Economy 977
TANAP and Turkey's energy ambitions
The December 3-4 NATO summit in London was marked by internal bickering between member states. Yet by the end of the two-day gathering, consensus was reached on one item: that Russia poses a major problem to the alliance.
Crisis looms over KSRTC again
31,000 staff get 70% of salary after delay of 10 days
Japan, Australia still hopeful of India’s rethink on RCEP
Despite India’s decision to walk out of the ASEAN-led 15-nation Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement last month, officials from India’s Indo-Pacific partners Austral
What the General Election outcome will mean for the pound - and your travel money
As we head into the final week of campaigning, the Pound is currently trading at a 31-month high against the euro - here's what you need to know if you're about to swap your cash
UK Digital Security Platform Smartlands Will Tokenize Own Equity. Offering to be Sold in the US via Broker Dealer
UK based Smartlands will be tokenizing its own equity selling a 3.5% equity stake in the platform, according to a note from the company. Smartlands is a digital
Mindexcoin Price Tops $0.0010 on Major Exchanges (MIC)
Mindexcoin (CURRENCY:MIC) traded 0.3% lower against the dollar during the 1 day period ending at 11:00 AM ET on December 9th. One Mindexcoin token can now be bought for about $0.0010 or 0.00000013 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta), Token Store, LATOKEN and Mercatox. Mindexcoin has a market capitalization of $674,350.00 and approximately $7,246.00 […]
Sutter Rock Capital Corp. (NASDAQ:SSSS) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Sutter Rock Capital Corp. (NASDAQ:SSSS) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Analysts have set a one year consensus price target […]
Dinero (DIN) Price Hits $0.0002 on Top Exchanges
Dinero (CURRENCY:DIN) traded up 0.5% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on December 9th. During the last week, Dinero has traded 4.4% higher against the U.S. dollar. One Dinero coin can currently be bought for $0.0002 or 0.00000003 BTC on popular exchanges including Graviex, Trade Satoshi, CryptoBridge […]
Gemini Dollar (GUSD) Price Up 1.2% This Week
Gemini Dollar (CURRENCY:GUSD) traded down 0.2% against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on December 9th. One Gemini Dollar token can currently be purchased for about $1.00 or 0.00013392 BTC on exchanges including DEx.top, HitBTC, The Rock Trading and Bibox. In the last week, Gemini Dollar has traded up […]
Analysts Set CarMax, Inc (NYSE:KMX) PT at $97.58
Shares of CarMax, Inc (NYSE:KMX) have received an average rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued […]
AICHAIN (AIT) Achieves Market Cap of $438,636.00
AICHAIN (CURRENCY:AIT) traded down 1.8% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM ET on December 9th. One AICHAIN token can currently be purchased for $0.0008 or 0.00000011 BTC on popular exchanges including CoinEgg, BCEX, FCoin and OTCBTC. AICHAIN has a total market cap of $438,636.00 and $22,239.00 worth of […]
Cabot Oil & Gas Co. (NYSE:COG) Receives Consensus Rating of “Buy” from Analysts
Cabot Oil & Gas Co. (NYSE:COG) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The […]
Zacks: Embotelladora Andina SA ADR Series B (NYSE:AKO.B) Receives Average Recommendation of “Strong Sell” from Brokerages
Embotelladora Andina SA ADR Series B (NYSE:AKO.B) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. Brokerages have set a 1-year consensus price target of $16.00 for the company, […]
ABB (NYSE:ABB) Receives New Coverage from Analysts at Barclays
Research analysts at Barclays assumed coverage on shares of ABB (NYSE:ABB) in a research report issued on Monday, BenzingaRatingsTable reports. The firm set an “overweight” rating on the industrial products company’s stock. ABB has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ABB […]
Tullow’s timely lesson for bets on battered energy stocks
The search for unfairly undervalued energy investments is peppered with difficulties
Deutsche to cut €100m from domestic retail banking unit
Lender plans to scrap legal entity that runs the operation and merge it into group
China to Lead World in 5G Scale: Qualcomm President Cristiano Amon
According to the China Academy of Information and Communications Technology, 5G technology is expected to create more than 8 million jobs by 2030.
Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market Bottom
After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s
Kraken Adds GBP Support for U.K.; What This Means for Crypto Market
Crypto asset exchange Kraken has added two new options for GBP deposits and withdrawals in attempts to speed up the exchange of funds for users. Related
Quarter of world's arms sales from European companies: SIPRI
The UK, France, Italy, and Germany were Europe's biggest arms sellers last year but remain behind Russia and the US.
Prosus Boosts Just Eat Bid To $6.5B
Naspers-owned Prosus upped its bid to $6.5 billion to acquire London's food delivery service Just Eat, putting pressure on rival buyer Takeaway.
QCB set to announce FinTech strategy
Qatar Central Bank (QCB) Governor H E Sheikh Abdulla bin Saoud Al Thani said yesterday that the central bank is working on the banking industry’s financial technology (FinTech) strategy, in cooperation with leading financial institutions and financial technology companies. The strategy, where the central bank would contribute to creating a modern regulatory environment that supports innovation and market stability, will be announced soon, he said.
SAS to open direct route to Haneda
Scandinavian Airlines System (SAS) announced a direct route to Tokyo Haneda International Airport from Copenhagen Kastrup. The route gives travelers better access to downtown Tokyo and with All Nippon Airways (ANA), a fellow Star Alliance member, the route will increase connectivity to 30 domestic destinations in Japan. The direct Copenhagen-Haneda route will be served by SAS’ new Airbus A350 aircraft. As the most environmental-friendly airplane on the market, the A350 will reduce emissions by 30 percent compared to earlier generations of similar
CAPA's World Aviation Outlook Summit heads to London Stansted in 2020
CAPA – Centre for Aviation (CAPA) announced London Stansted Airport as the host of the CAPA World Aviation Outlook Summit in 2020 during this year’s Summit proceedings in Malta. To be held on 2-3 Decεμβερ 2020, the Summit will welcome over 200 aviation executives to analyse the industry’s performance over the year, discuss the current state of play and forecast the outlook of the aviation market. Covering all regions - Europe, Asia, Middle East, Americas and beyond - expert speakers will
Progress towards liberalized and harmonized regulatory frameworks key to unlocking full benefits of air connectivity
Montreal and Aqaba, Jordan, 6 December 2019 - At the Twelfth ICAO Air Services Negotiation Event taking place in Aqaba, Jordan this week, ICAO Council President Dr. Olumuyiwa Benard Aliu encouraged progress towards liberalized and harmonized regulatory frameworks for air transport, and highlighted the importance of air connectivity for sustainable development, particularly for the Middle East. “Besides the fact that air connectivity generates over 2.4 million jobs in this Region, and $130 billion dollars in Middle East Gross Domestic Product (GDP),
Virtua Partners and Hotel Equities give Houston hotel a fresh look
HOUSTON - Virtua Partners, the Scottsdale, Arizona-based private equity firm, announced the grand reopening of its now 190-room Springhill Suites by Marriott hotel in Houston. The property, managed by Hotel Equities, a leading hotel management firm, features a newly designed interior with spacious suites. This hotel is one of five properties operated through Virtua Partners’ and Hotel Equities’ strategic partnership. “This project shows how working with the right partner, like Virtua enhances the overall execution,” says Joe Reardon, Hotel Equities Chief
We’ve crunched the numbers – nationalisation would be a bargain
Our research shows nationalisation would pay for itself in seven years, says David Hall, visiting professor at the University of Greenwich
Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit
The fund-raising comes at a time when the company plans to penetrate cities and scale up investments and become a key player in the industry
UP cabinet okays Zurich Airport International plan to develop Jewar airport
The new airport will be designed, developed and operated under a 40-year concession period and the Swiss firm will invest more than Rs 4,500 crore in it
At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double
In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
Higher MSP fosters surge in paddy arrivals in Chhattisgarh's centres
Over 700,000 tonnes of the crop arrived in a week. State has till date disbursed Rs 7,000 cr to farmers, who will be paid Rs 1,815 a quintal for common grade and Rs 1,835 for A-grade produce
Auto sector is in transition phase, no threat of job losses: Govt in RS
Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years
Loan defaults mainly due to salary delays, biz downturns, says survey
The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low
MPs in RS demand hike in tea workers' wages, universal maternity benefits
Demanding the government protect goldsmiths, BJP leader Kailash Soni said traders of gold and silver are in distress due to "police harassment".
India Ends Disappointing Year in Crypto, Will 2020 Be Better?
Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it ...
PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. This will be carried out telecom firms and banks.
Kenney aims for clear signs of federal action on two-day Ottawa trip
Alberta Premier Jason Kenney set out a dire picture of the economic and social impact of federal policy on Alberta Monday as he embarked on a two-day political trade mission in the capital.
How bad leadership, corruption fuel poverty in Africa
More than 70 per cent of Africa’s estimated 1.2 billion people are said to be suffering from high unemployment, inequality and poverty.
Universal Insurance mulls new capital raising to boost capital base
Universal Insurance Plc is considering raising new equity funds to bolster its operations and strengthen its capital base ahead of deadline for ...
World Bank takes a stance on Isimba hydropower project
The World Bank has approved a Management Action Plan, in response to complaints regarding the construction of Isimba Hydropower Project.
NERSA to hold Eskom RCA public hearings in Feb 2020
The National Energy Regulator of South Africa (NERSA) has announced the timelines to process Eskom’s RCA application for the 2018/19 financial year.
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Subramanian said at the FICCI Young Leaders Summit
European stocks stutter as attention turns to trade deadline, central bank meetings
LONDON, Dec 9 — European stocks fell today as worries about a Chinese economic slowdown and the US-China trade war outweighed Friday’s strong US jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central...
Singapore authority revokes Inter-Pacific Petroleum’s bunker supplier licence
SINGAPORE, Dec 9 — The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier licence of Inter-Pacific Petroleum Pte Ltd effective today. In a statement here, MPA said Inter-Pacific would cease to operate as a bunker supplier in the Port of Singapore. According to the...
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report.
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
South Korea's government plans to tax capital gains returns on cryptocurrency transactions.
ASSA ABLOY AB/S (OTCMKTS:ASAZY) Receives Average Recommendation of “Hold” from Brokerages
ASSA ABLOY AB/S (OTCMKTS:ASAZY) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target […]
Don’t let unwise December spending result in ‘Januworry’
Legodi cautioned against the services of loan sharks in January
The 2019 CPhI Pharma Index Report
Examining this year’s industry performance
Tesco shares jump on possible sale of Asian business
Share price soars as grocery chain announces review of its Asian operations
Big European firms ‘dodging China-US tariffs by shifting supply chains’
European companies are ‘settling in’ to the trade war, Chamber president says
Take Five: Euphoria to despair and back again
(Reuters) - 1/ELECTION NIGHT FEVER
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
SEOUL (Reuters) - A South Korean court on Monday jailed three executives of Samsung Electronics (005930.KS) for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud.
Trans Adriatic Pipeline nearly completed, will be operational in October 2020, says official
Over 90% of the Trans Adriatic Pipeline (TAP), the European leg of the Southern Gas Corridor (SGC), is completed and will start delivering Azerbaijani gas...
DAI Flippens SAI 3 Weeks After Multi Collateral DAI Launch
The total amount of SAI (single collateral DAI) that was converted to DAI has exceeded 50 percent of outstanding supply. At this rate, we could see nearly all SAI migrating to DAI by the end of 2019. Maker has been exceptionally healthy, faring well even as ETH and BAT prices continue to fall, December 9, 2019.
Antony Catalano, Bruce Gordon reject Seven West Media's takeover bid for Prime Media
Australian Community Media executive chairman and Prime Media shareholder Antony Catalano has confirmed he will vote against Seven West Media's proposal to sw...
IDEG Launches 2 Bitcoin Trusts in Asia
Digital asset management firm IDEG Investment on Sunday announced the launch of two crypto trusts - Asia Bitcoin Trust I and Atlas Mining Trust I.
Who is Henry Gabay, Derby County's potential new investor?
The London-based businessman is in advanced talks with the Rams about an investment partnership with current club owner Mel Morris
India orders over 36,000 metric tonnes of onions; imports at 5-year high
State-run trading firm MMTC has already floated a tender for buying 21,090 metric tonnes (MT) of onions from Turkey and Egypt and the shipments are expected to arrive mid-January
Modi govt's centralised nature doesn't work well for economic reforms, says Raghuram Rajan
Rajan pointed out that extreme centralisation, coupled with lack of empowered ministers and a coherent guiding vision meant reforms picked up steam only when PMO focused on them and lost pace when its attention switched to other pressing issues
Share market highlights: Sensex ends 43 points up, Nifty near 11,950; TCS, HCL Tech top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty ended marginally higher on Monday afternoon, amid volatility.
airBaltic receives the Regional Airline of the Year Award by CAPA
The Latvian airline airBaltic received the CAPA Regional Airline of the Year award in a special ceremony in Malta on December 5, 2019. For the second time, airBaltic has been recognised as the leader of the regional aviation sector by CAPA's Aviation Awards for Excellence which is held annually since 2003 with professionals participating from airlines around the world. Martin Gauss, Chief Executive Officer of airBaltic said: “We at airBaltic have had yet another year of intense work and successful growth.
Winners of the Digital Sky Challenge announced
BRUSSELS - The winners of the aviation challenge themed as Digital Sky Challenge1 were announced at the awards ceremony as part of the SESAR Innovation Days2 on 4 December in Athens. Jointly organised by the SESAR JU and ACI Europe and hosted by Athens International Airport, the Digital Sky Challenge took place on 2-4 December in a dedicated airside facility of the airport. The event brought together 52 young tech-talents from 11 European countries competing in 12 teams to create breakthrough
Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park
Shares of Coffee Day extended decline to as much as 14.5% in Mumbai, which is the biggest drop since July 31.
Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more
This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month
Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project
The four-lane expressway will connect UP-Bihar border district with Purvanchal Expressway; It is expected to be 35-40 km long and is likely to cost Rs 40 crore per km
Tata Motors plans to add 100 new passenger vehicle outlets by FY 20 end
Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
Here's why Saudi Aramco's stock is unlikely to plunge on its debut
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich
At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
Piyush Goyal demands reciprocal access for Indian companies abroad
Foreign cos wont be allowed in local contracts unless India Inc gets to compete in those nations, said Goyal.
Pertamina offers 20 percent off avtur in eastern Indonesia during holiday traffic
State-owned oil company Pertamina will temporarily slash avtur prices by 20 percent at selected airports in eastern Indonesia ahead of expected heavy traffic during Christmas and New Year.
Royke Tumilaar appointed Bank Mandiri president director
State-owned lender Bank Mandiri’s shareholders have officially appointed Royke Tumilaar to be the bank’s new president director.
Soon-to-be skyscrapers in Habibie’s Meisterstadt megablock feared to disrupt air traffic
Hang Nadim International Airport has demanded that the apartments have a more reasonable height so as to prevent disruption to air traffic.
Saudi prince's ambitions hinge on triumphant Aramco sale
RIYADH, Saudi Arabia (AP) - Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion.
Why Europe will side with the US over China for 5G
America’s allies are belatedly heeding its warnings about the Chinese technology threat
Court seeks clarification before approving €2.9m debt write-off for Frank McNamara and Theresa Lowe
Further information sought by High court judge on musician’s financial affairs
Supreme Court refuses to hear opioid case involving OxyContin makers
Dec. 9 (UPI) -- The U.S. Supreme Court declined to hear a case Monday that accused Purdue Pharma of moving billions of dollars in an effort to shield them from a spate of pending lawsuits over the popular opioid painkiller OxyContin.
Virgin Galactic's stock could soar 726%, Morgan Stanley says
Virgin Galactic's stock is soaring after an analyst said its space planes could one day disrupt the air travel industry, potentially raking in nearly a trillion dollars a year in sales.
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless
The trucking “bloodbath” of 2019 is ending on a remarkably sour note.
Brazil cattle feedlots grow amid environment pressure, efficiency drive
SAO PAULO (Reuters) - The use of feedlots to finish beef cows will likely grow in Brazil, home to the world’s largest commercial cattle herd, a survey by Dutch animal nutrition and health company DSM showed on Monday.
Oil slips as weak China exports highlight trade war impact
NEW YORK (Reuters) - Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
AMSTERDAM (Reuters) - Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in their bitter takeover battle.
PH records 6.8M int’l visitors from Jan-Oct
International tourist arrivals reached over 6.8 million visitors as of October this year reflecting a 15 percent growth over same period last year, according to the Department of Tourism.
Pump prices on rollback this week
Budget of Filipino consumers for fuel this week will be partly eased, as pump prices will be on a new round of rollback at the scale of P0.40 per liter for gasoline and kerosene; and P0.10 per liter for diesel.
Analysts Claim Indirect Investment in Cryptocurrency and Blockchain helps Manage Massive Risks
There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to gain exposure to this space by investing in publicly listed companies that are working with blockchain and multiple cryptocurrencies, reported by LifeHacker, December 8, 2019.
Mbalula: Placing Prasa Under Administration Will Get It Back On Track
JOHANNESBURG – Transport Minister Fikile Mbalula said his decision to place Passenger Rail Agency of South Africa (Prasa) under administration with immediate effect will allow for rapid action to get the parastatal back on track. Mbalula made the surprise announcement at a briefing in Braamfontein on Monday shortly after informing staff about the decision, which […]
TASI ends Monday at three-month high
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) maintained its rising trend for the third consecutive session and ended Monday’s trading in gains, reaching its highest level since last August. The Tadawul All Share Index (TASI) added 0.26% …
IIB Board of Directors in Budapest Summed up the Results of 2019: Successful Completion of Relocation to Europe, Record Growth of Loan Portfolio and Key Performance Indicators
On December 6, 2019, IIB Board of Directors met in Budapest. The meeting summed up the results of the outgoing year, which became not only very successful but to a large degree marked a turning point in recent IIB history.
More than 150 jobs lost as Rondo Food closes Arklow plant
More than 150 jobs are to go in Co. Wicklow with the closure of a dog food manufacturer.
EUR/USD price analysis: Euro erases most of the intraday gains, challenges the 1.1059 support
The common currency, on the daily chart, is trading below its 200-day simple moving average (DMA).
USD/CAD falls toward 1.3220 as WTI rebounds to $59
After spending the majority of the day moving sideways near 1.3250, the USD/CAD pair lost its traction during the American trading hours and slumped t
Fed to reiterate its comfort with policy as it is, with little change in the projections – ABN AMRO
Previewing this week's Federal Open Market Committee (FOMC) meeting, "the Fed is widely expected to keep policy rates on hold at the conclusion of the
USD/JPY: Bears losing their grip as market attempts to bottom
USD/JPY is trading on the bid in the US session following a rise from 108.42 the low to a high of 108.66. The US dollar is holding up despite a strong
How importation is killing SMEs – FG
FG has decried the rate at which metal products are imported into the country, saying it is killing Small and Medium Scale Enterprises (SMEs).
It may not be HQ2 but AOC declares victory and trolls Amazon over New York expansion
Can we call it HQ1/2?
These are the watches worn by some of the most powerful businessmen and CEOs in the world, Business Insider - Business Insider Singapore
Business Insider - A luxury timepiece is an essential accessory for a CEO. Here is a list of watches worn by some of the world's most powerful executives.. Read more at businessinsider.sg
A truckload giant just filed for bankruptcy, and it leaves nearly 3,000 truck drivers jobless, Business Insider - Business Insider Singapore
Business Insider - Celadon declared bankruptcy on Dec. 9, and that collapse is worrying truck drivers that they may be stranded.. Read more at businessinsider.sg
Renaissance Services restructures its share capital
The Board of Directors of Renaissance Services invited all shareholders to attend an Extraordinary General Meeting
APICORP outlines key recommendations for sustainable growth in Mena
Access to private sector financing and increased energy efficiency amongst key recommendations for sustainable growth of MENA energy sector
UK visitors to GCC to increase 22% by 2024, reports ATM
2.8 million UK residents will travel to the GCC in 2024, an additional 500,000 travellers when compared with 2018
QLDC to consider new governance process for QAC SOI
To shift the contentious QLD Airport focus to critical work which will need to take place over the next three months the Council is seeking to adopt an entirely new process around influencing the Queenstown Airport Corporation (QAC) Statement of Intent (SOI) outcomes.
South Korea jails three Samsung Elec execs over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under ...
Swedbank cuts management team in revamp after laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money ...
Alta Fox Opportunities Fund - Keywords Studios PLC
KWS was the biggest loser in the portfolio in Q3.The stock declined because of Q3 results, which were deemed disappointing by the market.We remain long as I think the company is well positioned for se
Technically Speaking For 12/9: The Weekly Charts Are Bullish
Hedge fund activity might be a partial reason for the spike in money market yields this fall.Tech companies face increasing pressure.The weekly charts are positive.
Mary Winston leads Bed Bath & Beyond Inc. and its 60,000 associates as interim CEO
Bed Bath & Beyond Inc. an American chain of domestic merchandise retail stores operating in Puerto Rico, Canada, and Mexico has settled on Mary Winston as its interim Chief Executive. Founded in 1971, Bed Bath & Beyond – part of the S&P 500 and Global 1200 Indices – is hopeful Ms. Winston will lead them...
BuzzFeed UK threatened with being dissolved over late accounts
The online media business is already more than two months late and risks fines unless it files its 2018 financial information soon.
Gold clings to modest gains above $1460 level, lacks follow-through
Gold edged higher on the first day of a new trading week and recovered a part of Friday's post-NFP slide to multi-day lows. The latest US monthly jobs
FOMC to leave the target range unchanged – NBF
According to analysts at National Bank Financial, the highlight of the week will be the central bank’s monetary policy meeting in the US. Key Quotes “
ECB to leave the interest rates unchanged this week – Deutsche Bank
Deutsche Bank analysts suggest that the market is expecting no changes in interest rates from the ECB this week but the meeting will be closely watche
USD/CHF starts new week quiet around 0.9900
Despite a 30-pip rebound fueled by the broad-based USD strength on Friday, the USD/CHF pair erased 100 pips for the week and is now staying flat on th
NZD/USD consolidates last week's gains, trades above mid-0.65s
The NZD/USD pair registered one of its largest weekly percentage gains last week as it added more than 140 pips to close at 0.6563. However, with inve
WTI drops 1% towards $ 58.50 amid trade tensions, weak China exports
WTI (oil futures on NYMEX) is down over $1 from three-month highs of 59.85 reached last Friday after the OPEC and its allies (OPEC+) agreed to deepen
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration, Business Insider - Business Insider Singapore
Business Insider - Tullow Oil plunged after the CEO and the exploration director suddenly quit. The company also halted its dividend and reduced its production guidance.. Read more at businessinsider.sg
Portugal opens 300 supermarkets in 2 years
Almost 300 supermarkets opened their doors to the public in the space of just two years.
National e-commerce policy to lay down terms for treatment of non-personal, commercial data
Department for Promotion of Industry and Internal Trade (DPIIT) holding stakeholder consultations on the issue, says the official
No threat of job losses in auto sector: Minister tells RS
There is no threat of job losses in the automobile sector and no reason for worry, Minister of State for Heavy Industries Arjun Ram Meghwal said in Rajya Sabha on Monday. “The automobile sector is pre
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
Aucklanders stuck in traffic due to Govt policy
Todd McClay - Workplace Relations and Safety
Cryptocurrency Exchange - Here are tips to choose the best
The exchange you must have decided to make use of will greatly determine whether your crypto investment will be profitable or not in the long run. There are lot...
