Economy 534
Rand marks time as China virus, power cuts weigh
Investors clutch at hopes that China can contain the spread of the coronavirus.
Sasol expects earnings to collapse 69%
Oil price, softer global margins and Lake Charles project weighs on first-half earnings
Economic Survey 2020 forecasts India GDP growth at 6-6.5% for FY21
Economic Survey 2020: According to the survey, uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions
India must follow China's growth model to create jobs, suggests Economic Survey 2020
Economic Survey 2019-20: India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030 by integrating "Assemble in India for the world" into Make in India
India's GDP growth not overstated, says Economic Survey 2020
Economic Survey 2020 live: The Economic Survey 2019-20 cleared the air around "inflated GDP numbers". Here's what this exactly means for you
WhatsApp payments to be launched in several countries in next 6 months: Mark Zuckerberg
WhatsApp Pay started as a pilot programme in 2018 wherein a million Indian users participated. Overwhelmed by the response, Facebook is expanding the payments feature to more countries.
Vedanta implements resolution plan to bag Ferro Alloys via NCLT route
Company's foray into ferro alloy business to strengthen its steel business portfolio
Economic Survey highlights: FY20 fiscal deficit target may need relaxation
GDP growth pegged at 6-6.5 per cent in financial year starting April 1, up from 5 per cent in current fisca
Economic Survey calls for $1.4 trillion infra spending during FY2020-2025
Investment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Survey
SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip
During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%
Marico slips 6%, hits 52-week low on disappointing December quarter results
In Q3FY20, consolidated revenue from operations declined 2 per cent YoY at Rs 1,824 crore.
Gauteng doctor and businessman found dead in flat
“At this stage, we are not sure if this was a murder-suicide or a robbery.
Key takeaways from Economic Survey 2020
Finance Minister Nirmala Sitharaman on Friday tabled economic survey projecting the country’s economic growth at 6-6.5% for the next fiscal year starting April 1.
Burlescombe produce market "overwhelmed" by optimism and support
The new monthly produce market got underway at Burlescombe and Westleigh Community Hall on Sunday, January 26
Barnstaple based business take Business Innovation of the Year gong
SEA, the Barnstaple-based defence and security electronic system specialist has won a national award
Bank Negara says sentiments in global financial markets positive in Dec
KUALA LUMPUR, Jan 31 — Sentiments in the global financial markets in December were positive amid prospects of easing global trade tensions, said Bank Negara Malaysia (BNM) today. The central bank said investor’s risk appetite improved following the announcement and subsequent signing of a phase...
Tokyo stocks close higher after WHO virus ruling
TOKYO, Jan 31 — Tokyo stocks closed higher today after the World Health Organisation declared the new coronavirus an international emergency but held off on recommending restrictions on the movement of people. The benchmark Nikkei 225 index gained 0.99 per cent, or 227.43 points, to end at...
Amazon blows past a $1 trillion valuation after topping analysts' earnings expectations (AMZN)
Amazon shares soared as much as 11% in early Friday trading, driving the company's market valuation above $1 trillion for the first time since J...
Samsung Won’t Be Using Its Custom Exynos 990 for the Galaxy S20 Series in Its Home Market
Even if Samsung’s home market, where Exynos SoCs were used, the upcoming Galaxy S20 is expected to with Snapdragon 865
Universities seek new markets after triple-blow
The UK's highly competitive visas for foreign students, along with the bushfires and coronavirus, threaten Australia's $38 billion higher education market.
Anambra reschedules cancelled Nkpor auto spare parts market poll
President of ASMATA, Chief Ikechukwu Ekwegbalu, notified the traders to prepare for the election on Thursday, February 6.
Tourism businesses urged to harness ‘fantastic’ potential of Arbroath 2020
Tourism businesses across Angus and Dundee are being encouraged to turn the “eyes of the world” on the area by harnessing the potential surrounding this year’s 700th anniversary of the Declaration of Arbroath.
Assemble in India for world can raise export market by 6 per cent by 2030: Economic Survey
India must focus on a group of industries, referred to as “network products”, where production processes are globally fragmented and controlled by leading multi-national enterprises (MNEs) within thei
Nifty call: Go long on strong rally above 12,050 levels with fixed stop-loss
Nifty 50 February futures (12,025)Following a positive start, the Sensex and Nifty began to decline due to selling interest at higher levels. The Asian markets are displaying mixed cues; the Nikkei 22
Two loan products launched by Indian Bank
Indian Bank on Thursday announced the launch of two products - Surya Shakthi, for roof top solar set up for captive consumption and Corporate Loan, a finance product in aid of units under stress for w
SBI records 41 per cent jump in Q3 net profit at Rs 5,583 crore
The bank says this is the highest ever quarterly net profit recorded by it
Economic Survey sets the tone for Budget 2020
The Survey's theme is 'Wealth Creation'
US SEC Commissioner defends proposal on shareholder voting rules
A top official at the U.S. Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid "misconception" ...
Asia shares try to rally after gut-wrenching week
Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, ...
Shares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as ...
Brexit day: Britain quits EU and steps into transition twilight zone
The United Kingdom formally leaves the European Union this evening for an uncertain Brexit future.
Stock markets fall
Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial, energy and industrial sectors moved lower.
GDP edges up 0.1 per cent
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Economic Survey pegs GDP growth at 6-6.5% in next fiscal
Government must use its strong mandate to deliver expeditiously on reforms, it says
What could derail the long-awaited property market recovery?
PROPERTY experts are hopeful 2020 will be the year the Perth market returns to growth.
Union Budget 2020: Govt Tables Economic Survey, Pegs Growth Rate at 6-6.5% For FY 2020-21
The growth rate for the current financial year, ending March 31, was 5%, the Economic Survey, prepared by Chief Economic Adviser (CEA) Arvind Subramanian said. The Survey added that the rate of inflation declined from 3.2% in April 2019 to 2.6% in December 2019.
SBI Q3 results: Profit jumps 41% to Rs 5,583 crore; asset quality shows big improvement
Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year.
Big share sale target in FY21? AI, BPCL, CCRI plus some more
Dalal Street analysts expect disinvestment proceeds to touch Rs 50,000 crore in FY20.
Economic Survey suggests widening scope of Make in India to create 4 crore jobs by 2025
This can be done by integrating “assemble in India for the world” into Make in India.
Households saved Rs 11K per year due to increasing affordability of thalis: Survey
Eco Survey finds that cost of vegetarian thali reduced significantly since 2015-16 though the price rose in 2019.
Economic Survey 2020 has a clear message for Nirmala Sitharaman
Growth in the current fiscal year would come in at 5 per cent, as per Economic Survey.
