our climate. What’s more, these oil companies are not proposing conventional oil drilling, which is risky enough, but rather they are seeking permits for extreme, enhanced oil extraction processes known as cyclic steam injection and steam flooding, which are far riskier and more energy intensive than traditional drilling. The Environmental Defense Center (EDC) has just received $10,000 in grant funding from the Fund for Santa Barbara to help confront this major threat.
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.
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
Chinese airlines to do ferry flights to KK to bring citizens home
KOTA KINABALU: Flights that are still coming from China to Sabah despite the state government’s announcement of temporary cancellation with immediate effect yesterday are meant to fetch home citizens of People's Republic of China (PRC).
Coronavirus: NZ businesses exporting to China take a hit
New Zealand exporters are nervously waiting to see how big an impact the deadly coronavirus will have on their businesses. The disease is spreading across the globe and has killed at least 171 people and infected thousands. Restrictions in China on travel and public gatherings to try to contain the outbreak are putting the squeeze on New Zealand firms doing business in the country. New Zealand Rock Lobster Industry Council chief executive Mark Edwards said the live lobster export business had ceased after a huge drop in demand. He said the timing - during Chinese New Year, a peak period for demand and goods prices - was unfortunate.
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
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.
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
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.
Health minister: Registration of students from Wuhan suspended temporarily
KUALA LUMPUR, Jan 31 — The Education Ministry (MoE) is temporarily suspending the registration of students from the city of Wuhan in China’s Hubei province at all Malaysian education institutions due to the 2019 novel coronavirus (2019-nCoV) outbreak. Health Minister Datuk Seri Dzulkefly Ahmad...
Lilly posts higher-than-expected profit as new drugs lift outlook
Eli Lilly has posted higher-than-expected profit on the back of increasing demand for its newly launched drugs, despite fighting continued price erosion and pressure in the US.
10,000 Chinese tourists cancel trips to Bali over coronavirus fears: Travel group
The chairwoman of Indonesia Travel Agent Association, Elly Hutabarat, said on Thursday that there were cancellations both ways, from China to Indonesia and Indonesia to China.
Rail investment ‘fantastic news’ for Northland, says Reade
January 31, 2020
Pakistan suspends direct flights to and from China over virus fears
According to sources, direct flights to and from China will remain suspended till February 2.
Trump's 6 Words Have Social Security Beneficiaries Terrified
Will the Trump administration cut Social Security spending?
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.
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
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.
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. [...]
MP applauded for leading the process to revive dormant market
news, story, article
Reports conflict over most recent bailout of Apple supplier Japan Display
Apple supplier Japan Display has denied having signed a deal worth 100.8 billion yen ($925M), after its shares were suspended over reports.
In The Last Lap: Modi’s Ambitious Interconnectivity Project Between India, Nepal And Bangladesh A Step Closer
New Delhi plans to extend this agreement to include Myanmar and, subsequently, other South-East Asian nations.
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.
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...
Budget 2020: How FM Nirmala Sitharaman's fiscal deficit math is likely to move Sensex, Nifty on Feb 1
Budget 2020: An increase in fiscal deficit target in view of the ongoing economic slowdown may not negatively impact the market since elevated level of expenditure is expected to result in higher demand in Indian economy
Amazon hits 500K force
Need more proof that Amazon is big? It came this week.
Cosatu to present R254bn Eskom rescue plan
The plan could reduce Eskom's debt by more than half.
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
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.
Google says govt needs to allay fears before mandating sharing of non-personal data
Chetan Krishnaswamy, director of public policy at Google, said there were concerns around intellectual property rights, possible de-anonymisation of personal data, legal liabilities and a lack of safeguards. He made these comments at a panel discussion at ITechLaw conference in Bengaluru on Friday.
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 ...
Oyo rubbishes reports of large-scale partner loss, and exiting businesses
Currently, Oyo largely operates under three models - franchisee, leased and owned assets. The rooms under the franchisee model accounts for the largest number of its inventory of nearly 3 lakh rooms in India
Chainlink Boosts Ethereum DeFi with New Price Reference Data Networks
Chainlink’s Price Reference Data oracle networks vastly expand the amount of secure and reliable data accessible to Ethereum Dapps
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...
Airbus ran ‘massive’ bribery scheme to win orders
European aerospace group to pay €3.6bn in penalties to regulators in France, UK and US
Tech Mahindra to pick 70% stake in Cerium Systems
The cash transaction is expected to close by April 1, 2020.
Airbus paying £3bn to end global corruption probes
Courts in France, the US and the UK considering their own parts of the deal.
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.
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
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.
Germany wants to conclude Brexit talks by year's end: minister
BERLIN (Reuters) - Germany wants to do all it can to conclude outstanding negotiations with Britain on its future ties with the European Union by the end of this year, Economy Minister Peter Altmaier said on Friday.
Turkish tourism revenues jump 17% to $34.5 billion in 2019
2019 saw a booming tourism sector in Turkey with a 17% surge in revenues and a 14.1% rise in the number of visitors as the country is focused on further expanding the sector this year
Budget 2020: Challenge for Indian Finance Minister is to Balance Growth, Fiscal Deficit
New Delhi (Sputnik): Amid the slowdown in the Indian economy, the government lowered its national income growth forecast from 7 percent to 5 percent for the current fiscal year. The Economic Survey tabled in Parliament on Friday pegged growth for 2020-21 at between 6 and 6.5 percent.
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
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
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'
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
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
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.
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.
Airbus to pay around €1b in UK slice of global bribery settlement
LONDON, Jan 31 — Airbus, the world’s largest aircraft maker, will pay just under €1 billion (RM4.3 billion)in a British settlement to draw a line under a three-and-a-half year criminal investigation into allegations of fraud, bribery and corruption. The deal under a three-year Deferred...
US' China travel ban an 'overreaction' to WHO declaration
The US warning against traveling to China due to the novel coronavirus spread is an overreaction, which would greatly hurt global tourism and hinder people-to-people exchanges, Chinese experts say.
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
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.
Delta, American Airlines suspend China flights amid coronavirus outbreak
Delta and American Airlines are temporarily suspending all of their United States flights to China amid the ongoing coronavirus outbreak.
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...
Airbus Agrees to Pay $10Mln Fine for Violating US Arms Export Control Act - Statement
WASHINGTON (Sputnik) - Aircraft manufacturer Airbus has agreed to pay a $10 million fine for allegedly violating the US Arms Export Control Act by providing false information about its compliance with existing rules on arms sales overseas, the US Department of State said in a statement on Friday.
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.
EU bank regulators lay out tougher doomsday stress test
EBA factors in period of ‘low for longer’ rates and 4%-plus economic contraction
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
DTA tweaks IT contracting rules to help government get on with agile
Changes also put supplier performance under the spotlight.
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.
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.
Hindustan Unilever clocks 4% sales growth
Firm hit by weak consumer sentiment
Economic Survey 2020: 60% women in world's fastest growing economy do housework
Women's participation in labour force reduced to 25.3 per cent in 2017-18 from 33.1 per cent in 2011-12, Economic Survey found
Corporate clients could provide a lower-cost path to electric vehicles
A U.K. startup landed a $400 million order for 10,000 electric UPS trucks.
Delta, American airlines halt flights to China amid coronavirus outbreak
The two largest US airlines plan to suspend all flights to China amid the country’s mushrooming coronavirus crisis. American Airlines is halting trips to and from mainland China on Friday
FG mulls release of 2021-2025 Medium Term Development Plan
The Federal government says the successor Medium, Term National Development Plan: 2021-2025 will be ready soon.
Half of BSNL TS staff opts out
About 5,000 employees take VRS
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.
Neemuchwala quits Wipro, analysts say it’s good for tech giant
‘His tenure was fraught with struggles’
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
Processes of exports, imports at KIA have improved vastly: Economic Survey
‘This is after implementation of authorised economic operators policy in 2016’
About 12, 787 farmers benefit from PFJ in East Mumprusi Municipality
news, story, article
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
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
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 . . .
Lyft Has 99 Problems, But This Ain't One
Lyft has several problems today, but low barriers to entry might not be one of them.Each price cut by Lyft increases the cost of entering its industry because Lyft's own prices are the cap on payments
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.
A warning about 'ghost' tax preparers
It's tax season, and who you choose to file your taxes matter. The IRS issued this warning about unethical ghost tax preparers.
New tax rules mean millions will get an extra £104 from April
It will affect around 31 million full-time workers
You can buy a flight from Hong Kong to New York for $201. The catch? You have to stop in Wuhan for 6 hours.
Wuhan, a city in central China, is at the epicenter of a global coronavirus outbreak that has infected almost 10,000 people and killed over 200.
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.
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.
To mask or not to mask: confusion spreads over coronavirus protection
SINGAPORE/KUALA LUMPUR (Reuters) - “Do not wear a mask if you are well” read a warning plastered across the front of Singapore’s main newspaper on Friday, as authorities around the world sought to calm panic buying of masks seen as a guard against the fast-spreading coronavirus.
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...
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
Maria Bartiromo believes Trump will strike trade deal with Europe this year
President Trump will clinch a trade deal with Europe within the next year, Fox Business host Maria Bartiromo said Friday.
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.
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.
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
Coronavirus outbreak: Do not travel to China, U.S. tells citizens
Japan also advised citizens to put off non-urgent travel to China, while Bahrain recommended no travel to any country hit by the virus, and Iran urged a ban on all travellers from China.
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
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.
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
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.
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.
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
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.
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.
Corona virus: BMW extends factory vacation in China
The current plant vacation to celebrate the New Year will be extended by one week until February 9 in all three BMW Group plants in China
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
The New Way of Investing That’s Making Airbnb Hosts a Fortune
Presented by T1 In the past, there has really only been one mainstream way of making money from the investment in…
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.
