Economy 1028
Wipro stocks fall over two per cent after CEO Neemuchwala steps down
MD Abidali Z Neemuchwala will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition.
PROMOTED: Drive 10x your Revenue and Value at this year’s Sales...
Sales Leadership Conference (SLC) is West Africa’s biggest convergence of revenue leaders across corporate Nigeria..........
HBC board backs bid
The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
Swiping their way higher: Visa, Mastercard could be the next US$1 trillion companies
Tech and internet titans were the first to reach US$1 trillion in stock market value, but the next U.S. companies that could do so are better ...
Corporation tax cut to benefit 1% firms, SMEs paying lower tax: Eco Survey
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
TCG BDC: The Case Of The Unattractive High Yield
Sporting a high dividend yield of 12.40%, TCG BDC stock may be on many investors’ watch list.The company regularly pays dividends and repurchases shares every quarter, but funds for these activities a
Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses
In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"
SK Hynix to make deep capex cut; virus spread may threaten chip output
SEOUL (Reuters) - South Korea’s SK Hynix, the world’s No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said it would sharply reduce annual investment after posting a steep fall in quarterly profit.
US stocks fall amid virus fears despite Amazon surge
NEW YORK, Jan 31 — Wall Street stocks dropped early today amid worries over the coronavirus outbreak and despite a blowout Amazon earnings report that lifted the e-commerce giant’s value back above US$1 trillion (RM4.1 trillion). Britain confirmed its first cases of the virus, the US upgraded...
Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified
The Survey places primary blame for the slowdown on global factors, saying 'the deceleration of India's GDP growth since 2017 has tracked the decline in world output'
Luxury brand sales on Las Vegas Strip driven by tourists, millennials
Luxury labels are itching to grow their retail presence in Las Vegas as big spenders among tourists and millennials propel the luxury retail market.
Delta flight attendants fight back against Boeing and a system they claim fed them 'toxic' air
The system in question takes air from an aircraft's engines and brings it into the cabin for pressurization and air conditioning.
I would buy NAB and these blue chip ASX dividend shares
National Australia Bank Ltd (ASX:NAB) and these blue chip ASX dividend shares could be great options for income investors...
Households saved Rs 11K per year due to increasing affordability of thalis: Survey
Eco Survey finds that cost of vegetarian thali reduced significantly since 2015-16 though the price rose in 2019.
Pound-to-New Zealand Dollar Rate Risks Correction as RBNZ Shifts into "Neutral" Gear
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
It Grows
Evil had a great holiday season: Amazon now has over 150 million Prime subscribers, the company announced in Q4 2019 numbers released on Thursday. The massive growth numbers sent the company’s market cap surging to over $1 trillion (£761 billion) and made CEO Jeff Bezos an estimated $13.2 billion (£9 billion) in a matter of minutes.
Norton Motorcycles faces financial trouble
Last-minute attempts to save the Norton appear to have failed as the brand has failed to secure the backing it needs to continue trading. Click for more.
Fused entity to have enough cash to loan private players: PFC on REC merger
PFC and REC can separately lend up to 25 per cent of their net worth to a single borrower/ project, and lending to a group borrower could be 40 per cent, PFC informed the BSE
What every Canadian investor needs to know today
A look at the morning’s market action
Housing corporations not building enough homes, regulator says
Housing corporations are still failing to build enough homes, according to a report by the Housing Corporation Authority, part of the Human Environment and Transport Inspectorate. The "State of the
Bayer considers new tactic in Roundup settlement talks
(Reuters) - As Bayer AG (BAYGn.DE) tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter.
Sides in bitter forest dispute back at table on Sunday
With the longest strike in coastal forest history now into its eighth month, the two sides in the bitter dispute are heading back to the bargaining table.Western Forest Products and the United . . .
Economic Survey advocates further ‘economic freedom’
While it does makes a case for further reform, it falls short on prescriptions and sector-specific insights
GDP growth for FY19 revised downwards to 6.1% from 6.8% estimated earlier
"Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 trillion and Rs 131.75 trillion, respectively
Despite Its IPO Success, Peloton Might Just Be a Fitness Fad
Despite its stellar revenue growth, investors should be cautious. Peloton stock might fall prey to new fitness trends or cycling competitors.
It would be a mistake for Malaysia to raise locally assembled vehicle prices – German ambassador
BMW Malaysia exports the G30 520i to the Philippines Last week, the automotive industry received confirmation from the finance ministry that there will be
Bitfinex Adds Tether Gold Margin Trading with 5x Leverage
Bitfinex, one of the top global crypto exchanges, has added margin trading support for bullion-backed stablecoin Tether Gold (XAU₮).
7 Large-Cap Stocks to Buy For Insulation From Volatility
Recent market volatility on the back of coronavirus fears makes this a good time stock up on quality stocks with long-term stability.
These were the best performing ASX 200 shares last week
The Link Administration Holdings Ltd (ASX:LNK) share price and the ResMed Inc. (ASX:RMD) share price were amongst the best performers on the ASX 200 last week...
CVS Stock Is a Long-Term Hold, but It’s not a Buy Ahead of Earnings
CVS Health's 2018 acquisition of Aetna will likely boost CVS stock in 2020, but volatiity around earnings date is possible.
Digital Nomads: 7 Reasons Why the Future of Work is Remote
Perceptions about the workforce of the future are changing as fast as the technology powering it.
The French fishermen who could sink Britain's post-Brexit ambitions
BOULOGNE-SUR-MER, France (Reuters) - For the British government, a successful Brexit means re-asserting economic sovereignty and landing a trade deal with Europe. Trawler captain Stephane Fait and his fellow French fisherman could sink that plan.
Woodford Income Focus fund to reopen in February
£268m fund was frozen in October after stockpicker’s business imploded
JCB Partners with Oceanpayment for Merchant Acquiring
Hong Kong & Tokyo, Jan 31, 2020 - (ACN Newswire) - JCB International Co., Ltd. ("JCBI"), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Oceanpayment Co., Ltd., China's leading cross-border payment brand, announced that they signed a License Agreement to start JCB merchant acquiring business. In order to strengthen the cooperative relationship, Mr. Hirohiko Sugiyama, Managing Director of JCB International (Asia) Ltd. and Lanny Yang, Co-Founder and EVP of Oceanpayment made greetings in Hong Kong to announce the partnership.
Rocket Report: Starlink flies, OneWeb has next mega-constellation launch
“This marks the start of a regular launch campaign during 2020.”
Economic Survey's Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Eskom warns SA to brace for more frequent power cuts
The country has been contending with an energy deficit since late 2005.
EU leaders remind Britain: No membership, no benefits
BRUSSELS (Reuters) - The leaders of the European Union’s three institutions warned Britain on Friday that it cannot expect “the highest quality access to the single market” unless it adopts the bloc’s standards on environment, labor, taxation and state aid.
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate, Business Insider - Business Insider Singapore
Business Insider - The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.. Read more at businessinsider.sg
Amazon sees face mask sales surge amid coronavirus fears
Packs of 50 disposable masks have been selling fast on the website.
'Not being used properly': MYOB, Xero look to invoice finance amid supply chain scrutiny
The industry built around speeding up payment times for small business looks set to grow.
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city
London is getting yet another cab-hailing app.
Indian economy has hit ‘a trough’, hope to achieve 6-6.5% in 2020-’21, says chief economic advisor
The chief economic advisor pointed out that firms that had borrowed a lot of funds between 2008 and 2012 had invested less during the 2013-’17 period.
Rs 7,000 crore worth of transactions hit due to bank strike in Tamil Nadu
All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam told Express that nine lakh cheques worth Rs 7,000 crore in the state could not be processed due to the bank strike.
No fresh investment, redemption for mutual fund investors on Budget day
Mutual funds investors will not be able to make a fresh investment or sell their units on the Budget day because subscription and redemption are closed on Saturdays and Sundays, industry officials
5 Great Tech ETFs That Aren’t the XLK
When it comes to tech ETFs, the XLK rules the roost. But there are other ETFs in the sector that gives it a run for its money.
Infor strikes cost-saving partnership with Wellington-Altus
The partnership is a return to a full-service approach that’s worked in the past for founders of both Wellington-Altus and Infor, who came from large investment banks with significant wealth-management divisions
General Electric Slams It Out Of The Park
Contrary to fears from many market participants, General Electric appears to be turning a corner.The company's latest release reveals strong performance when it comes to cash flow and good results mov
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
Canada's first P2P consumer lender preps launch
Canadian regulators have given the greenlight for the country's first peer-to-peer lending platform for consumer loans.
Investors Should Forget Aurora Cannabis and Buy GWPH Stock Instead
Demand for legal cannabis is not as strong as bulls predicted. As a result, investors should avoid big names like Aurora stock.
Key takeaways from Economic Survey 2020
Finance Minister Nirmala Sitharaman on Friday tabled economic survey projecting the country’s economic growth at 6-6.5% for the next fiscal year starting April 1.
Three companies to process seaweed produced by farmers of Palk Bay region
Memoranda of Understanding were signed to this effect by the Fisheries Department on Thursday
Rupert Murdoch Now Has a Challenger to Apple News
Rupert Murdoch's News Corp launched a beta of its Apple News challenger 'Knewz' earlier this week, promising to burst our filter bubbles.
UK and EU prepare for next Brexit phase - a trade deal
As London hopes for a "zero-tariff, zero-quota trade agreement" post-Brexit, Brussels is insisting on a "level playing field". Meanwhile, British bankers are counting on maintaining their access to E…
Billionaire F1 owner leads rescue deal for 007 sport car maker Aston Martin: reaction
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
NASA to allow researchers to fly on commercial suborbital vehicles
NASA plans for the first time to allow researchers to fly with their payloads on commercial suborbital vehicles, ending years of debate and deliberation.
Myanmar generates about 3,200 megawatts of electricity now
Myanmar is generating about 3,200 megawatts of electricity at the present, according to figures from the Ministry of Electricity and Energy.
Hong Kong’s disruption is Sydney’s opportunity
Hot Property
Pre Budget Expectations by HDFC Securities
HDFC Securities The Govt needs to give a serious push to improve the business environment.
Economic Survey 2020: How privatisation helps CPSEs unlock growth potential
Economic Survey 2020: The analysis showed that these privatised CPSEs, on an average, perform better post privatisation than their peers in terms of their net worth, net profit, return on assets
3 exciting ASX small cap tech shares on my watchlist
Alcidion Group Ltd (ASX:ALC) and two other ASX small cap tech shares could be great long term investments...
Post-fire losses darken days for light bulb maker - VnExpress International
Light bulb maker Rang Dong, whose Hanoi warehouse was gutted by a fire, has reported Q4 losses of almost VND36 billion ($1.5 million).
Yet Another US Corporate Giant Appoints Indian Technocrat as CEO, Analyst Predicts Trend to Continue
New Delhi (Sputnik): Several Indian technocrats have been appointed by US-based multinational companies like Google, Mastercard, Microsoft and Adobe. Besides these American companies, several others like Goldman Sachs, Qualcomm, Uber, Boston Consulting Group and Jaguar have emerged as top recruiters for Indians graduating from its top institutes.
Bank of Lithuania Looks into Central Bank Digital Currency
Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All
GCB Bank unveils first G-Money Mobile Wallet
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Chesapeake Energy Bulls Are Asking the Wrong Question
From logical deduction, the environment must be pressured beyond belief. Thus, I can’t see CHK stock doing anything but eroding in the long run.
Fintech Become Tops $200 Million in Loans Matched between Online Lenders and SMEs
Become, formerly known as Lending Express, has surpassed $200 million in matching online lending to SMEs in need of growth capital. The news was revealed in a r
Economic Survey 2020: Red-tape still strangles Indian manufacturing
Economic Survey 2020 updates: Ease of doing business in India seems like a far fetched dream as of now due to the huge number of licenses and approvals needed to run a business. Here's all you need to know
Warren Buffett's big Amazon investment is finally paying off, 8 months after he lamented not buying sooner (AMZN, BRKA)
Warren Buffett spent years watching Amazon soar from the sidelines, before his holding company Berkshire Hathaway started purchasing shares earl...
Aston Martin bailed out by Canadian F1 billionaire
Aston Martin has been rescued from collapse by a US$656 million bailout led by a Canadian Formula 1 billionaire.
Munich-based SimScale closes €27 million to expand pioneering cloud-based 3D simulation software
German startup SimScale, one of world’s first production-ready cloud-based softwares for simulation, today announced that it has closed €27 million in Series C funding. Global venture capital and private equity firm Insight Partners led the round, with participation from existing investors: Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gründerfonds.
One to Watch in Copenhagen: Custommade
The label Custommade is undergoing a repositioning and focusing on smaller, design-led collections and a wider accessories offer.
Enphase: Promising Growth Vision
Enphase is widening its addressable market by integrating technologies like storage and energy monitoring.Enphase's IQ 8 microinverter will be a building block for the company's larger energy product
Court strikes out MTN Nigeria’s suit against AGF, as FIRS, Customs take over tax probe
The Federal High Court has struck out MTN Nigeria's lawsuit against the Attorney General of the Federation, Abubakar Malami.
Consumers relatively upbeat in latest confidence index
Low interest rates and a stronger housing market are keeping consumers relatively buoyant. The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 123 in January, sitting around its best level in more than a year. Consumers were slightly less optimistic about their current position but are slightly more upbeat about the longer term, and more think it's a good time to buy a big-ticket item. "New Zealand consumers are feeling pretty alright about things at the moment - the labour market remains tight, interest rates are low and the housing market is lifting again," ANZ's chief economist Sharon Zollner said. She said the lift in the housing market was likely behind the rise in those thinking its a good time to buy a major household item, which in turn would support the retail sector.
In Q4 2019 Nokia smartphone shipment crashed to 2.8 mi, declined YoY too
As per the report shared with us by CounterPoint Research, Nokia smartphone shipments crashed to only 2.8 million in Q4 2019 resulting in a 41% decline as compared to Q4 2018 shipments. The smartphone shipments declined by 27% on a Year-over-Year basis.
Will house prices drop after Brexit?
What will the impact be?
Outflows lead to restrictions on Aviva property funds
Investors in two Aviva Life and Pensions commercial property funds have been told they cannot withdraw their money for six months because of recent net outflows.
7 Underappreciated Foreign Dividend Stocks to Buy Now
This is a great time to add the benefits of diversification to your portfolio with some attractive foreign dividend stocks.
African Economic Outlook indicates steady growth through 2021
AfDB's 2020 African Economic Outlook shows that growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021.
FCA Flags Capital International Management Company
The FCA regulator has warned against Capital International Management Company, a clone of European Economic Area (EEA) authorised firm.
Lebanese bonds tumble as uncertainty increases
"Lebanese debt is currently trading at a large discount and investors have already priced in a restructuring," Saeb El Zein, a financial markets expert told Annahar.
Economic Survey 2020: GDP Growth Projected At 6-6.5 Per Cent In FY21; Growth Resurgence From Second Half Of FY20
The Economic Survey 2019-20 was tabled by Finance Minister Nirmala Sitharaman in the parliament today (31 January). The survey projects the Indian Economy to grow at a rate of 6 to 6.5 per cent in the upcoming Financial Year 2020-21.
Understanding ‘Thalinomics’, or the economics of a plate of food in India
Analysing this data, the survey found that since 2015-16, there was a change in the dynamics of ‘thali’ prices.
SBI posts highest-ever quarterly profit of Rs 5,583 crore in Q3
SBI Q3 results: The bank's gross non-performing assets (NPAs) ratio declined to 6.94 per cent in Q3FY20 versus 8.71 per cent in the same quarter last year
Economic Survey sources data from Wikipedia, other private entities
Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation
Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand
India's aspiration to become a $5 trillion economy depends critically on strengthening the invisible hand of the market, it said. And this needs to be done with the hand of trust through government intervention by facilitating pro-business policies.
How major US stock indexes fared Friday
Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains …
Economic Survey 2019-20: Food inflation higher in urban areas
Economic Survey moots tighter monetary policy in case of food, fuel price shock
Budget 2020: How FM Nirmala Sitharaman's fiscal deficit math is likely to move Sensex, Nifty on Feb 1
Budget 2020: An increase in fiscal deficit target in view of the ongoing economic slowdown may not negatively impact the market since elevated level of expenditure is expected to result in higher demand in Indian economy
Municipalities approve Eneco takeover by Mitsubishi despite WWII history
A majority of Eneco's shareholders approved the sale of the energy company to Japanese companies Mitsubishi and Chubu. Now that the municipality of Rotterdam has given the green light, the holders of
EU bank regulators lay out tougher doomsday stress test
EBA factors in period of ‘low for longer’ rates and 4%-plus economic contraction
International bid from Ethio Telecom (TENDER)
The RFI remains floating from February 3, 2020 up to march 2, 2020. RFI document can be obtained free of charge from Ethio Telecom’s head office room no. 207 during office hours (Monday to Friday). Interested eligible bidders may obtain further information from ethio’s Website and collect the RFI document in person from Head quarter, 2nd Floor, and room no. 207.
Amazon hits 500K force
Need more proof that Amazon is big? It came this week.
Manage buy-to-rent risks
The current buyers’ market offers a good opportunity for investors looking for properties to rent out, especially with the prospect of a potential rental-growth recovery in the latter part of 2020.
Ginni Rometty, 1st female CEO at IBM, to step down in April
Ginni Rometty, the first female CEO in IBM's century-long history, is leaving the helm in April.
Helicopter company in Kobe Bryant crash not certified to fly in poor visibility
The charter company whose helicopter crashed and killed basketball star Kobe Bryant, his daughter and seven others on Sunday was not certified to fly in conditions requiring pilots to fly using only cockpit instruments, media reports said.
Irish Water say Boil Water Notice lifted for the majority of customers in Tallanstown
Irish Water
The little-known Buffett quote that guides my investing
The simple secret to evaluating winning businesses like Xero Limited (ASX:XRO) and CSL Limited (ASX: CSL)
These were the worst performing ASX 200 shares last week
The Nearmap Ltd (ASX:NEA) share price and the Treasury Wine Estates Ltd (ASX:TWE) share price were amongst the worst performers on the ASX 200 last week...
Cosatu to present R254bn Eskom rescue plan
The plan could reduce Eskom's debt by more than half.
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
Kenyan entrepreneur creates disposable urination funnels for women
In Africa, most women are found wanting when they want to pee in public facilities. If you are not one that carries disinfectant wipes or hand sanitizer, then you are left to choose between a Urinary Tract Infection or holding in your pee till you get home. The worst incidence is when on a road...
tZero to Launch Broker-Dealer, Seeks Fund from External Sources
tZero, the blockchain subsidiary Overstock, is planning to launch its retail broker-dealer platform called tZero Markets.
European Union passes resolution to force common charger for smartphones
Recently we reported that Apple may be forced to ship iPhones with USB-C port in the European Union. As we expected, EU parliament this week voted 582-40 in favor of a resolution to urge action by the European Commission on a common charging solution for smartphones. The parliament has asked the Commission to ensure that …
Dow plummets 600+ points in its worst day since August
The Dow Jones Industrial Average erased its year-to-date gains in the last day of January trading, tumbling more than 600 points on rising coron...
Brexit to bring new start for EU, no fewer opportunities: Commission chief
BRUSSELS (Reuters) - The EU will start a new chapter after Britain leaves, with no fewer opportunities as a united force on global issues from climate change to technological transformation, European Commission President Ursula von der Leyen said on Friday.
Coronavirus In Context
Experts are projecting that the current outbreak may get worse before it gets better.However, the mortality rate is below that of SARS with the elderly and people with pre-existing conditions being mo
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
Quality scores, along with amenities
Cost reduction is no longer the sole concern for buyers in affordable housing projects. By M.A. Siraj
Market LIVE: Sensex, Nifty subdued as Economic Survey throws fiscal, economic challenge for government
Around 3.15 PM, S&P BSE Sensex was trading 0.51 per cent or 209 points lower at 40,703.84 while broader Nifty 50 index breached the crucial 12,000-mark and was ruling at 11,955 points
Amazon rejoins $1tn club on back of blockbuster earnings
Bezos empire alongside Apple and Microsoft after further share price gains
Glasgow-based Smart Metering Systems to benefit from smart meter deadline extension
Glasgow-based Smart Metering Systems (SMS) said it now expected its work to be “more evenly spread” after the UK government pushed back the deadline for energy suppliers to install smart meters to 2024.
Crypto Tax in 2020: A Comprehensive Guide
Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how
Lyft Stock Is An Intriguing Trade for Market Bulls Ahead of Earnings
The long-term debate over Lyft won't be resolved by a single quarterly report, but a risk-loving market could bid LYFT stock up next month.
Perth energy firm SSE ‘on course’ to deliver targets
Perth-based energy giant SSE said it expected to meet its full year targets yesterday despite its renewable energy output falling 5% behind forecasts for the first nine months of the year.
Lockheed Martin Can Keep Flying Higher in 2020
The defense titan has had a great five-year run, but its year-end earnings results and forecast suggest there is potential for further growth.
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
Credit rating agency S&P expected to keep Turkey's outlook unchanged
The U.S.-based international credit rating agency Standard & Poor's S&P is expected to keep Turkey's credit ratings and the overall outlook...
French Connection shares plummet after failure to secure buyer
The retailer saw shares slide by almost a third after it said it was set to post between £1 million and £2 million in losses for the year.
Agricultural Commodities May Be Misreading The Coronavirus
Agricultural commodities are selling off due to poorer-than-expected import quotas regarding the U.S-China trade deal.China and India have skyrocketing food prices that will likely only accelerate hig
Genesco: Relatively Cheap And Aggressively Shrinking The Share Count
Shares of Genesco have greatly trailed the market over the last 12 months in spite of strong EPS growth.Comps have been relatively solid across the company's various brands.However, EPS growth is prim
Tourism Vancouver strengthens Asia Pacific expertise appointing GAO Group as new agency
VANCOUVER, BC, CANADA - Tourism Vancouver announced the appointment of a new agency, GAO Group International, to support regional sales efforts in Asia Pacific. Effective January 2020, GAO Group will be Tourism Vancouver’s official agency offering their services to support the organization’s Asia Pacific corporate incentive business development programs. From GAO Group’s head office in Melbourne and their regional office in Shanghai, they are perfectly positioned to promote Vancouver as a must visit Incentive Travel destination across the broader region. GAO Group
French and Italian economies shrink as Eurozone slows
The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth.
Crude Oil Futures: The negative view remains unchanged
Open interest increased by around 14.2K contracts on Thursday, reaching the second build in a row as per advanced readings from CME Group. In the same
Mastercard invests in online and offline identity startup Trust Stamp
Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp.
NCDMB, Rungas to establish cooking gas cylinder plant in Bayelsa
The Nigerian Content Development and Monitoring Board, NCDMB, yesterday, said it has entered into partnership with Rungas Prime Industries
Coronavirus Outbreak Sends European Stock Markets Into Tailspin
On Monday, US stocks posted their biggest downturn since October 2019 due to fears of the economic impacts of the new SARS-related virus that recently emerged in central China.
Tertiary Students equipped with skills for the job market
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Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $US3,816,835 in the fourth quarter of 2019, according to a report by the real-estate listing platform, StreetEasy.
ITC Q3 pre-tax profit rises 4.5% to Rs 5049 cr on hotels, agro businesses
The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments
OLED TVs could replace LG's mid-range LCD televisions entirely
LG Display is shutting down domestic LCD production, as sales of OLED TVs help to compensate for company losses.
Ireland's Varadkar: Don't see how to separate fisheries from Brexit trade deal
Don't see how to separate fisheries from Brexit trade deal, the Irish PM Leo Varadkar reacted to the UK Cabinet minister Michael Gove's comments. It i
'Samosas, not hamburgers': Anand Mahindra quips as Arvind Krishna named IBM CEO
Mahindra Group chairman was among the Twitter users who celebrated Arvind Krishna's appointment as IBM CEO.He called it as the stunning endorsement of the managerial capabilities
Listed companies in Taiwan required to disclose info in English starting July
The move signals Taiwan’s bid to draw foreign investors, which hold a combined 40 percent stake in local equity market
Community funding up for grabs in City of Wanneroo
COMMUNITY groups can apply for funding and have a say on how the City of Wanneroo distributes funding.