Eco Survey: Thalinomics in times of rising prices: Veg, non-veg thalis more affordable
Using the annual earnings of an average industrial worker, it is found that affordability of vegetarian thalis improved 29 per cent from 2006-07 to 2019-20 while that for non-vegetarian thalis improved by 18 per cent.
Ginni Rometty to step down as IBM chief executive
Tech giant has struggled to grow as it moves into new fields like cloud computing and artificial intelligence
Link to buy Pepper European Servicing unit for up to €200m
Pepper Ireland unit manages €18bn of assets, including 60,000 residential mortgages
Bitfinex Adds Tether Gold Margin Trading with 5x Leverage
Bitfinex, one of the top global crypto exchanges, has added margin trading support for bullion-backed stablecoin Tether Gold (XAU₮).
Economic Survey 2020 draws heavy references from Kautilya's Arthashashtra
Economic Survey 2020: The document also defends Kautilya and says that he is often misrepresented because of impartial reading of Arthshashtra
Economic Survey 2020: The thali, India's own Big Mac Index
What Subramanian has done is somewhat similar to the Big Mac index, but at a national level. He has mapped out what a regular thali costs at a regional level and at the state level from 2007/08 to 2019/20
SBI posts highest-ever quarterly profit of Rs 5,583 crore in Q3
SBI Q3 results: The bank's gross non-performing assets (NPAs) ratio declined to 6.94 per cent in Q3FY20 versus 8.71 per cent in the same quarter last year
Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy
Union Budget 2020:
Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey
Benchmark indices Nifty50 and S&P BSE Sensex reached record highs during 2019-20 (up to January 16, 2020).
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
GDP growth neither over nor underestimated, data woes baseless: Eco Survey
The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
Coronavirus: Spurt in fertiliser import costs seen due to plant closure
Exporters not to worried for now, say concerns may kick in only if virus spread isn't controlled; leather sector stand to gain.
Asian investors eye low-cost housing - VietNamNet
JLL estimates that hundreds of millions of dollars from Japan, South Korea, Singapore and China are waiting to be funneled into Vietnam’s real estate market.
Govt plans to sell 15% take in HAL via offer for sale
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer.
Arvind Krishna elected IBM CEO
Indian-origin technology executive Arvind Krishna has been elected Chief Executive Officer of American IT giant IBM after a "world-class succession process", succeeding Virginia Rometty, who described him as the “right CEO for the next era at IBM” and “well-positioned" to lead the company into the cloud and cognitive era.
African Economic Outlook indicates steady growth through 2021
AfDB's 2020 African Economic Outlook shows that growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021.
Economic Survey 2020 projects GDP growth at 6-6.5% in FY21
The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday.
Azmin to lead working visit to Japan to explore new economic cooperation
KUALA LUMPUR, Jan 31 — Economic Affairs Minister Datuk Seri Mohamed Azmin Ali will lead the Malaysian delegation of senior officials from his ministry for a six-day working visit to Japan from February 1-6. In a statement today, the Ministry of Economic Affairs (MEA) said the delegation will...
A little-known trucking company surges nearly 58% after Volkswagen unit makes a surprise offer to buy (NAV)
US truck manufacturer Navistar's shares shot up in pre-market trading Friday, after a Volkswagen unit said Thursday it could buy the company in ...
Coronavirus: SEAMATA urges traders to avoid business trips to China
southeast Amalgamated Market Traders Association, SEAMATA, has urged traders to shelve all business trips to China
Formal employment rises from 17.9% to 22.8% in 6 years: Economic Survey
Economic Survey: A rise in share of formal employment indicates that more people are getting regular jobs and being employed in the organised sector.
Abidali Neemuchwala resigns as Wipro CEO, to hold position till successor is found
The company has not specified any time frame to find the successor.
Rewane outlines sectors to drive economy in 2020
Bismarck Rewane says Nigeria’s economic growth will be dependent on three sectors going into 2020.
Budget Session: Economic Survey 2019-20 To Be Presented In Parliament Today
The budget session of the Parliament is set to commence from Friday (31 January) with an address by President Ram Nath Kovind to joint sitting of both the houses, reports India Today.
The UK has confirmed its first 2 cases of Wuhan coronavirus, Business Insider - Business Insider Singapore
Business Insider - The virus, which originated in the Chinese city of Wuhan, has now spread to at least 20 countries worldwide.. Read more at businessinsider.sg
Warren Buffett's $4.6 million crypto lunch was eBay's priciest purchase in 2019. It still hasn't happened., Business Insider - Business Insider Singapore
Business Insider - Tron chief Justin Sun bought the charity meal with Berkshire Hathaway's boss but bailed at the last minute, sparking conspiracies.. Read more at businessinsider.sg
Economic Survey: Time to scrap Essential Commodities Act?
‘Government intervention in agriculture market doing more harm than good’
Nirmala Sitharaman’s bahi khata: More for aam adami?
The buzz is that she will be addressing the demand side of economy — giving consumers more money to spend without cutting back on government expenditure on social schemes
Thalinomics and the improved affordability of a plate of food
Move over the Big Mac Index! The Economic Survey 2020 has made a unique attempt to quantify the cost incurred in putting together one complete home-made meal — the healthy Indian thali.A trend of coin
Raising funds for infrastructure will be "challenge": Economic Survey
States that well prepared projects might attract investors
Drug Price Control Order led medicines to become costlier: Economic Survey
Survey urges government to opt for bulk procurement to provide affordable drugs
Why Africa can no longer be ignored - AfDB - Premium Times Nigeria
The president of the African Development Bank (AfDB), Akinwunmi Adesina, has said that Africa can no longer be ignored because it has a huge market...
How analytics can help expand market share and generate revenue
Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.
GDP growth expected to rebound to 6-6.5 per cent in 2020-21: Economic Survey
The Economic Survey 2019-20 tabled in Parliament said there are tentative signs of bottoming out of slowdown in manufacturing activity and global trade, which will have a positive impact on growth in the next fiscal.
Farm confidence rises but concern about compliance costs is deep - Federated Farmers
Farmers are feeling slightly more positive than they were six months ago but very few believe general economic conditions will improve in the year ahead, the Federated Farmers Mid-Season Farm Confidence Survey shows.
Feeling lucky? Only lottery winners will get to enjoy Suntory's limited edition 55-year-old single malt whisky
The newest bottle in the vaunted lineup of premium Japanese whiskies is more than 55 years old. The nation's oldest distillery will release Yamazaki 55 thi
Economist who counted $40 billion cost from SARS predicts far bigger hit from new coronavirus
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak, which sapped the world's economy by $40 billion, according
Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand
India's aspiration to become a $5 trillion economy depends critically on strengthening the invisible hand of the market, it said. And this needs to be done with the hand of trust through government intervention by facilitating pro-business policies.