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.
Greece still records highest youth unemployment in Europe
Greek City Times Article
30 years later, Economic Survey lays down the ground for Liberalisation 2.0
Embracing capitalism in a new avatar
Singapore bans China travellers to keep out coronavirus
Singapore said on Friday it was banning entry to all Chinese visitors and foreigners with a recent history of travel to China in some of the most far-reaching moves worldwide to deter the fast-spreading coronavirus.
The Bubble: Bigger, Fatter, Uglier
Reflecting on presidential debate proclamations past.What progress has been made in addressing the big, fat, ugly bubble identified in September 2016?What are the implications of the bigger, fatter, u
Does Sensex really mirror the economy?
Change in index constituents also influenced by trading volume, market capitalisation
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.
Prosecution objects to Najib, family examining items seized by police
KUALA LUMPUR: The prosecution is opposing an application by Datuk Seri Najib Razak and his family for permission to physically inspect items allegedly purchased using funds siphoned from 1Malaysia Development Bhd (1MDB) which were seized from them shortly after the 14th General Election (GE14) .
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.
Coronavirus: SEAMATA urges traders to avoid business trips to China
southeast Amalgamated Market Traders Association, SEAMATA, has urged traders to shelve all business trips to China
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
Roundtable Session on “25th Anniversary of Permanent Neutrality of Turkmenistan” held at CGSS
A Roundtable Session was held at the Center for Global & Strategic Studies (CGSS) in Islamabad on Friday on “25th Anniversary of Permanent Neutrality of Turkmenistan”.
Number of foreign workers in Japan totals record 1.66 million
Chinese accounted for a quarter of the total with 418,327, followed by 401,326 Vietnamese and 179,685 Filipinos, the labor ministry says.
'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
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.
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
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
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.
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 ...
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.
OYO Hotels & Homes selects Sabre as its long-term strategic partner
SINGAPORE and ATHENS – Sabre Corporation has signed a strategic long-term global partnership with OYO Hotels & Homes. With this partnership, OYO will be connected to almost 900,000 travel agents globally, through the GDS connectivity solution powered by Sabre Hospitality Solutions’ innovative SynXis platform, that will help OYO generate increased bookings and open up additional revenue opportunities for its asset owners worldwide. Maninder Gulati, Global Chief Strategy Officer, OYO Hotels & Homes said, “At OYO Hotels & Homes, we have built
Asia shares fight for footing after turbulent week
Asian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
Jeff Bezos added £10,000,000,000 to his fortune in just 15 minutes
The world's richest man just got richer.
Thailand and UK confirm coronavirus cases, Japan steps up measures - Risk takes a hit
The risk sentiment is witnessing a fresh knockdown as the coronavirus outbreak is rapidly spreading outside China, with Thailand confirming its first
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.
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 [...]
EEP Africa: grant financing for early-stage clean power projects
EEP Africa has opened a call for proposals aimed at applicants in need of grant financing to implement innovative early-stage clean energy projects in Southern and East Africa.
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 ...
US tells its citizens 'do not travel' to China because of coronavirus
The United States has told its citizens "do not travel" to China, raising its advisory status to the highest level of alert because of the coronavirus epidemic.
How analytics can help expand market share and generate revenue
Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.
Economic Survey 2020: Theme, Colour, Significance | All You Need to Know
"As PM Narendra Modi said wealth can't be distributed unless it's created," said the CEA explaining why wealth creation has been chosen as the theme of this year's economic survey
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.
UPS innovation: Protecting critical loads and the national grid
Data centre technology, specifically uninterruptible power supplies (UPS), can be used to support the power grid and balance the load.
NBI advises personnel to take precautions against nCoV
The National Bureau of Investigation (NBI) has advised its personnel to take necessary measures to avoid getting infected with the 2019 novel coronavirus (nCoV).
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
Sorry Bernie and AOC: 'Free' Healthcare Isn't Free
Everything is a trade-off. Is it worth it?
Easyjet reveals electric plane that will make flying greener and cheaper
The Wright 1 plane will be able to fly for an hour, meaning it could be used on short-haul flights such as London to Paris or Amsterdam
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.
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.
Raising funds for infrastructure will be "challenge": Economic Survey
States that well prepared projects might attract investors
Brexit day: All change on January 31?
At the stroke of midnight, the UK enters into an 11-month transition period
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,...
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...
Business Development Ministry is uselessly needless – Mahama
Former President of Ghana, John Dramni Mahama says it’s needless to have set up the Business Development Ministry. Akufo-Addo in his tenure has set up the Business Development Ministry to promote the private sector in Ghana. But speaking to a section of the media in a Facebook Livestream event, the former President noted that it was needless setting up that Ministry. “I don’t think that you need a Business Development Ministry to promote Private Sector Growth. We had the Ministry of Trade that was handling aspects of it, Finance was handling aspects of it and all that and I think that that is sufficient.” The flagbearer of the NDC indicated that he hasn’t seen anything that the Business Development Ministry since it was set up has done to boost the private sector.
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
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…
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
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₮).
Beyond Brexit: What will change after the UK leaves the European Union?
ITV News' experts and special correspondents have been thinking about how the landscape could change in their respective fields post-Brexit. From the difficulties of securing a "deep and meaningful" trade deal to potential staffing shortages in the NHS, life outside the Brussels club will present many challenges.
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.
Indonesia says China clears planes to evacuate Indonesian citizens from Hubei
JAKARTA (Reuters) - Indonesia’s foreign minister said on Friday that China had cleared planes to fly to the virus-hit Chinese province of Hubei to evacuate Indonesian citizens from the area.
Shareholder Capitalism Isn't Dead, It Just Changed Its Name to Stakeholder Capitalism
In our headlong search for what comes after shareholder capitalism, we have at long last discovered that stakeholder capitalism is still the same capitalism. And that's good news.
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
Major developments for Cullompton and Tiverton go to consultation
Plans for 500 homes and Cullompton regeneration go to the public
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...
SiteMinder-backed research reveals an increasingly tech-savvy independent hotelier on the rise
LONDON, UK – New research backed by SiteMinder reveals that today’s independent hoteliers have a greater awareness and appetite around technology when it comes to their marketing and distribution strategies. According to eHotelier’s Marketing & Distribution 2020 Journal, 68.4 percent of independent hotels already have a digital marketing strategy implemented for their business and a further 24.4 percent intend to implement their strategy over the coming year. Only 7.2 percent of independent hoteliers do not understand the relevance of a digital marketing
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.
Sasol expects earnings to collapse 69%
Oil price, softer global margins and Lake Charles project weighs on first-half earnings
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
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
Fife electric vehicle users will have to pay to use public charging points from April
Drivers of electric vehicles in Fife will soon have to pay to top up at public charging points.
Rand marks time as China virus, power cuts weigh
Investors clutch at hopes that China can contain the spread of the coronavirus.
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).
Banking Association Reassures Lebanese their Deposits Are Safe
The head of the Association of Banks in Lebanon, Salim Sfeir, has made assurances that deposits are safe and that the temporary measures were only aimed at managing the current crisis. “Things will soon return to normal as the new government begins t
Around 400 Indians to be evacuated from Wuhan: Air India CMD Ashwani Lohani
The flight will include all necessary resources like masks, medical equipment, packed food, prescribed medicines, along with a team of five doctors from the Health Ministry, and paramedical personnel from Air India
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.
SK Hynix, Inc. (HXSCL) Q4 2019 Results - Earnings Call Transcript
SK Hynix, Inc. (OTC:HXSCL) Q4 2019 Earnings Conference Call January 30, 2020, 07:00 PM ET Company Participants Sanghoon Park - Head of IR Jin-Seok Cha - CFO Conference Call Participants Hyunwoo Doh -
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
WHO declares global health emergency as coronavirus death toll climbs to 213
Many nations have already urged their citizens not to visit China, while some have banned entry for travellers from Wuhan
PROMOTED: Drive 10x your Revenue and Value at this year’s Sales...
Sales Leadership Conference (SLC) is West Africa’s biggest convergence of revenue leaders across corporate Nigeria..........
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city
London is getting yet another cab-hailing app.
Hong Kong’s disruption is Sydney’s opportunity
Hot Property
Bank of Lithuania Looks into Central Bank Digital Currency
Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All
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.
Quality scores, along with amenities
Cost reduction is no longer the sole concern for buyers in affordable housing projects. By M.A. Siraj
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.
Unilever considers selling tea brands as UK hot tea sales are on a downward trend
Following on from the recent news (30th Jan 2020) of Unilever looking to sell their PG Tips and Lipton brands, Arian Bassari, Consumer Analyst at GlobalData, a leading data analytics company, offers his view on these developments.
Weekend Reading: 1-2 February 2020
Global Macro / Markets / Investing:
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.
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’.
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
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.
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
Airtel, Telkom Now Want CAK Merger Conditions Reviewed
Airtel and Telkom Kenya now want merger conditions set by the Competition Authority of Kenya (CAK) reviewed and done away with.In a suit at the Competition Tribunal, the telcos want the conditions
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.
Budget 2020: PPF limit may increase to Rs 2.5 lakh from Rs 1.5 lakh
Budget 2020: The ministry is also planning to permit tax exemptions of up to Rs 2.5 lakh for savings under Section 80 C (of the Income Tax Act)
Ford Stock Is a Neutral Play in 2020
The automaker has an opportunity for growth in China but it’s got to deliver in a market not favoring light vehicles.
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.
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).
Smoothing Bumpy Cash Flow For Small Town Governments
Springbrook discusses the cash flow challenges of local governments prioritizing timely supplier payments and budget transparency.
