Economy 552
Chinese investments in Malaysia halve, US inflow soars, new govt data reveals
KUALA LUMPUR, Nov 29 — Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the...
Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
The Gross Domestic Product growth fell to 4.5 per cent in the second quarter of the year 2019-20.
Low subscriber numbers and debt kill Cell C Black
Disappointing subscriber numbers and a poorly executed strategy led to the closure of Cell C’s streaming service, Black.
Letters for Nov. 29
Don’t speed and you won’t payRe: Police chief opposed to nixing photo radar, Nov. 27I have been caught speeding by photo radar more than once. Guess what? I was speeding.Reviewing photo radar on th…
Focus will be on Canadian GDP – TDS
Analysts at TD Securities (TDS) offered a brief preview of Friday's only important release of the Canadian GDP growth figures, scheduled later during
‘Steel output target of 300 mt is challenging amid issues over raw material availability’
The Indian steel industry will be able to achieve its crude steel production target of 300 million tonnes (mt) by 2030 only if the issues surrounding raw material availability are addressed. The st
Surge of activity in Auckland investment market - Colliers
A strong surge in activity over the last two months has contributed to a record year across all four offices that make up Colliers International’s Auckland Investment Sales team.
Oil to be stuck in a rut in 2020 as slowing demand fuels glut
Opec unlikely to opt for deeper output cuts.
India’s Core Sector Output Shrinks 5.8% In October, Lowest In Over A Decade
As many as six of eight core industries saw a contraction in output, indicating the severity of the economic slowdown in India.
Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
"We can significantly increase our bilateral trade from the present level of about USD 7 billion. Besides, mutual investment can also flourish in a number of areas, including ports, airports, highways, metro rails, telecommunication, petroleum products and hydel power," Assocham President B K Goenka said.
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
Swedish economy ups pace in Q3, supports Riksbank hike plans
STOCKHOLM — Sweden’s economy accelerated slightly in the third quarter from a tough start to the year, data showed on Friday, providing some support for the central bank’s plan to increase the benchmark rate at its meeting in December.
Daily Mail owner buys i newspaper for £50m
DMGT buys the newspaper from JPI Media, which took over Johnston Press last year.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
The Unusual Journey of Theodore Roosevelt's Maltese Cross Cabin
The Maltese Cross Cabin traveled to expositions across the country before settling at Theodore Roosevelt National Park in North Dakota, making it one of the most well-traveled former homes of any U.S. president.
German car industry reels as Daimler cuts 10,000 jobs
Some 50,000 cuts have been announced across the sector as automakers restructure
New World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
Top U.S. retailers absorb tariff pressure ahead of holiday shopping season
WASHINGTON (Reuters) - Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.
Daily Mail owner to buy i newspaper and website for £50m
Mail group sees opportunities for cost synergies
Over 75% of the Digital Wallet Users in Bulgaria Are Men
Over 75% of the digital wallet users in Bulgaria are men. 31% of all consumers live in Sofia, 15% live in Varna, 6% - in Plovdiv.
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
December fuel price prognosis - a mixed bag for motorists | IOL Motoring
Petrol prices are set to increase slightly in December, while diesel is set to go down, according to month-end data.
Winsborough extends leadership footprint
Elaine McCaw, a leadership luminary, joins Winsborough Limited this month as an Independent Director of the Board.
NZ Bus advised of industrial action by FIRST Union and Tramways Union
NZ Bus has been advised by FIRST Union and the Tramways Union that drivers will be taking strike action from next week that will affect a number of routes.
Hut 8 Purchases 9 Data Centers from Bitfury for $7 Million
Hut 8 Mining Corp on Thursday announced the acquisition of nine Blockbox AC data centers from the BItfury Group, costing $7 million.
Why This Top Aerospace Stock Is Poised to Fly Higher
One of the best-performing industrial stocks of the last decade shows no signs of slowing down.
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
ACB Stock Price: Aurora Cannabis Inc. sets higher lows, shrugging off financial fears
Aurora Cannabis Incorporated, which is headquartered in Edmonton and trades at the Toronto Stock Exchange (TSE) has risen on Thursday at and closed at
$20 Billion in Assets on the Move to New Blockchain in 2020 by British Powerhouse HSBC: Report
Blockchain technology will power a new platform launched by HSBC. Reuters reports that the British banking giant is releasing Digital Vault in 2020. The blockchain-based custody solution will grant investors real-time data for securities that are bought on private markets. Paper records primarily comprising private placement transactions will be swapped for blockchain records, making HSBC’s […]
Daimler to cut thousands more jobs in bid to reduce costs
Car manufacturer struggling with cost of electic vehicles
India: Economy grew 4.5% in Q2 vs. 4.7% expected
The data published by the Ministry of Statistics on Friday revealed that the Gross Domestic Product (GDP) in India expanded by 4.5% following the %5 g
AmBank Group to disburse up to RM6b of loans in 2H 2020
KUALA LUMPUR, Nov 29 — AMMB Holdings Bhd (AmBank Group) targets to disburse up to RM6 billion in loans in the second half of its financial year ending March 31, 2020 (H2 2020), driven by the current positive sentiment in the industry’s loan growth segment. Chief executive officer Datuk Sulaiman...
Wagners secures contract for Adani’s Carmichael mine
Wagners has secured a contract from Adani Mining to deliver a quarry operations package for the Carmichael project in the Galilee Basin.
US merger rush stirs debate over equities bull market
Some see signs of rally’s impending end in rash of multibillion dollar tie-ups
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for several hours and shoppers were unable to shop the sales.
CBOT Trends - Corn, wheat seen steady to higher; soybeans mixed
CHICAGO, Nov 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.The markets were closed on Thursday for the Thanksgiving holiday.WHEAT - Steady to up 2 cents per bushel* There were no deliveries against the CBOT's December wheat contract on first notice day on Friday. Traders expected deliveries of zero to 400 contracts, with most anticipating none.
November Portfolio Update - Prefs And Finance
This month saw a smaller amount of overall investments, mostly going into finance, some oil/energy, preferred stock, and other debt instruments.FX is somewhat improved, but still at prohibitive levels
Is India Inc getting aggressive on cutting costs via VRS?
Voluntary retirement scheme (VRS) is a popular method to reduce surplus staff. Many large public and private sector companies have implemented VRS in recent years
Bonanza Creek Energy: Strong Operational Performance Adds To Its Value
Bonanza Creek has delivered at the high end of production expectations while spending towards the lower end of its original capex budget.Production growth may be lower in 2020 as it attempts to minimi
Maria 01: The Future of The Largest Startup and Venture Campus in Europe
From the creators of Slush, the Maria 01 Startup and Venture Campus in Helsinki is a mini-city within the city, expanding to become Europe's best and largest startup campus, a place every startup and VC must know about.
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
BPCL Privatisation: DIPAM Appoints Deloitte As Adviser For Strategic Sale Of India’s Second Largest Oil Refiner
Some global petrochemical giants, including Saudi Aramco have expressed interest in the assets of BPCL
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
Vanguard International Dividend Appreciation ETF: Exposure To High-Quality Foreign Stocks
VIGI screens for non-U.S. stocks with at least a seven-year consecutive history of increasing the dividend amount.Fund has outperformed some other widely traded foreign stock ETFs in recent years.VIGI
CrowdOwnership: LandWey launches online investment platform for real estate co-ownership
In a bid to create a profitable, vibrant and viable entry into real estate investment by pooling intending real estate investors together to collectively...
Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents
Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring ...
StudentFinance.com, founded by the team behind Uniplaces, raises €1.15 million to reshape education financing using AI technology
StudentFinance, a Fintech company created by the founders of Uniplaces, has today announced it has closed a €1.15 million seed round of funding led by Seedcamp (investors in Revolut and TransferWise – two of the largest fintechs in Europe) and Mustard Seed Maze.
Business Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
EUR/GBP retreats from daily highs near 0.8540
The selling pressure around the single currency has forced EUR/GBP to recede from earlier tops in the 0.8540/45 band. EUR/GBP remains focused on the U
China’s true economic growth could be half of what everyone thinks
China’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
HSBC and Santander customers set for refund
The competition watchdog says the banks failed to send text alerts to customers about to go into the red.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Downdetector.
Pakistan to Debut Chinese Yuan-Denominated Panda Bonds Worth $1 Billion
New Delhi (Sputnik): China’s Panda Bonds are onshore products that help international borrowers to explore domestic yuan investors. These yuan-dominated notes are sold by non-Chinese issuers.
Roscommon respite centre to close despite campaign
The Irish Wheelchair Association (IWA) is shutting the Cuisle centre in Donamon in Co Roscommon because of funding issues.
Shopee's Desaauto@KPLB to sell automotive products, aid rural economic growth
KUALA LUMPUR: Following the success of Desamall@KPLB, Shopee, in collaboration with the Rural Development Ministry and ELokal, launches Desaauto@KPLB, an automotive e-store.
Cotton - The Fluffy Fiber Continues To Work Its Way Higher
A recovery to 96.50 cents ran out of steam in June 2018.Cotton falls to just over the 2016 bottom.A bullish pattern since late August.Levels to watch in the cotton market.BAL is the cotton ETN product
New regulations for gift vouchers to come into effect ahead of Christmas
New laws will give all vouchers a five-year expiry time while also meaning people won't have to spend the entirity of the balance in one transaction.
Telkom Says Cell C Has Rejected Takeover Offer
JOHANNESBURG – Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid. “The Telkom Board continues to believe the offer is a compelling proposition that would have created significant value for all stakeholders including Telkom’s shareholders,” the statement said. Cell C is majority-owned by Blue […]
US stocks retreat from records on greater trade tension
WEST NEW YORK, Nov 29 — Wall Street stocks retreated from records early today on revived worries about US-China trade talks as retailer shares were mixed on the official start of the holiday shopping season. Analysts pointed to increased US-China trade friction as Beijing threatened unspecified...
SFI–Capco Institute Banking & Finance Forum
The conference will be held in English and attendance is free of charge. Registration is mandatory.
Ethereum Express Launching New Projects For Over 48,000 Users
Featured The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the
GAM’s head of investments to quit Swiss asset manager
Matthew Beesley was once regarded as contender for top job
Digital Payments: Modi’s Idea of A Cashless India Is Going Steady and Strong
As compared to FY 2014-15, the digital transaction volume for FY 2018-19 has grown five-fold.
Mining industry is the bulwark of Ghana's development - Koney
news, story, article
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
It’s a rush for FASTags as banks, customers gear up for Dec 15 deadline
Banks come out with offers such as doorstep delivery and free movie tickets
Huawei prepares lawsuit to fight against FCC restrictions
The company has also drastically increased its spending on Washington lobbyists and has engaged in a public-relations makeover.
Goldman Sachs: Pound Sterling seen Above 1.20 vs. Euro and 1.30 vs. Dollar on Swift Brexit Resolution Following Conservative Majority
Foreign exchange analysts at Wall Street investment bank Goldman Sachs have updated their views on the British Pound, saying the currency can move notably higher than current levels were a Conservative majority delivered in the upcoming December 12 election
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
Farmers battle 'worst autumn in memory' to get seeds planted and crops out of the ground
Crop growing across East Anglia has been severely disrupted by prolonged wet weather - and there are fears the effects will continue to be felt next year.