SBI profit jumps 41% to ₹6,797crore in Q3 on lower provisioning
Consolidated income rose to ₹95,384.28 crore in the third quarter from ₹84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing
Market Pulse on January 30th
S&P 500 3283,66 +10,26.
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
Mayor Pete’s South Bend Awarded No Major Contracts to Black-Owned Firms for Three Years
DES MOINES, Iowa—Of the many pledges that Pete Buttigieg has made in his as-yet unfruitful quest to earn the support of black voters, his guarantee that a quarter out of every federal contracting dollar will be awarded to minority- and women-owned businesses is one of his most ambitious. “Look at what
Economic Survey 2020: Theme, Colour, Significance | All You Need to Know
"As PM Narendra Modi said wealth can't be distributed unless it's created," said the CEA explaining why wealth creation has been chosen as the theme of this year's economic survey
Economic Survey 2020: Why CEA Refers to Band Baaja Baaraat Movie
"Even our South Indian audience can relate to this. The same situation was there in Tamil movie Aaha Kalyanam," the CEA said
VN-Index plummets further amidst coronavirus crisis - VnExpress International
The benchmark VN-Index plunged 22.96 points, or 2.39 percent, to 936.62 Friday to reach its lowest level since February 11 last year.
India's GDP growth neither over- nor underestimated, says Economic Survey
Recently, Arvind Subramanian, the Narendra Modi government's former chief economic adviser, had said India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.
Funding National Infra Pipeline would be a 'challenge': Economic Survey 2019-20
To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy, the survey said.
Push for micro-irrigation says Economic Survey
The Economic Survey say that through government schemes like the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) which was launched in 2015 the area under micro-irrigation was increasing.
Indiabulls Real Estate to merge certain Embassy Property projects with self
Embassy is in discussions with financial investors such as The Blackstone Group Inc. and others to raise up to $200 million before the said merger. This equity investment of $200 million will bring significant cash in the merged entity for expanding its business operations.
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
The Survey has recommended measures to safeguard farmers through procurement under Price Stabilization Fund to help regulate the price volatility of important agri-horticultural commodities and also added that MSP needs to be made more effective. For the current financial year so far, food and beverages emerged as the main contributor to retail inflation.
Economic Survey suggests cutting subsidy to increase fiscal legroom
Cutting the food subsidy can help provide more fiscal room, according to the Economic Survey.
ASEAN sustainable finance: A huge gap means a huge opportunity
While many investors, corporations and financial institutions have announced a commitment to achieving the SDGs, capital is not flowing at the required speed to those countries where SDG investment matters most.
Asia shares fight for footing after turbulent week
Asian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
GAN expects earnings to beat market expectations
Gambling software company anticipates earnings of between £7m and £8m
Uber Officially Bans Drivers From Carrying Firearms, But Company's Business Model Prevents Enforcement
Iwastheone shares a report from The Atlantic, written by Sidney Fussell: Uber has banned guns in cars, for both drivers and passengers, since 2015. But over email and Facebook Messenger, four current and four former drivers told me they carry firearms on the job. In explaining why, they each cited ...
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1
Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.
Economic Survey Projects India's GDP Growth at 6-6.5 Per Cent for 2020-2021
New Delhi (Sputnik): Amid the widespread slowdown in the Indian economy, the government lowered its national income growth forecast for the current fiscal year from April 2019-March 2020 to 5 per cent against the earlier projections of 7 per cent.
Coronavirus updates from around the world
UK confirms first cases; US warns on travel.
BofA sees Eskom among risks to spoil brief SA rally
'Investors are getting impatient and are looking for opportunities elsewhere' – investment strategist.
Economic Survey 2020 pushes for privatisation of education, flexible labour laws
Economic Survey 2020: Survey calls for increasing literacy levels rapidly through institution of more schools and colleges; vouches for important policies that boost ease of doing business
QFMA to further boost Qatari capital market: CEO
The Qatar Financial Markets Authority (QFMA) is working to further improve the performance of Qatar’s capital market, which has previously been ranked among top 10 financial markets in the world in various indicators related to measuring capital market performance.
Market LIVE: Sensex, Nifty subdued as Economic Survey throws fiscal, economic challenge for government
Around 3.15 PM, S&P BSE Sensex was trading 0.51 per cent or 209 points lower at 40,703.84 while broader Nifty 50 index breached the crucial 12,000-mark and was ruling at 11,955 points
Market Wrap, Jan 31: Sensex tanks 190 pts, Nifty below 12K ahead of Budget
State Bank of India posted a 41 per cent year-on-year growth in the standalone net profit at Rs 5,583 crore - its highest ever quarterly net profit-- for the December quarter of FY20
Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%
In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.
Economic Survey: 5,151 smart city projects at various levels of execution
On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor
Economic Survey 2020: Need to address rising food bill, revisit PDS rates
The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs
A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
Economic Survey: Need to address challenges in farm sector to double income
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
India forecasts faster economic growth, warns of fiscal challenge
The government estimates GDP will grow 5% this fiscal year, which ends on March 31. That would be the slowest growth since the global financial crisis of 2008-09
Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey
Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
Economic Survey 2020 to give roadmap for $5 tn economy
Coming at a time when India's nominal economic growth, not adjusted for inflation, has been the worst in 42 years, the Economic Survey, to be presented in parliament by around 12.30 pm, is hugely
SBI profit jumps 41 per cent to Rs 6,797 crore in Q3 on lower provisioning
On a standalone basis, SBI's net profit jumped 41.2 per cent to Rs 5,583.36 crore in the third quarter of the current fiscal compared to Rs 3,954.81 crore during the corresponding October-December period in the same period a year ago.
Market Highlights: Sensex slips 190 points, Nifty ends below 12,000 ahead of Budget 2020
Share Market, Stock Market Highlights: Everything that happened in the markets.
Hong Kong stocks close lower
HONG KONG, Jan 31 — Hong Kong shares closed down today, shedding their earlier gains and adding to a dismal week on one of Asia’s biggest bourses. The benchmark Hang Seng Index fell 0.52 per cent, or 136.50 points, to close at 26,312.63. Mainland Chinese markets were still closed for the...
Warren Buffett's big Amazon investment is finally paying off, 8 months after he lamented not buying sooner (AMZN, BRKA)
Warren Buffett spent years watching Amazon soar from the sidelines, before his holding company Berkshire Hathaway started purchasing shares earl...
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are start...
It stifles freedom: Economic Survey cautions Modi govt against excessive intervention in market | 10 points
The Economic Survey has said govt interventions often result in undermining the market's ability to support wealth creation and lead to outcomes which are opposite to those intended.