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
Japanese billionaire cancels search for girlfriend to take on SpaceX trip
Back in 2018, Maezawa, who founded Japanese online clothing retailer Zozotown, had been named as the first passenger on Elon Musk’s SpaceX rocket flight around the moon, which is scheduled to take place in 2023. His original idea was to…
Overspending the theme, but Canadians already digging themselves out of holiday debt: poll
On average, we spent $459 more than planned
SMSF trustees need simpler, cheaper regulation
Looking for straightforward advice and getting tied up in paperwork or high fees? Why it's time for change.
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city, Business Insider - Business Insider Singapore
Business Insider - Ola is a rival to Uber, but shares the same big investor.. Read more at businessinsider.sg
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
The great Baillieu stockbroking sting
Should two Melbourne brothers have picked up on the signals coming from a mysterious Arab financier that he was part of an elaborate entrapment?
Oyo cuts staff strength by about 2,000, exits 200 cities as part of restructuring
Oyo claims that although it has slashed a significant workforce, there has been a lot of support that the start-up has given to the employees who have been asked to leave
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.
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.
Economic Survey 2020: CEA Subramanian sees fiscal slippage in FY20
Subramanian said the country might have hit the trough in growth and expressed his confidence in achieving 6-6.5 per cent growth in fiscal year 2020-21
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
ExxonMobil and Chevron report fourth-quarter earnings declines
US oil majors knocked by tighter margins, chemicals weakness and writedowns
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,...
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
China car sector to take hefty first-quarter hit from virus but 2020 outlook not necessarily grim
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 ...
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
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)
Bitcoin Is Up 32% This Month – On Track for $152,000 Year-End?
As Jan 2020 ends, bitcoin is up 32% this month. As one analyst points out, if this continues every month, BTC will reach $152,000 by Dec.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
Staff share in €54m payout after US takeover of Decawave
Chipmaker gives new owner access to fast-growing market for Irish group’s technology
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
Blackpool council to fund children’s services by cutting up to 75 jobs
Council tax to rise by maximum 4% as local authority tries to address social care failings
EA made nearly a billion Dollars in the last quarter thanks to “Live Services”
Publisher Electronic Arts has reported on its quarterly earnings for the last three months of 2019, and they’ve made an awful lot of money on their “live services” which is a bit of a catchall-term…
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.
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.
What Farmers Are Reading This Week, January 24-31
This week featured a shake-up in markets that took center stage. Aside from markets, news about the Navigable Waters Protection Rule gained traction after a new definition was released. John Deere, the EPA, and Brazil’s soybean harvest all also popped up in this week’s news. To catch up on last week's hot topics, follow the Successful Farming staff's work in the previous recap.
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
7.3% Yield, Monthly Pay Opportunity From HFRO
Most fixed income products are getting expensive, including preferred stocks and bonds.Yet we keep finding nice opportunities for fixed income investors.HFRO has traded flat recently while most fixed
3 Big Things Today, January 31, 2020
Corn and soybean futures were little changed amid concerns about the coronavirus.
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 ...
Writers Guild hopes new streaming laws will reverse 'service industry' trend
TORONTO - Amid talks about regulating foreign streaming services in this country, the Writers Guild of Canada is sounding the alarm on what it says is a tro
Kevin Greenard: Decline in the value of your cash savings
The average life expectancy for females and males in Canada is 84 and 80, respectively. Many people are living well into their 90’s, resulting in many retirees having to update financial plans . . .
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
Three major trade unions to jointly fight for enhancement of minimum wages
‘State government dilly-dallying over release of order on the issue’
Budget 2020: James Wilson, the man who brought budget, income tax to India
Budget 2020: When James Wilson introduced the Income Tax, the act severely impacted the mood of the businesses as well as the feudal lords
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.
Medal for former ECB chief Draghi divides Germans
Months after the end of his term as president of the European Central Bank, Italian economist Mario Draghi will receive Germany's highest honour ...
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
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.
US GDP reverses rout ahead of gap risk
Higher than expected US GDP growth helped turn a European share rout into a US rally overnight. However a weaker inflation component to the national accounts spurred bonds higher. Industrial commodities fell further, and gold held higher ground, in clear signs of concern. Cautious Asia Pacific trading is possible ahead of key event risk over the weekend.
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
Australia airport staff threaten strike without virus protection
The union representing security workers at Australia’s biggest airports threatened to strike unless members are given equipment to guard against the new coronavirus.
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 ...
FINRA’s Executive VP for Regulatory Policy to Retire
FINRA announced this week that its Executive Vice President for Regulatory Policy and Legal Compliance Officer, Tom Selman, will be retiring.
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…
China to fly overseas citizens back to virus-hit Hubei province
BEIJING: The Chinese government has decided to send charter planes to bring citizens from virus-hit Hubei province who are overseas back "as soon ...
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
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.
‘Rich people own stocks. Poor people own houses’
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web
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.
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
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
Singapore to suspend entry to travellers, including transit passengers, with recent China travel history
SINGAPORE, Jan 31 — Singapore said today it was suspending entry to travellers with a recent history of travel to China and suspending visas for Chinese passport holders, to stop the spread of the coronavirus. The ban, effective from tomorrow, will exempt Singaporean residents and work permit...
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...
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...
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 …
How African countries are responding to Coronavirus
Beijing’s push to expand its influence on the youthful African continent means Africans now make up the second-largest population of foreign students in China, behind those from elsewhere in Asia, a
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.
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
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 …
These 3 Numbers Explain Why Amazon Is Dominating Everything Right Now
Amazon's best-ever quarter is about these three things.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
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...
1,084 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→
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.
Pakistan Suspends Flights to China a Day After WHO Declares Global Health Emergency Over Coronavirus
New Delhi (Sputnik): Airlines around the world have been suspending all flights to China following the outbreak of the virus which has already claimed the lives of over 200 people.
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
Telecoms group Orange chooses Nokia and Ericsson for French 5G network
PARIS, Jan 31 — Orange, France’s biggest telecoms company, said it had chosen Nokia and Ericsson to deploy its 5G network in mainland France, as China’s Huawei Technologies faces intense political scrutiny in Europe. “For Orange, the deployment of 5G represents a huge challenge and is one...
Tax rule changes mean millions of people will get an extra £104 a year from April
31 million people will see some extra cash in their accounts
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
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
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
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.
Short-term labour shortages on cards for Suffolk and Norfolk farms post-Brexit
East Anglia's farmers are set to count the cost of Brexit with a labour squeeze and higher costs - although there will be opportunities to develop stronger domestic supply chains, a report suggests.
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.
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
Ripple Price Analysis: Following 8% Weekly Gains, Did XRP Finally Find The 2020 Bottom Against Bitcoin?
TL;DR XRP increased by a further 1.33% over the past 24 hours, resulting in a weekly increase of over 8%. Against Bitcoin, XRP rebounded from the support
Clear skies over most parts of Oman
PACA said in its forecast for Friday
U.S. could face difficulties sanctioning Danske over money-laundering: report
COPENHAGEN (Reuters) - U.S. authorities could face difficulties fining Danske Bank (DANSKE.CO) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
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...
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
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 …
Zameen.com synergises data, technology and expertise to reboot Pakistan's property sector
The game-changing tool Property Bank aims to make unaddressed property listings approachable
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
Parliament asks gov’t to avail UGX 10.3b for UNESCO conference, Dubai expo
Kampala, Uganda | THE INDEPENDENT | Parliament has directed government to avail additional funding of 10.3 billion shillings to the Tourism Sector to among others enable the hosting of the 45th session of the UNESCO World Heritage Committee Conference. This followed the adopted of the Budget Committee report on the financial year 2020/2021 budget framework paper …
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.
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...
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.
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
NCDMB, Rungas to establish cooking gas cylinder plant in Bayelsa
The Nigerian Content Development and Monitoring Board, NCDMB, yesterday, said it has entered into partnership with Rungas Prime Industries
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.
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
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.
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.
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
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
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
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
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 ...
I would have classified the banks into three Tiers - Mahama
news, story, article
HUL reshuffles top management team
Prabha Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care, the FMCG major said in a statement. Nair will take over from Sandeep Kohli, who will relocate to Dubai as VP – Beauty & Personal Care for our North Africa, Middle East, Turkey and Russia markets, it added.
Tax rule changes will see millions handed an extra £104 from April
31million people will see a cash boost - this is why
Market movers: Stocks that saw action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
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.
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
Chinese planes to bring overseas Wuhan citizens back to virus-hit city
China sent two planes to Malaysia and Thailand on Friday to bring "stranded" Hubei province residents back to the virus-stricken city of Wuhan, authorities said.
Fearing spread of virus, Singapore bars arrivals from China
Singapore has atleast 13 confirmed infections of coronavirus
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
Chinese city of Wuhan says it should have acted sooner to contain virus
BEIJING (Reuters) - Wuhan, the epicenter of a coronavirus that has quickly spread beyond China’s borders in recent days, should have taken measures sooner to contain it, the city’s Communist Party chief said on Friday.
Insolvency law reduces resolution time for stressed assets to 340 days: Economic Survey
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets. The survey, tabled in the Parliament on Friday, also said resolution under the Code has been much higher as compared to other processes.
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 ...
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.
New Zealand Box Office continues to Impress in 2019
FRIDAY 31ST JANUARY 2020
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.
Orange selects Nokia and Ericsson for 5G network roll-out in France
Orange announced that it has chosen Nokia and Ericsson to support its 5G deployment in France. The two companies are both long-term partners of the operator, already providing RAN equipment for 2G/3G/4G infrastructure. Nokia will continue to serve the western and south-eastern areas of the country, while Ericsson will remain the main supplier for the Ile-de-France, north-east and south-west regions.
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.
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.