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
Day 5 of public transport chaos as French strike bites
PARIS: French commuters and tourists braced for a fifth day of public transport chaos Monday (Dec 9) as the government prepared to respond to ...
Skechers' 'cool' value gives it room to run like Nike: Barron's
Shoemaker Skechers USA is expected to post earnings growth on pace with Nike over the next three years, giving its relatively low valuation a ...
4 AM Wake-Up Call
Right off the bat, we saw an almost 850-point drop in the Dow Jones from Black Friday until Tuesday as President Trump was quoted as saying that he saw the chances of a trade deal lessening.The tariff
Cloud Stocks: VMware Builds Up With Acquisitions
VMware's third-quarter revenues grew 12% over the year to $2.46 billion versus the Street estimate of $2.41 billion.For the fourth quarter, the company expects license revenue to grow 13% to $1.39 bil
Golden Ocean Group: Very Strong Results Despite The Trade War
Golden Ocean Group delivered a phenomenal quarter despite the mixed headline numbers.The dry bulk trade set new records during the third quarter in spite of the escalating trade tensions between China
Regulators ponder new rules to temper Big Tech data advantage
Global banking regulators say the arrival of Big Tech firms like Google, Amazon and Apple in financial services poses a host of stability risks that may require sweeping new laws to level the playing field with smaller tech firms and banks.
Starling adds legal services to its digital offering
Starling Bank has announced a partnership with legal services provider Sparqa, the latest addition to the challenger's in-app Marketplace.
Payday firms offer loans @ 500%
India Business News: NEW DELHI: They are banned in 15 states in the US, China has capped the interest they can charge and consumer groups in European countries are fightin.
Vistara signs codeshare agreement with Lufthansa
India Business News: Vistara has entered into a codeshare pact with German airline Lufthansa, the sixth such agreement with an international airline as the domestic full s
BuzzFeed UK threatened with being dissolved over late accounts
The online media business is already more than two months late and risks fines unless it files its 2018 financial information soon.
Kenya’s President Uhuru Kenyatta comes up with 6 areas Africa and Caribbean countries need to join hands and put their money in
President Uhuru Kenyatta has outlined six key focus areas that need revamping in order to jump start industrial transformation of the African, Caribbean and Pacific (ACP) member countries.
Costco talk continues Tuesday with Lake Stevens City Council
Last time, there was no vote on the proposed wholesale store. Now the council has another chance.
Airbus stock outperforms Boeing as 737 uncertainty continues
Some expect Airbus’s shares to continue to benefit from the confusion in 2020.
How a Risky Court Decision Can Give China the Lead in 5G Technology
In spite of the lingering trade discrepancy in advanced technology products, the United States stays as the worldwide trendsetter for telecommunications and networking. U.S. firms are presently battling against Chinese state-influenced companies such as Huawei, for one, that will identify if the American dominance continues into this 5G technology generation.
Breaking: Over 100m Nigerians earn less than N700 per day — EFInA
A survey report by EFInA has shown that over 100 million Nigerians earn less than N700 per day which limits them to save, make income or take risks on...
Shopping local is part of a vibrant community
Buying locally is an integral part of what it takes to have a healthy and vibrant community. By encouraging our consumers to do their holiday shopping in locally owned businesses it increases the measurable effect that every dollar spent in a local business has on local economies.
EUR/USD keeps highs as Eurozone Dec Sentix Investor Confidence beats estimates with +0.7
Investor confidence in the Eurozone improved sharply in December amid looming US-China trade tensions and German recession, the latest data published
GBP/USD eases from 8-month tops, still comfortable above mid-1.3100s
The GBP/USD pair spiked to fresh eight-month tops during the early part of Monday's trading session, albeit quickly retreated around 20 pips thereafte
European companies minimise risks from US-China trade war
European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday.
Oman vs Dubai: How does the cost of living compare?
Oman and Dubai may offer very different experiences
IIT-Madras placements: 184 firms offer 831 jobs
The top recruiters during 2019-20 include Micron Technology India Operations with 31 offers ; Intel (20); Microsoft India (19) and Tata Consultancy Services (16).
Anthill Ventures, Rana Daggubati launch scale up platform for startups
The startups might receive investments to the tune of $1,00,000 upfront and up to $1 m upon programme completion
The decaying HDB lease, myth or reality?
The decaying HDB lease, myth or reality?
Plastics NZ to ‘Make Best Practice Standard Practice'
Plastics NZ Endorses Plan to ‘Make Best Practice Standard Practice’
Nigeria set to open extractive industry ownership register -- Here's how it will work
This week, Nigeria will launch the Beneficial Ownership Register in the extractive industries in line with the global EITI standards.
Asian stocks pulled higher by Wall Street jobs rally but China caution prevails
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were ...
Oil prices stumble on weak China exports hangover
Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers ...
First Trust New Opportunities MLP & Energy Fund: Our Top Pick Among MLP CEFs
FPL has presented a strong performance in 2019 despite continued weakness in MLPs and the midstream energy industry.We think the fund has value considering current discount to NAV and potential rebou
How China Mobile Sustains A 5% Dividend Yield, In 5 Charts
China Mobile is the largest mobile phone operator in the world, again trading at a 5% dividend yield backed by steady free cash flows.Compared with both domestic and US telecom counterparts, China Mob
These are the African countries with the best 4G internet coverage
Every year, the Global Connectivity Index (GCI) by Huawei ranks 79 nations along an S-curve graph. The S-curve groups countries into three clusters: Starters, Adopters, and Frontrunners based on ICT investment, ICT maturity, and digital economic performance. This year’s GCI research methodology has been expanded to help policymakers understand AI’s growing influence on the global...
US SEC Re-Opens Infamous Bitcoin Scammer Case
According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick
Crypto Payments Now Legal in Ukraine
Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international
Useful tips and tricks to deal with load shedding | IOL News
As South Africans brace for a dark festive season, experts have offered useful tips and tricks to help deal with ongoing load shedding.
Deadline looms for comments on plan to expand paid street parking in Cape Town | Cape Argus
Cape Town residents have been reminded to comment on a proposal to expand the areas subjected to paid street parking.
Kenney and cabinet ministers in Ottawa to meet federal counterparts
Alberta Premier Jason Kenney and eight of his cabinet ministers will be in Ottawa today as part of a trip to meet their federal counterparts.
Inheritance Tax rules could be changing. Here's 10 facts you need to know...
With potential changes in inheritance tax rules on the horizon, Ian Lowes, managing director of Lowes Financial Management, offers some advice
Sensex falls 70 pts in early trade; banking stocks drag
Equity benchmark BSE Sensex on Monday fell over 70 points in early trade, dragged mainly by losses in financial and banking stocks amid persistent foreign fund outflows. The 30-share index was
Probe underway into $3.3M fraud at Telenor bank
Several employees at Telenor’s Pakistan-based Microfinance Bank were accused of helping scam the operation out ...
SoftBank plans AI institute to aid businesses
SoftBank and The University of Tokyo teamed on a project to boost development of AI ...
Ericsson will pay a yard to settle bribery charges
The judge could not be Swede into letting them off
China's pig herd expands by 2% in November vs October - ministry
BEIJING — China’s pig herd increased by 2% in November compared with the prior month, the Agriculture Ministry said on Monday.
New Age Beverages Stock Remains a High-Risk, High-Reward Situation
NBEV stock could rise by seven-fold from here, but it's far more likely that shares remain weak thanks to glaring profitability issues.
GE Stock is a Buy as CEO Larry Culp Addresses the Mess He Inherited
GE stock holders may have been disappointed with the decision to keep the dividend at a penny. But the new CEO is running a marathon, not a sprint.
Explained: How govt proposes to regulate the dismantling of ships
Under the proposed law, ships will be recycled only in authorised recycling facilities. An application to authorise such a facility must be submitted to the Competent Authority notified by the central government, along with a ship recycling facility management plan and the prescribed fee.
European companies minimise risks from US-China trade war
BEIJING, Dec 9 — European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said today. The world’s two biggest economies have been entangled in a...
IHH Healthcare receives shareholders’ approval to acquire Prince Court
KUALA LUMPUR, Dec 9 — IHH Healthcare Bhd hopes to complete its proposed acquisition of the Prince Court Medical Centre in the first quarter of 2020, following the strong approval obtained from its shareholders at an extraordinary general meeting today. In a statement, the healthcare provider said...
Bursa Malaysia ends lower on subdued sentiment
KUALA LUMPUR, Dec 9 — Bursa Malaysia finished lower today on subdued sentiments as weak export data from China, the country’s biggest trading partner, signalled weakness for the broader Asian economy. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.73 points to 1,562.71 from Friday’s...
Dollar holds ground as central bank meetings loom, pound jumps
LONDON, Dec 9 — The dollar held its ground today thanks to last week’s stronger-than-expected jobs data, although worries about US/China trade talks kept gains in check, while Britain’s pound jumped on the latest polls ahead of this week’s election. Sterling hit a fresh 2-1/2 year high...
Malaysians spend 70pc of monthly income on goods, housing and transport, says minister
KUALA LUMPUR, Dec 9 — Almost 70 per cent of Malaysians’ monthly income are spent on goods, housing and transport, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said. Based on a World Bank Group report, the cost of living shouldered by Malaysians was mainly...
Chong: Sugar supply liberalisation will benefit consumers in the long run
KUCHING, Dec 9 — The liberalisation policy on sugar supply in Sarawak will not result in an immediate effect to the price of the commodity but will definitely benefit consumers in the long term, Domestic Trade and Consumer Affairs Deputy Minister Chong Chieng Jen said today. He said the policy,...
Viper Energy Partners LP (NASDAQ:VNOM) Receives $39.87 Average PT from Brokerages
Shares of Viper Energy Partners LP (NASDAQ:VNOM) have earned an average rating of “Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong […]
The US raked in a record $7.2 billion in tariffs in October, new data shows
The US government collected a record amount in tariffs in October as a trade dispute between the Trump administration and China escalated. Reven...
Nigeria's weak operating environment is still a challenging factor for the banking sector
Moody's Investors Service has said that Nigeria's weak operating environment posed a challenge to the banking sector in maintaining the recent improving trend, particularly as regards asset quality, given the increasing bank lending.
$251m equity raising a bridge too FAR?
FAR's $US350 million debt raising is in train but it is also seeking to sell a big equity stake.
French-listed behemoth Elis weighs bid for Spotless Laundries
French behemoth Elis is weighing a bid for Spotless' commercial laundries business.
Cooper Energy poised to get its Sole, Downer leaves site
Cooper Energy is close to unlocking gas from its Sole project in south-eastern Victoria.
Pound-Euro Rate's Recovery Potential Limited Beyond 1.20: AFEX
Foreign exchange strategists with foreign exchange brokers AFEX say Pound Sterling is likely to remain relatively well supported against the Euro, and the strong rally in the exchange rate seen over recent weeks can potentially reach 1.20
Pound a Solid "Contrarian" Bet Against the Dollar for Early 2020: BofA
Foreign exchange strategists at Bank of America Global Research have confirmed they remains positioned for a further recovery in the Pound against the U.S. Dollar, describing the stance as one of their "best contrarian G10 FX trades" for the foreseeable future
Imported onions reach Dindigul market
Farmers begin cultivation of shallots
Onion nightmare continues for consumers
Price of the commodity ranges between ₹110 and ₹170 per kg depending on the variety
Starling Bank Adds First Legal Services Partner to Business Marketplace
UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. Ac
Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?
Summary XRP has seen an increase of 4.25% this week as it reaches $0.23. The cryptocurrency broke above a steep descending channel that was apparent in
The US raked in a record $7.2 billion in tariffs in October, new data shows
While the White House has asserted that foreign exporters pay tariffs, there's evidence those costs largely fall on domestic business and consumers.
The Pros and Cons of Standard vs. Itemized Tax Deductions
It shields a portion of your earnings from income tax. While the standard deduction is the government's built-in subtraction that you can take while preparing your taxes, itemizing is composed of individual deductions that, together, can help lower the amount of taxable income you pay. Read on to
Bitcoin Eyes Crash Towards $6K as Market’s Distress Grows
Bitcoin opened on a faint note this Monday as the market showed a lack of sense of direction owing to low volatility. The world's leading cryptocurrency
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Fed Study: Electronic Devices Used In 24 Pct. Of Consumer Payments
Among the findings of the 2018 Diary of Consumer Payment Choice, produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise.
How Truckers Keep On Transacting
America's 3.5 million truckers face serious delays when they can't easily pay for fuel and cargo unloading services. Carrying cash isn't always safe, and payments acceptance can vary retailer-to-retailer. In the new Next-Gen Payments Report, Women In Trucking Association CEO Ellen Voie explains how EMV cards, expense tracking and budgeting tools keep drivers from veering off course.
Travelstart takes over Jumia Travel
Weeks after it closed shops in Cameroon and Tanzania, Jumia, the largest e-commerce operator in Africa, has offloaded its travel operations to Travelstart. In the new arrangement, Jumia will still promote the travel category on its platforms but Travelstart will be responsible for the “operational side of the business.” “This partnership will ensure we remain […]
Bank of Baroda to sell up to 1.04 crore UTI AMC shares in IPO
Last week, the country's largest lender State Bank of India (SBI) had approved diluting up to 8.25 per cent stake in UTI AMC.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
Last week, govt had reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes while that on wholesalers to 25 tonnes from 50 tonnes as onion prices were ruling high up to Rs 150 per kg. Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
View: Saudi Aramco's $2 trillion dream isn't really about oil
Saudi officials have taken to the oil sectors investor relations style with aplomb.
Tariff hikes to double telcos' Ebitda: Crisil
In the last few weeks, Airtel, Vodafone and Jio have increased their tariff- a first since 2016.
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL Securities
Reforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
Saudi Arabia Backs Investment in Wireless Sensors to Forecast Floods, Weather Conditions, Natural Disasters
Two Saudi investment funds have revealed financing a promising wireless environmental sensor project. This step comes in line with the Kingdom’s attempt to support and bolster technical innovations and exerted efforts by private financing entities to
Paris-based Ankorstore, the B2B marketplace redefining retail, raises €6 million to expand across Europe
Just two weeks after Ankorstore’s official launch, the Paris-based startup has closed their first round of funding at €6 million, led by Global Founders Capital, Alven and Aglaé Ventures. Over the next few months, Ankorstore plans to triple its workforce, by hiring developers, business developers and customer support.
South Africa hit by massive power cuts as floods disrupt supply
Worst outages in a decade after heavy rains cause power stations to fail
Amazon India bets on vernacular, voice & videos to help sellers boost sales
Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.
Suraksha Realty confident of acquiring Jaypee Infra, voting from Dec 10
Suraksha Realty is owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi
ICICI Bank opens new center in Bahrain, offers retail, corporate banking
The bank already has a retail branch at the local Manama Centre, it said in a statement
UP govt clears plan to induct 700 electric buses in 14 cities across state
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
Plans to privatise BPCL suicidal for nation, says PSU officers' union
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
Kazakhstan plans more than $1 billion in fresh aid to banks: Sources
Kazakhstan plans to provide more than $1 billion in aid to at least four local banks after an asset quality review revealed holes in their balance sheets that require capital injections, two sources familiar with the plans told Reuters.
Beijing orders Chinese government to dump all Windows PCs by 2022
China replace all Windows PCs for government use for security reasons by 2022 due to a new government directive to "uncouple" for western technology
Bitcoin Climbs 2 Spots on China’s Latest CCID Ranking
China's Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than
Risky business: Why gov’t made sure Manila Water, Maynilad would earn
Part 2: What is 'onerous' now was logical before. Rappler looks at the history of how government enticed the private sector to take over water services.
No proposal for education loans waiver, says govt
The government on Monday said there is no proposal under consideration for waiver of education loans. In the last three years from 2016-17 to March 2019, the amount of outstanding education loans
3 Tax Mistakes You're Probably Making Today
If you're falling victim to these blunders, you're throwing money away or opening the door to problems you really don't need.
The 5 Best Industrial Stocks to Buy for 2020
Assuming the economy avoids a protracted slowdown next year, these companies' catalysts could deliver strong gains for investors.
‘Who’s going to make the first move?’: Canada not alone in the Huawei dilemma
Nations around the world seek direction on whether to allow the Chinese company’s equipment into 5G networks
7 Low-Risk Mutual Funds to Buy Now
An array of low-risk mutual funds spanning multiple asset classes are currently available to investors. Here are seven worth a look.
Things Are Going from Bad to Worse for Aurora Stock
Does Aurora Cannabis stock offer an intriguing, compelling trade? Yes. However, realistically getting to that point is a major problem.
If You Haven’t Ditched NBEV Stock Yet, Now Is the Time
NBEV stock is an irredeemable loser. The CEO is selling shares and the company is in debt and losing money.
With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell
Because if you do, you’ll probably lose all your principal and a tax deduction would then be the only benefit to owning OCGN stock.
4 Cybersecurity Stocks to Buy for Long-Term Gains
Secular tailwinds underpinning the cybersecurity market remain as favorable as ever, meaning these four cybersecurity stocks are good buys.
Govt to set up Special Purpose Vehicle to monitor Kampung Baru redevelopment
KUALA LUMPUR, Dec 9 — A Special Purpose Vehicle (SPV) company will be set up to carry out the Kampung Baru redevelopment project, the Dewan Negara was told today. Federal Territories Minister Khalid Abdul Samad said so far, no developers had been appointed to carry out the project. He said the...
Global stocks whacked as China export decline highlights trade war damage
LONDON, Dec 9 — Global equity markets were in a sombre mood today after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial December 15 tariff deadline. The only big winner of the day was the British pound which surged to...
Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits
The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.
Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential
Mixed performance over the weekend nonetheless failed to inject volatility into Bitcoin markets, with attention now focusing on preserving support at $7,400.
Fireangel Safety Technology Group (LON:FA) Sets New 52-Week Low at $9.50
Fireangel Safety Technology Group PLC (LON:FA) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12), with a volume of 1807590 shares traded. The stock had previously closed at GBX 12.75 ($0.17). The stock has a market capitalization […]
Critical Comparison: Standard Chartered (OTCMKTS:SCBFF) & Hanmi Financial (OTCMKTS:HAFC)
Hanmi Financial (NASDAQ:HAFC) and Standard Chartered (OTCMKTS:SCBFF) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, dividends, profitability, earnings and risk. Profitability This table compares Hanmi Financial and Standard Chartered’s net margins, return on equity and return […]
Bristol-Myers Squibb Co (NYSE:BMY) Given Consensus Recommendation of “Buy” by Brokerages
Bristol-Myers Squibb Co (NYSE:BMY) has been given a consensus recommendation of “Buy” by the nineteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price […]
Intertek Group (ITRK) – Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for Intertek Group (LON: ITRK): 12/9/2019 – Intertek Group had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. 11/27/2019 – Intertek Group had its “neutral” rating reaffirmed by analysts at UBS Group AG. 11/27/2019 – Intertek Group had its price target […]
Azimut Exploration (CVE:AZM) Hits New 52-Week High at $0.50
Azimut Exploration Inc. (CVE:AZM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.50 and last traded at C$0.50, with a volume of 40200 shares. The stock had previously closed at C$0.46. The company has a market capitalization of $26.11 million and a P/E ratio of -98.00. […]
Comstock Metals (CVE:CSL) Sets New 12-Month Low at $0.02
Shares of Comstock Metals Ltd (CVE:CSL) hit a new 52-week low on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 100000 shares traded. The stock had previously closed at C$0.02. The firm has a market cap of $1.39 million and a P/E ratio of -0.30. […]
A British oil stock tanked 60% after the shock resignation of the CEO and head of exploration
Tullow Oil, a British oil company, tanked on Monday morning after the company announced the resignation of its CEO and exploration director as well as cutting its production guidance. Tullow’s board also suspended its dividend.
Swelling U.S. IPO backlog points to crowded 2020 field
(Reuters) - More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.
EU approves 3.2 billion euro state aid for battery research
BRUSSELS (Reuters) - The European Commission approved on Monday 3.2 billion euros ($3.53 billion) of state aid from seven European Union countries for research and innovation in battery technology.
China's Pig Herd Rises for First Time in a Year in November
China's pig herd increased by 2% in November compared with the prior month, the agriculture ministry said on Monday, the first increase in a year.
UPDATE 1-EU sets tariffs on Indonesia biodiesel imports over subsidies
(Adds details of case)By Philip BlenkinsopBRUSSELS, Dec 9 (Reuters) - The European Union confirmed on Monday that it will impose tariffs on imports of biodiesel from Indonesia to counter what it sees as unfair subsidies, concluding a case that has lasted seven years.The duties, normally in place for five years, have been set at between 8 and 18%, the same level as the provisional rates proposed in August.
Almarai names Majed Nofal as CEO
Riyadh – Mubasher: The Board of Directors of Almarai Company announced the appointment of Majed Mazen Nofal as the company’s new CEO. The decision will be effective starting from the beginning of January 2020, according to a company statement to …
South Korea to Impose Capital Gains Tax on Crypto
The South Korean Ministry of Economy and Finance has decided to impose capital gains tax on digital currencies.
Amid Internet Shutdown in Jammu, Government Employee Caught Making Money Off Water Bills
New Delhi (Sputnik): India's newly-formed union territory Jammu and Kashmir remains cut off from the world as internet, telephone, and mobile services were shut down in the area in August. The Indian government has been receiving international condemnation for the communications clampdown in the area.
Big tax cuts may be coming for middle class in next Budget; here's why
Responding to a question at an event in Delhi recently, finance minister Nirmala Sitharaman also said that the government was looking at myriad suggestions and the relaxation on personal income tax was one of them before it presents the Union Budget 2020 in February next year
Tata Motors share has gained 32% in last three months: Time to buy, sell or hold the stock?
Tata Motors share was reeling under losses as auto sector was clouded by economic slowdown for more than a year. Uncertainties on the global front also hit sales of its UK arm JLR which affected the stock
StartersHub, micro VC from Istanbul and San Francisco, to invest in 60 startups from central and eastern Europe
StartersHub, an early-stage tech investment fund based in Istanbul and San Francisco, will back 60 eastern European startups over the next four years in an effort to bridge the gap between pre-seed and seed funding. Arda Aşkin, managing director at StartersHub, explained: “Despite the fact that a record €0.7 billion was invested in CEE startups […]
Peregrine Ventures raises more than €103 million for its fourth fund, to invest in MedTech startups
Peregrine Ventures, an Israeli MedTech venture capital fund, just closed its fourth fund, Peregrine 4, raising €103 million. Their partners include some of the leading institutional and private equity investors from Israel, the United States, Europe and Australia.
Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Market Wrap, Dec 9: Sensex up 42 pts, Nifty at 11,937; Auto stocks gain
Sectoral indices ended the session mixed on the NSE. At close, Nifty Realty Index closed with a cut of 1.15 per cent, while Nifty Auto index closed 0.73 per cent higher
Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.
Petrol price hits Rs 75 per litre mark, diesel price crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre
Hope to reach trade agreement with US as soon as possible: China
China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh US tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday.