Shopping in these 4 popular Malaysian cities just got a lot easier for Singaporeans with NETS ATM cards, Business Insider - Business Insider Singapore
Business Insider - NETS ATM cards can now be used in Malaysia across 7,400 PayNet acceptance points - but only in these 4 cities.. Read more at businessinsider.sg
India’s economic growth falls to 4.5% in July-September quarter – the slowest in over six years
This is the sixth straight quarter of slower growth. The GDP grew just 5% in the April-June quarter.
Mercedes-Benz parent Daimler plans thousands of job cuts worldwide
The job cuts will be carried out by the end of 2022 as part of efforts to reduce spending by 1.4 billion euros (US$1.5 billion), the maker of Mercedes-Benz cars said Friday in a statement.
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
Amazon's second-gen ARM-based chips are coming to its cloud business
Amazon’s cloud computing unit designed the ARM-based processor, which, as noted by Reuters, will be 20 percent faster than Graviton, the company’s first-gen ARM chip that was created as a low-cost option.
Taiwan raises economic growth forecasts for 2019 and 2020
GDP benefits from Taiwanese businesses returning amid trade wars: DGBAS.Taiwan’s economy will grow by a higher-than-expected 2.64 percent this year and even by 2.72 percent in 2020, the government predicted Friday (November 29).
The Aramco IPO And The OPEC Meeting Could Support The Price Of Crude Oil
The Saudis want to sell a piece of Aramco.Watch the OPEC meeting for clues.Iran provides support for the energy commodity.U.S. energy policy could shift.UCO and SCO are tools for those who do not trad
Huawei plans legal challenge over exclusion from federal subsidies in US
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.
Here’s everything we know about what’s going on inside Goldman, from its changing tech culture to shakeups in its inner ranks.
E-tailers jump bandwagon to boost sales with Black Friday offers
From Amazon to H&M, the Black Friday offers flooded people's emails and message boxes on smartphones in the country
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
India’s economic growth cools to six-year low
Slowdown in rate of expansion is latest sign of deepening gloom
Thousands of Aussies ditch big energy companies for cheaper, local alternatives
Thousands saving up to $430 on energy costs – compare today! Affordable energy continues to be a top concern for many seniors and cost-wary Aussie
Sensex plunges 336 points ahead of GDP data release for September quarter
The top gainers on the Sensex were Bharti Airtel, HDFC Bank, and NTPC.
Swedish startup Bokio books €4 million to expand its SMB accountancy software across UK
Bokio, the Swedish startup applying AI to small business bookkeeping, has raised a €4 million round, led by Stockholm-based VC firm, creandum, with support from Svea and Chris Adelsbach. For small businesses, sole traders, and freelancers, Bokio supports a wide range of administrative tasks including invoicing, employee expenses, reporting and VAT returns. The interface is […]
Swiss Firm Zurich Airport Outbids DIAL, Adani To Develop Jewar Airport
The first phase of the airport would be spread over 1,334 hectare and cost Rs 4,588 crore.
OZ Minerals to begin construction of Pedra Branca mine in Brazil
OZ Minerals has started construction of its Pedra Branca underground copper-gold mine in the southern part of the Carajás in the Pará state of Brazil.
Is Vietnam too cautious when setting economic development goals for 2020? - VietNamNet
Many economic targets set for 2020 are lower in comparison with real implemented levels.
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
Airbus considering production of hybrid airplane by 2035
HAMBURG (Reuters) - Airbus (AIR.PA) (AIRG.DE) is considering producing a hybrid plane by 2035 as it strives for a low emission aircraft, its chief executive said.
Best And Worst Q4 2019: All Cap Growth ETFs And Mutual Funds
The All Cap Growth style ranks seventh in Q4'19.Based on an aggregation of ratings of 26 ETFs and 545 mutual funds in the All Cap Growth style.TTAC is our top-rated All Cap Growth ETF and NLAFX is our
Crude Oil Price and Forecast: WTI traders take clues from US-China tensions, OPEC+ eyed
WTI has been dropping to the intra-day low of $58.07 by the press time of early Friday in Asia. The energy benchmark seems to have negatively affected
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets.
Daimler could face further recalls in Germany due to diesel cheating: magazine
BERLIN (Reuters) - German luxury carmaker Daimler (DAIGn.DE) could face further recalls related to manipulated diesel engines in some of its compact car models, weekly magazine Der Spiegel said on Friday, without citing sources.
W Resources begins tungsten and tin production at La Parrilla mine
Mining firm W Resources has commenced tungsten and tin concentrate production for sale at its La Parrilla mine located in Spain.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
Wall Street Breakfast: Black Friday In Full Swing
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The biggest shopping weekend of the year is here and 165.3M A
Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?
It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Crypto Exchange Admits 'Missing' CEO Has User Funds Access Amid Exit Scam Fears
In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is.
Tesla Expands Its Australian Megabattery Empire
The world's biggest battery is about to get 50% bigger (and could double again).
Russia's Novak: Would rather take decision on output extension close to April
Russian Energy Minister Alexander Novak said that he favoured OPEC and its non-OPEC allies to make a decision on whether to extend the crude oil produ
1850 telephone calls to cost no more than a local call from Sunday
Comreg’s overhaul of rates comes as survey shows 37% of consumers believe freecall 1800 numbers are charged
SEBI to decide on interim relief to Karvy by Monday: SAT
The Securities and Appellate Tribunal (SAT) has asked SEBI to decide on giving interim relief to Karvy Stock Broking by Monday. SAT has asked SEBI to consider allowing Karvy limited use of power of at
Indian Rupee Billed as "Overvalued" and Set for Declines after GDP Disappointment
British Pound vs Indian Rupee - Latest Exchange Rate News and Forecasts for Converting Pounds to Euros Today
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
The Asset Allocator: Meb Faber - All-Time Highs Are 'Nothing To Be Afraid Of' (Podcast)
ETF manager, author and popular investment blogger Mebane Faber addresses the asset allocation issues of the day. Among our topics in this wide-ranging interview:Faber does not look askance at buy-and
Ghana-Burkina Faso railway progresses steadily - Deputy Minister
news, story, article
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
KPMG’s New Blockchain Network Grants Producers a New Degree of Legitimacy
Consulting and auditing giant KPMG has announced the launch of KPMG Origins: a multi-purpose supply chain network for a wide variety of industries, ranging from food production to financial services for the Asia-Pacific region. Producers today are being held accountable for the sustainability practices they inculcate during the production lifecycle, yet they have no means for proving it. As per Ledger Insight, KPMG Origins seeks to bridge that gap between capability and necessity, November 28, 2019.
Construction of Ajaokuta gas pipeline to begin soon – Buhari
President Muhammadu Buhari said on Friday work would soon commence on the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020.
Gold Technical Analysis: Metal remains under precious below $1465/oz
On the daily chart, gold remains under selling pressure near the November lows while trading below the 1465 resistance level and the 50/100 SMAs
Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation
Vinted, a social marketplace for pre-loved clothing, has taken the spot as Lithuania’s first tech unicorn, after raising a stellar €128 million. The funding round was led by new investor Lightspeed Venture Partners, with participation from existing backers including Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments. Funds will be used to boost product development and rocket rapid growth across Europe.
A blockchain/IoT combo could reduce food fraud by $131B in five years
Blockchain is gaining ground in the supply chain arena, verifying not only the provenance of goods, but enabling suppliers of meats and produce to verify their origins and ensure regulatory rules are met.
China's financial warning signs flashing nearly everywhere as policymakers scramble
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the
Trade surplus shrinks in October
Exports up 11.9% on a month-on-month basis.
Bank of Ghana releases specimen of the new GHC100, GHC200 and GHC2 coin
The Central Bank of Ghana has released specimen of new GHC100, GHC200 Cedi notes and GHC2 coin that is expected to hit the market soon. Governor of the Central Bank, Dr. Ernest Addison at a press conference in Accra on Friday, November 29, 2019, said the new cedi notes will help shore up the value […]
MTAA Super and Tasplan to merge in a $23 billion superannuation deal
The industry superannuation sector will see the arrival of a $23 billion giant with the merger of MTAA Super and Tasplan Super from October 1 2020.
Euro snoozes through sleepiest week since launch 20 years ago
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty
China Mobile International launched first ever global shared service center in Cyberjaya
KUALA LUMPUR: China’s telecommunication giant China Mobile, through its overseas subsidiary China Mobile International (CMI), has officially launched the group’s first ever global shared service senter (SSC) in Cyberjaya marking a new chapter in CMI’s ambitious plan for expansion in to the region.
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
The daily business briefing: November 29, 2019
Black Friday kicks off the holiday shopping season, stocks struggle as Hong Kong tensions dent hopes of a U.S.-China trade deal, and more
Problem with sewer shuts down Wellburn's Market grocery store, barbershop
Wellburn’s Market, a grocery store at Cook and Pandora that's been downtown for more than a century, was forced to close its doors Friday morning after a sewage line problem in the building. . . .
Targeting consumers in a fake world
As brands embrace hyper-personalisation, are they actually improving customer experience or losing the human touch?
Former AIB boss David Duffy pay rises 84% to £3.4m as head of Virgin Money
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know.
Here's the latest news about Goldman Sachs.
Government of Ghana talks about Ghc 100 and Ghc 200 currency notes
The Governor of the Central Bank of Ghana, Dr. Ernest Addison has explained the rationale behind the government’s policy decision to introduc
Jeffree Star Cosmetics is having 2 of its biggest sales of the year for Black Friday and Cyber Monday, Business Insider - Business Insider Singapore
Business Insider - Throughout both sales, customers in the United States can get free domestic shipping on their orders.. Read more at businessinsider.sg
Border Closure: Nigeria short of N338 billion worth of rice
Nigeria has recorded N338.6 billion shortage of rice at the Malaysian price of $421 per tonne as a result of border closure.
Bizongo emerges as the fastest-growing tech company in India
Data science firm TheMathCompany was ranked second and Vadodara-based communication automation solutions firm Phonon was ranked third for the Deloitte Technology Fast 50 India programme
Extinction Rebellion targets Black Friday
Protest draws a crowd outside the JSE
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
Sensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
Russia removes restrictions on two Brazilian beef plants - regulator
MOSCOW, Nov 29 (Reuters) - Russia's agriculture safety watchdog said on Friday it removed temporary restrictions on beef supplies to Russia from two plants in Brazil starting from Nov. 29.One of the plants authorized to resume sales to Russia is operated by Minerva SA and the other one by JBS , the Russian regulator, Rosselkhoznadzor said in a statement.
Oil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
(Reuters) - Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
OPEC oil output falls 110,000 bpd in November to 29.57M bpd – Reuters
Crude oil output by the Organization of the Petroleum Exporting Countries fell 110,000 barrels per day (bpd) in November to 29.57 million bpd, a Reute
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem
A wealth tax could have cut Jeff Bezos’ fortune in half and made Bill Gates $US61 billion less rich, but it might not do anything to make the economy feel more fair to the middle class, Bloomberg columnist Noah Smith argued in a recent column.