Core industries output rise 1.3% in December after four months of decline
The growth came on the back of rise in output in coal, fertiliser and refinery products sectors. However, production of crude oil, natural gas, and electricity contracted during December
East African airlines suspend China flights due to coronavirus
NAIROBI/KIGALI (Reuters) - Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice after a virus outbreak killed more than 200 people in China and spread to 18 countries.
India Set to Move Towards Chinese Model to Expand Exports, Create Jobs
New Delhi (Sputnik): The Indian Finance Ministry has been trying to attract investments from foreign companies into India. The cut in corporate tax rates came as a push to attract investments by technology companies looking for avenues outside of China, amid Beijing’s ongoing trade war with Washington.
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.
Trade unions to back Bord na Móna worker protest tomorrow
A protest march which will be held by Bord na Móna workers tomorrow has been backed by the Irish Congress of Trade Unions.
FCA Flags Capital International Management Company
The FCA regulator has warned against Capital International Management Company, a clone of European Economic Area (EEA) authorised firm.
SLEX to close lanes and exits for Skyway extension
SLEX, Skyway sections and exits will be closed starting Feb 16. Motorists advised to take alternate routes
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.
Do government budget cuts mean austerity isn't over yet?
Sajid Javid, chancellor of the exchequer, had promised before the general election that he would end austerity
Who is Arvind Krishna?
Krishna joins a unique club which includes the likes of Microsoft CEO Satya Nadella, Google and Alphabet CEO Sundar Pichai, MasterCard CEO Ajay Banga, PepsiCo’s former CEO Indra Nooyi and Adobe CEO Shantanu Narayen.
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%, hoping to raise $4 billion from the sale.
Correction directions issued over claims of Singaporeans contracting Wuhan coronavirus, shortage of masks
SINGAPORE: Several correction directions have been issued over false claims to do with the Wuhan coronavirus situation in Singapore, the ...
British, EU level trade playing field possible but difficult: Irish PM
DUBLIN (Reuters) - There is scope for the European Union and Britain to agree to maintain equal standards in a future trade deal, but coming to such an agreement will be hugely difficult, Irish Prime Minister Leo Varadkar said on Friday.
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
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
China to bring home all Hubei residents from overseas
BEIJING: The Chinese government is to send charter planes to bring citizens from virus-hit Hubei province who are overseas back
Two-day PSU bank strike over wage revision impacts services across country
However, private sector lenders like ICICI Bank and HDFC Bank were operational.
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
Surge pricing for taxis to be proposed in NY City Council
Changes could be on the way for taxi drivers and passengers in New York City if a proposal being introduced in New York City Council Friday becomes law.
$12M funding boost - regional water storage and use project
12M funding boost - regional water storage and use project
US, India cooperation in Indo-Pacific based on shared commitment to uphold rule of law: State Department
Briefing the media about US President Donald Trump's vision in the Indo Pacific, Jonathan Henick, Deputy Assistant Secretary For Central Asia, said America, under its renewed commitment to the Indo-Pacific, was strengthening relations with partner nations that share the value of freedom and openness.
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...
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 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.
Brexit: what’s next? The crunch dates ahead and what investors expect - CityAM
The UK voted to leave the European Union by a margin of 52% to 48% in a referendum held on [...]
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
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
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.
Samsung to send donations to China
Samsung on Friday announced a donation of 10,000 articles of anti-contamination clothing, as well as 30 million yuan ($4.3 million) to support China’s response to the novel coronavirus, the company announced Friday. The donations will be sent to the Red Cross Society of China, via Samsung’s Chinese headquarters, it added. By Shim Woo-hyun (ws@heraldcorp.com)
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.
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.
Forget Legalization: CBD Is Good Enough for CRON Stock
Cronos’ acquisition of Lord Jones is perfect because the American consumer wants CBD, not marijuana.
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.
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.
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
UK govt warns travellers to EU of end to free mobile roaming
The UK government has issued new guidance warning that the guarantee of free mobile roaming across the EU, Iceland, Norway and Liechtenstein will end from 01 January 2021. This marks the end of the Brexit transition period.
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.
India bans export of protective masks, clothing amid coronavirus outbreak
NEW DELHI (Reuters) - India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak.
Pre Budget Expectations by HDFC Securities
HDFC Securities The Govt needs to give a serious push to improve the business environment.
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.
Canada not rushing to post-Brexit deal with Britain, as business urges calm
Prime Minister Justin Trudeau says he is confident that Britain's exit from the European Union later today will be an orderly process with minimal disruption to Canadian trade and investment.
France's Orange avoids Huawei in 5G rollout
The decision comes as the United States puts pressure on European nations to shut out Huawei, accusing it of ties to the Chinese government that could give Beijing the potential to spy on classified communications.
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Satellite connectivity drives Comtech acquisition of Gilat
Comtech Telecommunications is buying Gilat Satellite Networks for $532.5m, it has been announced.
With new projects’ vigour, Hyderabad’s real estate blooms out of slowdown blues
In the words of KT Rama Rao, Minister for IT, municipal administration and urban development, "Hyderabad's growth story and momentum have just begun." Even as the sector elsewhere stares at a slowdown, new projects are being started around Hyderabad.
China says U.S. move to raise travel warning is inappropriate
BEIJING (Reuters) - The United States’ decision to raise its warning level for travel to China is not in line with the facts and is inappropriate, a spokeswoman at the Chinese foreign ministry, Hua Chunying, said on Friday on the ministry’s website.
Aston Martin Lands Sugar Daddy in the Form of a Canadian Billionaire
A consortium led by Canadian billionaire Lawrence Stroll has agreed to buy a 16.7 percent stake in Aston Martin, pledging to increase that figure to 20 percent.
MagicLab billionaire Andreev to launch new mobile app business
Move follows sale of stake in $3bn company to Blackstone
The Co-operative Bank accredited as a living wage employer
The Co-operative Bank has become an accredited Living Wage employer.
BDO survey: US tech firms fear trade war and Chinese innovation
Tech company chief financial officers are bullish about their company's short-term futures but are distracted by numerous regulatory and data privacy issues.
Trudeau predicts orderly Brexit with minimal trade, investment disruption
Prime Minister Justin Trudeau says he is confident that Britain's exit from the European Union later today will be an orderly process with minimal disruption to Canadian trade and investment.
Airbus paying £3bn to end global corruption probes
Courts in France, the US and the UK considering their own parts of the deal.
UK trade bodies respond to points-based immigration proposal
UKIE suggests "little impact" on games industry, while TIGA welcomes attention given to creative and STEM sectors
3M Company: Buy The Crisis, Collect The Dividends, And Sell The Turnaround
3M is absorbing substantial restructuring costs and just announced 1,500 layoffs.The market's reaction to recent news is not totally unjustified, but we are not so easily swayed. Stoic investing is we
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
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 . . .
Consumer Sentiment Jumps Higher
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation. | Economy
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
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.
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.
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
Good start, companies — now keep raising wages!, Business Insider - Business Insider Singapore
Business Insider - We've been heading toward a "Better Capitalism," but if we're going to fix the American economy, companies need to keep raising wages.. Read more at businessinsider.sg
Economic Survey 2020 Details 'slump In 2019' But Predicts 'rebound To Achieve $5 Trillion'
A day before the Union Budget is presented, CEA Krishnamurthy Subramanian on Friday, presented the Economic Survey 2020 which spoke of how difficult 2019 was
Economic Survey 2019-20: Food inflation higher in urban areas
Economic Survey moots tighter monetary policy in case of food, fuel price shock
Council thanks those who helped shape budget decisions
The Council carried out a budget survey in the latter part of 2019 to encourage residents and businesses to have their say
Amazon rejoins $1tn club on back of blockbuster earnings
Bezos empire alongside Apple and Microsoft after further share price gains
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.
Countries tighten China travel curbs as official admits mishandling virus outbreak
People in China have so far directed their anger at local officials in Wuhan and Hubei, but the crisis could pose a challenge to President Xi Jinping.
Blockchain Consortium Hyperledger Releases Hyperledger Fabric 2.0
Hyperledger, a distributed ledger technology (DLT) consortium created by a host of highly reputed companies including Linux and IBM, has announced the release of the version 2.0 of Hyperledger Fabric, an enterprise-grade blockchain platform, according to a blog post on January 30, 2020.
It's easier to buy a gun in Delhi than to set up a restaurant: Economic Survey
"Although India has significantly reduced the time and cost of starting a business, a lot more needs to be done," it said.
Tech Mahindra profit dips 5% to ₹1,146 cr.
Firm’s revenue, however, rises 8% to ₹9,655 crore
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…
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.”
Super Bowl Ads from Trump and Bloomberg
The campaigns of President Donald Trump and Democrat Mike Bloomberg have purchased airtime during the preeminent TV ad event of the year: the Super Bowl. Both scheduled spots make claims that require context or further explanation.
Beavercreek drivers to pay tax increase for street work
Next year, Beavercreek drivers will pay a $5 increase when registering or renewing their motor vehicle licenses.
All Nippon Airways and Singapore Airlines deepen partnership with joint venture agreement
Strategic partnership aimed at providing customers with enhanced flight connectivity and access to a wider network.
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.
Nirdesh pins hope on Budget
₹200-crore package mooted to revive the project 4 years ago
Amazon stock soars following strong Q4 earnings report
Amazon shares are soaring after the e-commerce giant announced fourth quarter earnings that smashed expectations.
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
Banking services hit as employees strike work in Prakasam
20% hike in pay, five-day working week top their demand list
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.
Countryside service cuts planned
Cuts of £150,000 suggested as part of proposals for a council's housing and community development service could see staff replaced by volunteers.
Social Democrats propose affordable homes at €200k and the end to commuter hell in election manifesto
Entitled ‘Invest in Better’, the party said the document sets out a uniquely Irish version of the Nordic model”.