Is India's GDP growth overstated? Economic Survey counters Arvind Subramanian, others
Beginning from Arvind Subramanian, several economists and international agencies have raised doubts over India's GDP growth rate figures in past one year. The Economic Survey 2020-21 rejects the charge.
Budget session should be focused on economic matters: PM Modi
He also said that the session should be focused on economic matters and how India can take advantage of the current global economic situation.
An American boxer was accidentally head-butted in a fight and suffered a gash so wide you could have stuck a nickel in it, Business Insider - Business Insider Singapore
Business Insider - JoJo Diaz boxed well over 12 rounds despite the wound, winning the IBF super featherweight world title from Tevin Farmer on a DAZN show in Miami.. Read more at businessinsider.sg
Podcast: Economic Survey (Round-up)
The Economic Survey stated that the Indian economy is expected to grow 6-6.5 percent in 2020-21.This GDP growth forecast is seen as somewhat ambitious, given that Indian economy is widely expected to
NBFCs: Survey’s new diagnostic tool ‘Health Score’ may help avert liquidity crisis
The recent funding crunch in the economy caused by the blowouts in the NBFC sector (IL&FS, DHFL etc) over the last two years has clearly prompted the Government to look at the problems of fina
Economic survey predicts GDP to be between 6 and 6.5%, wants government to deliver expeditiously on reforms to revive growth
The Economic Survey 2019-20 tabled in the parliament on Friday predicted the GDP growth between 6% and 6.5% in the fiscal year starting 1 April.
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
Johnson & Johnson ordered to pay US$344 million over pelvic mesh claims
A US judge on Thursday ordered Johnson & Johnson to pay $344 million for false and deceptive marketing of pelvic mesh products used by tens of ...
Too soon to tell economic impact of Wuhan coronavirus on China: IMF chief
It is still too soon to gauge the economic impact of the virus outbreak on China's economy, beyond the first three months of the year, ...
How major US stock indexes fared Friday
Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains …
Eurozone economy barely grows in Q4 as France, Italy shrink
BRUSSELS — The eurozone economy, made up of the 19 countries that use the euro, barely grew in the final quarter of 2019 as both France and Italy contracted, official figures showed Friday. In its first estimate for the quarter, statistics agency Eurostat said the eurozone grew by only 0.1% from the previous three-month period. …
ANZ NZ Roy Morgan Consumer Confidence
The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 123 in January, a solid level. Households aren’t gung ho, but are feeling resilient.
Fueling future Kiwi generations' fuel needs - Hiringa and Waitomo
Innovative Kiwi energy companies Waitomo Group and Hiringa Energy have announced their intentions to work in partnership to develop New Zealand’s first nationwide hydrogen refueling stations network.
French and Italian economies shrink as Eurozone slows
The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth.
Highlights of CEA Subramanian press meet on Economic Survey: from 'wealth creation' to ‘Thalinomics'
Mr. Subramanian stressed that India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy and moving away from “pro-crony” policy.
Sensex drops 190 points; Nifty ends below 12K
All eyes have now turned to the Union Budget, scheduled to be presented on Saturday.
Tax rule changes mean millions of people will get an extra £104 a year from April
31 million people will see some extra cash in their accounts
Short-term labour shortages on cards for Suffolk and Norfolk farms post-Brexit
East Anglia's farmers are set to count the cost of Brexit with a labour squeeze and higher costs - although there will be opportunities to develop stronger domestic supply chains, a report suggests.
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today
What every Canadian investor needs to know today
A look at the morning’s market action
What can you do if a potential employer ‘ghosts’ you?
Ghosting is on the rise in workplace circles too, experts say, as technology is making it easy to both apply for jobs and ignore communication efforts
Cover brief for The Oklahoman's Business section on Jan. 31, 2020
WOODWARD Chemical plant evacuated in gas leak No injuries were reported as part of a hydrogen chloride leak at a chemicals plant that forced an emergency evacuation Thursday afternoon. Erin Hatfield, spokeswoman for the Oklahoma Department of Environmental Quality, said the agency was informed by the City of Woodward/Woodward County Office of Emergency Management that no one had been hurt. Hatfield said local emergency management officials told the agency the leak was caused by a valve malfunction at Deepwater Chemicals. Hatfield said DEQ was informed that the valve released the colorless gas into the plant's stack, prompting an evacuation order issued about 2:35 p.m. The gas, when exposed to
Eco Survey has right vibes; will Budget reflect same thinking, asks D-Street
Here is what economists and analyst read into the fine prints of the survey.
Need to address key challenges in farm sector for doubling farmers' income: Survey
Issues such as investment in agriculture, water conservation, improved yields through better farming practices, access to market, availability of institutional credit, increasing the linkages between agricultural and non-agricultural sectors need urgent attention, it said.
Rly passenger volume up by 1.85%, freight loading rose by 5.34% in 2018-2019: Eco Survey
Commenting on the cleanliness parameters of the national transporter, the survey stated that for railways which covers over 8,700 stations and carries around 230 lakh passengers daily with clientele of varied socio-economic backgrounds, cleanliness was a continuous process.
5 things about India you probably didn't know before Friday's Economic Survey
The Survey highlighted that there are quite a few signals that the Indian economy may have bottomed out.
Cutting down waste: Jakarta's traditional markets to drop single-use plastic bags by July
As an alternative, vendors are expected to educate and provide their customers with ecofriendly bags.
Macy's tech workers are afraid of losing their jobs as office closings remain unclear
A spokesperson for Macy's told Business Insider that it plans to share details of its three-year strategic plan at an investor day in early February.
Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he’s making up for it in 2020.
U.S. could face difficulties sanctioning Danske over money-laundering: report
COPENHAGEN (Reuters) - U.S. authorities could face difficulties fining Danske Bank (DANSKE.CO) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
Josh King to Manchester United: Solskjaer says business is unlikely
Manchester United manager Ole Gunnar Solskjaer says he is not expecting any more transfer business on deadline day.
Mobile money transactions now at 721 million – Techjaja
Uganda’s mobile financial sector has been growing with increasing number of mobile money subscribers ever since its inception. Uganda Com
How to remove a big obstacle to buying a house: debt
It’s not impossible to buy a house if you’re in debt, it’s just more challenging. Here are some steps to take.
tZero to Launch Broker-Dealer, Seeks Fund from External Sources
tZero, the blockchain subsidiary Overstock, is planning to launch its retail broker-dealer platform called tZero Markets.
How ‘Embedded’ Payment Providers are Transforming Fintech
Behind-the-scenes payments providers could be moving Big Tech further toward financial services.
