Economy 711
Kerala Bank comes into being
Administrator rule of district cooperative banks ends
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
E-tailers jump bandwagon to boost sales with Black Friday offers
From Amazon to H&M, the Black Friday offers flooded people's emails and message boxes on smartphones in the country
More than half of EU consumers have environmental impact in mind when shopping
Today the European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU; that consumers are more aware about their environmental footprint; and that consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, […]
Attention Traders! Win $25K by showing off your trading talent with our newest asset - Algo!
We’re excited to introduce Algorand's native token, Algo, to PIT traders by launching a trading contest. The more you trade, the more you could win!
What Japan's next stimulus package should aim for
The government's challenge will be to put together a spending package that shores up consumer spending and increases the economy's growth potential.
Hallmarking For Gold To Be Mandatory From 2021, Industry Welcomes Move
One year period will be provided for implementation of hallmarking decision to enable jewellers clear their existing stock.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Liverpool planning Anfield expansion
Liverpool are planning to expand the Anfield Road stand by 7 000 seats, which would raise the grounds' capacity to 61 000.
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
Eni and Government inaugurates “Okuafo Pa” Agric training Centre
news, story, article
OPEC oil output falls 110,000 bpd in November to 29.57M bpd – Reuters
Crude oil output by the Organization of the Petroleum Exporting Countries fell 110,000 barrels per day (bpd) in November to 29.57 million bpd, a Reute
North Vancouver’s 1960s Capilano Mall plans for redevelopment
The managers of Capilano Mall are planning for redevelopment of the 1960s-era mall.
Greater balance in Christchurch industrial sector - Colliers
Christchurch’s industrial sector is recalibrating to a more balanced demand and supply profile, as construction activity dips slightly and local businesses expand and absorb existing space.
$993 Million multipurpose Pwalugu dam to be completed by 2024
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by 2024 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifty months.
Cities consume 75% of all world sources, generating 50% of waste
While cities cover only 3% of the earth's surface, they consume 75% of its natural sources, Turkey's Environment and Urbanization Minister Murat Kurum said...
Take Five: NATO -- dead or alive?
(Reuters) - 1/ HAPPY BIRTHDAY NATO!
Is Vietnam too cautious when setting economic development goals for 2020? - VietNamNet
Many economic targets set for 2020 are lower in comparison with real implemented levels.
Next week’s key events in developed markets – ING
Analysts at ING offered a brief overview of the upcoming important market-moving economic releases/events, including a batch of sentiment indicators i
Flughafen Zürich AG wins bid for new airport near New Delhi
LUCKNOW, India — An Indian official says Flughafen Zürich AG has been selected to design, develop and operate a new airport near the Indian capital after outbidding Indian companies. A spokesman for the Uttar Pradesh state government, Mritunjay Kumar, says state authorities have acquired 5,100 acres (2,063 hectares) of land and obtained environmental clearance for …
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published at 13:30 GMT. Statistics
China Mobile International launched first ever global shared service center in Cyberjaya
KUALA LUMPUR: China’s telecommunication giant China Mobile, through its overseas subsidiary China Mobile International (CMI), has officially launched the group’s first ever global shared service senter (SSC) in Cyberjaya marking a new chapter in CMI’s ambitious plan for expansion in to the region.
No change in prices of RON97, RON95 and diesel
KUALA LUMPUR (Nov 29): The Ministry of Finance (MOF) today announced that the retail price of RON97 petrol will remain at RM2.66 per liter, while RON95 and diesel will remain at RM2.08 and RM2.18 per liter respectively, for the period of Nov 30 to Dec 6.In a statement issued today, MOF announced that petroleum retail prices were set weekly using the Automatic Pricing Mechanism (APM) formula, where the retail price of RON95 and diesel for the same period is
Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
Bharti Airtel to seek board nod on December 4 for raising funds
The board will also evaluate raising of funds through debentures, non-convertible debt instruments along with warrants, convertible debentures , securities or any other equity based instruments including through qualified institutions placement or rights issue, or through any other permissible mode
E.ON SE (ENAKF) CEO Johannes Teyssen on Q3 2019 Results - Earnings Call Transcript
E.ON SE (OTCPK:ENAKF) Q3 2019 Earnings Conference Call November 29, 2019 03:30 AM ET Company Participants Carsten Thomsen-Bendixen - Interim Head of Communications and Political Affairs Group Spokesma
CISF Recruitment 2019 for Head Constable (Rs. 25,500 – Rs. 81,100/-Per Month)
CISF Recruitment 2019 for Head Constable (Rs. 25,500 - Rs. 81,100/-Per Month)Applications are invited from the Male/Female citizens of India to fill up 300
Green is the new black! Kilkenny launches shop local Green Friday Campaign
Say goodbye to Black Friday and hello to Green Friday by buying Irish brands and products on November 29, urges a leading Irish retailer. Green Friday is an initiative led by Marian O’Gorman of ...
Liverpool Could Be Set To Host Gaelic Games At Anfield
Discussions are underway to expand Liverpool's Anfield Road Stand with the club also teasing the possibility of hosting a GAA match at the iconic stadium.
A blockchain/IoT combo could reduce food fraud by $131B in five years
Blockchain is gaining ground in the supply chain arena, verifying not only the provenance of goods, but enabling suppliers of meats and produce to verify their origins and ensure regulatory rules are met.
Niall McGarry steps down as Irish chief of Maximum Media
Founder of Maximum Media, Niall McGarry has stepped down from his executive role within the Irish branch of the company over controversies
European Space Agency with a Record Budget
European Space Agency (ESA) members agreed Thursday a record 14.4 billion euros budget, promising to maintain Europe's place at the top table as the United States and China press ahead and industry disruptors such as Elon Musk's Space X present new challenges, AFP reported.
Buhari: Construction of Ajaokuta-Kaduna-Kano gas pipeline to start soon
President Muhammadu Buhari says the federal government would soon commence the construction of the Ajaokuta-Kaduna-Kano (AAK) gas pipeline.
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
GAM’s head of investments to quit Swiss asset manager
Matthew Beesley was once regarded as contender for top job
NHS Tayside starts review of at-risk GP surgeries
Follows abrupt closure of Bridge of Earn practice
No question of closing down Integral Coach Factory, says Piyush Goyal
Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train
Gold Technical Analysis: Metal remains under precious below $1465/oz
On the daily chart, gold remains under selling pressure near the November lows while trading below the 1465 resistance level and the 50/100 SMAs
ECB Board nominee Schnabel: September stimulus can be justified by current inflation data
The European Central Bank's (ECB) September stimulus could be justified by current inflation data as well as the outlook for inflation over the medium
Lukoil: Solid Q3 Results Ensure High Yields
Lukoil performed better than expected in Q3 2019.I expect Lukoil to generate strong FCF in the medium term.Lukoil is one of the best quality stocks in the Russian stock market.
Egypt has capacity to store 4 mln tonnes of wheat - ministry
CAIRO, Nov 29 (Reuters) - Egypt, the world's largest wheat importer, has the capacity to store 4 million tonnes of wheat this season, the supply ministry said on Friday, adding it had built new wheat silos for the additional storage.In July, Egypt signed a deal with the OPEC Fund for International Development (OFID) to build two wheat silos in Port Said. At the time, Supply Minister Ali Moselhy said they would raise Egypt's storage capacity for imported wheat by around 15%. (Reporting by Momen Saeed Atallah; Writing by Yousef Saba; editing by David Evans)
More pain for German car industry as Daimler axes 10,000 jobs
Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance.
Damning Tongaat Hulett forensic report fingers ex-executives, including Peter Staude
Group plans to pursue claims against executives implicated in PwC probe
SEBI to decide on interim relief to Karvy by Monday: SAT
The Securities and Appellate Tribunal (SAT) has asked SEBI to decide on giving interim relief to Karvy Stock Broking by Monday. SAT has asked SEBI to consider allowing Karvy limited use of power of at
Will ensure water for every acre in A.P.: Anil Kumar
‘Government committed to completing pending irrigation projects’
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
Despite growth in govt expenditure, GDP slowdown continues
The economic activities which registered growth of over 4.3 per cent in Q2 of 2019/20 over Q2 of 2018/19 are 'Trade, Hotels, Transport, Communication and Services related to Broadcasting' 'Financial, Real Estate and Professional Services' and 'Public Administration, Defence and other services'
Better Buy: Square vs. American Express
A case of the turtle and the hare?
Evolution Mining's Red Lake Mine Acquisition - A Bet On Exploration Success
Newmont Goldcorp will sell the Red Lake mine to Evolution Mining for $375 million, plus contingency payments of up to $100 million.Evolution will invest $100 million to improve the mine operations and
Renault and Nissan Try a New Way After Years When Carlos Ghosn Ruled
The automakers want to strengthen their alliance with more decisions built on consensus.
Publisher says he’s hearing interest in non-profit turn
NEW YORK - Utah’s Salt Lake Tribune is taking an intriguing approach toward survival by successfully petitioning the IRS to let it become a non-profit. That
Kevin Greenard: Ten reasons to be cautious with Canadian equity ETFs
An ETF is a commonly used abbreviation for Exchange Traded Fund. Canada was the first country to launch an ETF in 1990 with one provider. Known as the S&P/TSX 60 Index, it essentially held the . . .
Samsung Note 10 sales surpass predecessor
The Galaxy Note 10 proves popular in SA, and Samsung continues to empower youth through its multimillion-rand bursary.
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
After five-month road test, B30 implementation gets green light
The vehicles in the test showed “relatively similar” performance in power, emissions and fuel consumption compared to when run using B20 biodiesel.
Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Economic Slowdown: 4.5% Growth “Clearly Unacceptable", "Worrisome", Says Ex-PM Manmohan Singh
Indian economy needs to grow at 8-9% per year to fulfil people’s aspirations. Root cause for slowdown is Modi government's distrust of businessmen, says Singh.
If You're a Solo Entrepreneur in a Blue State, Get Politically Aware Right Now to Save Your Business
The problem isn't unions and employee status so much as it is a rush that might not make distinctions.
South Korea cuts growth forecast to lowest in decade
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a ...
Experts on GDP numbers: 'Worst is not past us'
Former Chief Statistician of India, Pronab Sen said the manufacturing showing negative growth is certainly worrying. "I don't think the growth has bottomed out, the growth figures may continue to decline the next quarter too, however, post fourth quarter may show some recovery owing to the base effect," Sen said.
HCL Foundation invests more than Rs 160 crore in community projects in UP
UP accounts for 2/3rd of the Foundation's activity spend
Financial boost for minority media
Newspapers run by members of the Armenian, Greek and Jewish communities are to receive extra state funds thanks to an affirmative action scheme. The...
India’s GDP growth slips to 4.5%, slowest in more than six years
The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
Expo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
Power Grid Jobs for Executive Trainee (B.Tech/B.E, B.Sc)
Power Grid Jobs for Executive Trainee (B.Tech/B.E, B.Sc)Details of a number of vacancies and reservation shall be indicated in the notification
Do Activist Investors Create Value?
The exchange-traded fund industry is expanding its product range to all investment strategies and grabbing more and more market share from the mutual fund sector.Activist investing isn't a new phenome
Health insurance: Hygeia HMO announces 20% discount
HMO, has will today began its first-ever Black Friday sales in health services even as it announced 20 per cent discounts on its health plans for shoppers
Sensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
NATO seeks to head off budget row saying spending is rising
BRUSSELS (AP) - NATO Secretary-General Jens Stoltenberg said Friday that European allies and Canada are spending even more than previously thought on defense, just days before U.S. President Donald Trump is expected to demand once more that other leaders boost their military budgets.
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
SAA dropped by leading travel insurer
The decision prompts Australian travel agency Flight Centre Travel Group to stop selling tickets for the airline.
AUD/USD loses recovery momentum ahead of 0.6800, trades around 0.6780
The AUD/USD pair continued to push lower during the Asian trading hours on Friday and touched its worst level since mid-October at 0.6762 but staged a
Italy: Annual GDP in Q3 grew 0.3% as expected
The Gross Domestic Product (GDP) in Italy expanded by 0.1% on a quarterly basis in the third quarter and came in at 0.3% on a yearly basis with both r
Muntinlupa students win climate and disaster resilience contest
Have you ever thought of having a device that automatically shuts off power when it detects a strong tremor, thereby mitigating the secondary damage from fires brought by a strong earthquake?
MG Motor India partners Umicore to recycle upcoming EV's batteries
The partnership will allow end-of-life ZS EV batteries to be recycled, thus ensuring greater peace of mind to MG customers about their ecological footprint
ACB Stock Price: Aurora Cannabis Inc. sets higher lows, shrugging off financial fears
Aurora Cannabis Incorporated, which is headquartered in Edmonton and trades at the Toronto Stock Exchange (TSE) has risen on Thursday at and closed at
India announces $400 million loan for Sri Lanka, in support of new president
India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation's new President Gotabaya Rajapaksa aimed at improving bilateral ties. Sri Lanka, located off the southern tip of India, has become an arena of competing
NZ Taxpayers' Union congratulates NZ First for stance on tobacco tax
Responding to New Zealand First’s decision to oppose January’s hike in tobacco excise, New Zealand Taxpayers’ Union spokesman Jordan Williams says:
Telkom Says Cell C Has Rejected Takeover Offer
JOHANNESBURG – Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid. “The Telkom Board continues to believe the offer is a compelling proposition that would have created significant value for all stakeholders including Telkom’s shareholders,” the statement said. Cell C is majority-owned by Blue […]
US stocks retreat from records on greater trade tension
WEST NEW YORK, Nov 29 — Wall Street stocks retreated from records early today on revived worries about US-China trade talks as retailer shares were mixed on the official start of the holiday shopping season. Analysts pointed to increased US-China trade friction as Beijing threatened unspecified...
Seven Chinese universities in top 10 of QS Asia Rankings
QS Quacquarelli Symonds, a London-based higher education analyst firm, released on Wednesday its latest assessment of Asia’s 500 best universities
USD/CNH: scope for extra consolidation near-term – UOB
FX Strategists at UOB Group believe the pair is posed for the continuation of the consolidative mood in the next weeks. Key Quotes 24-hour view: “USD
Buhari Administration Committed to Growth of MSMEs — Adebayo
Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, has declared that “Nigeria is open for business!” Vanguard News
India Fires Salvo Against Israeli Manufacturer for 'Snubbing' Its Domestic Anti-Tank Guided Missile
New Delhi (Sputnik): Israeli manufacturer Rafael faced a major setback in 2018 after the Indian Defence Ministry cancelled a $500 million Spike deal in favour of a domestically manufactured anti-tank guided missile. New Delhi previously bailed on a Spike purchase in 2011, and again in 2017 – both times under the DRDO’s pressure.