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
Thieves target non profit
For decades Venture Training has been assisting people with a variety of developmental challenges, so the loss of $800 is a huge blow to the non-profit group.
Budget process: What CSOs want
The organisations want the public given more time to make recommendations.
Big Fizzle: MoviePass Passes Away
And so it all ends in disappointment, like the umpteenth installment of a Stallone or Schwarzenegger franchise. For MoviePass and its parent company, filing Chapter 7 bankruptcy earlier this week means that what promised to disrupt an industry that has been around for more than a century – the movie business, of course – has itself been disrupted, and had been since the service was shut down in September. The filing means the companies will be sold, and the funds distributed to creditors. Those creditors include a list of more than 12,000 subscribers, and as the math works out, each of them may get about $100 in liquidation – if they get paid at all. The final shuttering comes after at least some subscribers complained that their cards were still being charged, even when the MoviePass service had gone dormant. Turns out the movie ticket subscription business has relatively low barriers to entry. MoviePass launched in 2011, was famed for its $10 monthly subscription service that allowed
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.
Countries On China's 'New Silk Road' Face Coronavirus Fears
Countries in and around China's "Belt and Road" trade routes in Central and South Asia are taking steps to protect themselves from the spread of the coronavirus. Pakistan has halted all flights to and from China, Kazakhstan has closed a flagship border free-trade zone, and Tajikistan is screening arrivals with thermal scanners.
OmiseGo-Backed Exchange Shuts Down
Go, the exchange powered by OmiseGo technology, has closed after months of negligible volumes and regulatory difficulties. Go Exchange Closes on Low
For start-up ecosystem to flourish, liquidity is the need of the hour
Tanuj Choudhry, Chief Business Officer, HomeLane India’s economic growth has been sluggish over the last few years and the impact has been concerning.
Jubilation as corps members receive N33,000 allowance
The National Youth Service Corps (NYSC) has commenced the payment of N33,000 stipend to corps members, months after the new minimum wage law was signed.
3 main US airlines suspend flights between US and China over coronavirus
Delta Air Lines, American Airlines, and United Airlines
Your business week: Halo Business Angel Network, SFA Business Connect 2020
Expert insight on hand from conference in Co Wicklow organised by Enterprise Ireland
Tractor Supply's Shopper Trends Turn Negative
The retailer blamed unusually warm winter weather for a sharp growth slowdown over the holiday season.
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.
Lagos okada ban: Motorcycle operators appeal to Sanwo-Olu
OPAY, Gokada, Maxng, and other commercial motorcycle operators on Friday took to the street in Lagos to protest the recent ban on okada
Wealthy are to be offered huge tax breaks by Uruguay’s new president to lure them to the country’s coastal resorts and help boost the economy as other South American countries crumble
Luis Lacalle Pou says he wants to offer residency to up to 200,000 by slashing the minimum amount of property foreigners need to buy to qualify.
ESM Goh says Singaporeans need to be wary of and pay heed to POFMA
ESM Goh says Singaporeans need to be wary of and pay heed to POFMA
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
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
Is 2020 set to be the year for farmers to act or to take stock?
East Anglian farmers wanting to buy or sell land should
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.
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.
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
Bank of Ghana’s corporate guidelines pushes some board chairs and CEOs out of office
The Bank of Ghana has revealed that several board chairs and Chief Executive Officers (CEOs) of banks in Ghana have left their positions.
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
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.
The real estate industry hopes for favorable financial decisions in budget 2020
Ashish Sarin, CEO, AlphaCorp Considering the role of the sector in economy, there is intense speculation and simultaneous optimism that the government would announce some growth measures for the segment.
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.
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.
Billionaire F1 owner leads rescue deal for 007 sport car maker Aston Martin: reaction
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
African Economic Outlook indicates steady growth through 2021
AfDB's 2020 African Economic Outlook shows that growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021.
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.
Gas goes up, gas goes down
The price of petrol continues to yo-yo in the North Okanagan.
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.
Oman advises against travel to China due to coronavirus outbreak
DUBAI (Reuters) - Oman’s health ministry on Friday advised against travel to China because of the coronavirus outbreak.
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).
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.
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
New GCC Secretary-General Stresses Gulf System Cohesion
The new Secretary-General of the Gulf Cooperation Council (GCC), Dr. Nayef Al-Hajraf, has vowed to maintain the Council’s path and to translate the GCC leaders’ directives on the ground to achieve further progress and prosperity. During a handover ce
Drug Price Control Order led medicines to become costlier: Economic Survey
Survey urges government to opt for bulk procurement to provide affordable drugs
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
Economic Survey 2020: The thali, India's own Big Mac Index
What Subramanian has done is somewhat similar to the Big Mac index, but at a national level. He has mapped out what a regular thali costs at a regional level and at the state level from 2007/08 to 2019/20
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
Economic Survey 2020 draws heavy references from Kautilya's Arthashashtra
Economic Survey 2020: The document also defends Kautilya and says that he is often misrepresented because of impartial reading of Arthshashtra
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.
Economic Survey: Time to scrap Essential Commodities Act?
‘Government intervention in agriculture market doing more harm than good’
Qatar Airways to host 2nd CAPA Qatar Aviation Aeropolitical and Regulatory Summit
DOHA, QATAR – Following the success of last year’s CAPA Qatar Aviation, Aeropolitical and Regulatory Summit, the first summit of its kind held in the Middle East, Qatar Airways looks forward to welcoming industry leaders, national regulatory authorities, international and regional aviation organisations, and air transport executives from around the world to Doha next month for the second edition. This important summit will see senior aviation decision-makers from across the public and private sector gather for two days, from 5-6 February
Bharti Airtel removed from DGFT’s Denied Entry List
Telecom major submits
What these eight business leaders learned from their biggest failures
Issy Sharp, Jim Treliving and more on how flaming out made them better
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.
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
Airlines suspend China flights because of coronavirus
(Reuters) - Airlines are suspending flights to China in the wake of the new coronavirus outbreak.
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...
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.
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.
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.
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
Rewane outlines sectors to drive economy in 2020
Bismarck Rewane says Nigeria’s economic growth will be dependent on three sectors going into 2020.
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
Singapore bans arrivals from mainland China over coronavirus fears
Singapore on Friday announced a sweeping ban on arrivals and transit passengers from mainland China as authorities toughened measures to prevent the spread of a deadly virus. The move was a dramatic expansion of earlier measures by Singapore that affected only arrivals from central Hubei province and came after the World Health Organization declared the new coronavirus an […]
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.
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 [...]
No, Bernie Sanders' Idea for National Rent Control Is a Terrible Idea
Bad economics.
$400,000 fund opening for Hamilton community groups
Applications open from 1 February for local community groups to seek a share of more than $400,000 through Hamilton City Council’s 2020 Single-Year Community Grants.
Copper Futures: There is still room for further losses
In light of preliminary prints from CME Group, open interest and volume went up by around 7.6K contracts and more than 3K contracts, respectively, on
IBM chief Ginni Rometty to step down
Cloud business boss Arvind Krishna to succeed.
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
Dilemma as Mid Devon District Council faces £1.4million budget gap in 2023
"Unless any savings proposals are forthcoming, we will need to look to reserves to close the residual budget gap"
Trump will demand high price for UK trade deal, says former ambassador
Kim Darroch said it was ‘impossible’ that the US congress would ratify any trade deal by the end of the year.
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
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
Making a self-reflection in the past 10 years - are you on your trajectory?
The other day a fellow professor and I were philosophising on a number of issues; some very important, and others, not so significant.
Q4 GDP: A Quick First Look
Quarterly real GDP growth came in slightly hotter than I expected at 2.1%.The single-biggest mover was the total collapse in real imports, down 8.7%.Consumption is way down. Real core PCE growth was 2
What If the Coronavirus and China's Quarantines Caused a Global Recession?
That would be bad.
India must follow China's growth model to create jobs, suggests Economic Survey 2020
Economic Survey 2019-20: India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030 by integrating "Assemble in India for the world" into Make in India
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
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.
Authorities tighten watch on Chinese workers in Indonesia's regions amid coronavirus fears
Amid the expanding coronavirus outbreak, authorities in Indonesia have been increasing monitoring of Chinese workers, especially those who recently arrived in the archipelago from mainland China, where the fast-spreading virus has killed at least 170 since it first emerged in the city of Wuhan, Hubei province.
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
India's GDP growth not overstated, says Economic Survey 2020
Economic Survey 2020 live: The Economic Survey 2019-20 cleared the air around "inflated GDP numbers". Here's what this exactly means for you
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.
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.
Airlines curb or cancel China flights
A number of airlines say they are halting or reducing flights to China as the country struggles to contain the spread of the deadly novel coronavirus.
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.
Vedanta implements resolution plan to bag Ferro Alloys via NCLT route
Company's foray into ferro alloy business to strengthen its steel business portfolio
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.
IBM CEO Ginni Rometty retires
The company’s chairman, president and chief executive officer will be replaced by Arvind Krishna.
Finance minister: 18pc discount for PLUS toll charges starts tonight
KUALA LUMPUR, Jan 31 — The 18 per cent Projek Lebuhraya Utara Selatan (PLUS) toll highway discount begins tonight, said Finance Minister Lim Guan Eng today. Lim reiterated Prime Minister Tun Dr Mahathir Mohamad’s announcement that the Cabinet has decided to restructure PLUS’ concession...
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.
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.
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 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 pegs GDP growth at 6-6.5% in next fiscal
Government must use its strong mandate to deliver expeditiously on reforms, it says
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
Vietjet suspends all China flights - VnExpress International
Vietjet will stop all flights to and from China starting Saturday to try and limit the spread the deadly coronavirus.
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.
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate, Business Insider - Business Insider Singapore
Business Insider - The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.. Read more at businessinsider.sg
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $US3,816,835 in the fourth quarter of 2019, according to a report by the real-estate listing platform, StreetEasy.