Feeling lucky? Only lottery winners will get to enjoy Suntory's limited edition 55-year-old single malt whisky
The newest bottle in the vaunted lineup of premium Japanese whiskies is more than 55 years old. The nation's oldest distillery will release Yamazaki 55 thi
Coronavirus to hit Galaxy S20 accessories supply chain
Seoul - The deadly Coronavirus outbreak that has already killed 213 people in China could lead to delay in the accessories for the upcoming Samsung Galaxy S20 series that are coming out of the country.
Citi Unveils Digital Investment Platform “Citi Wealth Builder”
Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfo
3 Straight Quarters Of 2%, And Yet Each One Very Different
For the year, the Bureau of Economic Analysis (BEA) puts total real output at $19.07 trillion, or annual growth of 2.33% and down from 2.93% in 2018.Imports are down so sharply because the domestic pa
London-based Yumpingo raises over €9 million to help restaurants gather real-time feedback
UK startup Yumpingo, a one-minute instant review platform for restaurants, has raised over €9 million. The foodtech startup will use the funds to launch Yumpingo Pay, a new pay-at-table platform, and expand the company’s sales and operations internationally.
Assemble in India for world can raise export market by 6 per cent by 2030: Economic Survey
India must focus on a group of industries, referred to as “network products”, where production processes are globally fragmented and controlled by leading multi-national enterprises (MNEs) within thei
Optus cops hefty penalty for spamming customers
The communications watchdog has slugged Optus with its second-largest fine ever after the telco spammed consumers when they unsubscribed.
SSE on course despite slight lag in renewables
Energy giant SSE marked its first quarter out of the household energy sector by saying that it is on course to deliver on its earnings target for the year.
Work at state-owned banks affected as employee unions go on 3-day strike
Private sector lenders like ICICI Bank and HDFC Bank were working as usual.
Amazon's Jeff Bezos, already the wealthiest person on the planet, just got billions richer
Jeff Bezos, the world's richest person, got billions richer in minutes Thursday as Amazon shares soared in extended trading on news of a killer quarter driven by strong holiday sales.
November GDP beats expectations, but... – RBC
According to Josh Nye, Senior Economist at Royal Bank of Canada (RBC) Economics, a modest upside surprise in November GDP does little to change the na
Binn chiefs quizzed over £70m Glenfarg incinerator project
Binn Group bosses held talks with local residents yesterday to share details of their plans for a £70 million incinerator at Glenfarg EcoPark.
Eskom gauges interest in building pebble-bed nuclear plants
South Africa spent R14.47bn trying to develop the technology before abandoning the project in 1999.
CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo
The Competition Commission of India has dismissed allegations of unfair business practices against PayU Payments and Wibmo. It was alleged that PayU has intentionally foreclosed the market for other competitors by denying them proper access to Wibmo in the downstream market and has substantially created entry barriers for new market players.
Enbridge faces regulators in Canada, U.S. over plans to expand oil pipeline network
Enbridge faces off with regulators in Minnesota over Line 3 just as it grapples with complaints over changes to overhaul its Mainline
WTI pares back gains below $53 ahead of US drilling data
WTI (oil futures on NYMEX) reverses half the Thursday’s recovery rally and surrenders the $53 mark in European session this Friday. The black gold ext
GDP growth expected to rebound to 6-6.5 per cent in 2020-21: Economic Survey
The Economic Survey 2019-20 tabled in Parliament said there are tentative signs of bottoming out of slowdown in manufacturing activity and global trade, which will have a positive impact on growth in the next fiscal.
Role of IR professionals more challenging, says N. Srinivasan
“You should have empathy, be fair and transparent in your approach and must earn the trust and confidence of trade unions and workforce.”
Mobile money transactions now at 721 million – Techjaja
Uganda’s mobile financial sector has been growing with increasing number of mobile money subscribers ever since its inception. Uganda Com
Coinmetrics Study Unveils Shocking Tether (USDT) Fact
The team at Coinmetrics has just released their latest findings on Tether, and its new all-time high velocity is not the only interesting thing they've
Stock markets fall
Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial, energy and industrial sectors moved lower.
Opposition lingers in Shinhan’s Orange Life merger
Shinhan Financial Group’s plans to merge Orange Life Insurance with its wholly owned life insurance unit seemed to have been working out smoothly. However, trouble persists as minority shareholders continue to demand an increase in their dividend payouts. Small shareholders of Orange began making the demand after teaming up with civic activist group the Korea Stockholders Alliance in November, but Shinhan refu...
Turkey, Lithuania ink economic protocol for greater trade, investment ties
Turkey and Lithuania on Friday signed a protocol for the Economic and Trade Committee JETCO that will pave the way for further expansion of bilateral...
American Airlines, mechanics union reach tentative US$4.2 billion contract deal
American Airlines Holdings Inc and its mechanics union announced tentative joint collective bargaining agreements on Thursday covering five ...
IBM turns to technologist chief for cloud computing battle
Arvind Krishna has already pushed group to catch up with cloud computing leaders
Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey
Benchmark indices Nifty50 and S&P BSE Sensex reached record highs during 2019-20 (up to January 16, 2020).
Market Pulse on January 30th
S&P 500 3283,66 +10,26.
Paradigm Chairman Sam Gores Denies Report of Possible Sale to CAA
"We are not for sale, nor are we selling the agency," Gores says in email to employees
Coronavirus shadow overseafood exports to China
MPEDA Chairman, however says the impact is minimal
Huawei 5G role being capped in the UK will cost £500 million: British Telecom
BT (British Telecom) has stated that Britain’s decision to limit Huawei‘s involvement in building 5G infrastructure would have increased the cost of its gigabit-communications plan by about 500 million pounds over five years. British Telecom is the largest mobile broadband network provider and its Chief Executive, Philip Jansen, said he welcomed the use of vendors …
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story
Macy's is in the process of hiring employees to work at its new store in the upscale town of Southlake, Texas.
SBI records 41 per cent jump in Q3 net profit at Rs 5,583 crore
The bank says this is the highest ever quarterly net profit recorded by it
Pound Sterling Powers into Month-End Against Euro and Dollar
The British Pound heads into month end with momentum owing to a decision by the Bank of England to keep interest rates unchanged
Nintendo says no new Switch in 2020
Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year, dashing the hopes of fans ...
Core sector output shows growth after contracting for four months
The rebound signals that the economy may have bottomed out in the second quarter and may see revival in the third quarter. The news should come as relief for the government ahead of the Budget and may dispel fears surrounding the Indian economy slipping into stagflation.
Barclays introduces video games tax relief loans
Developers able to claim 90% of their tax credit before it is fully processed
North African countries still have significant wheat needs this year - Transgrains
PARIS, Jan 31 (Reuters) - Algeria needs to buy 1.5 million tonnes of wheat and Morocco 600,000 tonnes in the last three months of the 2019/2020 (July-June) season, which should benefit France, a senior trader familiar with North African markets said on Friday.In addition, Tunisia will probably need to book another 200,000 tonnes, Jean-Philippe Everling, founder and director of Transgrains France in partnership with Italian group Casillo, told the Paris Grain Day conference in Paris.
USD/CAD eases from tops, still well bid near 200-DMA post-US/Canadian data
The USD/CAD pair trimmed a part of its early gains to seven-week tops, albeit still managed to hold with modest daily gains above the 1.3200 mark post
Cover brief for The Oklahoman's Business section on Jan. 31, 2020
WOODWARD Chemical plant evacuated in gas leak No injuries were reported as part of a hydrogen chloride leak at a chemicals plant that forced an emergency evacuation Thursday afternoon. Erin Hatfield, spokeswoman for the Oklahoma Department of Environmental Quality, said the agency was informed by the City of Woodward/Woodward County Office of Emergency Management that no one had been hurt. Hatfield said local emergency management officials told the agency the leak was caused by a valve malfunction at Deepwater Chemicals. Hatfield said DEQ was informed that the valve released the colorless gas into the plant's stack, prompting an evacuation order issued about 2:35 p.m. The gas, when exposed to
Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe
Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership...
GDP Prints At 2.1%, But Strong Export Data Is Anomalous; Likely To Be Revised Downward
Most of the 2.1% print came from Net Exports (NEX), but the lead of that was a technical increase from IMPORTS (which normally REDUCE GDP) .NEX is the component of GDP that, historically, is most revi
Financial watchdog to investigate M&C Saatchi accounting scandal
The Financial Conduct Authority has launched an inquiry into the £11.6m accounting error revealed in December.
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency
3 Big Stock Charts for Friday: Lyft, HD Supply, and Melco Resorts & Entertainment
Friday's big stock charts feature three stocks with the potential for longer-term rebounds — and shorter-term upside.
Non-cash payments under I-T Act: 7 electronic modes get CBDT nod
BHIM, UPI, debit/credit cardsand net banking make the cut
Macy’s is launching a new store concept that’s masterminded by the woman behind buzzy concept store, Story
Macy’s is preparing to open a new retail concept in Texas.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
Millennium Hotels and Resorts partners with Johnson Controls
In line with the UAE Agenda 2030 for Sustainable Development, Millennium Hotels and Resorts and Johnson Controls announced a Technology Alliance to drive energy savings and operational cost reduction applying latest energy efficiency product technology and digitalization concepts. Kevork Deldelian, Chief Executive Officer of Millennium Hotels and Resorts MEA, said: “We are delighted to collaborate with Johnson Controls on sustainable energy solutions to reduce operational costs. The partnership will address Millennium’s entire asset portfolio of existing and new hotels including more
PBF Energy: A Mexican Billionaire Can't Get Enough Of This New Jersey Refiner
Billionaire Carlos Slim's fund has indiscriminately bought up over 8 million shares in PBF since May to increase its stake to 17.6%.Slim's involvement in PBF is not immediately clear, though it may be
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail, Business Insider - Business Insider Singapore
Business Insider - If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.. Read more at businessinsider.sg
Big Fizzle: MoviePass Passes Away
And so it all ends in disappointment, like the umpteenth installment of a Stallone or Schwarzenegger franchise. For MoviePass and its parent company, filing Chapter 7 bankruptcy earlier this week means that what promised to disrupt an industry that has been around for more than a century – the movie business, of course – has itself been disrupted, and had been since the service was shut down in September. The filing means the companies will be sold, and the funds distributed to creditors. Those creditors include a list of more than 12,000 subscribers, and as the math works out, each of them may get about $100 in liquidation – if they get paid at all. The final shuttering comes after at least some subscribers complained that their cards were still being charged, even when the MoviePass service had gone dormant. Turns out the movie ticket subscription business has relatively low barriers to entry. MoviePass launched in 2011, was famed for its $10 monthly subscription service that allowed
Staff share in €54m payout after US takeover of Decawave
Chipmaker gives new owner access to fast-growing market for Irish group’s technology
Warren Buffett’s lesson for companies: keep candid
Apple, Facebook and Microsoft are among the groups depriving investors of information
Asia shares try to rally after gut-wrenching week
Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, ...
Q4 GDP: A Quick First Look
Quarterly real GDP growth came in slightly hotter than I expected at 2.1%.The single-biggest mover was the total collapse in real imports, down 8.7%.Consumption is way down. Real core PCE growth was 2
Amazon sees sales hit €79.2bn as Prime memberships rise
The online retailer Amazon has reported a 21% increase in sales for the fourth quarter of last ye...
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Warren Buffett’s $US4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
Why businesses need to consider loyalty programmes
Loyalty programmes facilitate the development of a relationship with each customer through multiple touch points in the organisation, says LoyaltyPlus.
Thalinomics and the improved affordability of a plate of food
Move over the Big Mac Index! The Economic Survey 2020 has made a unique attempt to quantify the cost incurred in putting together one complete home-made meal — the healthy Indian thali.A trend of coin
Fidelity Bank reports a 28.5% increase in profit for FY 2019
Earlier today, Fidelity Bank Plc announced its unaudited financial reports for the period ended December 31st, 2019.
Unclaimed dividends increase from N103b to N130b in 2019, returns to public companies ─SEC
Registrars of public companies in Nigeria have returned all unclaimed dividends, which have been in their custody for 15 months and SEC
Who is Arvind Krishna?
Krishna joins a unique club which includes the likes of Microsoft CEO Satya Nadella, Google and Alphabet CEO Sundar Pichai, MasterCard CEO Ajay Banga, PepsiCo’s former CEO Indra Nooyi and Adobe CEO Shantanu Narayen.
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
Too soon to tell economic impact of Wuhan coronavirus on China: IMF chief
It is still too soon to gauge the economic impact of the virus outbreak on China's economy, beyond the first three months of the year, ...
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
ABN Amro signs cloud and DevOps deals with Indian vendors Infosys and TCS
Infosys has signed a multi-year, multi-million euro contract with ABN Amro Bank to accelerate its cloud and DevOps transformation journey. The Dutch bank has also signed a separate cloud migration and DevOps deal with fellow Indian vendor Tata Consultancy Services.
Economic Survey 2020: India has low rates of formal entrepreneurship
Large number of enterprises operate in informal economy not captured by data
India on track to meet NDC goals under Paris Agreement: Survey
Swachh Bharat Mission (Urban) was launched in 2014 with twin objectives of ensuring 100 per cent scientific solid waste management and making urban India open defecation free (ODF) to achieve total environmental improvement, the Finance Ministry said in a release.
Dow plunges 500 points amid coronavirus fears after outbreak is declared a global health emergency and death toll reaches 213
The World Health Organization declared the epidemic a global emergency on Thursday after the fast-spreading virus killed more than 200 people in China and infected thousands.
Upswing expected in SA’s ICT spending in 2020
Despite SA’s subdued economic outlook, technology has a massive part to play in the country’s growth in the future, with ICT spending to reach R393 billion in 2020, says the IDC.
Businesses see promising India-UK ties ahead after Brexit
Brexit: Leading trade organisations and Indian entrepreneurs in Britain see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level
Amazon Makes Fresh Pitch to Continue Improving Customer, Seller Experience
Since its arrival in India in 2013, Amazon has created over 700,000 direct and indirect jobs and announced plans to create additional one million jobs in India by 2025.
OIL: Buy The Bottom In Crude
Oil demand is the only part of the balance where the bears can make a potentially compelling case to sell oil – but the supply variables win out.Supply is currently being constrained by market partici
Ferry contract awarded to Polish shipbuilder that built Salish-class vessels
B.C. Ferries has awarded Remontowa Shipbuilding of Gdansk, Poland, a $92.3-million contract to build an additional liquefied natural gas-fuelled ferry to be delivered in 2022.The new vessel, which . . .
Rocket nears spaceport for Chinese space station test launch
The first flight model of a rocket designed to launch modules for a Chinese space station is set to arrive at Wenchang spaceport for a crucial test mission.
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%, hoping to raise $4 billion from the sale.
These 3 Numbers Explain Why Amazon Is Dominating Everything Right Now
Amazon's best-ever quarter is about these three things.
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
Vinda International: Favorable Tailwinds Persist
Vinda International recorded its highest quarterly gross margin in history at 36.0% for 4Q2019, largely due to low wood pulp prices.Vinda International's revenue growth slowed in 4Q2019, but the compa
Hong Kong-based Digital Asset Exchange Bitfinex Introduces Margin Trading for Tether’s New Gold-backed Stablecoin
Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confi
Amazon Crushes Earnings, and Here's the Most Impressive Part
Amazon’s retail sales took flight even in soft consumer spending environment.
Aussie property values rise another 0.9% in January
CoreLogic’s dwelling price results have been released for January, which reveals another 0.9% increase in values over the month at the 5-city level, driven by more strong rises across Sydney (1.1%) and Melbourne (1.2%):
Japan Airlines: 25% of reservations for China flights canceled in past 10 days
TOKYO (Reuters) - Japan’s second-biggest carrier, Japan Airlines Co, has seen 25% of reservations for China flights canceled in the past 10 days, an executive said on Friday, amid growing concerns over the coronavirus epidemic.
EA Video Game Publisher To Focus On Subscriptions, Services In 2020
News: The Electronic Arts gaming company intends to expand its business in 2020 by focusing on live services and subscriptions.
Sensex drops 190 points; Nifty ends below 12K
All eyes have now turned to the Union Budget, scheduled to be presented on Saturday.
GlobalData: Brexit deal with EU will change the landscape of medical device industry in UK
In the event of a free trade agreement with the EU, the UK will continue to be bound by current EU laws, thereby adhering to the new Medical Device Regulation. This will significantly change the landscape of the medical device industry, says GlobalData, a leading data and analytics company.
Maria Bartiromo believes Trump will strike trade deal with Europe this year
President Trump will clinch a trade deal with Europe within the next year, Fox Business host Maria Bartiromo said Friday.
Shrinking French and Italian economies hamper euro zone growth
Spectre of recession likely to mean more monetary easing by ECB
Canada: GDP bounced back in November – NFB
According to a report released on Friday, Canada’s real GDP rose 0.1% in November and 1.5% compared to a year earlier. Krishen Rangasamy, analyst at t
Domino's wants software development classed as a manufacturing industry
Warns Australian tech job market is getting dysfunctional, again.
Overstock’s tZERO to Launch Broker Dealer in First Half of 2020
Overstock’s blockchain arm tZERO aims to launch a cryptocurrency market broker dealer service in the first half of 2020.
Push for micro-irrigation says Economic Survey
The Economic Survey say that through government schemes like the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) which was launched in 2015 the area under micro-irrigation was increasing.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
Economic Survey 2020 calls for better efficiency at public sector banks
For FY19, PSBs had made a collective loss of Rs 66,000.
WhatsApp payments to be launched in several countries in next 6 months: Mark Zuckerberg
WhatsApp Pay started as a pilot programme in 2018 wherein a million Indian users participated. Overwhelmed by the response, Facebook is expanding the payments feature to more countries.
Survey trusts free markets to create wealth
CEA Krishnamurthy Subramanian suggests many micro solutions for macro problems
Top Web Development Companies To Seek In 2020 For Startups
2020 is going to be a competitive year especially for business people. A large number of startups and small businesses are outsourcing their projects to the...
Amazon's Q4 revenue takes a 300 bps hit due to Diwali timing, Japanese tax
Firms says large part of impact was felt as Diwali season moved more into third quarter, boosting Q3 sales at the cost of Q4
Verizon's Adding Subscribers, but Not Profits
Verizon's pricing and promotions are weighing on the bottom line.
Blibli.com Debuts Cashierless Store; Nordstrom Pilots Resale Concept
News: eCommerce merchants are tapping into the world of brick-and-mortar retail by opening cashless and cashierless stores.
Tongaat shares back to JSE trading on Monday
It suspended trading on June 10 after revelations of accounting irregularities that saw its share plummet some 75% last year.
Economic Survey 2020 Brings Out ‘Thalinomics’ To Quantify What A Common Man Pays For Thali Across India
Thalinomics attempts to answer whether a thali has become more or less affordable.
Unilever considers selling tea brands as UK hot tea sales are on a downward trend
Following on from the recent news (30th Jan 2020) of Unilever looking to sell their PG Tips and Lipton brands, Arian Bassari, Consumer Analyst at GlobalData, a leading data analytics company, offers his view on these developments.
Eurozone economic growth in 2019 was slowest in 6 years
Jan. 31 (UPI) -- Economic growth last year for the eurozone was the lowest it's been in six years, mainly hampered by slowdowns in France and Italy, the European Commission said Friday.
A positive, but cautious outlook for M&A activity in 2020
After recent surges in activity in 2018 and 2019, New Zealand’s M&A activity is expected to slow down in 2020, with processes taking longer, and some deals failing to complete.
Amazon shares surge on strong earnings update
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations.
Woqod opens Sealine petrol station
Qatar Fuel “Woqod” yesterday opened Sealine petrol station, raising its network of fixed and mobile petrol stations to 103.
Warren Buffett’s $4.6 million crypto lunch was eBay’s priciest purchase in 2019. It still hasn’t happened.
Warren Buffett’s $4.6 million charity lunch was the biggest purchase on eBay in 2019. The eye-wateringly expensive meal still hasn’t taken place.
‘Big four’ banks turn into ‘big two’ - VietNamNet
With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.
Google-Backed 1Life Healthcare Surges 58% in Trading Debut
1Life Healthcare Inc., a provider of tech-driven primary care clinics under the One Medical brand, closed its first day of trading up 58% after raising $245 million in an initial public offering.
What If the Coronavirus and China's Quarantines Caused a Global Recession?
That would be bad.
Hong Kong stocks close lower
HONG KONG, Jan 31 — Hong Kong shares closed down today, shedding their earlier gains and adding to a dismal week on one of Asia’s biggest bourses. The benchmark Hang Seng Index fell 0.52 per cent, or 136.50 points, to close at 26,312.63. Mainland Chinese markets were still closed for the...
A little-known trucking company surges nearly 58% after Volkswagen unit makes a surprise offer to buy (NAV)
US truck manufacturer Navistar's shares shot up in pre-market trading Friday, after a Volkswagen unit said Thursday it could buy the company in ...
A Much Better Alternative To Dollar-Cost Averaging
Warren Buffett himself seems to like the dollar-cost average approach to investing in stocks, but I am skeptical.Today, I test a simple alternative to DCA that has produced higher absolute returns and
Treasury Wine Estates shareholders back company's US presence
Long-term Treasury Wine Estates shareholder Tribeca wants the company to maintain a presence in the US but would like to see its commercial business divested.
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
HBC board unanimously backs Baker offer in amended and stated circular
The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
Plague Big Opportunity, Rat Says
U.S. Commerce Department ghoul Wilbur Ross gloated about his belief the ongoing coronavirus outbreak in China is good for JOBS! JOBS! JOBS! in an appearance on Fox Business on Thursday morning, even as the confirmed number of cases and deaths keep rising and experts worry of sustained global spread....
Travel trends echo Brexit separation
As the UK leaves the EU, a study by ForwardKeys, which analyses global aviation capacity, flight searches and over 17 million flight booking transactions a day, reveals that since the UK’s referendum decision on June 23rd 2016 to leave the EU, the growth in travel to the EU has slowed and growth in travel to other parts of the world has picked up. There has been a similar reciprocal trend in the opposite direction amongst travellers from the EU, where
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Shareholder Capitalism Isn't Dead, It Just Changed Its Name to Stakeholder Capitalism
In our headlong search for what comes after shareholder capitalism, we have at long last discovered that stakeholder capitalism is still the same capitalism. And that's good news.
Economic Survey 2020 forecasts India GDP growth at 6-6.5% for FY21
Economic Survey 2020: According to the survey, uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions
BlackRock Appears Interested In North American Small Cap Pharmaceuticals
BlackRock sees North American Small Cap Pharmaceuticals as Undervalued. Will this trend continue?Comparing Blackrock and Vanguards asset allocation in North American Small Cap Pharmaceuticals.BlackRoc
Aston Martin shares leap as Lawrence Stroll leads rescue deal
Shares in Aston Martin rose 20 per cent today as it was announced that Canadian billionaire Lawrence Stroll would take a 20 per cent stake in the carmaker.
Satellite connectivity drives Comtech acquisition of Gilat
Comtech Telecommunications is buying Gilat Satellite Networks for $532.5m, it has been announced.
Domestic milk intake down 5.7% in December
Domestic milk intake by creameries and pasteurisers was estimated at 243.8 million litres for December 2019, according to the CSO.
Nifty call: Go long on strong rally above 12,050 levels with fixed stop-loss
Nifty 50 February futures (12,025)Following a positive start, the Sensex and Nifty began to decline due to selling interest at higher levels. The Asian markets are displaying mixed cues; the Nikkei 22
The EMI waiver is here
In these difficult times for real estate and home loan segment, banks and housing finance companies (HFIs) have found a new method to attract borrowers – home loans with EMI waivers. It does not mean
Crisis-hit Thyssenkrupp mulls sale of elevators units worth 15 billion euro
According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone
The EU’s Risky Green Taxonomy
European Union member states and the European Parliament are soon expected to adopt a so-called “taxonomy” for classifying green investments, after reaching an agreement last month on a list of “sustainable” economic activities. Once the new system enters into force, most likely this year, the European Commission will use this list to determine which financial assets and products are sustainable. This taxonomy is the backbone of the Commission’s regulatory package on sustainable finance, which has the ambitious goal of “reorient[ing] capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth.” The Commission hopes that the new labelling scheme will address the problem of market players “greenwashing” non-sustainable financial products and serve as the basis for policy incentives to promote sustainable investment. To be fit for purpose, however, the taxonomy must address three important questions. Unfortunately, the EU’s one-dimensional approach disregards two of the three…
Statistics Canada says GDP edged up 0.1 per cent in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Markets Recoil as Economic Survey Stokes Fiscal Slippage Fears
The 30-share BSE Sensex closed 190.33 points, or 0.47 per cent, lower at 40,723.49. Likewise, the broader NSE Nifty shed 73.70 points, or 0.61 per cent, to finish at 11,962.10.