Most fund managers since 2011 see South Africa equities as cheap
More fund managers also see local bonds as undervalued, survey shows.
We commit to uninterrupted power supply - GRIDCo Chairman
news, story, article
C&I Leasing gets approval to list N539 million worth rights issue
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Why India needs deep-tech start-ups
Deep technologies hold the key to social development as well as data security. But India’s progress in this area has been slow
Forex kitty continues to move up, closes in $449 billion mark
India Business News: Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22
US Dollar Index clinches 6-week highs beyond 98.50
DXY moves beyond the 98.50 level. The index records fresh multi-week highs. US 10-year yields climb to highs near 1.78%. The greenback, in terms of t
Why This Top Aerospace Stock Is Poised to Fly Higher
One of the best-performing industrial stocks of the last decade shows no signs of slowing down.
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Sebi on November 22 had barred Karvy from taking new clients in respect of its stock broking activities.
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
news, story, article
Daimler to cut thousands more jobs in bid to reduce costs
Car manufacturer struggling with cost of electic vehicles
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
LTFRB to review Grab’s fare structure
Following the P23-million fine imposed by the Philippine Competition Commission (PCC) against Grab Philippines, transport regulators will review the ride-sharing firm's fare setting scheme to determine any violation on existing agency policies.
Sod turned on two Kerry greenways
Funding of €6.5 million for the cycleways is being supplemented by an increase in the local property tax.
Time to have ‘the talk’ with your health insurer?
It's not you, it's them. A romance always starts out hot. But the honeymoon stage doesn’t last forever, particularly when it comes to you and your health
German auto industry group appoints former Merkel aide
BERLIN (AP) - An influential group representing the German auto industry has chosen Hildegard Mueller, who was once a senior aide to Chancellor Angela Merkel, as its new leader.
German car industry reels as Daimler cuts 10,000 jobs
Some 50,000 cuts have been announced across the sector as automakers restructure
Future of big name Burton store in the balance
It could be saved by another high street name
CEO of Crypto Exchange IDAX Global Disappears, Experiences “Impeded Withdrawals”
An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing "channel c
Millions of Kenyans to get access to digital post boxes | IOL News
Mobile network operator Safaricom and the Postal Corporation of Kenya on Friday announced a partnership to roll out digital ...
Business licences loom for short-term online rentals in Saskatoon
The options city politicians will consider include an outright ban on renting properties not occupied by host
Global startups further expand Turkish software exports
Many global startups based in Turkey and operating in sectors as varied as cybersecurity, gaming, entertainment, health and financial technology, are making a marked contribution to the country's exports and the nurturing of well-trained human resources
China mixing military and science in Arctic push: Denmark
COPENHAGEN (Reuters) - China’s military is increasingly using scientific research in the Arctic as a way into the region, a Danish intelligence service said on Friday, as it warned of intensifying geopolitical rivalry in the Earth’s freezing North.
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
Demand for Certified Energy Advisors powers success for OC alumnus - Campus Life
Okanagan College Media Release
India’s economic growth cools to six-year low
Slowdown in rate of expansion is latest sign of deepening gloom
Slowdown impact? Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October
'Outcome of UK Election Will Be Substantially Closer Than Many People Realise' - Brexit Expert
David Collins, a professor of international economic law at City, University of London and author of Negotiating Brexit: The Legal Basis for EU and Global Trade, has commented on the results of a YouGov poll predicting a big win for the Tories in the upcoming UK vote on 12 December.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
Donohoe responds to corporation tax warnings
Ireland will have to prepare for a fall in lucrative corporation taxes in the coming years, the Finance Minister admits.
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
India announces $400 million loan for Sri Lanka, in support of new president
NEW DELHI (Reuters) - India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation’s new President Gotabaya Rajapaksa aimed at improving bilateral ties.
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the record 1.1 million premises passed in the previous quarter. Overall, 16.7 million premises had access to FTTP services, up 34 percent year-on-year, said regulator Arcep in its latest fixed broadband report.
Canada: Economy grew at annualized rate of 1.3% in Q3 vs. 1.2% expected
The Canadian economy expanded 1.3% on a yearly basis in the third quarter supported by higher household spending and business investment, the data pub
Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift
"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
Former AIB boss David Duffy pay rises 84% to £3.4m as head of Virgin Money
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
Here’s everything we know about WeWork’s layoffs and next steps as the co-working giant looks to right itself
Here’s everything we know about what’s going on inside WeWork:
Alaska governor marks 1st year in office amid turmoil
JUNEAU, Alaska (AP) - Alaska Gov. Mike Dunleavy says he hopes to move past the rancor of his first year in office, amid an unsettled dispute with lawmakers over state spending and threat of a recall effort.
Taco Bell accelerates rollout despite Mexican stand-off
Fast-food giant Collins Foods will open its first Victorian Taco Bell restaurants in Hawthorn and South Yarra.
Sensex hits 19 fresh highs in November, gains 665 points
The announcement of corporate tax reduction in the last week of September provided the much-needed trigger that lifted the market by around 4 per cent during the month and a little over 7 per cent till date
Renault-Nissan-Mitsubishi to appoint General Secretary for alliance
Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost ...
Larry Ellison Picks Storied Lake Tahoe Property for Next Nobu Getaway
Robert De Niro and his hospitality team are joining with the Oracle billionaire to remake Cal Neva, owned in its Rat Pack heyday by Frank Sinatra.
BCC struggles to rehabilitate recreational facilities due to funds shortage
Shortage of funds is reportedly crippling the Bulawayo City Council from rehabilitating recreational facilities needed for various activities that may keep the ...
Social Innovation Ireland Fund boosts its board
Ailbhe Keane, founder and creative director of Izzy Wheels, has also joined the the fund board.
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
$5.8B deficit over 6 months
The federal government ran a deficit of $5.8 billion over the first six months of its 2019-20 fiscal year compared with a surplus of $1.2 billion in the same period last year.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
Air Serbia to launch flights from Istanbul Airport in December
Air Serbia has decided to resume flights from Istanbul on Dec. 11 after nearly a two-year break since March 14, 2017. According to a statement released...
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Sensex falls 336 points to close at 40,794 ahead of GDP data; Nifty below 12,050
India Business News: Equity indices on Friday ended in red with the benchmark BSE sensex plunging over 300 points ahead of quarterly GDP growth data release. The 30-share
Domestic traffic for Air Passengers rises by 12pc – KCAA
NAIROBI, Kenya, Oct 29-The Kenya Civil Aviation Authority says there is an increase in passenger traffic at the Jomo Kenyatta International Airport with 12 per cent growth in domestic passengers and 7.6 per cent in
Japan, South Korea to hold high-level trade talks
Nov. 29 (UPI) -- In the shadow of the United States trade war with China, South Korea's trade ministry said Friday it will hold high-level trade negotiations with Japan to end its long-running standoff.
PIMCO Enhanced Short Maturity Active ETF: A 'Better Than Cash' Alternative
MINT is a low-risk bond-based exchange-traded fund with a focus on capital preservation and liquidity while offering yields above Treasuries through a monthly dividend.Actively managed strategy is uni
Euro-Area Inflation Quickens, But Remains Far Below ECB's Goal
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Downdetector.
Turkish, Qatari financial authorities sign deal to expand economic, financial ties
The Presidential Finance Office and the Qatar Financial Center signed a memorandum of understanding (MoU) to expand cooperation during President Recep...
Most SE Asian stocks slip as Sino-US tensions over Hong Kong continue to weigh
(Nov 29): Most Southeast Asian markets dropped on Friday, hurt by worries that a US law backing protesters in Chinese-ruled Hong Kong could disrupt ongoing trade negotiations, as the two countries try to strike a deal to diffuse a 16-month long trade war.All eyes were trained on China, which on Thursday warned of retaliation after US President Donald Trump signed legislation that, among other things, threatened sanctions for human rights violations in Hong Kong."Market will continue to wait for
GDP at 4.5%: What is recession?
Q2 GDP: Recession, simply put, is when an economy starts to decline in value. It means that the country is producing and earning less than what it did before
Liverpool want to host GAA matches after Anfield expansion
Liverpool have announced proposals for extending the capacity of Anfield to over 61,000, while the club is also aiming to host GAA and NFL matches at the
Govt. orders land acquisition for last leg of river linking project
TIRUNELVELIThe Tamil Nadu Government, which is keen on commissioning the Tamirabharani – Karumaeniyar – Nambiyar linking project by December 2020, has released the government order for acquiring lands
Tories slammed by free market groups over state aid pledges
Business and free market groups slammed pledges today by Boris Johnson to expand state aid for businesses if the Conservative [...]
India GDP growth: a six-and-a-half-year low – ANZ
Analysts at Australia and New Zealand Banking Group (ANZ) offered their take on Friday's release of Indian GDP report, which showed a further decelera
Another blow for Georgiou
SCA dismisses an appeal against a high court decision ordering him to honour an HS buyback agreement.
Government Extends Mandatory FASTag Roll Out Date To Dec. 15
Over 70 lakh FASTags had been issued till Wednesday, with the highest per-day issuance of 1,35,583 tags on Nov. 26.
Bouquets and brickbats for govt.as it completes 6 months in office
Several decisions guided by poll manifesto; sand policy, review of PPAs draw flak from various quarters
Yawning trans-Tasman salary gap for medical specialists
29 November 2019
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
Q2 GDP: Fiscal deficit of 3.9% realistic, says Uday Kotak
The just released GDP data for the second quarter (July-September) shows that the growth has gone down to 4.5 per cent (the lowest in six years) from 5 per cent in the first quarter (April-June)
Amazon tax must be delayed in light of service shutdowns
The New Zealand Taxpayers’ Union is calling on the Government to delay the introduction of the ‘Amazon tax’ in light of reports Amazon will withdraw its international websites while it processes how to comply with new GST rules, says the New Zealand Taxpayers’ Union.
Almost Half of EU States Give No-Go to New Rule Requiring Tech Giants to Reveal Real Incomes & Taxes
The proposed directive was worked out to shed light on how big businesses, like Apple, Google, or Facebook to name a few, get around tax legislation by formally shifting their income from greater-tax nations such as the UK and France to lower-tax jurisdictions like Malta, Ireland, or Luxembourg.
Mercedes-Benz parent Daimler plans thousands of job cuts worldwide
The job cuts will be carried out by the end of 2022 as part of efforts to reduce spending by 1.4 billion euros (US$1.5 billion), the maker of Mercedes-Benz cars said Friday in a statement.
SFI–Capco Institute Banking & Finance Forum
The conference will be held in English and attendance is free of charge. Registration is mandatory.
Bokio, the Swedish startup simplifying accountancy with AI, raises €4 million round led by Creandum
Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4 million.
We ll provide funding for UNIDO’s industrialisation programme – FG
Ifeanyi Onuba, Abuja The Minister of State for Budget and National Planning, Clem Agba, has said the Federal Government would support the new five year Country Partnership Programme of the Unite...
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
Boris Johnson has promised to scrap EU state aid rules after Brexit in order to stop UK businesses from collapsing.
Bill Evans: Australian dollar to keep falling as RBA cuts
Via Bill Evans of Westpac on the RBA and the Australian dollar:
USD/JPY climbs to fresh six month highs above 109.60
The USD/JPY pair is inching higher ahead of the American session on Friday supported by the broad-based USD strength. As of writing, the pair was trad
Huawei prepares lawsuit to fight against FCC restrictions
The company has also drastically increased its spending on Washington lobbyists and has engaged in a public-relations makeover.
Forex reserve hits fresh record high of $449 billion
In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
We are in a virtual free-fall, says Congress on GDP growth slip
The Congress on Friday took a swipe at the BJP government over the GDP growth falling to 4.5 per cent, and said this is the lowest GDP recorded in six years.Congress chief spokesperson Randeep Surjewa
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Why 8th Senate rejected Buhari’s $29.96bn loan request – Shehu Sani
Sunday Aborisade, Abuja The chairman of the Senate Committee on Local and Foreign Debt in the 8th National Assembly, Senator Shehu Sani, has explained why the federal parliament rejected Preside...
China updates drug reimbursement list, agrees price cuts
Chinese regulators have added 70 new medicines to the country’s National Reimbursement Drug List (NRDL), and has agreed an average of 61% in price cuts with pharma companies.
GRAINS-Chicago soybean prices slip as U.S.-China tensions grow
* U.S.-China talks shift to Shanghai this week* Wheat underpinned by declining outlook for Russia's crop* No deliveries against CBOT December wheat or corn contracts (Recasts with U.S. trading, adds quotes, updates prices, changes dateline from LONDON)By P.J. HuffstutterCHICAGO, Nov 29 (Reuters) - Chicago soybean futures slipped on Friday with the market closely watching for updates on U.S.-China trade talks, and traders less than impressed with a jump in recent soybean export sales between the two countries.
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation
Vinted, a social marketplace for pre-loved clothing, has taken the spot as Lithuania’s first tech unicorn, after raising a stellar €128 million. The funding round was led by new investor Lightspeed Venture Partners, with participation from existing backers including Sprints Capital, Insight Venture Partners, Accel and Burda Principal Investments. Funds will be used to boost product development and rocket rapid growth across Europe.
Ajaokuta-Kaduna-Kano gas pipeline construction to commence soon – Buhari
Nigeria President Muhammadu Buhari on Friday Friday said the government will soon begin the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline to move gas from the Southern part of the country to the North. The Nigerian president made the disclosure while addressing the 5th Gas Exporting Countries Forum (GECF) Summit at the Sipopo International Conference […]
Berlin airport to open in 2020 after nine-year delay
Berlin's new international airport is set to open on October 31, 2020, its operating company said Friday, after an embarrassing nine-year delay owing to structural problems and corruption. "The BER will open on 31.10.2020," Flughafen Berlin Brandenburg (FBB) said on Twitter, using the
Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
Support the Guardian – and help us highlight the rise of digital inequality
Automating Poverty, our year-long project about the takeover of welfare systems by algorithms and AI, was funded with reader donations raised last year
Black Friday 2019 Shoppers Stay Away From Stores, Spend Online, Analysts Say
Early discounts saw a dip in the numbers lining up at stores across the country, according to consultants.
BPCL Privatisation: DIPAM Appoints Deloitte As Adviser For Strategic Sale Of India’s Second Largest Oil Refiner
Some global petrochemical giants, including Saudi Aramco have expressed interest in the assets of BPCL
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
Focus will be on Canadian GDP – TDS
Analysts at TD Securities (TDS) offered a brief preview of Friday's only important release of the Canadian GDP growth figures, scheduled later during
Canada’s economy slowed in third quarter
OTTAWA, Nov 29 — Canada’s economy put on the brakes in the third quarter sending growth falling to 1.3 per cent, or almost one-third of the previous three months’ GDP, the government statistical agency said today. Statistics Canada blamed a drop in exports for the slowdown, noting that it was...