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
'Old Slogans and Old Cliches': India's Ex-Finance Minister Slams Gov't Approach to Economic Slide
New Delhi (Sputnik): The Indian economy's growth rate witnessed a six-year low in the second quarter (July-September) of 2019; the Reserve Bank of India has cut the year's growth projection to 5 percent from the 6.1 percent projected in October 2019.
Economic Survey 2020: Why wealth creation was picked as this year's theme
Economic Survey 2019-20: Elaborating on India's historical dominance on the global economy, the survey stressed on the importance of bringing an openness in the market that leads to wealth creation
Economic Survey 2020: How privatisation helps CPSEs unlock growth potential
Economic Survey 2020: The analysis showed that these privatised CPSEs, on an average, perform better post privatisation than their peers in terms of their net worth, net profit, return on assets
Why imported onions are rotting? Economic Survey 2020 has an answer
Economic Survey 2020 latest: Imported onions are rotting as there are no takers. Here's what the Economic Survey 2019-20 has to say about the onion crisis
Economic Survey 2020: Red-tape still strangles Indian manufacturing
Economic Survey 2020 updates: Ease of doing business in India seems like a far fetched dream as of now due to the huge number of licenses and approvals needed to run a business. Here's all you need to know
Horrific footage of a yelping dog being barbecued alive at a Chinese market is shared by activists calling for an end to the barbaric trade in dog meat
A video shared by campaign group No To Dog Meat shows a dog in searing pain as it tries to open its battered jaw to yelp while being cooked on a barbecue at a meat market in Yulin, China.
HUL reports 12.95% rise in consolidated net profit at Rs 1,631 cr
The company had posted a net profit of Rs 1,444 crore in the October-December period of the previous fiscal
Consequential train accidents decreased to 59 in 2018-19: Economic Survey
The Indian Railways with over 68,000 route-kilometres is the third-largest network in the world under single management
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
Govt dropped initial plan on GSTAT set-up, proposal flagged, shows RTI
Madras High Court had LATER declared bench composition unconstitutional due to non-inclusion of even a single judicial member; No appeal filed yet
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
Privatised CPSEs reported better profit, sales after transition: Eco Survey
The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)
Economic Survey: New firm creation higher in services sector than mfg, agri
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
Eurozone economy records worst year since 2013
The eurozone economy, which is made up of the 19 countries that use the euro currency, ended 2019 with a whimper and recorded its worst year of growth since it was mired in a debt crisis in 2013.
Lyft Stock Is An Intriguing Trade for Market Bulls Ahead of Earnings
The long-term debate over Lyft won't be resolved by a single quarterly report, but a risk-loving market could bid LYFT stock up next month.
Eurozone economy records worst year since 2013
The growth recorded was lower than the 0.2% anticipated in the markets and was largely due to the fact that two of the eurozone's biggest economies, France and Italy, both contracted.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month. The University of Michigan said its index of consumer sentiment jumped to...
Economic Survey outlines strategy to achieve $5 trillion economy, says PM Modi
In a social media post, PM Modi said that the Economic Survey, tabled in Parliament today, highlights the government's strategy to achieve $5 trillion economy.
USD/CHF drops below 0.9700 as markets remain risk-averse
The USD/CHF pair erased nearly 40 pips on Thursday and seems to be having a difficult time staging a recovery on Friday. After touching a daily high o
Wipro stocks fall over two per cent after CEO Neemuchwala steps down
MD Abidali Z Neemuchwala will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition.
Krachi East Assembly urged to complete abandoned market project
news, story, article
One of the emergency hospitals Wuhan is panic-building is looking close to completion. Watch a live feed of the construction here., Business Insider - Business Insider Singapore
Business Insider - The Wuhan Huoshenshan Hospital is due to open February 3, and the Leishenshan Hospital is due to open February 5.. Read more at businessinsider.sg
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story, Business Insider - Business Insider Singapore
Business Insider - Macy's is in the process of hiring employees to work at its new store in the upscale town of Southlake, Texas.. Read more at businessinsider.sg
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story
Macy’s is preparing to open a new retail concept in Texas.
Markets welcome WHO virus declaration
Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China.
China's factory activity falls in January as Wuhan coronavirus fears grow
BEIJING: China's manufacturing activity slipped in January, official data showed on Friday (Jan 31), as the country grapples with a new virus that ...
Optus cops hefty penalty for spamming customers
The communications watchdog has slugged Optus with its second-largest fine ever after the telco spammed consumers when they unsubscribed.
DHT Holdings' Co-CEOs On The VLCC Markets (Podcast Transcript)
As part of the Value Investor's Edge Live Virtual Tanker Forum, J Mintzmyer spoke with DHT Holdings' co-CEOs.The discussion covered the VLCC markets and IMO 2020 developments.We reviewed DHT's scrubbe
Macy's is launching a new store concept that's masterminded by the woman behind buzzy concept store, Story
Macy's is in the process of hiring employees to work at its new store in the upscale town of Southlake, Texas.
Integrate ‘Assemble in India’ into Make in India
Move will boost exports, create 80 mn jobs in next 10 years, survey says.The Survey gives China’s example, where labour-intensive exports between 2001 and 2006 created 70 million jobs
Economic Survey 2019-20: Competition, low tariffs led to financial stress in telecom sector
The data price in the country came down by over 99% during 2016-2019, making it among the lowest tariff in the world, according to the survey.
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
France, Italy Drag Euro-Area Economy to Worst Quarter Since 2013
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years.The surprise slump in two of the
Railways Approaches Finance Ministry to Relieve it of Pension Burden
This is not the first time that the railways has begged off its pension responsibilities, which eat into its earnings.
Blow to Kenyan farmers as agency bans avocado export
Traders accused of shipping immature crop due to high demand.
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%, hoping to raise $4 billion from the sale.
Post-fire losses darken days for light bulb maker - VnExpress International
Light bulb maker Rang Dong, whose Hanoi warehouse was gutted by a fire, has reported Q4 losses of almost VND36 billion ($1.5 million).
Tech View: Be patient with Budget volatility, don’t rush to buy on dips
Nifty broke below the lower end of the Rising Megaphone pattern on the daily chart.
ET View: Economic Survey revives an old tale about Microsoft
Microsoft has come a long way since then and even became the worlds most valued company. The Survey does not hold out a happy story.
Highways sector needs Rs 19.63 lakh crore investment by 2024-25: Economic Survey
Of the total Rs 102 lakh crore investment need for infrastructure projected by the National Infrastructure Pipeline (NIP), during 2020 to 2025, the highways sector will require Rs 19.63 lakh crore, the Survey said.