Bid to capture industry’s action on climate crisis
A new project aims to help the Scottish farming industry accurately record and measure the positive steps it is taking to tackle climate change by sequestering carbon.
New York pension fund to review investments in coal companies
The New York State Common Retirement Fund has announced its plan to review investments for 27 thermal coal mining companies.
EA made nearly a billion Dollars in the last quarter thanks to “Live Services”
Publisher Electronic Arts has reported on its quarterly earnings for the last three months of 2019, and they’ve made an awful lot of money on their “live services” which is a bit of a catchall-term…
With new projects’ vigour, Hyderabad’s real estate blooms out of slowdown blues
In the words of KT Rama Rao, Minister for IT, municipal administration and urban development, "Hyderabad's growth story and momentum have just begun." Even as the sector elsewhere stares at a slowdown, new projects are being started around Hyderabad.
Amazon set to blow past a $1 trillion valuation after topping analysts’ earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $1 trillion for the first time since July.
India must follow China's growth model to create jobs, suggests Economic Survey 2020
Economic Survey 2019-20: India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030 by integrating "Assemble in India for the world" into Make in India
OYO Hotels & Homes selects Sabre as its long-term strategic partner
SINGAPORE and ATHENS – Sabre Corporation has signed a strategic long-term global partnership with OYO Hotels & Homes. With this partnership, OYO will be connected to almost 900,000 travel agents globally, through the GDS connectivity solution powered by Sabre Hospitality Solutions’ innovative SynXis platform, that will help OYO generate increased bookings and open up additional revenue opportunities for its asset owners worldwide. Maninder Gulati, Global Chief Strategy Officer, OYO Hotels & Homes said, “At OYO Hotels & Homes, we have built
Contraction in domestic revenue growth softened IT-BPM sector growth in FY19: Survey
Of the total $135.5 billion of exports of the IT-BPM sector in 2018-19, IT services accounted for 55%, and BPM and software products & engineering services for the remaining 45 per cent (with each accounting for almost half of the share). The survey termed the Indian IT-BPM industry as the flag-bearer of India's exports over the past two decades.
1,084 new .ie domain registrations in Louth last year - Talk of the Town
There were 1,084 new .ie domain registrations in Louth in 2019, according to the latest edition of the .ie Domain Profile Report published today by IE Domain Registry, the company that manages and maintains Ireland’s country domain. This figure is an increase of 7.11% year on year. The .ie Domain Profile Report examines the makeup...Read More→
Nokia smartphone and feature phone shipments were down in 2019 (+ Q4 2019 results)
Counterpoint Research released their full year and 4th quarter analysis of the mobile market of 2019. In the fourth quarter of 2019, Apple regained the title of the biggest smartphone vendor after …
Weekend Reading: 1-2 February 2020
Global Macro / Markets / Investing:
It may be controversial but the Huawei 5G deal is vital for Brexit Britain’s trading future ǀ View
If Johnson succeeds, Brexit Britain will be one of the few places in the world with preferential trade with the world’s two superpowers. The battle lines in the US-China trade war mean any country that is on good trade terms with both will have an almost unique competitive advantage.
Economic Survey 2019-20 sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.Besides Wikipedia, the Survey has also relied on data from other private
Mastercard Invests in AI-Based Startup Trust Stamp
Electronic payments giant Mastercard has made a strategic investment in Trust Stamp, an Artificial Intelligence-based authentication services company.
The Next AMD Stock Buy Opportunity is Coming … Just Not Yet
Longer-term AMD stock investors have every reason to see more upside in shares, but trimming risk and waiting to accumulate shares on a more meaningful correction is smart business today.
House Prices, Rent Dip In Nairobi As Landlords Become Less Demanding
House prices and rents in Nairobi dropped marginally for the year 2019, a new study by realtor HassConsult has revealed.According to the study, rents dipped by 2.1 per cent in Nairobi while those
Oyo rubbishes reports of large-scale partner loss, and exiting businesses
Currently, Oyo largely operates under three models - franchisee, leased and owned assets. The rooms under the franchisee model accounts for the largest number of its inventory of nearly 3 lakh rooms in India
NZD/USD finds support near 0.6450, stages modest recovery
The NZD/USD pair closed the fifth straight trading day in the negative territory on Thursday and extended its slide on Friday to touch its lowest leve
Stocks decline as coronavirus keeps traders on edge
Stocks fell broadly Friday, the final day of the month, as traders tried to assess the potential economic impact of China’s fast-spreading coronavirus while weighing earnings from Caterpillar and Amazon.
Eskom: Stage 2 loadshedding resumes, weekend reality
Eskom announced this morning that it will continue with stage 2 loadshedding from 9:00 today (Friday) until 6:00 on Monday 3 February.
Economic Survey 2019-20 Tabled in Parliament, Sees Pick up in Growth
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects.
Banking services affected as employees strike
The nationwide strike has been called by the United Forum of Bank Unions, pressing for a 20% wage hike and a charter of other demands
Africa pushes ahead on the world’s largest free-trade zone
The African Union is backing the Africa Continental Free Trade Area.
Highlights of the day: TSMC, UMC maintain normal production in China despite outbreak, but IC design houses worried about business
Many Taiwan-based IT firms are feeling the heat from the coronavirus outbreak that is delaying their production from returning normal following Lunar New Year. But have revealed that their fabs in China have been running as usual. Despite the foundry houses' reassuring revelations, many Taiwanese ...
Gold futures fall Rs 319 to Rs 40,656 per 10 gm
Gold prices on Friday fell by Rs 319 to Rs 40,656 per 10 gram in futures trade as participants cut down their positions in line with a weak trend overseas. On the Multi Commodity Exchange, gold
Arvind Krishna elected IBM CEO
Indian-origin technology executive Arvind Krishna has been elected Chief Executive Officer of American IT giant IBM after a "world-class succession process", succeeding Virginia Rometty, who described him as the “right CEO for the next era at IBM” and “well-positioned" to lead the company into the cloud and cognitive era.
Amazon blows past a $1 trillion valuation after topping analysts' earnings expectations (AMZN)
Amazon shares soared as much as 11% in early Friday trading, driving the company's market valuation above $1 trillion for the first time since J...
Pinterest Stock Should Spark Investors’ Interest With This New Feature
Pinterest just introduced “Try On,” the companies spin on augmented reality. What does this mean for Pinterest stock?
Abidali Neemuchwala resigns as Wipro CEO, to hold position till successor is found
The company has not specified any time frame to find the successor.
Deribit to Offer Daily Bitcoin Options
Crypto derivatives platform Deribit will offer a daily Bitcoin index options to its client base.
Hawaiian Airlines posts earnings jump while keeping eye on China virus | Honolulu Star-Advertiser
Hawaiian Airlines’ earnings soared 57.2% in the fourth quarter despite increased capacity that included additional competition from newcomer Southwest Airlines.
SiteMinder-backed research reveals an increasingly tech-savvy independent hotelier on the rise
LONDON, UK – New research backed by SiteMinder reveals that today’s independent hoteliers have a greater awareness and appetite around technology when it comes to their marketing and distribution strategies. According to eHotelier’s Marketing & Distribution 2020 Journal, 68.4 percent of independent hotels already have a digital marketing strategy implemented for their business and a further 24.4 percent intend to implement their strategy over the coming year. Only 7.2 percent of independent hoteliers do not understand the relevance of a digital marketing
The Daily Chase: Stocks under pressure as virus spreads; GDP inches higher
Global stocks are coming back under pressure this morning as investors interpret the latest wave of coronavirus headlines. Meanwhile, the Canadian economy unexpectedly expanded in November.
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
GRAINS-Soybeans extend losing streak on coronavirus fears; corn firm, wheat weak
(Recasts, updates with U.S. trading, adds new analyst quote, changes byline/dateline; pvs PARIS/SYDNEY)By Mark WeinraubCHICAGO, Jan 31 (Reuters) - Chicago Board of Trade soybean futures fell on Friday, on track for their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said.
US raises USD 7.6 billion in auction of 37, 39, 47 GHz bands for 5G
The US FCC announced it's completed the auction of the upper 37 GHz, 39 GHz and 47 GHz bands, which started on 10 December 2019. The auction of 5G spectrum attracted total bids of USD 7.56 billion, and bidders won 99.9 percent of the licences on offer.
Coronavirus forcing Google, Apple to take precautionary measures
Silicon Valley is bracing for the coronavirus outbreak to impact its bottom line as Google closed its offices in China and Apple.
Coronavirus: US stocks lose one per cent and Brits land back in UK
Wall Street has now fallen over one per cent as fears over the coronavirus outbreak continue to damage markets around the world.
Here are a few nuggets from Economic Survey in order to prevent frauds
Financial services exports have remained stagnant, averaging about $5 billion in recent years
Google launches SOS Alerts for coronavirus
The search engine giant has also donated a sum of 250,000 dollars -- through its charitable arm Google.org -- to the Chinese branch of Red Cross to aid the coronavirus relief work
Hindustan Unilever clocks 4% sales growth
Firm hit by weak consumer sentiment
Call for ‘vacancy control’ to curb Vancouver rental rates
Housing advocates are concerned that the trend toward jacking up rents once units vacate will result in further displacement
Property sales catapult American Savings’ earnings | Honolulu Star-Advertiser
American Savings Bank’s earnings soared 30% in the fourth quarter after recognizing an after-tax gain of $7.7 million from the sales of its former headquarters at the Financial Plaza of the Pacific and its Mililani Service Center.
Eurozone economy records worst year since 2013
The growth recorded was lower than the 0.2% anticipated in the markets and was largely due to the fact that two of the eurozone's biggest economies, France and Italy, both contracted.
Budget 2020: The inclusive growth of the country
Sunil Khosla Head Digital Business, India Transact Services Limited "Considering the current ecosystem in the country, the annual financial budget 2020 is much awaited and expected to relieve most of the financial segments."
Drug Price Control Order led medicines to become costlier: Economic Survey
Survey urges government to opt for bulk procurement to provide affordable drugs
1% Bitcoin No Longer ‘Crazy’ for Portfolios, Says Morgan Creek CEO
Morgan Creek founder and CEO Mark Yusko says Bitcoin is one of the most asymmetric assets he has ever seen in his career as a fund manager.
Acrelec announces $223 million investment from Glory to expand in-store quick service solutions
Acrelec, the global leader in customer experience technology for “quick service” restaurants and retailers, has announced plans for a $223 million investment by Glory Global Solutions. The funding is subject to review by Acrelec’s employee representatives and certain competition authorities. Acrelec has developed kiosks, drive-through and self-checkouts for many of the world’s best-known restaurants and […]
EA's tepid forecast overshadows quarterly beat, shares slip
Amid rising competition from console, mobile developers.
Economic Survey 2020 to give roadmap for $5 tn economy
Coming at a time when India's nominal economic growth, not adjusted for inflation, has been the worst in 42 years, the Economic Survey, to be presented in parliament by around 12.30 pm, is hugely
How to get one of 7000 first home grants
Those eligible can purchase with as little as 5 per cent of the property’s value, saving up to $26,000 in not buying insurance, but it's 'complicated’.
Expert: Taxes beat bans for promoting reusable bags
More places are restricting or banning plastic bags at the store. A professor of economics and public policy says taxes better push people to reusable.
British, EU level trade playing field possible but difficult: Irish PM
DUBLIN (Reuters) - There is scope for the European Union and Britain to agree to maintain equal standards in a future trade deal, but coming to such an agreement will be hugely difficult, Irish Prime Minister Leo Varadkar said on Friday.
Wars and viruses: Are robots less prone to market panic?
LONDON (Reuters) - Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
British Steel rescue under threat as French government opposes Jingye deal
The Chinese takeover of embattled British Steel is hanging in the balance after the French government said it would oppose the deal.
Neither icing nor a cake – Rabobank
Analysts at Rabobank offered a review of Friday's Eurozone GDP figures, which showed that the economy grew by 0.1% q-o-q in the fourth quarter of 2019
Seagull Centre diverts more waste from landfill
The Seagull Centre in Thames is set to divert more items from going to landfill with its new Resource Recovery Park, which was officially opened today by Thames Ward Councillor Martin Rodley in a ribbon-cutting ceremony.
Asia shares fight for footing after turbulent week
Asian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
Milan-based Supermercato24 raises €11 million to expand its e-grocery marketplace in Europe
Italian startup Supermercato24 has today announced raising €11 million to expand its e-grocery marketplace in its homecountry, as well as in Poland where it also has an office, and the rest of Europe.
ANZ NZ Roy Morgan Consumer Confidence
The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 123 in January, a solid level. Households aren’t gung ho, but are feeling resilient.
Can Apple's Wearables Segment Continue Its Incredible Growth?
Buyers are snapping up AirPods Pro as fast as Apple can produce them, and the AppleWatch shows solid growth and great potential.
Chainlink Boosts Ethereum DeFi with New Price Reference Data Networks
Chainlink’s Price Reference Data oracle networks vastly expand the amount of secure and reliable data accessible to Ethereum Dapps
Delhi Police ask for 45 documents for opening restaurant, only 19 for a gun: Economic Survey
Delhi Police ask for as many as 45 documents before giving its clearance for opening an eatery in the national capital as gainst only 19 to buy a gun, the Economic Survey said on Friday while making a case for doing away with unnecessary controls.
Nissan calls for clarity over post-Brexit trade deal
Businesses are likely to face significant changes in the way they trade, says chambers of commerce.
US: Annual core PCE Price Index ticked up to 1.6% in December as expected
Inflation in the United States, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose 0.3% on a monthly basis in December follo
Nexus guarantees European prices ahead of Brexit
Nexus Collections is freezing all prices ahead of the UK leaving Europe on 31st January, 2020. Any potential increased costs in terms of products, delivery or overhead that are a direct result of Brexit will be absorbed by Nexus Collections, a leading supplier of conference bags and conferences supplies. As a leading provider of conference supplies, such as bags and promotional items, including sustainable goods, Nexus Collections sources products from a number of destinations and delivers them to countries all over
Telefonica creates new global digital consumer unit
Telefonica has announced the creation of a new global unit designed to make sales processes and customer relations “more digital, faster and simpler” as part of the action plan launched in November to generate more than EUR 2 billion a year in additional revenues from 2022 onwards. The new unit, dubbed Chief Digital Consumer Office (CDCO), will be led by Chema Alonso, until now responsible for the company’s data strategy and cognitive intelligence project. Telefonica said the unit will above all promote innovation in new digital products and services, with a special focus on the digital home, as well as innovation in networks and relations with the entrepreneurial and startup community.
China virus causes scare for India's smartphone makers
NEW DELHI (Reuters) - The coronavirus outbreak in China could start to disrupt India’s production of smartphones if it continues to spread in February, as it could delay component shipments, industry executives said.
Electricity consumers to pay more for prepaid meters
Electricity Consumers will have to pay more for prepaid meters as the hike in FG's Value Added Tax, VAT, from 5 to 7.5 per cent, begins in ...
Pakistan may be the next big Asian market for tech startups: report
A McKinsey & Co's report cited by DW listed Pakistan amongst the fastest-growing economies
SBI profit jumps 41% to ₹6,797crore in Q3 on lower provisioning
Consolidated income rose to ₹95,384.28 crore in the third quarter from ₹84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing
From passports to driving to mobile phone roaming: What will change now that the UK had left the European Union?
The United Kingdom left the European Union at 2300 on Friday January 31 - 'Brexit Day'. It marked the end of more than four decades of partnership, and the start of an 11 month-long transition period which will see a new deal thrashed out. Much is set to change once that transition period comes to a close at the end of December 2020 - but what about between now and then?
Royal Enfield to stop selling 500cc bikes in India, exports to continue
Royal Enfield Classic, Bullet and Thunderbird 500cc motorcycles will be available for retail in India only till March 31
Market watch: KSE-100 falls 273 points owing to global sell-off
Benchmark index decreases 0.65% to settle at 41,630.93
Drinkers want fizz, low carbs, and Super Bowl ads reflect it
DETROIT - When Americans crack open a cold one during Sunday's Super Bowl, it might not be a traditional domestic beer.Sales of classic beers like Bud Light
What Farmers Are Reading This Week, January 24-31
This week featured a shake-up in markets that took center stage. Aside from markets, news about the Navigable Waters Protection Rule gained traction after a new definition was released. John Deere, the EPA, and Brazil’s soybean harvest all also popped up in this week’s news. To catch up on last week's hot topics, follow the Successful Farming staff's work in the previous recap.
Paris-based AssoConnect raises €7 million to transform the non-profit sector
The French startup AssoConnect, whose technology is transforming how the non-profit sector is managed, has completed a second round of funding of €7 million, led by XAnge, ISAI and several business angels.
Arcadia makes supporting clean energy easier
Get a $20 Amazon gift card or 4 standard LED bulbs just by signing up.
Woza weekend, woza load shedding! Eskom announces Stage 2 power cuts till Monday
Eskom on said Friday that Stage 2 load shedding would start on 9 am on Friday and continue through to 6 am on Monday .
Jeff Bezos added £10,000,000,000 to his fortune in just 15 minutes
The world's richest man just got richer.
Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone
In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore
Bank strike paralyses work
Bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted work in the erstwhile composite Khammam district on Friday, the first day of the two-d
Economic Survey 2020: FTAs have been beneficial, insecurities over trade deals misplaced
Last year, India backed out of the proposed free trade agreement under RCEP that comprises 16 countries in the larger South East Asian region after some of its key concerns were not addressed
Trade body at variance with ISMA over sugar production estimate
All India Sugar Trade Association sees sugar output falling to 27 million tonnes; This is higher than ISMA's estimate of 26 million tonnes for 2019-20
Look for New Highs From CSX Stock as the Economy Heats Up
As goes the economy, so goes CSX stock, and the economy is only going to improve over the next few quarters.
Crisis-hit Thyssenkrupp mulls sale of '15bn euro elevator unit'
Deciding the future of the elevator unit was the group's "top priority", said Merz, aiming to raise billions of euros in fresh capital that could be used across the conglomerate's struggling divisions.
Altria's Profit Just Got Vaporized
Controversy surrounding the e-cigarette industry is costing the tobacco giant billions of dollars.
Eurozone economy barely grows in Q4 as France, Italy shrink
BRUSSELS — The eurozone economy, made up of the 19 countries that use the euro, barely grew in the final quarter of 2019 as both France and Italy contracted, official figures showed Friday. In its first estimate for the quarter, statistics agency Eurostat said the eurozone grew by only 0.1% from the previous three-month period. …
How mortgage broking was saved from near death
The Hayne recommendations nearly finished off mortgage brokers a year ago. Today, their services are more in demand than ever.
Need new mechanism for revising fuel prices: South India Motor Transport Association
A revision once in three/six months can lift the mood of the transport sector that is battling many challenges, says SIMTA
Economic Survey: IBC reduces resolution time to 340 days from 4.3 years
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets
Xpel Inc: Racing With Exceptional Risk/Reward
Near term catalyst with Team Penske sponsorship.Longer term catalyst partnering with Roger Penske’s dealership network & trucking companies.Xpel's 10-year record is on par with some of the greatest st
Women in Fintech: Paris Fintech Forum Takes Hold of Gender Diversity Issue
Every year, the Paris Fintech Forum (PFF) makes a special effort to invite as many female Fintech founders and CEOs as possible to share the stage at its CEO-only conference. However, Laurent Nizri, the CEO of Altéir and PFF organizer, admits that he struggles to find them. Case in point: only one female entrepreneur, Nicky Goulimis, co-founder & COO of Nova Credit, took the stage during the five sessions of the Alternative Finance track chaired
Racing Point F1 team renamed Aston Martin from 2021
LONDON, Jan 31 — The Racing Point Formula One team will be rebranded Aston Martin from the 2021 season, James Bond’s favourite carmaker announced today after securing a sizeable investment deal. Canadian billionaire Lawrence Stroll, whose son Lance Stroll drives for Racing Point, has agreed to...
Oklahoma business briefs for Jan. 31, 2020
OERB hits training milestone The Oklahoma Energy Resources Board has trained 17,000 teachers to use free energy curricula the organization offers to promote oil and gas-related science, technology, engineering, math and arts skills to their students, it has announced. Officials said the organization celebrated reaching that milestone as part of a workshop it held this month for more than 100 teachers at Cushing High School. The organization hosts 14 workshops to train teachers interested in using its curricula annually. Participating teachers receive free supplies associated with each course, plus a $50 stipend for attending the workshop.
WTI drops below $52.00 and challenges 2020 lows
Prices of the barrel of WTI are losing further ground at the end of the week and are trading at shouting distance from yearly lows in sub-$52.00 level
Buy local products for 'better tomorrow'; efforts on to make India $5 tn economy: Prez Kovind
President Ram Nath Kovind on Friday exhorted people to use locally manufactured products for a "better tomorrow" as he reiterated the government's commitment to make India a USD 5 trillion economy.
Turkey's 2-year benchmark bond yield drops to single digits
The two-year benchmark bond yield has fallen to single digits for the first time since November 2016
Economic Survey: Wilful defaulters owe Rs 1.4 trillion to lenders
The Economic Survey, tabled in the parliament on Friday, has revealed that the wilful defaulters owe a whopping sum Rs 1.4 lakh crore. As of 2018, wilful defaulters owed their respective lenders
Corporate clients could provide a lower-cost path to electric vehicles
A U.K. startup landed a $400 million order for 10,000 electric UPS trucks.
Household lending grows for third consecutive year - Central Bank
Home lending drove growth in the figures but private sector lending fell
Italy's Gualtieri: Government expects GDP to bounce back in Q1 after disappointing Q4
The Italian government expects the Gross Domestic Product (GDP) to bounce back in the first quarter of 2020 following the disappointing growth recorde
China's factory activity falls in January as Wuhan coronavirus fears grow
BEIJING: China's manufacturing activity slipped in January, official data showed on Friday (Jan 31), as the country grapples with a new virus that ...
This US-based startup helps acquire new skills at affordable prices; check details
With offices in Bengaluru and the US, Springboard has got 15,000 students in over 100 countries around the globe, of which 80 per cent are in the US
After 38 years, Island Bakery shuts off ovens
A family owned and operated commercial bakery that supplied bread to tens of thousands on the Island for 38 years has shut down its ovens.Island Bakery, which started life on Tennyson Avenue in . . .
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
Rihanna is the world's richest female musician — from yachting trips on the French Riviera to a staff that includes a chef and personal trainers, see how she spends her $600 million fortune, Business Insider - Business Insider Singapore
Business Insider - While Rihanna is known to spend lavishly on beauty, fashion, and accessories, her favorite way to spend her fortune is on others.. Read more at businessinsider.sg
Wipro CEO Abidali Neemuchwala decides to step down
Neemuchwala has served as the CEO and MD of Wipro since February 2016. Prior to that, he was the CEO of the BPO division of Tata Consultancy Services Limited
OmiseGo-Backed Exchange Shuts Down
Go, the exchange powered by OmiseGo technology, has closed after months of negligible volumes and regulatory difficulties. Go Exchange Closes on Low
Hindustan Unilever Q3: Steady performance amidst the slowdown
Despite the ongoing consumption slowdown, Hindustan Unilever has been able to maintain the same 5 per cent year-on-year growth in volumes in each of the last three quarters. It has been able to hold v
HUL to increase soap prices by 5-6 pc
According to HUL Chief Financial Officer Srinivas Phatak, prices of palm oil in the last six months have gone up by 25 to 30 per cent. "We would take the prices up in the soap part of our portfolio. We would be looking to price up between 5 to 6 per cent and they would come in a phased manner," Phatak said in a post-earnings conference call.