RBI may go for another rate cut as GDP slows to more than 6-year low
Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20
Canalside apartment proposal given green light
Work to build more than 70 new canal-side apartments on derelict Walsall land could start as soon as January after plans were given the green light.
Posta looks to digital boxes to overturn bad fortunes; hopes to increase revenue by Sh1.5bn
NAIROBI, Kenya, Nov 29- The Postal Corporation of Kenya is now targeting to increase its revenues by Sh1.5 billion through digital boxes after it witnessed a fall in letters during the last financial year. According to
East Asia's political vulnerability
To avoid Latin America-style political crises, East Asian governments must ensure that their economic policies support equitable growth.
Govt accounts show strong debt position
Hon Grant Robertson
UNEP’s Emissions Gap Report warns: ‘Very hard to meet 1.5 degree goal without deeper, faster cuts’
This is from the recently published United Nations Gap Emissions Report 2019 that presents a grim assessment on the yawning gap between 'what countries have committed and what they actually require to do to limit greenhouse gas targets'.
Why 8th NASS rejected Buhari’s $30 billion loan request – Shehu Sani
Former chairman, Senate committee on local and foreign debt in the senate, Senator Shehu Sani has explained why the request by Nigeria President Muhammadu Buhari to borrow $30 billion was turned down by the 8th Senate.
National Treasury issues warning on scams as festive season looms | IOL News
National Treasury has issued a warning to companies doing business with it, saying there could be a potential escalation ...
‘Steel output target of 300 mt is challenging amid issues over raw material availability’
The Indian steel industry will be able to achieve its crude steel production target of 300 million tonnes (mt) by 2030 only if the issues surrounding raw material availability are addressed. The st
4.5% GDP growth rate unacceptable, worrisome: Former PM Manmohan Singh
He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth
Sensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
India’s economic growth falls to 4.5% in July-September quarter – the slowest in over six years
This is the sixth straight quarter of slower growth. The GDP grew just 5% in the April-June quarter.
KSE-100 index crosses 39,000 points to 9-month high
KSE-100 index crosses 39,000 points to 9-month high.
Bank of Ghana releases specimen of the new GHC100, GHC200 and GHC2 coin
The Central Bank of Ghana has released specimen of new GHC100, GHC200 Cedi notes and GHC2 coin that is expected to hit the market soon. Governor of the Central Bank, Dr. Ernest Addison at a press conference in Accra on Friday, November 29, 2019, said the new cedi notes will help shore up the value […]
With limited water supply, public urged to conserve water
The Metropolitan Manila Development Authority (MMDA), Metropolitan Waterworks and Sewerage System (MWSS), National Water Resources Board (NWRB), and the Department of the Interior and Local Government (DILG) on Friday urged the public to conserve water as there is currently a limited supply of it.
Swiss Firm Zurich Airport Outbids DIAL, Adani To Develop Jewar Airport
The first phase of the airport would be spread over 1,334 hectare and cost Rs 4,588 crore.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Down Detector.
$20 Billion in Assets on the Move to New Blockchain in 2020 by British Powerhouse HSBC: Report
Blockchain technology will power a new platform launched by HSBC. Reuters reports that the British banking giant is releasing Digital Vault in 2020. The blockchain-based custody solution will grant investors real-time data for securities that are bought on private markets. Paper records primarily comprising private placement transactions will be swapped for blockchain records, making HSBC’s […]
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr
After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement
UK hails 63 per cent hike in Indian student visas
The ONS data overall indicates that over the last decade, around 270,000 Indian students have chosen the UK as a higher education destination. In contrast, an estimated 229,000 more non-EU citizens moved to the UK than left in the year ending June 2019.
Academic Conference: World Symposium on Investment Research
It is an annual event taking place on the first Sunday and Monday of May in some financial centers around the globe.
Spurt in wheat sowing pushes rabi area to 338 lakh hectares
Pulses acreage falls with dip in area under gram cultivation
Build office buildings for all GPs, says Minister
Dayakar Rao reviews work taken up under Centrally-aided schemes
NZ First ‘Agrees to Disagree’ Over Tobacco Excise Increase
New Zealand First ‘Agrees to Disagree’ Over Tobacco Excise Increase
Mayar Fund's Q3 2019 Letter To Partners
We invest globally in great businesses that have durable economic moats, favorable customer economics, consistent financial results, high and stable returns on capital, strong cash flow generation, an
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit, Business Insider - Business Insider Singapore
Business Insider - The prime minister announced that he would remove EU rules preventing the government from awarding contracts to UK-based businesses.. Read more at businessinsider.sg
Why Bailouts Are The Solution For Companies That Are Too Big To Fail
Ideal regulators may reduce the necessity of a bailout; but they may still be required in times of extreme duress.
Hundreds to descend on OMV in New Plymouth
Hundreds to descend on OMV in New Plymouth for climate protest
Oil to be stuck in a rut in 2020 as slowing demand fuels glut
Opec unlikely to opt for deeper output cuts.
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
What if a Progressive President Cut U.S. Defense Spending Dramatically?
What would the United States need to do to significantly cut its defense budget? The question is complicated, and the answers are difficult.
Inspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020
A startup that's friendly to both the environment and your wallet is two steps away from a $1 million prize. Renewable-energy company Looop Inc., which
PM scrambles to spur growth; India braces for GDP shock
By Vrishti Beniwal The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had
IIT researchers and NCSM join to create 'Gandhipedia'
The first phase is expected to be completed by March next year followed by four more phases till March, 2024, it said.
More pain for German car industry as Daimler axes 10,000 jobs
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (USD 1.5 billion) in staff costs by the end of 2022 as it joins rivals in investing huge sums in the greener, smarter cars of the future. "The total number worldwide will be in the five-digits," Daimler personnel chief Wilfried Porth said in a conference call about the job cull.
EUR/GBP retreats from daily highs near 0.8540
The selling pressure around the single currency has forced EUR/GBP to recede from earlier tops in the 0.8540/45 band. EUR/GBP remains focused on the U
PwC probe finds executives at Tongaat overstated profits, assets
Executives used 'undesirable accounting practices'.
Australia a 'treasure island' for medical device giants: ex-hospital boss
The former boss of Australia's second largest private hospital operator has backed health insurers' claims they are being gouged by medical device manufacturers.
Cotton - The Fluffy Fiber Continues To Work Its Way Higher
A recovery to 96.50 cents ran out of steam in June 2018.Cotton falls to just over the 2016 bottom.A bullish pattern since late August.Levels to watch in the cotton market.BAL is the cotton ETN product
Eagle-eyed Aldi shoppers spot 'worst deal of Black Friday' - and it's laughable
The deal, courtesy of Aldi, has sparked plenty of raised eyebrows from shoppers
Malaysians can now use MyDebit ATM cards at some shops in Singapore
Cross-border payments between Singapore and Malaysia just got a huge boost, after the Republic’s NETS and Malaysia’s PayNet announced that their payment terminals can now accept each other’s cards.
Costco’s website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco’s website crashed for several hours over Thanksgiving, and experts estimate that it could have cost the retailer as much as $11 million in sales.
Economy set to grow at much faster pace: P. K. Mishra
Mr. Mishra, however, acknowledged that in recent months India had witnessed a slowdown in growth.
India: Economy grew 4.5% in Q2 vs. 4.7% expected
The data published by the Ministry of Statistics on Friday revealed that the Gross Domestic Product (GDP) in India expanded by 4.5% following the %5 g
UK Black Friday transactions jump 12.5pc versus 2018, says Barclaycard
LONDON, Nov 29 — The volume of Black Friday payment transactions in Britain as of 1000 GMT was up 12.5 per cent versus last year, initial data from Barclaycard showed today, bringing some cheer to UK retailers in need of a tonic after a troubled year. Barclaycard, which processes nearly one pound...
Labour raises alarm over nation’s rising debt profile
Organised Labour has raised the alarm over the nation’s rising debt profile, saying there is the urgent need for the country to give in to well...
Sebi imposes Rs 2 lakh fine on Unitech for violating Listing Agreement
It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008.
AGR dues: Bharti Airtel to seek board nod for raising funds on December 4
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue
Canberra region tourism winners revealed
Outgoing Australian War Memorial director Brendan Nelson has been recognised for his individual contribution
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.
Here’s everything we know about what’s going on inside Goldman, from its changing tech culture to shakeups in its inner ranks.
Mercedes-Benz owner to slash 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with
Demos and deals as Black Friday sweeps Europe
PARIS, Nov 29 — Climate activists staged protests across Europe today to denounce the environmental toll of mass consumption, while shoppers hit the streets and the internet as retailers of all stripes touted pre-holiday bargains. The American “Black Friday” tradition of a post-Thanksgiving...
Top headlines: Q2 GDP growth slips to 4.5%, CEA defends tax cut & more
From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day
One Nucleus reveals finalists of annual BioNewsRound Award
One Nucleus reveals the finalists of its annual BioNewsRound Award, recognizing life science companies that have announced exciting developments for patients and the sector. The finalists will present at Genesis 2019 where the winner will be announced.
Pfizer, Flynn face reinstatement of £90m CMA fine
The UK’s competition regulator is pushing to reinstate a £90m fine for Pfizer and Flynn Pharma – quashed last year – over price hikes for an epilepsy drug.
Natwest, RBS Facing Black Friday IT Wobbles as Services Go Down
Royal Bank of Scotland (RBS) and Natwest are both facing IT issues this morning with thousands of customers unable to access accounts. With RBS down...
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Over the past five years, PSX has not only outperformed the broad energy sector, but has also beaten the S&P 500.Still, the company's P/E is less than half that of the broad S&P 500, while the dividen
StudentFinance.com, founded by the team behind Uniplaces, raises €1.15 million to reshape education financing using AI technology
StudentFinance, a Fintech company created by the founders of Uniplaces, has today announced it has closed a €1.15 million seed round of funding led by Seedcamp (investors in Revolut and TransferWise – two of the largest fintechs in Europe) and Mustard Seed Maze.
Twitter CEO Jack Dorsey Announces He’s Moving To Africa, Says It Will Define Bitcoin Future
Dorsey’s trip could be the beginning of a Western ideological shift among big technology companies toward nations in Africa. Twitter CEO Jack Dorsey announced in a tweet this week that he would ...
Coinbase Denies Reports on Takeover of Prime Broker Tagomi
Coinbase has acquired Tagomi, a US-based prime broker that specializes in trade execution and digital asset markets for $150 million
POINT OF VIEW: ‘BEF’ reshaping Nigeria visual art
The arts industry in Nigeria, visual arts precisely, has begun to attract attention. This is as a result of efforts made by the Ben Enwonwu Foundation (BEF)
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditions.
India accounted for 22% of all visa-related searches to US in 2018: Survey
Overall, the top 10 countries accounted for nearly 56.5 per cent of all foreign visa-related searches in 2018, the report added
Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet
A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing.
Eurozone inflation firms but still below central bank goal
BRUSSELS — Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Amazon workers strike on ‘Black Friday’
Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its "Black Friday" sales bonanza, escalating a long-simmering battle for better pay and working conditi...
Turkey works on strategy to expand high-tech product exports
The government aims to increase Turkey's exports of high-technology products around the world as innovation and research and development, coupled with qualified human resources, are the new criteria for economic growth
Proposed EU-wide 'climate law' would set net-zero carbon target by 2050
Plan is part of ‘green new deal’ but campaigners say it is not enough to tackle climate crisis
Osinbajo to state govts: prioritise basic education by making funds available
Vice President, Yemi Osinbajo has called on state governments to give priority to basic education by making funds available....
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
Rohit Sharma, new blue-eyed boy for corporates, to earn Rs 75 crore more per year
Rohit Sharma endorses more than 20 brands at the moment. Industry insiders believe that the 32-year-old's earnings will see a quantum jump of Rs 75 crore per annum.
Rise of the machines: Why Australia's miners are racing for automation
An aerial picture from Jimblebar, one of BHP's biggest mines in the Pilbara, sums up its push to cut costs and increase productivity as iron ore demand falls.
Ex-Bank Executive Linked to Trump Loans Commits Suicide
Thomas Bowers, who is said to have approved some of the financial services company's loans to President Donald Trump, has committed suicide.
SC ruling on AGR will lead to telecom sector’s collapse: FICCI
Cascading effect will be felt across several other sectors too
GDP growth slumps to 6-year low of 4.5% during July-September
Dragged by dip in consumption and exports
Uganda asks more Asians to grab available investment opportunities
Uganda’s Vice President Edward Kiwanuka Sekandi has called upon Arab Countries mostly people from the United Arab Emirates (UAE) to rush and grab the plenty of investment opportunities that the country beholds. This was during the 5th Edition of the UAE – Uganda Trade and Investment Forum that was held at Sheraton Hotel and organized by the Sharjah Chamber of Commerce. It attracted over 22 companies from UAE who came to look for trade and investment opportunities in Uganda. Alex Onzima, a Minister of State in the Vice President’s office highlighted the need for trade performance between the two sister countries while representing the Vice President Sekandi. “We believe that what Ugandans and Africans need to develop is Trade, foreign Investments and access to markets but not Aid.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
India’s Core Sector Output Shrinks 5.8% In October, Lowest In Over A Decade
As many as six of eight core industries saw a contraction in output, indicating the severity of the economic slowdown in India.
Mediacorp remains best radio network in Singapore: Nielsen survey
SINGAPORE: Mediacorp remains the number one radio network in Singapore, according to the results of the latest Nielsen Radio Diary Survey released ...
Minister: Malaysian film industry in for better times following co-production agreement with Australia
PUTRAJAYA, Nov 29 — The Malaysian film industry is in for better times following the signing of a co-production agreement between Malaysia and Australia in Sydney today. Communications and Multimedia Minister Gobind Singh Deo said that with the signing of the agreement, Malaysian productions will...
French mariners fear watery grave for 17th century pension perks
LA ROCHELLE, France (Reuters) - Tugboat captain Jean-Yves Lagarde should be only 10 years from retiring thanks to special benefits for mariners that date back to the 17th century. But President Emmanuel Macron’s ambition to simplify France’s Byzantine pension system may scuttle his plan.
‘Winter is coming’: Synergy, transformation crucial for growth, says BI
Reiterating the President's notable Game of Thrones analogy, the Bank Indonesia governor stressed that structural transformation was vital to facing the coming "winter" in the global economy.