NPCI enhances UPI 2.0, allows customers to make recurring payments
NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology
Ajaokuta-Kaduna-Kano gas pipeline construction to commence soon – Buhari
Nigeria President Muhammadu Buhari on Friday Friday said the government will soon begin the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline to move gas from the Southern part of the country to the North. The Nigerian president made the disclosure while addressing the 5th Gas Exporting Countries Forum (GECF) Summit at the Sipopo International Conference […]
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr
After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement
Government reviews stamp duty charge
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
Overstock Shareholders Compete to Lead Class Against tZERO’s Parent
E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action
Core sector output for October contracts further to 5.8 per cent
The index was dragged down by electricity which reported a de-growth of 12.4% vs -3.7% in Sept.
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 29): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).This was despite its revenue contracting 25.6% on year to RM110.18 million during the quarter under review from RM148.18 million in 3QFY18, due to the completion of its 49 megawatt (mW) solar photovolatic energy plant at Sungai Siput, Perak in November 2018, and the slow progress
Energy reduction for town planning
Hot Property: Black or dark roofs may be a fashion statement but draw and retain a huge heat load from the sun.
House of the week: Cork city house has been a life-saver for ARC Cancer Support
A CORK city house that has been a life-saving, holistic home-from-home for many hundreds of persons given cancer diagnoses now looks set to return to private, family accommodation and ‘domestic service’ once more.
Oil mixed amid slow holiday trade before Opec+ meeting
West Texas Intermediate (WTI) futures were up 4 cents, or 0.1 per cent, at $58.15 a barrel.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
North Vancouver’s 1960s Capilano Mall plans for redevelopment
The managers of Capilano Mall are planning for redevelopment of the 1960s-era mall.
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
Help for low income families in Ingol over Christmas, with Whitby's Local Pantry
Residents in Ingol who are struggling to afford food in the run up to Christmas can attend a community pantry to stock up on supplies.
Water master plan to guard against drought in South Africa
SA's water master plan outlines a series of urgent steps to be taken and implemented in order to address systematic and infrastructural challenges.
Brexit Britain’s big talk on space fails to fly
European aerospace firms get in work contracts as much as their governments fund the European Space Agency, but the UK lags behind.
Russia Reportedly Considers Ban on Using Crypto as Means of Payment
Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
news, story, article
Wary of China, Germany plans rapid state intervention to protect key industries
BERLIN (Reuters) - Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
Ringgit ends slightly lower against US dollar
KUALA LUMPUR, Nov 29 — The ringgit ended slightly lower against the US dollar today in line the decline in global crude oil prices which affected the local note’s valuation, said a dealer. At 6pm, the ringgit settled at 4.1750/1780 against the greenback compared with yesterday’s close of...
Statistics Canada reports pace of economic growth slowed in third quarter
Statistics Canada says the pace of economic growth in Canada slowed in the third quarter.
EXCLUSIVE: Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghv100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation and the perennial depreciation of the currency have eroded, in real terms, the face value of the series of the notes” forced government to take the decision. He explained that a lot of thinking and consultations took place. A lot “thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions. We need banknotes and coins that are convenient for most people to use, high quality, secure and cost effective.” He added. A promotional release by BoG read in part:
GAIL Gas launches payment options for PNG connections in Mangaluru
GAIL Gas Ltd, which has been authorised to implement City Gas Distribution (CGD) project in Dakshina Kannada district, has introduced three payment options for getting domestic PNG (piped natural gas)
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
Lukoil: Solid Q3 Results Ensure High Yields
Lukoil performed better than expected in Q3 2019.I expect Lukoil to generate strong FCF in the medium term.Lukoil is one of the best quality stocks in the Russian stock market.
Don’t buy the hype about a looming bacon shortage
Some reports have indicated that there could be a bacon shortage in 2020, but one economist isn't convinced you need to freak out about your breakfast fave.
Despite growth in govt expenditure, GDP slowdown continues
The economic activities which registered growth of over 4.3 per cent in Q2 of 2019/20 over Q2 of 2018/19 are 'Trade, Hotels, Transport, Communication and Services related to Broadcasting' 'Financial, Real Estate and Professional Services' and 'Public Administration, Defence and other services'
HCL Foundation invests more than Rs 160 crore in community projects in UP
UP accounts for 2/3rd of the Foundation's activity spend
Ford SA slapped with R35 million fine for Kuga debacle
Consumers will now be compensated for damages they may have suffered following the 2017 recalls of Ford Kuga 1.6 EcoBoost.This emerged at the National Consumer Commission's media briefing on the outcomes of its investigation into the matter in Pretoria on Friday.Ford made headlines in 2017 afte
Russia removes restrictions on two Brazilian beef plants - regulator
MOSCOW — Russia’s agriculture safety watchdog said on Friday it removed temporary restrictions on beef supplies to Russia from two plants in Brazil starting from Nov.
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Taco Bell accelerates rollout despite Mexican stand-off
Fast-food giant Collins Foods will open its first Victorian Taco Bell restaurants in Hawthorn and South Yarra.
Las Vegas shoppers hitting stores early on Black Friday
The Retail Association of Nevada estimates roughly 1.65 million adults in the state will be shopping over the five-day Thanksgiving weekend and Cyber Monday.
Global startups further expand Turkish software exports
Many global startups based in Turkey and operating in sectors as varied as cybersecurity, gaming, entertainment, health and financial technology, are making a marked contribution to the country's exports and the nurturing of well-trained human resources
Academic Conference: World Symposium on Investment Research
It is an annual event taking place on the first Sunday and Monday of May in some financial centers around the globe.
Centum Group half-year profit quadruples
The income was realised mainly as a result of net gains on disposal of three companies.
KSE-100 index crosses 39,000 points to 9-month high
KSE-100 index crosses 39,000 points to 9-month high.
Eurozone inflation firms but still below central bank goal
BRUSSELS — Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
Switzerland Acts to Improve DLT/Blockchain Ecosystem with Improved Legal Certainty, Crypto Valley Association Welcomes the Move
The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (
India’s Fiscal Deficit In October At 102.4% Of 2019-20 Target
The gap between the government’s revenue and expenditure rose to Rs 7.20 lakh crore as of October.
Report: TikTok Continues Trying to Distance Itself from Chinese Ownership | Breitbart
A new report alleges that Chinese firm ByteDance Studios is making efforts to distance its TikTok app from its other Chinese operations amid a probe by U.S. authorities.
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit, Business Insider - Business Insider Singapore
Business Insider - The prime minister announced that he would remove EU rules preventing the government from awarding contracts to UK-based businesses.. Read more at businessinsider.sg
4th Annual Private Wealth Switzerland Forum
The 4th Annual Private Wealth Switzerland Forum–Zurich brings together more than 250 attendees including 150 leading high-net-worth capital allocators from Switzerland and beyond.
Telkom walks away after Cell C rejects offer
Telkom has withdrawn a cautionary notice to shareholders about its proposed acquisition of Cell C after the board of the mobile operator spurned its approaches.
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Buffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
Inspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020
A startup that's friendly to both the environment and your wallet is two steps away from a $1 million prize. Renewable-energy company Looop Inc., which
Zurich Airport Wins Multi-Billion Contract to Build Delhi's Third Airport - Official
New Delhi (Sputnik): This is the first major success for the Switzerland-based company Zurich Airport International, as it has received setbacks five times in this year. Adani enterprises won bids to operate five major international airports in all those cases.
Canada: Economy grew at annualized rate of 1.3% in Q3 vs. 1.2% expected
The Canadian economy expanded 1.3% on a yearly basis in the third quarter supported by higher household spending and business investment, the data pub
Lufthansa: German airline not open to Qatar investment
DUBAI: Saudi Arabian and international investors have subscribed to the initial public offering of Saudi Aramco in huge numbers, with demand for shares in the world’s most profitable company exceeding the number of shares on offer. Financial advisers to the biggest IPO in history announced that bids to the value of $44.3bn (166.275bn riyals) have been received in total from
Turkish financial sector buys 85.05% stake in JCR Eurasia
Turkey's leading banking and financial institutions inked a deal to buy 85.05% of credit rating agency JCR Eurasia, Turkey's banking association said on...
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
E.ON SE (ENAKF) CEO Johannes Teyssen on Q3 2019 Results - Earnings Call Transcript
E.ON SE (OTCPK:ENAKF) Q3 2019 Earnings Conference Call November 29, 2019 03:30 AM ET Company Participants Carsten Thomsen-Bendixen - Interim Head of Communications and Political Affairs Group Spokesma
DHFL: RBI initiates corporate insolvency resolution process
The Reserve Bank of India (RBI) on Friday filed an application for initiation of corporate insolvency resolution process against the financially stressed Dewan Housing Finance Corporation Ltd (DHFL) u
Euro-Area Inflation Quickens, But Remains Far Below ECB's Goal
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast.
Sewage break shuts down Wellburn's Market grocery store, barbershop
Wellburn’s Market, a grocery store at Cook and Pandora downtown for more than a century, was forced to close its doors Friday morning after a sewage main problem in the building. Customers were . . .
More than half of EU consumers have environmental impact in mind when shopping
Today the European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU; that consumers are more aware about their environmental footprint; and that consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, […]
Why We Should All Care About the Return of Toys "R" Us
Toys "R" Us, the venerable retailer that liquidated all of its stores last year, is having another go at it. Here's why we should pay attention.
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
Domestic multi-role T70 utility helicopter to begin test flights in 2020
The Turkish-built T-70 multi-role utility helicopter will begin test flights next year, Turkish Aerospace Industry (TUSAŞ/TAI) Deputy General Manager Kemal...
As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax
BRUSSELS (Reuters) - Officials from the new European Commission will discuss an International Monetary Fund study that lists Luxembourg as a world-leading tax haven just days after the former leader of the Grand Duchy departs the EU executive’s helm.
Solar-powered equipment for blacksmith inaugurated
SivagangaA solar-powered blower, hammer and an angle grinder for blacksmiths were inaugurated by R. Sundararajan, Assistant General Manager, Canara Bank, along with Mohan Bhaskar Hedge, Chief Executiv
Demand for Certified Energy Advisors powers success for OC alumnus - Campus Life
Okanagan College Media Release
Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Renault-Nissan to reboot alliance with new overseer
PARIS (Reuters) - Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
Supermax is optimistic on FY2020
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
Niall McGarry steps down as Irish chief of Maximum Media
Founder of Maximum Media, Niall McGarry has stepped down from his executive role within the Irish branch of the company over controversies
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
The Dark History Behind Black Friday Revealed
History Behind Black Friday -The retail bonanza known as Black Friday is now an integral part of many Thanksgiving celebrations.