UK PM Johnson on Heathrow: might be difficult to lie before bulldozers
British Prime Minister Boris Johnson said on Monday he would try to find a way to honor his promise to oppose Heathrow airport expansion by lying down in front of bulldozers but that it might be difficult for him. The British parliament has approved an expansion plan for Heathrow, including building
Priyanka Lambasts Centre Over Rising Petrol, Onion Prices, Says Govt is in Sleeping Mode
"The inflation has made the life of common man worse, prices of onion have crossed Rs 200 in some parts and petrol has crossed Rs 75, but the BJP government is in sleeping mode", stated Priyanka.
OKEx Prepares to Launch USDT-Margined Perpetual Swap Trading, Announces TMMR Risk Management Feature for Spot Margin Trading
OKEx, the leading global cryptocurrency futures exchange platform has announced that it is going to soon launch its USDT Margined Perpetual Swap Trading
Naspers spin-off Prosus ups Just Eat offer to £5.1-billion
Naspers spin-off Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
Jaguar Land Rover sales fall 3.4% in Nov
The sales of Jaguar brand were at 11,464 units during the month, down 23.1 per cent per cent from November 2018, Tata Motors said in a BSE filing. Land Rover sales stood at 35,078 units, up 5.5 per cent per cent from the same month last year, it added. Tata Motors-owned Jaguar Land Rover (JLR) on Monday reported 3.4 per cent decline in total retail sales.
German exports rise in October, defying expectations
BERLIN (AP) - German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline.
Dozens suffer losses in sham cryptocurrency scheme in Masaka
fraud
Tighter climate rules seen erasing US$2.3 trln in firms’ value
Tighter government climate regulations by 2025 could wipe up to US$2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned, Reuters reports. Any abrupt policy shifts risk severely disrupting current investment strategies, Principles of Responsible Investing (PRI), a group representing investors with…
China says hopes to reach trade deal with US as soon as possible
China said it hopes to make a trade deal with the United States as soon as possible, Reuters reports. “On the question of China-US trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others’ core interests, reach an…
Government debt is not a free lunch
With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150 percent of GDP even by the most conservative measure) without any great concern about long-term consequences. Advocates of much higher debt might be…
Andhra govt cancels Rs 3 crore work orders at CM's residence to ward off criticism
BJP leader Lanka Dinakar welcomed the cancellation of the order pertaining to the expenditure.
PPP forum on exporting smart transport infra to be held
A forum on public-private partnerships for the export of smart technology-based public transport infrastructure is set to be held in Seoul on Thursday, the Seoul City government said Monday. Hosted by the Seoul Metropolitan Government, the forum will look at emerging trends in smart transport systems, Seoul’s smart transport policies and the municipality’s support for private companies looking to br...
Irish skincare company Integumen raising £1.4m from share placing
Company to use funds to help boost revenues as it looks to double size of its laboratory
Farmers blockade Tesco in ongoing row about beef prices
IFA president says supermarket’s half-price beef sale is an ‘insult to farmers’
Taiwan urged to ease rules to attract AI talent
To tackle ongoing brain drain, Taiwan businesses are keen on adopting AI solutions to accelerate operation upgrades and transformations, but what counts more is how they can attract more high-level foreign AI and other tech professionals to work in Taiwan to sustain innovation momentum, according to some experts.
European shares flat as China data stokes slowdown worries
(For a live blog on European stocks, type LIVE/ in an Eikon news window)Dec 9 (Reuters) - European stocks were flat on Monday as new data from China signalled a slowdown in the world's second-largest economy, stoking fresh concerns about slowing global growth.The pan-European STOXX 600 index was trading flat at 0803 GMT, after closing more than 1% higher on Friday following a robust U.S. jobs report.
Ericsson pays over USD 1 bln to resolve bribery charges in the US
Ericsson has agreed to pay USD 520.6 million and USD 458.4 million (plus pre-judgement interest of USD 81.5 million) to settle bribery charges brought by the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), for a total of over USD 1 billion. CEO Borje Ekholm said the Ericsson can move forward and build a stronger company.
Saxo Bank Reports Worst Monthly FX Volumes in 4 Years
Saxo Bank posted a month-on-month drop across the board for foreign exchange, commodities, fixed income and equities trading volumes in November.
Men in khaki to soon don khadi! Para-military forces to use hand-woven fabric in uniforms
Home Minister Amit Shah also instructed the DGs of all para-military forces to use village industries products such as pickles, papad, honey, soaps and detergents, shampoos, phenol, tea, mustard oil etc. in their canteens
UP Cabinet approves Zurich Airport International as developer for Jewar airport
The Swiss firm had on November 29 emerged as the highest bidder to develop the Jewar airport on the outskirts of Delhi
Special report: We need more than GDP growth (part 1)
Why measuring GDP is not enough.
Takeover bids intensify for Just Eat food app
Prosus increases its cash offer for the food delivery firm.
Rakesh Jhunjhunwala voices support for Fortis-IHH deal, says no link to Singh brothers
Expressing shareholders' concerns over lag in IHH's planned open offer for Fortis, Rakesh Jhunjhunwala stressed that the deal was "fair" and IHH should conclude it since the open offer has been pending for a year
Germany’s relations with Qatar not limited to business: Envoy
The Ambassador of the Federal Republic of Germany to the State of Qatar, H E Hans-Udo Muzel said that friendship and cooperation between the two countries is not limited to business, as Berlin is partnering with Doha in many other fields to jointly tackle the challenges of the future, saying that Qatar is an important partner for his country during its non-permanent membership of the United Nations Security Council in 2019-2020, sharing a common vision of a multilateral framework based on a rules-based world order.
Qatar Petroleum announces implementation of ICV Policy from January ’20
Qatar Petroleum (QP) has announced the implementation of the In-Country Value (ICV) Policy in the Energy Sector starting from January 2020 through Tawteen, the localization programme for services and industries in Qatar’s energy sector.
QNB to embrace digital transformation
Abdulla Mubarak Al Khalifa, Acting Group Chief Executive Officer of QNB said yesterday that Qatar’s banking sector is well capitalised, with high asset quality and robust profitability. The capital adequacy ratio stands at 17 percent, well above Basel III guidelines. Asset quality remains high with non-performing loans (NPLs) at 1.9 percent, one of the lowest in the region. Profitability remains solid with returns on equity (RoE) over 15 percent, he said while addressing The Euromoney Qatar Conference.
Manateq awards QR1.5bn project to GWC
Manateq (Economic Zone Company-Qatar) announced yesterday at a press conference that it has awarded the Al Wukair Logistics Park development project to Gulf Warehousing Company (GWC), Qatar’s leading logistics provider.
QC, Turkish metals sector to boost cooperation ties
The Qatar Chamber (QC) held a meeting yesterday with a trade delegation headed by the Chairman of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB) Tahsin Öztiryaki. The Qatari side was headed by QC’s First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari.
Catalonia Hotels & Resorts partners with Beonprice for digital transformation
BARCELONA - Catalonia Hotels & Resorts has selected Beonprice as its strategic solution for Revenue Management, as the hotel group undergoes significant digital transformation. The hotel chain – which operates 72 properties and more than 10,000 rooms – chose Beonprice as the technology company shared its commitment to innovation and offered a clear vision for how the hotel group can maintain its competitiveness through a dynamic Revenue Management strategy. Utilising Beonprice’s Artificial Intelligence technology, Catalonia Hotels & Resorts will be able to
ATOM Hotels Socimi expands its portfolio
MADRID - The REIT ATOM Hotels Socimi, incorporated in January 2018 by Bankinter and GMA, has confirmed the acquisition of the hotel Tryp Coruna formally owned by one Melia Hotels International Group’s companies, The four-star hotel is located in the historic center of La Coruna and offers 181 rooms. The acquisition represents 12.9 million euros. A new lease agreement has been signed with the Hotusa Group, which will operate the hotel under the EXE brand. GMA, ATOM manager, has led the rebranding
Ethiopian Group CEO named ‘Airline Executive of the Year’ by CAPA
ADDIS ABABA - Ethiopian Airlines Group CEO Mr. Tewolde GebreMariam has been recognized as ‘Airline Executive of the Year’ at the annual Global Aviation Awards for Excellence organized by Centre for Aviation (CAPA) in Malta on 5th December 2019. Mr. Tewolde GebreMariam won the title for his commendable individual influence on the aviation industry, demonstrating outstanding strategic thinking and innovative direction for the growth of Ethiopian Airlines and the aviation industry at large. Commenting on the accolade, Mr. Tewolde GebreMariam said,
Vistara signs codeshare agreement with Lufthansa, 6th with overseas airline
As part of the agreement, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering ten Indian cities, including Delhi, Mumbai and Chennai
Shakti Pumps hits 52-week low as CARE downgrades bank facilities
The outlook for the long-term rating of the company has been revised from 'Stable' to 'Negative'.
Esperance Shire owed nearly $40k in unpaid rates
The Shire of Esperance is set to take its pursuit of unpaid rates to the next stage, with more than $39,000 owing. According to the December, 2019 council ag...
Cops accused of flouting laws by sourcing unlawful R6.9m donations | The Star
SAPS allegedly received Police Day gifts and sponsorships with the national commissioner’s approval
AEDC: We cannot avoid VAT from meter cost - The Nation Newspaper
Following the complaint about the surreptitious manner in which the Abuja Electricity Company (AEDC) has raised the cost of meters, the power firm's ...
International Breweries opens N164b rights issue - The Nation Newspaper
International Breweries has opened application list for its N164 billion right issue, in a major recapitalisation that will see the Belgian core ...
Vice President highlights limp action to prevent illegal trade
Despite the inability to prevent and control illegal trade effectively, illegal goods worth over Ks15 billion were confiscated over the past 14 months, Vice President Myint Swe told local businesspeople. The Private Sector Development Committee held the 31st meeting with Myanmar entrepreneurs at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on December 8.
Shares, Commodity, Rupee Market LIVE Updates: Sensex up 100 points, Nifty over 11,950 led by auto, metal stocks
Share Market, Sensex, Nifty, BSE, NSE Share Price Today Live Updates: Catch all the LIVE market action here.
Airtel Launches Non-expiry Data Bundles, 5MB To Sell At Ksh1
Kenya's second-largest telco Airtel has launched non-expiry data, months after its rival Safaricom launched a similar product.In the new plan, 5MB of data will cost Ksh1, and a Ksh2 call rate acro
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule skyrocketed as much as 102% in early Monday trading after Merck agreed to acquire the company in a $2.7 billion tak...
Foreign capital inflows into telecoms rise by $659.03m
The country’s desire to deepen broadband penetration nationwide is hinged on capital investment into the telecom sector. IFE OGUNFUWA examines how the sector has fared in investment in the past two...
Airbnb invests as Zeus corporate housing raises $55M at $205M
As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer-term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living, which will list […]
Invest In Crypto Stocks Instead Of Actual Cryptocurrency
Just a few short years ago, buying up cryptocurrency was all the rage. In theory, you could spend a little on Bitcoin or one of the other popular cryptocurrencies, and cash out with an astonishing rate of return....
EU agrees future human rights sanctions
Human rights abusers worldwide are to face EU asset freezes and travel bans under new-model sanctions agreed by foreign ministers in Brussels Monday. "Today, the EU unanimously decided to legislate a worldwide EU human rights sanction regime," Dutch forei...
Private equity tycoon Guy Hands looks to buy struggling Kier Living
Hands' private equity firm - Terra Firma Capital Partners - is one of the last remaining bidders for Kier Living.
Chilango confirms plans to launch CVA and exit leases
Embattled Mexican chain Chilango has confirmed that it plans to launch a company voluntary arrangement (CVA) in a bid to secure the future of its business.
Eye in the sky: how satellite positioning could help Australian mines
New satellite technology could be worth A$6bn to the Australian economy; we speak to Geosciences Australia about the technology’s potential in mining.
Want to buy an old fire station? South Florida county has one on auction block
Officials from a South Florida county are preparing to auction several parcels of real estate -- including an old firehouse.
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households, officials of the combined company announced Monday.
Australia's Queensland state will bid for 2032 Olympics
BRISBANE, Australia - Australia's Queensland state will bid to host to the 2032 Olympic Games and Paralympics, state premier Annastacia Palaszczuk told repo
Rupee darts up 16 paise to 71.04 against U.S. dollar
The rupee pared initial losses and settled 16 paise up at 71.04 against the U.S. dollar on Monday amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas. Fr
Sensex rises 42 points in range-bound trade; bank, auto stocks spurt
Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters. After opening on a weak note, the 30-share BSE Sensex stabilised in
Meeting on pending Central Excise and Service Tax cases held
A meeting to explain the procedure to be adopted for settling pending Central Excise and Service Tax-related cases under ‘Sabka Cishwas (Legacy Dispute Resolution) Scheme, 2019’ to taxpayers was held
Gold slides ₹32 on stronger rupee, global cues
Gold prices fell by ₹32 to ₹38,542 per 10 gram in the national capital on Monday due to rupee appreciation and selling in global market, according to HDFC Securities. On Saturday, the precious metal h
Universal Credit changes coming into force in 2020 for 12million people
The end of the five year freeze will bring relief to the 10million benefit claimants - 2.5million of whom are on Universal Credit - who've struggled at the hands of inflation for years
An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money
Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P inves
Catching Up: NatWest Adds More Features to Banking App
The race to compete with emerging Fintechs is compelling most all banks to up their game. This is good for the consumer. Better service and lower costs (hopeful
Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?
Ethereum finally broke above the $150 level but now struggles at the resistance at $152. ETH broke beneath the lower boundary of the symmetrical triangle
Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it's rolling out cash-settled Bitcoin futures
Shareholders in revolt over EOH pay policy
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
Nakuru MCAs pass bill to promote tourism
The Bill which has been forwarded to Governor Lee Kinyanjui for assent.
FG: All agencies, ministries must publish details of financial activities daily
The federal government has directed that all ministries, departments and agencies (MDAs) must publish a daily statement of their financial activities
Airtel scraps expiry dates on data, voice as subscriber numbers continue to grow
NAIROBI, Kenya, Dec 9 - Airtel Kenya has launched no expiry data and call rates that will allow customers to spend as low as 1 bob for 5MB data and to make calls at 2bob
Ease of Doing Business: Karnataka to pick lessons from New Zealand
Karnataka aims to see an increase in economic growth and job opportunities with an improvement in ease of doing business. Officials must work towards bringing Bengaluru to the forefront in ease of doing business index.
Central GST falls short of budget estimate by 40pc in April-November
CGST collection during Apr-Nov stood at Rs 3.28 lakh crore against budgeted estimate of Rs 5.26 crore.
Optimism abounds among industry players on Industry 4.0
Indonesia has already been in the Industry 3.0 stage where industries have adopted automation especially for tasks that are considered to be dangerous for humans.
The best and worst regional housing markets
CoreLogic names the best and worst performing regions in the country.
Anambra Business and Investment Roundtable seeks to shape the future
The 3rd edition of the Anambra Business and Investiment Rountable (ABR) took place on November 25, 2019; the theme was “Beyond Infrastructure
5 Cryptocurrency Trading Tips (By a Trader)
The difference between an unprofitable or slightly profitable trader, and a wildly profitable cryptocurrency trader, are often just a few tiny tweaks to the trader’s mentality and strategy.
Western Gateway residents fear developer holding up Swallow roundabout upgrade
Fed-up residents living in the Western Gateway are demanding a leading property developer fulfills its pledge to upgrade the Swallow Roundabout.
Abyssinia Bank makes one billion birr profit
Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the financial year concluded June 30, 2019.
Nissan likely to be fined $22 million by Japan's markets watchdog
Japan's markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday. Nissan's former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring pe
GBP/USD: A close above 1.3187 is pivotal – Commerzbank
In the view of Karen Jones, an analyst at Commerzbank, the GBP/USD pair is looking northwards on the UK election, with the bias to be confirmed on a c
India: Analysing the fiscal impact of income tax cuts – Standard Chartered Bank
Economist at Standard Chartered Bank offered their take on the fiscal impact of an expected personal income tax cut – aimed at boosting consumption de
AUD/USD slides to 0.6820 horizontal support
The AUD/USD pair refreshed daily lows during the early European session on Monday and is currently placed near the 0.6820 horizontal support. The pair
USD/CAD consolidates in a range, around mid-1.3200s
The USD/CAD pair extended its sideways consolidative price action through the early European session on Monday and remained confined in a narrow tradi
Beijing orders removal of foreign computer equipment from government offices
Measure aims to reduce China’s reliance on foreign technology and counter US tech restrictions.Government offices and public institutions in China have been ordered to replace foreign computers and software within three years, Financial Times reported on Monday (Dec. 9).
FMBN has low capital base – MD
The FMBN does not have a strong capital base and this is affecting the availability of low-cost housing in Nigeria.
Record outcome for Edinburgh legal firm Anderson Strathern
Mid-tier legal firm Anderson Strathern has booked record full-year results as it continues to secure high-profile work.
Banks must stick to their core functions
Diversification into long-term financing, insurance, mutual funds and share broking have affected their performance
Keysight Reports A Strong Quarter
Keysight Technologies reported a fiscal fourth quarter that beat analyst expectations.Fiscal 2019 saw adjusted operating income more than double from 2018.The valuation is attractive as the company's
Tesco shares soar as investors salivate over potential sale of Asian division
Analysts believe the sale of the Thailand and Malaysia division could bank Tesco up to £7.2bn.
Asian markets subdued ahead of key US-China tariff deadline
Asian stocks edged up on Monday following surprisingly strong US jobs data, but gains were subdued amid concerns over the [...]
Lender Amigo's chief executive quits after less than five months in charge
The chief executive of high interest rate lender Amigo, Hamish Paton, has resigned this morning after less than five months in the job.
Tesco leads FTSE 100 risers as it weighs up Asia sale
Shares in Tesco rose more than five per cent in early trading as investors welcomed reports that the company is exploring a sale of its Asian businesses.
German exports rise in October, defying expectations
BERLIN (AP) - German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline.
Altron acquires identity security firm Ubusha for R360m
Once integrated, Ubusha will merge with Altron’s existing Cybertech to form Altron Security Solutions.
Top CEOs call out CompCom over #DataMustFall
Telkom’s Sipho Maseko and Johan van Zyl of African Rainbow Capital argue that the competition watchdog’s decisions on data prices will do more harm than good.
Pound-Australian Dollar Forecast: Fresh Three-Year Highs Ahead says Analyst
The Pound-to-Australian Dollar exchange rate trades at a new three-year high on Monday, December 03. amidst an ongoing lift in the broader Sterling complex
Gary Kirsten open to helping South Africa and add value
Cricket News: With Cricket South Africa (CSA) looking down the barrel, former opener and coach Gary Kirsten could return to help the team in a mentor's role for the
Will States relax the rules on busking?
STREET entertainers will be allowed to use amplifiers while performing if proposals to relax Jersey’s busking laws are approved by the States this week.
John McDonnell promises February budget to end austerity
In the first 100 days of a Labour government, the process of bringing water and energy into public ownership will begin.
HSBC shakes up senior management after 'unacceptable' third quarter
HSBC has replaced its investment banking boss and group chief operating officer in a raft of changes due to take effect in 2020.
Phones 4U billionaire John Caudwell tells John McDonnell he may leave the UK if Labour wins the election
Billionaire Phones 4U founder John Caudwell told shadow chancellor John McDonnell today that he was considering leaving the country if the Labour Party wins Thursday’s General Election.
M&S shares jump after Goldman Sachs hikes rating
Shares in Marks & Spencer jumped this morning after investment bank Goldman Sachs hiked its stock rating following improvement in the retailer’s troubled clothing and home division.
Official: China hopes for US trade pact as tariff hike nears
BEIJING (AP) - A Chinese official says Beijing wants a prompt settlement of its trade war with Washington.
Pound-New Zealand Dollar Forecast: Fighting to Hold 2.0 Level
There is a distinct possibility that GBP/NZD does in fact go lower as foreign exchange markets engage in 'buy the rumour, sell the fact' behaviour on the election result.
LDP plans tax breaks to help spread 5G networks
The Liberal Democratic Party's tax panel is planning to give preferential tax treatment to mobile phone carriers and others to help spread fifth-generation
Traders want shops in temporary bus stand
They also demand new bus stand under Smart City programme
Hungary’s Central Bank Issues Warning stating that Traditional Lenders Might Be Forced Out of Market Due to Competitive Fintech Firms
Some of Hungary’s financial institutions might be forced to exit the market as they may not be adequately prepared to continue to compete with challengers fro
Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over?
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally
John McDonnell promises February budget to end austerity
In the first 100 days of a Labour government, the process of bringing water and energy into public ownership will begin.
Can Buy Now Pay Later Solutions Cut Through The Holiday Noise?
U.S. consumers are expected to spend roughly $149 billion online this holiday season — but many are still paying off credit card bills from last year's splurge. Getting consumers to spend, without making them feel overextended, may require new methods. In the inaugural Buy Now, Pay Later (BNPL) Tracker, Nick Kaplan, president of fashion brand Fashion To Figure, explains how BNPL solutions are becoming key to giving consumers financial flexibility and merchants more sales.
Rate cap: Who between governor and banks will blink first?
Njoroge has a tough task of ensuring that in post rate capping regime, Wanjiku is protected from ravenous lenders
Menton: Government and FIFA intervention needed for FAI
Former FAI treasurer and general secretary Brendan Menton believes intervention from the government, FIFA and further support from UEFA is necessary to keep the FAI a going concern.
WATCH: Year of Return: The African Americans moving to Ghana
1619 marks the year of the first documented arrival of enslaved Africans in what’s today the United States of America. The West African country of Ghana – which was a major hub during the transatlantic slave trade - declared 2019 the year of return and is encouraging the African diaspora to visit the country. According to the country’s tourism board from January to June this year, there was a 20 per cent increase in the number of Americans visiting the country and an 11 per cent increase in visitors from the UK. But some young African Americans have decided to return for good....
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them
Most Americans don’t seem to care that much about the stock market’s performance.
MamaMancini's Holdings, Inc.'s (MMMB) CEO Carl Wolf on Q3 2020 Results - Earnings Call Transcript
MamaMancini's Holdings, Inc. (OTCQB:MMMB) Q3 2020 Results Earnings Conference Call December 09, 2019, 08:30 AM ET Company Participants Greg Falesnik - IR, MZ North America Carl Wolf - Chairman, Chief
Falling Rail Traffic Makes Union Pacific A Sell
UNP warned Q4 rail traffic could fall by double digits. Revenue could decline slightly less.UNP expects its 2020 operating ratio to remain below 60%, which is stellar.Cost cutting may not fully protec
Daily Insider Ratings Round Up 12/6/19
Tables of the top insider purchases and sales filed with the SEC on 12/6/19, based on dollar value.Dollar values often do not equate with significance when it comes to insider trades.Proprietary Insid
Freeland heads to Mexico in effort to finalize new NAFTA revisions
Deputy Prime Minister Chrystia Freeland is to meet American and Mexican officials in Mexico City on Tuesday amid reports a deal to revise the new North American free-trade agreement is close to completion.
Mortgage switching startup Dashly names first direct founder Harris chairman
Fintech pioneer and first direct founder Mike Harris has come out of retirement to take on the role of chairman at mortgage switching tool Dashly.
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Investing Insider is your one-stop shop for high-profile investor interviews, trade recommendations, and actionable analysis.
Nike Is Pulling Its Products From Amazon
Nike is overhauling its retail strategy and ending the pilot program with Amazon, which brought its sneakers and apparel to the world's most viewed storefront.