Fears for Oldbury site as Npower restructuring could cost thousands of jobs
Energy giant Npower has announced plans to restructure its UK business, leading to the loss of up to 4,500 jobs and the closure of a number of call centres.
Massive Attack commision climate change research
The Tyndall Centre will investigate strategies for reducing the live music industry's climate footprint.
Eurozone inflation firms but still below central bank goal
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
December fuel price prognosis - a mixed bag for motorists | IOL Motoring
Petrol prices are set to increase slightly in December, while diesel is set to go down, according to month-end data.
Shopee's Desaauto@KPLB to sell automotive products, aid rural economic growth
KUALA LUMPUR: Following the success of Desamall@KPLB, Shopee, in collaboration with the Rural Development Ministry and ELokal, launches Desaauto@KPLB, an automotive e-store.
Australian students kick off global climate change protests
SYDNEY - Thousands of Australian students walked out of class on Friday to join rallies demanding stronger action to rein in climate change, which they said is contributing to the country’s bushfire crisis.
Equities Slip While Investors Mark Time
The eurozone reported its preliminary estimate for November CPI rose more than expected.Germany surprised by a decline in November unemployment queues, which slimmed by 16k.The euro is stuck near its
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
EXCLUSIVE: Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghv100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation and the perennial depreciation of the currency have eroded, in real terms, the face value of the series of the notes” forced government to take the decision. He explained that a lot of thinking and consultations took place. A lot “thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions. We need banknotes and coins that are convenient for most people to use, high quality, secure and cost effective.” He added. A promotional release by BoG read in part:
The dark side of Black Friday: Counting the real cost of deals and bargains
It's great for consumers, but Planet Earth and High Street businesses could pay a heavy toll for our greed.
November Portfolio Update - Prefs And Finance
This month saw a smaller amount of overall investments, mostly going into finance, some oil/energy, preferred stock, and other debt instruments.FX is somewhat improved, but still at prohibitive levels
Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Textile parks grow at snail's pace; only 22 out of 59 projects completed so far
Scheme for Integrated Textile Parks (SITP) provides support for creating good textile infrastructure, with the government granting up to 40 per cent of the project cost
Satoshi Nakaboto: ‘Bakkt Bitcoin future trades hit daily record of $42.5M’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
Sensex plunges 336 points ahead of GDP data release for September quarter
The top gainers on the Sensex were Bharti Airtel, HDFC Bank, and NTPC.
India's apparel exports to EU face a duty disadvantage: Smriti Irani
India's exports of textile and apparel sector (including handicrafts) have increased from USD 39.3 billion (around Rs ) in 2017-18 to USD 40.4 billion in 2018-19," Irani said in a written reply to the Lok Sabha.
China’s true economic growth could be half of what everyone thinks
China’s GDP data release always generates great market excitement despite rarely straying more than 25 basis points below or above the government target. This stability has led a number of analysts to propose their own measures, typically based on a variety of Chinese proxy data but, in the end, not that different from the official numbers. In this article I argue that, based on the performance of countries comparable to China, the latter’s GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy. That being said, China has one of the highest levels of corporate debt in the world and slower growth implies greater risks of financial instability.
Govt extends mandatory FASTag roll out for toll payments to December 15
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only
Liverpool want to host GAA matches as club unveils plan to increase Anfield capacity
Liverpool have unveiled plans to expand their Anfield Road stand by adding 7,000 seats in a new scheme which will take the ground's capacity up to 61,000 - and the club has plans to hos
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
Farmers’ grievance meet turns stormy
Stir against ‘denial’ of Vaigai water for irrigation
Automotive research centre opened in Madurai
The centre is aimed at enhancing research, testing and product development in automotive engineering
Oil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
(Reuters) - Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020.
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October.
PHOTOS: Dyson's new global HQ is in one of Singapore's most historic sites - see how St James Power Station evolved over the last 92 years, Business Insider - Business Insider Singapore
Business Insider - The 92-year old building has gone from a simple power station to being abandoned, and then becoming one of Singapore's largest nightlife hubs.. Read more at businessinsider.sg
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
President Akufo-Addo expected to cut sod for commencement of Pwalugu Dam
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W Resources begins tungsten and tin production at La Parrilla mine
Mining firm W Resources has commenced tungsten and tin concentrate production for sale at its La Parrilla mine located in Spain.
Daimler to ax at least 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. It marks the third announcement on cost cuts this week by a major German car company as
Brexit Britain’s big talk on space fails to fly
European aerospace firms get in work contracts as much as their governments fund the European Space Agency, but the UK lags behind.
Explainer: What's at stake in Macron's reform of France's cherished pensions?
PARIS (Reuters) - France is bracing for nationwide public sector strikes on Dec. 5 against President Emmanuel Macron’s drive to overhaul the country’s unwieldy and costly pension system.
Hallmarking to be mandatory for gold jewellery from 2021: Paswan
The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.
Why there'll be no morning-after regrets when Sydney eases lockout laws
Sydney in 2019 is a very different place from Sydney in 2014.
TymeBank already eyeing next million customers
After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.
Fact: Both Presidential Front-Runners Have Previously Called for Cuts to Social Security
Cutting Social Security benefits isn't too popular with the public, but some level of outlay reductions may be necessary to strengthen the program.
Euro snoozes through sleepiest week since launch 20 years ago
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty
Uddhav Thackeray orders stoppage of work for Aarey car shed
Former CM Devendra Fadnavis slams the decision.
Fintech start-up Slice aims 1 million users in tier-II cities by next year
Focussing on millennials between 18 to 29 years of age, Slice started out as a virtual card, but switched to physical card by May 2019
Daimler to cut ‘thousands’ of jobs by 2022 to fund electric shift
Frankfurt am Main, Germany | AFP | Luxury automaker Daimler on Friday said it was scrapping “thousands” of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 billion) in staff costs as …
India quarterly growth falls to worst level in six years
MUMBAI, Nov 29 — India’s economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 per cent from 7.0 per cent a year ago, according to government figures released today that piled more pressure on Prime Minister Narendra Modi. The expansion in Asia’s...
Overstock Shareholders Compete to Lead Class Against tZERO’s Parent
E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action
Goldman Sachs: Pound Sterling seen Above 1.20 vs. Euro and 1.30 vs. Dollar on Swift Brexit Resolution Following Conservative Majority
Foreign exchange analysts at Wall Street investment bank Goldman Sachs have updated their views on the British Pound, saying the currency can move notably higher than current levels were a Conservative majority delivered in the upcoming December 12 election
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
Awards for Lancashire BAE Systems engineers
Engineers from BAE Systems involved in developing engineering solutions behind some of the world's leading aerospace programmes have been recognised for their achievements.
Wall Street starts holiday-shortened day in red
Wall Street's main indexes started the day in the negative territory on Friday as investors returned from the Thanksgiving Day holiday break. As of wr
The European Parliament Declares a Climate Emergency
EU should commit to net-zero greenhouse gas emissions by 2050 at the UN Conference, says Parliament. Ahead of the UN COP25 Climate Change Conference in Madrid 2-13 December, the Parliament on Thursday approved a resolution declaring a climate and environmental emergency in Europe and globally.
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead
The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the
Crop insurance
IF many of the country’s small farmers, particularly in far-flung communities, remain uninsured, blame it on inadequate resource base and outreach of the Philippine Crop Insurance Corp. (PCIC).
Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Traders are bearish on bitcoin after a 53% crash. More pain may be ahead but BTC offers features that make it a good long-term investment.
Black Friday 2019: What You Need to Know
Whether you’re hitting the stores or buying online from your couch, we’re here to see you through all the doorbuster deals and Black Friday blowouts.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Pakistan to Debut Chinese Yuan-Denominated Panda Bonds Worth $1 Billion
New Delhi (Sputnik): China’s Panda Bonds are onshore products that help international borrowers to explore domestic yuan investors. These yuan-dominated notes are sold by non-Chinese issuers.
The Power of Green Public Finance
Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels. Climate change is the top political issue of our time. Scientists estimate that if we remain on our current path, we will experience global warming of 3-4°C by the end of the century, at which point large portions of the planet will be uninhabitable.
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
Black Friday frenzy goes global—and not everyone's happy
People don't celebrate Thanksgiving in France, or Russia, or South Africa - but they do shop on Black Friday.
Liverpool announce plans to increase Anfield capacity to over 61,000
Liverpool have outlined plans to increase the capacity of their home ground to over 61,000 with the expansion of the Anfield Road Stand.
Plans to increase market for agri produce from Telangana
State to explore new methods for marketing its farm produce
If this is not recession, what is? Opposition slams govt after India's GDP growth dips | Reactions
Speaking at the National Economy Conclave, CPI(M) leader Sitaram Yechury referred to the recent GDP numbers and said, "This is the New India. This government wants a Hindu Rashtra which they want to do keeping states at bay."
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Air quality improves in Delhi, light rains predicted
The Air Quality Index stood at 79 on Friday
Canada: GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Commenting on Friday's Gross Domestic Report from Canada, "GDP growth was in line with market expectations, with the Canadian economy growing 1.3% (an
Share Market highlights: Sensex ends 336 points down, Nifty near 12,050; Yes Bank, HUL top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty receded from record high levels on Friday, tracking weak GDP data outlook.
3 Dividend Stocks Ideal for Retirees
Utility stocks don't often make the business-news headlines, but that doesn't mean they're can't be great fits for income-focused retirees' portfolios.
French lawmakers look to ban Black Friday over environmental concerns
Protesters in France have blocked an Amazon warehouse south of Paris citing concerns that the Black Friday shopping holiday negatively affects the environment.
Herbs and hotels: The small businesses helping revive rural Portugal
PORTO, Nov 29 — After Bruno Vargas and his wife had their first baby, they wanted a quieter life. So, they left their home in Angola and returned to his native region in Portugal’s rural interior to set up an organic herbs company. The remote Santarem district of central Portugal is known for...
Russia's Novak: Would rather take decision on output extension close to April
Russian Energy Minister Alexander Novak said that he favoured OPEC and its non-OPEC allies to make a decision on whether to extend the crude oil produ
Wary of China, Germany plans rapid state intervention to protect key industries
BERLIN (Reuters) - Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Chinese investments in Malaysia halve, U.S inflow soars
Chinese investments into Malaysia halved to $1.7 billion in the first nine months of the year from a year ago, though U.S. investments soared seven times to $5.9 billion - reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the Malaysian Investment Development
Npower Reveals Reason It Is Axing Up To 4,500 Jobs Under Closure Plan
The new owner of energy firm, Npower says it is cutting up to 4,500 United Kingdom (UK) jobs as part of a plan to make it more profitable.
EUR/JPY recedes from tops, meets resistance around 120.60
Further downside in the Japanese yen coupled with steady-to-bearish sentiment around the European currency leave EUR/JPY stuck within the daily range
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
UK online supermarket Ocado strikes AI deal in Japan
UK online supermarket Ocado is venturing further outside its main market, announcing Friday a deal to provide artificial intelligence (AI) capabilities to Japanese retail giant Aeon.
Malaysians are an extremely worried lot, says a survey
Malaysians are an extremely worried lot, says a survey
Euro area flash inflation: Higher core, temporarily – Nordea
Analysts at Nordea Markets see a stronger than expected rise in the Eurozone inflation in November as a temporary surge until year-end and continue to
BMW Builds a Plant for Electric Cars in China
Luxury German carmaker BMW on Friday said it would build fully electric models of its Mini cars at a new plant in China, as it kicked off a joint venture with Chinese partner Great Wall Motor. About 160,000 vehicles are are set to roll off the assembly line at the planned factory in the city of Zhangjiagang in Jiangsu province, Tech Xplore reported.
GDP growth slows down to 4.5% in Q2, hits more than 6-year low
India's Q2 GDP Growth 2019: DEA Secretary Atanu Chakraborty and CEA KV Subramnaian said that the fundamentals of India economy remain strong and the GDP growth rate is expected to bounce back in the third quarter of this fiscal
BMW, Great Wall to build new China plant for electric cars
BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce ...
BREAKING News: Bank of Ghana introduces new Ghc100, Ghc200 cedi notes
The Bank of Ghana has announced the introduction of new bank notes to join the list of Cedi denominations in circulation, MyNewsGh.com has confirmed. This was confirmed at a presser currently being addressed by the Governor of the Central bank, Dr Ernest Addison. Further details to be made available soon.
Govt extends deadline for mandatory FASTags by two weeks to December 15
The government extended the deadline for making FASTag mandatory for toll payments on national highways to December 15 .
Mayo garda resources lagging behind neighbouring counties
THE Mayo Garda Division lacks the required vehicle equipment compared with neighbouring counties, says Fianna Fáil TD Lisa Chambers.
Jewellery industry welcomes mandatory hallmarking from Jan 2021
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
Fears Cross Tay Link Road will not reduce congestion
Bridgend, Gannochy and Kinnoull Community Council (BGKCC) question impact
ECB Board nominee Panetta calls for an accommodative monetary policy
Inflation outlook seems to fall short of the European Central Bank's (ECB) Governing Council’s inflation aim of below but close to 2%, noted Fabio Pan
Publisher says he's hearing interest in nonprofit turn
NEW YORK (AP) - The publisher of the nation's first daily newspaper to be granted nonprofit status says he's since heard from a "few dozen" lawyers and news executives curious about whether the Salt Lake Tribune's approach could work elsewhere.
Mining industry is the bulwark of Ghana's development - Koney
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Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Inheritance should be a windfall, not part of retirement plan, experts say
'The difficulty with inheritance is: you don't know at that point in time what's going to happen,' said Tony Maiorino, head at RBC Wealth Management Services
Govt to make hallmarking mandatory for gold jewellery
The government will make hallmarking for gold jewellery and artifacts mandatory from January 15, 2021, to ensure quality, Union Consumer Affairs Minister Ram Vilas Paswan said on Friday. The departmen
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
High-level visits, new projects to promote Turkish-Hungarian relations further
Enhancing their relations to a strategic level in 2013, Ankara and Budapest have greatly developed bilateral ties and initiated many projects, the Hungarian ambassador to Ankara said
Shrewsbury restaurant wins top award
A Shrewsbury restaurant has won a top award in a national competition.
SA unveils R900bn plan to tackle water shortages
A separate unit will be established to finance, manage and operate the national water infrastructure.
German auto industry group appoints former Merkel aide
BERLIN (AP) - An influential group representing the German auto industry has chosen Hildegard Mueller, who was once a senior aide to Chancellor Angela Merkel, as its new leader.