How Idexx Laboratories Beat Expectations in Q4
The animal health company boosted its full-year 2020 earnings guidance, too.
Aston Martin Lands Sugar Daddy in the Form of a Canadian Billionaire
A consortium led by Canadian billionaire Lawrence Stroll has agreed to buy a 16.7 percent stake in Aston Martin, pledging to increase that figure to 20 percent.
U.S. commerce secretary says coronavirus will help bring jobs to North America
U.S. Commerce Secretary Wilbur Ross said Thursday he believed the coronavirus outbreak that has left millions under lockdown in China will help return jobs to the U.S. and Mexico.
FP Dealmakers: Foreign firms gobbled up record number of Canadian companies in 2019
A number of Canadian companies were bought out by rivals or private equity firms last year
Non-food credit growth slides to 7% in Dec 19 from 12.8% a year ago
All four categories - agriculture, industry, services and retail - segments showed deceleration in credit growth
Sasol expects earnings to collapse 69%
Oil price, softer global margins and Lake Charles project weighs on first-half earnings
Flush With $4.5M Funding, Haus Launches Monthly Wine Subscriptions
Haus has secured $4.5 million in financing for its subscription-based aperitifs. Haus members can choose from three monthly subscriptions, costing $35 to $144.
Volkswagen truck unit makes offer to buy Navistar in $2.9B deal
— Volkswagen AG’s Traton SE unit has offered to buy "the rest of" Navistar in a $2.9 billion bid, according to national media reports from Bloomberg and other outlets.
Eco Survey has right vibes; will Budget reflect same thinking, asks D-Street
Here is what economists and analyst read into the fine prints of the survey.
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
Sale of.Org Domain Registry Delayed By California Attorney General
California Attorney General Xavier Becerra sent a letter to the Internet Corporation for Assigned Names and Numbers (ICANN) demanding more information about the private equity takeover of the .org domain registry. The attorney general is seeking answers to 35 questions concerning the sale as well as...
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.
Satoshi Nakaboto: ‘We should be investing in blockchain, says Andrew Yang’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Airtel, Telkom Now Want CAK Merger Conditions Reviewed
Airtel and Telkom Kenya now want merger conditions set by the Competition Authority of Kenya (CAK) reviewed and done away with.In a suit at the Competition Tribunal, the telcos want the conditions
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
Green energy could now be cheaper than fossil fuels thanks to breakthrough
Australia is on fire. Antarctica’s “Doomsday Glacier” is melting. Last year was the second hottest year on record. The six hottest years in all of recorded human history? The last
Apple supplier Japan Display secures $936M bailout from Ichigo
Japan Display has been given a much-needed bailout, agreeing on Friday to an investment of up to 100.8 billion yen ($926 million) from Ichigo Asset Management, funds that will help keep the beleaguered Apple supplier in operation.
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
GE Keeps Proving The Doubters Wrong
GE posted better than expected earnings and cash flow in the fourth quarter of 2019. Management expects free cash flow to rise to between $2 billion and $4 billion in 2020, despite headwinds from asse
SAMA launches licenses for non-bank financial institutions
The SAMA has licensed the Saudi Digital Payments Company (STCPay) as an Electronic Wallet Company, and GEIDEA Technology Company as a payment services company following the success of the trial period in an experimental environment.
India's share in global commercial services exports up at 3.5 per cent
According to the economic survey tabled by finance minister Nirmala Sitaraman, the service sector acounts for 55 per cent of economic growth
USD/CAD moves back closer to multi-week tops/200-DMA
The USD/CAD pair reversed an early dip to sub-1.3200 levels and moved back closer to seven-week tops set in the previous session. Having touched an in
Economic Survey 2020 pitches divestment in public sector undertakings
Economic Survey says public sector units performed better than peers after privatisation
Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin
Canadian billionaire Lawrence Stroll will take a roughly 20per cent stake in Aston Martin for nearly 200 million pounds (US$263 million) as the ...
US tourism & leisure industry sees a drop of 10.3% in deal activity in December 2019
The US tourism & leisure industry saw a drop of 10.3% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total of 35 deals worth $415.18m were announced in December 2019, compared to the 12-month average of 39 deals. M&A was the leading category in the month in terms of volume with 19 deals which accounted for 54.3% of all deals. In second place was venture financing with 11 deals, followed by
Wipro CEO and Managing Director Abidali Z Neemuchwala steps down
Neemuchwala cited ‘family commitments’ as the reason for his resignation.
Property where Johnny Cash, June Carter Cash once lived sold
HENDERSONVILLE, Tenn. — The lakefront property in Tennessee where Johnny and June Carter Cash lived for more than 30 years has been sold for $3.2 million.The Hendersonville Standard first reported . . .
Anti-virus maker Avast shutters data harvester Jumpshot
Privacy scandal news saw share price fall off a cliff.
Franco-British trade: Brexit and the uncertain future of the Entente Cordiale
Right now, the European Union is the UK's largest trading partner, with France and Britain in particular enjoying extremely close economic ties. But can that continue post-Brexit? With the nature of…
Macy's tech workers are afraid of losing their jobs as office closings remain unclear
A spokesperson for Macy's told Business Insider that it plans to share details of its three-year strategic plan at an investor day in early February.
Highways sector needs Rs 19.63 lakh crore investment by 2024-25: Economic Survey
Of the total Rs 102 lakh crore investment need for infrastructure projected by the National Infrastructure Pipeline (NIP), during 2020 to 2025, the highways sector will require Rs 19.63 lakh crore, the Survey said.
MagicLab billionaire Andreev to launch new mobile app business
Move follows sale of stake in $3bn company to Blackstone
After Split With FOX Channels, Roku Users Will No Longer Be Able to Stream Super Bowl
The news sent the stock on an abrupt downward trend, falling as much as 6.1% intraday
It's That Time Of Year: No, The NFL Can't Stop Every Business From Using 'Super Bowl' In Every Instance
It's an annual tradition here at Techdirt, something like our deranged version of Christmas. Whenever the start of February rolls...
Rare-earth miner Lynas to build waste treatment plant in Malaysia
Rare-earth mining firm Lynas has reached a deal with the Malaysian state of Pahang to build a waste treatment plant in the country.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
How to Buy Bitcoin 2020: Complete Guide to The Best Options
Our Ultimate Guide to buying Bitcoin in 2020 - Fresh update with all the best options to purchase with Debit, Credit Card & Bank Transfer
For start-up ecosystem to flourish, liquidity is the need of the hour
Tanuj Choudhry, Chief Business Officer, HomeLane India’s economic growth has been sluggish over the last few years and the impact has been concerning.
Anna Burns-Francis appointed TVNZ's U.S Correspondent
Fair Go reporter, Anna Burns-Francis has been appointed as TVNZ’s new U.S. Correspondent.
NSE: All-Share Index closes trading for January at 28,843.53
The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.
Red-Hot Uber Stock Might Just Prove Its Bull Case in 2020
At the start of 2020 Uber stock is looking pretty hot. Investors should keep a close eye on the name as the year unfolds.
Telecoms operators fined N2.9 billion over infractions
Four major telecommunications companies in Nigeria have been fined for various actions that contravene the rules and regulations of the NCC.
Highlights of CEA Subramanian press meet on Economic Survey: from 'wealth creation' to ‘Thalinomics'
Mr. Subramanian stressed that India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy and moving away from “pro-crony” policy.
Market Wrap, Jan 31: Sensex tanks 190 pts, Nifty below 12K ahead of Budget
State Bank of India posted a 41 per cent year-on-year growth in the standalone net profit at Rs 5,583 crore - its highest ever quarterly net profit-- for the December quarter of FY20
Eurozone economy records worst year since 2013
The eurozone economy, which is made up of the 19 countries that use the euro currency, ended 2019 with a whimper and recorded its worst year of growth since it was mired in a debt crisis in 2013.
When It Comes To Cannabis Plays, Stay Away From Aurora Stock
Without a clear strategic plan to lower Aurora Cannabis's debt pile, a bet on Aurora stock would be nothing more than a gamble.
Seagull Centre diverts more waste from landfill
The Seagull Centre in Thames is set to divert more items from going to landfill with its new Resource Recovery Park, which was officially opened today by Thames Ward Councillor Martin Rodley in a ribbon-cutting ceremony.
Magazines Dive Into Retail Again — This Time With Pot, Fashion And Delivery
Retail and magazines have always had a relationship, and recent developments indicate magazines are looking to take a more direct role in retail.
Ginni Rometty to step down as IBM chief executive
Tech giant has struggled to grow as it moves into new fields like cloud computing and artificial intelligence
Economic Survey 2019-20: India can chart China-like export trajectory
It calls for integrating ‘Assemble in India for the world’ into Make-in-India
7.3% Yield, Monthly Pay Opportunity From HFRO
Most fixed income products are getting expensive, including preferred stocks and bonds.Yet we keep finding nice opportunities for fixed income investors.HFRO has traded flat recently while most fixed
German fund acquires planned office space on former PJ Carroll’s site
Deal sees Union Investment forward fund property which US group Hines is developing
Farm confidence rises but concern about compliance costs
Farm confidence rises but concern about compliance costs runs deep
Crisil upgrades Jindal Steel's NCD ratings to positive on restart of plant
Upgrade reflects improvement in JSPL's business risk profile over medium term
Steel & Tube expecting large first half loss
One of the the country's largest steel manufacturers says adverse trading conditions will result in a large first half loss. Steel & Tube warned in November that its first half result would be less than last year's profit, but conditions were worse than expected, further impacting sales revenue and volumes. It was now forecasting a loss in underlying EBIT (earnings before interest and tax) of between $36 million and $37m in the six months to December, compared with a $9.8m underlying profit the year earlier. The result included non-cash charges of $37m related to a write-down in the company's goodwill, as well as $2m in restructuring costs and $2m in debt write-offs. The bottom line would be further affected by another $2m to $3m charge resulting from changes in tax accounting.
WWE stock plunges after Vince McMahon ousts top execs
WWE shares plunged off the top rope Friday after head honcho Vince McMahon booted two longtime executives at the pro wrestling giant. The firm’s stock tumbled 21.5 percent to $48.88 — its
Hitachi makes US$5 billion offer for full control of industrial gear unit
Hitachi Ltd said on Friday it would spend 531.1 billion yen (US$4.84 billion) to take full control of industrial equipment unit Hitachi ...
Your guide to the February ASX reporting season
Investors are bracing themselves for what could be a volatile February reporting season. Here are some stocks and secotors you should watch.
Ryanair signs Rentalcars.com to drive unrivalled car rental experience
Ryanair has partnered with to offer its travellers the best rates on the world’s largest choice of car rental inventory. By integrating Rentalcars.com’s platform across its Group Airlines, Ryanair is using the most innovative technology in the industry to create a market-leading and frictionless user experience that will deliver more car rental bookings than ever before. As a result of its improved customer journey across Web, Mobile and App platforms, Ryanair’s customers will not only be offered the widest choice of cars
The Light From The Gods Still Shines Bright - Raytheon Company Delivers In Q4
Raytheon Company just posted its Q4 numbers. 2019 was a great year, with strong growth at every level. Backlog is growing faster than bookings, bookings faster than revenue - so revenue growth can ac
QFMA to further boost Qatari capital market: CEO
The Qatar Financial Markets Authority (QFMA) is working to further improve the performance of Qatar’s capital market, which has previously been ranked among top 10 financial markets in the world in various indicators related to measuring capital market performance.
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
IBM Announces New CEO, is This Good For Blockchain?
IBM CEO, Ginni Rometty, is stepping down after 8 years of service. She is being replaced by executive Arvind Krishna. Rometty has been a great supporter
Panic in markets: If Coronavirus is not tamed, trade with China may slump
The real impact of trade can be gauged after February 8 when the Chinese New Year holidays end
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR) of N986.29 billion in...
The Return of the King: Jeff Bezos Tops World's Billionaires List After Amazon Sales Went up 21%
On Wednesday, the fortune of billionaire entrepreneur Elon Musk grew by $2.3 billion within an hour following an increase in the total market value of electric vehicle maker Tesla.
3 Big Things Today, January 31, 2020
Corn and soybean futures were little changed amid concerns about the coronavirus.
MMDA extends Pasig River ferry free ride until Feb. 29
The free ride of the Pasig River Ferry Service (PRFS) will be extended for the whole month of February, the Metropolitan Manila Development Authority (MMDA) announced on Friday.
Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy
Union Budget 2020:
U.S. lifts sanctions on unit of China's biggest shipping company
In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp., sending freight rates soaring as traders cancelled charters linked to the parent company.
Now that really IS TV gold! World's most luxurious TV with 100in screen and 24-carat gold-plated stand goes on sale at Harrods for over £100,000
The Aquavision DB100 has a 100
GBP/USD keeps the mixed outlook unaltered – UOB
Cable is expected to extend the broader consolidative mood amidst the prevailing mixed outlook, suggested FX Strategists at UOB Group. Key Quotes 24-h
World governments 'moving fast' to overhaul taxes for tech giants
A consortium of 137 countries has agreed to revamp tax rules to close decades-old loopholes for multinational corporations. It's prompted by the rise of digital firms but Apple, for one, has been a vocal supporter of reform.
Theresa May Has Earned Almost £400,000 Since Quitting As Prime Minister
May will receive a £190,000 “signing bonus” after agreeing a deal with the Washington Speakers Bureau agency last month.
Litecoin Price Analysis: LTC Surges 25% In A Week But Can Bulls Keep Up?
Among the top 20 cryptocurrencies, Litecoin is the best-performer after surging almost 15% under 24-hours. After correcting to $52 last weekend, buyers
Racing Point and Aston Martin set to work together in 2021
Racing Point will become Aston Martin's Formula 1 team at the start of the 2021 season thanks to a deal that has been done with the company and Lawrence Stroll. It is believed that Stroll has bought a stake in the British car company and the news comes after it was announced earlier that Red Bull and Aston Martin would part ways at the end of 2020.
Apple Chipmaker Says Supply Not Affected By Coronavirus
One of Apple's chipmakers, TMSC, insists it is business as usual despite the coronavirus disrupting supply chains.
Tech Mahindra to pick 70% stake in Cerium Systems
The cash transaction is expected to close by April 1, 2020.
SBI posts highest ever net on Essar Steel recovery
Asset quality improves, slippages stay elevated; no big ticket loan going forward, says CMD
I would have classified the banks into three Tiers - Mahama
news, story, article
Eco Survey calls for pro-business policies, strengthening invisible hand of markets
The invisible hand needs to be strengthened by promoting pro-business policies to provide equal opportunities for new entrants, enable fair competition and ease doing business, eliminate policies that undermine markets through government intervention even where it is not necessary, it said.
Billionaire Lawrence Stroll takes stake in Aston Martin
Canadian billionaire Lawrence Stroll will take an up to 20 percent stake in Aston Martin for nearly 200 million pounds (US$$263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances, Reuters reports. Famed for being fictional secret agent James Bond’s car of choice, the 107-year-old company’s share price…
IrrigationNZ applauds $12.7m funding for Northland water
IrrigationNZ applauds $12.7m funding for Northland water - but more urgently needed
Two-day PSU bank strike over wage revision impacts services across country
However, private sector lenders like ICICI Bank and HDFC Bank were operational.
Economic Survey suggests widening scope of Make in India to create 4 crore jobs by 2025
This can be done by integrating “assemble in India for the world” into Make in India.
Megallan Midstream reports weaker net income for fourth quarter, year over year
TULSA — Market-to-market commodity-related adjustments pushed Magellan Midstream Partners’ net income lower in the final quarter of 2019, the company reported on Thursday. Before markets opened, the company reported it earned a fourth-quarter net income of $286.4 million, or $1.25 per unit, on total revenues of about $740.7 million. In the fourth quarter of 2018, it had earned a net income of $314.1 million, or $1.38 per unit, on total revenues of about $865.7 million. Company officials said Magellan’s distributable cash flow for the fourth quarter of 2019 was a record $357.8 million, compared to $302.4 million the same period the previous year. As for the full year, Magellan reported a net income of about
Northern farmers ask Johnson for £300m to replace CAP payments
Estimates suggest that the majority of farmers rely on EU payments for at least 60% of farm income
Amazon tops $1trillion valuation on strong results
Amazon.com is back in fashion with investors. Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
Consumer price inflation has been witnessing moderation since 2014, however, there has been an "uptick" in the prices of food items, particularly vegetables, owing to output disruptions and low base
Short-term labour shortages on cards for Suffolk and Norfolk farms post-Brexit
East Anglia's farmers are set to count the cost of Brexit with a labour squeeze and higher costs - although there will be opportunities to develop stronger domestic supply chains, a report suggests.
Global thermal coal prices to fall following coronavirus outburst in China
Thermal coal imports into China are also likely to slow for a time. Already there are reports of Indonesian coal producers being asked to delay loadings. As the largest supplier of coal to China, Indonesia has the most to lose if the situation worsens and electricity demand weakens.
We Don't Know How Many Bullets, Guns or Planes China Sells Around the World
China may be the world’s No. 2 arms producer, according to a new estimate. But we still don't know how many arms it actually sells.
The Co-operative Bank accredited as a living wage employer
The Co-operative Bank has become an accredited Living Wage employer.
Excavation to Begin on Next Phase of Summerland Oil Well Cleanup
During the week of February 10, 2019, exploratory excavation work will begin on oil wells leaking onto Summerland Beach, as part of the planning for capping up to three more wells on and off the beach – including the notorious Treadwell #10 offshore well (pictured above). The actual capping work will take place during the months of June/July 2020. State Lands Commission staff notified Heal the Ocean of its progress report to the State Legislature, “Coastal Hazards and Legacy Oil and Gas Well Removal and Remediation Program,” which it presented in December 2019 as preparation for this next phase of the cleanup.
Coveney claims Brexit will 'dominate Irish politics' as UK prepares to leave the EU tonight
He also said there will be no discussions on a trade deal if there is not a ‘level playing field’.
Jakarta stock index slips 1.5 percent as Wuhan virus spreads
The JCI concluded morning trade at 5,966.87 before lunch break, breaking below the 6,000 level for the first time this year.
French Connection shares plummet after failure to secure buyer
The retailer saw shares slide by almost a third after it said it was set to post between £1 million and £2 million in losses for the year.
Nissan calls for clarity over post-Brexit trade deal
Businesses are likely to face significant changes in the way they trade, says chambers of commerce.
SK Hynix to make deep capex cut as virus spread threatens chip output
South Korea's SK Hynix , the worlds' No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said ...
Canada: Real GDP edged up 0.1% in November vs. 0% expected
The real Gross Domestic Product (GDP) expanded by 0.1% on a monthly basis in November following October's 0.1% contraction, the data published by Stat
Siemens Healthineers supplies diagnostic equipment to Wuhan hospitals
MUNICH (Reuters) - Germany’s Siemens Healthineers has supplied two ultrasound machines and a CT scanner to the Chinese city of Wuhan, the epicenter of a rapidly-spreading virus epidemic.
BDO survey: US tech firms fear trade war and Chinese innovation
Tech company chief financial officers are bullish about their company's short-term futures but are distracted by numerous regulatory and data privacy issues.
It's easier to buy a gun in Delhi than to set up a restaurant: Economic Survey
"Although India has significantly reduced the time and cost of starting a business, a lot more needs to be done," it said.
HUL reshuffles top management team
Prabha Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care, the FMCG major said in a statement. Nair will take over from Sandeep Kohli, who will relocate to Dubai as VP – Beauty & Personal Care for our North Africa, Middle East, Turkey and Russia markets, it added.
Mercedes-Benz X-Class production to end in May 2020?
The Mercedes-Benz X-Class was officially revealed in July 2017 and since its official launch it has sold 15 300 units worldwide.
IBM's big bet on cloud computing, AI and open source needs to pay off soon
Although IBM has underwhelmed in recent years, outgoing CEO Ginni Rometty may have planted the seeds for future prosperity.
These TNW2020 tracks are back by popular demand
At last year’s TNW Conference, we welcomed 350 speakers to share their ideas and visions of what’s next in tech. Divided over 11 themes, our program let you find the talks you’d enjoy the most – whether you were interested in marketing trends, the future of work, or digital art. Several of these tracks were […]
FTSE 100 stumbles as coronavirus spreads to the UK
The FTSE 100 has fallen this morning after the Bank of England left interest rates on hold, boosting the pound and hurting British stocks.
Pvt sector to get 70% of upcoming space projects worth up to $1.6 bn: Isro
In the last 25 years, the space agency has launched more than 50 PSLV rockets, and wants to launch another 50 in the next five years
Economic Survey: India skids on ranking for protecting minority shareholders
The economic survey also patted the back of the government, stating that implementation of Goods and Services Tax (GST) has helped India in improving the ease of doing business.
4 Things Investors Must Consider Before Buying Aurora Cannabis
Aurora stock is currently one of the worst-performing Canadian cannabis companies. Here are a few things to know before investing.
Thanjavur-Tiruvarur electrified stretch inspected
K.A. Manoharan, Commissioner of Railway Safety, Southern Circle, Bengaluru, inspected the electrified Thanjavur – Tiruvarur broad gauge section on Friday. He commenced the inspection from Thanjavur tr
Vrenetic will distribute its livestreaming apps in China
Vrenetic said that it will distribute its livestreaming apps in China as part of an effort to expand its market reach with new Chinese partners.
Helping prepare medium business for 2020
Medium businesses don’t have the same resources as larger businesses to pursue new technology improvements, says Brad Pulford, GM – Channel & Distribution at Dell Technologies Africa.
Indian Origin, IIT Kanpur Graduate Arvind Krishna Elected New CEO Of IBM
After a “world-class succession process”, American IT giant International Business Machines (IBM) has named Indian-origin technology executive Arvind Krishna as the new Chief Executive Officer succeeding Virginia Rometty, reports India Today.
Nonprofit Receives Grant to Help Prevent Local Oil Production
Santa Barbara County faces a tripling of onshore oil production. Three oil companies are proposing to drill and operate over 700 new wells in Cat Canyon Oil Field, posing dangerous threats to clean air, clean water, public safety, and our climate. What’s more, these oil companies are not proposing conventional oil drilling, which is risky enough, but rather they are seeking permits for extreme, enhanced oil extraction processes known as cyclic steam injection and steam flooding, which are far riskier and more energy intensive than traditional drilling. The Environmental Defense Center (EDC) has just received $10,000 in grant funding from the Fund for Santa Barbara to help confront this major threat.
Macy's: An Iconic Brand Is Trading At A Discount
When an icon is on sale, you buy it.Macy's offers a dividend yield above 8%. The dividend is well covered with a payout ratio below 50%.Macy's online strategy is paying off. The iconic name helps both
Economic Survey sources data from Wikipedia, other private entities
The Survey is also marked by quotes from Shrimad Bhagavad Gita, Rig Veda, Adam Smith's 'An Inquiry into the Nature and Causes of the Wealth of Nations', Kautilya's Arthashastra, and Tamil saint and philosopher Thiruvalluvar's treatise The Thirukural.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month. The University of Michigan said its index of consumer sentiment jumped to...
Top U.S. fund firms split over new limits on shareholder votes
BOSTON (Reuters) - Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs
A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
Suspension of UK’s China flights ‘hits up to 35,000 passengers’
British Airways and Virgin Atlantic grounded flights to mainland China.
IBM Chief To Exit Role After Sluggish Growth
IBM CEO Ginni Rometty is stepping down after eight years in which the tech giant struggled to keep up with its competition. Arvind Krishna will be the new CEO.
Economic Survey: Time to scrap Essential Commodities Act?
‘Government intervention in agriculture market doing more harm than good’
$12M funding boost - regional water storage and use project
12M funding boost - regional water storage and use project
EEP Africa: grant financing for early-stage clean power projects
EEP Africa has opened a call for proposals aimed at applicants in need of grant financing to implement innovative early-stage clean energy projects in Southern and East Africa.