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
Intel Blames Qualcomm Bullying And Anticompetitive Practices For Modem Exit
Today, we're learning that Intel is placing direct blame on Qualcomm for its modem development problems which resulted in its unplanned sale. In
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem, Business Insider - Business Insider Singapore
Business Insider - captionDemocratic presidential candidate, Sen. Elizabeth Warren (D-MA) speaks to her supporters after officially filing to be on the ballot for the New Hampshire state primary at the State House on…. Read more at businessinsider.sg
Social Innovation Ireland Fund boosts its board
Ailbhe Keane, founder and creative director of Izzy Wheels, has also joined the the fund board.
Huawei will appeal exclusion from US network rollout
US operators will be required to strip out Huawei kit as part of $8.5 programme.
Tracking David Abrams' Abrams Capital Management Portfolio - Q3 2019 Update
David Abrams' 13F portfolio value decreased this quarter from $3.68B to $3.57B. The number of positions increased from 19 to 20.Abrams Capital Management added Altaba while increasing Teva Pharmaceuti
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
Sebi imposes Rs 2 lakh fine on Unitech for violating Listing Agreement
It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008.
Investors Eyeing Tech and (Astro)Turf Too
Private equity and tech titans are shelling out big bucks to grab ownership stakes in sports franchises to make even bigger bucks on the global playing field.
SON destroys over 5,000 substandard gas cylinders worth N51.3m
The Standard Organisation of Nigeria (SON) on Friday destroyed over 5,000 substandard Liquefied Petroleum Gas (LPG) cylinders worth N51.3 million.
Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October.
Intel Has Tapped Samsung Foundries To Manufacture CPUs [Debunked]
Update 12:49 AM GMT+5 11/30/2019. Intel has commented on the story and debunked the rumor from the Korean publication completely. Here is their statement in full: "The letter from last week says we will increase our use of foundry so we can build more CPUs at Intel. The news reports about our use of third …
Mercedes-Benz Parent Company Daimler To Cut Thousands of Jobs
Daimler says it plans to cut thousands of jobs by the end of 2022, not filling some vacant posts and offering severance packages in Germany.
DTI gives equipment to 5 Bataan coops
BALANGA City, Bataan -- The Department of Trade and Industry (DTI) awarded on Thursday food processing equipment to five cooperatives in Bataan.
Daimler to cut ‘thousands’ of jobs by 2022 to fund electric shift
Frankfurt am Main, Germany | AFP | Luxury automaker Daimler on Friday said it was scrapping “thousands” of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs as …
Millions of Kenyans to get access to digital post boxes | IOL News
Mobile network operator Safaricom and the Postal Corporation of Kenya on Friday announced a partnership to roll out digital ...
USD/CNH: scope for extra consolidation near-term – UOB
FX Strategists at UOB Group believe the pair is posed for the continuation of the consolidative mood in the next weeks. Key Quotes 24-hour view: “USD
AUD/USD loses recovery momentum ahead of 0.6800, trades around 0.6780
The AUD/USD pair continued to push lower during the Asian trading hours on Friday and touched its worst level since mid-October at 0.6762 but staged a
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday
TOKYO (Reuters) - Japan’s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.
Bokio, the Swedish startup simplifying accountancy with AI, raises €4 million round led by Creandum
Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4 million.
Batch of Sriracha Hot Chili Sauce urgently recalled due to 'exploding bottle'
Customers have been warned that the exploding chili sauce could irritate the skin or eyes
Audi's Bold EV Future Comes At A Sacrifice
Investing in something as big as electric vehicles including the infrastructure, technology, and plant re-t...
Germany's Daimler to cut 'thousands' of jobs over 3 years
Daimler says it plans to cut thousands of jobs worldwide by the end of 2022. The German automaker says it plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Christmas bonus for Carrick-on-Suir Credit Union members
Carrick-on-Suir Credit Union Ltd is reporting a strong 2019. The credit union has provided €5.8 million in loans to the local community over the past year. Membership has grown and it now h...
Black Friday evolves but still marks start of holiday shopping season
The holiday shopping season kicks off on Friday with traditional Black Friday sales, though many retailers got a jump on the competition by getting started with deep discounts on Thanksgiving Day, and analysts forecast data to show that online shoppers spent a record $4 billion on Thanksgiving, MarketWatch reports. The total had already reached $2.1 billion as of 5 p.m. Thursday, a 20.2 percent increase compared to the same point last year. Demand was so high on Thursday that Costco's website and app were briefly hampered by heavy traffic, USA Today reports. Black Friday is continuing to evolve, as many stores try to snag a bigger share of holiday sales by cutting prices days or even weeks before what used to be a one-day shopping frenzy. Shoppers are expected to spend up to $731 billion in November and December, roughly 4 percent more than in the same period last year. Harold Maass
Italy: Annual GDP in Q3 grew 0.3% as expected
The Gross Domestic Product (GDP) in Italy expanded by 0.1% on a quarterly basis in the third quarter and came in at 0.3% on a yearly basis with both r
Fintech start-up Slice aims 1 million users in tier-II cities by next year
Focussing on millennials between 18 to 29 years of age, Slice started out as a virtual card, but switched to physical card by May 2019
US shoppers stay away from stores, spend online as Black Friday begins
NEW YORK, Nov 29 — US consumers splurged more than US$2 billion online in the first hours of Thanksgiving shopping today, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores. Early discounts offered...
Adani group shares rally up to 13% as CCI approves Total Group's 37.4% stake buy
Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas
China's true economic growth could be half of what everyone thinks, Business Insider - Business Insider Singapore
Business Insider - GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.. Read more at businessinsider.sg
Coinbase Denies Reports on Takeover of Prime Broker Tagomi
Coinbase has acquired Tagomi, a US-based prime broker that specializes in trade execution and digital asset markets for $150 million
AfDB approves $210m to boost electricity transmission in Nigeria
The African Development Bank (AfDB) has approved $210 million to boost electricity transmission in Nigeria. In a statement on Thursday, Ndidi Mbah, general manager of public affairs at the Transmission
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
Cree's CEO Talks About His Firm's Big 5G and Electric Car Opportunities
During a talk with TheStreet, Cree CEO Gregg Lowe shared plenty of details about the growth opportunities in front of his firm's Wolfspeed power semiconductor and materials unit.
Armagh tile solutions company create 20 new jobs in Dublin with €3m investment
Armatile announced plans to create 20 new jobs and invest €3m in a new luxury showroom and design hub in Dublin.
USD/INR Technical Analysis: Eases from weekly tops, up little around 71.60 region
The USD/INR cross built on the previous session's recovery move from near three-week lows and gained some follow-through traction on the last trading
Moodwork, Parisian startup improving employee wellbeing, raises €2 million to conquer Europe
Moodwork, the French startup improving employee wellbeing, has completed a round of €2 million, led by Newfund, an investment fund specializing in seed. The funding will allow Moodwork to reach companies across the whole of Europe and tackle new sectors.
The Purpose Of A Business
Is the purpose of a business just to make money?
Renault-Nissan-Mitsubishi to appoint General Secretary for alliance
Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost ...
Nationwide Christmas tree shortage looming
It may be Thanksgiving, but savvy shoppers are already planning their Christmas tree shopping with a nationwide shortage looming.
NatWest and RBS down, infuriating Black Friday online shoppers
With Black Friday sales underway, bargain-hunting customers of RBS and NatWest have been frustrated by a spate of online and mobile crashes disabling access to accounts.
Black Friday frenzy goes global - and not everyone’s happy
PARIS — People don’t celebrate Thanksgiving in France, or Denmark, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it’s prompting a backlash from some activists, politicians and even consumers. Workers at Amazon in Germany …
India’s GDP growth slips to 4.5%, slowest in more than six years
The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
PHOTOS: Dyson's new global HQ is in one of Singapore's most historic sites - see how St James Power Station evolved over the last 92 years, Business Insider - Business Insider Singapore
Business Insider - The 92-year old building has gone from a simple power station to being abandoned, and then becoming one of Singapore's largest nightlife hubs.. Read more at businessinsider.sg
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know., Business Insider - Business Insider Singapore
Business Insider - Here's the latest news about Goldman Sachs.. Read more at businessinsider.sg
Again, a Xiaomi phone reportedly goes up in flames, this time a Redmi Note 7 Pro - Gizmochina
A Redmi Note 7 Pro model has reportedly gone up in flames in China. Song Yujie, a citizen of Zhoukou, Henan Province logged a report on November 27 that the Redmi Note 7 Pro that he had purchased for his father and used for more than 3 months was “spontaneously ignited” while in use. The …
Briefly on farming and agribusiness
From around the country, a collection of brief news on developments in farming and agribusiness
Lisa Clements, Head of Acquisitions at Sky TV to step down
Lisa Clements, Head of Acquisitions: Entertainment and Movies at Sky New Zealand will be stepping down from her role after 12 years at the company. She will be moving into a position as Strategic Deal and International Content Advisor for Sky until the end of March 2020.
Equities Slip While Investors Mark Time
The eurozone reported its preliminary estimate for November CPI rose more than expected.Germany surprised by a decline in November unemployment queues, which slimmed by 16k.The euro is stuck near its
Eurozone inflation firms but still below central bank goal
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Forex reserve hits fresh record high of $449 billion
In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Malaysians can now use MyDebit ATM cards at some shops in Singapore
Cross-border payments between Singapore and Malaysia just got a huge boost, after the Republic’s NETS and Malaysia’s PayNet announced that their payment terminals can now accept each other’s cards.
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
Huawei plans legal challenge to latest US pressure: Report
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund. It also proposed that other service providers be required to cancel or replace existing services and equipment from the companies. Huawei plans to file a lawsuit in the United States next week.
PIMCO Enhanced Short Maturity Active ETF: A 'Better Than Cash' Alternative
MINT is a low-risk bond-based exchange-traded fund with a focus on capital preservation and liquidity while offering yields above Treasuries through a monthly dividend.Actively managed strategy is uni
Will Smith posted a video of an actual turkey blocking his car on the highway on Thanksgiving: 'My dude, get out the street!', Business Insider - Business Insider Singapore
Business Insider - "It definitely must be Thanksgiving when you got a damn turkey in the road," Smith says as he approaches the bird on the freeway.. Read more at businessinsider.sg
Daimler to ax at least 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. It marks the third announcement on cost cuts this week by a major German car company as
Bottles of hot sauce recalled over 'risk of explosion'
Customers are advised to immediately return the sauce.
Most SE Asian stocks slip as Sino-US tensions over Hong Kong continue to weigh
(Nov 29): Most Southeast Asian markets dropped on Friday, hurt by worries that a US law backing protesters in Chinese-ruled Hong Kong could disrupt ongoing trade negotiations, as the two countries try to strike a deal to diffuse a 16-month long trade war.All eyes were trained on China, which on Thursday warned of retaliation after US President Donald Trump signed legislation that, among other things, threatened sanctions for human rights violations in Hong Kong."Market will continue to wait for
Minister introduces legislation to extend minimum expiry period of gift vouchers
Minister for Business, Enterprise and Innovation Heather Humphreys is to bring in new rules around the sale and use of gift vouchers to improve consumer rights in the area.