US redwood sequoia company wins approval
A US company wanting to grow giant redwood trees here to sell the lumber back home has won the right to buy another 4000ha in New Zealand. Tough restrictions on cutting down Redwood, or Sequoia, in the US means people cannot get enough of it to use as a building material. The wood is especially popular for things like decking and outdoor furniture, as it is admired as both attractive and robust. To meet the need, the Soper Wheeler Company of California set up the New Zealand Redwood Company in Taupō in 2001. New Zealand's moist climate allows higher growth rates for Sequoia than in California.
Sasol scores ‘own goal’ as climate pressure mounts in SA
Company could face legal challenges if it continues to refuse votes on the issue.
Daily Mail owner to buy i newspaper and website for £50m
Mail group sees opportunities for cost synergies
Takealot takes flak over Black Friday deals
Consumers take to social media to slam local online retailer over its “insignificant” discounts.
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
How Adani Enterprises, GMR Group lost the bid for Jewar airport to Zurich Airport
Zurich Airport, which is currently involved in eight airports in South America, is keen to expand in South and South-east Asian countries like India, Indonesia and the Philippines
Agbami parties invest N5.8bn on scholarships, education infrastructure
Agbami parties had invested a total of N5.8bn on the Medical and Engineering Scholarships, AMEPs on merit for Medical students .
Patanjali secures Rs 3,200 cr loan from SBI, other banks to buy Ruchi Soya
Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank
Armagh tile solutions company create 20 new jobs in Dublin with €3m investment
Armatile announced plans to create 20 new jobs and invest €3m in a new luxury showroom and design hub in Dublin.
Good, bad and ugly of industrial relations code
Rituparna Chakraborty, Co-Founder & Senior Vice-President of TeamLease, cautions that this change in notification mechanism does not necessarily mean lesser administrative hassle or follow through for employers
GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters
The slump was mainly on account of a weak manufacturing and a drop in exports.
Chinese investments in Malaysia halve, US inflow soars
KUALA LUMPUR (Nov 29): Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes.Data provided by the Malaysian Investment Development Authority (MIDA) to Reuters on Friday showed that China, traditionally the Southeast Asian country's biggest investor, has now slipped to third position behind the United States and Japan.Foreign
Extinction Rebellion targets Black Friday
Protest draws a crowd outside the JSE
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Business Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
Reprieve For Customers As Co-op Bank Scraps Balance Enquiry Charges
The Co-operative Bank has announced that it is scrapping all balance inquiry charges to its customers.In a statement posted on it social media pages, Co-op Bank said the move was as a result of cu
Finance Ministry: No change in RON97, RON95, diesel retail prices Nov 30-Dec 6
KUALA LUMPUR, Nov 29 — The Finance Ministry (MoF) today announced the retail price of RON97 petrol stayed at RM2.66 per litre while RON95 petrol and diesel will remain at RM2.08 and RM2.18 per litre respectively for the period November 30 to December 6. MoF in a statement issued today, announced...
The Case Of The Pirated Blueberries: Courts Flex New Muscle To Protect Plant Breeders’ Intellectual Property
A few weeks ago, the Federal Court of Australia ordered a farmer in New South Wales to pay $290,000 to a blueberry-producing company because he had grown and sold a proprietary variety of the fruit without permission....
Industrial Relations Code 2019: Balance tilts in favour of industry; makes trade unions jittery
Trade unions have raised several serious objections in the bill: from discretionary power of the executive to raising the threshold for lay-offs to making it virtually impossible to strike legally, restricting outsiders in the unorganised sector and extending fix term employment to the entire industry
Huawei to challenge FCC decision on government subsidy program - WSJ
Huawei Technologies has decided to challenge a U.S. Federal Communications Commission (FCC) decision barring U.S. rural carrier customers from ...
Govt initiates dialogue with ASEAN members for review of FTA: Goyal
He also said the Coffee Board is trying to develop an Indian brand of coffee for export and the work in this regard is underway
German Amazon workers strike on 'Black Friday'
More than 2,000 Amazon workers in Germany walked off the job as the US online retailer kicked off its
Taiwan raises economic growth forecasts for 2019 and 2020
GDP benefits from Taiwanese businesses returning amid trade wars: DGBAS.Taiwan’s economy will grow by a higher-than-expected 2.64 percent this year and even by 2.72 percent in 2020, the government predicted Friday (November 29).
QFFD grants $4.2m to Jordan Refugee Health Fund
Qatar Fund for Development (QFFD) has signed a $4.2m grant agreement with the Government of Jordan to contribute to the financing of Jordan Refugee Health Fund in order to alleviate financial pressures on the Jordanian Ministry of Health budget as a result of the large influx of refugees.
Black Friday evolves but still marks start of holiday shopping season
The holiday shopping season kicks off on Friday with traditional Black Friday sales, though many retailers got a jump on the competition by getting started with deep discounts on Thanksgiving Day, and analysts forecast data to show that online shoppers spent a record $4 billion on Thanksgiving, MarketWatch reports. The total had already reached $2.1 billion as of 5 p.m. Thursday, a 20.2 percent increase compared to the same point last year. Demand was so high on Thursday that Costco's website and app were briefly hampered by heavy traffic, USA Today reports. Black Friday is continuing to evolve, as many stores try to snag a bigger share of holiday sales by cutting prices days or even weeks before what used to be a one-day shopping frenzy. Shoppers are expected to spend up to $731 billion in November and December, roughly 4 percent more than in the same period last year. Harold Maass
Controversial new Littleborough housing estate given go-ahead despite flooding fears
Rochdale Council's planning committee approved the 96 home scheme
Opec November oil output slips before Aramco IPO, policy meeting
LONDON, Nov 29 — Opec oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found. On average, the 14-member...
4.5 per cent GDP growth rate unacceptable, worrisome: Manmohan Singh
Delivering his valedictory address at a national conclave on economy, former prime minister Manmohan Singh said mutual trust is the bedrock of societal transactions fostering economic growth, but "our social fabric of trust, confidence is now torn and ruptured".
Aboriginal people in Western Australia seek £150bn over lost territory
Aboriginal people in the south west of Western Australia have launched an unprecedented compensation claim for more than £150 billion.
Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
Audit Service asked two assemblies to refund money
news, story, article
NPCI enhances UPI 2.0, allows customers to make recurring payments
NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology
Huawei tipped for fresh US legal fight
Huawei began preparations for a legal challenge against a US Federal Communications Commission (FCC) decision ...
Ayushmann Khurrana's 'Bala' races ahead of Sidharth Malhotra's 'Marjaavaan' at the box office
There seems to be no one stopping Ayushmann Khurrana as his recent release 'Bala' which is in its third week raced ahead of Sidharth Malhotra's 'Marja
ET View: Time to boost demand, forget the fiscal deficit target
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
Timeline: Twists and turns in Mediaset vs Vivendi TV drama
(Reuters) - Italian broadcaster Mediaset (MS.MI) and shareholder Vivendi (VIV.PA) were negotiating on Friday to find a way to end a three-year legal battle after all-night talks failed to produce a breakthrough, sources said.
US, India have made exploratory requests for greater market access: Piyush Goyal
“Regular consultations with the concerned line ministries / departments and other stakeholders bodies is a part of the ongoing discussions,” he said in a written reply to a question on bilateral trade negotiations with the US in Rajya Sabha. The minister said that trade related issues are discussed as a part of any ongoing economic relationship.
Farmers battle 'worst autumn in memory' to get seeds planted and crops out of the ground
Crop growing across East Anglia has been severely disrupted by prolonged wet weather - and there are fears the effects will continue to be felt next year.
Rupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
AmBank Group to disburse up to RM6b of loans in 2H 2020
KUALA LUMPUR, Nov 29 — AMMB Holdings Bhd (AmBank Group) targets to disburse up to RM6 billion in loans in the second half of its financial year ending March 31, 2020 (H2 2020), driven by the current positive sentiment in the industry’s loan growth segment. Chief executive officer Datuk Sulaiman...
MTAA Super and Tasplan to merge in a $23 billion superannuation deal
The industry superannuation sector will see the arrival of a $23 billion giant with the merger of MTAA Super and Tasplan Super from October 1 2020.
Call for steps to increase forest cover in Andhra Pradesh
Experts express concern over global climate change
Fiscal deficit hits 102% of budget estimate till October
India Business News: The country's fiscal deficit hit 102.4% of 2019-20 Budget Estimate (BE) at Rs 7.2 lakh crore at the end of October. The fiscal deficit or the gap betw
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
National Centre for Biosensors to be set up at Alagappa University
Office of Principal Scientific Advisor to fund it
Resident ruckus leaves redevelopment of IBM Cumberland Forest campus in limbo
Game of pass the parcel continues.
Turkish financial sector buys 85.05% stake in JCR Eurasia
Turkey's leading banking and financial institutions inked a deal to buy 85.05% of credit rating agency JCR Eurasia, Turkey's banking association said on...
Construction of Ajaokuta gas pipeline to begin soon – Buhari
President Muhammadu Buhari said on Friday work would soon commence on the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline
Climate Adaptation Now
As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the harm to people and livelihoods that climate change is already causing. Strengthening our ability to adapt to climate change has never been more urgent. Many regions are experiencing major difficulties as a result of higher global temperatures and changing weather patterns. We must do more to help citizens and governments tackle issues such as rising sea levels, wildfires, hurricanes and other natural disasters, and increased coastal erosion. Even if we meet the Paris agreement’s goal of limiting the average global temperature increase to well below 2°C, at least 570 cities and some 800 million people will be at risk from rising sea levels and more frequent and destructive storms.
Another Jolt To RCEP? Japan Not To Sign The Multi-Nation Regional Trade Deal If India Doesn’t Join
“All we are thinking of is negotiations including India,” the Japanese Trade Minister added.
Centum Group half-year profit quadruples
The income was realised mainly as a result of net gains on disposal of three companies.
The daily business briefing: November 29, 2019
Black Friday kicks off the holiday shopping season, stocks struggle as Hong Kong tensions dent hopes of a U.S.-China trade deal, and more
The Death of FX Volatility
Volatility in the Euro-Dollar exchange rate reached an all-time low this week, and dying volatility is being recorded in most other major currency pairs as we enter the final month of the year
Minister urges Japanese investors to leverage Malaysia’s digital transformation push
KOBE (Japan), Nov 29 — International Trade and Industry Minister Datuk Darell Leiking is calling for Japanese investors to leverage on Malaysia’s push for digital transformation. He said Malaysia was committed to undertaking the digital transformation efforts, among others, through the National...
Las Vegas shoppers hitting stores early on Black Friday
The Retail Association of Nevada estimates roughly 1.65 million adults in the state will be shopping over the five-day Thanksgiving weekend and Cyber Monday.
OZ Minerals to begin construction of Pedra Branca mine in Brazil
OZ Minerals has started construction of its Pedra Branca underground copper-gold mine in the southern part of the Carajás in the Pará state of Brazil.
Bonanza Creek Energy: Strong Operational Performance Adds To Its Value
Bonanza Creek has delivered at the high end of production expectations while spending towards the lower end of its original capex budget.Production growth may be lower in 2020 as it attempts to minimi
Winter weather on election day could cost West Dunbartonshire Council over £45,000
The local authority has put stringent preparations in place to ensure that everyone can have their say in next month's vote.
Here’s Where to Spend Crypto Online This Black Friday
As Black Friday 2019 gets underway, what are your options for getting the best bang for your Bitcoin?
Black Friday sees fewer shoppers in stores as spending moves online
Shoppers also worried that tariffs imposed by President Donald Trump on Chinese imports would make their holiday shopping more expensive
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
Publisher says he's hearing interest in nonprofit turn
NEW YORK (AP) - The publisher of the nation's first daily newspaper to be granted nonprofit status says he's since heard from a few dozen lawyers and news executives curious about whether the Salt Lake Tribune's approach could work elsewhere.
EU's new Green Deal slammed as 'half-baked' before launch
Greenpeace have accused the incoming European Commission of Ursula von der Leyen of preparing draft new climate and environmental laws whose measures are "too weak, half-baked or missing altogether".
Telkom walks away after Cell C rejects offer
Telkom has withdrawn a cautionary notice to shareholders about its proposed acquisition of Cell C after the board of the mobile operator spurned its approaches.
Eurozone inflation jumps more than expected in November – ING
The increase in both headline and core inflation was driven by strong growth in services prices. Still, don't assume this has implications for the Eur
Anger as Labour confirms it has thrown out gigafactory plans
Labour has prompted fury from business leaders in the West Midlands after Jeremy Corbyn confirmed that the region had been overlooked for a new gigafactory.
Government reviews stamp duty charge
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
Bitcoin (BTC) Futures Markets Hit $5B Daily Volume
The Bitcoin (BTC) market has evolved to include the simplest kind of derivative financial products - futures contracts. Those markets now reach $5 billion
Bizongo emerges as the fastest-growing tech company in India
Data science firm TheMathCompany was ranked second and Vadodara-based communication automation solutions firm Phonon was ranked third for the Deloitte Technology Fast 50 India programme
Hut 8 Purchases 9 Data Centers from Bitfury for $7 Million
Hut 8 Mining Corp on Thursday announced the acquisition of nine Blockbox AC data centers from the BItfury Group, costing $7 million.
Indian Rupee Billed as "Overvalued" and Set for Declines after GDP Disappointment
British Pound vs Indian Rupee - Latest Exchange Rate News and Forecasts for Converting Pounds to Euros Today
Winter to be warmer, probability of above-normal temp in cold zones: IMD
The IMD has been issuing seasonal forecast for winter since 2016, and every forecast has predicted a warmer winter
Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
The Gross Domestic Product growth fell to 4.5 per cent in the second quarter of the year 2019-20.
Gold heads for biggest monthly drop in 3 years on US-China talks optimism
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Sage Group acquires London-based CakeHR to strengthen its SaaS offering
CakeHR, the London-based provider of cloud HR solutions, has been acquired by Sage Group, a legacy business software company in the UK that is transitioning to SaaS. Founded in 2012, CakeHR allows companies, particularly small businesses, move key areas of HR management to the cloud. For the 27,000 users around the world, the SaaS suite […]
NATO spending tweak lets Berlin push back on Trump
US will pay less for budget that covers alliance HQ while Germany pays a little more.
India announces $400 mln loan for Sri Lanka, in support of new president
India will lend Sri Lanka $400 million for infrastructure projects, Prime Minister Narendra Modi said on Friday after talks with the island nation's new President Gotabaya Rajapaksa aimed at improving bilateral ties.
We are in a virtual free-fall: Congress attacks BJP on GDP growth slip
But why is the BJP celebrating? Because their understanding of GDP (Godse Divisive Politics) suggests double digit growth levels. All in the perspective," Randeep Surjewala said
Chinese investments in Malaysia halve, US inflow soars, new govt data reveals
KUALA LUMPUR, Nov 29 — Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes. Data provided by the...