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.
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
Portal Leisure Centre fails to boost town centre footfall as empty shops pile up
Retail vacancy rates above the national average, new report shows.
Hyperledger Foundation Introduces Second Software Release of its Open-Source DLT Platform, Hyperledger Fabric
The Hyperledger Foundation has introduced the second software release of its open-source distributed ledger technology (DLT) platform, known as Hyperledger Fabr
Domino's wants software development classed as a manufacturing industry
Warns Australian tech job market is getting dysfunctional, again.
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.
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
POTUS Candidate Yang Says Better Crypto Regulation Is Needed
Andrew Yang, a businessman running for the seat of President of the United States, talked Bitcoin and cryptocurrency with Bloomberg's Joe Weisenthal
Economic Survey: IBC reduces resolution time to 340 days from 4.3 years
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets
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
The Light From The Gods Still Shines Bright - Raytheon Company Delivers In Q4
Raytheon Company just posted its Q4 numbers. 2019 was a great year, with strong growth at every level. Backlog is growing faster than bookings, bookings faster than revenue - so revenue growth can ac
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.
Submarine jobs poised to go west
The Morrison government is leaning towards sending ASC's submarine maintenance blue collar jobs to Perth, risking its relationship with key senator Rex Patrick.
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.
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.
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
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.
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
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.
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.
Teachers unlikely to face penalties for strike next week
‘Not constructive’ to talk about penalising teachers, says Government spokeswoman
Qatar Petroleum announces fuel prices for February
Doha - Qatar Petroleum (QP) today announced the petrol and diesel prices for February.
KK airport rep: 117 flights from China affected by Sabah govt’s temporary suspension over coronavirus outbreak
KOTA KINABALU, Jan 31 — A total of 117 weekly flights from 15 cities in China, as well as Taiwan and Hong Kong, have been affected following the Sabah government’s decision to temporary suspend all scheduled and charter flights from China to the state, effective yesterday. The 117 flights do...
Tims seeks to reclaim roots
Tim Hortons franchisees gathered in Calgary earlier this week and erupted into applause after corporate executives promised to help reframe the public's understanding that the chain is a Canadian company.
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 …
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.
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
It's official: too much banking is bad for you
The "financialisation" of an economy can exacerbate inequality, and undermine stability.
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.
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.
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.
U.S. lawsuits targeting Canadian growers up in the air
It's unlikely they'll ever get to court but they will garner public sympathy from consumers not at all happy with legalization – or the product
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.
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?
Passenger service still active despite technical hitch - Deputy Railway Director
news, story, article
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.
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
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)"
American Airlines pilots sue to halt flights to China | Honolulu Star-Advertiser
DALLAS >>The pilots’ union at American Airlines sued today to stop the carrier from flying to China and told members not to operate flights there because of the spreading coronavirus outbreak.
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
Brookman: A smash in the face shouldn't keep us down for long
There is a quote from boxer Mike Tyson that reads, “Everyone has a strategy until they get smashed in the face.”There are very few people in Alberta who do not relate to that quote at t…
Too expensive to run, EV car sharing schemes in London are shutting down
All-electric vehicle sharing services in London are being scrapped after their operators say they is no longer economically viable.
Design shows in China including Design Shanghai and Festival of Design postponed due to coronavirus outbreak
The organisers of Design Shanghai have delayed the trade fair until May, due to the coronavirus epidemic that has suspended travel in China, with a host of other event organisers following suit.
Businesses see promising India-UK ties ahead after Brexit
Brexit: Leading trade organisations and Indian entrepreneurs in Britain see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level
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
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
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
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.
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 […]
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
Household lending grows for third consecutive year - Central Bank
Home lending drove growth in the figures but private sector lending fell
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
1.7 million road users to benefit from 18pc discount for PLUS toll charges
KUALA LUMPUR, Jan 31 — A total of 1.7 million road users will benefit from the 18 per cent savings in their toll rates, at all PLUS-operated highways nationwide, from the stroke of midnight tomorrow. The toll reduction will cover all Passenger Vehicles (Class 1), Taxis (Class 4) and Buses (Class...
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does not already own for $2.9 billion.
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."
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
50 Barron's 2020 Broker Picks: 31 Pay Dividends
Annual stock lists are fair game for Dog Catchers. This Barron's Roundtable 50 watchlist appeared in two weekly issues - 1/20 and 27/20.Barron's convened 10 veteran Wall Street investors and economist
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.”
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
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.
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?
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
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.
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.
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
Airtel Announces Best Data Prices to Woo More Customers
Airtel Kenya is back with a brand new offer that could give its rivals a run for their money...
Bitcoin Actually Declines Off of Political Uncertainty, Bombshell Study Finds
It might not be a good idea to purchase bitcoin as an insurance asset against this year's nailbiting US presidential election. That is according to a new
Eskom warns SA to brace for more frequent power cuts
The country has been contending with an energy deficit since late 2005.
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
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
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.
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.
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
Mastercard invests in online and offline identity startup Trust Stamp
Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp.
BOJ warns of cyber-attack vulnerability ahead of Olympic Games
The increasing threat of cyber-attacks has prodded the Bank of England
Warren Buffett’s lesson for companies: keep candid
Apple, Facebook and Microsoft are among the groups depriving investors of information
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, ...
Woqod opens Sealine petrol station
Qatar Fuel “Woqod” yesterday opened Sealine petrol station, raising its network of fixed and mobile petrol stations to 103.
Minister of Transport and Communications meets Senegal’s Minister of Tourism and Air Transport
Minister of Transport and Communications, H E Jassim bin Saif bin Ahmed Al Sulaiti held talks at the Ministry offices yesterday with the Minister of Tourism and Air Transport of the Republic of Senegal, H E Alioune Sarr.
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
5 things about India you probably didn't know before Friday's Economic Survey
The Survey highlighted that there are quite a few signals that the Indian economy may have bottomed out.
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.
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 .
Virus poses stark challenges to Abe's tourism goals as Tokyo Olympics loom
The coronavirus outbreak is posing myriad challenges for the Japanese economy, including a key Abe administration policy initiative — the promotion of inbo
Rural students spend more than urban counterpart on books, stationery, uniform: Eco Survey
As per the Economic Survey 2019-20 tabled in the Parliament by Finance Minister Nirmala Sitharaman, the absence of suitable financial support system and high burden of course fee, especially in higher education, pushes the poor and underprivileged out of the education system.
Nearly 300 sexual offences by London minicab and taxi drivers recorded in 2018
Some 17 drivers were charged, including 15 licensed private hire drivers, a taxi driver and an unlicensed driver.
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.
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.
Coronavirus: China starts repatriating people to Wuhan as death toll hits 213 – media
Of the newly reported deaths, 30 were in Hubei's provincial capital Wuhan, where the virus was first reported, according to the Hubei health commission.
It’s Brexit day – now comes the really hard stuff
After more than three years of often acrimonious politicking, the UK will finally leave the EU at 23:00 GMT this evening, but that’s by no means the end of the matter.
How $98 trillion of household wealth in America is distributed
If a pie represented the wealth in the United States, nine pieces, or 90% of the pie, would go to the wealthiest 20% in the country.
Thailand confirms first human-to-human coronavirus transmission
BANGKOK (Reuters) - Thailand has seen its first case of human-to-human transmission of the new coronavirus inside the country, a health official said on Friday, as it raised its total number of cases to 19, the second-highest after China.
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.
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
This Is the High Cost China Is Paying for Copying a Stolen Su-33 Russian Jet Fighter
A bad copy.
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.
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.
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
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%
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
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
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.
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...
Customised Proton X70 delivered to Tengku Sulaiman
Proton has handed over a customised X70 to HH Tengku Sulaiman Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj, brother of HRH Sultan
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.
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.
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
Kuswag Skool rugby tour cancelled
The news came as a blow to the learners after they were unable to raise the money that was required in a limited time period.
Pound-to-New Zealand Dollar Rate Risks Correction as RBNZ Shifts into "Neutral" Gear
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
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...
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.
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
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.”
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.
Union Budget 2020: How, When and Where To Watch Live Streaming Of Union Budget
Union Budget 2020: Finance Minister Nirmala Sitharaman is all set to present Budget 2020 in Parliament on Saturday at 11 a.m.
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...
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.
Budget 2020: The inclusive growth of the country
Sunil Khosla Head Digital Business, India Transact Services Limited "Considering the current ecosystem in the country, the annual financial budget 2020 is much awaited and expected to relieve most of the financial segments."
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
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
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.
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.
Explained: What is Economic Survey’s strategy for boosting wealth creation?
Economic Survey reiterates PM Narendra Modi's call for increasing “wealth creators” in the economy.
Air India flight with Indians from Wuhan to leave for home on Saturday
While Friday's flight is scheduled to take mostly those stranded in Wuhan, Saturday's flight is expected to take those held up in Hubei province
Economic Survey maintains $5 trillion aim, but can’t avoid references to Great Indian Slowdown
The annual document barely seems to acknowledge that the Indian economy is in the doldrums.
Core Sector Growth Recovers To 1.3% In December
The growth was, however, lower than 2.1 percent recorded in December 2018.
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
Coronavirus outbreak: Indian government begins to evacuate 366 citizens from China's Wuhan
The 423-seater flight is expected to return to Delhi from Wuhan at 2 a.m. on Saturday and another special flight may depart from T3, Delhi on Saturday.
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.
Changi Airport clarifies, says “CAG does not restrict the wearing of masks by those on duty at the airport”
Changi Airport clarifies, says “CAG does not restrict the wearing of masks by those on duty at the airport”
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.
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.
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.