Watch: Daniel Ricciardo suffers oil leak in FP1 of Abu Dhabi GP!
Daniel Ricciardo was on a hot lap with just 30 minutes remaining of the first free practice session of the Abu Dhabi Grand Prix weekend, his car suffered a mini explosion with a suspected oil leak. The Aussie driver does not know the impact this will have on Renault's weekend just yet. The session was haulted due to a red flag.
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Textile parks grow at snail's pace; only 22 out of 59 projects completed so far
Scheme for Integrated Textile Parks (SITP) provides support for creating good textile infrastructure, with the government granting up to 40 per cent of the project cost
Mediacorp remains best radio network in Singapore: Nielsen survey
SINGAPORE: Mediacorp remains the number one radio network in Singapore, according to the results of the latest Nielsen Radio Diary Survey released ...
Why Call of Duty: WWII developer Sledgehammer is expanding to Australia
Sledgehammer Games plans on expanding its Melbourne team to 30 people by the end of the year.
HSBC and Santander brought to book over text alert failure
HSBC and Santander are to refund millions of pounds to customer who incurred overdraft fees after the banks broke rules on sending text alerts to customers to warn them they were about to go into the red.
Alta Fox Opportunities Fund, L.P. Q3 2019 Quarterly Letter
Alta Fox Capital is a long/short hedge fund.In Q3 2019, the fund decreased 2.21% gross and 2.10% net.This compared favorably to the -2.40% return for the Russell 2000 and -5.4% return for the Russell
Timeline: Twists and turns in Mediaset vs Vivendi TV drama
(Reuters) - Italian broadcaster Mediaset (MS.MI) and shareholder Vivendi (VIV.PA) were negotiating on Friday to find a way to end a three-year legal battle after all-night talks failed to produce a breakthrough, sources said.
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
Sugar companies' profit set to rise on firmer prices
The profit of sugar companies is expected to improve with prices firming up on the back of lower sugar production. Domestic sugar production for sugar season started in October was revised downwards
Canada: GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Commenting on Friday's Gross Domestic Report from Canada, "GDP growth was in line with market expectations, with the Canadian economy growing 1.3% (an
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Over the past five years, PSX has not only outperformed the broad energy sector, but has also beaten the S&P 500.Still, the company's P/E is less than half that of the broad S&P 500, while the dividen
AUD/USD slumps to fresh multi-week highs near 0.6760 on broad USD strength
After rebounding to 0.6780 area during the European trading hours, the AUD/USD pair lost its traction in the last hour pressured by the broad-based US
Air Serbia to launch flights from Istanbul Airport in December
Air Serbia has decided to resume flights from Istanbul on Dec. 11 after nearly a two-year break since March 14, 2017. According to a statement released...
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead
The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the
Menang Corp posts loss in 1Q due to land clearing and earthworks expenses, corporate exercises
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.It reported a loss per share of 0.1 sen compared with earnings per share of 0.2 sen last year.Quarterly revenue declined
Australia a 'treasure island' for medical device giants: ex-hospital boss
The former boss of Australia's second largest private hospital operator has backed health insurers' claims they are being gouged by medical device manufacturers.
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
Intel calls for aid manufacturing CPUs… and Samsung answers
Any excuse for a Lord of the Rings reference...
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
Ibrahim Abdul Majid appointed as new CEO of Boustead Plantations
KUALA LUMPUR (Nov 29): Boustead Plantations Bhd today announced the appointment of Ibrahim Abdul Majid as its new chief executive officer (CEO), effective Dec 1.Ibrahim, 60, will take over from Mohamad Azlan Jaafar, who is standing in as acting CEO and will resume his responsibilities as deputy CEO.In a statement today, the group said Ibrahim has an extensive career in the palm oil industry, bringing with him 40 years of experience.He started his career with Sime Darby in 1979
Mayo firm a winner in InterTradeIreland Seedcorn competition
A MAYO firm was one of the main winners at the prestigious InterTradeIreland Seedcorn Investor Readiness Competition final, held at the Guinness Storehouse in Dublin.
CEO of Crypto Exchange IDAX Global Disappears, Experiences “Impeded Withdrawals”
An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing "channel c
Sasol scores ‘own goal’ as climate pressure mounts in SA
Company could face legal challenges if it continues to refuse votes on the issue.
Odisha's investments in PSUs yield poor returns, says CAG report
Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation
USD/CAD edges back closer to 1.3300 handle, focus shifts to Canadian GDP
The USD/CAD pair edged higher during the early European session on Friday, with bulls making a fresh attempt to reclaim and build on the momentum beyo
South Korea cuts growth forecast to lowest in decade
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a ...
SECA Evening Event: Venture capital for family offices, insurance firms and pension funds
This event is aimed at managers and decision-makers from the investment sector of Swiss family offices, insurance firms and pension funds.
How do economists predict GDP figures? These indicators help
GDP Q2: One of the reasons why economists are fairly sure about the outcome of the GDP estimates is that key components of the GDP have not been showing positive trends
In a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
Buhari Administration Committed to Growth of MSMEs — Adebayo
Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, has declared that “Nigeria is open for business!” Vanguard News
The dark side of Black Friday: Counting the real cost of deals and bargains
It's great for consumers, but Planet Earth and High Street businesses could pay a heavy toll for our greed.
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditions.
Renault and Nissan Try a New Way After Years When Carlos Ghosn Ruled
The automakers want to strengthen their alliance with more decisions built on consensus.
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
SCHOTT Glass to double capacity at Jambusar plant in Gujarat
Commits to infuse Euro 26 million by next year
Sensex hits 19 fresh highs in November, gains 665 points
The announcement of corporate tax reduction in the last week of September provided the much-needed trigger that lifted the market by around 4 per cent during the month and a little over 7 per cent till date
Govt accounts show strong debt position
Hon Grant Robertson
French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the record 1.1 million premises passed in the previous quarter. Overall, 16.7 million premises had access to FTTP services, up 34 percent year-on-year, said regulator Arcep in its latest fixed broadband report.
Juncker: The Blocking of Negotiations with Northern Macedonia and Albania Is Shameful
Jean-Claude Juncker, the head of the European Commission, wrote a daily editorial on Politico on his last business day, according to BGNES. In it, Juncker takes a backward glance at the weaknesses and successes of his five-year term as head of the European executive branch.
Minister urges Japanese investors to leverage Malaysia’s digital transformation push
KOBE (Japan), Nov 29 — International Trade and Industry Minister Datuk Darell Leiking is calling for Japanese investors to leverage on Malaysia’s push for digital transformation. He said Malaysia was committed to undertaking the digital transformation efforts, among others, through the National...
Tenants want better in Auckland metropolitan office market
Colliers International Research’s latest annual review of the Auckland metropolitan office market shows a busy year of activity with ongoing occupier demand for higher quality spaces leading to the construction of new buildings and refurbishment of existing premises.
We commit to uninterrupted power supply - GRIDCo Chairman
news, story, article
Bitcoin (BTC) Futures Markets Hit $5B Daily Volume
The Bitcoin (BTC) market has evolved to include the simplest kind of derivative financial products - futures contracts. Those markets now reach $5 billion
Retailer Quiz to update ahead of festive sales period
Glasgow-based fast fashion chain Quiz will update on current trading ahead of the key festive period when it reports interim figures next week.
Japan: Nintendo issues apology for Ring Fit Adventure shortages
Japanese consumers have been lapping up Ring Fit Adventure on the Nintendo Switch and subsequently there have been severe stock shortages of the fitness title. Nintendo told its followers on Twitte…
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
China seeks greater LNG cooperation with Qatar: Ambassador
China, the world’s largest LNG consumer, is seeking to expand its LNG cooperation with Qatar, the world’s largest LNG producer, which has just recently announced its plans to further increase its LNG production capacity by 64 percent to 126 million tonnes per annum (mtpa) from the current 77mtpa by 2027.
No question of closing down Integral Coach Factory, says Piyush Goyal
Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
Why Bailouts Are The Solution For Companies That Are Too Big To Fail
Ideal regulators may reduce the necessity of a bailout; but they may still be required in times of extreme duress.
Canada’s economy slowed in third quarter
OTTAWA, Nov 29 — Canada’s economy put on the brakes in the third quarter sending growth falling to 1.3 per cent, or almost one-third of the previous three months’ GDP, the government statistical agency said today. Statistics Canada blamed a drop in exports for the slowdown, noting that it was...
Better Buy: Square vs. American Express
A case of the turtle and the hare?
Humana: Patience Will Likely Achieve A Lower Buy Price
The only way an investor can realize a return from an investment in shares is through receipt of dividends and gains on share sales. I repeat - the only way.The best way to make a gain on sale of shar
Chinese investments in Malaysia halve, U.S inflow soars
Chinese investments into Malaysia halved to $1.7 billion in the first nine months of the year from a year ago, though U.S. investments soared seven times to $5.9 billion - reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the Malaysian Investment Development
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Why Bitcoin Price May Soon Jump 15% to $8,500: Trader Who Foresaw Decline to $6,600
It may have been Thanksgiving on Thursday, but Bitcoin (BTC) held its ground, managing to make a number of key time frame closes above the key $7,400
Amazon workers stage strike on Black Friday
BERLIN (AP) - Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Forex kitty continues to move up, closes in $449 billion mark
India Business News: Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22
Most Read articles – Panasonic exit, Intel Connectivity, RISC-V relocation
Time once again to see what are the five most popular articles on ElectronicsWeekly.com that were written in the last week, according to the objective truth of Google Analytics. See what your peers have been reading recently.
The Premier League's incoming chief executive David Pemsel has withdrawn from the role
The incoming chief executive of the Premier League David Pemsel has withdrawn from the role following tabloid reports about his [...]
ECB Board nominee Panetta calls for an accommodative monetary policy
Inflation outlook seems to fall short of the European Central Bank's (ECB) Governing Council’s inflation aim of below but close to 2%, noted Fabio Pan
Spurt in wheat sowing pushes rabi area to 338 lakh hectares
Pulses acreage falls with dip in area under gram cultivation
Amazon tax must be delayed in light of service shutdowns
The New Zealand Taxpayers’ Union is calling on the Government to delay the introduction of the ‘Amazon tax’ in light of reports Amazon will withdraw its international websites while it processes how to comply with new GST rules, says the New Zealand Taxpayers’ Union.
How smartphones can verify your identity
Anyone who wants to open a bank account or buy a mobile phone plan has to identify themselves to the respective service provider. The ETH spin-off PXL Vision has a simpler solution: just use an ID scan ...
Domestic traffic for Air Passengers rises by 12pc – KCAA
NAIROBI, Kenya, Oct 29-The Kenya Civil Aviation Authority says there is an increase in passenger traffic at the Jomo Kenyatta International Airport with 12 per cent growth in domestic passengers and 7.6 per cent in
NatWest online glitch resolved
One man tells of difficulty paying for a prescription, while Black Friday shoppers are also hit.