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
Humana: Patience Will Likely Achieve A Lower Buy Price
The only way an investor can realize a return from an investment in shares is through receipt of dividends and gains on share sales. I repeat - the only way.The best way to make a gain on sale of shar
Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?
It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of
Best And Worst Q4 2019: All Cap Growth ETFs And Mutual Funds
The All Cap Growth style ranks seventh in Q4'19.Based on an aggregation of ratings of 26 ETFs and 545 mutual funds in the All Cap Growth style.TTAC is our top-rated All Cap Growth ETF and NLAFX is our
US shoppers stay away from stores, spend online as Black Friday begins
NEW YORK, Nov 29 — US consumers splurged more than US$2 billion online in the first hours of Thanksgiving shopping today, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores. Early discounts offered...
Canada Q3 GDP growth slower, but details better – RBC
Nathan Janzen – Senior Economist at Royal Bank of Canada (RBC) – offered his take on Friday's release of the Canadian GDP report, which showed a shar
Ringgit ends slightly lower against US dollar
KUALA LUMPUR, Nov 29 — The ringgit ended slightly lower against the US dollar today in line the decline in global crude oil prices which affected the local note’s valuation, said a dealer. At 6pm, the ringgit settled at 4.1750/1780 against the greenback compared with yesterday’s close of...
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
An efficient cold chain can make farm sector remunerative: expert
‘A weather data book is being prepared for 170 cities’
Adani group shares rally up to 13% as CCI approves Total Group's 37.4% stake buy
Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas
Over 75% of the Digital Wallet Users in Bulgaria Are Men
Over 75% of the digital wallet users in Bulgaria are men. 31% of all consumers live in Sofia, 15% live in Varna, 6% - in Plovdiv.
Inside Career of Uhuru's New Millionaire Nominee
President Uhuru Kenyatta's nominee is also a holder of a PhD from the University of...
4th Annual Private Wealth Switzerland Forum
The 4th Annual Private Wealth Switzerland Forum–Zurich brings together more than 250 attendees including 150 leading high-net-worth capital allocators from Switzerland and beyond.
Hong Kong Airlines delays salary payments as protests take their toll
Hong Kong Airlines has delayed the payment of salaries for almost half of its staff members as widespread protests in the city have hit the carrier.
India offers credits to boost Sri Lankan economy, security
Rajapaksa, a former defence secretary who is credited with ending the country's long civil war, was sworn in as the island nation's new president on November 18, a day after he won the closely fought presidential election in island nation.
Why We Should All Care About the Return of Toys "R" Us
Toys "R" Us, the venerable retailer that liquidated all of its stores last year, is having another go at it. Here's why we should pay attention.
Vegetable vendors in Vijayapura to resume trade
They have been protesting against eviction of hawkers from the Nehru Market Lane
Alta Fox Opportunities Fund, L.P. Q3 2019 Quarterly Letter
Alta Fox Capital is a long/short hedge fund.In Q3 2019, the fund decreased 2.21% gross and 2.10% net.This compared favorably to the -2.40% return for the Russell 2000 and -5.4% return for the Russell
Moodwork, Parisian startup improving employee wellbeing, raises €2 million to conquer Europe
Moodwork, the French startup improving employee wellbeing, has completed a round of €2 million, led by Newfund, an investment fund specializing in seed. The funding will allow Moodwork to reach companies across the whole of Europe and tackle new sectors.
Bengaluru flat case: Enforcement Directorate attaches land worth ₹7-crore in Tamil Nadu
Agricultural land worth about ₹7 crore in Tamil Nadu’s Nilgiris district was attached by the Enforcement Directorate in connection with a money-laundering probe linked to an alleged flat buyer’s cheat
Centre to bring new job-oriented education policy, says HRD Minister
HRD minister urged students to work with dedication to make India a $5 trillion economy in the next few years
Russia and China deepen ties with River Amur bridge
Russia and China have finished building the first road bridge linking their two countries, Russian officials said on Friday, in the latest sign of warming relations. The bridge across the River Amur will connect the cities of Blagoveshchensk in Russia's Far East and Heihe in northeastern China and
Tenants want better in Auckland metropolitan office market
Colliers International Research’s latest annual review of the Auckland metropolitan office market shows a busy year of activity with ongoing occupier demand for higher quality spaces leading to the construction of new buildings and refurbishment of existing premises.
Eight core sector industries shrink 5.8% in October
Electricity generation declined by 12.4 per cent in October, 2019 over October, 2018. Its cumulative index increased by 1.5 per cent during April to October, 2019-20 over the corresponding period of previous year
China seeks greater LNG cooperation with Qatar: Ambassador
China, the world’s largest LNG consumer, is seeking to expand its LNG cooperation with Qatar, the world’s largest LNG producer, which has just recently announced its plans to further increase its LNG production capacity by 64 percent to 126 million tonnes per annum (mtpa) from the current 77mtpa by 2027.
Ghana-Burkina Faso railway progresses steadily - Deputy Minister
news, story, article
Swedish economy ups pace in Q3, supports Riksbank hike plans
STOCKHOLM — Sweden’s economy accelerated slightly in the third quarter from a tough start to the year, data showed on Friday, providing some support for the central bank’s plan to increase the benchmark rate at its meeting in December.
Expo 2020 Dubai calls itself 'the world's greatest show': So what can you expect?
There's less than 12 months to go before the 2020 World Expo in Dubai opens its doors.
Govt accounts show strong debt position, impact of tax timing changes
Govt accounts show strong debt position, impact of tax timing changes
Eurozone Preliminary CPI arrives at +1.0% YoY in Nov vs. +0.9% expected - EUR/USD unfazed
More to come ....
China's true economic growth could be half of what everyone thinks, Business Insider - Business Insider Singapore
Business Insider - GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.. Read more at businessinsider.sg
Good Weekend's Who Mattered 2019: Business
The corporate heavyweights speaking up on social issues: Atlassian boss Mike Cannon-Brookes, Qantas head Alan Joyce and retiring BHP CEO Andrew Mackenzie. Plus: our whistleblowers, and Melanie Perkins.
Does Kerala CM Fear Accountability? War With Centre Over Allowing CAG To Audit Kannur Airport Company’s Finances
CAG has been seeking the right to audit KIAL’s finances.
USD/INR Technical Analysis: Eases from weekly tops, up little around 71.60 region
The USD/INR cross built on the previous session's recovery move from near three-week lows and gained some follow-through traction on the last trading
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
Menang Corp posts loss in 1Q due to land clearing and earthworks expenses, corporate exercises
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.It reported a loss per share of 0.1 sen compared with earnings per share of 0.2 sen last year.Quarterly revenue declined
Government initiates dialogue with ASEAN members for review of FTA: Piyush Goyal
"We have already initiated dialogue with ASEAN countries and I am happy to share with the House that ASEAN has agreed for a review of the FTA. We will take up various issues in the review and then we will report to the House," he told the House. He also said the Coffee Board is trying to develop an Indian brand of coffee .
Fiscal deficit for April-Oct at 102.4%, crosses full year target
The revenue gap for the April-October period stood at Rs 5.46 lk cr showing the weakness in tax collection.
FG’s 10 million jobs target achievable — Fashola
The Minister of Works and Housing, Mr Babatunde Raji Fashola, has said the ministry would play a vital role in helping the administration to...
The Looming Calendar Anomaly In Junk Bonds
A seasonal supply/demand imbalance in high-yield bond markets has traditionally led to strong performance in December and January. This has led to a historically bankable strategy to capture alpha fro
Barratt hails £250m-plus injection to Scots economy
Housebuilder Barratt Developments’ Scottish operations have delivered a £256 million boost to the economy over the past year, marking a double-digit hike on 2018.
'This isn't a choice between animal protection and consumer safety'
In 2020, Australia will ban animal testing in cosmetics. Michelle Thew, CEO of Cruelty Free International, has spent the past 20 years campaigning for these laws across the world.
GDP data: All three engines driving economic growth are stalling
While the concerted decline in economic drivers calls for multi-pronged efforts to arrest it, stimulus measures so far have focussed mainly on an investment revival
Hong Kong to allow airlines to keep airport slots despite cutting capacity
HONG KONG: Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to ...
Hong Kong Airlines delays salaries as protests hit tourism
HONG KONG: Low-cost carrier Hong Kong Airlines said Friday (Nov 29) it will delay salary payments to some staff, warning its business has been ...
Q&A: How PSD2 will impact fraud on Black Friday
With online spending continuing to rise online for Black Friday, web retailers need to consider how best to ensure PSD2 compliance in order to keep consumers secure without compromising their user experience.
Europe to consider law on climate neutrality by March
BRUSSELS (Reuters) - The European Union executive will propose by March 2020 a new climate law to turn the bloc neutral in terms of carbon dioxide emissions by 2050 and help lead the struggle against global warming, a draft showed on Friday.
Stormzy announces Dublin gig
The rapper will embark on a world tour next year - including a stop in Ireland
CBOT Trends - Corn, wheat seen steady to higher; soybeans mixed
CHICAGO, Nov 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.The markets were closed on Thursday for the Thanksgiving holiday.WHEAT - Steady to up 2 cents per bushel* There were no deliveries against the CBOT's December wheat contract on first notice day on Friday. Traders expected deliveries of zero to 400 contracts, with most anticipating none.
GDP growth plunges to 4.5%, lowest since 2012
Official says fundamentals are strong, numbers will pick up.
Enphase: All Cats Love Fish But Fear To Wet Their Paws
Enphase Energy surprised us with victories it made this year. Revenue and operating income broke all records.The company offers us unprecedented growth, progressive technology of solar energy inversio
Crude Oil Price and Forecast: WTI traders take clues from US-China tensions, OPEC+ eyed
WTI has been dropping to the intra-day low of $58.07 by the press time of early Friday in Asia. The energy benchmark seems to have negatively affected
Surge of activity in Auckland investment market - Colliers
A strong surge in activity over the last two months has contributed to a record year across all four offices that make up Colliers International’s Auckland Investment Sales team.
Ethereum Express Launching New Projects For Over 48,000 Users
Featured The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the
Govt on track to make India $5 trillion economy by 2024: P K Misra
Describing the country's economic fundamentals as strong, Mishra said the annual average GDP growth of 7.5 per cent during 2014-2019 was the highest since independence
B.C. home sales continue to climb, hitting highest activity level in nearly two years
B.C. home sales remained on an upswing in October with MLS sales up 1.3% from September and 16% year-over-year.
Buffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
With 20 plus brands, Rohit Sharma is new blue-eyed boy for corporates
Cricket News: A record-breaking show in the 2019 World Cup and now a stupendous start as a Test opener has made Rohit Sharma a favourite with corporate bigwigs. Acc
Designers on Sports Direct rebrand: “You can’t simply gift-wrap gaffes”
Sports Direct International will rebrand as Frasers Group, subject to a shareholders’ vote. The unusual move for a FTSE 250 company follows a series of scandals about the group’s governance as well as working conditions at Sports Direct stores. Owner Mike Ashley has also expressed a desire to elevate the group’s image, planning to rebrand some House of Fraser stores as luxury lifestyle concept shops, for example. Is this an effective branding strategy for the retailing group, and how can it position itself better for modern consumer tastes?
Canadian Valeura reports positively on Devepınar-1 well in Thrace
The first gas production test from the Devepınar-1 well in the Thrace region has successfully flowed gas from the depths of between 4,640 and 4,775 meters...
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
Fisher Funds takes gong for Fund Manager of the Year
Fisher Funds was crowned overall Good Returns Fund Manager of the Year at the inaugural Good Returns Research IP awards ceremony, held last night in Auckland.
As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax
BRUSSELS (Reuters) - Officials from the new European Commission will discuss an International Monetary Fund study that lists Luxembourg as a world-leading tax haven just days after the former leader of the Grand Duchy departs the EU executive’s helm.
Most Read articles – Panasonic exit, Intel Connectivity, RISC-V relocation
Time once again to see what are the five most popular articles on ElectronicsWeekly.com that were written in the last week, according to the objective truth of Google Analytics. See what your peers have been reading recently.
Zurich airport outbids Adani, DIAL to build Delhi-NCR’s second airport in Jewar town
Zurich International had developed the Kempegowda International airport in Bengaluru in partnership with other companies.
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
2020 race now caught in deep freeze
Thanksgiving is over! Christmas is 26 days away!
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
The prime minister announced that he would remove EU rules preventing the government from awarding contracts to UK-based businesses.
Ibrahim Abdul Majid appointed as new CEO of Boustead Plantations
KUALA LUMPUR (Nov 29): Boustead Plantations Bhd today announced the appointment of Ibrahim Abdul Majid as its new chief executive officer (CEO), effective Dec 1.Ibrahim, 60, will take over from Mohamad Azlan Jaafar, who is standing in as acting CEO and will resume his responsibilities as deputy CEO.In a statement today, the group said Ibrahim has an extensive career in the palm oil industry, bringing with him 40 years of experience.He started his career with Sime Darby in 1979
OUTA: Endless SOE Bailouts Now Exceed Departments Budgets
The Organisation Undoing Tax Abuse (Outa) on Friday told Parliament that current interventions at state-owned entities (SOEs), like Eskom and South African Airways (SAA), were not working. Outa was making its submission during the public hearings on the 2019 Adjustments Appropriation Bill and the 2019 Medium-Term Budget Policy Statement. The objective of the Bill was to effect adjustments to the appropriation […]
Top news of the day: GDP growth slips to a six-year low of 4.5%, Pragya Thakur apologies for Godse remarks, moves privilege notice against Rahul Gandhi, and more
The major news headlines of the day, and more.
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
U.N. Summit to Hear Call for Rich Nations to Pay 'Climate' Reparations
Officials at the United Nations COP25 climate change conference in Madrid next week will consider new taxes on developed countries.
Government of Ghana talks about Ghc 100 and Ghc 200 currency notes
The Governor of the Central Bank of Ghana, Dr. Ernest Addison has explained the rationale behind the government’s policy decision to introduc
Oil mixed amid slow holiday trade before Opec+ meeting
West Texas Intermediate (WTI) futures were up 4 cents, or 0.1 per cent, at $58.15 a barrel.
India-ASEAN FTA review: Further liberalisation of trade on agenda
ASEAN-India trade in goods agreement was signed on August 13, 2009, and entered into force on January 1, 2010
Johnson pitches 'buy British' and new state aid rules after Brexit
LONDON (Reuters) - British Prime Minister Boris Johnson on Friday pledged to use Brexit to introduce new state aid rules, change state purchasing policies and reform farming so that pubic bodies aim to “buy British” goods.