Dutch reduce terror threat level for first time since 2013
The Dutch national anti-terrorism agency (NCTV) reduced on Monday the threat of a terror attack in the Netherlands for the first time since 2013, Reuters writes. "We still see jihadist attacks in the West every now and then", the NCTV said. "But the situa...
Opec production cuts compliance could push oil price to $70
The combination of strong production cut compliance from Opec and its allies and a US-China trade deal could push the price of Brent crude to $70 in 2020.
Jaguar Land Rover sales fall despite hopes for Chinese recovery
Jaguar Land Rover sales fell last month, despite the car maker seeing “green shoots” of a recovery in the all-important struggling Chinese market.
Fines levied by the FCA rocket more than 500 per cent
The value of fines issued by City watchdog the Financial Conduct Authority (FCA) this year has soared to £391.8m. Research [...]
Siptu and Unite members in Virgin Media vote to take industrial action
Virgin Media said it has not received any notification from the unions.
School secretaries to hold national one-day strike and escalate their industrial action
The one-day strike in January will be followed by a work-to-rule from the secretaries, trade union Fórsa said.
With embattled airline, South Africa moves to save rail company
Years of corruption and mismanagement have put several state owned enterprises in serious financial crisis including power utility Eskom, whose financial problems have left it struggling to keep the l
Liz Weston: How employers help workers save for rainy days
Everyone needs a rainy-day fund — your financial health depends on it. Your employer could help you build one.Many companies offer 401(k)s and other retirem
Aim is to boost private investment, says CEA
‘Corporate tax rate cut will help’
CGST collections miss target by 40% in Apr-Nov.
‘Registered 999 cases of GST evasion’
Walmart, Amazon to train MSMEs
E-com giants announce plans to help sector; brick-and-mortar traders peeved
Saudi Arabia favours stronger ties with India
‘Energy cooperation key to the strategic partnership between the two countries’
HC asks RBI to reply to Kochhar’s plea
Court hearing arguments on termination of services of ex-ICICI Bank MD & CEO
Equity flows in MFs dip sharply, assets rise to a record in Nov.
With stock indices rising, investors opt for profit booking; gold ETFs see inflows
FG to sign MoU on Ajaokuta Steel in January 2020 — Minister
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite has said that the Federal Government will sign a Memorandum of Understanding (MOU)...
Trump Has Urged the World Bank to Stop Lending Money to China
US President Donald Trump has called on the World Bank to stop lending money to China, BTA quoted Reuters as saying. This is his second strike on Beijing at a time when the two sides are continuing negotiations on a trade deal.
EUR/USD Technical Analysis: Flirting with daily tops, around 1.1075 region
The EUR/USD pair built on its intraday positive move and is currently placed near the top end of its daily trading range, around the 1.1075 region. Th
Man suffers cardiac arrest in queue to get subsidised onion
With the onion prices touching Rs 180 per kilo in retail market, people have been making a beeline to the Rythu Bazaars where the government is selling onions at a subsidised price of Rs 25 per kilo.
Telecommunications: The bright spot in a fragile economy
The positive momentum in Nigeria’s telecommunications sector continued into the month of October
Analysis: FCMB is running out of time
Despite some of the transformations currently being recorded in the bank, success and consistency seem to be eluding it.
Record Black Friday for Livingston Designer Outlet as sales hit highest levels in 19-year history
A West Lothian shopping centre has cheered a record-breaking Black Friday weekend following a multi-million-pound refurbishment and re-brand.
EU opens subsidies for electric battery push
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries.
There’s No Scare In NSO’s Consumption Data; It’s All About Falling Costs Of Food And Health Services
Falling costs of food and healthcare seem to have contributed to the fall in rural household expenditure.
Construction Of Surat Metro’s First Phase Set To Begin In June 2020, Expected To Be Ready By 2024
The centre had approved funds for the construction of the first phase for Surat Metro in February this year.
The Fed's liquidity problem hasn't yet gone away — and an abrupt shock may be looming in 2020, Business Insider - Business Insider Singapore
Business Insider - Even with hundreds of billions of dollars in new liquidity created out of thin air, it's too soon for the Fed to signal a clear coast for repo markets.. Read more at businessinsider.sg
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
SalamAir announces direct flight to Thailand
New route will operate three times a week
Airlines from three CPLP countries banned from Europe
Airlines from Angola, Sao Tome and Principe and Equatorial Guinea are on the 'black list' of 115 airlines banned from flying to the European Union (EU), released in Brussels on Monday.
Canopy Growth names veteran Constellation executive David Klein as new CEO
SMITH FALLS, Ont. — Canopy Growth Corp. has named a veteran Constellation Brands executive as its new chief executive.
Low business confidence, less Christmas cheer
Paul Goldsmith - Finance
Nigerian govt directs Accountant-General, MDAs to publish daily financial statements
The government will also publish monthly reports showing revenue receipts from all collecting agencies and payments out of the federation account.
10 things you need to know before the opening bell
Here is what you need to know.
Massif Capital - Diamond Offshore Drilling Inc.
Diamond has been a painful investment for our portfolio.We invested too early in the cycle for offshore equipment, and the trough of the cycle has been extended beyond our modeled scenarios.We will ai
Shopify: Beware Of Deceleration
Shopify is up 160% year-to-date, crushing the S&P 500's year-to-date performance.While the company continues to put up record revenue each quarter, there are signs that we're seeing even more material
Winds Might Be Changing For Vestas
The company has grown fast in a favorable market environment, having a 5-year CAGR if 8%.Despite the record-high order backlog in Q3/2019, the company identified the impact of tariffs and increased ex
EUR/CHF Could Find Upside In 2020
The euro has fallen against the Swiss franc over the majority of its life.However, the EUR/CHF interest rate differential remains in a positive position (on a central bank rate basis, the spread is po
The Phantom Metric: What Really Drives U.S. Equity Valuations?
Investors continue to question whether US equity valuations are too high, particularly for growth companies and versus other global markets.The risk premium is a good gauge of market sentiment.Valuati
The Asset Allocator: The UK's Lose-Lose Elections (Podcast)
The British pound hit a 31-month high against the euro last week, presumably because the Conservatives maintain a healthy lead over Labour in this week’s elections.It’s understandable why investors do
Silicon Labs Executing On Its IoT Opportunity, With Infrastructure Likely To Get Better In 2020
IoT continues to drive Silicon Labs' growth, and particularly its strong wireless portfolio, which saw better than 20% growth in the third quarter. Infrastructure is being held back by weakness in the
California fines CVS $3.6 million for failing to recycle
SACRAMENTO, Calif. — California is fining the nation’s largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of its locations, regulators said Monday. The California Department of Resources Recycling and Recovery, better known as CalRecycle, said its investigation found that 81 of CVS Pharmacy’s …
Regtech: Centenal, CustomerXP, Dathena, IDfy, Merkle Science are the Top 5 Asian Regulatory Tech Firms according to Regtech100
Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that
Tennant (NYSE:TNC) SVP Sells $40,004.36 in Stock
Tennant (NYSE:TNC) SVP David W. Huml sold 506 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $79.06, for a total value of $40,004.36. Following the completion of the transaction, the senior vice president now directly owns 12,879 shares in the […]
Go-Ahead Group plc (LON:GOG) Receives Average Rating of “Hold” from Analysts
Go-Ahead Group plc (LON:GOG) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 […]
Insider Selling: Five9 Inc (NASDAQ:FIVN) CMO Sells 3,007 Shares of Stock
Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 3,007 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $67.33, for a total transaction of $202,461.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC […]
Ukraine Set To Legalize Cryptocurrencies As Means Of Payment And Investment
Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has reportedly adopted an amended draft law that seeks to
AVALO-Energy: Friendly Use Of Renewable Energy And Blockchain Technology
Talks of climate and environmental change have been escalating throughout the past couple of years. Countries all around the world are taking measures to
As Onion Price Reaches Rs 200 Per kg, Centre Reduces Stock Limit For Retailers
For wholesalers, the stock limit remains 25 MT, while for retailers, is has further been reduced to 2 MT from the earlier 5 MT.
'Sellers Set Their Price, We Don't Interfere,' Amazon India Retorts to Deep Discounting Accusation
The assertions come at a time when the Confederation of All India Traders (CAIT) has approached the government for its intervention regarding the "deep" discounts offered by e-commerce majors like Amazon and Flipkart during festival sales.
New Zealand is a far more multicultural place today – its mainstream media is not
Commercial media, a business that requires public trust and goodwill, is in a tough financial position right now. Gaurav Sharma says that's in part because of its poor job of reaching immigrant communities, in the first of a new monthly column for The Spinoff. Let's start with a test, about refer
Consumers Increasingly In The ‘Buy Now, Pay Later’ Mood
The rise of "buy now, pay later" shows the increased flexibility retailers are offering – and consumers are demanding – amid a changing commerce landscape.
Trucking giant Celadon files for bankruptcy after ex-officials charged with fraud
An Indiana trucking company with nearly 4,000 employees said Monday it filed for bankruptcy and will shut down all operations, just days after two former officials were charged in a fraud
Sports Illustrated owner Maven taps former publisher of New York magazine
New York magazine’s publisher Avi Zimak has been named to a top post at Maven, the tech and publishing company that is overseeing Sports Illustrated. Zimak, who also served as chief revenue officer
Workers to have legal right to tips paid by credit or debit cards, says Minister
Regina Doherty to expand scope of planned legislation governing payment of wages
Tougher financial accountability rules come into force in UK
Asset managers, independent financial advisers and hedge fund managers are lable for bans or nines
T-Mobile, Sprint head to court to defend merger
Attorneys general from more than a dozen states are flexing their legal muscles in a landmark trial that could block T-Mobile's $26 billion merger with Sprint.
Bad news for Trump — 60% of Americans say the surging stock market doesn’t affect them
Most Americans don’t seem to care that much about the stock market’s performance.
A Nobel Prize winner dispels myths about retirement, real-estate investing tips, and advice for family-estate planning
Dear Readers,
Stocks, gold gain as trade war spurs both hopes, concerns
NEW YORK (Reuters) - Global equity markets advanced on Monday as stocks on Wall Street held near record highs on hopes U.S.-Sino talks delay a U.S. tariff deadline this coming Sunday, while gold rose as investors hedged against a possible escalation in the trade war.
Jumia Technologies to suspend Jumia Foods delivery service in Rwanda
NAIROBI (Reuters) - Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9.
U.S.-Israel tech firm WalkMe raises $90 million
JERUSALEM (Reuters) - U.S.-Israeli tech firm WalkMe said on Monday it raised $90 million in a funding round led by investment group Vitruvian Partners.
The Great Recycling Con
The greatest trick corporations ever played was making us think we could recycle their products.
Govt mulls allowing employees to reduce PF contribution
The proposal will face stiff opposition from trade unions, which had earlier expressed strong reservations about the move saying this would defeat the purpose of the social security scheme run by the Employees Provident Fund Organisation (EPFO).
3 Healthcare Stocks to Buy and Never Sell
A holding period of forever sounds perfect for these top-tier businesses.
Cisco Stock May Be a Great Value Name
Cisco stock offers many compelling features. CSCO stock is one or two pieces away from being great for growth and income investors.
After Earnings, Watch for Workday Stock to Strike $168.50
Workday stock lean bearish on the charts. Its valuation is a little rich, particularly amid this earnings report. What's up with WDAY stock?
Here’s How the US-China Trade War is Helping JD.com Stock Bulls, Bears
Don’t attempt to trade volatile and varied headlines, invest your trust in a powerful trade war pattern setting up on the price chart of JD.com.
Commission approves pan-EU battery project
The plan aims to invest more than €8 billion in battery projects across Europe over the coming decade.
Intel CEO Blames Company's Obsessive Focus on Capturing 90% CPU Market Share For Missing Out on Other Opportunities
Intel chief executive Bob Swan says he's willing to let go the company's traditional dominance of the market for CPUs in order to meet the rising demand for newer, more specialized silicon chips for applications such as AI and autonomous cars. From a report: Intel's Bob Swan blames being focused on ...
Sensex rises 42 points; bank, auto stocks shine
Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06 per cent, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel. On the other hand, TCS, HCL Tech, L&T, IndusInd Bank, Tech Mahindra, SBI and ITC lost up to 2.93 per cent.
Call for import duty of fishing equipment to be abolished
KUALA LUMPUR, Dec 9 — A Dewan Negara member today proposed the that the import duty on fishing equipment, such as net, fishing line and engines, to be abolished to help ease the burden of traditional fishermen. Senator Datuk Razali Idris said the price of most fishing equipment has increased by...
Stronger US dollar curbs demand for ringgit
KUALA LUMPUR, Dec 9 — The ringgit closed lower against the US dollar today as the positive sentiment for the greenback curbed interest for local currency. As at 6pm, the local note was quoted at 4.1590/1630 against the US dollar compared with Friday’s close of 4.1580/1610. A dealer said the...
Gas Malaysia: Average natural gas selling price to fall for Jan 1-Dec 31, 2020
KUALA LUMPUR, Dec 9 — The average natural gas selling price applicable for Gas Malaysia Energy and Services Sdn Bhd from January 1 to December 31, 2020 will be set at RM33.65/MMBtu, lower by 2.91 per cent or RM1.01/MMBtu, compared to the current price for the distribution segment. The selling...
Cryptocurrency Exchange OKEx to Launch Options Trading This Month
Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.
Oracle Co. (NYSE:ORCL) Receives $57.42 Average Target Price from Analysts
Oracle Co. (NYSE:ORCL) has earned an average recommendation of “Hold” from the thirty ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among […]
Insider Selling: Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Sells 10,000 Shares of Stock
Consolidated Water Co. Ltd. (NASDAQ:CWCO) Director Raymond Whittaker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the transaction, the director now owns 16,065 shares in the company, valued at $265,393.80. The transaction […]
BIO-TECHNE Corp (NASDAQ:TECH) Director Sells $435,700.00 in Stock
BIO-TECHNE Corp (NASDAQ:TECH) Director Harold J. Wiens sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $217.85, for a total value of $435,700.00. Following the transaction, the director now owns 7,221 shares in the company, valued at $1,573,094.85. The transaction was […]
Varonis Systems Inc (NASDAQ:VRNS) Given Average Recommendation of “Buy” by Brokerages
Varonis Systems Inc (NASDAQ:VRNS) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that […]
Analysts Expect Icon Plc (NASDAQ:ICLR) Will Announce Earnings of $1.83 Per Share
Brokerages predict that Icon Plc (NASDAQ:ICLR) will report earnings of $1.83 per share for the current quarter, according to Zacks. Six analysts have made estimates for Icon’s earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.81. Icon posted earnings of $1.62 per share during the same […]
Eddie Cross: It cannot be Business as Usual in 2020
By Eddie Cross If there is one thing our leadership has to understand as we approach Christmas this year, it is that in 2020, we cannot continue to do things the way they have been done in the past decade. We go out of 2019 with so many areas of failure in terms of policy and activity that it is difficult to pick them out and deal with them one by one. So this weekly letter is going to cover my personal wish list for my country in 2020.
Business leaders in their own words on policy
Australian business leaders reveal what they want from government - and the big opportunity Australia missed in the past decade.
Medupi is a fitting symbol of the importance of our SOEs – Ramaphosa
The problems with the construction of Medupi and Kusile power stations account for much of the financial crisis at Eskom, says President Cyril Ramaphosa, but they are a fitting symbol of the importance of the country’s state-owned enterprises.
Edinburgh-based Cyan Forensics, the crime-busting startup, raises €1.5 million to target new markets
Cyan Forensics, the Edinburgh-based startup whose technology helps police investigators to find evidence faster, has secured a further €1.5 million from a consortium of investors.
Zurich-based Sonect, the app converting any shop into a ‘virtual ATM’, snaps up €7.7 million
Zurich-based Sonect has snapped up €7.7 million in Series A funding, which will go towards expansion into new markets, growing its team and strengthening its technology.
Govt limits stock holding for onion retailers to 2 tonnes to curb hoarding
Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Tariff hikes likely to double telcos operating profit in FY21: Report
The Supreme Court order on the AGR puts a burden of Rs 1.47 lakh crore on the industry that has been bleeding for years and sitting on a debt pile of close to Rs 4 lakh crore
PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively
Paytm Payments Bank says it issued 600,000 FASTags in November
PPB said it sold 6 lakh tags in the month of November, and claimed that it has equipped over 1.85 million vehicles with FASTags
Amazon, Flipkart planning to help SMEs go digital and grow their businesses
E-commerce giants adopt similar strategy to helps SMEs
Imran urges overseas Pakistanis to invest in Pak, says learn from Indians
He lamented that Pakistani people were unaware of the dire consequences corruption could have on their lives
iDreamSky in talks to buy Leyou
Mobile publisher would get controlling interest in fellow Chinese outfit with stakes in Digital Extremes, Splash Damage, SNK Playmore
BigTech Cryptocurrencies Pose Risk to Global Financial Stability: FSB
The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto
Bitcoin Road to $100K: Peter Brandt Explains the When and How
Bitcoin is heading towards the $100,000 mark, according to veteran commodity trader Peter Brandt, who shared his analysis in a new video clip. However,
Pace of housing starts edges up in November on strength in B.C., Alberta
Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Parliament approves ship recycling bill passed in RS today
Parliament on Monday approved a legislation to regulate recycling of ships with a view to make India an attractive ship breaking destination to create employment while at the same time ensuring it does not become a dumping ground of the world. The Recycling of Ships Bill, 2019 was passed in Rajya Sabha by a voice vote
'EV charging biz to grow at 50 by 2022 in India'
Power and energy management firm Delta Electronics expects its electric vehicle charging business in India to grow around 50 per cent per annum in the next three years with more car makers bringing their EVs into the country, according to a senior company official. The company, which has
10 Tax Moves to Make Before 2020
Time is running out to get yourself set up for success when tax filing season starts up early next year.
World's 'largest collection' of rare whiskies on sale
Lovers of very expensive whisky will get the chance to bid on nearly 4,000 rare bottles acquired by a late U.S. soft drink bottling company executive.
Aphria Is Making the Right Moves to Survive Marijuana Slump
The outlook for cannabis stocks remains challenging. But if anyone can turn it around in 2020, it could well be Aphria.
Square Stock Has the Only ‘CEO Bro’ We Can Trust
Because of African demographics and economic realities, the opportunity for first-to-market dominance is too lucrative to pass up for Square stock.
Shopify Stock Will Continue to Amaze Investors in 2020
Shopify stock, which is up 165% this year, still has more upside opportunities like the one from last week. The triggers are close.
Smartly Avoid General Electric Stock Dividend for Capital Appreciation
Reassuring news that General Electric was keeping its dividend should move GE stock higher. But, profit-taking is likely to occur first.
Will Lyft Stock Be Boosted by Lyft’s Spectacular Performance?
The performance of LYFT, at least relative to expectations, has been spectacular in recent quarters. But Lyft stock has struggled badly.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
Stay away from YES Bank till fund raising takes place: Gurmeet Chadha
There is news that YES Bank may deny Erwin Singh Braichs offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
EU approves state aid to develop car batteries industry
BRUSSELS (AP) - The European Union has approved 3.2 billion euros ($3.5 billion) in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
All Xinjiang de-radicalization trainees graduate, find jobs, lead happy life: official
Trainees who used to be influenced by extremism have all graduated from the vocational education and training centers in Xinjiang, a senior official with Northwest China's Xinjiang Uyghur Autonomous Region told reporters in Beijing on Monday.
Former Oracle Product Manager Claims He Was Forced Out For Refusing to Sell Vaporware
A former Oracle employee filed a lawsuit against the database giant on Tuesday claiming that he was forced out for refusing to lie about the functionality of the company's software. The civil complaint, filed on behalf of plaintiff Tayo Daramola in U.S. District Court in San Francisco, contends tha...
Tank: Chamber blasts Saskatoon budget despite business-friendly taxes
The business lobby group calls city hall's two-year budget 'disappointing' even though the city boasts a favourable commercial tax ratio.
The Fed’s liquidity problem hasn’t yet gone away — and an abrupt shock may be looming in 2020
Even with hundreds of billions of dollars in new liquidity created out of thin air, it’s too soon for the Fed to signal a clear coast for repo markets.
10 things you need to know before the opening bell
Here is what you need to know.
Hong Kong braces for wave of store closures after protests: HKRMA
HONG KONG (Reuters) - More than one in 10 retailers in Hong Kong could close down in the next six months as social unrest and sometimes violent protests deter tourists, threatening the survival of smaller operators, the city’s main retailing group said on Monday.
Jumia to Cease Operations in Rwanda, Shuts Down Jumia Travel in Nigeria
Jumia is continuing with its optimization moves where they'll cease operations in Rwanda and shut down Jumia Travel in Nigeria
OPEC reaches deal to cut oil production
The powerful Organization of the Petroleum Exporting Countries (OPEC) and its allies reached a deal Friday to cut production by 500,000 barrels per day in...
GRAINS-Soybeans at 2-week high as China tariff waivers add to trade hopes
* Soybeans up for 5th session on hopes of U.S.-China deal * China to exempt some U.S. soybeans, pork from tariffs * Wheat eases, corn little changed ahead of USDA data (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Dec 9 (Reuters) - Chicago soybean futures rose for a fifth straight session on Monday to their highest in almost two weeks, after China's announcement last week about tariff waivers for U.S. soybean and pork encouraged hopes of a trade agreement.
3 Big Things Today, December 9, 2019
Soybeans were higher in overnight trading on U.S.-China trade optimism.
Opel CEO says brand has ‘reinvented’ itself and returned to profit...
Opel’s CEO says the German firm has “reinvented” itself under the PSA Group and is on track to achieve its target profit margin years ahead of schedule.
Leading Saudi banks to maintain strong profitability – Moody’s
Riyadh – Mubasher: The three largest banks in Saudi Arabia, namely: National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), are expected to maintain strong profitability and efficient cost structures, according to a report by …
Sanofi to acquire US biotech firm Sythorx $2.5bn
Mubasher: Sanofi on Monday said it will take over US biotechnology company Synthorx in a cash deal that valued the latter at $2.5 billion.
Israel Shares Its Connectivity Routes Allowing India to Bypass Strait of Hormuz
New Delhi (Sputnik): India has been taking steps to ensure the uninterrupted supply of energy including the deployment of its sailors and warships in the Strait of Hormuz. The situation arises against the backdrop of attacks on oil tankers amid tensions between Iran and the US.