GST collection crosses Rs 1.1 trn mark in January; in line with the target
In January, domestic GST collection was around Rs 86,453 cr. Around Rs 23,597 cr was collected through IGST and cess
Core Sector Growth Recovers To 1.3% In December
The growth was, however, lower than 2.1 percent recorded in December 2018.
How Political Changes Could Impact Walmart Stock
With a high forward P/E, Walmart stock is priced for perfection. Watch out for political changes this year, which may impact shares.
Market movers: Stocks that saw action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
How ‘Embedded’ Payment Providers are Transforming Fintech
Behind-the-scenes payments providers could be moving Big Tech further toward financial services.
Big share sale target in FY21? AI, BPCL, CCRI plus some more
Dalal Street analysts expect disinvestment proceeds to touch Rs 50,000 crore in FY20.
Lavender Economic Survey says growth has bottomed out, pegs GDP for FY21 at 6-6.5%
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
Talent scouts to rescue football clubs from debt with technology
Football clubs can curb their financial woes by discovering new talent. Scoutium provides qualified talent scout feedback on 90-minute infrastructure matches, enabling clubs to generate revenue with the new faces they discover
Amazon Sees Upgrades All Around Wall Street Following Solid Cash Flow, Operating Income
Web hosting services seller and online retailer Amazon.com, Inc is seeing fresh optimism from Wall Street following strong revenue growth.
Delta just suspended China flights for longer than any other airline, a red flag as the unprecedented coronavirus wreaks havoc on the airline industry
Demand has plummeted because of the coronavirus outbreak, putting airline profits and China's economy at risk.
HBC board unanimously backs Baker offer in amended and stated circular
TORONTO — The board of directors of Hudson's Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private.
When is the monthly Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for November, scheduled to be published at 13:30 GMT by Statist
Entry screening not yet on cards for Irish airports as coronavirus spreads
Low level of exposure to Chinese tourists in Ireland, tourism bosses say
Japan panel recommends ocean release for contaminated Fukushima water
TOKYO (Reuters) - A panel of experts advising Japan’s government on a disposal method for radioactive water from the destroyed Fukushima nuclear plant on Friday recommended releasing it into the ocean, a move likely to alarm neighboring countries.
Economic Survey 2020 stresses on Assembled-in-India
The Survey states that by integrating "Assemble in India for the world" into Make in India, India can generate 4 crores well-paid jobs by 2025 and 8 crores by 2030
Here’s what the P/E Ratio really tells us about an ASX share
Do you know what an ASX share's P/E ratio really tells us? The answer might surprise you!
Market Highlights: Sensex slips 190 points, Nifty ends below 12,000 ahead of Budget 2020
Share Market, Stock Market Highlights: Everything that happened in the markets.
GENOMICA is developing new Wuhan coronavirus diagnostic kit
GENOMICA, a wholly owned company of PharmaMar Group, is developing a kit to reliably detect and identify the new virus known as "Wuhan pneumonia" (coronavirus 2019-nCoV).
Union Budget 2020: Govt Tables Economic Survey, Pegs Growth Rate at 6-6.5% For FY 2020-21
The growth rate for the current financial year, ending March 31, was 5%, the Economic Survey, prepared by Chief Economic Adviser (CEA) Arvind Subramanian said. The Survey added that the rate of inflation declined from 3.2% in April 2019 to 2.6% in December 2019.
USD/CHF drops below 0.9700 as markets remain risk-averse
The USD/CHF pair erased nearly 40 pips on Thursday and seems to be having a difficult time staging a recovery on Friday. After touching a daily high o
Rand marks time as China virus, power cuts weigh
Investors clutch at hopes that China can contain the spread of the coronavirus.
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does not already own for $2.9 billion.
'Feel good' Budget may see cut in tax rate, sops for social sectors
FM is expected to pull out all stops to spur demand and investment, govt sources and economists said.
Coronavirus: NZ businesses exporting to China take a hit
New Zealand exporters are nervously waiting to see how big an impact the deadly coronavirus will have on their businesses. The disease is spreading across the globe and has killed at least 171 people and infected thousands. Restrictions in China on travel and public gatherings to try to contain the outbreak are putting the squeeze on New Zealand firms doing business in the country. New Zealand Rock Lobster Industry Council chief executive Mark Edwards said the live lobster export business had ceased after a huge drop in demand. He said the timing - during Chinese New Year, a peak period for demand and goods prices - was unfortunate.
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
GDP growth for 2018-’19 revised downwards to 6.1%
Earlier it was estimated to be 6.8%. However, slowdown in mining, manufacturing and farm sectors forced the National Statistical Office to change the figures.
Tech Mahindra profit dips 5% to ₹1,146 cr.
Firm’s revenue, however, rises 8% to ₹9,655 crore
TS plans S-Hub with ₹25 cr. seed fund
Incubator to promote start-ups, sanitation and waste water recycling
Triodos Bank CEO: 'Bankers should be eco-warriors'
Presenting at the Bristol Distinguished Address Series, Dr Bevis Watts, chief executive of Triodos Bank UK spoke on the essential role banking must play in driving action on climate change.
Wipro CEO And MD Abidali Z Neemuchwala To Step Down Due To Family Commitment
The Wipro Board of Directors has also initiated a search to identify the next Chief Executive Officer
Progress in state on potato value chain should be replicated: PepsiCo Asia head
“How can industry and farmers win together? We follow contract farming or collaborative farming, where we put farmers at the centre,” he said.
Ford Stock Is a Neutral Play in 2020
The automaker has an opportunity for growth in China but it’s got to deliver in a market not favoring light vehicles.
The Vendor’s Role In AP Automation Adoption
Hyland discusses the changing motivations behind accounts payable (AP) automation technologies' adoption, and the role of vendor collaboration in modernization.
Even This Cheap, It’s Hard to Make a Case for Chesapeake Energy Stock
Could Chesapeake Energy stock rally 20% to 30% from here? Yes. But that doesn't mean CHK stock doesn't have risks. In fact, far from it.
Farmers stuck with pineapples as prices drop to Shs 700
agriculture
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $US1 trillion for the first time since July.
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story
Macy’s is preparing to open a new retail concept in Texas.
Novartis Revenue Jumps, And Other News: The Good, Bad And Ugly Of Biopharma
Novartis revenue jumps but net income falls for Q4.Hepion's CRV431 produces positive data.Amphastar gets a CRL.
Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers
Will be fully operational from day one, firm aims to offer a differentiated experience with features such as 24/7 helplines for drivers and customers and in-app emergency button
What will happen to the Pound after Brexit?
Just what will happen to the exchange rate?
Kevin Greenard: Decline in the value of your cash savings
The average life expectancy for females and males in Canada is 84 and 80, respectively. Many people are living well into their 90’s, resulting in many retirees having to update financial plans . . .
China's yuan finds its feet after vote of confidence by WHO on coronavirus
The World Health Organisation said late on Thursday that the coronavirus outbreak was a global emergency, but opposed travel ...
Ethereum Event Attracts Global Energy Giant Sponsor, ETH Prices Up 7%
A large Ethereum gathering in the US next month is attracting some big named sponsors as BP adds its name to the list.
Invest or develop at the heart of Dunedin’s university precinct - Colliers
A superbly located property at the heart of Dunedin’s university precinct is for sale with vacant possession, providing multiple options for developers or add-value investors.
Air New Zealand update on Shanghai services
31 January 2020
CBR preview: Dealing with more uncertainties – Nordea
Analysts at Nordea Markets expect the Central Bank of Russia to leave its key rate unchanged at 6.25% at its meeting next Friday but maintained their
Qatar Airways to host 2nd CAPA Qatar Aviation Aeropolitical and Regulatory Summit
DOHA, QATAR – Following the success of last year’s CAPA Qatar Aviation, Aeropolitical and Regulatory Summit, the first summit of its kind held in the Middle East, Qatar Airways looks forward to welcoming industry leaders, national regulatory authorities, international and regional aviation organisations, and air transport executives from around the world to Doha next month for the second edition. This important summit will see senior aviation decision-makers from across the public and private sector gather for two days, from 5-6 February
Delta flight attendants fight back against Boeing and a system they claim fed them 'toxic' air
Delta flight attendants are suing Boeing following an incident where they claim “toxic” air flowed into the cabin during a routine flight, the Chicago Tribune reported.
Kobe Bryant: Helicopter company not certified to fly in foggy weather
The Island Express Helicopters, the charter company whose helicopter crashed and killed basketball star Kobe Bryant, his daughter and seven
Coronavirus: Spurt in fertiliser import costs seen due to plant closure
Exporters not to worried for now, say concerns may kick in only if virus spread isn't controlled; leather sector stand to gain.
Bank of India posts profit, scrip up 3%
The State-owned lender had posted a net loss of ₹4,643.71 crore in the year-earlier period.
Can the Fed heavily pressure the USD? – Rabobank
"While the DXY dollar index turned lower following the dovish leaning of the FOMC on January 29, it remains above its January 21 level," note Rabobank
Matthews International Corporation (MATW) CEO Joseph Bartolacci on Q1 2020 Results - Earnings Call Transcript
Start Time: 09:00 End Time: 09:23 Matthews International Corporation (NASDAQ:MATW) Q1 2020 Earnings Conference Call January 31, 2020, 09:00 AM ET Company Participants Joseph Bartolacci - President and
What to look for in earnings season
The savage market reaction to a number of startling share downgrades this week is a reminder that hefty price gains may not reflect earnings prospects.
Buyer Payments And Seller Payouts In A Changing Sharing Economy
Here's a look at the evolution of buyer payments and seller payouts in the changing sharing economy.
This Industrial Giant Is Giving Up and That's a Good Thing
After years of trying to turn things around, it's finally time to say goodbye to a struggling sector.
SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip
During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%
Free bandwidth for office parks – Accelerit Business Solutions
Accelerit is offering the first five clients to sign up on its feasible office parks free Internet based on a needs analysis conducted with the client.
We are comfortable buying retail: Newmark plays against flow
Property fund veteran and former Hawthorn footballer Chris Langford is playing against the real estate flow and buying retail assets.
SK hynix’s 2019 operating profit plunges 87%
South Korean chipmaker SK hynix’s operating profit in 2019 plummeted 87 percent to 2.7 trillion won ($2.2 billion), amid the continued fall in memory chip prices and lower demand, according to its earnings report released Friday. The world’s second-biggest memory provider raised 26.9 trillion won in annual sales last year, a 33.3 percent plunge from 2018. The net profit nosedived 87 percent to 2.02 tril...
Slowdown bottomed out, GDP expected to grow at 6.5 per cent: Chief Economic Adviser
The Economic Survey has projected the GDP to expand by 6-6.5 per cent
Canada’s economy bucks forecasts, posts surprise gain
Statistics Canada says GDP grew by 0.1 per cent in November despite impact of rail strike, pipeline disruption; economists had expected no increase for the month
Turkish conglomerate Anadolu sells McDonald's franchising rights
Turkey's Anadolu Group Holding, one of the country's largest conglomerates, said Thursday that all shares of Anadolu Restaurant, which includes the Turkish...
Unilever Plans to Dump PG Tips as Tea Sales Fall
Enormous international conglomerate Unilever has had enough of selling tea bags to British people, and is trying to offload its PG Tips and Lipton brands in the face of falling overall sales of tea products. It probably should've kept that to itself before trying to negotiate a price.
SpaceX's workhorse Falcon 9 rocket expected to reach major launch milestone in 2020
Hours after SpaceX launched its 240th new Starlink satellite into orbit, Elon Musk took to Twitter to cryptically reveal that the company’s workhorse Falcon 9 rocket could “reach triple digits this year” if everything goes according to plan. Designed and built by SpaceX in the late 2000s, the Falcon 9 rocket launched for the first […]
When It Comes To IQIYI Stock, Investors Should Tune Out
IQIYI has staged a nice rally, but that's likely to fizzle out in the face of tough macroeconomic headwinds.
Lcal digital spending to grow 2.7 times in a market worth US$9.1 bil locally
KUALA LUMPUR: Digital spending in Malaysia is expected to grow 2.7 times in 2025 in a market estimated to be worth US$9.1 billion.
Your business week: Halo Business Angel Network, SFA Business Connect 2020
Expert insight on hand from conference in Co Wicklow organised by Enterprise Ireland
Plastics ban can't be instant, restaurants warn Ottawa
OTTAWA — Canada's restaurant owners are eager to do their part to curb this country's addiction to plastics, their association says, but they want the government to leave time for them to adapt to a . . .
Tractor Supply's Shopper Trends Turn Negative
The retailer blamed unusually warm winter weather for a sharp growth slowdown over the holiday season.
Gold steadies around $1,580, looks to post highest monthly close since April 2013
After closing the previous day with small losses near $1,570, the XAU/USD pair edged higher on Friday and remains on track to register its highest mon
2020 predictions: 5 telling trends in 3D printing
Hype or new hope? Is 2020 the year 3D printing actually disrupts high-volume manufacturing?
Central Bank Digital Currency (CBDC) Is Becoming a Big Topic in Asia
An official at Japan's central bank has signaled a willingness to embrace a digital yen & Cambodia is pushing ahead with it's own blockchain-powered currency
Economic Survey suggests cutting subsidy to increase fiscal legroom
Cutting the food subsidy can help provide more fiscal room, according to the Economic Survey.
EUR/USD: Extra gains seen above 1.1088 – Commerzbank
Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted the pair faces a tough hurdle in the vicinity of 1.1090. Key Quotes “EUR
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
These engineers left their jobs to develop a sex education curriculum
'That mate' talks about topics not taught in school from puberty, sexual, mental and emotional health to financial literacy. The start-up has tie-up with over 100 schools and already provides content in form of comics, games etc. They are now moving towards a mobile-based app and a chat-bot.
Fire shifts review planned
Shropshire’s fire brigade plans a review to help part-time staff manage their work-life balance while maintaining cover, but some stations have “pre-empted” this by changing their shift systems, the governing body has heard.
Long queues return to banking halls, as customers avoid new ATM withdrawal limits
Customers of various banks now prefer to withdraw cash over the counter in the banking hall to using Automated Teller Machines (ATM).
Economic Survey backs Temasek-like model proposed for divestment
Survey recommends transferring stake of listed govt firms to a corporate entity
Apple suppliers mixed over threat from China's Coronavirus
Supply chain sources say that while fabrication firms TSMC and UMC report no change in operations, Taiwanese chip design firms are expecting an impact on demand because of the Coronavirus.
Fiscal deficit target may be relaxed to arrest declining growth: Economic Survey
The Medium Term Fiscal Policy (MTFP) statement presented with the Budget 2019-20, pegged the fiscal deficit target for 2019-20 at 3.3 per cent of gross domestic product (GDP), which was further expected to follow a gradual path of reduction and attain the targeted level of 3 per cent of GDP in 2020-21, and continue at the same level in 2021-22.
Senate probes NNPC over $396m spent on refineries’ maintenance
The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on..
What other tourist darlings can learn from the sudden end of Iceland’s ‘miraculous’ tourism growth
For much of the past decade, Iceland welcomed tourists in record-breaking numbers. But to the relief of locals, growth has slowed. Here’s what other tourist darlings can learn from the sudden end of Iceland’s ‘miraculous’ tourism growth
How analytics can help expand market share and generate revenue
Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.
Editor’s note: Cheering failure might sound preposterous – but don’t knock it until you’ve tried it
There’s no shame in admitting defeat. To prove it, the February issue of Report on Business magazine features eight inspiring leaders telling us what they learned from their biggest mistakes
Years of red ink before Sargon's downfall
The holding company of high-powered fintech superannuation group Sargon Capital lost nearly $25 in the two years before it tumbled into receivership, and it is yet to file accounts for last financial year.
Eaton maintains its B-BBEE Level 1 status
Eaton has maintained its B-BBEE Level 1 status for the third year in a row setting the lead amongst the top power management companies in South Africa.
Blow to Kenyan farmers as agency bans avocado export
Traders accused of shipping immature crop due to high demand.
HUL reshuffles top management team
Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care
Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey
According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average
USD/CNH now eyes the 7.04 area – UOB
Following the recent price action, FX Strategists at UOB now see USD/CNH attempting a move to the 7.04 region in the next weeks. Key Quotes 24-hour vi
Varcoe: Beyond politics, Teck’s oilsands project hinges on partners, pipelines — and prices
A political brawl has erupted over a pending federal decision on the massive Frontier oilsands mine, but it’s only one of several barriers facing the mega-project.As Alberta presses the Trude…
Bharti Airtel removed from DGFT’s Denied Entry List
Telecom major submits
Investors get bullish after WHO lauds China's coronavirus response
"For now, the market’s risk lights have shifted from flickering on red to a steady shade of amber."
Neemuchwala quits Wipro, analysts say it’s good for tech giant
‘His tenure was fraught with struggles’
Luckin Coffee Should Perk Up Your Portfolio
Luckin is growing at a breakneck pace.Profitability is on the horizon.The business and growth plan seem solid.The recent price drop provides a good entry point.
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter, Business Insider - Business Insider Singapore
Business Insider - Fewer Chinese tourists and a drop in US exports to China could weigh on the economy.. Read more at businessinsider.sg
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
Bitcoin’s System is The Only Way to Build Cryptocurrency: Investment Firm Exec
Founder of Morgan Creek Capital, Mark Yusko, believes Bitcoin’s Proof of Work (PoW) consensus is the only viable protocol on which to build a digital
Aston Martin Sells Part of Itself and Pivots to F1
Aston Martin is no longer cash-strapped and in peril, as car enthusiast billionaire Lawrence Stroll has smashed into the office and handed over £182m in return for him and his car-loving businessmates taking a 16.7 per cent ownership stake in the company. It's Dragon's Den for real.
165,000 baby sleepers from 4 different brands were just recalled for risk of infant suffocation — here's the list of recalled products
The US Consumer Product and Safety Commission (CPSC) recalled four brands of infant sleepers due of the risk of babies suffocating in them, according to a new report from NBC New York.
Suspension of UK’s China flights ‘hits up to 35,000 passengers’
British Airways and Virgin Atlantic grounded flights to mainland China.
Smoothing Bumpy Cash Flow For Small Town Governments
Springbrook discusses the cash flow challenges of local governments prioritizing timely supplier payments and budget transparency.
Ripple Price Analysis: Following 8% Weekly Gains, Did XRP Finally Find The 2020 Bottom Against Bitcoin?
TL;DR XRP increased by a further 1.33% over the past 24 hours, resulting in a weekly increase of over 8%. Against Bitcoin, XRP rebounded from the support
3 Warren Buffett Picks That Most Investors Missed
Even many Buffett followers haven't picked up on some of these winners. Did you?
Only 18.75% Lagos residents are registered taxpayers — LIRS
LIRS has said that only 4.5 million or 18.75 percent of the 24 million people resident in Lagos State, representing 18.75 percent are...
Needed: fewer regulations for start-ups, says CEA Krishnamurthy Subramanian
“With a rank of 163 of the 190 nations in enforcing contracts, only a few countries like Afghanistan, Mozambique, and Zimbabwe perform worse than India.”
Vedanta implements resolution plan to bag Ferro Alloys via NCLT route
Company's foray into ferro alloy business to strengthen its steel business portfolio
DHFL account classified as ‘red-flagged’ by State Bank of India
State Bank of India has classified the Dewan Housing Finance Corporation Ltd (DHFL) account as a red-flagged account (RFA) and said it would scrutinise the home loan pools purchased from the trouble
Sales of over 1.7k listed manufacturing firms contracted by 7.7 per cent in Q2: Survey
The Survey, tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman said demand conditions for the manufacturing sector weakened in September quarter of 2019-20 with a contraction in nominal sales, citing RBI studies on corporate performance.
Economic Survey 2020: Theme, Colour, Significance | All You Need to Know
"As PM Narendra Modi said wealth can't be distributed unless it's created," said the CEA explaining why wealth creation has been chosen as the theme of this year's economic survey
Processes of exports, imports at KIA have improved vastly: Economic Survey
‘This is after implementation of authorised economic operators policy in 2016’
Big corporates opt for WeWork shared office tenancy
The economic downturn and a trend towards flexible office environments see WeWork become home to large enterprises, says WeWork SA GM Stafford Masie.
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
The Merchants Guide To Navigating Global Payments Regulations examines how financial and data regulations are changing across different markets like Singapore.
Stanley Black & Decker Comes In A Little Light, But Has Drivers For 2020
Stanley Black & Decker had a mixed fourth quarter, with revenue coming in a little light outside of Security, but good margins in the Tools & Storage business.A healthy residential repair/remodel mark
China virus may cause delays of anti-pollution equipment retrofits on ships
TOKYO/SINGAPORE (Reuters) - Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on Friday.
Japanese billionaire Maezawa pulls out of dating show that promised the moon
Japanese fashion billionaire Yusaku Maezawa has pulled out of a documentary search for a girlfriend to take on his voyage around the moon,
Explainer: Through the Brexit looking glass - What changes and what stays the same?
LONDON (Reuters) - Brexit is the United Kingdom’s biggest geopolitical move in decades. What will change and what will stay the same when Britain officially leaves the European Union on Friday at 2300 GMT?
Pricing Your Apartment in a Slow Market
For sellers with high hopes, the reality of the current market can be deflating.
3M Company: Buy The Crisis, Collect The Dividends, And Sell The Turnaround
3M is absorbing substantial restructuring costs and just announced 1,500 layoffs.The market's reaction to recent news is not totally unjustified, but we are not so easily swayed. Stoic investing is we
ServiceNow aims to court CEOs, expand use cases beyond IT
CEO Bill McDermott said he has all he needs to expand ServiceNow into a company producing $10 billion in revenue a year.
VN-Index plummets further amidst coronavirus crisis - VnExpress International
The benchmark VN-Index plunged 22.96 points, or 2.39 percent, to 936.62 Friday to reach its lowest level since February 11 last year.
Cutting down waste: Jakarta's traditional markets to drop single-use plastic bags by July
As an alternative, vendors are expected to educate and provide their customers with ecofriendly bags.
ITC Q3 net profit grows 29% to Rs 4,048 crore
Net sales increased 5.71 per cent during the December quarter this fiscal to Rs 13,220.30 crore, as opposed to Rs 12,506.05 crore in the corresponding period a year ago
Chinese tourists cancel trips to Canadian hotspots such as Banff, Yellowknife
Tour companies and hotels in destinations popular with Chinese tourists are starting to see cancellations after a new form of virus that has led to mass quarantines and more than 200 deaths in China.
India's annual growth slows to 5% as New Delhi vows revival
India needs to create jobs for the 1.2 million new entrants to the labor market every month but unemployment levels have hit a four-decade high.
SBI Q3 results: Profit jumps 41% to Rs 5,583 crore; asset quality shows big improvement
Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year.
UPS innovation: Protecting critical loads and the national grid
Data centre technology, specifically uninterruptible power supplies (UPS), can be used to support the power grid and balance the load.
Economic Survey: Take a cue from China to create 40 million jobs by 2025
Economic Survey: Take a cue from China to create 40 million jobs by 2025 Survey suggests integration of Assembling in India into Make in India
F&O: Over to Budget; banking stocks only hope as bears rule
India VIX moved up 3.38 per cent to 17.36 level.
Buy Now, Pay Later Platform Klarna Launches In Australia, Takes Swipe At Afterpay
There's another service that lets you buy products and pay for them later. Klarna launched on Thursday in Australia in partnership with the Commonwealth Bank – and it's not shy in telling retailers why they should adopt it rather than Afterpay....
Gallup: Credit Unions Feel The Love
The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup organization showed. Delving into customer sentiments across measures – including "helps me reach my financial goals" and "puts my financial well-being ahead of the interests of the bank" – Gallup found that credit unions are crushing it. Banks, not nearly as much. Banks did not surpass credit unions in any criterion used by Gallup. In fact, it wasn't even close. Though respondents had generally positive feelings about banks – for example, about financial institutions (FIs) being helpful during difficult life events – the focus on relationship-building and more personalized forms of finance have given credit unions the edge. For those who capitalize on it, the advantage will come in handy as FIs shapeshift their way to greater customer-centricity. How CUs sustain their unique brand of customer loyalty is among the core insights from the latest
Need to address key challenges in farm sector for doubling farmers' income: Survey
Issues such as investment in agriculture, water conservation, improved yields through better farming practices, access to market, availability of institutional credit, increasing the linkages between agricultural and non-agricultural sectors need urgent attention, it said.