Production pattern is not in sync with the demand: The Economic Survey 2019-20
The survey said that the share of cereals declines steadily as MPCE level increases, from about 19 per cent for the bottom decile class of rural India to about 5-6 per cent for the top decile class, and from 15 per cent for the bottom decile class of urban India to under 3 per cent for the top decile class.
Contraction in domestic revenue growth softened IT-BPM sector growth in FY19: Survey
Of the total $135.5 billion of exports of the IT-BPM sector in 2018-19, IT services accounted for 55%, and BPM and software products & engineering services for the remaining 45 per cent (with each accounting for almost half of the share). The survey termed the Indian IT-BPM industry as the flag-bearer of India's exports over the past two decades.
F&O: Over to Budget; banking stocks only hope as bears rule
India VIX moved up 3.38 per cent to 17.36 level.
Eco Survey focuses on wealth creation, says PM
After the release of Economic Survey 2019-20, Prime Minister Narendra Modi took to his Twitter handle and said it focuses on wealth-creation for 130 crore Indians. It outlines a multi-faceted strategy to achieve a $5 trillion economy through enterprise, exports, ease of doing business and more.
Eco Survey calls for pro-business policies, strengthening invisible hand of markets
The invisible hand needs to be strengthened by promoting pro-business policies to provide equal opportunities for new entrants, enable fair competition and ease doing business, eliminate policies that undermine markets through government intervention even where it is not necessary, it said.
Sebi disposes of insider trading case against SpiceJet's former independent director
It had been alleged that he traded in SpiceJet while in possession of unpublished price information
You don’t have to hit a six in every ball, wait for market to throw you a loose ball: Madhusudan Kela
As the markets have amply proven in the last four, six months, the loose ball is coming. Meanwhile, pharma could provide great opportunities, says market expert Madhusudan Kela.
Eco Survey flags 'disproportionate dwarfism' of Indian banks, calls upon PSBs to become efficient
Flagging 'disproportionate dwarfism' of banks, Economic Survey called upon PSBs to become efficient.
Lilly posts higher-than-expected profit as new drugs lift outlook
Eli Lilly has posted higher-than-expected profit on the back of increasing demand for its newly launched drugs, despite fighting continued price erosion and pressure in the US.
Screen Ireland unveils slate of 40 productions coming to international market
Agency responsible for developing screen industries said sector contributed €357m to economy last year
Shrinking French and Italian economies hamper euro zone growth
Spectre of recession likely to mean more monetary easing by ECB
Macy’s is launching a new store concept that’s masterminded by the woman behind buzzy concept store, Story
Macy’s is preparing to open a new retail concept in Texas.
Coronavirus: NZ businesses exporting to China take a hit
New Zealand exporters are nervously waiting to see how big an impact the deadly coronavirus will have on their businesses. The disease is spreading across the globe and has killed at least 171 people and infected thousands. Restrictions in China on travel and public gatherings to try to contain the outbreak are putting the squeeze on New Zealand firms doing business in the country. New Zealand Rock Lobster Industry Council chief executive Mark Edwards said the live lobster export business had ceased after a huge drop in demand. He said the timing - during Chinese New Year, a peak period for demand and goods prices - was unfortunate.
Stocks drop amid uncertainty over virus impact; Amazon soars
U.S. stocks fell broadly in midday trading on Wall Street amid ongoing uncertainty about the potential economic impact of the 2019 Novel Coronavirus outbreak that originated in China.
Deribit to Offer Daily Bitcoin Options
Crypto derivatives platform Deribit will offer a daily Bitcoin index options to its client base.
Budget 2020: James Wilson, the man who brought budget, income tax to India
Budget 2020: When James Wilson introduced the Income Tax, the act severely impacted the mood of the businesses as well as the feudal lords
Economic Survey 2020: FTAs have been beneficial, insecurities over trade deals misplaced
Last year, India backed out of the proposed free trade agreement under RCEP that comprises 16 countries in the larger South East Asian region after some of its key concerns were not addressed
Economic Survey 2020 explains why the rich are good for economy
Economic Survey 2020: Survey says wealth created by entrepreneurs correlate strongly with wealth created by employees, and that greater wealth creation in a market economy enhances welfare for all
Businesses see promising India-UK ties ahead after Brexit
Brexit: Leading trade organisations and Indian entrepreneurs in Britain see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level
Milan-based Supermercato24 raises €11 million to expand its e-grocery marketplace in Europe
Italian startup Supermercato24 has today announced raising €11 million to expand its e-grocery marketplace in its homecountry, as well as in Poland where it also has an office, and the rest of Europe.
The daily business briefing: January 31, 2020
Brexit day arrives, Amazon shares surge, and more
Dec core sector growth recovers to 1.3% on higher coal, fertiliser output
Production of crude oil, natural gas, and electricity contracted in the month under review
Bold reforms needed to achieve 6-6.5% growth in FY21: Experts, industry
Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5 per cent will be challenging
GDP growth for FY19 revised downwards to 6.1% from 6.8% estimated earlier
"Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 trillion and Rs 131.75 trillion, respectively
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses
In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"
Trade body at variance with ISMA over sugar production estimate
All India Sugar Trade Association sees sugar output falling to 27 million tonnes; This is higher than ISMA's estimate of 26 million tonnes for 2019-20
HUL reshuffles top management team
Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care
No fresh investment, redemption for mutual fund investors on Budget day
Mutual funds investors will not be able to make a fresh investment or sell their units on the Budget day because subscription and redemption are closed on Saturdays and Sundays, industry officials
Collaboration tools are more popular than ever, but they have an insidious side
Are collaboration tools having a positive or negative impact on the way we work?
Look for New Highs From CSX Stock as the Economy Heats Up
As goes the economy, so goes CSX stock, and the economy is only going to improve over the next few quarters.
Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court
The senior adviser to Silk Road operator Ross Ulbricht had pled guilty to one count of conspiracy to distribute narcotics in a Manhattan Federal Court.
Dow plummets 600+ points in its worst day since August
The Dow Jones Industrial Average erased its year-to-date gains in the last day of January trading, tumbling more than 600 points on rising coron...
Brexit Day: Businesses see promising India-UK ties ahead
Leading trade organisations and Indian entrepreneurs see this as an exciting time for the India-UK trade and economic partnership to be taken to a new level.