David Cameron has made £1.6m since Brexit vote in 2016
Former prime minister’s company accounts are made public on UK’s final day in EU
Orange selects Nokia and Ericsson for 5G network roll-out in France
Orange announced that it has chosen Nokia and Ericsson to support its 5G deployment in France. The two companies are both long-term partners of the operator, already providing RAN equipment for 2G/3G/4G infrastructure. Nokia will continue to serve the western and south-eastern areas of the country, while Ericsson will remain the main supplier for the Ile-de-France, north-east and south-west regions.
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
A labor attorney explains the work rules around getting sick in the office, whether you're facing a small cold or the coronavirus, Business Insider - Business Insider Singapore
Business Insider - Generally, an employer can require a sick employee to leave work — but those employees won't always be required to get paid.. Read more at businessinsider.sg
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.
Nelson Council moves to close reserves due to increased fire risk
Following a continued spell of hot and dry weather Nelson City Council, in collaboration with Fire and Emergency New Zealand (FENZ), DoC, forestry companies and Tasman District Council, is closing access to the following reserves until further notice:- Grampians Reserve- Sir Stanley Whitehead Reserve- Marsden Valley Reserve- Maitai Water Reserve- Brook Conservation Reserve- Roding Water ReserveCouncil makes the decision to close reserves after taking advice from FENZ and monitoring the Build Up Index (BUI), which is an indicator of the difficulty in suppressing a fire that has started. The BUI is now well over 80, the level at which FENZ advises which reserves should close, and is expected to be close to 100 midway through next week.
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.
DHT Holdings' Co-CEOs On The VLCC Markets (Podcast Transcript)
As part of the Value Investor's Edge Live Virtual Tanker Forum, J Mintzmyer spoke with DHT Holdings' co-CEOs.The discussion covered the VLCC markets and IMO 2020 developments.We reviewed DHT's scrubbe
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...
5 Great Tech ETFs That Aren’t the XLK
When it comes to tech ETFs, the XLK rules the roost. But there are other ETFs in the sector that gives it a run for its money.
Economic Survey 2020: How privatisation helps CPSEs unlock growth potential
Economic Survey 2020: The analysis showed that these privatised CPSEs, on an average, perform better post privatisation than their peers in terms of their net worth, net profit, return on assets
Economic Survey 2020: Red-tape still strangles Indian manufacturing
Economic Survey 2020 updates: Ease of doing business in India seems like a far fetched dream as of now due to the huge number of licenses and approvals needed to run a business. Here's all you need to know
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.
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.
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.
Amazon Crushes Earnings, and Here's the Most Impressive Part
Amazon’s retail sales took flight even in soft consumer spending environment.
Economic Survey 2020: Why wealth creation was picked as this year's theme
Economic Survey 2019-20: Elaborating on India's historical dominance on the global economy, the survey stressed on the importance of bringing an openness in the market that leads to wealth creation
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.
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.
China virus causes scare for India's smartphone makers
NEW DELHI (Reuters) - The coronavirus outbreak in China could start to disrupt India’s production of smartphones if it continues to spread in February, as it could delay component shipments, industry executives said.
Paris-based AssoConnect raises €7 million to transform the non-profit sector
The French startup AssoConnect, whose technology is transforming how the non-profit sector is managed, has completed a second round of funding of €7 million, led by XAnge, ISAI and several business angels.
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
Bad weather leaves 602 towns and villages in Ukraine without power
Regional energy distribution companies have deployed their repair teams to eliminate the aftermath of the blackouts.
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.
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.
Chinese planes to bring overseas Wuhan citizens back to virus-hit city
Beijing - China sent two planes to Malaysia and Thailand on Friday to bring "stranded" Hubei province residents back to the virus-stricken city of Wuhan, authorities said.
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.
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.
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
Why imported onions are rotting? Economic Survey 2020 has an answer
Economic Survey 2020 latest: Imported onions are rotting as there are no takers. Here's what the Economic Survey 2019-20 has to say about the onion crisis
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.
Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
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...
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.
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
Delta, American, and Several Other Airlines Worldwide Suspend Flights To and From China Amid Coronavirus Fears
Delta Air Lines and American Airlines said on Friday that they will suspend all U.S.-China flights for at least several weeks due to the coronavirus outbreak. Delta on Friday said its China service suspension will begin Feb. 6 and last through April 30, but it will continue to operate the service un...
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
France's Orange chooses Nokia and Ericsson to deploy its 5G network at home
PARIS (Reuters) - Orange (ORAN.PA), France’s biggest telecoms company, said it had chosen Nokia (NOKIA.HE) and Ericsson (ERICb.ST) to deploy its 5G network in mainland France, as China’s Huawei Technologies faces intense political scrutiny in Europe.
Eastern EU states threaten lawsuit over looming trucking reform
BRUSSELS (Reuters) - Poland, Bulgaria and other eastern European Union states are mulling a legal challenge to new road transport rules that would force their trucks to return home every eight weeks, a change they say would harm their trucking companies, diplomats said.
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)
Indian-origin Arvind Krishna Replaces Virginia Rometty As New IBM CEO
Indian-origin Arvind Krishna has been elected as the next Chief Executive Officer (CEO) of IBM, the American IT giant, succeeding Virginia Rometty on Jan 30.
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.
Binance Futures Launches Cardano (ADA) Perpetual Contracts with 75x Leverage
In a blog post published on January 30, 2020, cryptocurrency trading platform Binance announced that it will launch ADA/USDT perpetual contract with up to 75x leverage.
US issues travel advisory for China
WASHINGTON: The United States told its citizens on Thursday night “do not travel” to China, raising its advisory status to the highest level of alert because of the novel coronavirus (2019-nCoV) epidemic.
EU welcomes Pompeo's 5G comments, no sign of change to Huawei stance
BRUSSELS (Reuters) - EU industry chief Thierry Breton on Friday welcomed U.S. comments on the bloc’s decision not to issue an outright ban on Chinese telecoms equipment maker Huawei [HWT.UL], while showing no signs of any change in the EU’s stance.
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
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.
Economic Survey advocates further ‘economic freedom’
While it does makes a case for further reform, it falls short on prescriptions and sector-specific insights
Frankfurt Auto Show No Longer in Frankfurt
Verband der Automobilindustrie (VDA), the organizing body of Germany’s International Automobile Exhibition (IAA), has announced it will no longer hold its bi-annual trade show in Frankfurt. Last week, representatives from Berlin, Cologne, Frankfurt, Hamburg, Hanover, Munich and Stuttgart met with VDA to present their concepts for IAA 2021. Frankfurt has already been taken out of the running, […]
Lebanese bonds tumble as uncertainty increases
"Lebanese debt is currently trading at a large discount and investors have already priced in a restructuring," Saeb El Zein, a financial markets expert told Annahar.
Crypto Tax in 2020: A Comprehensive Guide
Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how
What could change in this year’s budget?
Each year the Union Budget is watched keenly and the salaried middle class hope for relief from income tax. Furquan Moharkan takes a look at five things that Finance Minister Nirmala Sitharaman could change in this year’s budget.
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
James Nyoro: Brains Behind Uhuru's Ksh7 Billion Project
Through Nyoro's appointment by the president, he took part in various major projects including...
Airbus to pay US$4b to settle corruption probe, says French prosecutor
PARIS, Jan 31 — European planemaker Airbus will pay €3.592 billion (RM16.3 billion or US$3.98 billion) to settle corruption probes by US, British and French authorities into contract dealings, France’s financial prosecutor said today. The simultaneous settlements in Britain, France and the...
Britain Is Finally Leaving the European Union Today. Here's What Will Change
It's Brexit day on Jan. 31
Increased funding to help schools reorganisation
Increased funding will “stabilise” Powys County Council's creaking schools and education service to allow it to go through a reorganisation, councillors have been told.
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.
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.
Economic Survey: India skids on ranking for protecting minority shareholders
The economic survey also patted the back of the government, stating that implementation of Goods and Services Tax (GST) has helped India in improving the ease of doing business.
'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
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.
68% of Middle-Aged and Older Workers Share This Retirement-Planning Regret
Here's a chance to learn a valuable lesson.
NLA gets new office complex in Volta Region
news, story, article
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.
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.
Economic Survey sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
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,
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
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.
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.
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.
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.
Survey Shows Lack of Employee Engagement
A survey by Achievers revealed the reasons employees are dissatisfied with their current employees.
Ola Plans London Rollout In February As It Takes On Uber
As it broadens its competition with Uber, Indian ridesharing firm Ola plans to official start operations in London in February.
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.
GCB Bank unveils first G-Money Mobile Wallet
news, story, article
Ease of doing business: How India moved up the ranks and the road ahead
Economic survey 2019-20: The new blueprint
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.
Piper Sandler Companies (PIPR) CEO Chad Abraham on Q4 2019 Results - Earnings Call Transcript
Piper Sandler Companies (NYSE:PIPR) Q4 2019 Earnings Conference Call January 31, 2020 09:00 AM ET Company Participants Chad Abraham - Chairman & Chief Executive Officer Deb Schoneman - President T
Coronavirus shadow overseafood exports to China
MPEDA Chairman, however says the impact is minimal
Economic Survey 2020: India has low rates of formal entrepreneurship
Large number of enterprises operate in informal economy not captured by data
Consequential train accidents decreased in 2018-19: Economic Survey
Stating that steps are being taken on a regular basis to prevent rail accidents, the Economic Survey on Friday said consequential train accidents registered a decline in 2018-19.
Employment scheme supervisors to strike over pensions
Supervisors in community employment schemes around the country are to hold a 24-hour strike on 14 February in a long-running dispute over their pension rights.
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.