Swedish startup Bokio books €4 million to expand its SMB accountancy software across UK
Bokio, the Swedish startup applying AI to small business bookkeeping, has raised a €4 million round, led by Stockholm-based VC firm, creandum, with support from Svea and Chris Adelsbach. For small businesses, sole traders, and freelancers, Bokio supports a wide range of administrative tasks including invoicing, employee expenses, reporting and VAT returns. The interface is […]
Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan
However, one year period will be provided for implementation of this decision to enable jewellers clear their existing stock
Shafie leverages on Sabah’s geographic location to lure Japanese investors
KOTA KINABALU, Nov 29 — Sabah Chief Minister Datuk Seri Mohd Shafie Apdal began the first leg of his trade mission in Japan today addressing 200 investors and businessmen from 140 companies in Kobe, Japan by spelling out investment opportunities available in Sabah. He delivered the keynote...
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
Tracking David Abrams' Abrams Capital Management Portfolio - Q3 2019 Update
David Abrams' 13F portfolio value decreased this quarter from $3.68B to $3.57B. The number of positions increased from 19 to 20.Abrams Capital Management added Altaba while increasing Teva Pharmaceuti
Low subscriber numbers and debt kill Cell C Black
Disappointing subscriber numbers and a poorly executed strategy led to the closure of Cell C’s streaming service, Black.
Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
FPA Crescent Fund Q3 2019 Commentary
The Fund seeks to generate equity-like returns over the long term, take less risk than the market and avoid permanent impairment of capital. We invest across capital structure, geographies, sectors.FP
Conference on Digital Humanities
Issues, challenges and opportunities discussed
Bongo Assembly awards tertiary scholarships to 64 students
news, story, article
Lisa Clements, Head of Acquisitions at Sky TV to step down
Lisa Clements, Head of Acquisitions: Entertainment and Movies at Sky New Zealand will be stepping down from her role after 12 years at the company. She will be moving into a position as Strategic Deal and International Content Advisor for Sky until the end of March 2020.
GAIL Gas launches payment options for PNG connections in Mangaluru
GAIL Gas Ltd, which has been authorised to implement City Gas Distribution (CGD) project in Dakshina Kannada district, has introduced three payment options for getting domestic PNG (piped natural gas)
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
New education policy can address crisis in technical education: AICTE chief
The chairman of the All India Council of Technical Education was addressing a national conference on 'Crisis in Technical Education in Bhubaneshwar
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
What Companies That Are Good at Innovation Get Right
They have patience and leaders who take the long view.
Prof Danquah calls for a Presidential Initiative transformation of Agriculture
news, story, article
Supermax is optimistic on FY2020
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
Trade surplus shrinks in October
Exports up 11.9% on a month-on-month basis.
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Forex kitty continues to move up, closes in $449 billion mark
In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion
Digital Payments: Modi’s Idea of A Cashless India Is Going Steady and Strong
As compared to FY 2014-15, the digital transaction volume for FY 2018-19 has grown five-fold.
New World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
Prof Danquah calls for a Presidential Initiative to transform Agriculture
news, story, article
QUT launches new $7.5m Centre for Data Science
Projects already underway with Qld govt.
Vanguard International Dividend Appreciation ETF: Exposure To High-Quality Foreign Stocks
VIGI screens for non-U.S. stocks with at least a seven-year consecutive history of increasing the dividend amount.Fund has outperformed some other widely traded foreign stock ETFs in recent years.VIGI
Black Friday sparks worldwide backlash from politicians, activists
PARIS — People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in
GDP Growth Rate: Deeply Worrying, Says Manmohan Singh; Will Pick up From Next Quarter, Claims Ministry
Many industrialists tell me that they live in an atmosphere of fear in our society today, former PM Manmohan Singh said denouncing Centre's economic policies
Top U.S. retailers absorb tariff pressure ahead of holiday shopping season
WASHINGTON (Reuters) - Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.
P-8A Poseidon base works commence - Ron Mark
Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today.
Briefly on farming and agribusiness
From around the country, a collection of brief news on developments in farming and agribusiness
Investors Eyeing Tech and (Astro)Turf Too
Private equity and tech titans are shelling out big bucks to grab ownership stakes in sports franchises to make even bigger bucks on the global playing field.
Maria 01: The Future of The Largest Startup and Venture Campus in Europe
From the creators of Slush, the Maria 01 Startup and Venture Campus in Helsinki is a mini-city within the city, expanding to become Europe's best and largest startup campus, a place every startup and VC must know about.
Solar-powered equipment for blacksmith inaugurated
SivagangaA solar-powered blower, hammer and an angle grinder for blacksmiths were inaugurated by R. Sundararajan, Assistant General Manager, Canara Bank, along with Mohan Bhaskar Hedge, Chief Executiv
Dr Macharia Irungu appointed new Kenya Pipeline Corporation MD
Former Gulf Africa Petroleum Corporation CEO Dr. Macharia Irungu has been appointed the new Kenya Pipeline Managing Director.
Retailer Quiz to update ahead of festive sales period
Glasgow-based fast fashion chain Quiz will update on current trading ahead of the key festive period when it reports interim figures next week.
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
'Don't mix it with middle-lower ones': Jokowi says Labuan Bajo is 'super premium'
Jokowi has ordered the Tourism Ministry to apply a visitor quota to Labuan Bajo, a tourist destination that is also the gate to Komodo Island.
USD/CAD edges back closer to 1.3300 handle, focus shifts to Canadian GDP
The USD/CAD pair edged higher during the early European session on Friday, with bulls making a fresh attempt to reclaim and build on the momentum beyo
Reach share price jumps as Mirror owner pulls out of JPI talks
Shares in the publisher jumped higher in early trading after it also reported a 4.4% decline in revenue for the five months to November 24.
Daily Mail owner buys rival the i for nearly £50m
Daily Mail and General Trust chairman Lord Rothermere said the publication was ‘highly respected’ and generating plenty of cash.
Hawaii could have more than 10M annual visitors for 1st time
Tourism officials say Hawaii is on track to have more than 10 million visitors in one year for the first time in the state’s history.
In a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
Germany's Daimler to cut at least 10,000 jobs over 3 years
BERLIN (AP) - German automaker Daimler said Friday that it plans to cut at least 10,000 jobs worldwide by the end of 2022. It plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
UK Commits £1.8 Billion to European Space Agency
With a £1,870 million investment over the next five years the UK has reaffirmed its commitment to the ESA. The ESA Budget Increased By 10%
Present Equity Valuations Suggest Negative Returns For Next Decade
In terms of Buffett's self-proclaimed favourite value indicator, as shown below, the S&P 500 is now priced at 144% of US GDP, far above the 2007 top, and near the short-lived highest-ever valuations i
Biz EOD: GDP growth slows down to 4.5%; RBI may cut repo rate; Fiscal deficit of 3.9% realistic, says Uday Kotak
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report
Vodacom dismisses CEO departure talk
Vodacom Group denied reports CEO Shameel Joosub (pictured) was heading for the door, but revealed ...
Core sector output shrinks 5.8 per cent in October
The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.
Buhari proposes pool fund for africa trans-regional gas infrastructure
PRESIDENT Muhammadu Buhari yesterday said there was a need for African nations to pool resources to put up trans-border and trans-regional....
I would now vote to leave the EU, says oil tycoon Sir Ian Wood
The businessman and philanthropist voted to remain in 2016 but said the UK could be ‘better off’ outside of the bloc.
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know.
Here's the latest news about Goldman Sachs.
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 29): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).This was despite its revenue contracting 25.6% on year to RM110.18 million during the quarter under review from RM148.18 million in 3QFY18, due to the completion of its 49 megawatt (mW) solar photovolatic energy plant at Sungai Siput, Perak in November 2018, and the slow progress
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
BMW, Great Wall to establish new EV plant in China
Mubasher: BMW and its partner Great Wall Motors will establish a new joint venture (JV) in China that will produce electric vehicle models.
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
Is India Inc getting aggressive on cutting costs via VRS?
Voluntary retirement scheme (VRS) is a popular method to reduce surplus staff. Many large public and private sector companies have implemented VRS in recent years
Government should nationalize Kenya Airways quickly -CEO
NAIROBI — The government must move quickly to nationalize Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers, the airline’s chief executive said.
AfDB approves $210m to boost electricity transmission in Nigeria
The African Development Bank (AfDB) has approved $210 million to boost electricity transmission in Nigeria. In a statement on Thursday, Ndidi Mbah, general manager of public affairs at the Transmission
TSB Graciously Makes Way for 82 New Branches of Greggs
A couple of traditional grim pre-Christmas job scythings are underway at the moment, with staff of the TSB bank and workers at energy supplier Npower currently expecting to receive a nice card from the boss containing a hand-drawn sad-face emoticon wearing a Santa hat and a P45.
South African Airways dropped by leading travel insurers
JOHANNESBURG, Nov 29 — Three travel insurance companies in South Africa have stopped covering tickets issued by South African Airways against insolvency, further clouding the outlook for the struggling state-run airline. The decision by Santam’s Travel Insurance Consultants (TIC) to drop South...
Wall Street Breakfast: Black Friday In Full Swing
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The biggest shopping weekend of the year is here and 165.3M A
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
Black Friday frenzy goes global - and not everyone’s happy
The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it's prompting a backlash from some activists, politicians and even consumers.
HSBC and Santander customers set for refund
The competition watchdog says the banks failed to send text alerts to customers about to go into the red.
Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem
The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]
Onion crisis eases in Tirupati, Chittoor
No cap on quantity at Rythu Bazaars
Daily Mail owner buys i newspaper for £50m
DMGT buys the newspaper from JPI Media, which took over Johnston Press last year.
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
India’s EV charging infrastructure starts to take shape
In the last few months, several private and state-owned enterprises have laid the groundwork for setting up charging stations.
AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'
The money was illegally withdrawn from the AIIMS' accounts in the State Bank of India at its non-home branches in other cities
Donald Trump's Very Real Health Care Victory: Price Competition is Coming
In short, the policy promises to increase the power of individuals and families by giving them greater control over their health care dollars and decisions.
Publisher says he’s hearing interest in non-profit turn
NEW YORK — The publisher of the nation’s first daily newspaper to be granted non-profit status says he’s since heard from a “few dozen” lawyers and news executives curious about whether the Salt Lake Tribune’s approach could work elsewhere. Tribune publisher Paul Huntsman learned earlier this month that the Internal Revenue Service had approved the …
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
CrowdOwnership: LandWey launches online investment platform for real estate co-ownership
In a bid to create a profitable, vibrant and viable entry into real estate investment by pooling intending real estate investors together to collectively...
Lawrence Kenwright tells of regret over Signature Living investor complaints
Hotel boss apologises for delays and poor communications
Best Digital Black Friday PC Games Deals from Green Man Gaming
Here's a list of the best digital Black Friday PC games deals from Green Man Gaming. You also get five free games bundled with select titles!
Christmas bonus for Carrick-on-Suir Credit Union members
Carrick-on-Suir Credit Union Ltd is reporting a strong 2019. The credit union has provided €5.8 million in loans to the local community over the past year. Membership has grown and it now h...
F&O: Nifty outlook bullish till it holds above 11,980-12,000 zone
Maximum Put open interest was at 12,000 followed by 11500 strike.
Is Black Friday still a big deal?
Black Friday's star on the retail calendar has dimmed a little in recent years, but it is still very important to stores -- and shoppers.
SBI FXTRADE Expands Offering, Adds 8 New JPY Currency Pairs
SBI FXTRADE Co., Ltd. announced this Friday that it is expanding its FX product offering to include eight new currency pairs based on the Japanese yen.
Why Bitcoin Price May Soon Jump 15% to $8,500: Trader Who Foresaw Decline to $6,600
It may have been Thanksgiving on Thursday, but Bitcoin (BTC) held its ground, managing to make a number of key time frame closes above the key $7,400
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Dangote Sugar Refinery: Revenue recovers but cost pressures remain
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
RBI files insolvency application against debt-laden DHFL
DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors
Rural unrest spreads as farmers’ anger boils over
Low food prices and widespread fears about the green transition fuel discontent.
Germany's Daimler to cut 'thousands' of jobs over 3 years
Daimler says it plans to cut thousands of jobs worldwide by the end of 2022. The German automaker says it plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
PSD decries PNL's social experiments with establishing minimum wage
The Social Democratic Party ( PSD ) argues that the calculation model proposed by National Liberal Party (PNL) for establishing the minimum...
Swedish brand H&M tests clothing rental service
Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. Consumers can rent garments for 350 kronor ($37) a week i
Renault-Nissan-Mitsubishi to name alliance General Secretary in days
Mubasher: Renault-Nissan-Mitsubishi on Friday said that it will name a general secretary in the upcoming days as a first step towards boosting the operational efficiency.
IOB elevates Bhuwan Chandra as CFO
Public sector Indian Overseas Bank has announced the elevation of Bhuwan Chandra as its Chief Financial Officer with effect from December 1. Chandra succeeds Radha Venkatakrishnan who is superannuatin
GDP at 4.5%: 'Worrying,' says Manmohan Singh; 'fundamentals strong,' counters govt
India Business News: India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, triggering a war of words between the government and the oppositio
NSE commodities segment gets CBDT recognition, traders to get tax benefit
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income
Winsborough extends leadership footprint
Elaine McCaw, a leadership luminary, joins Winsborough Limited this month as an Independent Director of the Board.
Democrats are running into Trump's economic buzzsaw
If you're a president who promised to make America great again, and the unemployment rate falls to its lowest level since the early 1950s, it looks like you're making American great again
Wagners secures contract for Adani’s Carmichael mine
Wagners has secured a contract from Adani Mining to deliver a quarry operations package for the Carmichael project in the Galilee Basin.
Skyworth group to invest $100 mn on white goods factory in Telangana
The company proposes to make latest generation Lithium-ion batteries for electric vehicles, air conditioners, refrigerators and washing machines in the second phase expansion, according to the Shenzen
Thousands of Aussies ditch big energy companies for cheaper, local alternatives
Thousands saving up to $430 on energy costs – compare today! Affordable energy continues to be a top concern for many seniors and cost-wary Aussie
TECT sole sponsor of region’s Rescue Helicopter
TECT, a longtime supporter of the Bay of Plenty Coastal rescue helicopter service, have recently become sole naming right sponsor.
Buffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
Boris Johnson promises to give state aid to UK companies to stop them collapsing after Brexit
Boris Johnson has promised to scrap EU state aid rules after Brexit in order to stop UK businesses from collapsing.
Cat's 'tail' of survival
The name Journey was a fitting choice for this special cat.
ICPC, NOA launch community campaign to monitor constituency projects
The ICPC in collaboration with the NOA has launched a National Awareness Campaign on Community Monitoring of Constituency Projects.