Tertiary Students equipped with skills for the job market
news, story, article
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter, Business Insider - Business Insider Singapore
Business Insider - Fewer Chinese tourists and a drop in US exports to China could weigh on the economy.. Read more at businessinsider.sg
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail, Business Insider - Business Insider Singapore
Business Insider - If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.. Read more at businessinsider.sg
10 things you need to know before the opening bell, Business Insider - Business Insider Singapore
Business Insider - This is what traders are talking about.. Read more at businessinsider.sg
SBI profits zooms 41% to ₹5,583 crore in Q3
State Bank of India, on Friday, reported a robust 41 per cent jump in net profit at ₹5,583 crore in the third quarter ended December 31, 2019, along with an improvement in asset quality. The bank sa
Economic Survey: Why erosion of taxpayers’ money in PSBs is a much deeper issue
While the Economic Survey helps in quantifying the loss, it fails to point out the graver issues at hand
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
SK Hynix to make deep capex cut as virus spread threatens chip output
South Korea's SK Hynix , the worlds' No.2 memory chip maker, warned a new virus outbreak in China could pose a threat to chip production and said ...
Investors get bullish after WHO lauds China's coronavirus response
"For now, the market’s risk lights have shifted from flickering on red to a steady shade of amber."
Plug Power - Business Update Call Takeaways - Company Signs Third Anchor Customer
Discussing key takeaways from Thursday's business update call. Company reported FY2019 gross billings at the lower end of the projected range and guided for approximately 27% top-line growth and mater
The pound rises as the UK bids goodbye to the EU — but experts say to brace for a drop of up to 7% if trade talks fail
If the UK ends up back with a so-called hard exit, "we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," one analyst said.
ATA urges the Senate to vote 'no' on the Cash Ban Bill
"Some incredibly insightful individuals testified at the Cash Ban hearing on Thursday. The message was clear: any restriction on cash is an attack on economic freedom. Australians should be allowed to make legal purchases with the legal tender of their choice instead of being forced onto the banking system."
US GDP reverses rout ahead of gap risk
Higher than expected US GDP growth helped turn a European share rout into a US rally overnight. However a weaker inflation component to the national accounts spurred bonds higher. Industrial commodities fell further, and gold held higher ground, in clear signs of concern. Cautious Asia Pacific trading is possible ahead of key event risk over the weekend.
Use big data, AI to detect fraud at PSU banks
Economic Survey proposes setting up of a PSB Network to enable banks to take more informed decisions on credit underwriting.Banking sector must scale up in tandem with the size of the Indian economy to support growth and development, says the Survey
Watch | Highlights of Economic Survey 2019-20
A video on India's Economic Survey 2019-20 which was tabled on January 31, 2020
Suffolk mum to open new high street shop
A brand new eco friendly shop is set to open its doors in a Suffolk market town next month.
‘Rich people own stocks. Poor people own houses’
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web
Economic Survey 2019-20 Tabled in Parliament, Sees Pick up in Growth
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects.
Kevin Greenard: Decline in the value of your cash savings
The average life expectancy for females and males in Canada is 84 and 80, respectively. Many people are living well into their 90’s, resulting in many retirees having to update financial plans . . .
Stage set for gradual recovery in broader markets over next year: Sunil Subramaniam, Sundaram MF
Things are not going to recover right from tomorrow but over the next three to six months, one can definitely see the underpins of an economic recovery, says Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund.
Government must unleash bold reforms to achieve 6-6.5% growth in FY21, say experts, industry
The chamber said as the Economic Survey is a precursor to the Union Budget, it expects some of the bold reforms highlighting trust, entrepreneurship and primacy of the market to be reflected in the Budget announcements. Leader Economic Advisory Services at PwC India Ranen Banerjee said attaining the projected growth rate of 6-6.5% will be challenging.
Household lending grows for third consecutive year - Central Bank
Home lending drove growth in the figures but private sector lending fell
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter
Goldman Sachs warned on Friday that Wuhan coronavirus is likely to hit US economic growth.
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
The British pound is trading slightly higher as Britain gets ready to leave the European Union tonight.
10 things you need to know before the opening bell
Here’s what you need to know before the markets open:
What Farmers Are Reading This Week, January 24-31
This week featured a shake-up in markets that took center stage. Aside from markets, news about the Navigable Waters Protection Rule gained traction after a new definition was released. John Deere, the EPA, and Brazil’s soybean harvest all also popped up in this week’s news. To catch up on last week's hot topics, follow the Successful Farming staff's work in the previous recap.
Indian economy has hit ‘a trough’, hope to achieve 6-6.5% in 2020-’21, says chief economic advisor
The chief economic advisor pointed out that firms that had borrowed a lot of funds between 2008 and 2012 had invested less during the 2013-’17 period.
FINRA’s Executive VP for Regulatory Policy to Retire
FINRA announced this week that its Executive Vice President for Regulatory Policy and Legal Compliance Officer, Tom Selman, will be retiring.
Africa pushes ahead on the world’s largest free-trade zone
The African Union is backing the Africa Continental Free Trade Area.
Oh! GDP grew only 6.1% - not 6.8% - last fiscal, says MOSPI
GDP figures for financial year 2017-18 were also revised downwards to 7 per cent, from 7.17 per cent reported earlier
Oyo cuts staff strength by about 2,000, exits 200 cities as part of restructuring
Oyo claims that although it has slashed a significant workforce, there has been a lot of support that the start-up has given to the employees who have been asked to leave
Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push
Budget 2020: After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country
Budget 2020: PPF limit may increase to Rs 2.5 lakh from Rs 1.5 lakh
Budget 2020: The ministry is also planning to permit tax exemptions of up to Rs 2.5 lakh for savings under Section 80 C (of the Income Tax Act)
Economic Survey 2020: CEA Subramanian sees fiscal slippage in FY20
Subramanian said the country might have hit the trough in growth and expressed his confidence in achieving 6-6.5 per cent growth in fiscal year 2020-21
Budget 2020: Earn less than Rs 10 lakh? Here's what you can expect
Budget 2020: There have been talks about government levying 10% income tax on income above Rs 5 lakh to Rs 10 lakh and 20% for income above Rs 10 lakh to Rs 20 lakh
Budget 2020: Will govt increase investment limit under Section 80C?
Budget 2020: The limit of deduction available under Section 80C is Rs 1.5 lakh. Taxpayers expect FM Sitharaman to increase the limit to Rs 2.5 lakh
Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey
According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average
Economic Survey: IBC reduces resolution time to 340 days from 4.3 years
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets
Eco Survey gives positive outlook for steel, oil and gas sectors: Pradhan
The sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period, it added
Corporation tax cut to benefit 1% firms, SMEs paying lower tax: Eco Survey
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study
Calls for unhindered access to capital for start-ups, govt support in the form of buyback arrangements or schemes to incentivise investors
Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone
In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore
‘Big four’ banks turn into ‘big two’ - VietNamNet
With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.
Govt to spend Rs 25 lakh cr to boost rural economy; over Rs 43K cr disbursed under PM-KISAN scheme
The government has provided over Rs 43,000 crore to more than 8 crore farmers under the PM-KISAN scheme and will spend Rs 25 lakh crore in coming years to boost the rural economy, President Ram Nath Kovind said on Friday.