About 200,000 Pakistani pilgrims to perform Hajj 2020: Minister
ISLAMABAD, Pakistan: The Minister for Religious Affairs and Interfaith Harmony Noor-ul-Haq Qadri has said that about 200,000 pilgrims will perform Hajj in 2020 under the Government as well as Private Hajj Scheme. However, the exact number of pilgrims who will perform Hajj in 2020 will be known after the signing of an agreement by him with his Saudi Counterpart, which is expected in the first week of December 2019. In a written reply to a question submitted in the National Assembly on December 9, 2019, the religious affairs minister told that the detail of per head expenditure for Hajj 2020 is based on the rates of accommodation charges. The minister told that compulsory Hajj dues, additional service charges and train charges etc. to be provided by the Director General (DG) Hajj, Jeddah and airfare to be decided with the airlines. Noor-ul-Haq Qadri further told that the survey of the buildings is underway and agreements with the different departments of the Kingdom of Saudi Arabia are also under process. Therefore…
JazzCash monthly active subscribers cross 7 million
ISLAMABAD, Pakistan: Emerging as the market leader for the third consecutive year, JazzCash has proudly announced an active base that now stands at over seven million users. JazzCash is fast becoming the most popular and trusted digital financial services brand in Pakistan. Transaction values have also increased by 42% compared to the previous year and have crossed the PKR 1 trillion mark; customers carried out 0.5 billion transactions through the service. On this occasion Jazz CEO Aamir Ibrahim said, “JazzCash offers its users diversified financial services aimed at meeting their evolving financial needs. The traction we have gained in terms of the number of active users, the value and the volume of transactions is evidence that we have both made headway in terms of enhancing financial inclusion and also gained customer trust.” JazzCash is on a mission to provide every Pakistani access to a range of financial services through secure and accessible channels with an easy to use USSD menu, user-friendly mobile…
Slowdown blues to limit rise in job creation at 7% in October-March: report
Positive hiring outlook was reported in sectors like healthcare & pharmaceuticals, information technology, e-commerce and tech start-ups, educational services, KPO, power and energy, and logistics
SunTrust, BB&T banks complete merger, creating Truist
The merger between Atlanta-based SunTrust and Winston-Salem, N.C.-based BB&T has been completed, creating the nation’s sixth-largest bank, serving about 10 million consumer households,...
Gatchalian urges DTI, DA to closely monitor prices of basic goods
Senator Sherwin Gatchalian has urged the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) to closely monitor the prices of basic goods and commodities this month as Filipinos celebrate the Yuletide season.
Sensex rises 42 points; bank, auto stocks shine
The 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10 per cent at 40,487.43.
Storytelling platform Wattpad to open office in Halifax in the new year
Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Decision on six bus companies in Dhaka by March, says Mayor Khokon
Dhaka South Mayor Sayeed Khokon says a decision could be made by March to bring the buses operating in Dhaka under six companies as part of an effort to discipline public transports.
Fishshack owner to sell restaurants in rescue deal
Financial woes forced chain to seek court protection from creditors in August
Months after hype, Mahathir says Malaysia shouldn’t have called its big drone a ‘flying car’
Malaysia should not have called its latest drone project a flying car, Prime Minister Mahathir Mohamad admitted on Sunday (Dec 8).
Flying cars could lure investors away from ground-based services: survey
(Reuters) - Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday.
Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims
(Reuters) - PG&E Corp said www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California's modern history.
A2 Milk chief executive resigns
More than a billion dollars has wiped off the value of New Zealand's biggest company this morning following the surprise resignation of A2 Milk's chief executive. In a market announcement, Jayne Hrdlicka said she had not anticipated the amount of travel involved when she took up the role 18 months ago. Jayne Hrdlicka would be replaced by the former chief executive Geoff Babidge, while the company began a global search for her replacement. The company, which is dual listed in New Zealand and Australia, opened sharply lower at the open this morning, wiping more than a billion dollars off its market value. The shares were trading about $14.30 in the first 15 minutes of trading, from $15.17 on Friday, with a market value of $10.52 billion, compared with $11.63b on Friday.
Two Turkish firms in world's top arms makers see their turnover surge in 2018
Arms sales of two Turkish firms listed in the sector’s largest 100 companies increased in 2018 as they managed to maintain their rankings in the list, a...
Brazil cattle passing through feedlots grows 2% - DSM
SAO PAULO, Dec 9 (Reuters) - The number cows slaughtered in Brazil after spending 90 days in feedlots is estimated to have grown by 2% to about 5.3 million head in 2019, a survey of Brazil's cattle market by Dutch nutrition company DSM showed on Monday.The number will continue to grow as Brazilian ranchers seek more efficient ways to raise and finish livestock, DSM executives said at a media presentation, adding that an estimate for 2020 will be released in February.(Reporting by Ana Mano)
Challenges Faced by Running Mining Operations and How to Mitigate Against it
Whenever bitcoin mining is mentioned, it is normal for the mind to drift towards pickaxes, and getting oneself messed up with dirt while striking it big. Such thoughts aren’t far fetched from the actual meaning of bitcoin mining.
France ready to take Trump’s tariff threat to WTO
RIYADH: Saudi Arabia’s Ministry of Finance has kicked off a tour for foreign investors in Riyadh today ahead of the 2020 Budget Forum on Dec. 10. Twenty two international investment companies from Taiwan, the US, the UK, Malaysia, Indonesia, Japan, Hong Kong, Germany and France have been invited to visit some of the Kingdom’s top non-oil based companies. The group includes a
China’s solar PV market grows despite US tariffs - GlobalData
The global solar PV market is expected to see a 13% growth in installations
Lebanese entrepreneurs think digitally if given space to grow – Arabnet Report
Mubasher: Lebanon’s entrepreneurial ecosystem flourished making the country among the major assets for digital innovation across the MENA region, following the implementation of Circular 331 of the Central Bank of Lebanon back in August 2014. …
EBRD invests $4m in Turkish bus-ticketing service firm oBilet
Mubasher: The European Bank for Reconstruction and Development announced an equity investment of $4 million in Turkish online bus-ticketing service provider oBilet.
Eurex Strengthens European Bond Market with New Product
Eurex will improve its offering by launching EUR-denominated fixed income ETF options starting today
Parker: CoolIT delivers Direct Liquid Cooling solutions to data centres
A Calgary high-tech company, which is providing Direct Liquid Cooling (DLC) to the world’s most demanding data centres, has recorded 100 new hires this year and is planning for more growth.Co…
Former Tipperary garda station sold at public auction
HUGE INTEREST IN NEW INN BUILDING
GBP positioning higher ahead of election – ING
According to CFTC data for the week between 27 Nov-3 Dec, speculative investors have trimmed some GBP shorts with latest polls keep cementing the pros
Russia: CBR prepping to cut another 50bps – TDS
Analysts at TD Securities are expecting the CBR to cut the Key Rate by another 50bps to 6.00% on Friday. Key Quotes “The consensus is less dovish and
USD/JPY drops to fresh five-day lows below 108.50
After losing its momentum ahead of the 110 handle at the start of the previous week, the USD/JPY pair reversed its course and closed with a weekly los
Fed unlikely to move policy this week – Deutsche Bank
Deutsche Bank analysts suggest that the US Fed is not expected to move policy by anyone this week and is likely to maintain status quo. Key Quotes “Th
USD/CAD Technical Analysis: Bulls gearing up for a move towards reclaiming 1.3300 handle
The USD/CAD pair extended its sideways consolidative price action through the mid-European session on Monday and remains confined in a narrow trading
There won’t be increased bus service during the SkyTrain shutdown tomorrow
Coast Mountain Bus Company has announced that it will not be increasing bus service in response to the planned SkyTrain strike by CUPE 7000.
Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors, Business Insider - Business Insider Singapore
Business Insider - The investment bank pointed to a host of reasons, even Modern Monetary Theory, as factors in its forecast.. Read more at businessinsider.sg
Online booking for ID cards now available in Portugal
A protocol signed Friday in Lisbon will allow the State Booking Centre to operate an online scheduling service via the ePortugal Portal, the Ministry of Justice (MJ) informed.
Daily Onion Price Tracker– December 9, 2019
Onion prices continued to rise in various parts of the country, with the minimum price of the commodity moving up to ₹45 a kilo on Monday from ₹43 on Saturday. In Rampurhat, West Bengal, prices of oni
Investors lay siege to SEBI office, demand Karvy-like action against BMA Wealth
On Monday, SEBI’s office came under siege as a crowd of 40-50 stock market investors blocked the main entrance of the regulator’s BKC office building. The commotion led to police being called to guard
Child poverty figures show much more needs to be done
The New Zealand Maori Council has called the latest childhood poverty statistics released by the Children’s Commissioner as appalling for a first world nation and has called upon the Government to do more. Matthew Tukaki, the Councils Executive Director has also indicated that a good per head of population proportion within the data shows that Maori and Pacific communities are most affected.
Markets surge on jobs, trade
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
'Buyer's Price' program to continue until June 2020
Programming offering subsidized homes for first-time buyers will continue through first half of 2020, Finance Ministry says.
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at...
For Growth Stocks, Profits Are The New Normal
Profitable companies outperform by a wide margin over time, even among high-growth companies, which often post losses early in their lifecycles.This year's equity market landscape is littered with hig
Gold Losing Its Luster
One reason for owning gold is it tends to serve as a safe haven asset and performs well in an environment where economic activity is slowing.On the other hand, investors might look to copper as an inv
Natural Gas - Something Needs To Happen Soon
The January contract displays an oversold condition.Stocks are slowly dropping.It is too early for carnage on the downside, but time is running out.The spring of 2020 could be ugly - an opportunity.U.
Airbus Logs $18B Mega Orders
Big orders from Emirates and Air Arabia announced at Dubai Airshow have been logged.Delivery profile not fully satisfactory.Airbus book-to-bill ratio approaches 1.
'Bull Markets Often End With A Euphoric Rally Called A 'blow-Off Top.' We May Have Just Had One'
The current flatfish top has zero resemblance to the 2000 market top.I think this secular bull market has further to run and will end on a note more similar to that of 2000.One thing I'm pretty sure o
Rupee firms up to five-month high against dollar; strengthens by 15 paisa today
Moody
Petrol price hits Rs 75 per litre-mark, diesel crosses Rs 66
India Business News: Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year & diesel price crossed Rs 66 a litre mark in the national capital
India to witness 7.12% rise in job creation in October-March: Report
India Business News: India is expected to witness a marginal 7% rise in job creation in the October-March period, as subdued economic conditions have dampened employment o
Global watchdogs urge ‘vigilant monitoring’ as big tech companies shift into financial services
Google and other big tech companies may have to share data on financial services customers with banks and fintech firms to prevent unfair competition.
Too much regulation on bitcoin and cryptocurrency could scare away future tech innovators
The FCA must strike a balance when it comes to protecting customers, regulating bitcoin and cryptocurrency, and not stifling tech innovation.
EU approves €3.2bn research fund for battery development
The European Commission has approved a €3.2bn (£2.7bn) state aid fund from seven European Union countries for research into battery technologies.
Mapping South Australia’s big mines and new projects
We profile South Australia's largest and most ambitious mining operations, from significant uranium projects to the world’s largest zircon mine.
General Motors pulls out of Russian car assembly business with Avtovaz deal
MOSCOW (Reuters) - Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (GM.N) from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.
Bitcoin, Ether, and XRP Weekly Market Update December 9, 2019
The total crypto market cap added $6.5 billion of value during the last seven days and now stands at $204.2 billion. The top 10 currencies are mostly in red for the same time frame with Bitcoin SV (BSV) and Litecoin (LTC) being the best performers with 7.6 and 4.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $7,505 while ether (ETH) stands around $150. Ripple’s XRP is trading at $0.228.
Unemployment high on list of Arab youth’s major concerns
DUBAI: The Arab world will face three major shifts in the next decade, adding fresh urgency to the task of tackling corruption and extremism across the region, the UAE’s minister of Cabinet affairs and the future said on Monday at the 12th Arab Strategy Forum (ASF) in Dubai. The three shifts will include a new economic reality, a revolution in information production, and an
ACWA Power establishes new business unit in KSA
Nejree, an online sneaker retailer in the GCC, has raised $4 million in pre-Series A funding led by Alkhaila Investment Company, and Teejan Technologies Company. The new capital is expected to further fuel the Saudi-based startup’s expansion into new markets and investment in technologies to enhance online customer experience. The fund will also help to increase inventory,
Swedbank rejigs management structure; Baltic banking head leaves
Mubasher: Swedbank announced on Monday that its chief risk officer will leave, in the framework of the Swedish lender’s plan to revamp its structure.
China orders govt offices to remove foreign equipment, software
In the latest salvo to the tech cold war, the Chinese government has ordered all government offices and public institutions to stop using any foreign computer and software equipment, the Financial Times reported, saying all such equipment will have to be removed within three years. The Chinese directive, which could hit companies such as HP, Dell and Microsoft, is the first from Beijing to set specific targets limiting China’s use of foreign technology.
OKEx to Launch Crypto Options Trading Later This Month
Crypto exchange OKEx on Monday announced its plan to launch a crypto options trading platform.
Professor: Why Should the World Bank Take Orders from the United States?
US President Donald Trump criticized the World Bank’s decision to lend more money to China and said it needs to stop giving it loans after the international financial institution approved a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
Cashel allocated funding through new €15.5m Fáilte Ireland Destination Towns Scheme
In Cashel the funding will help create an extension to the existing Main Street Plaza
Market watch: Index ends in red amid lack of triggers
Benchmark index decreases 289.44 points to settle at 40,442.81
Biz EOD: GST filing streamlined; India imports 36,000 MT of onions; SBI cuts lending rates
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
Bombay HC seeks RBI's response on plea against Chanda Kochhar's termination as ICICI MD
A division bench of justices Ranjit More and SP Tavade directed the Reserve Bank of India to submit its reply by December 16. The bench will hear the matter next on December 18
Tata Motors' Jaguar Land Rover retail sales fall 3% in November
Jaguar Land Rover (JLR) posted fifth straight month of double-digit sales growth of 29 per cent in China. North America sales also grew by 4.9 per cent during the month under review, achieving best ever November sales levels
DBJ to on-lend $5 billion to MSMEs
The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr Nigel Clarke, at the launch of...
After toll plazas, govt push for FASTag at Hyderabad airport parking
It has given a major fillip to the Digital India initiative by converting cash toll payments to electronic and brought in an enhanced transparency in entire tolling ecosystem, the ministry said
BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering
Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC
Central GST collection falls short of budget estimate by 40% during Apr-Nov
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
Kochhar challenges RBI decision to terminate her; HC seeks bank's response
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
Under NDCP, TRAI seeks industry's views on unbundled licensing regime
The move came after the Telecom Department sought the regulator's recommendation on the issue
Equity flows see sharpest dip in 3.5 years, slip 78% in November
Flows were 78% low compared to Oct; lump sum investments hit
TTK Prestige to boost home solutions portfolio, eyes new verticals
While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board
SAIL reworks marketing strategy to draw high volume sales in November
Company clocks 36% YoY rise in volume sales to 1.40 million tonnes
IITs end first week of placements on a high note, beating last year's show
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
BMA Wealth investors stage protests, demand Karvy-like refund action
Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem
Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing
Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.
European Union permits state aid to develop electric battery giants
The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in the highly strategic sector of electric batteries. The move is part of a major push led by Germany and France to prepare Europe for the emergence of electric cars, as gas combustible engines are phased out over concerns for the environment.
China Tells Government Offices To Remove All Foreign Computer Equipment
China has ordered that all foreign computer equipment and software be removed from government offices and public institutions within three years, the Financial Times reports. hackingbear writes: The government directive is likely to be a blow to US multinational companies like HP, Dell and Microsof...
What’s driving capital market developments in South Africa and Namibia? - CityAM
South Africa - the second-largest economy in Africa after Nigeria - has considerably higher GDP than its sub-Saharan neighbours.
Indonesia’s export ban can boost nickel exports from the Philippines to China, says GlobalData
Nickel is mined from many sources around the world and is presently used for stainless steel, nonferrous alloys, electroplating, alloy...Read More...
Age of the rental: SOC as a service, IaaS, DaaS, HaaS
Challenging economic forecasts and complex local and global political outlooks has companies focused on sustainability, says Patrick Reeves, managing executive at Axiz.
Keeping up with industry changes the only way to manage connectivity expenditure
There are many connectivity options that businesses can invest in today, but cost remains a major concern for most, says Vishal Barapatre, CTO at In2IT Technologies.
IFA staging blockade outside Tesco distribution centre in Dublin
The latest blockade is part of the ongoing farmer campaign for an increase in beef prices.
40th GCC summit: The beginning of reconciliation?
Doha, Qatar - As leaders prepare to convene the 40th Gulf Cooperation Council (GCC) summit on Wednesday, a possible resolution to the blockade on Qatar that has lasted more than two years will dominate discussions, analysts say.
Traffic and transportation strategies for the 2020 Games
Innovative traffic and transportation management strategies are being developed to handle the surge in travelers and traffic during the games and the various trial events.
A less than satisfactory trade agreement
This trade deal, inadequate is it is, may be all that is possible during the first term of a Trump administration.
Perth pub closes doors after nearly 50 years
PUNTERS can take home a piece of a Perth pub which has closed its doors after nearly 50 years.
South Korea jails three Samsung Electronics executives over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud. Prosecutors began investigating the suspected fraud at Samsung Biologics
South Korea Financial Markets
Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another U.S. tariff hike
Ethereum Developers Are Creating a Revolutionary Open Financial System: Report
To combat failing fiscal policies, currency manipulation and a shadow banking system that continues to feed fee-grabbing financial intermediaries, Ethereum developers are building tools that reimagine how money flows and how financial services are provided.
It Looks Like a B-2 Bomber: Here Comes Russia's Okhotnik Stealth Drone
Take a look.
Subscription Services Top Santa’s 2020 Gift List
Recurly discusses the newer trend, reflected in Cyber Monday data, among consumers to give the gift of subscription services during the holiday season.
Payments Role In Innovating Appointment-Based Businesses
Boulevard discusses the unique needs of salons to elevate their one-to-one client relationships with technology that can also widen their margins.
The next booster shot to revive economy may not be far away
Going by what the indicators are showing so far, third quarter doesn't hold any hopes of revival.
At $1.6 trillion a day, EM FX trading outpaces major peers
Currency trading grew at a faster pace in emerging markets than developed nations.
VA Tech Wabag, Ion Exchange rally over 15% after NGT grim report on water pollution
Va Tech Wabag is a multinational player in the water treatment industry.
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
YES Bank likely to reject $1.2 billion offer from Canada’s Braich
The offer from Braich and SPGP made up 60 per cent of the planned capital raising.
'India took only five years to move from USD 2 to USD 3 trillion economy'
"It took us nearly 60 years after independence to achieve USD 1 trillion mark. It took 12 years to achieve our second trillion (dollar economy). And it has taken only five years, 2014 to 2019, to achieve the third trillion economy," Indian Ambassador to the US, Harsh Vardhan Shringla, said in his address to the Indian-American community.
The daily business briefing: December 9, 2019
Democrats and the White House reach a deal on parental leave, Frozen 2 dominates the box office for a third week, and more
Aluminium firms seek cut in input duties as production costs, imports swell
Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina
NSE asks investors to be careful in executing PoA with stock brokers
The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account
Tea Board considering new export cess to fund promotion and marketing
While the rate of the cess is yet to be finalised, sources say it could be around Rs 2 per kg of export
Task team established to fight congestion at Cape Town port | IOL News
Western Cape MEC for economic affairs David Maynier said he has established a task team to solve ongoing congestion in the Cape Town port.
Sharjah to host fringe festival next month
The huge event will run from January 16 until February 1, 2020
Hoping to reach trade agreement with US soon: China
Beijing hopes that it can reach a trade agreement with the United States that satisfies both sides as soon as possible, China's Assistant Commerce Minister Ren Hongbin said on Monday. Ren made the
SBI lowers MCLR based lending rates by 10 bps
Country's largest lender State Bank of India on Monday announced the reduction in its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all one-year products, effective
Ericsson pays $1bn to settle corruption probe
Networking giant reaches settelement following accusations of corruption by US authorities
5 Bold Predictions for the Stock Market in 2020
Some scenarios that could play out over the next year.
China reportedly bans foreign technology in its government and public offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
5 Reasons to Buy Aphria Stock Before Pot Stocks Start Moving Again
Aphria stock has taken a beating in recent months, but there are at least five reasons why Aphria shares could be headed higher soon.
What Should Investors Expect From Advanced Micro Devices Stock in 2020?
Advanced Micro Devices stock more than doubled in 2019, but will its momentum carry into 2020? Here are a few things to know about AMD stock.
3 Big Stock Charts for Monday: Hanesbrands, Canada Goose, and Ball Corporation
Monday's big stock charts, including GOOS stock, highlight three names looking for direction and hoping for help from the broad market.
Lack of Profitability Is a Significant Risk for Zillow Stock
A lack of profits has kept Zillow stock stuck in neutral for 3 years, and it looks like these profitability issues are here to stay.
We inherited N100b debts not N30b, says AbdulRazaq
Kwara State Governor AbdulRahman AbdulRazaq on Monday said that his administration inherited a sum of N100 billion debts from the former government of...
Explained: The WTO’s dispute settlements mechanism is all but dead. This is why India should worry
Trump sees the WTO -- which seeks to ensure equal treatment for all its members -- as standing in the way of "America First", tying its hands when it tries to protect American workers or seeks to effectively employ the advantages of being the world's most powerful economy.
Mutual Funds’ asset base hit all time high of Rs 27 lakh crore on inflow in debt schemes
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October.
Entrepreneur Development Ministry, MTDC collaborate to prepare SMEs for digital technology
BANGI, Dec 9 — The Ministry of Entrepreneur Development (MED) has forged a cooperation with Malaysian Technology Development Corporation (MTDC) to prepare the small and medium enterprise (SME) to shift to utilise digital technology in their business. MED Secretary-General Datuk Wan Suraya Wan Md...
Prosus hikes hostile bid for Just Eat
LONDON, Dec 9 — Prosus, Europe’s largest consumer-tech company, said today it has hiked its hostile takeover bid for Just Eat, in an attempt to derail the latter’s merger deal with peer Takeaway.com. Prosus announced in a statement that it has lifted its bid to £74 pence per share or about...
Atrium Mortgage Investment (TSE:AI) Hits New 1-Year High at $14.39
Atrium Mortgage Investment Corp (TSE:AI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$14.39 and last traded at C$14.33, with a volume of 30830 shares. The stock had previously closed at C$14.24. AI has been the topic of several recent analyst reports. TD Securities boosted […]
Zacks: Alamo Group, Inc. (NYSE:ALG) Given Average Recommendation of “Buy” by Analysts
Alamo Group, Inc. (NYSE:ALG) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Brokers have set a 1-year consensus target […]
Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $35.73
Huazhu Group Ltd (NASDAQ:HTHT) has earned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price […]
Big Hit Entertainment denies 'News Room's claim that BTS sought legal advice regarding profit dispute
BTS is reportedly seeking legal advice against their agency Big Hit Entertainment.According to the December 9 broadcast of JTBC's news program 'News R…
John McDonnell promises February budget to end austerity
In the first 100 days of a Labour government, the process of bringing water and energy into public ownership will begin.
U.S. Lobbyists Seek Brexit Deal That Raises Drug Prices, Shreds Consumer Safeguards
The Brexit deal may be a Trojan horse for U.S. corporate interests, from Silicon Valley and American pork to pharmaceuticals.
iDreamSky in Talks to Buy Gaming Company Leyou for $1.4 Billion
iDreamSky has entered negotiations for the takeover of Leyou Technologies and has reportedly submitted a $1.4 billion bid.
TM elevates OYO Hotels and Homes experience with Unifi
OYO Malaysia and Telekom Malaysia have jointly announced a commercial and marketing arrangement that will benefit local and foreign travellers. With this partnership, OYO Hotels and Homes guests can stay connected in Malaysia with seamless broadband and entertainment experience powered by Unifi.
Loans worth over ₹10 lakh sanctioned under MUDRA Yojana
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises.