Fiscal deficit exceeds budget estimates during April-October on lower tax receipts
Constrained by lower tax collection, the Centre’s fiscal deficit exceeded the budget estimate during first seven months (April-October) itself. Fiscal deficit is the difference between income and the
Ola restructuring biz over IPO to cost 250 jobs: Report
The spokesperson added that the restructuring is aimed at becoming "more nimble and have a sharper focus on growth and profitability".
Daily Mail owner buys i as UK regional market consolidates
DMGT to pay £50m for national daily that belongs to indebted JPI Media
Black Friday: Holiday Shopping Gets a Trump Economy Boost | Breitbart
Despite a holiday season shortened by a late Thanksgiving, retail spending is expected to rise by around 4 percent this year.| Economy
Stock markets tread water as all quiet on trade war front
LONDON, Nov 29 — Stock traders found little to get the pulse racing today as the trade war front was eerily quiet and Thanksgiving sapped global trading volumes. “It’s been quite the forgettable week and I don’t think today is going to be any more memorable,” said Craig Erlam, Senior...
Statistics Canada reports pace of economic growth slowed in third quarter
Statistics Canada says the pace of economic growth in Canada slowed in the third quarter.
CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents
Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring ...
Shopping in these 4 popular Malaysian cities just got a lot easier for Singaporeans with NETS ATM cards, Business Insider - Business Insider Singapore
Business Insider - NETS ATM cards can now be used in Malaysia across 7,400 PayNet acceptance points - but only in these 4 cities.. Read more at businessinsider.sg
China's financial warning signs flashing nearly everywhere as policymakers scramble
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the
Big challenges for small business debated at APEC Forum next week
The big challenges for New Zealand small businesses, including mental health risks, cashflow and support for women-led businesses will be under the spotlight next week at the APEC SME Productivity and Performance Forum in Wellington.
Kingpins Presents Psychedelic Selection of Tie-Dye, Hemp Denims
Kingpins New York showed a selection of tie-dye denims and stretch blends.
Mayo firm a winner in InterTradeIreland Seedcorn competition
A MAYO firm was one of the main winners at the prestigious InterTradeIreland Seedcorn Investor Readiness Competition final, held at the Guinness Storehouse in Dublin.
Okowa to Revenue Board: Carry out reforms to enhance revenue generation
Delta Governor, Senator (Dr.) Ifeanyi Okowa, has charged the state’s Board of Internal Revenue to carry out reforms that would enhance revenuet.
GDP growth at 4.5%: No, Indian economy is still not in recession, but these countries are
Q2 GDP: Some of the key economies in the world are in the verge of recession raising fears about the global economic health
Mercedes-Benz Parent Company Daimler To Cut Thousands of Jobs
Daimler says it plans to cut thousands of jobs by the end of 2022, not filling some vacant posts and offering severance packages in Germany.
The Clean Green Pakistan Index: A futile exercise?
The initial phase of the index also calls for cities to compete to beautify the city as well as on sanitation
Dicey Situation: European Parliament Declares Global Emergency Over Climate Change
The Parliament’s vote came during a debate about an upcoming United Nations conference on climate change that is scheduled for 2 Dec and the same day scientists warned that our planet has crossed several tipping points.
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know., Business Insider - Business Insider Singapore
Business Insider - Here's the latest news about Goldman Sachs.. Read more at businessinsider.sg
India's fiscal deficit touches Rs 7 trillion, surpasses annual target in seven months
India’s fiscal deficit in the first seven months through October stood at Rs 7.2 trillion, or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.
Switzerland Acts to Improve DLT/Blockchain Ecosystem with Improved Legal Certainty, Crypto Valley Association Welcomes the Move
The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (
Britain's Ocado signs technology partnership with Japan's Aeon
British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first ...
IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors
IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019.
INS: 2.1pct drop in the number of building authorizations for residential buildings, in Jan-Oct
The number of building authorizations for residential buildings decreased by 2.1 per cent, in the first ten months of the year, compared with...
How do economists predict GDP figures? These indicators help
GDP Q2: One of the reasons why economists are fairly sure about the outcome of the GDP estimates is that key components of the GDP have not been showing positive trends
$993 Million multipurpose Pwalugu dam to be completed by March 2021
The Pwalugu multipurpose dam to be constructed in Pwalugu in the Talensi District of the Upper East region will cost an amount $993 million. The project which is expected to be completed by March 2021 will be entirely funded by the Government of Ghana. Addressing a durbar of chiefs and people of the Upper East and North East region of Ghana in Pwalugu and to cut sod for the project to begin, President Nana Addo Dankwa Akufo-Addo said government is committed to starting and finishing the project as scheduled. “As we further indicated to our commitment to the realisation of this project, the total cost of the project amounting to some $993 million nearly a billion dollars to be borne entirely by government”, he said. According to the President, the Chinese firm Sinohydro, a subsidiary of PowerChina will build the project under the engineering procurement construction contract which will be executed in fifteen (months).
With 20-plus brands, Rohit Sharma is new blue-eyed boy for corporate firms
Rohit currently charges Rs 1 crore per day for each brand which can be anything from TVC, promotional event, print or digital commitments
NATO seeks to head off budget row saying spending is rising
BRUSSELS (AP) - NATO Secretary-General Jens Stoltenberg said Friday that European allies and Canada are spending even more than previously thought on defense, just days before U.S. President Donald Trump is expected to demand once more that other leaders boost their military budgets.
Sugar companies' profit set to rise on firmer prices
The profit of sugar companies is expected to improve with prices firming up on the back of lower sugar production. Domestic sugar production for sugar season started in October was revised downwards
The Aramco IPO And The OPEC Meeting Could Support The Price Of Crude Oil
The Saudis want to sell a piece of Aramco.Watch the OPEC meeting for clues.Iran provides support for the energy commodity.U.S. energy policy could shift.UCO and SCO are tools for those who do not trad
It’s a rush for FASTags as banks, customers gear up for Dec 15 deadline
Banks come out with offers such as doorstep delivery and free movie tickets
Anambra acquires land for honey production, export — ADP Manager
Anambra Government has procured over five hectares of farmland at Igbariam in Anambra East LGA for Bee Plantation and Mass Production of honey for export
Brace for a warmer winter in India this year, says IMD
M Rajeevan, secretary, Ministry of Earth Science (MoES) had said last week that 2019 is set to become the second-most warmest recorded calendar year ever.
SCHOTT Glass to double capacity at Jambusar plant in Gujarat
Commits to infuse Euro 26 million by next year
Zurich Airport Wins Multi-Billion Contract to Build Delhi's Third Airport - Official
New Delhi (Sputnik): This is the first major success for the Switzerland-based company Zurich Airport International, as it has received setbacks five times in this year. Adani enterprises won bids to operate five major international airports in all those cases.
India Cuts Purchase of P-8 Spy Planes From US in Half
New Delhi (Sputnik): The Indian Navy had originally asked for 10 P-8I aircraft in a bid to deploy more spy planes to crucial points in the Indian Ocean region under “Mission Based Deployment”. However, the Defence Ministry has now decided to cut the request in half due to budget constraints.
AUD/USD slumps to fresh multi-week highs near 0.6760 on broad USD strength
After rebounding to 0.6780 area during the European trading hours, the AUD/USD pair lost its traction in the last hour pressured by the broad-based US
UTB announces 2020 Tourism Expo with focus on Intra-Africa travel
As Uganda moves to a position as a premier tourist destination, Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020). POATE is a tourism and travel trade exhibition which brings together regional and international tour operators, travel agents, destination agencies and various players in the tourism trade to network and facilitate tourism business. The three-day expo will run from 4-6 February 2020 and will be held at the Speke Resort in Munyonyo. POATE 2020 will integrate business to business (B2B) and business to consumer (B2C) trade event format under the theme “Inspiring high-value engagement to promote intra-Africa travel for leisure, business and adventure”, aimed at raising Uganda’s profile as a preferred destination in the region and internationally. Launching the event, State Minister for Tourism Wildlife and Antiquities Godfrey Kiwanda noted the board’s focus on Intra- Africa travel.
U.S. to Negotiate Carbon Trades Under Climate Pact Shunned by Trump
(Bloomberg) — President Donald Trump may be withdrawing from the Paris climate agreement, but the U.
Renault-Nissan to reboot alliance with new overseer
PARIS (Reuters) - Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
SECA Evening Event: Venture capital for family offices, insurance firms and pension funds
This event is aimed at managers and decision-makers from the investment sector of Swiss family offices, insurance firms and pension funds.
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Gotabaya Rajapaksa's visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
"We can significantly increase our bilateral trade from the present level of about USD 7 billion. Besides, mutual investment can also flourish in a number of areas, including ports, airports, highways, metro rails, telecommunication, petroleum products and hydel power," Assocham President B K Goenka said.
Lufthansa: German airline not open to Qatar investment
DUBAI: Saudi Arabian and international investors have subscribed to the initial public offering of Saudi Aramco in huge numbers, with demand for shares in the world’s most profitable company exceeding the number of shares on offer. Financial advisers to the biggest IPO in history announced that bids to the value of $44.3bn (166.275bn riyals) have been received in total from
US merger rush stirs debate over equities bull market
Some see signs of rally’s impending end in rash of multibillion dollar tie-ups
Green Climate Fund to channel over $1.87bn in tackling emissions
Green Climate Fund is now financing climate action in over 100 developing countries after the final Board meeting of 2019 approved 13 new projects.
Telstra is giving away 25 million Telstra Plus points for Christmas, are you eligible?
Have you ever heard of the 12 days of Christmas? Well, Telstra is apparently saying nice try to that and is instead celebrating 25 days of Christmas by giving away 25 million Telstra Plus points this Christmas season. Welcome to Telstra’s 25 days of Christmas.
Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday
TOKYO (Reuters) - Japan’s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.
Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants
Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of about 140% from last year, when the company signed up 25,000 new customers. Klarna says the new merchants include major companies such as Abercrombie & Fitch, Expedia, H&M, River Island,
Odisha's investments in PSUs yield poor returns, says CAG report
Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation
Scottish Natural Heritage apologises for killing hundreds of trees
More than 300 beech trees were deliberately poisoned by the organisation on an island in Loch Lomond.
Hallmarking of gold jewellery mandatory across nation from January 2020
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered
Plea in SC seeks stay on implementation of Electoral Bond Scheme
Plea filed by Association for Democratic Reforms (ADR) said that certain amendments made in Finance Act, 2017 and earlier Finance Act, 2016, both passed as money bills, have opened doors to unlimited political donations, even from foreign companies and thereby legitimising electoral corruption at a huge scale.
Infosys inks pact with Services Australia to digitise welfare entitlements
IT services major Infosys on Friday said it has inked an agreement with Australian federal government’s Services Australia to transform the entitlement calculation engine for the nation’s welfare syst
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
Dark times: Eskom Has A R50 Billion Shortfall
JOHANNESBURG – Eskom on Thursday said it needed to come up with a way to address the R50 billion shortfall it had accumulated this past financial year. The power utility projected that it would lose R20 billion by the end of the year. Its operating costs are over R30 billion. Eskom’s CFO Calib Cassim said […]
DHFL: RBI initiates corporate insolvency resolution process
The Reserve Bank of India (RBI) on Friday filed an application for initiation of corporate insolvency resolution process against the financially stressed Dewan Housing Finance Corporation Ltd (DHFL) u
India’s Fiscal Deficit In October At 102.4% Of 2019-20 Target
The gap between the government’s revenue and expenditure rose to Rs 7.20 lakh crore as of October.
Legacy systems, digital skills shortages a big thumbs down in APS report
State of the Service census lays bare the struggle to transform.
Sri Lanka wants to undo 99-year port lease to China
Sri Lanka’s new government led by President Gotabaya Rajapaksa wants to undo the previous regime’s move to lease the southern port of Hambantota to a Chinese venture, citing national interest. Former
Swiss firm Zurich airport to develop Jewar airport, outbids DIAL, Adani
Jewar Airport or the Noida International Greenfield Airport will come up in the 5,000-hectare area when fully constructed and is estimated to cost Rs 29,560 crores, Nodal Officer for the Project.
Following their latest investment, Tencent now owns 10% of Sumo Group
Sumo Group, who own developer Sumo Digitial, are currently developing the sequel to the cult-classic zombie game Dead Island
Gold rallies Rs 143 to Rs 38,695 on rupee depreciation, positive trend
On Thursday, gold prices closed at Rs 38,552 per 10 gram
4.5 % GDP growth rate unacceptable, worrisome: Manmohan Singh
Former Prime Minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Prime Minister Narendra Modi to set aside 'deep-rooted suspicion' of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.
Debt ETFs/index funds to have minimum of 8 issuers: Sebi
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
The Frugal REIT Investor
Wealth is not the same as income. Wealth is what you accumulate, not what you spend. Thomas Stanley.The foundation stone of wealth accumulation is defense. Thomas Stanley.Investors must select stocks
No provision for financial aid to family of farmers who commit suicide
Agriculture credit targets have also been enhanced from Rs 9 trillion in 2016-17 to Rs 13.5 trillion in 2019-20
German Amazon workers strike on ‘Black Friday’
FRANKFURT AM MAIN, Nov 29 — Hundreds of Amazon workers in Germany walked off the job as the US online retailer kicked off its “Black Friday” sales bonanza, escalating a long-simmering battle for better pay and working conditions. The strike called by the powerful Verdi union is set to last...
3 Reasons Why Shorting McDonald’s (MCD) Stock Now Is a Bad Idea
Missing third quarter estimates and the firing of the CEO is why investors are short McDonald’s. There are reasons why you shouldn't.
Water master plan to guard against drought in South Africa
SA's water master plan outlines a series of urgent steps to be taken and implemented in order to address systematic and infrastructural challenges.
Airbnb scofflaws face fines
The rubber is about to meet the road when it comes to short-term housing rentals in Kelowna.
Tesla Expands Its Australian Megabattery Empire
The world's biggest battery is about to get 50% bigger (and could double again).
HSBC and Santander brought to book over text alert failure
HSBC and Santander are to refund millions of pounds to customer who incurred overdraft fees after the banks broke rules on sending text alerts to customers to warn them they were about to go into the red.
The Bitcoin Man Acquires FortuneZ, Appoints Sydney Ifergan as COO
Herbert Rafael Sim, popularly known as The Bitcoin Man, has acquired crypto-focused business publication company FortuneZ for a sum of $2,500,000.
Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss
United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant's motion to dismiss the case in a US
Botswana Drought Makes Wasteland of Harvests, Livestock
In semi-arid Botswana, the farmers are reeling after the worst drought in a decade wiped out entire harvests and left the land littered with dead livestock.