The Power of Green Public Finance
Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels. Climate change is the top political issue of our time. Scientists estimate that if we remain on our current path, we will experience global warming of 3-4°C by the end of the century, at which point large portions of the planet will be uninhabitable.
Opec November oil output slips before Aramco IPO, policy meeting
LONDON, Nov 29 — Opec oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found. On average, the 14-member...
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
More pain for German car industry as Daimler axes 10,000 jobs
Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.
Future of big name Burton store in the balance
It could be saved by another high street name
India GDP growth: a six-and-a-half-year low – ANZ
Analysts at Australia and New Zealand Banking Group (ANZ) offered their take on Friday's release of Indian GDP report, which showed a further decelera
Canalside apartment proposal given green light
Work to build more than 70 new canal-side apartments on derelict Walsall land could start as soon as January after plans were given the green light.
Most fund managers since 2011 see South Africa equities as cheap
More fund managers also see local bonds as undervalued, survey shows.
Dangote Sugar Refinery: Revenue recovers but cost pressures remain
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
IOB elevates Bhuwan Chandra as CFO
Public sector Indian Overseas Bank has announced the elevation of Bhuwan Chandra as its Chief Financial Officer with effect from December 1. Chandra succeeds Radha Venkatakrishnan who is superannuatin
Swedish brand H&M tests clothing rental service
Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. Consumers can rent garments for 350 kronor ($37) a week i
TSB Graciously Makes Way for 82 New Branches of Greggs
A couple of traditional grim pre-Christmas job scythings are underway at the moment, with staff of the TSB bank and workers at energy supplier Npower currently expecting to receive a nice card from the boss containing a hand-drawn sad-face emoticon wearing a Santa hat and a P45.
BMW Builds a Plant for Electric Cars in China
Luxury German carmaker BMW on Friday said it would build fully electric models of its Mini cars at a new plant in China, as it kicked off a joint venture with Chinese partner Great Wall Motor. About 160,000 vehicles are are set to roll off the assembly line at the planned factory in the city of Zhangjiagang in Jiangsu province, Tech Xplore reported.
FPA Crescent Fund Q3 2019 Commentary
The Fund seeks to generate equity-like returns over the long term, take less risk than the market and avoid permanent impairment of capital. We invest across capital structure, geographies, sectors.FP
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
US Dollar Index clinches 6-week highs beyond 98.50
DXY moves beyond the 98.50 level. The index records fresh multi-week highs. US 10-year yields climb to highs near 1.78%. The greenback, in terms of t
US redwood sequoia company wins approval
A US company wanting to grow giant redwood trees here to sell the lumber back home has won the right to buy another 4000ha in New Zealand. Tough restrictions on cutting down Redwood, or Sequoia, in the US means people cannot get enough of it to use as a building material. The wood is especially popular for things like decking and outdoor furniture, as it is admired as both attractive and robust. To meet the need, the Soper Wheeler Company of California set up the New Zealand Redwood Company in Taupō in 2001. New Zealand's moist climate allows higher growth rates for Sequoia than in California.
GRAINS-Chicago soybean prices slip as U.S.-China tensions grow
* U.S.-China talks shift to Shanghai this week* Wheat underpinned by declining outlook for Russia's crop* No deliveries against CBOT December wheat or corn contracts (Recasts with U.S. trading, adds quotes, updates prices, changes dateline from LONDON)By P.J. HuffstutterCHICAGO, Nov 29 (Reuters) - Chicago soybean futures slipped on Friday with the market closely watching for updates on U.S.-China trade talks, and traders less than impressed with a jump in recent soybean export sales between the two countries.
BARMM to benefit from intensified trade in BIMP-EAGA
COTABATO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will benefit mainly from intensified trade between the Philippines and its counterparts in Malaysia, Brunei, and Indonesia under the 25-year old Brunei Darussalam Indonesia Malaysia Philippines East ASEAN Growth Area (BIMP-EAGA) corridor.
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
The Bitcoin Man Acquires FortuneZ, Appoints Sydney Ifergan as COO
Herbert Rafael Sim, popularly known as The Bitcoin Man, has acquired crypto-focused business publication company FortuneZ for a sum of $2,500,000.
Buffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
UK Black Friday transactions jump 12.5pc versus 2018, says Barclaycard
LONDON, Nov 29 — The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5 per cent versus last year, initial data from Barclaycard showed today, bringing some cheer to UK retailers in need of a tonic after a troubled year. Barclaycard, which processes nearly one pound...
$993 Million multipurpose Pwalugu dam to be completed by March 2021
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by March 2021 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifteen (months).
Biz EOD: GDP growth slows down to 4.5%; RBI may cut repo rate; Fiscal deficit of 3.9% realistic, says Uday Kotak
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report
German Amazon workers strike on 'Black Friday'
More than 2,000 Amazon workers in Germany walked off the job as the US online retailer kicked off its
PwC probe finds executives at Tongaat overstated profits, assets
Executives used 'undesirable accounting practices'.
Twitter CEO Jack Dorsey Confirms Relocation To Africa In 2020
The co-founder and CEO of microblogging platform, Twitter, Jack Dorsey, says he would be relocating to Africa for a momentary stay in 2020.
Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem
The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]
AstraZeneca's Imfinzi gets FDA priority review for small cell lung cancer
British drugmaker AstraZeneca Plc said on Friday its cancer drug Imfinzi has been granted a speedy review by the U.S. Food and Drug Administration ...
Black Friday 'ruined' by NatWest banking outage, customers complain, after it leaves them unable to access accounts
Black Friday was "ruined" by a Natwest banking outage, customers have complained after being unable to access their bank accounts.
Ola restructuring biz over IPO to cost 250 jobs: Report
The spokesperson added that the restructuring is aimed at becoming "more nimble and have a sharper focus on growth and profitability".
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
Eurozone inflation jumps more than expected in November – ING
The increase in both headline and core inflation was driven by strong growth in services prices. Still, don't assume this has implications for the Eur
Gold rallies Rs 143 to Rs 38,695 on rupee depreciation, positive trend
On Thursday, gold prices closed at Rs 38,552 per 10 gram
TymeBank already eyeing next million customers
After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.
Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
Wettest monsoon in 25 years could lift 2020 wheat output to a record high
India received monsoon rains during the June-September season that were 10 per cent above average
Patanjali secures Rs 3,200 cr loan from SBI, other banks to buy Ruchi Soya
Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank
Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Traders are bearish on bitcoin after a 53% crash. More pain may be ahead but BTC offers features that make it a good long-term investment.
Twitter CEO Jack Dorsey to move to Africa in 2020
Twitter CEO Jack Dorsey said he plans to spend part of 2020 living in Africa.
SAA dropped by leading travel insurer
The decision prompts Australian travel agency Flight Centre Travel Group to stop selling tickets for the airline.
Electronic waste pileup sparks warnings
The pileup of electronic waste will only accelerate with consumers buying more and more devices.
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
UTB announces 2020 Tourism Expo with focus on Intra-Africa travel
As Uganda moves to a position as a premier tourist destination, Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020). POATE is a tourism and travel trade exhibition which brings together regional and international tour operators, travel agents, destination agencies and various players in the tourism trade to network and facilitate tourism business. The three-day expo will run from 4-6 February 2020 and will be held at the Speke Resort in Munyonyo. POATE 2020 will integrate business to business (B2B) and business to consumer (B2C) trade event format under the theme “Inspiring high-value engagement to promote intra-Africa travel for leisure, business and adventure”, aimed at raising Uganda’s profile as a preferred destination in the region and internationally. Launching the event, State Minister for Tourism Wildlife and Antiquities Godfrey Kiwanda noted the board’s focus on Intra- Africa travel.
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Sebi on November 22 had barred Karvy from taking new clients in respect of its stock broking activities.
Empty streets on Black Friday as customers choose to shop online instead
Black Friday got off to a very, very quiet start this morning.
Focus on Lewisham: New social scene sparks interest from first-time buyers
Although it is a relatively unassuming corner of South East London, Lewisham has been the birthplace of a wealth of musical talent: Cream drummer Ginger Baker, Rolling Stones bassist Bill Wyman and Sex Pistols frontman Sid Vicious were all born there.
Sage Group acquires London-based CakeHR to strengthen its SaaS offering
CakeHR, the London-based provider of cloud HR solutions, has been acquired by Sage Group, a legacy business software company in the UK that is transitioning to SaaS. Founded in 2012, CakeHR allows companies, particularly small businesses, move key areas of HR management to the cloud. For the 27,000 users around the world, the SaaS suite […]
Sputnik Editor-in-Chief on Outlet Losing Office in Estonia: We Will Work From Home
MOSCOW (Sputnik) - Sputnik Editor-in-Chief Margarita Simonyan has stated that Sputnik Estonia journalists would not be deterred by losing their office, they would work from home.
Reprieve For Customers As Co-op Bank Scraps Balance Enquiry Charges
The Co-operative Bank has announced that it is scrapping all balance inquiry charges to its customers.In a statement posted on it social media pages, Co-op Bank said the move was as a result of cu
Economic Crisis: GDP Growth Falls to 4.5% in July to September, Lowest in More Than 6 Years
India was the world’s fastest-growing economy until last year, posting quarterly growth rates of as high of 9.4% in 2016.
Npower Reveals Reason It Is Axing Up To 4,500 Jobs Under Closure Plan
The new owner of energy firm, Npower says it is cutting up to 4,500 United Kingdom (UK) jobs as part of a plan to make it more profitable.
Donohoe responds to corporation tax warnings
Ireland will have to prepare for a fall in lucrative corporation taxes in the coming years, the Finance Minister admits.
Eight core sector industries shrink 5.8% in October
Electricity generation declined by 12.4 per cent in October, 2019 over October, 2018. Its cumulative index increased by 1.5 per cent during April to October, 2019-20 over the corresponding period of previous year
Rupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
Mobile boutique can zip from waterfront to Lower Lonsdale
Lower Lonsdale clothing boutique Double the Love now has twice the locations after the City of North Vancouver council voted unanimously for it.
Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Bill Evans: Australian dollar to keep falling as RBA cuts
Via Bill Evans of Westpac on the RBA and the Australian dollar:
Daily Mail owner buys i as UK regional market consolidates
DMGT to pay £50m for national daily that belongs to indebted JPI Media
India's fiscal deficit touches Rs 7 trillion, surpasses annual target in seven months
India’s fiscal deficit in the first seven months through October stood at Rs 7.2 trillion, or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.
LTFRB to review Grab’s fare structure
Following the P23-million fine imposed by the Philippine Competition Commission (PCC) against Grab Philippines, transport regulators will review the ride-sharing firm's fare setting scheme to determine any violation on existing agency policies.
German Amazon workers strike on ‘Black Friday’
FRANKFURT AM MAIN, Nov 29 — Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its “Black Friday” sales bonanza, escalating a long-simmering battle for better pay and working conditions. The strike called by the powerful Verdi union is set to last...
Slowdown impact? Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October
Hong Kong Airlines delays salaries as protests hit tourism
HONG KONG: Low-cost carrier Hong Kong Airlines said Friday (Nov 29) it will delay salary payments to some staff, warning its business has been ...