Why Europe will choose the US over China
America’s allies are belatedly heeding its warnings about the Chinese technology threat
The unappealing fate of the WTO’s Appellate Body
Unless there is a massive U-turn by the US, the institution will grind to a halt
HSBC reshuffles top team ahead of restructuring
Interim chief Noel Quinn plans big overhaul of group to slash costs in Europe and the US
What Charity Should You Give To?
Rewarding charities that scrimp is less strategic than it sounds.
Accuity To Power GoCardless’ Recurring Payments Expansion Into US
GoCardless entered into a collaboration with Accuity to launch a seamless way for businesses to collect payments in the U.S. via an ACH-based debit offering.
GM Enters $2.3B JV To Further Production Of Electric Vehicles
EV Partnership News: General Motors announced that it is partnering with LG Chem to mass-produce battery cells for future battery-electric vehicles.
UK CMA Decision Looms Over Amazon’s Quest For Deliveroo Stake
UK Antitrust News: The Competition and Markets Authority (CMA) will decide if Amazon's quest to acquire a stake in Deliveroo (and its user data) can move forward.
Made In Space Europe wins LSA contract to develop inexpensive robotic arm
Made In Space Europe and Luxembourg Space Agency won a European Space Agency contract to develop an inexpensive robotic arm for space applications.
Goldman raises oil forecast on Opec output cuts
The bank revised its Brent spot price forecast to $63 per barrel for 2020.
Go for quality in consumption stocks: Andrew Holland, Avendus Capital
The auto sector corrected in the past year and that is why we see value and prices rebounding in some cases
F&O: Market to see major selloff if Nifty slips below 11,888 mark
In monthly options, maximum Put open interest was at 12,000 followed by 11,500 levels.
Riyadh Gears up to Host 40th GCC Summit on Tuesday
Custodian of the Two Holy Mosques King Salman bin Abdulaziz will chair in Riyadh on Tuesday the 40th Gulf Cooperation Council (GCC) summit. Riyadh has previously hosted the GCC summit on eight occasions. GCC Secretary General Dr. Abdullatif Al-Zayani
Morocco’s Bank Profits Exceeded $1.1 Bn by End of September
The profits of eight main Moroccan banks reached $1.1 billion at the end of September, a 0.96 percent increase compared to the same period last year, while the total net banking income increased 6.6 percent to reach $5.62 billion, according to financ
Indo-Pacific connectivity needs support for good governance
Importantly, common governance rules and standards will address issues of sustainable financing and quality infrastructure, transparency in project preparation and accountability in project execution.
Oil firms roll back prices
EFFECTIVE at 6 a.m. today, major and independent oil firms will implement a price rollback of their petroleum products in slightly different amounts.
Meralco bills go up this month
ELECTRIC consumers will pay again higher electricity bills this December as the Manila Electric Company (Meralco) will implement a power rate increase.
Late payments: Firms wait twice as long for cash in 2019
The UK’s small and medium-sized businesses are being stretched by customers failing to pay them on time, according to a [...]
City regulator toughens up financial accountability rules after scandals
Tougher accountability rules have today been extended to cover around 47,000 firms as the financial watchdog seeks to clean up the City’s reputation.
Aspire Mining signs MoU on Ovoot coking coal project in Mongolia
Aspire Mining has signed a memorandum of understanding (MoU) with Sinosteel MECC to develop Mongolia’s Ovoot coking coal project.
Nedbank notches up 1.7m digitally active customers
The bank witnesses a 30% growth rate across its digital banking platforms, with over one million app downloads.
Pound Sterling hits Fresh 31-Month High vs. Euro on Survation Poll
The British Pound hit a fresh 31-month high against the Euro Monday after two polls showed gains for the Conservative Party
Hotels and restaurants in East of England 'at heightened risk of insolvency'
The East of England's agricultural sector is healthier than most other parts of the UK - but construction, hotel and restaurant businesses are at heightened risk, a report suggests.
Blockchain, A Four-Time Waltz: Bitcoin, Ethereum, Libra & the CBDCs – The Need for a New Balance
We have deliberately chosen to limit our presentation, for pedagogical reasons, to the four fundamental periods represented by the emergence of Bitcoin, Ethereu
Luno Planning To Add Ripple To Its List By Early 2020
Luno, the cryptocurrency exchange, seems to be making waves of late. Less than a month after it officially announced its comeback in Malaysia and plans to expand its cryptocurrency list, the company recently announced that
Subprime lender Amigo’s chief executive and chairman quit
Departures follow move by founder James Benamor to reassert control of the business
EU unveils €3bn research fund to develop batteries
Seven member states to invest in the project which is set to run until 2031
Elizabeth Warren Built the Consumer Financial Protection Bureau. It Became a Revolving Door.
When Sen. Elizabeth Warren (D-MA) began staffing up the Consumer Financial Protection Bureau in 2010 and 2011, she did something that appeared, at first blush, to be highly counterintuitive. Instead of limiting staff to those with extensive background in consumer activism and regulatory policy, she chose
Ramaphosa Pledges Tough Love for Ailing South African Firms
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterPresident Cyril Ramaphosa said he’s ready to make tough decisions about the future of South Africa’s struggling state-owned companies, after placing the national airline into bankruptcy protection last week.“Business
China's Plan for 6 Aircraft Carriers Just 'Sank'
China reportedly is slowing its plan to acquire two aircraft carriers for each of its regional fleets. Instead of speeding ahead with the development of a six-carrier fleet -- two each for the
State AGs To Fight T-Mobile-Sprint Merger In Federal Trial
Antitrust News: A group of state attorneys general are getting set to fight against the T-Mobile and Sprint merger in an unprecedented federal trial.
Goldman Plans To Launch Robo Adviser Next Year
Goldman Sachs is planning to launch digital wealth management services to clients with as little as $5,000 in 2020 in the form of a robo adviser.
Wa Iria party wants Helb loans waived
Mwangi urges Helb to stop charging interest on student loans.
A look inside Intare Arena in Kigali
The facility was built to spur Rwanda's meetings, incentives, conferencing, exhibitions (MICE) segment
Freeland heads to Mexico in effort to finalize new NAFTA revisions
OTTAWA — Deputy Prime Minister Chrystia Freeland is to meet American and Mexican officials in Mexico City on Tuesday amid reports a deal to revise the new North American free-trade agreement is close. . .
Slowdown only cyclical, India's growth potential not lost: Chief Economic Advisor
Subramanian said that there was, needless to say, a slowdown in the economy but it needs to be assessed whether it was structural or cyclical in nature. Indias GDP growth in Q1 of the current financial year, fell to a 6-year low of 5%, while Q2 slowed down further to 4.5%. The Reserve Bank of India has also lowered its GDP forecast for 2019-20 from 6.1% to 5%.
10 CLSA India employees may join Jefferies: ET NOW
CLSA analysts Mahesh Nandurkar and Ashish Agrawal are among those employees who are making the switch.
U.S. Dollar Czar: “No Need” for Fed Issuing Digital Dollar in Next 5 Years
In recent weeks, there has been growing talk among influential U.S. figures concerning the prospects of "digitizing" the dollar via blockchain technology.
TDP chief Chandrababu Naidu protests against onion price hike
This action by the police led to a verbal altercation between them and TDP leaders.
NTMA to borrow less next year as repayments in focus
Agency sold €15.4bn of long-term bonds this year, at the lower end of its full-year target
Boeing is promising 3 fixes to the faulty system behind the 737 Max crashes to let pilots stop it from forcing the plane into an unstoppable nosedive
MCAS, which was designed to automatically push the plane's nose down to stabilize it, was identified as a key factor in both 737 Max crashes.
How much do workers in Switzerland earn - and which jobs are the best paid?
Wages are high in Switzerland - which is just as well due to the sometimes prohibitive cost of living. But how much on average do Swiss people actually earn - and which jobs are the best paid?
Bloomberg Lists Top Cryptocurrencies of 2019: Bitcoin Comes in Second, With XRP And Stellar Lagging Behind
Bitcoin had a big 2019, with a 101% jump in price from $3,742 to $7,537 at time of publishing, according to CoinMarketCap. But despite its blockbuster performance, Bitcoin is not the number one crypto asset of the year, in terms of performance.
Tamil Nadu Couple Gets Bouquet Of Onion As Wedding Gift, Picture Goes Viral
In a picture that has now gone viral, a married couple can be seen holding the bouquet of onions while being surrounded by their friends.
SMBs’ Late Payments Pain Spreads Across Borders
Kenya, South Africa, Romania, the U.K. and Australia are all struggling with late invoice payments to small businesses, new data reveals.
Credit Unions Find Opportunity In Payments Disruption
CULedger discusses credit unions' opportunity in payments innovation by being "rail agnostic" and supporting digital identity, data exchange and value exchange.
How to empower small businesses in Pakistan
Marketing, payments and logistics are essential for small businesses to have sustainable exports
Buhari directs accountant-general, MDAs to make daily financial inflows public
Nigeria President Muhammadu Buhari on Monday directed ministries, departments and agencies of the government to publish daily treasury summary statements of financial inflows and outflows. President Buhari, represented by the Minister of State for Niger Delta, Tayo Alasoadura gave the directives at the official launch of the Financial Transparency Policy and Implementation Guidelines by the […]
Checks on goods needed to protect EU market - Coveney
Tánaiste and Minister for Foreign Affairs Simon Coveney has said that there will be a need for checks on goods moving from Britain into Northern Ireland in order to protect the EU Single Market.
Minet Wins Insurance Brokerage of the Year Award
NAIROBI, Kenya, Dec 9 - Insurance brokerage firm, Minet Kenya has been voted the Best Insurance Brokerage Company of the year for 2019 at this year’s Think Business Insurance awards. The firm was also awarded the
Oil bulls gearing up for a rally, but Trump may play spoilsport
Oil traders should remain cautious and not get too carried away by the Opec+ saga.
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
China to remove foreign tech from government offices amid US trade war
The policy — which reportedly affects both hardware and software — could strike a big blow to American tech companies such as Microsoft, HP and Dell.
Government nickel ore export ban to hit newly listed company
From its exports in 2018, Ifishdeco earned Rp 365 billion (US$26 million), more than double the Rp 140 billion pocketed from domestic sales.
Listed firm plans integrated property projects to weather bleak industry outlook
Bank Indonesia's policy to lower loan-to-value (LTV) ratios for mortgages by 5 percentage points, effective since Dec. 2, will likely improve the property sector.
China to replace all foreign hardware and software at government and public institutions by 2022
Among several developments in the US-China trade war has been the latter's push to make itself technologically independent of the US semiconductor industry. A major step in this direction is an order passed by the Chinese Communist Party, to push…
Gerard Detourbet, creator of the Renault Kwid and Duster, passes away
Gerard Detourbet was a mathematics professor who joined Renault in 1971 and helped bring to life most of firm's successful cars in emerging markets
Stocks slip as investors weigh outlook for US-China trade
Tokyo (AP) - Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute.
A2 Milk wanted a change agent but was rattled by Hrdlicka's speed
The sudden departure of a2 milk chief executive Jayne Hrdlicka has shocked investors but the discord between her and the board rendered the CEO continuing in the job impossible.
Beyond cricket and curry: India could be the next big thing
The India-Australia relationship has been a bit stuck - but it doesn't have to be that way.
You too could have your nest egg looked after by Goldman Sachs
Bank to offer wealth management services to individuals with as little as $5,000
Global weapons sales up; US leads market
The global arms industry continues to grow with total sales up 4.6% last year, according to data from the Stockholm International Peace Research Institute (SIPRI) released Monday.
Boeing is promising 3 fixes to the faulty autopilot behind the 737 Max crashes to let pilots stop it forcing the plane into an unstoppable nose-dive
Boeing is promising three fixes for the faulty autopilot system widely attributed as a cause of two deadly crashes by the 737 Max plane, CBS News reported Sunday.
A cancer-drug developer’s stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover
Cancer-drug developer ArQule spiked as much as 102% in early Monday trading after Merck said it would acquire the firm in a $2.7 billion takeover.
McDonald’s black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family
Many black McDonald’s franchisees say they consider the fast-food giant to be a sort of McFamily. They have “ketchup in their veins,” dreaming of passing locations of the fast-food chain down to the next generation.
National Bid from Ethio Telecom
Invitation to National Competitive Bid (NCB) for the procurement of UR Connector and UY2 connectorFloating Date: As of December 09,2019 RFQ.NO3681901 and 3681902Closing Date: January 9,2019
USD/CAD price analysis: Greenback trades sideways against Canadian dollar, near 1.3250 level
The loonie on the daily chart is consolidating last Friday’s surge. This Monday, the spot is trading quietly between the 100 and 200-day simple moving averages
NZD momentum finally reflected in positioning – ING
As per the CFTC data for the week between 27 Nov-3 Dec, the New Zealand dollar net speculative positions dropped by 13% of open interest, and is now a
USD/JPY Technical Analysis: Turns vulnerable below 50-DMA, ascending trend-line confluence support
The USD/JPY pair extended last week's pullback from six-month tops and remained depressed for the third consecutive session on Monday, also marking it
BoC to cut rates just once in 2020 – TDS
Analysts at TD Securities have changed their call and are now looking for the Bank of Canada to cut rates just once in April 2020. Key Quotes “While t
Wall Street starts new week on back foot
Wall Street's main indexes started the first day of the week in with modest losses as investors refrain from making large bets while waiting for fresh
Canada: Firm housing starts data for November – RBC
Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian housing starts were little changed at 201,000 in November with six-mon
WTI continues to erase OPEC-inspired gains, inches closer to $58
Crude oil prices gained traction on Friday after the OPEC and its allies (OPEC+) announced decision to deepen supply curbs by 500,000 barrels per day
US Agriculture Sec. Perdue: Do not believe tariffs will be implemented on December 15th
United States Agriculture Secretary Sonny Perdue crossed the wires in the last minutes saying that he does not believe the tariff hike will go into ef
World's 'largest collection' of rare whiskies on sale
Lovers of very expensive whisky will get the chance to bid on nearly 4,000 rare bottles acquired by a late US soft drink bottling company executive.
CBN: Unconventional monetary policies needed to grow and diversify the economy
The CBN has disclosed that the need to grow and diversify the country’s economy led to the adoption of its unconventional monetary policy.
Prestige Assurance appoints new Managing Director
Prestige Assurance Plc has appointed Sarberswar Sahoo as its new Managing Director following the expiration of Dr Balla Swamy’s tenure.
Debt profile: MAN raises concerns over Nigeria’s rising figures
Manufacturers in Nigeria have disclosed that President Buhari's request for more loan to fund the 2020 budget is a serious source of concern.
Arnab Goswami Vs Lutyens Media: India’s Largest News Media Association Elects Republic TV Chief As President
Republic TV’s editor-in-chief Arnab Goswami has been elected as the president of News Broadcasters Federation (NBF)‘s governing board, The Hindu has reported.
Lazada’s millennial-friendly credit card is finally in Singapore - and it's offering a year's free shipping, plus tons of points, Business Insider - Business Insider Singapore
Business Insider - It includes free shipping on RedMart and Lazada for a year.. Read more at businessinsider.sg
Months after hype, Mahathir says Malaysia shouldn't have called its big drone a 'flying car', Business Insider - Business Insider Singapore
Business Insider - "The mistake was in calling it a flying car. It is actually a big drone.". Read more at businessinsider.sg
Storytelling platform Wattpad to open office in Halifax in the new year
TORONTO — Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Rents up again as Government’s poor policies bite
Simon Bridges - Leader of the Opposition
FG Hopeful Of Securing $500M AFDB Fund For Technology Innovation
The federal government is optimistic of securing a $500 million AFDB fund for technology innovation in the country, Trade and Industry Minister, Richard Adebayo has said.
France's Sanofi to buy Synthorx for US$2.5 billion
France's Sanofi said on Monday it had agreed to buy Synthorx in a cash deal worth around US$2.5 billion as it seeks to beef up its ...
Bitcoin - Correction Soon To Be Over
Bitcoin has been stuck in a bear market since December 17th, 2017.Its weekly chart is oversold and probably close to a trendchange.Professional money has not yet fully positioned for a new rally.There
Yellow Cake Is A Lower Risk Investment In The Uranium Industry
Yellow Cake is trading at a discount to net asset value and the company has communicated it will rely on share buy-backs if the discount persists.The annual holding cost is expected to be relatively l
Orchid Island Capital: In A Coma
Orchid Island Capital (ORC) has paid $10.705 as total dividend per share since its IPO in 2013.The company reported a disappointing Q3 2019 and was hit by analyst downgrades.For now, it’s a risky risk
Elastic: Dramatically Lowered Valuation Justifies Billings Slowdown
Shares of search company Elastic have peeled back ~20% ever since reporting Q2 results.Most notably, investors hammered the company on its deceleration down to 45% y/y billings growth (on a constant c
A Great American Achievement
The new government statistics are out.September marked the first month that U.S. exports of crude oil, and petroleum products, surpassed imports since the government started recording the data in 1949
Starwood Property Trust: The Election Means Everything
Barry Sternlicht’s Starwood Property is a professionally managed company and a consistent dividend payer.Of late, the stock has been hit by news of its regional malls not doing well and the possibilit
Merger Arbitrage Mondays - Thoma Bravo's Acquisition Of Instructure Includes A Go-Shop Provision
Merger activity increased with five new deals announced.The acquisition of Audentes Therapeutics by Astellas Pharma.The acquisition of AK Steel Holding Corporation by Cleveland-Cliffs.
Christmas Comes Early With These 28 Upcoming Dividend Increases
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.28 increases for next week (up from 5 last week).An average increase of 5.77%, medi
Buy Ollie's Ahead Of The Q3 Report
Ollie's is due to report Q3 earnings next week.With shares languishing, I think they represent compelling value.The key risk for Q3 is margin performance, but I see a lot of bad news priced in already
The Saudi Aramco IPO Overvaluation Is Overblown
The Saudi Aramco IPO will surpass Alibaba's as the biggest in history.Analysts had made valuation estimates for the company that ranged from $1.1 trillion to $2.5 trillion.The company settled on a val
Paul Volcker, Former Federal Reserve Chairman, Dies At 92
He led the country's central banking system in the late 1970s and 1980s.
Learning the right lessons from the onion crisis
Political parties that slam central governments on high prices for consumers/low prices for farmers will do zilch about getting their state governments to implement these reforms.
Lebanon's exit path from economic woes
The government should aim at restoring confidence through economic sustainability and balanced growth.
3 Top Small-Cap Stocks to Buy Right Now
One way for investors to build wealth is to find great companies with growth potential while they're still small.
Shareholders advised to vote against Richard Baker-led offer for HBC
An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Pace of housing starts edges up in November on strength in B.C., Alberta
Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Canopy Growth shares get lift after Constellation executive named new CEO
Shares of Canopy Growth Corp. got a lift after the cannabis producer named a veteran Constellation Brands executive as its new chief executive.
Monday’s Vital Data: Bank of America, Apple and JPMorgan Chase
Options trading was buzzing in Bank of America, Apple and JPMorgan Chase stock. Here are the metrics that matter moving forward.
As the Founders Depart, There’s a Real Opportunity in Alphabet Stock
With the company's founders stepping back, CEO Sindar Pichai could have more freedom to unlock some of the underlying value in Alphabet stock.
Time to Remodel Your Portfolio With Home Depot Stock
Home Depot stock is finally finding some support after a sharp 10% drop. HD should begin to head higher over the coming weeks.
Strong Jobs Numbers Boost Bank of America
We want to take advantage of rising long-term interest rates with a put write on Bank of America (NYSE:BAC)
RM164m monsoon aid allocation to be distributed to rubber smallholders, tappers
KUALA LUMPUR, Dec 9 — An allocation of RM164 million will be distributed to 274,639 rubber smallholders comprising 255,997 business owners and 18,642 rubber tappers through the 2019 Monsoon Season Aid programme. According to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, aid of RM600 per...
WESG 2019-2020 Asia Pacific to be held in Malaysia on January 3-5
PETALING JAYA, Dec 9 — A total of 260 athletes from 58 countries will be converging in Malaysia for one of the world’s biggest e-Sports events, the World Electronic Sports Games (WESG) 2019-2020 Asia Pacific Final, which will be held from January 3-5 at the Sunway Pyramid Convention Centre...
SSM to offer big discounts on compounds
PUTRAJAYA, Dec 9 — The Companies Commission of Malaysia (SSM) will offer discounts up to 90 per cent for the settlement of compounds imposed on registered corporations from January 1 to April 30, next year. Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the...
Lithuanian Central Bank Announces Blockchain Collector Coin
The Bank of Lithuania announced that it will release its first digital, blockchain-based collector coin in the spring of next year.
Cytonn Ranks KCB As The Most Attractive Bank In Q3 of 2019
Cytonn Investments has ranked KCB Group as the most attractive bank in Kenya, in its Q3 2019 Banking Sector Report.The multi-investment company says that KCB's ranking is as a result of a strong f
Virgin Galactic leaps after Morgan Stanley says the company's stock can jump 203% over the next year
Virgin Galactic stock surged as much as 21% on Monday after Morgan Stanley initiated coverage on the company with a buy-equivalent rating The fi...
Buhari inaugurates treasury portal, says Nigerians can now monitor govt spending
The Federal Government has launched the Open Treasury Portal, with the hope of making public the daily treasury statement on how monies that come into government coffer are being spent. This was...
FAI, Shane Ross and Sport Ireland called to emergency meeting
Ex-president of FAI says association’s liabilities could be ‘close to €80 million’
FAI crisis: ex-president says liabilities could be ‘close to €80m’
Brendan Menton says all stakeholders need to work together to solve funding crisis
Ireland ranks as EU’s largest importer of planes
Figures show 53% of bloc’s plane imports last year went to Ireland
China reportedly bans foreign technology in government offices
China is reportedly planning to ban all government offices and public institutions from using foreign software and computers in a move that could dent sales by US tech companies and increase tensions at a crucial moment in the trade war.
Amid flurry of Saudi reforms, mocktails on order in execution square
RIYADH (Reuters) - For decades, criminals in Saudi Arabia were lined up after Friday prayers at a central Riyadh plaza and beheaded by sword in a gruesome public spectacle overseen by the religious police.
Swedbank revamps management after money laundering probe
STOCKHOLM (Reuters) - Swedbank (SWEDa.ST) said on Monday its chief risk officer was leaving as the Swedish bank’s new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.
Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement
RIYADH (Reuters) - Saudi Aramco will exercise its 15% greenshoe option in whole or part during the first 30 days of its trading period, its lead managers said.
EU regulators to review rules defining companies' market power
BRUSSELS (Reuters) - EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into account globalization and digitalization, Europe’s antitrust chief Margrethe Vestager said on Monday.
Housing market heating up
The housing market is heating up ahead of the holidays, with positive signs of growth, according to ASB's latest quarterly housing confidence survey. The results suggested house price inflation was picking up and the upturn was expected to last until the middle of next year. House price expectations rose for the second quarter in a row, with confidence back to average levels at 27 percent, although regional differences remained. Meanwhile, a net 13 percent of respondents said it was a good time to buy a house - the highest level in seven years. However, ASB chief economist Nick Tuffley said there was still a way to go before the market could be thought of as "hot".
Walmart apologizes for Christmas sweater with apparent drug reference
Walmart issued an apology for a Christmas sweater sold on its website that features an image of Santa Claus behind a table with white lines on it that appear to depict cocaine.
Asian shares rise after buying mood on Wall Street ends week
TOKYO — Asian shares were mostly higher Monday cheered by a buying mood on Wall Street that came at the end of last week.