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
After 10 years, civil rights museum says expansion is a must
GREENSBORO, N.C. — When four young black men from N.C. A&T sat down at a whites-only lunch counter in downtown, they sparked a fight for civil rights that has reverberated for 60 years. That legacy gives a strength of purpose to John Swaine, CEO of the International Civil Rights Center & Museum. The museum, which …
Delta just suspended China flights for longer than any other airline, a red flag as the unprecedented coronavirus wreaks havoc on the airline industry
Demand has plummeted because of the coronavirus outbreak, putting airline profits and China's economy at risk.
Delta, American, and United Cancel All Flights To and From China for Months as Coronavirus Death Toll Hits 213 [Updated]
Delta, American, and United airlines will cancel all flights to and from mainland China as the confirmed death toll from the new coronavirus hits 213 and the number of confirmed cases reaches almost 10,000 worldwide, with over 100,000 more patients under medical observation.
Union Budget 2020: Economic Survey Introduces 'Thalinomics'; Here Is What It Entails
Dubbed as an attempt to quantify what a common person pays for a Thali, a new concept called ‘Thalinomics’ has been introduced in Economic Survey 2019-20.
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
Qantas Suspends All Flights To & From China As 10th Australian Coronavirus Case Confirmed
Major Australian airline Qantas has announced plans to suspend flights to and from China as the ongoing coronavirus outbreak causes logistical issues.
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
VC Deals: AbbVie Joins $50M For Inflammatory Disease Treatments
Welcome to Seeking Alpha’s Venture Capital Deals of the Week. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Friday afternoons. AbbVie Ventures (NYSE:ABBV) partic
Taipei Game Show postponed over coronavirus emergency
The show was scheduled to run in early February but is now expected sometime in the summer.
Bank of Ghana keeps policy rate unchanged at 16 percent
news, story, article
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
Vedanta profit rises 49% to ₹2,348 crore
Revenue, however, drops 10% to to ₹21,126 crore
Core sector grows at 1.3% in Dec. 2019
The growth was, however, lower than the 2.1% recorded in December 2018.
NJ Governor Phil Murphy to deliver Betting on Sports America 2020 keynote address
New Jersey Governor Phil Murphy will share further insights on the fast-evolving gaming industry when he delivers the keynote address at Betting on Sports America 2020. As a key figure in the fight…
Wuhan coronavirus: 1,500 SAF personnel packing 5.2m masks in 24-hour operation
SINGAPORE: A total of 1,500 Singapore Armed Forces (SAF) personnel are packing 5.2 million surgical masks for distribution to the public, as ...
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.
Auto industry slowdown temporary: Economic Survey
The survey said that the “temporary auto slowdown may be attributable to certain other reasons such as lack of credit, base effect (as in last few years auto sector has grown rapidly), and structural changes like adoption of newer fuel standards from BS-IV to BS-VI from April 20 etc.”
Court strikes out MTN Nigeria’s suit against AGF, as FIRS, Customs take over tax probe
The Federal High Court has struck out MTN Nigeria's lawsuit against the Attorney General of the Federation, Abubakar Malami.
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.
France Agrees to End Airbus Corruption Probe in $4B Deal
A French court has approved an agreement with Airbus that would see the planemaker pay up to $4 billion to end years of corruption investigations by three countries.
Air depression to impact many parts of Oman
The Public Authority of Civil Aviation (PACA), has confirmed of a possible air depression during the next two days.
Survey trusts free markets to create wealth
CEA Krishnamurthy Subramanian suggests many micro solutions for macro problems
Economic Survey 2019-20 sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.Besides Wikipedia, the Survey has also relied on data from other private
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.
Here are a few nuggets from Economic Survey in order to prevent frauds
Financial services exports have remained stagnant, averaging about $5 billion in recent years
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.
SA wine industry promotes sober drinking habits through new code
The South African wine industry on Friday announced that it has joined other liquor industries in introducing a new code ...
Magazines Dive Into Retail Again — This Time With Pot, Fashion And Delivery
Retail and magazines have always had a relationship, and recent developments indicate magazines are looking to take a more direct role in retail.
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
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
Lai: Nigerians in Chinese town hit by coronavirus unwilling to return home
Lai Mohammed, minister of information, says the federal government is in touch with 16 Nigerians living in Wuhan, China. Coronavirus disease broke out in that part of the Asian country,
Economic Survey sources data from Wikipedia, other private entities
The Survey is also marked by quotes from Shrimad Bhagavad Gita, Rig Veda, Adam Smith's 'An Inquiry into the Nature and Causes of the Wealth of Nations', Kautilya's Arthashastra, and Tamil saint and philosopher Thiruvalluvar's treatise The Thirukural.
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
Entry screening not yet on cards for Irish airports as coronavirus spreads
Low level of exposure to Chinese tourists in Ireland, tourism bosses say
'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.
Indian Air Force’s AN-32 Aircraft Takes Flight Near Chinese Border With Bio-Fuel in Both Engines
New Delhi (Sputnik): The Indian Air Force (IAF) is aiming to cut fuel costs by around $4 billion by 2024. With the successful test of the biofuel- blend-powered transport aircraft , the IAF will gradually increase biofuel use across its fleet.
Matthews International Corporation (MATW) CEO Joseph Bartolacci on Q1 2020 Results - Earnings Call Transcript
Start Time: 09:00 End Time: 09:23 Matthews International Corporation (NASDAQ:MATW) Q1 2020 Earnings Conference Call January 31, 2020, 09:00 AM ET Company Participants Joseph Bartolacci - President and
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
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
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
Stroll acquires stake in Aston Martin
A consortium that includes Quebec billionaires Lawrence Stroll and Andre Desmarais is taking a significant stake in British car manufacturer Aston Martin — a move expected to have repercussions in the Formula One world.
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.
You can buy a flight from Hong Kong to New York for $201. The catch? You have to stop in Wuhan for 6 hours.
A Chinese airline is offering travellers a rare deal – a flight from Hong Kong to New York for $US200.
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.
Google reaching out to D.C. policy experts with explainer tech summits
In today's regulatory climate, Big Tech is increasingly engaging with governments and other influential groups. A Google tech policy summit...
Tipperary's Newman Julian says FG is only party to cut tax
People on average incomes 'are not rich'
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.
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
Extinction Rebellion stage climate protest at McKinsey's London office
LONDON (Reuters) - Civil disobedience group Extinction Rebellion staged a protest outside McKinsey & Company’s London office on Friday to demand the consulting firm use its influence over companies and governments to drive far-reaching action on climate change.
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.
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
February 2020 week 1 fuel price – RON 97 down 8 sen
Another Friday, and another round of the weekly fuel price update. More good news for RON 97 petrol users, because the price of the fuel has dropped
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
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.
Market Pulse on January 30th
S&P 500 3283,66 +10,26.
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 …
Barclays introduces video games tax relief loans
Developers able to claim 90% of their tax credit before it is fully processed
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.
Thalinomics and the improved affordability of a plate of food
Move over the Big Mac Index! The Economic Survey 2020 has made a unique attempt to quantify the cost incurred in putting together one complete home-made meal — the healthy Indian thali.A trend of coin
Eskom: Stage 2 loadshedding resumes, weekend reality
Eskom announced this morning that it will continue with stage 2 loadshedding from 9:00 today (Friday) until 6:00 on Monday 3 February.
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.
Farm confidence rises but concern about compliance costs
Farm confidence rises but concern about compliance costs runs deep
MPs question UGX 744m budget for model village
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have asked the committee on the presidential affairs to explain why establishing one model village per region which will cost shillings 744 million. The MPs were reacting to the presentation of the committee chairperson, Jessica Ababiku who urged the budget committee to consider allocating funds to roll …
Budget Session: Economic Survey 2019-20 To Be Presented In Parliament Today
The budget session of the Parliament is set to commence from Friday (31 January) with an address by President Ram Nath Kovind to joint sitting of both the houses, reports India Today.
Pakistan Halts All Flights To And From China Amid Coronavirus Fears
Pakistan says it is halting all flights to and from China after the World Health Organization (WHO) declared the ongoing coronavirus outbreak a global emergency.
CEAC supports Northland $100 million for rail restoration
Friday 31st January 2020
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.
Economic Survey suggests cutting subsidy to increase fiscal legroom
Cutting the food subsidy can help provide more fiscal room, according to the Economic Survey.
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..
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.
Coronavirus: Air India's special flight to depart from Delhi for Wuhan on Friday for evacuation of Indians
The government on Thursday reached out to over 600 Indians living in China's Hubei province, the epicentre of the novel coronavirus outbreak.
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.
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
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.
Bitfinex Exchange Launches Tether Gold (XAUT) Margin Trading with 5x Leverage
Bitfinex crypto exchange has announced the launch of its Tether Gold margin trading service. Traders on the platform can now trade various pairs of Tether Gold, including XAUt/USD, XAU/USDt and XAUt/BTC with up to 5x leverage, according to a press release on January 30, 2020.
Amazon's latest milestone: 150 million Prime members
Amazon had another prime holiday season.
Senate probes poor state of refineries
Mandates Committee to Kick Start Work on PIB By Henry Umoru – Abuja The Senate has begun a probe into what it described as the poor state of refineries the nation’s According to the Senate despite $25 billion dollars spent in the last 25 years, the refineries are still in comatose. Consequently, the Senate mandatedRead More
Billionaire F1 owner leads major rescue deal for sport car maker Aston Martin
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
US issues 'Do Not Travel' advisory to China over Coronavirus
The State Department's advisory also suggested Americans in China to departing using commercial means
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.
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.
Mayor Pete’s South Bend Awarded No Major Contracts to Black-Owned Firms for Three Years
DES MOINES, Iowa—Of the many pledges that Pete Buttigieg has made in his as-yet unfruitful quest to earn the support of black voters, his guarantee that a quarter out of every federal contracting dollar will be awarded to minority- and women-owned businesses is one of his most ambitious. “Look at what
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