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
ECB Board nominee Schnabel: September stimulus can be justified by current inflation data
The European Central Bank's (ECB) September stimulus could be justified by current inflation data as well as the outlook for inflation over the medium
Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants
Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of about 140% from last year, when the company signed up 25,000 new customers. Klarna says the new merchants include major companies such as Abercrombie & Fitch, Expedia, H&M, River Island,
Fisher Funds takes gong for Fund Manager of the Year
Fisher Funds was crowned overall Good Returns Fund Manager of the Year at the inaugural Good Returns Research IP awards ceremony, held last night in Auckland.
Eurozone Preliminary CPI arrives at +1.0% YoY in Nov vs. +0.9% expected - EUR/USD unfazed
More to come ....
Larry Ellison Picks Storied Lake Tahoe Property for Next Nobu Getaway
Robert De Niro and his hospitality team are joining with the Oracle billionaire to remake Cal Neva, owned in its Rat Pack heyday by Frank Sinatra.
EUR/JPY recedes from tops, meets resistance around 120.60
Further downside in the Japanese yen coupled with steady-to-bearish sentiment around the European currency leave EUR/JPY stuck within the daily range
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Satoshi Nakaboto: ‘Bakkt Bitcoin future trades hit daily record of $42.5M’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
South African Airways dropped by leading travel insurers
JOHANNESBURG, Nov 29 — Three travel insurance companies in South Africa have stopped covering tickets issued by South African Airways against insolvency, further clouding the outlook for the struggling state-run airline. The decision by Santam’s Travel Insurance Consultants (TIC) to drop South...
Share Market highlights: Sensex ends 336 points down, Nifty near 12,050; Yes Bank, HUL top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty receded from record high levels on Friday, tracking weak GDP data outlook.
Enphase: All Cats Love Fish But Fear To Wet Their Paws
Enphase Energy surprised us with victories it made this year. Revenue and operating income broke all records.The company offers us unprecedented growth, progressive technology of solar energy inversio
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
Big challenges for small business debated at APEC Forum next week
The big challenges for New Zealand small businesses, including mental health risks, cashflow and support for women-led businesses will be under the spotlight next week at the APEC SME Productivity and Performance Forum in Wellington.
Amazon workers stage strike on Black Friday
BERLIN (AP) - Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Greater balance in Christchurch industrial sector - Colliers
Christchurch’s industrial sector is recalibrating to a more balanced demand and supply profile, as construction activity dips slightly and local businesses expand and absorb existing space.
RBI files insolvency application against debt-laden DHFL
DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors
AMD dominates the charts of best-selling desktop processors
AMD dominates the charts of best-selling desktop processors, it confirms the excellent period it is experiencing due to its offer of processors.
Evolution Mining's Red Lake Mine Acquisition - A Bet On Exploration Success
Newmont Goldcorp will sell the Red Lake mine to Evolution Mining for $375 million, plus contingency payments of up to $100 million.Evolution will invest $100 million to improve the mine operations and
Carphone Warehouse is giving away FREE Nintendo Switch Lites for Black Friday
Shoppers who take out a Samsung or iPhone contract can get a free gaming console
Britain's Ocado signs technology partnership with Japan's Aeon
British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first ...
Black Friday sees fewer shoppers in US stores as spending moves online
TRIPOLI: Libya’s National Oil Company said Thursday production had resumed at a key field in the southwest a day after it was interrupted by fighting there. “Following the cessation of military activity at the (Al-Feel) oilfield, production has resumed,” the NOC said in a statement on its website. Forces backing eastern-based strongman Khalifa Haftar, who seized Al-Feel
Gold heads for biggest monthly drop in 3 years on US-China talks optimism
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
Barratt hails £250m-plus injection to Scots economy
Housebuilder Barratt Developments’ Scottish operations have delivered a £256 million boost to the economy over the past year, marking a double-digit hike on 2018.
Vodacom dismisses CEO departure talk
Vodacom Group denied reports CEO Shameel Joosub (pictured) was heading for the door, but revealed ...
The Looming Calendar Anomaly In Junk Bonds
A seasonal supply/demand imbalance in high-yield bond markets has traditionally led to strong performance in December and January. This has led to a historically bankable strategy to capture alpha fro
NSE commodities segment gets CBDT recognition, traders to get tax benefit
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income
Do Activist Investors Create Value?
The exchange-traded fund industry is expanding its product range to all investment strategies and grabbing more and more market share from the mutual fund sector.Activist investing isn't a new phenome
Wall Street starts holiday-shortened day in red
Wall Street's main indexes started the day in the negative territory on Friday as investors returned from the Thanksgiving Day holiday break. As of wr
Muntinlupa students win climate and disaster resilience contest
Have you ever thought of having a device that automatically shuts off power when it detects a strong tremor, thereby mitigating the secondary damage from fires brought by a strong earthquake?
RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
Here’s everything we know about WeWork’s layoffs and next steps as the co-working giant looks to right itself
Here’s everything we know about what’s going on inside WeWork:
Black Friday 2019 Shoppers Stay Away From Stores, Spend Online, Analysts Say
Early discounts saw a dip in the numbers lining up at stores across the country, according to consultants.
GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters
The slump was mainly on account of a weak manufacturing and a drop in exports.
Health insurance: Hygeia HMO announces 20% discount
HMO, has will today began its first-ever Black Friday sales in health services even as it announced 20 per cent discounts on its health plans for shoppers
Mercedes-Benz owner to slash 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with
Rocket Report: Cornwall locals protest spaceport, China’s toxic rocket problem
"Labour against the rocket in Branson's pocket."
Lawrence Kenwright tells of regret over Signature Living investor complaints
Hotel boss apologises for delays and poor communications
B.C. home sales continue to climb, hitting highest activity level in nearly two years
B.C. home sales remained on an upswing in October with MLS sales up 1.3% from September and 16% year-over-year.
Stock markets tread water as all quiet on trade war front
LONDON, Nov 29 — Stock traders found little to get the pulse racing today as the trade war front was eerily quiet and Thanksgiving sapped global trading volumes. “It’s been quite the forgettable week and I don’t think today is going to be any more memorable,” said Craig Erlam, Senior...
Turkey works on strategy to expand high-tech product exports
The government aims to increase Turkey's exports of high-technology products around the world as innovation and research and development, coupled with qualified human resources, are the new criteria for economic growth
3 Dividend Stocks Ideal for Retirees
Utility stocks don't often make the business-news headlines, but that doesn't mean they're can't be great fits for income-focused retirees' portfolios.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Down Detector.
Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet
A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing.
PM scrambles to spur growth; India braces for GDP shock
By Vrishti Beniwal The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had
Huawei suing US FCC over National Security Risk Allegations - Gizmochina
Amidst the US-China trade disputes, Huawei is still facing issues with the US Government. The Chinese firm is now aiming to challenge a decision made by the US Federal Communication Commission (FCC) that has banned Huawei from using government funds to buy its telecommunications networking equipment. Earlier this year, Huawei was placed on the ‘Entity …
Core sector output shrinks 5.8 per cent in October
The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
Lonely and hungry
We’re reminded every year how many Canadians are left behind in our society, without enough food. Hunger Count 2019 has just been released.
ET View: Time to boost demand, forget the fiscal deficit target
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
Costco extends its Thanksgiving day promotions after its website crashes for several hours, preventing furious customers from shopping the deals, Business Insider - Business Insider Singapore
Business Insider - "I just want to spend my money on your site... why is it so hard?" one Costco shopper wrote on Twitter on Thursday.. Read more at businessinsider.sg
Takealot takes flak over Black Friday deals
Consumers take to social media to slam local online retailer over its “insignificant” discounts.
Natwest, RBS Facing Black Friday IT Wobbles as Services Go Down
Royal Bank of Scotland (RBS) and Natwest are both facing IT issues this morning with thousands of customers unable to access accounts. With RBS down...
Forex kitty continues to move up, closes in $449 billion mark
In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion
Skyworth group to invest $100 mn on white goods factory in Telangana
The company proposes to make latest generation Lithium-ion batteries for electric vehicles, air conditioners, refrigerators and washing machines in the second phase expansion, according to the Shenzen
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem
A wealth tax could have cut Jeff Bezos' fortune in half and made Bill Gates $61 billion less rich, but it might not do anything to make the economy feel more fair to the middle class, Bloomberg columnist Noah Smith argued in a recent column.
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Shafie leverages on Sabah’s geographic location to lure Japanese investors
KOTA KINABALU, Nov 29 — Sabah Chief Minister Datuk Seri Mohd Shafie Apdal began the first leg of his trade mission in Japan today addressing 200 investors and businessmen from 140 companies in Kobe, Japan by spelling out investment opportunities available in Sabah. He delivered the keynote...
Dell Cuts Full Year Forecast Due to Intel Supply Challenges
This site may earn affiliate commissions from the links on this page. Terms of use.
Update: Intel Reportedly Taps Samsung To Produce Supply Constrained Desktop CPUs
A new well-timed report coming out of South Korea is claiming that Samsung will produce desktop processors for Intel.
Whats Going On Here,?Mapostori Shrine shocks London Locals
Mapostori Shrine shocks London Locals after they spotted a sight they are not too familiar with,Members of the Apostolic sect were having a prayer service.
Rise of the machines: Why Australia's miners are racing for automation
An aerial picture from Jimblebar, one of BHP's biggest mines in the Pilbara, sums up its push to cut costs and increase productivity as iron ore demand falls.
Debt ETFs/index funds to have minimum of 8 issuers: Sebi
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
GDP growth slows down to 4.5% in Q2, hits more than 6-year low
India's Q2 GDP Growth 2019: DEA Secretary Atanu Chakraborty and CEA KV Subramnaian said that the fundamentals of India economy remain strong and the GDP growth rate is expected to bounce back in the third quarter of this fiscal
Beer suds to soap suds: waste alcohol finds use in green detergent
LEUVEN, Belgium (Reuters) - The next time you wash your dishes, you could find yourself up to your elbows in soap suds spiked with leftover alcohol, if the world’s largest brewer and a environmentally friendly detergent firm have their way.
GDP growth plunges to 4.5%, lowest since 2012
Official says fundamentals are strong, numbers will pick up.
Next week’s key events in developed markets – ING
Analysts at ING offered a brief overview of the upcoming important market-moving economic releases/events, including a batch of sentiment indicators i
Sensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
Chinese investments in Malaysia halve, US inflow soars
KUALA LUMPUR (Nov 29): Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes.Data provided by the Malaysian Investment Development Authority (MIDA) to Reuters on Friday showed that China, traditionally the Southeast Asian country's biggest investor, has now slipped to third position behind the United States and Japan.Foreign
$993 Million multipurpose Pwalugu dam to be completed by 2024
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by 2024 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifty months.
F&O: Nifty outlook bullish till it holds above 11,980-12,000 zone
Maximum Put open interest was at 12,000 followed by 11500 strike.
IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors
IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019.