European bank finances Turkish bus-ticketing app
The European Bank for Reconstruction and Development (EBRD) has provided $4 million in equity financing to Turkish online bus-ticketing service...
Central bank changes required reserve regulations
The Central Bank of the Republic of Turkey (CBRT) on Monday lowered the reference values it uses to determine required reserve ratios for banks, while...
Are We Heading Towards a Cashless Economy?
Asia, Canada, and parts of Europe are already on their way.
Here is why Jumia has closed shop in Rwanda – Techjaja
Starting from today, Jumia Rwanda will no longer be able to accept cash on delivery and can only process pre-paid orders.
Maruti Suzuki among top gainers on Sensex as output rises for the first time in 10 months
The car company produced a total of 1,41,834 units last month – 4.3% higher than the same month in 2018.
€80,000 funding approved for seven Mayo Social Enterprises
THE Minister for Rural and Community Development, has announced the allocation of €81,590 through his department’s Dormant Accounts Fund to support seven social enterprise projects in Mayo.
Ataa Educational profits down 5%
Riyadh – Mubasher: Ataa Educational Company reported a 5% year-on-year (YoY) decline in profits during the three-month period ending 31 October 2019. Net profits after Zakat and tax amounted to SAR 16.25 million between August and October 2019, …
Almarai to distribute SAR 0.85/shr
Riyadh – Mubasher: Almarai Company’s Board of Directors has recommended distributing cash dividends to shareholders for 2019 at SAR 0.85 per share, equivalent to 8.5% of the share’s par value. The dividends will have a total amount of SAR 850 …
Advanced Petrochemical proposes SAR 0.65/shr dividends
Riyadh – Mubasher: The board of Advanced Petrochemical Company has recommended the distribution of cash dividends to shareholders for the fourth quarter (Q4) of 2019 at SAR 0.65 per share, equivalent to 6.5% of the share’s par value. During a …
SIPCHEM plans 10% share purchase as treasury shares
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (SIPCHEM) has recommended purchasing up to 10% of the company’s ordinary shares. The purchased shares will be held by SIPCHEM as treasury shares through cash balances or …
HSBC COO to Step Down, Amid Senior Management Changes
There’s been a number of changes to the senior management team at HSBC, which have been made as part of the next phase of the bank’s strategy.
Indian Full Service Carrier Vistara Signs Codeshare Pact With German Aviation Major Lufthansa
New Delhi (Sputnik): The aviation sector in India contributes $72 billion to its Gross Domestic Product. The country has 464 airports, of which 125 are owned by the government. According to Indian Commerce Ministry statistics, Foreign Direct Investment in India’s aviation sector reached $1.8 billion between April 2000 and December 2018.
Hero Electric partners with Punjab government to develop electric infrastructure
Hero Electric has announced a Rs 700 crore investment in its facility in Ludhiana to make the state of Punjab an EV hub. Head here more details.
Revolt RV400 deliveries begin in Pune
Bookings for the RV400 began in June and the bikes will be delivered as per the booking sequence. Head here for the full story.
African governments struggle to turn around loss-making airlines
However, Ethiopian Airlines has bucked the trend.
Prosus increases its offer for Just Eat, with a new twist
The latest offer makes more sense and increases the chance of success.
YES Bank may reject $1.2 billion offer from Canadian investor
At a board meeting on Tuesday, YES Bank is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
All eyes on Lagarde’s ECB debut this week
Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to scrutinize every word for hints of the bank's future direction at a time of stuttering eurozone growth.
Turkey to establish logistics centers in African countries
Turkey is establishing logistics bases in African countries after seeing an exponential rise in trade in the last 16 years thanks to the country's Africa initiative
Chanda Kochhar Failed To Disclose Conflict Of Interest With Videocon, ICICI Tells Bombay HC; Court Asks RBI To File Reply
The Bombay High Court on Monday asked the Reserve Bank of India to file an affidavit-in-reply in former ICICI bank CEO and MD Chanda Kochhar's plea challenging ICICI's decision to terminate...
Dubai Airports prepares to cut single-use plastics
UAE – Mubasher: As the clock is ticking towards the self-imposed deadline to ban single-use plastics, Dubai International Airport (DXB) is actively laying the groundwork to eliminate plastic cutlery and drinking straws. In June 2019, Dubai …
OZY Media sees "exponential growth" from MENA in entertainment, media
Mubasher: The global media pioneering company, OZY Media, said it will increase its focus on the entertainment and media industry across the MENA region.
Forex Club Shutters FX Operations in Russia
Forex Club has stopped accepting services for Russian users in what has become a trend in 2019.
California fines CVS $3.6 million for failing to recycle
SACRAMENTO, Calif. (AP) — California is fining the nation's largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of...
CBS' Historic New York Headquarters to Be Sold
The office building, located at 51 West 52nd St. at the corner of Sixth Avenue, has served as CBS’ headquarters since it was completed in 1964.
Ericsson to pay $1 billion USD to settle corruption investigation
Ericsson has agreed to pay more than $1 billion USD (approximately $1.3 billion CAD) to resolve U.S. corruption probes.
Will the pound go up in value if Labour wins the general election?
We examine John McDonnell’s claim that Labour’s spending plans could boost sterling
Hero MotoCorp bikes set to get costlier by Rs 2,000 from January 1
Auto manufactures have increased prices owing to the transition cost for migrating to the BS-VI platform
Italy proposes new plan to rescue ArcelorMittal plant; 8,000 jobs at stake
Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk
Edible oil gets costlier due to kharif crop damage, global price rise
Floods in key producing regions resulted in major damage to standing kharif soybean crop
Boeing is promising 3 fixes to the faulty autopilot behind the 737 Max crashes to let pilots stop it forcing the plane into an unstoppable nose-dive, Business Insider - Business Insider Singapore
Business Insider - The faulty MCAS software, which was designed to push the plane's nose down to stabilize the jet, was a key factor in both 737 Max crashes.. Read more at businessinsider.sg
A cancer-drug developer's stock just surged more than 100% after Merck agreed to a multi-billion-dollar takeover, Business Insider - Business Insider Singapore
Business Insider - Merck offered $20 per share in the all-cash bid, more than double ArQule's Friday closing price. The deal is expected to close in early 2020.. Read more at businessinsider.sg
McDonald's black franchisees are fighting to earn as much as their white counterparts, as dozens leave the company they once considered family, Business Insider - Business Insider Singapore
Business Insider - Over the past decade, black franchisees have seen the disparities between them and the rest of McDonald's franchisees grow.. Read more at businessinsider.sg
ISS recommends shareholders vote against Baker-led offer for HBC
TORONTO — An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Exercise your way to a lower insurance premium
It’s just what your doctor prescribed — stay fit, reduce premium on your health policy
How a few common financial mistakes are costing small businesses
Stats and experts reveal that a few common mistakes in financial management are often proving to be heavy for small businesses all around. Some of the issues ar...
Jobs of the future are clustering in a handful of US cities: Study
A new analysis of where "innovation" jobs are being created in the United States paints a stark portrait of a divided economy where the industries ...
What To Remember From Ulta Beauty's Q3 Earnings
Ulta Beauty reported numbers that exceeded expectations and show that the growth deceleration is stabilizing.Ulta is outperforming its competitors significantly by improving customer satisfaction and
Gladstone Land: It's Economics 101
Farmland is the perfect asset class because the lower supply of arable land leads to higher profitability for the most fertile farm.In turn, that leads to steady appreciation of value and rental growt
Ulta Beauty: A Truly Beautiful Story For Investors
The company's financial performance was solid during the quarter, driven by new product management.Skincare and fragrance were particularly strong, in our view.With shares reacting well to the earning
Hormel: Great Dividend Grower, But Significantly Overpriced
HRL is a dividend aristocrat, with 50+ consecutive years of annual dividend increases.However, the company posted negative EPS growth in 2019 and analysts expect that trend to continue into 2020.HRL h
ADB, Pakistan sign $1.3 billion loan agreement
Federal Minister for Economic Affairs Hammad Azhar was present on the occasion.
BMO joins $6m FlexPay funding round
FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.
Payday lenders have embraced installment loans to evade regulations – but they may be even worse
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
Currency in circulation rises to Rs 21 lakh crore as on March 2019: Anurag Thakur
India Business News: Currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019, having dipped to a mere Rs 13 lakh crore at the end of fiscal 2016-
Artificial intelligence could wipe out 13,000 legal sector jobs
The adoption of new technologies such as artificial intelligence could lead to the UK legal sector shedding 13,000 jobs, according [...]
Wythenshawe finally has its own Screwfix...and it could mean great things for local charities
The new Sharston store could mean a boost for Wythenshawe charities, thanks to the Screwfix Foundation
Blockchain: Tim Draper Backs VC Goren Holm Ventures, Firm Rebrands as Draper Goren Holm
Prominent venture capitalist and blockchain proponent Tim Draper has backed LA-based blockchain-focused venture firm. Goren Holm Ventures has received an invest
Legaltech: India’s Lawyered, a Legal Technology Company, has Raised $100,000 from Angel Investors
Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may ne
Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures
FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it sec
SIPRI: Global arms industry sales up 4.6% worldwide, U.S. companies dominate Top 5
For the first time since 2002, the top five spots in the ranking are held exclusively by U.S.-based arms dealers.
Jaded Gittins pleads for budget honesty
Via a demoralised Ross Gittins:
Lies, damn lies and superannuation
It’s fair to say that Industry Super Australia (ISA) has a vested interest in raising the superannuation guarantee (SG) from the current 9.5% to 12%, since this would result in more funds under management to ‘clip-the-ticket’ on, and more fee revenue.
The decimation of Australian manufacturing
The latest quarterly data from the Australian Bureau of Statistics (ABS) has revealed in all its hideous glory the decimation of Australia’s manufacturing sector.
Wages killer: Skilled visa pay crashes below Aussie average
In the years leading up to the May federal election, the Morrison Government and its supporters used Australian Taxation Office (ATO) data to lobby against Labor’s policy changes to negative gearing, claiming that those earning $80,000 were ‘middle-income earners’.
Benchmark Lowers Harvard Bioscience (NASDAQ:HBIO) to Buy
Harvard Bioscience (NASDAQ:HBIO) was downgraded by analysts at Benchmark to a “buy” rating in a research note issued to investors on Monday, The Fly reports. HBIO has been the subject of several other research reports. ValuEngine cut Harvard Bioscience from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Zacks […]
Peony (PNY) Achieves Market Cap of $21,714.00
Peony (CURRENCY:PNY) traded down 1.2% against the dollar during the 1-day period ending at 8:00 AM Eastern on December 9th. During the last week, Peony has traded 5.6% higher against the dollar. Peony has a market cap of $21,714.00 and $267.00 worth of Peony was traded on exchanges in the last 24 hours. One Peony […]
Zen Protocol (ZP) Hits Market Capitalization of $736,884.00
Zen Protocol (CURRENCY:ZP) traded 8.6% higher against the U.S. dollar during the 1-day period ending at 8:00 AM ET on December 9th. Zen Protocol has a market capitalization of $736,884.00 and approximately $2,007.00 worth of Zen Protocol was traded on exchanges in the last day. One Zen Protocol coin can currently be bought for approximately […]
Sandler O’Neill Downgrades FB Financial (NYSE:FBK) to Hold
FB Financial (NYSE:FBK) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, The Fly reports. Several other analysts also recently weighed in on FBK. Zacks Investment Research raised shares of FB Financial from a “sell” rating to […]
Patterson Companies (NASDAQ:PDCO) PT Raised to $22.00
Patterson Companies (NASDAQ:PDCO) had its target price hoisted by Robert W. Baird from $19.00 to $22.00 in a research report report published on Friday, AnalystRatings.com reports. Robert W. Baird currently has a neutral rating on the stock. PDCO has been the subject of a number of other reports. Wolfe Research set a $17.00 target price […]
Magenta Therapeutics (NASDAQ:MGTA) Receives Neutral Rating from Goldman Sachs Group
Goldman Sachs Group reaffirmed their neutral rating on shares of Magenta Therapeutics (NASDAQ:MGTA) in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a $18.00 price objective on the stock. MGTA has been the subject of several other reports. ValuEngine cut Magenta Therapeutics from a hold rating to a sell […]
Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $230.00
Ulta Beauty (NASDAQ:ULTA) had its target price raised by Nomura from $215.00 to $230.00 in a report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a reduce rating on the specialty retailer’s stock. A number of other brokerages also recently issued reports on ULTA. Stifel Nicolaus dropped their price target on Ulta Beauty […]
Lennar (NYSE:LEN) Research Coverage Started at Goldman Sachs Group
Goldman Sachs Group initiated coverage on shares of Lennar (NYSE:LEN) in a research report released on Friday morning, 24/7 WallStreet reports. The firm issued a buy rating and a $71.00 price objective on the construction company’s stock. Several other research analysts have also issued reports on the stock. JMP Securities increased their target price on […]
-$0.31 Earnings Per Share Expected for Arlo Technologies Inc (NYSE:ARLO) This Quarter
Wall Street brokerages expect Arlo Technologies Inc (NYSE:ARLO) to post earnings of ($0.31) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Arlo Technologies’ earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.29). Arlo Technologies posted earnings per […]
China tech/Lenovo: battle standard
Beijing should remember that all armies depend on their supply lines
GitHub keen to open subsidiary in China
Beijing wants Chinese developers to engage more with open-source software, says executive
Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has
PMI: Nigeria’s manufacturing sector gains momentum in November
Nigeria’s manufacturing sector has continued to gain momentum as it rallied to build on the growth recorded in the third quarter of 2019.
These are the sad reasons Nigerian airlines struggle and fail
The CEO of AMCON, Mr Ahmed Kuru, has listed out the factors responsible for the failure of airlines in Africa’s largest economy.
Retail Major Walmart To Help MSMEs In India In Enhancing Capacity, Supply Chain; Launches Support Initiative
Under the initiative, the company aims to train around 50,000 micro, MSME in next five years, across 25 institutes.
Onion Prices Ease In Delhi As Produce Arrives From Afghanistan, Turkey Along With Local Crop
Wholesale prices of onion were quoted in between Rs 50-75 per kg at Delhi’s Azadpur mandi on Monday.
Stop drug prices rating
© EDITOR — Soon after the government announced that as a country we are moving from the multi-currency system to the Zimbabwe dollar, the prices of medical drugs escalated, showing that even now the rating system is still being applied.
Improve service delivery in high density areas
© EDITOR — It is sad to note that most local authorities are failing to provide essential services throughout the country. The economy is in bad shape, everyone knows that. Residents are struggling to service their bills.
Amazon is opening a new office in New York City. Here are 11 mind-blowing facts that show just how wealthy CEO Jeff Bezos really is., Business Insider - Business Insider Singapore
Business Insider - Worth an estimated $109 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $1.2 million.. Read more at businessinsider.sg
Pace of housing starts edges up in November on strength in B.C., Alberta
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Delhi fire tragedy: A tale of failed regulation and chaotic urbanisation
The political economy encourages vast, largely unregulated industrial activity, in utter violation of labour, safety and environment laws
FableStreet raises ₹21 crore in Series A led by Fireside Ventures
FableStreet, a premium work wear brand for women, has raised ₹21 crore in Series A led by Fireside Ventures.Industry honchos, including Pradeep Parameswaran, President for Uber India and South Asia; D
Fostering a new era in the climate change space
Sangam Ventures provides seed and early-stage funding to start-ups in the cleantech sector
‘IDB membership can help project exporters penetrate LAC market’
The Export Import Bank of India (Exim Bank) has urged the the government to consider taking membership in Inter-American Development Bank (IDB). This could provide opportunities for Indian project exp
Tracking deals: Fireside leads ₹20 cr round in SARVA
SARVA, a leading yoga studio chain, has raised ₹20 crore in its first institutional round led by Fireside Ventures with participation from angel investors. It will use the money to double the retail
Hero MotoCorp to hike prices by up to ₹2,000 from January
Two-wheeler market leader Hero MotoCorp on Monday said that it will increase prices of its motorcycles and scooters by up to ₹2,000 from January.The price hike will be across range of two-wheelers and
Brent may stay range-bound in Q1; risks loom in 2020
Last week’s OPEC+ decision to cut output by a further 500,000 barrels a day during the first quarter of 2020 – in addition to the existing cut of 1.2 million barrels a day – has not had the big bang i
‘With ₹32,000-crore, MP Lodha is India’s richest developer’
Mumbai, Delhi and Bengaluru account for three-fourths of the country’s richest players in real estate sector
The tough task of drawing up a structure and norms for a social stock exchange
Social enterprises may have to balance between improving the lives of people and earning returns
Onion retail trader stock limits cut to 2 tonnes
The Centre on Monday further cut onion stock holding limits imposed on retail traders to 2 tonnes from the recently-revised 5 tonnes as it suspected widespread hoarding by the traders, an official sta
Where households can save their money
Recent trends show a decent return in low-risk instruments. However, inflation has diminished the actual income on savings
Jhunjhunwala likely to withdraw from YES Bank's preferential share offer
Lender’s board may also reject the $1.2-b offer by Erwin Singh Braich, SPGP Holdings
‘Businesses in South that use old PCs face productivity loss, security breach’
Small and medium businesses (SMBs) in South India, using older PCs, are likely to experience reduced workplace productivity and security vulnerabilities, according to a Microsoft study.SMBs using comp
Japanese Trade Minister to discuss RCEP pact with Goyal
Talks may discuss New Delhi’s concerns, suggest ways to make Indian industry more competitive
Auckland Strike Action
Auckland bus operators are enraged at the inconvenience to passengers affected by continued bus driver strike action. Even those operators not directly affected by strikes are appalled at the behaviour of First Union and Tramways Union and their aggressive bully tactics which has included assaulting staff and damaging vehicles.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
PROFILE: Muhammad Nami, a tax consultant, heads Nigeria's FIRS
President Muhammadu Buhari on Monday nominated a renowned tax consultant, Muhammad Nami, as the new chairman of the Federal Inland Revenue Service (FIRS).
Sebastian Suhl to Exit Valentino
Suhl joined the couture house in January 2018 as managing director of global markets.
East Kilbride Clintons store saved from pre-Christmas collapse
The chain has bought itself out of administration saving 2500 jobs nationwide.
FIRS Chairman: Buhari Makes Fresh Appointment As Fowler’s Tenure Ends
President Muhammadu Buhari has appointed Muhammad M. Nami to replace Babatunde Fowler as the chairman of the Federal Inland Revenue Service (FIRS).
South African Electricity Utility Reveals Cause Of Worsening Power Crisis
South African electricity utility Eskom on Monday blamed rains for worsening rolling power blackouts that have continued for five days running, Concise News reports.
The Probability Of A U.S. Recession - December 2019
Identifies and discusses two U.S. recession probability models.Shows the current and historical readings of these models.Compares the models' probabilities to the average estimate from a recent survey
U.K.: The Page Has Turned
Elections are providing outlet for Brexit uncertainty.GDP forecasted to grow and stabilise.UK has fiscal space for mitigating negative Brexit outcomes.
Cadence Design Systems: Great Prospects, Mostly For The Operations
Cadence Design Systems is an undercovered beneficiary of the continued semiconductor boom.The company is well positioned and has a good track record, yet valuations have gotten a bit out of hand.I lik
DocuSign: Time To Lock In Profits
Shares of DocuSign soared nearly 10% after reporting Q3 results, extending a recent win streak ever since the company warned of sales execution issues in Q1.Revenue growth of 35% y/y beat Wall Street'
SailPoint: Potential Tailwind Ahead, But Expect Some Sales Execution Issues
The broader data privacy trends in particularly US and Europe will drive growth for SailPoint going into FY 2020.We see SailPoint's platform as a painkiller for enterprises to navigate the complexitie
Vector - Still Not Covering Dividend, Current Share Price Is A Gift To Longs, Sell
Even after a 50% dividend cut, Vector is still not covering its dividend. Don't take my word for it - the CFO just admitted it! Bond holders are getting paid over 10.5% while equity investors will be
What Continental Resources Should Do Next
Continental Resources reported a profit of $0.54 per share and generated free cash flows of $79.3Mn, even as it realized oil prices of just around $51 a barrel. The company could deliver strong result
Xinyuan Real Estate: The News Is Not Good
Results from the last quarter are disappointing.Almost every financial indicator is negative.The ongoing liquidation of TPG's holdings exerted further downward pressure on the stock price.
Disabled people score a win in superannuation entitlements
Disabled workers have received a boost with the Fair Work Commission delivering a better superannuation deal for low-income earners with disability.
Nokia dangles mediation carrot in front of Daimler over license dispute
Legal action has been paused in the hopes of reaching some form of resolution.
The 2020s could be an apocalyptic decade for Wall Street as artificial intelligence takes over the most popular jobs in finance
The financial services industry is a popular place for job seekers, but artificial intelligence could wipe away a million banking jobs.
Tariff hikes can double telcos operating profit in FY21: Report
India Business News: The steep tariff hikes, effected earlier this month by the battered telcos which held prices at rock bottom levels for nearly five years, can help mor
'Recent spike in retail inflation mainly on costlier food, government taking steps to moderate prices'
India Business News: The recent spike in retail inflation is mainly due to high food prices and the government is taking steps to moderate the volatility in prices, minist
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
WalkMe raises $90 million to help people navigate user interfaces with on-screen prompts
WalkMe, a digital adoption platform that helps companies integrate on-screen product walkthroughs into their software, has raised $90 million.
Aerospace engineer Senior mulls selling aerostructures division
Senior has admitted it is thinking about selling off its aerostructures division, in a deal that could be worth up to £450m.
Clarks announces loss of 170 jobs just weeks before Christmas
A spokeswoman confirmed 170 staff members will be made redundant and 80 of these workers are based at its Somerset headquarters in Street
Small business hiring slow, likely to remain so, reports say
NEW YORK (AP) - Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020.
Former Federal Reserve Chairman Paul Volcker has died
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.
Mainstream taps Rothschild for equity partner search
Eddie O’Connor owns 55% of company
HSBC Holdings shuffles executive ranks ahead of restructuring
Interim CEO plans to close some parts of the sprawling bank’s business and sell others
Rondo Food to close Co Wicklow plant with loss of 135 jobs
Pet food maker plans to move facility to Germany early next year
Just Eat takeover battle hots up with fresh $6.5bn Prosus bid
Offer is about 5% ahead of all-share bid from favoured suitor Takeaway
Lord & Taylor returning to New York with pop-up store
Lord & Taylor is reopening in New York less than a year after shuttering its flagship department store. But the new store will only be open for a limited time.
Xerox expects revenue growth of up to $1.5 billion with HP takeover
(Reuters) - Xerox Holdings Corp (XRX.N) expects its proposed acquisition of personal computer company HP Inc (HPQ.N) to result in sales growth of as much as $1.5 billion for the combined company, according to a presentation by the printer maker.
Factbox: Volcker quotes on U.S. banks, inflation, government
WASHINGTON (Reuters) - Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92.
Exclusive: Hyundai's $1.8 billion shipbuilding deal with Daewoo faces full EU probe - sources
BRUSSELS (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s (267250.KS) $1.8 billion merger with rival shipbuilder Daewoo (042660.KS) will face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.
Vodafone Rolling out Half-Sized SIMS as Part of New Plastic Reducing Policy
Vodafone has announced a new initiative to cut down on the amount of plastic it uses, and the half-sized SIM holder is part of that.