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
Economic Survey outlines strategy to achieve $5 trillion economy, says PM Modi
In a social media post, PM Modi said that the Economic Survey, tabled in Parliament today, highlights the government's strategy to achieve $5 trillion economy.
Eco Survey flags 'disproportionate dwarfism' of Indian banks, calls upon PSBs to become efficient
Flagging 'disproportionate dwarfism' of banks, Economic Survey called upon PSBs to become efficient.
EUR/USD approaches a 1.1100 as the US dollar drops further versus majors
The EUR/USD pair rose further and printed a fresh weekly high at 1.1090. So far today it gained more than fifty pips, having the best daily performanc
Unilever sales growth stagnates amid sluggish household consumption
The Anglo-Dutch company booked a 2.7 percent year-on-year (yoy) growth in sales to Rp 42.9 trillion (US$3.15 billion) in 2019, the company said in a statement obtained by The Jakarta Post on Thursday.
Buyer pays 30 per cent above asking price to nab King West loft
This roughly 600-square-foot unit is in a nearly 20-year-old building across from Massey Harris Park that is composed of two-storey units with loft-like characteristics
10 promising Italian startups to watch out for in 2020
Besides their great taste in food, style and ice cream, Italians also have an innate sense for starting a business. The Italian government has introduced more than a few initiatives to simplify the challenges that young companies face – in 2012, Italy introduced the ‘Italian Startup Act‘, which brought with it tax incentives for investors, a fast-track visa for entrepreneurs, more relaxed labor regulations, and a simpler registration process for new companies. Startups can also obtain grants or loans from Invitalia, as well as apply for the Italia Startup Visa from the Ministry of Economic Development and Ministry of Foreign Affairs. Hubs like Turin and Rome are gaining traction, and investors are increasingly taking interest in due to a new host of success stories.
Third day of talks between Ontario's public elementary teachers and government
TORONTO — Contract talks are to resume today for a third day in a row between Ontario's public elementary teachers and the government.
Stroll acquires stake in Aston Martin
A consortium that includes Quebec billionaires Lawrence Stroll and Andre Desmarais is taking a significant stake in British car manufacturer Aston Martin — a move expected to have repercussions in the Formula One world.
View: Public sector bank network, a good idea
It is vital for India to swiftly enact the law on data protection, given the kind of data sharing that has been envisaged in the PSBN.
NLA gets new office complex in Volta Region
news, story, article
Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
The corporate tax cut announced by FM last Sept will benefit less than 1 pc of firms, as per Economic Survey.
5 ASX growth shares to boost your portfolio performance
Here's why I would pick A2 Milk Company (ASX: A2m) shares and these 4 other ASX shares to boost your portfolio performance.
Apple Supplier Japan Display Reaches $930 Million Bailout Agreement With Ichigo
Struggling Apple supplier Japan Display has reached a deal with Ichigo Asset Management to receive up to 100.8 billion yen ($930 million USD) in bailout funding.
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
EU overwhelming vote to unify charging cable standards - Gizchina.com
EU overwhelming vote to unify charging cable standards. The core of the resolution by the European Union is to reduce the amount of e-waste.
Trade setup for Budget day: Nifty has strong support at 11,900, 11,850
On the upside, NSE Nifty has resistance at 12,125 and 12,200 levels.
About 12, 787 farmers benefit from PFJ in East Mumprusi Municipality
news, story, article
Economic Survey: Why erosion of taxpayers’ money in PSBs is a much deeper issue
While the Economic Survey helps in quantifying the loss, it fails to point out the graver issues at hand
Millennials Aren’t Spending All Their Money on Avocado Toast, Actually
They are burdened by student loans, but new data shows they have saved more for retirement than Gen Xers did at the same age.
Economic Survey: Need to address challenges in farm sector to double income
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
Financial Institutions, Inc. (FISI) CEO Marty Birmingham on Q4 2019 Results - Earnings Call Transcript
Financial Institutions, Inc. (NASDAQ:FISI) Q4 2019 Results Conference Call January 31, 2020 08:30 AM ET Company Participants Shelly Doran - Director, Investor and External Relations, EVP and General C
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
The Survey has recommended measures to safeguard farmers through procurement under Price Stabilization Fund to help regulate the price volatility of important agri-horticultural commodities and also added that MSP needs to be made more effective. For the current financial year so far, food and beverages emerged as the main contributor to retail inflation.
Nintendo confirms there will be no new Switch models this year
Earlier this month, DigitTimes claimed that Nintendo had started volume production for a new Switch that would launch mid-2020. We also heard from an industry analyst who was convinced a Nintendo Switch Pro, which supported 4K resolutions, came with bigger…
Security Token: MERJ Exchange to List Tokenized Offering of Collectible Cars
MERJ Exchange, the official stock exchange of Seychelles and a marketplace seeking to leverage digital security offerings, has partnered with Liechtenstein-base
Final call to apply for CiTi’s Women in Business programme
Today’s the deadline to apply for CiTi's upskilling programme for female entrepreneurs in the Western Cape.
Canadian Nov. GDP will be in focus on Friday – TDS
Analysts at TD Securities (TDS) offered a brief preview on Thursday's release of Canadian monthly GDP print for November and also the near-term outloo
Global smartphone sales of 2019 revealed, with Apple taking top spot in Q4 2019
With 2019 over, it was only a matter of time before analysts shared the big numbers for 2019. Research organisations have provided a few interesting facts to chew on, such as how Samsung still holds the largest smartphone market share, Huawei overtaking Apple for the overall second spot, and Apple managing to snag a top spot for Q4 2019.
CMA new boss talks tough against issuing profit warnings late
NAIROBI, Kenya, Jan 31 - The Acting Chief Executive of Capital Markets Authority Wycliffe Shamiah has warned companies listed on the Nairobi Securities Kenya breaking news | Kenya news today |
50 Barron's 2020 Broker Picks: 31 Pay Dividends
Annual stock lists are fair game for Dog Catchers. This Barron's Roundtable 50 watchlist appeared in two weekly issues - 1/20 and 27/20.Barron's convened 10 veteran Wall Street investors and economist
Spread some of the infrastructure spending wider
An increase in central government’s contribution to local authority roading costs should be a priority for some of the $4 billion in unallocated infrastructure spending the Government still has up its sleeve, Federated Farmers says.
FG targets $150 billion revenue from Zero-oil plan
FG has disclosed that it is targeting additional $150 billion to the foreign reserves in the next 10 years through its zero-oil plan.
Austria’s FMA Warns Against Swissinv24 Ltd
Austria's FMA has published a warning on its website this Friday against Swissinv24 Ltd, an alleged provider of trading platforms.
CBOT Trends - Corn, soybeans, wheat steady-down 2 cents per bushel
CHICAGO, Jan 31 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.WHEAT - Steady to down 2 cents per bushel* Wheat futures mostly lower on risk-off trading ahead of the weekend.* Most-active CBOT March soft red winter wheat futures contract hit resistance at its 20-day moving average during overnight trading session. Consolidation was noted at the 30-day moving average.
Lilly posts higher-than-expected profit as new drugs lift outlook
Eli Lilly has posted higher-than-expected profit on the back of increasing demand for its newly launched drugs, despite fighting continued price erosion and pressure in the US.
National Statistical Office revises growth down to 6.1% for 2018-19
“Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at ₹139.81 lakh crore and ₹131.75 lakh crore, respectively.”
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city, Business Insider - Business Insider Singapore
Business Insider - Ola is a rival to Uber, but shares the same big investor.. Read more at businessinsider.sg
Splunk Stock Will Keep Powering Higher Despite Being Overvalued
Splunk stock isn't cheap -- it's probably overvalued here -- but valuation alone won't stop the SPLK rally.
IBM CEO Ginni Rometty retires
The company’s chairman, president and chief executive officer will be replaced by Arvind Krishna.
Looking for reliable information about the Wuhan virus just became easier as Google and WHO jointly activate SOS alert, Business Insider - Business Insider Singapore
Business Insider - The results page will display top stories from major news sites, as well as links to World Health Organisation advisory information and FAQs about the coronavirus.. Read more at businessinsider.sg
Ezekiel Mutua Splashes Millions on His Barber
The Kenya Film Classification Board (KFCB) boss opened up on the heart-melting story of how he worked with the struggling youth to...
Restless Ivanti Customers Promised More Care, in a Major Shakeup
US-based IT security and service management firm Ivanti is attempting to shake up the company and reconnected with its customers.
Delta, American, and Several Other Airlines Worldwide Suspend Flights To and From China Amid Coronavirus Fears
Delta Air Lines and American Airlines said on Friday that they will suspend all U.S.-China flights for at least several weeks due to the coronavirus outbreak. Delta on Friday said its China service suspension will begin Feb. 6 and last through April 30, but it will continue to operate the service un...
Going with the wind energy in Latvia
Going green has been an international hot topic for a while, with Latvian President Egils Levits discussing at the recent World Economic Forum how Latvia could become a renewable energy role model, and an increasing portion of the Latvian energy portfolio will be made up of wind energy.
IHG debuts upscale brand, voco in Africa with Valor Hospitality Partners Africa
JOHANNESBURG, SOUTH AFRICA - InterContinental Hotels Group, one of the world’s leading hotel companies, has signed voco The Bank, Rosebank in South Africa in partnership with Valor Hospitality Partners Africa. Earlier this year, IHG announced the signing of a Master Development Agreement (MDA) with Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years, across IHG’s portfolio of brands in midscale, upscale and luxury segments. This is the first signing under the MDA and adds
Nintendo CEO says no new Switch model this year
The Kyoto-based company has long been rumoured to be preparing an upgraded version of the hybrid home-portable Switch as it nears the end of its third year in the market.
Boeing: A Lot Of Pain With Light At The End Of The Tunnel
Boeing experienced a great deal of pain last year due to its 737 Max issues.These problems have extended into 2020 and will likely persist during at least the first half of the year.The balance sheet
GBP/USD looks supported by the 1.2929/08 band – Commerzbank
In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable looks supported by the 1.2929/08 region. Key Quotes “GBP/U
China banks borrow from SARS playbook in preparation for market reopening
SHANGHAI: Chinese financial firms will deploy measures used during the SARS outbreak nearly two decades ago to combat the new virus when markets ...
The Week In Payments: China, China, Challenger Banks And Bitcoin
If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement.
Optus Cops Massive Fine For Spamming 750,000 Unsubscribed Customers
The Australian Communications and Media Authority (ACMA) has fined Optus over $500,000 for breaching Australia's spam laws....
Strategic strata moves rattle Melbourne's city grid
In an intriguing start to the year for the CBD strata market, property developer Salta has snapped up a second floor in a seven-storey building on Exhibition Street.
USD/JPY stays under pressure and targets 108.40 – UOB
FX Strategists at UOB Group keep the negative view on USD/JPY and still see a potential move to 108.40 in the next weeks. Key Quotes 24-hour view: “Th
Rockwell Automation Puts Up A Decent Quarter In A Challenging Macro Environment
Rockwell did miss at the segment profit line, but revenue was better than expected and full-year guidance was maintained.Rockwell's digital efforts seem to be gaining some traction, and it looks like
Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin
After launching trading of gold-pegged stablecoin Tether Gold last week, Bitfinex cryptocurrency exchange now allows users to trade Tether Gold against Bitcoin.
US: Income growth is not what it used to be – Wells Fargo
Data released on Friday in the US showed that personal income rose 0.2% and spending 0.3% in December. Despite a tight labor market, year-over-year re
Buy the Bloodshed in Twitter Stock After the Q4 Earnings Release
Twitter stock tumbled badly following the underlying company’s Q3 earnings report and unfortunately, Q4 may not be so hot either. But there are enough positives in this story to warrant a contrarian mindset.
Brexit: what’s next? The crunch dates ahead and what investors expect - CityAM
The UK voted to leave the European Union by a margin of 52% to 48% in a referendum held on [...]
Shell and TransDiesel to Partner in NZ
31 January 2020
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
ISRO readying low-cost satellite launch vehicles worth Rs 30-35 cr
ISRO has planned some 500 Polar Satellite Launch Vehicle launches in the next five years, a press release quoting Haridas said
Volatility In SmileDirectClub Likely To Continue So Waiting To Buy May Be Best
SmileDirectClub, Inc went public in September 2019 as a unicorn, being valued at over $5B.While margins are showing improvement, net margin is still negative mainly due to high customer acquisition co
Tokyo stocks close higher after WHO virus ruling
TOKYO, Jan 31 — Tokyo stocks closed higher today after the World Health Organisation declared the new coronavirus an international emergency but held off on recommending restrictions on the movement of people. The benchmark Nikkei 225 index gained 0.99 per cent, or 227.43 points, to end at...
ING the second Netherlands bank to turn to negative savings interest
Banking institution ING has become the second bank in the Netherlands to charge a negative interest rate on certain savings accounts. Customers will face a -0.50 percent interest rate for any amount
CFTC Chairman Heath P. Tarbert Wants US to Take the Lead in Adopting Cryptocurrencies and Blockchain Technology
Dr. Heath P. Tarbert, chairman and chief executive at the US Commodity Futures Trading Commission (CFTC), recently stated that he would like to see the United S
Rail investment ‘fantastic news’ for Northland, says Reade
January 31, 2020
Buy the JPY, sell the AUD? – Rabobank
"At the bottom of the G10 league since January 21 are the NOK, the AUD and the NZD," note Rabobank analysts. Key quotes "These three currencies have b
Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?
Tesla is among the top-performing assets of 2020 so far, and one of the few financial assets that has outperformed Bitcoin and the rest of the
Market wrap: all the leasing and sales activity in and around Sydney
Sydney's inner south shines during leasing activity.
Consumer Sentiment Jumps Higher
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation. | Economy
A New Model for Crowdsourcing Innovation
Make sure participants deliver ideas — and a business plan.
SBI invests $20m in core banking-API integration firm OpenLegacy
Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.
Amazon’s latest milestone: 150 million Prime members
Amazon said part of the reason for the jump in Prime members is its promise to deliver more of its goods in one day instead of the two.
Do Not Put Ocean Power Technologies Stock in Your 401k
The Ocean Renewable Energy Action Coalition just launched. As a result, is Ocean Power Technologies and OPTT stock worth a look?
A Few Short-Term Challenges Don't Cancel Ingersoll-Rand's Strong HVAC Results
Ingersoll-Rand's fourth quarter results were not strong as reported, with a $0.06/share miss at the operating line, but underlying HVAC performance was very good.Thermo King is going through its cycli
All Nippon Airways and Singapore Airlines deepen partnership with joint venture agreement
Strategic partnership aimed at providing customers with enhanced flight connectivity and access to a wider network.
Sally Ann will surpass goal
Back in November, Kelowna's Salvation Army set a lofty goal of raising $700,000 in its annual Christmas campaign.
Airlines suspend China flights because of coronavirus
(Reuters) - Airlines are suspending flights to China in the wake of the new coronavirus outbreak.
VC Deals: AbbVie Joins $50M For Inflammatory Disease Treatments
Welcome to Seeking Alpha’s Venture Capital Deals of the Week. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Friday afternoons. AbbVie Ventures (NYSE:ABBV) partic
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened., Business Insider - Business Insider Singapore
Business Insider - Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.. Read more at businessinsider.sg
Pensioner demands R37K refund after builder 'ran away with money'
A Lotus River pensioner is demanding her money back after a builder allegedly “ran away” with her money.
Funding National Infra Pipeline would be a 'challenge': Economic Survey 2019-20
To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy, the survey said.
Govt plans to sell 15% take in HAL via offer for sale
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer.
Pro-business policy critical to achieve $5 trillion economy, says Economic Survey
The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate
Production pattern is not in sync with the demand: The Economic Survey 2019-20
The survey said that the share of cereals declines steadily as MPCE level increases, from about 19 per cent for the bottom decile class of rural India to about 5-6 per cent for the top decile class, and from 15 per cent for the bottom decile class of urban India to under 3 per cent for the top decile class.
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Miners Accumulating Ethereum at a Rapid Rate May Take ETH to Record High
The Ethereum (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market
Ukraine sunseed, rapeseed harvest rises in 2019
KIEV, Jan 31 (Reuters) - Sunflower harvest in Ukraine, the world's biggest sunflower oil exporter, rose by 7.7 percent to 15.3 million tonnes in 2019, the state statistics service said on Friday.Ukraine has increased its sunoil exports by around 60% so far in the September 2019 to August 2020 season, to 1.96 million tonnes. It exported 6.063 million tonnes in the 2018/19 season, according to the Ukrainian sunoil producers' association.
Privatised CPSEs reported better profit, sales after transition: Eco Survey
The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)
United Airlines Stock Is Poised for Lift Off After Encountering Turbulence
The selling in United Airlines stock has gotten overdone on coronavirus fears. The company has limited exposure and is primed for a rally.
Caterpillar’s 2020 outlook adds more gloom to virus-shaken markets
The outlook signals headwinds for machine sales, which fell the most in nearly three years in December.
Public Mutual declares distributions of more than RM64m for five funds
KUALA LUMPUR, Jan 31 — Public Mutual, a wholly-owned subsidiary of Public Bank, today declared distributions amounting to more than RM64 million for five funds for the financial year ended January 31, 2020. The gross distributions include 5.0 sen per unit for Public Money Market Fund, 4.25 sen...
GDP growth expected to strongly rebound to 6-6.5% in FY21: Economic Survey
India's economic growth is expected to "strongly rebound" to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms.
NCG joins Northern Powerhouse Partner Programme
'Realising the potential of the North through investment in skills is a huge opportunity – and NCG will lead the way'
Wall Street opens in red as coronavirus headlines continue to dominate
Wall Street's n indexes started the last day of January in the negative territory as investors continue to react to heightened concerns over the coron
EU seeks to put brave face on Brexit day, warns UK of costs of divergence
BRUSSELS (Reuters) - European Union leaders sought to put a brave face on Brexit on Friday, saying the remaining 27 countries united can tackle climate change and technological transformation despite losing a member state for the first time.
3 ASX mining shares with dividend yields over 10%
If you're looking for huge income shares today then Whitehaven Coal Ltd (ASX: WHC) and these two mining companies definitely fit the bill.
Indian-origin Arvind Krishna Replaces Virginia Rometty As New IBM CEO
Indian-origin Arvind Krishna has been elected as the next Chief Executive Officer (CEO) of IBM, the American IT giant, succeeding Virginia Rometty on Jan 30.
Posco’s operating profit down 30% in 2019 amid industry downturn
South Korean steel giant Posco said Friday its operating profit dropped 30.2 percent in 2019 from the previous year, amid the overall industry downturn and protectionism by major trading partners. The steelmaker said its revenue stood at 64.3 trillion won ($53.9 billion), down 0.9 percent on-year. The operating profit posted at 3.86 trillion won, while net profit was 1.98 trillion won last year. The operating margin...
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
AI: from experimentation to adoption
IBM commissioned a survey of 4,500 technology decision-makers and found that AI is being successfully adopted by the mainstream business world.
Ginni Rometty to Retire after 40 Years at IBM
With IBM CEO and President Ginni Rometty retiring, Big Blue looks set to have an influx of Red Hat blood, as Jim Whitehurst takes over as...
Carnoustie residents demand renewables giant moves controversial cable landing site
Carnoustie community leaders have moved to protect local tourism from “huge disruption” caused by controversial plans to bury an electricity cable next to their world-famous golf course.
Economic Survey 2020 has a clear message for Nirmala Sitharaman
Growth in the current fiscal year would come in at 5 per cent, as per Economic Survey.
The great Baillieu stockbroking sting
Should two Melbourne brothers have picked up on the signals coming from a mysterious Arab financier that he was part of an elaborate entrapment?
BSNL set to revamp; half the employees are retrenched today
Barat Sanchar Nigam Limited (BSNL) is all set to rejuvenate the public telecom sector by bringing alterations in services and work. As part of the move the country is to witness the largest retrenching of employees.
Just announced - PGF funding for Northland water storage and use project
Today’s (Friday’s) announcement of a $12 million boost for the water storage and use project underscores the Government’s confidence in the scheme and the region, says Northland Regional Council Chair Penny Smart.
A little-known trucking company surges nearly 58% after Volkswagen makes a surprise offer to buy
Hardly a household name, truck manufacturer Navistar’s stock rose to sudden popularity Thursday, continuing into Friday’s pre-market trading. Shares surged as much as 57.7% Friday after Volkswagen’s trucking arm, Traton, made an unsolicited offer to buy the company for $US2.9 billion, or $US35 per share, Thursday. Volkswagen, which already owns a 16.76% stake in Navistar, said it would pay entirely in cash. The two companies are some of the biggest in the truck-making industry. But to make the acquisition, Volkswagen will have to get the blessing of activist investor Carl Icahn: The billionaire’s fund owns about 17% of Navistar’s outstanding stock, making Icahn Navistar’s single largest shareholder. The offer comes at a time when the broader trucking manufacturing industry is in a slump, with new orders in decline, The Wall Street Journal previously reported. In its most recent earnings, Navistar’s fourth quarter revenue declined versus the year prior. The stock started the year sliding downwards after it trailed…
Regional council approves GRT deal, buses will be back on the road Saturday
There has been no bus service for close to two weeks
Saudi int’l reserves record three-year high in 2019
Riyadh – Mubasher: Saudi Arabia’s foreign reserves grew by 0.59% year-on-year in 2019, recording its highest level in three years. Saudi international reserves rose to $499.54 billion in 2019, compared to $496.59 billion in the year-ago period. It …
30 years later, Economic Survey lays down the ground for Liberalisation 2.0
Embracing capitalism in a new avatar
Amazon stock soars following strong Q4 earnings report
Amazon shares are soaring after the e-commerce giant announced fourth quarter earnings that smashed expectations.
Economic Survey Bats For Market Economy, Shows How Government’s Intervention Can Do More Harm Than Good
The Indian state is not only involved in running businesses but also intervenes in markets quite frequently.
Sebi disposes of insider trading case against SpiceJet's former independent director
It had been alleged that he traded in SpiceJet while in possession of unpublished price information
Marico slips 6%, hits 52-week low on disappointing December quarter results
In Q3FY20, consolidated revenue from operations declined 2 per cent YoY at Rs 1,824 crore.
Myanmar earns US$310 M from fishery exports in 2020
Myanmar earned about US$310 million from fishery export from October 1 to January 17 in this fiscal year and it is more US$45 million compared with the amount of fishery export in the same period in the last fiscal year, according to figures from the Ministry of Commerce.
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story, Business Insider - Business Insider Singapore
Business Insider - Macy's is in the process of hiring employees to work at its new store in the upscale town of Southlake, Texas.. Read more at businessinsider.sg
Bank of Ghana keeps policy rate unchanged at 16 percent
news, story, article
Economic Survey sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
HUL reports 12.95% rise in consolidated net profit at Rs 1,631 cr
The company had posted a net profit of Rs 1,444 crore in the October-December period of the previous fiscal
ITC Q3 net profit rises 29% to Rs 4,047.87 cr; net sales up 5.71%
The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal
Is 2020 set to be the year for farmers to act or to take stock?
East Anglian farmers wanting to buy or sell land should
Extreme Volatility Inbound: Why Today Is Critical For the Crypto Market
The crypto market has risen over 40% since the start of 2020, thanks to gains from Bitcoin, Ethereum, XRP, and other altcoins.
Eurozone Preliminary CPI rises 1.4% YoY in Jan, meets estimates
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +1.4% in October, meeting expectations of +1.4% and +1.3%
Use big data, AI to detect fraud at PSU banks
Economic Survey proposes setting up of a PSB Network to enable banks to take more informed decisions on credit underwriting.Banking sector must scale up in tandem with the size of the Indian economy to support growth and development, says the Survey
Virginia Rometty steps down, IBM elevates Arvind Krishna as CEO
Krishna will take charge on April 6, while Rometty, who has been at the helm since 2012, will continue as executive chairman until the end of the year
DOMO Chemicals completes acquisition of Solvay’s European polyamides business
DOMO Chemicals (Ghent, Belgium; www.domochemicals.com) has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. This Business i
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
"If trade negotiations fail and the UK ends up with a delayed hard exit we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," said one analyst.