Judge rules Mahindra Roxor similar to Jeep, violates Fiat Chrysler's Jeep trade
FCA has further filed counterclaim before the Eastern District Court of Michigan for permanently ceasing the sales of Roxor in the states
How Adani Enterprises, GMR Group lost the bid for Jewar airport to Zurich Airport
Zurich Airport, which is currently involved in eight airports in South America, is keen to expand in South and South-east Asian countries like India, Indonesia and the Philippines
WATCH: Retailers increase security around Black Friday shopping | Cape Argus
As people jostle each other to get their hands on Black Friday specials, customers are warned to keep their valuables safe from pickpockets.
Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift
"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs
Euro area flash inflation: Higher core, temporarily – Nordea
Analysts at Nordea Markets see a stronger than expected rise in the Eurozone inflation in November as a temporary surge until year-end and continue to
Reach share price jumps as Mirror owner pulls out of JPI talks
Shares in the publisher jumped higher in early trading after it also reported a 4.4% decline in revenue for the five months to November 24.
After five-month road test, B30 implementation gets green light
The vehicles in the test showed “relatively similar” performance in power, emissions and fuel consumption compared to when run using B20 biodiesel.
RBI may go for another rate cut as GDP slows to more than 6-year low
Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20
Fiscal deficit hits 102% of budget estimate till October
India Business News: The country's fiscal deficit hit 102.4% of 2019-20 Budget Estimate (BE) at Rs 7.2 lakh crore at the end of October. The fiscal deficit or the gap betw
SBI FXTRADE Expands Offering, Adds 8 New JPY Currency Pairs
SBI FXTRADE Co., Ltd. announced this Friday that it is expanding its FX product offering to include eight new currency pairs based on the Japanese yen.
Bulgaria Is among the Countries Which Export the most Grain
Bulgaria is one of the leading exporters of grain. Over the past year, it exported grain worth more than $ 1 billion, or a quarter of the country's total exports.
India's GDP Growth Drops To 4.5%, Lowest In 26 Quarters
The data comes two days after Nirmala Sitharam on Wednesday quelled fears about the Indian economy going into recession.
Costco’s website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco’s website crashed for several hours over Thanksgiving, and experts estimate that it could have cost the retailer as much as $11 million in sales.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published at 13:30 GMT. Statistics
Fiscal deficit for April-Oct at 102.4%, crosses full year target
The revenue gap for the April-October period stood at Rs 5.46 lk cr showing the weakness in tax collection.
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance.
Black Friday: Holiday Shopping Gets a Trump Economy Boost | Breitbart
Despite a holiday season shortened by a late Thanksgiving, retail spending is expected to rise by around 4 percent this year.| Economy
Posta looks to digital boxes to overturn bad fortunes; hopes to increase revenue by Sh1.5bn
NAIROBI, Kenya, Nov 29- The Postal Corporation of Kenya is now targeting to increase its revenues by Sh1.5 billion through digital boxes after it witnessed a fall in letters during the last financial year. According to
Uber Pitch 2019 paves way for a National Winner
KARACHI, Pakistan: Uber Pitch 2019, a nationwide competition to enable budding entrepreneurs, has come to a close for the year with the announcement of MimAR as the national winner. The winning startup MimAR was chosen from a large pool of contestants across Pakistan. Five startups came out on top for the in-car finale to pitch their ideas to industry leaders Saad Naveed Pall, GM Uber, Yusuf Hussain, CEO Ignite and Misbah Naqvi, Managing Partner i2i Ventures. The panel of judges met each startup in-car and rated them on their journey. Speaking at the competition’s conclusion, Saad Naveed Pall said, “It has been truly inspiring to see the brilliant startups that came forward in Uber Pitch 2019, just as they do every year. Uber is committed to building a startup culture that not only supports but also empowers digital startups to get on the road to opportunity and move their ideas forward.” The application process began for digital startups from all over Pakistan in August 2019. The launch event was attended by…
CSO figures reveal renters more likely than homeowners to be in 'consistent poverty'
Renters were found to be more likely to be notably suffering financially as a result of moving out.
3 Reasons Why Shorting McDonald’s (MCD) Stock Now Is a Bad Idea
Missing third quarter estimates and the firing of the CEO is why investors are short McDonald’s. There are reasons why you shouldn't.
Berlin airport to open in 2020 after nine-year delay
Berlin's new international airport is set to open on October 31, 2020, its operating company said Friday, after an embarrassing nine-year delay owing to structural problems and corruption. "The BER will open on 31.10.2020," Flughafen Berlin Brandenburg (FBB) said on Twitter, using the
Trading Forex in the Philippines
Time for Forex trading in the Philippines? Keep a wary eye on the local market and find a trading platform to make you a key player.
The Death of FX Volatility
Volatility in the Euro-Dollar exchange rate reached an all-time low this week, and dying volatility is being recorded in most other major currency pairs as we enter the final month of the year
Costco extends its Thanksgiving day promotions after its website crashes for more than 24-hours, preventing furious customers from shopping the deals
Costco is extending its Thanksgiving day online promotions to customers in the US after its website crashed for more than 24 hours and shoppers were unable to shop the sales.
Canada Q3 GDP growth slower, but details better – RBC
Nathan Janzen – Senior Economist at Royal Bank of Canada (RBC) – offered his take on Friday's release of the Canadian GDP report, which showed a shar
Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
The Yen Isn't What It Used To Be
$USDJPY:$SPX ratio sinks to new lows, showing further de-correlation between the two assets.President Trump signing the Hong Kong bill in favor of protesters may be just what JPY bulls need.$USDJPY 1:
Canadian Valeura reports positively on Devepınar-1 well in Thrace
The first gas production test from the Devepınar-1 well in the Thrace region has successfully flowed gas from the depths of between 4,640 and 4,775 meters...
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
Sensex falls 336 points to close at 40,794 ahead of GDP data; Nifty below 12,050
India Business News: Equity indices on Friday ended in red with the benchmark BSE sensex plunging over 300 points ahead of quarterly GDP growth data release. The 30-share
What Companies That Are Good at Innovation Get Right
They have patience and leaders who take the long view.
Saturn Cloud Inc. Launches Breakthrough Parallel Computing Technology to Accelerate Big Data Analytics
Saturn Cloud's Python-native parallel computing product is released one month after closing $4 million seed round
USD/JPY climbs to fresh six month highs above 109.60
The USD/JPY pair is inching higher ahead of the American session on Friday supported by the broad-based USD strength. As of writing, the pair was trad
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditi...
Q&A: How PSD2 will impact fraud on Black Friday
With online spending continuing to rise online for Black Friday, web retailers need to consider how best to ensure PSD2 compliance in order to keep consumers secure without compromising their user experience.
Government should nationalize Kenya Airways quickly -CEO
NAIROBI — The government must move quickly to nationalize Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers, the airline’s chief executive said.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
UK online supermarket Ocado strikes AI deal in Japan
UK online supermarket Ocado is venturing further outside its main market, announcing Friday a deal to provide artificial intelligence (AI) capabilities to Japanese retail giant Aeon.
Best Google Pixel 3a & 3a XL Deals for Christmas 2019
Here's how to get all the Pixel 3a phones for the best price in the UK, on both SIM-free and contract.
Zurich airport outbids Adani, DIAL to build Delhi-NCR’s second airport in Jewar town
Zurich International had developed the Kempegowda International airport in Bengaluru in partnership with other companies.
Black Friday sees fewer shoppers in stores as spending moves online
Shoppers also worried that tariffs imposed by President Donald Trump on Chinese imports would make their holiday shopping more expensive
C&I Leasing gets approval to list N539 million worth rights issue
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Amazon workers in Germany stage strike on Black Friday
Workers at Amazon distribution centres in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Damning Tongaat Hulett forensic report fingers ex-executives, including Peter Staude
Group plans to pursue claims against executives implicated in PwC probe
Green is the new black! Kilkenny launches shop local Green Friday Campaign
Say goodbye to Black Friday and hello to Green Friday by buying Irish brands and products on November 29, urges a leading Irish retailer. Green Friday is an initiative led by Marian O’Gorman of ...
Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
Uganda asks more Asians to grab available investment opportunities
Uganda’s Vice President Edward Kiwanuka Sekandi has called upon Arab Countries mostly people from the United Arab Emirates (UAE) to rush and grab the plenty of investment opportunities that the country beholds. This was during the 5th Edition of the UAE – Uganda Trade and Investment Forum that was held at Sheraton Hotel and organized by the Sharjah Chamber of Commerce. It attracted over 22 companies from UAE who came to look for trade and investment opportunities in Uganda. Alex Onzima, a Minister of State in the Vice President’s office highlighted the need for trade performance between the two sister countries while representing the Vice President Sekandi. “We believe that what Ugandans and Africans need to develop is Trade, foreign Investments and access to markets but not Aid.
More pain for German car industry as Daimler axes 10,000 jobs
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (USD 1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future. "The total number worldwide will be in the five-digits," Daimler personnel chief Wilfried Porth said in a conference call about the job cull.
Samsung Note 10 sales surpass predecessor
The Galaxy Note 10 proves popular in SA, and Samsung continues to empower youth through its multimillion-rand bursary.
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
Present Equity Valuations Suggest Negative Returns For Next Decade
In terms of Buffett's self-proclaimed favourite value indicator, as shown below, the S&P 500 is now priced at 144% of US GDP, far above the 2007 top, and near the short-lived highest-ever valuations i
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
The key principles of dry cow nutrition
There is a specific period for the dry cow called the transition period; three weeks pre-calving and three weeks post-calving.
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
GDP data: All three engines driving economic growth are stalling
While the concerted decline in economic drivers calls for multi-pronged efforts to arrest it, stimulus measures so far have focussed mainly on an investment revival
Costco extends its Thanksgiving Day promotions after its website crashed for several hours, preventing furious customers from shopping the deals
"I just want to spend my money on your site... why is it so hard?" one person wrote to Costco on Twitter on Thursday.
Buhari: Construction of Ajaokuta-Kaduna-Kano gas pipeline to start soon
President Muhammadu Buhari says the federal government would soon commence the construction of the Ajaokuta-Kaduna-Kano (AAK) gas pipeline.
Climate Adaptation Now
As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the harm to people and livelihoods that climate change is already causing. Strengthening our ability to adapt to climate change has never been more urgent. Many regions are experiencing major difficulties as a result of higher global temperatures and changing weather patterns. We must do more to help citizens and governments tackle issues such as rising sea levels, wildfires, hurricanes and other natural disasters, and increased coastal erosion. Even if we meet the Paris agreement’s goal of limiting the average global temperature increase to well below 2°C, at least 570 cities and some 800 million people will be at risk from rising sea levels and more frequent and destructive storms.
Why India needs deep-tech start-ups
Deep technologies hold the key to social development as well as data security. But India’s progress in this area has been slow
OGRA recommends slight reduction in petrol price
Suggests cut of Rs2.4 per litre in price of diesel
Fears for Oldbury site as Npower restructuring could cost thousands of jobs
Energy giant Npower has announced plans to restructure its UK business, leading to the loss of up to 4,500 jobs and the closure of a number of call centres.