Broad participation of Turkish auto parts suppliers in major Shanghai fair
Turkey, along with Taiwan and Germany, saw the highest turnout at the 15th Automechanika Shanghai, which brought together the world's leading auto parts...
UPDATE 1-Brazil cattle passing through feedlots grows 2% - DSM
(Adds other remarks by DSM execs, detail on 3-NOP launch)SAO PAULO, Dec 9 (Reuters) - The number of cows slaughtered in Brazil after spending 90 days in feedlots is estimated to have grown by 2% to about 5.3 million head in 2019, a survey of Brazil's cattle market by Dutch animal nutrition company DSM showed on Monday.The figure will continue to grow as Brazilian ranchers seek more efficient ways to raise and finish livestock, DSM executives said at a media presentation, adding that an estimate for 2020 will be released in February.
South Korea: Government Mulling Taxing Cryptocurrency Capital Gains
The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019.
Corporate appetite in MENA grows in 5 years – Arabnet Report
Mubasher: The entrepreneurial ecosystem across the Middle East and North Africa (MENA) has been grabbing global and regional attention, with higher investor appetite and interest in the region’s startups, according to Arabnet report. The “State of …
Formula for Success? On the Value of Motorsport Sponsorships
Various brokers have invested their marketing budgets in motorsport sponsorships. Finance Magnates examined whether it was worthwhile
Irish pig prices remain stagnant at below €2/kg mark
It has been outlined that there has been no rise given in quotes from Irish pig factories for a fourth week in succession.
McLaren evaluating India entry
British supercar maker McLaren is looking to expand to our market in the coming years. Click here for all the details.
Huge Christmas boost as Affinity Credit Union pays out €398,000
GOOD NEWS FOR TIPPERARY MEMBERS
Bharat Bond ETF to open this week: check date, investment, return, other details
The Bharat Bond ETF will have a base size of Rs 7,000 crore, with a green shoe option of additional Rs 8,000 crore. Retail investors can invest with the minimum investment amount of Rs 1,000 and in multiples of Rs 1,000 thereafter
CGST falls short of budget estimate by 40% in April-November
In 2018-19, the actual CGST collection stood at Rs 4,57,534 crore as against the provisional estimate of Rs 6,03,900 crore for the year
Hero MotoCorp to hike motorcycle, scooter prices from January 1
Hero MotoCorp's portfolio includes affordable motorcycles like Splendor, HF Deluxe, as well as premium offerings like Xtreme 200S and Karizma ZMR. The company also markets scooters including Maestro Edge 125, Pleasure, Destini 125 and others
Executives at state-run companies oppose privatisation of BPCL
Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations
Mutual Funds' asset base crosses Rs 27 lakh crore in November
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Top stocks to watch: YES Bank, Hero MotoCorp, ICICI Bank, Tata Motors and others
Shares of YES Bank will remain in focus after report suggested that the lender will reject an investment proposal of $1.2 billion from SPGP Holdings and Canada's Erwin Singh Braich
Goyal says tit for tat to countries discriminating with Indian cos
"Free and equal access" is the policy adopted by this government two years ago, he said at an event organised by EXIM Bank here
government bonds launches interest rate options on 10-year government bonds
As per the statement, interest rate options are based on the underlying government 10-year bonds -- the 7.26% 2029 bond and the 6.45% 2029 bond
After nod to Recycling of Ships Bill, India eyeing 60% global share: Govt
Terming the passing of the Bill as a giant step and a historical moment in the Indian maritime arena, Mandaviya said it will have far reaching effects on the ship recycling industry.
Letter to BS: NEFT system a step closer to achieving financial inclusion
The facility to transfer money through NEFT transaction on a round-the-clock basis will benefit many customers
India set to be among top advertisement markets in 2019: GroupM and Zenith
The overall market size is expected to reach Rs 95,000 crore
Huobi US Closes Doors After Weak Demand
The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after
Minister Senzo Mchunu announces massive cuts to ministers' perks, expenditure | IOL News
Public service and administration minister Senzo Mchunu announced wide amendments to the ministerial handbook.
EU Approves State Aid to Develop Car Batteries Industry
The European Union has approved $3.5 billion in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
China Orders All Government Offices, Public Companies To Replace Foreign PCs, Software
Beijing retaliates for Huawei blockage
Sensex rises 42 points; bank, auto stocks shine
Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters.
Tata Motors to add another 100 sales outlets for PVs
Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.
Hearables fuel wearable shipment surge
The growing popularity of wireless ear and headphones pushed wearable shipments in the third quarter ...
China hopes for US trade deal 'as soon as possible'
China and the United States are negotiating a so-called "phase one" deal aimed at de-escalating their prolonged trade dispute.
Why Canopy Growth Stock Just Popped 11%
Canopy just crowned a new king of cannabis.
This Dividend-Paying Chip Stock Could Switch Up a Gear in 2020
Secular end-market growth should be a catalyst for chipmaker Analog Devices in the new year.
Liberals move on tax cut for the middle-class in the Commons
Finance Minister Bill Morneau has tabled a motion in the House of Commons to move on the Liberal's promised tax cut for the middle class.
Can Debt Deal Save Chesapeake Energy Stock?
Seemingly out of nowhere, Chesapeake Energy stock received a lifeline with a debt financing deal. But should contrarians take the bait?
3 Healthcare Stocks to Buy Before the End of 2019
The year-end success of the healthcare sector has led to several strong stocks to buy. Here are three of the best healthcare stocks to buy.
5 Restaurant Stocks Dominating Holiday Season Foot Traffic
Foot traffic is one of the best indicators of which fast-food restaurant stocks are best navigating the difficult environment.
10 Stocks With Little or No Debt to Own for the Next 50 Years
Millennials looking for stocks to own for the next 50 years might want to consider these 10 companies from various sectors of the economy.
Be Wary of Ford’s High Dividend Yield
Be wary of the high Ford stock dividend yield. Ford still can't afford the dividend since its adjusted FCF is too low and not growing.
Senator outlines measures to reopen Nigerian borders
A former Chairman, Senate Committee on Police Affairs, Senator Abu Ibrahim, Monday listed measure Nigeria should take to reopen its closed ...
AMCON takes over oil firm over N29b debt, appoints manager
The Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt...
EU and African banks sign $120 million climate action facility
The EIB and the TDB have signed a deal to fund sustainable energy projects over the next 15 years.
S&P 500, Nasdaq edge higher; tariff deadline in focus
NEW YORK, Dec 9 — The S&P 500 and Nasdaq indexes edged higher today, with investors keeping a close watch on headlines around US-China trade as planned tariffs on Chinese imports kick in on December 15. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating...
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
Mkango Resources (LON:MKA) Trading 1.4% Higher
Shares of Mkango Resources Ltd (LON:MKA) traded up 1.4% during trading on Monday . The company traded as high as GBX 7.30 ($0.10) and last traded at GBX 7.25 ($0.10), 332,122 shares were traded during trading. A decline of 29% from the average session volume of 467,759 shares. The stock had previously closed at GBX […]
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) Stock Price Up 0%
SPDR MFS Systematic Core Equity ETF (NYSEARCA:SYE) shares rose 0% on Monday . The stock traded as high as $88.11 and last traded at $88.11, approximately 16 shares traded hands during trading. A decline of 100% from the average daily volume of 4,722 shares. The stock had previously closed at $88.09. The firm’s 50 day […]
Brokerages Set Great Portland Estates PLC (LON:GPOR) Price Target at GBX 724.09
Great Portland Estates PLC (LON:GPOR) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The […]
iPath Series B Bloomberg Cotton Subindex Total Return ETN (NYSEARCA:BAL) Stock Price Down 1%
iPath Series B Bloomberg Cotton Subindex Total Return ETN (NYSEARCA:BAL) was down 1% during mid-day trading on Monday . The company traded as low as $38.71 and last traded at $38.71, approximately 130 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 4,426 shares. The stock had previously […]
Zacks: CNS Pharmaceuticals Inc (NASDAQ:CNSP) Receives Average Rating of “Strong Buy” from Brokerages
Shares of CNS Pharmaceuticals Inc (NASDAQ:CNSP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Zacks has also assigned CNS Pharmaceuticals an industry rank of […]
The US has become one of the lowest-taxed countries in the world. Here are the 6 other nations with the smallest tax burdens.
The US tax burden slid to among the lowest for major global economies in 2018. It now sits above just Ireland, Chile, and Mexico, according ...
Bitcoin in wait-and-see mode as downward trend persists
With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout.
Fed’s repo action for year-end crunch point oversubscribed
The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was oversubscribed on Monday, indicating that participants are still hungry for funding to take them into 2020.
Wattpad to open second headquarters in Halifax in early 2020
The storytelling platform said Monday that starting early next year it will have a team based out the 60,000-square-foot Volta innovation hub in the city's downtown core to better integrate with the local tech community.
Power sector privatisation, grand scheme to defraud Nigeria ― Lawan
The Nigerian Senate President, Ahmad Lawan stated that the privatization of the power sector was a grand scheme conceived with intention to defraud Nigeria.
Kingdom calls on Japan to increase number of direct flights to Siem Reap, Phnom Penh
Cambodia is requesting Japan to increase the number of direct flights from Japanese cities and provinces to Phnom Penh and Siem Reap, so as to contribute to increasing cooperation and tourist numbers between the two countries.
AUD/USD price analysis: Australian dollar stuck near daily highs, challenging 0.6836 resistance
After the initial bullish breakout at the start of December, AUD/USD is remaining in range near the 200-day simple moving average (DMA).
Gold price analysis: XAU/USD under pressure near four-month lows, trades below $1465/oz
Gold remains under bearish pressure near four-month lows below the 1465 resistance and the 50/100 SMAs.
Petrol price hits Rs 75 per litre mark, diesel crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre.
Over 100 million Nigerians earn less N700 daily – UK’s EFInA
The United Kingdom’s Enhancing Financial Innovation and Access (EFInA) has disclosed that over 100 million Nigerians earn less than N700 per day.
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them, Business Insider - Business Insider Singapore
Business Insider - Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.. Read more at businessinsider.sg
New entry fees for visitors to Oman’s Damaniyat Islands
If you’re planning to visit Damaniyat Islands in Oman, you need to pay an entrance fee.
Liberals to release fiscal update before Christmas, Morneau says
OTTAWA — Finance Minister Bill Morneau says the government will provide an update on federal finances before Christmas. Morneau is introducing legislation today to provide a tax break for anyone earning under $147,000 a year.
Hurun’s list: Mukesh Ambani may soon break into top 5
Riding the digital wave, Mukesh Ambani, the first Indian to break into the global top 10 rich list, would emerge as one of the five richest people in the world in the next two or three years. The Chai
Equity inflows into mutual funds dip to 41-month low
Exit load triggers outflow, but analysts see investors flocking back
Tamil Nadu: At this store, buy a smartphone, get 1 kg onion free
Saravana Kumar (35), who runs the shop in Thalaiyari Street in Pattukotai, said the strategy had paid off and earned him lots of customers in the past few days. “Generally mobile shops tend to give charger or earphones as an offer during the festive season. I tried something out of the box and it worked," he said.
BHEL recruitment through interview: Salary up to Rs 66,000; diploma holders can apply too
BHEL recruitment: Candidates will be hired for a two-year contract. Interested can apply at the official website, careers.bhel.in by December 21, 8 pm. The last date to submit the application form by post is December 31.
Mahfuz: 59,689 cabbies, e-hailing drivers have signed up with Socso since October
KUALA LUMPUR, Dec 9 — About 59,689 taxi and e-hailing drivers have registered under the Social Security Organisation (Socso) since October this year, said Deputy Human Resources Minister Datuk Mahfuz Omar. He said various initiatives were undertaken by the government, to attract the public...
EU opens subsidies for electric battery push
BRUSSELS, Dec 9 — The EU’s powerful anti-trust authority today approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries. The move is part of a big push led by Germany and France to prepare Europe for the emergence of electric cars, as...
US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
The U.S. SEC is seeking to reopen a case against Bitcoin fraudster Renwick Haddow, as he has not resolved the regulator’s claims for monetary relief.
Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate
The Intercontinental Exchange’s digital asset platform Bakkt launched the first regulated Bitcoin options and cash-settled futures.
Labour’s plans to nationalise services: Everything you need to know
The party’s manifesto said it would like to take mail, water and train operators, among other things, back under public ownership.
Fowler out, Muhammad Nami in – here are few things you need to know about the new head of Nigeria's revenue-generating agency, FIRS
The Nigerian government has appointed Muhammad M. Nami as the new chairman of the country's revenue-generating agency, Federal Inland Revenue Service.
China Fires Another Salvo as the Trade War Kicks into High Gear – Orders Government Offices to Purge Western Tech
China is planning to purge all public offices of foreign-sourced technology in a policy that has come to light only recently.
Apple Price Target Set At $342 As Analyst Speculates On Apple Glasses In 2020
Cupertino tech giant Apple continues to witness optimism from investors as China's Renaissance Bank sets record price target for stock.
China tells government offices to remove all foreign computer equipment
China has ordered that all foreign computer equipment and software be removed from government offices and public institutions within three years, the Financial Times reports.
Pace of housing starts edges up on strength in B.C., Alberta
The national housing agency says the seasonally adjusted annual rate for November was 201,318 units, up 0.3 per cent from 200,674 units.
FG targets $500 AfDB loan to boost technological innovation
The Minister of Industry, Trade and Investment, Richard Adebayo, said the Federal Government has initiated moves to secure a $500 millon (AfDB) fund
SPONSORED: Unprecedented reduction in member commission rates at ANM
Aberdeen & Northern Marts (ANM) has announced a transformational change to livestock commission rates bringing significant reductions for customers who are shareholders in its co-operative business.
Wealth of Canadians divided along racial lines, says report on income inequality
One interesting finding was that racialized men have a higher employment rate than non-racialized men
GBP/USD retreats modestly from eight month highs to the 1.3130 area
The GBP/USD dropped from 1.3180 -the highest level since early April- to 1.3135 following the release of a new poll ahead of the general election in t
Fitch: Smoother Italy-EU relations do not remove fiscal uncertainty
Political divisions and differing policy views within Italy's governing coalition are likely to constrain meaningful tax & structural reforms, Fitch R
Here’s how TransLink says you can prepare for the SkyTrain shutdown tomorrow
TransLink is preparing customers after CUPE 7000, the union representing 900 SkyTrain workers, announced that it would forward with withdrawal of services.
IP-based phone service providers to use technology to tackle caller ID spoofing
Canadian providers of Internet-based phone systems should be able to adopt new technology next year that goes after fake phone calls.
Liberals move to start phasing in promised tax cuts in January 2020
The Liberal government says Canadians would begin to see the impact of a proposed tax cut on their first pay stubs of the new year - as long as the party can get enough political rivals to help them deliver on one of their major campaign promises.
Liberals to release fiscal update before Christmas, Morneau says
Finance Minister Bill Morneau says the government will provide an update on federal finances before Christmas.
An Apparel, Footwear Group is Pushing for Amazon's Inclusion on Government's Annual "Notorious Markets" List
The U.S. Trade Representative’s 2019 blacklist of intellectual property abusers might include a striking new name: the $1 trillion e-commerce goliath that is Amazon. According to the Wall Street Journal, the Trump administration is considering adding some of the foreign offshoots of Jeff Bezos’ e-c
Over 10 lakh cr loans sanctioned under Mudra Yojana
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.
Job creation to jump 7.12% in Oct-Mar: TeamLease report
According to TeamLease's bi-annual Employment Outlook Report for HY2 2019, economic reforms lifted the spirits for seven of the 19 sectors surveyed, while nine sectors reported a decrease in their outlook for October-March period of this fiscal.
Why Investors Should Avoid Zscaler
The cybersecurity company reported strong fiscal first-quarter results and raised its guidance, but its stock price corresponds to higher expectations.
Why These 2 Natural Gas Stocks Are Soaring Today
Antero Resources and Antero Midstream are working together to enhance their outlook.
Desirable Branding Distinguishes Aphria Stock
Though production capacity is always important, Aphria stock has made progress due to its underlying premium brands.
Investors Should Buy Amazon Stock While It Keeps Treading Water
Worries about Amazon's declining AWS growth and rising content spending appear to be overblown. Amazon stock has got plenty of life in it.
Under $3, Plug Power Stock Is a Good Speculative Buy
Plug Power and PLUG stock lost all momentum Dec. 2 when it announced it would sell up to 40 million shares in a secondary offering.
Eight things you probably didn’t know about new FIRS chairman, Nami
President Muhammadu Buhari on Monday approved the composition of a new board for the Federal Inland Revenue Service (FIRS), subject to...
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
As per the ministry's data, maximum retail prices are ruling at Rs 165 per kg on Monday, while modal price was at Rs 100 per kg. In most cities, onions are quoted over Rs 100 per kg in retail markets, pinching hard on consumers' pocket.
Aberdeen Asia-Pacific Income Investment (TSE:FAP) Trading 0.3% Higher
Aberdeen Asia-Pacific Income Investment (TSE:FAP)’s stock price traded up 0.3% during trading on Monday . The stock traded as high as C$3.55 and last traded at C$3.55, 35,313 shares were traded during trading. A decline of 36% from the average session volume of 54,849 shares. The stock had previously closed at C$3.54. The stock has […]
$0.07 Earnings Per Share Expected for Alamos Gold Inc (NYSE:AGI) This Quarter
Brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alamos Gold’s earnings. Alamos Gold posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year over year growth rate of […]
Insider Selling: Parex Resources Inc (TSE:PXT) Director Sells 90,000 Shares of Stock
Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 90,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.05, for a total transaction of C$1,804,500.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued […]
Jumia Closes Shop In Rwanda Days After Exiting Cameroon, Tanzania
Jumia has closed its shop in Rwanda after six years of operation, days after exiting Tanzanian and Cameroonian market.In a message to its customers the New York-listed e-commerce platform said it
10 things to know about new FIRS chairman, Muhammad Nami
Sodiq Oyeleke President Muhammadu Buhari on Monday nominated Muhammad Nami as the new chairman of the Federal Inland Revenue Service. Subject to Senate confirmation, Nami is expected to repla...
Tullow’s shares go down by 50 percent as CEO resigns over poor performance in Ghana
The shares of Tullow Oil Plc on the London Stock Exchange (LSE) dropped by over 50% as its CEO, Paul McDade resigned due to the poor performance in its Ghana operations.
Samsung Executives Jailed For Two Years Following $3.9 Billion Fraud Case
Korean tech giant Samsung is in trouble with the law once again as three executives have been sentenced to prison today. Take a look here!
Group moves to create market window for rice farmers
The Nigeria Farmers Group and Cooperative Society (NFGCS), has moved to create a larger market window for farmers by aggregating rice paddy across
Xizi elevators and market competition in Nigeria
With the population of Nigeria hitting over180 million and the designation as Africa’s largest economy, the country is seen as the next global investment
Macron's France: Fifth Day of Anti-Reform Strikes Cripple Paris
Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways.
The Fed's recent repo crisis was the fault of big banks and hedge funds, new study finds
September's repo-rate spike was driven by big banks and hedge funds, the Bank for International Settlements wrote in a report released Sunday. T...
Airasia sees non-airline segment as top earner
KUALA LUMPUR: AirAsia Group Bhd (AirAsia) believes the non-airline businesses under its subsidiary RedBeatVentures have the potential to outperform the airline business in the next two to three years.
Government defends R&D law changes
The Coalition will have a second crack at passing R&D reforms in February, but some companies are warning the proposals are insufficient and out of date.
CEOs want urgent action to boost economic growth
Chanticleer's annual survey of 40 CEOs has uncovered some sage advice for government on how to kick-start the economy.
UBank adopts Basiq's AI-powered tools to help Millennials budget
Open banking will help the NAB subsidiary crunch data to help younger customers save more.
Scott Morrison doesn't know the meaning of productivity
Productivity won't save the economy when wages and demand growth have hit the floor.
Banks to quiz borrowers about Netflix, private school
Lenders should be asking customers to prove they can save money for loans by cancelling their Netflix subscriptions under new responsible lending guidelines.
A bold escape from a negative rate world
The Riksbank will be the first central bank in Europe to exit negative rates, which have fostered political and social discontent without any material economic recovery.
CEOs call for fiscal stimulus
Australia's top business leaders say infrastructure spending, tax cuts and investment breaks should be used to boost sluggish growth.
Caltex indolence invited takeover bid
Dozy oversight of cruising management has all but goaded a bidder out of the woodwork.
You won't need to be techy to work in tech
The top 15 emerging jobs say LinkedIn shows the rise of tech jobs that are open to anyone, as soft skills rise in importance alongside technical ability.
Nvidia lawyer pushes court to dismiss cryptocurrency mining chip lawsuit
Graphics card manufacturer Nvidia is fighting to have a lawsuit dropped that alleges it misled investors over its failed cryptocurrency mining chip.
International competitive bid from Ethio Telecom (Tender)
Floating Date: AS of December 10,2019 RFQ No.3681940 and 3681941Closing Date: January 02,2019 1. Ethio telecom invite all interested and eligible bidding by this international Competitive Bid (ICB) for the procurement of Network Security operation and maintenance Training (Advance Lepel) and IPv6 Bearer Network Training Advance level) with RFQ No.3681940 and 3681941. Tender remains floating from December 10,2019 to January 02, 2019. Extension of Bid Opening Date Bid Ref.No ET-MANR-126947-GO-RFB
Banks could face forced legacy systems cull
RBA floats closure of direct debits for real-time automation.
Labour group accuses Google of illegally firing workers to stifle unionism
Communications Workers of America union files federal labour charge.
Global financial watchdogs take aim at Big Tech's data dominance
Could be forced to share data on financial services customers with banks.
Trade war goes digital: countries eye tariffs on Internet economy
Potentially forcing people to pay duties on software and movie downloads.
AUD/USD struggles to recover despite modest USD weakness, trades around 0.6820
The AUD/USD pair snapped its four-week losing streak last week but seems to be having a tough time pushing higher on Monday. After moving sideways bel
US: CPI likely to post +0.2% mom increase – Deutsche Bank
According to Deutsche Bank analysts, the main highlight for the US markets is CPI release on Wednesday and the retail sales figures on Friday. Key Quo
GBP/USD price analysis: Cable hanging near seven-month highs below 1.3180 key resistance
The market is hanging near seven-month highs, flirting with levels last seen in early May 2019. In the New York session, the market is trading flat just above
Gold Technical Analysis: The set-up seems tilted in favour of bearish traders
Gold regains some positive traction amid persistent trade uncertainty. The upside is likely to remain capped ahead of the FOMC policy update. Gold rem
Canada: Building Permits declined by 1.5% in October vs. +2.9% expected
The total value of Building Permits issued by Canadian municipalities declined by 1.5% to $8.3 billion on a monthly basis in October and fell short of
5 things you need to know about the planned SkyTrain shutdown
Here's what you need to know right now about the planned SkyTrain strike scheduled to begin early Tuesday morning.
Uncertainty over FIRS boss reappointment, as his tenure ends
The tenure of Babatunde Fowler as the Chairman of the FIRS ended last weekend and his special adviser has been announced as his replacement.
Marginal Rejig In GST Structure Can Be Combined With Income Tax Cuts
The right thing to do is to accept a slightly higher rate of fiscal deficit in the short run.