Work starts on funky shipping container village set to open soon
The containers will be occupied by street food vendors, shops and startups
AP Automation, Virtual Cards And Accounting Nirvana
More and more companies are choosing to automate and digitize troublesome elements of the business payments matrix.
Indiabulls Real Estate to merge certain Embassy Property projects with self
Embassy is in discussions with financial investors such as The Blackstone Group Inc. and others to raise up to $200 million before the said merger. This equity investment of $200 million will bring significant cash in the merged entity for expanding its business operations.
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
Investment Implications Of Unravelling Of Post WW2 World Order: The Case Of Turkey
While the world is now accustomed to the likes of China challenging the post-WW2 world order, the challenge by smaller actors such as Turkey is something new.Multinationals, ranging from oil and gas p
Camel milk chocolate: Moving from the desert to the dessert table
Camel milk has less fat, more vitamins and is easier to digest than cow's milk #Taste
Nintendo says no new Switch in 2020
Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year, dashing the hopes of fans eager for a new version.
Economic slowdown bottomed out, uptick from here onwards: CEA K V Subramanian after Economic Survey
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
Eskom CEO appoints board for planned division into three units
Eskom seeks to drive harder bargain on funding costs-CEO
Denmark’s Smart Payment Card Issuer Pleo Introduces New Credit Card by Partnering with Mastercard, JPMorgan
Denmark-headquartered Pleo, a smart payment card issuer, has confirmed that it’s introducing a new credit card by teaming up with Mastercard and J.P. Morgan,
Buzzy primary care company One Medica just popped in its stock market debut after raising $245 million in its IPO, Business Insider - Business Insider Singapore
Business Insider - One Medical is set to start trading Friday under the ticker "ONEM." One Medical was founded on the idea of making it easier to get medical care.. Read more at businessinsider.sg
Arista Networks - Is This A Phoenix And The Implications Of The Apparent Big Switch Acquisition
Arista shares have bounced sharply since their nadir after the release of quarterly earnings and disastrous guidance.Some of the upside relates to the apparent acquisition of Big Switch by Arista afte
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Budget 2020: Why focus on wealth creation is good news for Indian economy
The Economic Survey 2019-20 has managed to hit the bullseye by focusing on wealth creation. It now remains to be seen whether the government provides the tools and environment required for the same.
Spain’s ‘Little Britain’ braces for Brexit
Orihuela, Spain | AFP | On the sun-drenched eastern coast of Spain, British retirees, workers and small business owners are braced for an uncertain future after Britain leaves the European Union on Friday. “It is worrying what happens now,” said Karen Watling, 73, who moved to the Orihuela Costa in Alicante province with her husband after …
Vedanta profit rises 49% to ₹2,348 crore
Revenue, however, drops 10% to to ₹21,126 crore
Gold 50p Brexit coins sell out in hours
The 50p coin to commemorate Brexit has been beset by problems and repeated delays.
Fed's Clarida: Yield curve inversion reflects global uncertainty rather than US outlook
Commenting on the recent inversion of the yield curve, Federal Reserve Vice Chairman Richard Clarida said that he was not worried about it and argued
Tims seeks to reclaim roots
Tim Hortons franchisees gathered in Calgary earlier this week and erupted into applause after corporate executives promised to help reframe the public's understanding that the chain is a Canadian company.
SK Hynix, Inc. (HXSCL) Q4 2019 Results - Earnings Call Transcript
SK Hynix, Inc. (OTC:HXSCL) Q4 2019 Earnings Conference Call January 30, 2020, 07:00 PM ET Company Participants Sanghoon Park - Head of IR Jin-Seok Cha - CFO Conference Call Participants Hyunwoo Doh -
Dec core sector growth recovers to 1.3% on higher coal, fertiliser output
Production of crude oil, natural gas, and electricity contracted in the month under review
Uber Stock: A 2020 Survival Guide
The leading ridesharing service is revving up this year after a dud rookie season. Let's see what needs to happen for things to stay that way.
UK Bankers Would Like a Lie-In in the Mornings
People who make their money from other people losing theirs would like to be allowed to do so during more sociable hours, with those who ply trades on the UK's stock exchanges petitioning for a later start to their working days.
Luxembourg’s Regulator Warns on False Regulation of Crypto Bull
The Commission de Surveillance du Secteur Financier (CSSF) warned that a firm claiming to be authorized under the name Crypto Bull is in fact not licensed to carry out business from within its jurisdiction.
ASEAN sustainable finance: A huge gap means a huge opportunity
While many investors, corporations and financial institutions have announced a commitment to achieving the SDGs, capital is not flowing at the required speed to those countries where SDG investment matters most.
EUR/USD clinches weekly highs above 1.1050
The buying pressure around the shared currency is now picking up extra pace and lifting EUR/USD to fresh weekly tops above 1.1050. EUR/USD in multi-da
China's factory activity falls in January as virus fears grow
China's manufacturing activity slipped in January, official data released Friday showed, as the country grapples with a new virus that has claimed more than 200 lives.
Airtel and Telkom Appeal over Merger Conditions Set By Competition Authority
Airtel Kenya and Telkom Kenya have filed a review of their proposed merger to the Competition Authority of Kenya over merger conditions. In a review case no CT/005/2020 filed on 10th January 2020, the two entities want a review of the merger terms that were stipulated by the Competition Authority of Kenya (CAK) as conditions […]
U.S. could face difficulties sanctioning Danske over money-laundering: report
COPENHAGEN (Reuters) - U.S. authorities could face difficulties fining Danske Bank (DANSKE.CO) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
Sides in bitter forest dispute back at table
Times ColonistWith the longest strike in coastal forest history now into its eighth month, the two sides in the bitter dispute are heading back to the bargaining table.Western Forest Products and . . .
Chinese firm applies for construction of 840MW Ayago dam
Kampala, Uganda | THE INDEPENDENT | A Chinese company Power China International Group Limited has submitted an application to construct the 840 Mega Watts Ayago hydropower plant on River Nile. According to the Uganda Gazette this week, the company seeks a license for generation and sale of electricity from Ayago dam on River Nile in Kiryandongo …
Raising funds for infrastructure will be "challenge": Economic Survey
States that well prepared projects might attract investors
Canadian billionaire Lawrence Stroll leads group buying stake in Aston Martin
Stroll will become the iconic car company’s executive chairman; consortium, which also includes André Desmarais, will initially buy a 16.7 per cent interest with plans to raise that to 20 per cent
It Grows
Evil had a great holiday season: Amazon now has over 150 million Prime subscribers, the company announced in Q4 2019 numbers released on Thursday. The massive growth numbers sent the company’s market cap surging to over $US1 ($1) trillion and made CEO Jeff Bezos an estimated $US13.2 ($20) billion in a matter of...
Zombies and Bears Beware, BABA Stock Will Defeat You!
Waiting on a healthier pullback in BABA stock is advised in order to avoid the headlines ailing today’s market.
Economic Survey 2020: CEA Subramanian sees fiscal slippage in FY20
Subramanian said the country might have hit the trough in growth and expressed his confidence in achieving 6-6.5 per cent growth in fiscal year 2020-21
Economic Survey: Building blocks for 'wealth creation' and $5-trn economy
Here is a snapshot of some of the 'new ideas' for the economy that the Survey focuses on
ISRO readying for low cost satellite launch vehicles
ISRO has earmarked $1,600 million for launch vehicles, of which $870 million will be for PSLV and the remaining for Geosynchronous Satellite Launch Vehicle, he revealed. ISRO has planned some 500 Polar Satellite Launch Vehicle launches in the next five years. The Government Owned Contractor Operated (GOCO) model is picking up very well in the space and defence sectors.
Nordea Appoints Virgin Money’s Ian Smith As New CFO & Head of Group Finance
Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money's CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior positions as a banking audit partner and later as Financial Services M&A leader at Deloitte. He also previously served as Director of Group Finance at Lloyds Banking Group plc and
Uganda Tourism Institute worth Uhs380b to open in July
Uganda’s State Minister for Tourism Godfrey Kiwanda has said that the Hotel and Tourism Training Institute Application Hotel located in Jinja is nearing completion and will be officially opened in July. The construction of the application hotel is being undertaken under the Competitiveness and Enterprise Development Project, funded by Government of Uganda (USD. 2.5m), World Bank (USD. 100m) and coordinated by the Private Sector Foundation Uganda (PSFU). Former Tourism Minister Prof. Ephraim Kamuntu (Now the Minister of Judiciary and Constitutional Affairs) on April 10th 2018, led a team of Government officials and other partners for a groundbreaking ceremony that kickstarted construction works for the new application hotel for Uganda Hotel and Tourism Training Institute in Jinja. The construction contract was awarded to Roko Construction Limited under the supervision of Arch Design Limited for a duration of 12 months. Kiwanda who was officiating at the Institute’s Alumni Association launch hosted in Kampala…
Huawei phone sales beat Apple in 2019
Chinese firm topples iPhone maker but Samsung still leads the way.
Tesla Management Talks Cybertruck, Model Y, Coronavirus, and More
Don't miss these must-read quotes from the electric-car company's fourth-quarter earnings call.
RevitUp travels to Hotel Association of Halkidiki summit
RevitUp will be at the upcoming Hotel Association of Halkidiki meetup in Thessaloniki. Scheduled for Sunday, February 2nd, at the Macedonia Palace Hotel, the summit will address topics from sustainability to destination marketing, management, and more. Nikos Giokas, Director of Business Development at RevitUp, will introduce the latest efforts to redefine revenue optimization for hoteliers during the meetup. Last weekend, Giokas and the RevitUp team were at the 1st International Hospitality Expo Cyprus hotel marketing strategy and tourism promotion with Savvas
How to Trade Boeing Stock After Its Nasty Earnings Report
Boeing's earnings were abysmal thanks to the grounded 737 Max, but the stock shrugged it off. Here's how to trade BA stock moving forward.
Eurozone Preliminary GDP arrives at 0.1% QoQ in Q4, misses estimates
The Eurozone economy eased its pace of expansion at 0.1% on quarter in the three months to December of 2019, missing +0.2% expected, the first estimat
Wipro: A new CEO should go beyond the tried and tested
Wipro on Friday said its CEO & MD has resigned from the company citing family commitments. A statement from the company said the Board of Directors has initiated a search to identify the next
NZD/USD Price Analysis: Slides to near 2-month lows, farther below 0.6500 level
The NZD/USD pair added to its recent losses and remained depressed for the sixth consecutive session on Friday, falling to near two-month lows during
Bitfinex Exchange Launches Tether Gold (XAUT) Margin Trading with 5x Leverage
Bitfinex crypto exchange has announced the launch of its Tether Gold margin trading service. Traders on the platform can now trade various pairs of Tether Gold, including XAUt/USD, XAU/USDt and XAUt/BTC with up to 5x leverage, according to a press release on January 30, 2020.
Baton Systems, Provider of “Blockchain-Inspired” Payments Software, Finalizes $12 Million Investment Round
Baton Systems, an established developer of "blockchain-inspired" bank-to-bank payments software and infrastructure for linking multiple different ledgers, has
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail
If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.
Shoe Zone to close town centre store
A budget shoe retailer is to pull out of a west Suffolk town after reporting a slump in profits last year.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Morrisons could be moving to redundant car dealership site
The John Grose Ford dealership in Framlingham is set to shut up shop today - as rumours circulate that Morrisons could be taking over the site.
Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
Rishad Premji writes to employees, lauds Abidali Neemuchwala’s contributions
Wipro announced this morning that its CEO and MD Neemuchwala has resigned due to family commitments and he would stay on until a successor was appointed.
China auto sector braces, hopes coronavirus impact is short-lived
SHANGHAI/BEIJING (Reuters) - The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic buttons as ground could be made up later in the year, industry executives said. Dongfeng Motor Group and its partners Honda Motor, Renault and PSA all have factories there. "We expect (China) vehicle production to decline 3% for the full year, with production down 15% in the first quarter, including the extended new year s
‘Kitchen robotics will revolutionise food & beverages industry’
"We are indeed leading the evolution of Indian kitchens from chulah (mud stove) to kitchen bots, also trying to send across a message that kitchen bots are unisex making cooking a chore attributed to all, irrespective of gender," Eshwar K Vikas, co-founder of Mukunda Foods says.
Foreign exchange reserves reach life-time high of $466.69 billion
In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion
Localized Peer to Peer Lender Folk2Folk Reports Record Amount Invested via IFISA
Folk2Folk, a localized peer to peer lending platform, is reporting a "record year" regarding its Innovative Finance ISA (IFISA) offering during 2019. The comp
CELLINK resolves directed share issue of SEK 377 million
The Board of Directors of CELLINK AB (publ) has, based on the authorization given by the Company’s Annual General Meeting that was held on 18 December 2019, resolved on a directed share issue of 3,890,000 new shares of series B (corresponding to approximately 10 per cent of the total number of outstanding shares in the Company) at a subscription price of SEK 97 per share (the “Share Issue”), which means that the Company receives SEK 377,330,000 before transaction costs.
Elon Musk is starting to resemble a 'quiet assassin' as the short-seller argument about Tesla disintegrates, an expert says
Tesla has an edge over other automakers in battery technology, charging infrastructure, and autonomous-driving technology, Gene Munster said.
SBI profit jumps 41 per cent to Rs 6,797 crore in Q3 on lower provisioning
On a standalone basis, SBI's net profit jumped 41.2 per cent to Rs 5,583.36 crore in the third quarter of the current fiscal compared to Rs 3,954.81 crore during the corresponding October-December period in the same period a year ago.
Chevron posts steepest loss in a decade after gas writedown
Chevron Corp. posted its biggest loss in a decade after it wrote down the value of North American natural gas fields and returns plunged from overseas refining and oil production.
LG lost over $850 million through its Mobile Division as sales fall in 2019
LG has recently revealed its financial report for the Q4 of 2019. In the final quarter, the company saw a massive loss as its mobile division continues to deteriorate in the smartphone industry. According to the report, the South Korean tech giant saw a loss of over $850 million in Q4 of 2019 as sales …
Two loan products launched by Indian Bank
Indian Bank on Thursday announced the launch of two products - Surya Shakthi, for roof top solar set up for captive consumption and Corporate Loan, a finance product in aid of units under stress for w
Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey
Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes
EUR/USD comes under pressure below 1.1030 ahead of data
After moving to the 1.1030/35 band, or daily highs, EUR/USD appears to have met some sellers and is now giving away part of those earlier gains. EUR/U
LVMH banked $59 billion in revenue last year — here are 17 of the most iconic brands the French luxury giant owns
LVMH remains the world’s largest luxury goods conglomerate, with revenue reaching $59 billion last year, as reported by Chantal Fernandez at Business of Fashion. Fashion and leather good sales reached $24.5 billion, which is up 17% year-over-year. Across all sectors, the company’s total revenue was up 10% year-over-year.
Laura Ashley chief executive steps down after eight years
Retailer Laura Ashley said today its chief executive Kwan Cheong Ng is stepping down after eight years in the role. [...]
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N) on Friday reported a 5.2% drop in fourth-quarter profit on weaknesses in chemicals and refining and flat oil and gas output, with asset sales helping to stem the decline.
Economist who counted $40 billion cost from SARS predicts far bigger hit from new coronavirus
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak, which sapped the world's economy by $40 billion, according
Privatisation pitch: BPCL’s short-term price rally not a convincing argument
What really matters for long-term wealth creation is true reforms and free market
Risky Time For A Valero Investment
VLO beat earnings estimates for 4Q19.But market conditions have since deteriorated.Product stocks are oversupplied and refinery margins have dropped.The virus in China is a headwind of unknown depth a
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations, Business Insider - Business Insider Singapore
Business Insider - The company previously touted $1 trillion valuations in September 2018 and July 2019, though the milestones were quickly lost as shares tumbled.. Read more at businessinsider.sg
US GDP reverses rout ahead of gap risk
Higher than expected US GDP growth helped turn a European share rout into a US rally overnight. However a weaker inflation component to the national accounts spurred bonds higher. Industrial commodities fell further, and gold held higher ground, in clear signs of concern. Cautious Asia Pacific trading is possible ahead of key event risk over the weekend.
Economic Survey 2019-20: Competition, low tariffs led to financial stress in telecom sector
The data price in the country came down by over 99% during 2016-2019, making it among the lowest tariff in the world, according to the survey.
EUR/GBP on the defensive around 0.8400 ahead of Brexit
The continuation of the buying interest around the quid is forcing EUR/GBP to recede further ground and briefly test the area of 2020 lows near 0.8385
Rewane outlines sectors to drive economy in 2020
Bismarck Rewane says Nigeria’s economic growth will be dependent on three sectors going into 2020.
Global tax rules set for overhaul as states seek to avoid new trade war
PARIS (Reuters) - Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services.
Nintendo CEO says no plans to launch new Switch model in 2020
Nintendo Co Ltd CEO Shuntaro Furukawa said the gaming company has no plans to launch a new Switch model this year.
It's official: too much banking is bad for you
The "financialisation" of an economy can exacerbate inequality, and undermine stability.
Chevron reports worst quarterly loss in a decade
Jan. 31 (UPI) -- Chevron on Friday reported its worst quarterly loss in a decade -- $6.6 billion for the last three months of 2019, due mainly to a write-off of its Appalachian shale production sites.
Core sector grows at 1.3% in Dec. 2019
The growth was, however, lower than the 2.1% recorded in December 2018.
HUL volume growth surprises, profit before tax up 14% in December quarter
The company's volume growth is also ahead of the overall FMCG sector's
Racing Point F1 team renamed Aston Martin from 2021
The Racing Point F1 team will be rebranded Aston Martin from 2021, James Bond's favourite carmaker confirmed after securing a large cash injection to get back on track.
The worst start to a new year since 2016 – Rabobank
The CEEMEA currencies are on track to end January on the back foot marking the worst start to a new year since January 2016, writes Piotr Matys – Seni
How are UK businesses coping with Brexit uncertainty?
Two businesses, two very different perspectives on how to cope with the lack of clarity around the EU-UK's future trading relationship.
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
American shoppers continued to serve as the engine of the US economy through volatile times last year, fuelling growth even as a global cooldown and trade tensions clouded the outlook. But there are signs that households are starting to pull back on spending.
Did Walmart Waste $3.3 Billion on Jet.com?
The e-commerce site is a shell of what it was when the retailer purchased it.
Forty temporarily laid off at Cork hotel as doubts raised over long-term future
Staff at the Blarney hotel and golf resort were hoping against hope that the hotel would reopen tomorrow following its regular January closure.
Bank of Ghana’s corporate guidelines pushes some board chairs and CEOs out of office
The Bank of Ghana has revealed that several board chairs and Chief Executive Officers (CEOs) of banks in Ghana have left their positions.
Lyft Has 99 Problems, But This Ain't One
Lyft has several problems today, but low barriers to entry might not be one of them.Each price cut by Lyft increases the cost of entering its industry because Lyft's own prices are the cap on payments
USD/JPY pares early gains, turns flat below 109 ahead of US data
The USD/JPY pair struggles to make a meaningful recovery on Friday as investors continue to stay close to safe-haven assets such as the JPY amid heigh
Marriott Hotels and Residence Inn opens in Downtown Lexington, Kentucky
LEXINGTON, KY – Marriott International, Inc. announced that a dual-branded Marriott Hotels and Residence Inn by Marriott property opened in downtown Lexington, Kentucky on Wednesday, January 8, 2020. Located on the 100 block of West Main Street, the hotels are owned by City Center Hotels, a joint venture between The Webb Companies and Greer Companies and will be managed by NorthStar Hospitality LLC of Lexington, Kentucky. The new property will offer a combined 337 guest rooms and will share some
London is Europe's best city to invest in and Manchester moves into the top 30 on the
London kept second place globally and first in Europe in the annual chart, which measures the attractiveness of major cities around the world for real asset investing.
Amazon's latest milestone: 150 million Prime members
Amazon had another prime holiday season.
Zameen.com synergises data, technology and expertise to reboot Pakistan's property sector
The game-changing tool Property Bank aims to make unaddressed property listings approachable
Nintendo Shares Plummet After Mixed Earnings, Plans for New Switch Axed
Nintendo was down nearly 5% after it reported earnings, and the worst is likely yet to come.
Lipper U.S. Weekly FundFlows Insight Report: Funds Suffer Net Outflows For The First Week In Six
Money market funds suffered net outflows of $11.6 billion.Fixed income funds took in $6.1 billion of net new money.Equity funds had net negative flows of $6.6 billion.
City suppliers to wait longer for pay
EACC asks Treasury to suspend payments for an investigation into fraud claims.
Take Profit on USDCAD Long – TDS
Following Friday’s release of the Canadian monthly GDP growth figures, Mazen Issa, Senior FX Strategist at TD Securities (TDS), suggests taking profit
Watch Tom Brady and more NFL stars read horribly mean tweets about themselves on 'Jimmy Kimmel Live', Business Insider - Business Insider Singapore
Business Insider - The latest round of the segment aired on the ABC talk show on Thursday and featured athletes like Brady, Patrick Mahomes, and Travis Kelce.. Read more at businessinsider.sg
Reforms must take into account economic wellbeing
As we implement the wave of reforms flowing from the royal commission, it's important to ensure the health of the economic system.
Huawei overtakes Apple to get 2nd place in CY 2019
Despite the challenges that they are facing, Huawei still seems to be doing well in terms of smartphone shipment and in 2019, they have slightly overtaken Apple to become the 2nd top brand. This is…
SBI profits zooms 41% to ₹5,583 crore in Q3
State Bank of India, on Friday, reported a robust 41 per cent jump in net profit at ₹5,583 crore in the third quarter ended December 31, 2019, along with an improvement in asset quality. The bank sa
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are start...
Brexit Day: Businesses see promising India-UK ties ahead
Leading trade organisations and Indian entrepreneurs see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level.
Super Bowl LVI: A Look at the Fake Merch and Fake News that Comes With the Big Game
Each year, as sports fans and consumer brands ready for the Super Bowl, the U.S. government teams up with the National Football League (“NFL”) for a collaboration of its own. Known as Operation Team Player, the parties’ initiative focuses exclusively on a category of goods that are readily targeted
Tauranga hospo investment and redevelopment site up for auction - Colliers
An investment property at the heart of Tauranga’s waterfront hospitality district and a CBD fringe redevelopment opportunity will go under the hammer next month.
ExxonMobil and Chevron report fourth-quarter earnings declines
US oil majors knocked by tighter margins, chemicals weakness and writedowns
These 3 Stocks Are Too Cheap to Pass Up
Who's looking for a deal?
Apple supplier LG Display posts fourth quarterly loss in a row
Loss smaller than expected.
Asian investors eye low-cost housing - VietNamNet
JLL estimates that hundreds of millions of dollars from Japan, South Korea, Singapore and China are waiting to be funneled into Vietnam’s real estate market.
Earnings Look Good Enough for PayPal Stock
PayPal stock is down modestly after its Q4 report, due to perceptions that its guidance was soft. But its guidance actually looks solid.
NEW RESTAURANT: Deg’s Chicken now open in Fairfield Commons mall
BEAVERCREEK — Deg’s Flame Grilled Chicken — which is on hiatus at The Greene — has opened a new location in the Mall at Fairfield Commons food court.
Visa’s X-Border Investment Leads Week Of B2B Funding
Visa's investment in Currencycloud leads this week's B2B FinTech investment roundup, with other investors targeting logistics and blockchain startups.
Wilbur Ross Sees a Bright Side to Chinese Virus
Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States.
Bitcoin Cash (BCH) Miners Gaming the Network Amid Low Transaction Volume
Despite attempts to improve the difficulty adjustment protocol for Bitcoin Cash (BCH), miners are still able to ‘game’ the network while transaction volumes remain significantly low.
Krachi East Assembly urged to complete abandoned market project
news, story, article
Microsoft to shutter its Ad Monetization platform for Universal Windows Platform apps
Microsoft is continuing to try to clear up its muddled UWP messaging and strategy.
Exclusive: Japan's Nidec bets on electric cars and acquisitions to treble sales: sources
TOKYO (Reuters) - Japan’s Nidec Corp (6594.T) plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.
‘Buying a gun easier than opening a restaurant in Delhi: Chief Economic Advisor’
Analogy given by Chief Economic Advisor for improving the ease of doing business in India
Survey Shows Lack of Employee Engagement
A survey by Achievers revealed the reasons employees are dissatisfied with their current employees.
Bullish for Bitcoin: Mike Novogratz on BTC "Prospects Extremely Strong"
Novogratz became one of the most prominent people to delve into the Bitcoin space, having had a lot of clout on Wall Street.
Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%
In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.
Aston Martin director explains why they will become a constructor in 2021
Following the announcement this morning Racing Point will be rebranded, Aston Martin CEO Andy Palmer has explained why the carmaker wants to become a constructor and a works team in Formula 1.
Nevada Copper chooses Redpath to enhance production at US mine
Nevada Copper has selected mining contractor Redpath USA to implement its ramp-up strategy for its 100%-owned Pumpkin Hollow project in Nevada, the US.
Worn Again Technologies Opens R&D Plant in England, With More to Come
Worn Again Technologies, a polymer recycling company, has launched a research and development facility in Redcar, England.
NBFCs: Survey’s new diagnostic tool ‘Health Score’ may help avert liquidity crisis
The recent funding crunch in the economy caused by the blowouts in the NBFC sector (IL&FS, DHFL etc) over the last two years has clearly prompted the Government to look at the problems of fina
Global Run On Virus Masks Leaves US & Europe With No Supply
Global panic growing as virus spreads
137 countries start work on tax rules for tech giants; Tim Cook backs approach
Officials from 137 governments have begun work on new international tax rules for tech giants. The new rules will be designed to ensure that tech ...
OECD warns of ‘concerns’ over US move on digital tax
PARIS, Jan 31 — An alternative proposal by Washington on how to tax digital giants worldwide has been met with “concern” by several nations, the OECD group of free-market economies said today. The push for a so-called “safe harbour” option would essentially render compliance optional,...
Economic Survey's GDP growth forecast for FY20 wide off projection
It is for the second consecutive time that NSO's GDP estimate is significantly lower than the projection made in the survey prepared by the finance ministry
Motorola has sold over 100 million Moto G phones since 2013
Motorola has seen a lot of success from its Moto G line and this week, the company has announced 100 million units sold since 2013.
Nigerians to pay more for data, calls as telcos apply new VAT
The Association of Licensed Telecommunications Operators of Nigeria (ALTONS) said it will start implementing the country's new 7.5% Value Added Tax (VAT) increase from Saturday, February 1 2020.
Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain
Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
Coca-Cola: A Solid Quarter, But Coke Is Maxed Out
Coca-Cola wrapped up its FY2019 with a solid quarter that saw organic revenues surpass analyst estimates.While the balance sheet is reaching an inflection point that should see deleveraging results in
To Amazon Or Not Amazon? An Eyeglass Retailer Faces The Question
David Roger of eyewear seller Felix Gray discusses the downside of the buy button, and what retailers must consider before building a relationship with Amazon.
Indonesia: Year in review 2019
Indonesia recorded year-on-year (yoy) growth of 5.02 percent in the third quarter of 2019, slightly down on earlier projections of 5.1 percent, as well as on second quarter levels of 5.05 percent yoy. This figure was the lowest rate of growth since mid-2017, as investment, household spending and government spending all saw subdued growth.
Senate probes poor state of refineries
Mandates Committee to Kick Start Work on PIB By Henry Umoru – Abuja The Senate has begun a probe into what it described as the poor state of refineries the nation’s According to the Senate despite $25 billion dollars spent in the last 25 years, the refineries are still in comatose. Consequently, the Senate mandatedRead More
PSU banks staff strike may affect branch, ATM services
However, private sector lenders like ICICI Bank and HDFC Bank would be operational.
Forget Legalization: CBD Is Good Enough for CRON Stock
Cronos’ acquisition of Lord Jones is perfect because the American consumer wants CBD, not marijuana.
Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019
Over-the-counter digital currency trading and lending firm Genesis has closed the fourth quarter of 2019 with record high loan originations since its inception.
The Bubble: Bigger, Fatter, Uglier
Reflecting on presidential debate proclamations past.What progress has been made in addressing the big, fat, ugly bubble identified in September 2016?What are the implications of the bigger, fatter, u
USD/CHF slumps to two-week lows near 0.9640
The USD/CHF pair came under renewed bearish pressure in the last hour and slumped to its lowest level since January 16th at 0.9639. As of writing, the
China - One Problem Ends And Another Begins
Trade had been a problem for the Chinese economy.Hong Kong issues are ongoing.African Swine Fever caused a meat shortage.Did ASF lead to coronavirus?Commodities will move with the state of China's eco
Opinion: Is Enmax paying its fair share into City of Calgary coffers?
For Calgary’s economy, 2019 was a terrible year, marked by ongoing troubles in the energy sector and a downturn in construction. Not surprisingly, the city’s weak economic performance h…
Fanuc Still Under Pressure From The Automation Slowdown
Fanuc didn't report a strong fiscal third quarter, but it was relatively in line and that comes as a relief.Orders continue to decline at a double-digit rate, and a sequential bump in FA orders is lik
US: UoM Consumer Confidence rose to 99.8 in January from 99.3 in December
The University of Michigan's Survey of Consumers revealed that the Index of Consumer Sentiment in January improved to 99.8 from 99.3 in December. This
PACCAR: Tech Shift Can Prove Lucrative
PACCAR is a leading trucking manufacturer which is working on new technological solutions for the trucking industry.With electric-powered trucks and autonomous driving being all the hype these days, t
Cott to sell S&D Coffee business for US$405 million
The sale is part of Cott's plan to focus on its water business.
Facebook walks back digital currency project Libra
Libra, Facebook’s digital currency initiative, has been faltering since late last year as partners started backing out after regulators opposed the plan. In a post-earnings conference call this week, Facebook chief executive Mark Zuckerberg said work on the Libra initiative is being handled by the Libra Foundation, stressing the separation between the foundation and the social…
Ola Plans London Rollout In February As It Takes On Uber
As it broadens its competition with Uber, Indian ridesharing firm Ola plans to official start operations in London in February.
Does Sensex really mirror the economy?
Change in index constituents also influenced by trading volume, market capitalisation
Reports conflict over most recent bailout of Apple supplier Japan Display
Apple supplier Japan Display has denied having signed a deal worth 100.8 billion yen ($925M), after its shares were suspended over reports.
Profit jumps at Hargreaves Lansdown despite Woodford scandal
Profit before tax at investment platform Hargreaves Lansdown climbed 12 per cent in the first half of its financial year [...]
Windows 10 Allegedly Crosses 1 Billion Active Installs Globally
When we last visited Windows 10 adoption numbers, the company reported 900 million active installations in September 2019.
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
Why Africa can no longer be ignored - AfDB - Premium Times Nigeria
The president of the African Development Bank (AfDB), Akinwunmi Adesina, has said that Africa can no longer be ignored because it has a huge market...
Suncorp Says 'Unprecedented' Catastrophes Will Drive Reinsurance Recoveries
Australian primary insurance giant Suncorp has referred to an unprecedented start to the season for catastrophe losses this morning, saying that it now expects to make recoveries across its reinsuranc
Eco Survey gives positive outlook for steel, oil and gas sectors: Pradhan
The sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period, it added
ViacomCBS Names George Cheeks to Replace Joe Ianniello as Head of CBS
Cheeks, who most recently worked at NBCUniversal but previously was at Viacom, starts in late March.
Next-gen Mini is on hold over Brexit and cost-cutting
Mini reportedly has delayed the development of its next-generation Cooper, due to cost pressures and Brexit uncertainty. Most Minis are built in the UK.
Oil Climbs as WHO Declares Emergency, but Opposes Travel Restrictions
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people. Brent crude LCOc
Greed, hubris and weak regulation: A year on from the Hayne royal commission, has anything changed?
The banking royal commission was badly needed, but it never went far enough. It was too short, and the terms of reference missed some critical areas.
Realtors expect debt restructuring up to Rs 1 trn, tax sops for homebuyers
He said loans up to Rs 1 trillion are required to be restructured in view of liquidity crunch faced by builders
Pfizer Misses Target, Soft Guidance, And Other News: The Good, Bad And Ugly Of Biopharma
Pfizer missed Q4 target, offers soft guidance.Surface Onco receives IND.PerkinElmer provides lackluster 2020 guidance.
The 10 most dangerous US states to work in, Business Insider - Business Insider Singapore
Business Insider - Some states have more dangerous jobs than others. We took a look at fatal workplace injury rates across the US.. Read more at businessinsider.sg
Core industries output rise 1.3% in December after four months of decline
The growth came on the back of rise in output in coal, fertiliser and refinery products sectors. However, production of crude oil, natural gas, and electricity contracted during December
The daily business briefing: January 31, 2020
Brexit day arrives, Amazon shares surge, and more
Coca-Cola Is the Most Conservative Investment You Can Make
Coca-Cola stock was a star in the January market, but don't be fooled. This is a slow-growing dividend aristocrat.
Link to buy Pepper European Servicing unit for up to €200m
Pepper Ireland unit manages €18bn of assets, including 60,000 residential mortgages
7 European ETFs to Buy as the Continent Begins Its Rebound
European equity markets have long lagged the U.S. But these European ETFs are worth a second look with nice valuations and yields.
Boeing Credit Rating Slashed Amid Plane Maker’s Ongoing 737 MAX Fiasco
Moody's warns Boeing also remains
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
ITI further extends FPO to Feb 5; issue subscribed 58% so far
Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
Good start, companies — now keep raising wages!, Business Insider - Business Insider Singapore
Business Insider - We've been heading toward a "Better Capitalism," but if we're going to fix the American economy, companies need to keep raising wages.. Read more at businessinsider.sg
A bullish signal for Canada’s banks, the SNC-Lavalin rally isn’t over, and why gold is setting up for a fall
A roundup of investment ideas for active investors
AUD/USD keeps the red near multi-month lows, around 0.6700 mark ahead of US data
The AUD/USD pair maintained its offered tone through the mid-European session, albeit has managed to rebound around 15-20 from near four-month lows to
Economic Survey 2020 Details 'slump In 2019' But Predicts 'rebound To Achieve $5 Trillion'
A day before the Union Budget is presented, CEA Krishnamurthy Subramanian on Friday, presented the Economic Survey 2020 which spoke of how difficult 2019 was
The real estate industry hopes for favorable financial decisions in budget 2020
Ashish Sarin, CEO, AlphaCorp Considering the role of the sector in economy, there is intense speculation and simultaneous optimism that the government would announce some growth measures for the segment.
EUR/JPY flirts with the 100-day SMA near 121.30
The better tone surrounding the European currency is sustaining the uptick in EUR/JPY to the 120.30 region, where sits the initial barrier at the 100-
Apple chipmaker TSMC says production has not been affected by coronavirus
Apple chipmaker TSMC says its production remains unnaffected by the coronavirus outbreak.
Royal Enfield to stop 500cc single-cylinder bikes
However, the motorcycles will be available outside India
World Bank calls for stronger tax collection to bring 115 million Indonesians into middle class
World Bank acting country director for Indonesia Rolande Pryce said the government’s plan to relax corporate income tax, among other things, would reduce the tax-to-GDP ratio by 0.5 percent. Indonesia’s tax to GDP ratio stands at 10.7 percent in 2017, the lowest among regional peers.
More frequent load shedding coming: Eskom CEO
Eskom has warned South Africans to brace for more frequent power cuts as it halts the deferral of planned maintenance. The rand weakened as a result.
Google opens its first Developers Space in Africa
Tech giant Google has officially opened the doors of its first Google Developer Space that would be set up in Africa. The tech hub was unveiled in Nigeria and is in line with the tech giant’s vision to grow Africa’s tech space. The company had made a commitment in 2017 to start the Launchpad Accelerator …
Toll fares on PLUS highways reduced by 18% from Feb 1 – no change in rates until concession ends in 2058
As agreed under the terms of its concession extension, PLUS has announced that it will implement the 18% reduction in toll rates as defined by the
Economic Survey: India now global leader in monthly data consumption
For the quarter ending June 2019, the price of data was 7.7 per GB as compared to 200 per GB in June 2016. The Average Revenue Per User (ARPU) for GSM-based mobile services has also gone down substantially from 126 in June 2016 to 74.30 in June 2019, said the survey.
Billionaire F1 owner leads major rescue deal for sport car maker Aston Martin
Luxury sports car maker Aston Martin Lagonda has agreed to sell a £182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer.
India Plans to Send 50 Satellite Launch Vehicles Into Orbit Within Next 5 Years - ISRO
New Delhi (Sputnik): India’s government space expenditure still lags behind that of the major players in the sector, such as the US, which spent about 13 times more than India in 2018, according to a report presented to parliament.
Sterling extends gains after BoE keeps rates on hold
LONDON, Jan 31 — The British pound extended its rally today for a second consecutive day following the Bank of England’s decision to keep interest rates steady on signs of a post-election pick-up in growth. But analysts said the rally may be short lived. The United Kingdom exits the European...
Economic Survey highlights: FY20 fiscal deficit target may need relaxation
GDP growth pegged at 6-6.5 per cent in financial year starting April 1, up from 5 per cent in current fisca
Business Development Ministry is uselessly needless – Mahama
Former President of Ghana, John Dramni Mahama says it’s needless to have set up the Business Development Ministry. Akufo-Addo in his tenure has set up the Business Development Ministry to promote the private sector in Ghana. But speaking to a section of the media in a Facebook Livestream event, the former President noted that it was needless setting up that Ministry. “I don’t think that you need a Business Development Ministry to promote Private Sector Growth. We had the Ministry of Trade that was handling aspects of it, Finance was handling aspects of it and all that and I think that that is sufficient.” The flagbearer of the NDC indicated that he hasn’t seen anything that the Business Development Ministry since it was set up has done to boost the private sector.
Economic Survey 2020 explains why the rich are good for economy
Economic Survey 2020: Survey says wealth created by entrepreneurs correlate strongly with wealth created by employees, and that greater wealth creation in a market economy enhances welfare for all
5 Stocks Under $5 With Colossal Growth Prospects
While some argue you get what you pay for, others say that stocks to buy trading at low levels can represent compelling opportunities.
Chinese tourists cancelling
Tour companies and hotels in destinations popular with Chinese tourists are starting to see cancellations after a new form of virus that has led to mass quarantines and more than 200 deaths in China.
Amazon set to break record for one-day gain in market cap
Amazon could set a new mark for the biggest single-day gain on record for a US company.
Economic Survey pegs GDP growth at 6-6.5% in next fiscal
Government must use its strong mandate to deliver expeditiously on reforms, it says
Mellanox More Than Biding Its Time Into The Nvidia Deal Close
Mellanox reported fourth-quarter results that were significantly better than expected, with healthy growth in both InfiniBand and Ethernet product lines.There has been no update on the Nvidia-Mellanox
When are the Eurozone Preliminary CPIs/ GDP and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation and growth figures for January and Q4 respectively at 1000 GMT today. The headline CPI
Copper Futures: There is still room for further losses
In light of preliminary prints from CME Group, open interest and volume went up by around 7.6K contracts and more than 3K contracts, respectively, on
Bank Negara says sentiments in global financial markets positive in Dec
KUALA LUMPUR, Jan 31 — Sentiments in the global financial markets in December were positive amid prospects of easing global trade tensions, said Bank Negara Malaysia (BNM) today. The central bank said investor’s risk appetite improved following the announcement and subsequent signing of a phase...
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened.
Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.
The DeanBeat: Will cloud gaming make climate change worse?
Will our visions for great things in technology and gaming -- like cloud gaming or the Metaverse -- make the problem of climate change worse?
Privatised CPSEs reported better profit, sales after transition: Economic Survey
Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
Chakli on wheels to give Arya Vysyas a lift
The Karnataka Arya-Vysya Community Development Corporation has proposed a new self-employment scheme under which affordable loans of Rs 5-10 lakh will be given to members of the community wishing to start snacks-on-wheels business.
‘Rich people own stocks. Poor people own houses’
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web
These All Ords shares were sold off in January: Time to buy?
Kogan.com Ltd (ASX:KGN) and these All Ordinaries shares were sold off in January. Is this a buying opportunity?
BofA sees Eskom among risks to spoil brief SA rally
'Investors are getting impatient and are looking for opportunities elsewhere' – investment strategist.
Local automakers face difficulties sourcing auto parts from China
South Korean automakers are struggling to operate manufacturing lines here following difficulties in sourcing components from China due to the suspension of factory operations in the mainland. According to Hyundai Motor Group, the automaker has decided to cancel extra working hours at its Ulsan and Jeonju plants this week, following the temporary shutdown of the two partnering factories in China that are respo...
Why Google Backtracked on Its New Search Results Look
The internet giant, which some lawmakers and regulators say has grown too powerful, tweaked the way it displayed ads on search results. It did not go over well.
Ariston Thermo Group visits Little Saints Orphanage to show support
A team from Ariston thermo, a global leader in the thermal comfort industry with its Origin from Italy, recently visited Little Saints Orphanage at Ogudu GRA, Lagos State during the Christmas holiday to show support and care.
Airtel Announces Best Data Prices to Woo More Customers
Airtel Kenya is back with a brand new offer that could give its rivals a run for their money...
The Flippening: Stablecoins’ Transfer Value On The Ethereum Network Just Surpassed ETH
Stablecoins now have a larger share of value transferred on the Ethereum network than its native cryptocurrency – ETH. Even though the continuously
Tech View: Be patient with Budget volatility, don’t rush to buy on dips
Nifty broke below the lower end of the Rising Megaphone pattern on the daily chart.
Farm confidence rises but concern about compliance costs is deep - Federated Farmers
Farmers are feeling slightly more positive than they were six months ago but very few believe general economic conditions will improve in the year ahead, the Federated Farmers Mid-Season Farm Confidence Survey shows.
Top ASX stock picks for February 2020
We asked our Foolish writers to pick their favourite ASX shares to buy in February 2020. Here is what they came up with…
This Billionaire Bitcoin Investor Gives 3 Catalysts That Could Send Price Flying
Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high
France, Italy Drag Euro-Area Economy to Worst Quarter Since 2013
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years.The surprise slump in two of the
Stryker Humming Along, But Seems To Be Straining The Sell-Side
Stryker's fourth quarter was operationally excellent but more mixed next to ever-higher Street expectations.Mako continues to drive impressive growth in knees, and I expected a better year from the sp
IBM chief Ginni Rometty to step down
Cloud business boss Arvind Krishna to succeed.
Fueling future Kiwi generations' fuel needs - Hiringa and Waitomo
Innovative Kiwi energy companies Waitomo Group and Hiringa Energy have announced their intentions to work in partnership to develop New Zealand’s first nationwide hydrogen refueling stations network.
Integrate ‘Assemble in India’ into Make in India
Move will boost exports, create 80 mn jobs in next 10 years, survey says.The Survey gives China’s example, where labour-intensive exports between 2001 and 2006 created 70 million jobs
US consumer spending cooled last month, core prices picked up
Income growth in the US slowed to 0.2%.
Stage set for gradual recovery in broader markets over next year: Sunil Subramaniam, Sundaram MF
Things are not going to recover right from tomorrow but over the next three to six months, one can definitely see the underpins of an economic recovery, says Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund.
China car sector to take hefty first-quarter hit from virus but 2020 outlook not necessarily grim
The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic ...
Intel Corp’s legal compliance counsel joins software firm Splunk
Basu started her career as an associate attorney at Ramfry & Sagar and then moved to K&S Partners. In the year 2008, she had joined countrys largest pure-play consumer company Hindustan Unilever as legal a manager from where she moved to GE HealthCare as legal counsel for South Asia in the year 2010.
Nirmala Sitharaman’s bahi khata: More for aam adami?
The buzz is that she will be addressing the demand side of economy — giving consumers more money to spend without cutting back on government expenditure on social schemes
Retail, residential sectors under reporting season spotlight
Performance of the retail and residential owners and developers will be under the spotlight in the upcoming earnings reporting season.
As Trade Tensions Ebb and Chip Prices Recover MU Stock Is a Buy
After being battered by market forces and a trade war for over a year, Micron is positioned for growth, and that should propel MU stock.
Bitcoin Price Analysis: $10,000 In Sight, However Bearish Divergence Might Ruin The Bulls Party?
Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 - $9400. The beautiful
Does Algorand 2.0 Prove an Appealing Option for Developers?
Government agencies, sports franchises and mainstream exchanges are first real-world adopters of the popular “pure proof-of-stake” Algorand blockchain.
Plug Power - Business Update Call Takeaways - Company Signs Third Anchor Customer
Discussing key takeaways from Thursday's business update call. Company reported FY2019 gross billings at the lower end of the projected range and guided for approximately 27% top-line growth and mater
HCL top employer across Europe, South Africa
HCL Technologies said it has been named Top Employer 2020 in the United Kingdom, Sweden, Germany, the Netherlands, Poland, France and South Africa.As well as achieving status as a Top Employer in mult
Markets welcome WHO virus declaration
Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China.
Statistics Canada says GDP edged up 0.1 per cent in November
OTTAWA — Statistics Canada says real gross domestic product edged up 0.1 per cent in November, reversing most of the decline experienced in October.
Cases Involving Rs 1.58 Lakh Crore Resolved By IBC Till December; Resolution Time Slashed By 340 Per Cent
The Insolvency and Bankruptcy Code (IBC) has resolved cases worth Rs 1.58 lakh crore till December 2019 and the resolution time for each case has reduced from 4.3 years to less that a year, the Economic Survey 2019-20 has noted [PDF].
Sustainable living: After Air New Zealand’s edible cups, French pastry chef serves sugary receipts
French pastry chef Ludovik Gerboin in Bavaria has started printing edible sales receipts made of sugar and surmounted them on every pastry.
India Set to Move Towards Chinese Model to Expand Exports, Create Jobs
New Delhi (Sputnik): The Indian Finance Ministry has been trying to attract investments from foreign companies into India. The cut in corporate tax rates came as a push to attract investments by technology companies looking for avenues outside of China, amid Beijing’s ongoing trade war with Washington.
Stocks drop amid uncertainty over virus impact; Amazon soars
U.S. stocks fell broadly in midday trading on Wall Street amid ongoing uncertainty about the potential economic impact of the 2019 Novel Coronavirus outbreak that originated in China.
Here’s The List Of Top Ten Most Expensive Bank Accounts In Kenya
It will cost you at least Ksh17,750 per year to maintain the most expensive bank account in Kenya, a new study by Financial Sector Deepening (FSD) has found.The study found that Standard Chartered
Shares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as ...
Economic Survey calls for USD 1.4 trillion spending on infrastructure
Finance minister notes that investment in infrastructure is necessary, as it affects the overall growth
GAN expects earnings to beat market expectations
Gambling software company anticipates earnings of between £7m and £8m
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
Notable turnaround in mineral production due to policy reforms: Survey
The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said
Play Casino Stocks with a Bearish Put on Las Vegas Sands
My indicators turned bearish last Friday, and I am recommending a bearish put option on Las Vegas Sands Corp. (NYSE:LVS).
Ukraine court puts freeze on Ferrexpo unit's shareholding – media
Ferrexpo's operations remain unaffected and continue as normal.
Abdul Jalil succeeds Hamzah Bakar as Sapura Energy's chairman
KUALA LUMPUR: Sapura Energy Bhd has appointed Abdul Jalil Abdul Rasheed as its non-independent non-executive chairman, succeeding Datuk Hamzah Bakar, effective February 1.
What could derail the long-awaited property market recovery?
PROPERTY experts are hopeful 2020 will be the year the Perth market returns to growth.
OPEC's oil output in January declined 640K bpd to 28.35 million bpd
The crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) fell 640,000 barrels per day (bpd) in January to 28.35 million bp
GDP edges up 0.1 per cent
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
IBM’s new CEO wants India to lead ‘quantum’ race
IIT-Kanpur alumni Arvind Krishna will replace Ginny Rometty as IBM’s Chief Executive Officer, marking the ascendance of another Indian to the top post of one of the largest tech companies in the world