Pro-business policy critical to achieve $5 trillion economy, says Economic Survey
The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate
Budget Session 2020 Highlights: GDP growth rate for 2018-19 revised downwards to 6.1 per cent
Parliament Budget Session 2020, Economic Survey 2020 Highlights: The Economic Survey 2019-2020, tabled by Finance Minister Nirmala Sitharaman, projected the economic growth of 6 to 6.5 per cent in the fiscal year starting April 1.
OECD warns of ‘concerns’ over US move on digital tax
PARIS, Jan 31 — An alternative proposal by Washington on how to tax digital giants worldwide has been met with “concern” by several nations, the OECD group of free-market economies said today. The push for a so-called “safe harbour” option would essentially render compliance optional,...
Overstock’s tZERO to Launch Broker Dealer in First Half of 2020
Overstock’s blockchain arm tZERO aims to launch a cryptocurrency market broker dealer service in the first half of 2020.
Cott to sell S&D Coffee business for US$405 million
The sale is part of Cott's plan to focus on its water business.
What to look for in earnings season
The savage market reaction to a number of startling share downgrades this week is a reminder that hefty price gains may not reflect earnings prospects.
Reforms must take into account economic wellbeing
As we implement the wave of reforms flowing from the royal commission, it's important to ensure the health of the economic system.
Perth energy firm SSE ‘on course’ to deliver targets
Perth-based energy giant SSE said it expected to meet its full year targets yesterday despite its renewable energy output falling 5% behind forecasts for the first nine months of the year.
Budget 2020: Why focus on wealth creation is good news for Indian economy
The Economic Survey 2019-20 has managed to hit the bullseye by focusing on wealth creation. It now remains to be seen whether the government provides the tools and environment required for the same.
Lavender Economic Survey says growth has bottomed out, pegs GDP for FY21 at 6-6.5%
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
Economic Survey 2020: GDP Growth Projected At 6-6.5 Per Cent In FY21; Growth Resurgence From Second Half Of FY20
The Economic Survey 2019-20 was tabled by Finance Minister Nirmala Sitharaman in the parliament today (31 January). The survey projects the Indian Economy to grow at a rate of 6 to 6.5 per cent in the upcoming Financial Year 2020-21.
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate, Business Insider - Business Insider Singapore
Business Insider - The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.. Read more at businessinsider.sg
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations, Business Insider - Business Insider Singapore
Business Insider - The company previously touted $1 trillion valuations in September 2018 and July 2019, though the milestones were quickly lost as shares tumbled.. Read more at businessinsider.sg
Buzzy primary care company One Medica just popped in its stock market debut after raising $245 million in its IPO, Business Insider - Business Insider Singapore
Business Insider - One Medical is set to start trading Friday under the ticker "ONEM." One Medical was founded on the idea of making it easier to get medical care.. Read more at businessinsider.sg
I visited London's famous Borough Market, and the food was so diverse that supermarkets now seem boring, Business Insider - Business Insider Singapore
Business Insider - It's one of the largest and most famous food markets in Europe, and you might recognize it from films like "Harry Potter and the Prisoner of Azkaban.". Read more at businessinsider.sg
UC Berkeley had to apologize for saying anti-Chinese xenophobia is a 'normal reaction' to the coronavirus, Business Insider - Business Insider Singapore
Business Insider - "Confused and honestly very angry about this Instagram post from an official UC Berkeley Instagram account," one former student said.. Read more at businessinsider.sg
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city, Business Insider - Business Insider Singapore
Business Insider - Ola is a rival to Uber, but shares the same big investor.. Read more at businessinsider.sg
Statistics Canada says GDP edged up 0.1 per cent in November
OTTAWA — Statistics Canada says real gross domestic product edged up 0.1 per cent in November, reversing most of the decline experienced in October.
Non-cash payments under I-T Act: 7 electronic modes get CBDT nod
BHIM, UPI, debit/credit cardsand net banking make the cut
DHFL account classified as ‘red-flagged’ by State Bank of India
State Bank of India has classified the Dewan Housing Finance Corporation Ltd (DHFL) account as a red-flagged account (RFA) and said it would scrutinise the home loan pools purchased from the trouble
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $US3,816,835 in the fourth quarter of 2019, according to a report by the real-estate listing platform, StreetEasy.
Amazon set to blow past a $1 trillion valuation after topping analysts' earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $US1 trillion for the first time since July.
Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate
The price threshold for Manhattan luxury homes fell to $3.8 million at the end of 2019 — the lowest it's been since 2013.
Supreme Court business rates hearing on ATM charges to be heard on Budget day
It comes on March 11, the day the Chancellor will unveil plans to help the high street.
Vrenetic will distribute its livestreaming apps in China
Vrenetic said that it will distribute its livestreaming apps in China as part of an effort to expand its market reach with new Chinese partners.
Understanding ‘Thalinomics’, or the economics of a plate of food in India
Analysing this data, the survey found that since 2015-16, there was a change in the dynamics of ‘thali’ prices.
Top news of the day: Delhi court postpones hanging of Nirbhaya case convicts, Economic Survey pegs GDP growth at 6-6.5% in next fiscal, and more
The major news headlines of the day, and more.
Shoe Zone to close town centre store
A budget shoe retailer is to pull out of a west Suffolk town after reporting a slump in profits last year.
Weekend Reading: 1-2 February 2020
Global Macro / Markets / Investing:
Markets Recoil as Economic Survey Stokes Fiscal Slippage Fears
The 30-share BSE Sensex closed 190.33 points, or 0.47 per cent, lower at 40,723.49. Likewise, the broader NSE Nifty shed 73.70 points, or 0.61 per cent, to finish at 11,962.10.
Govt Revises GDP Growth For 2018-19 to 6.1 Per Cent From 6.8 Per Cent
Earlier in the day, the Economic Survey presented by chief economic advisor (CEA) Krishnamurthy Subramanian projected revival of economic growth to 6-6.5 per cent in the next fiscal starting April 1, 2020.
How are UK businesses coping with Brexit uncertainty?
Two businesses, two very different perspectives on how to cope with the lack of clarity around the EU-UK's future trading relationship.
Amazon shares surge on strong earnings update
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations.
CMA new boss talks tough against issuing profit warnings late
NAIROBI, Kenya, Jan 31 - The Acting Chief Executive of Capital Markets Authority Wycliffe Shamiah has warned companies listed on the Nairobi Securities Kenya breaking news | Kenya news today |
Jakarta stock index slips 1.5 percent as Wuhan virus spreads
The JCI concluded morning trade at 5,966.87 before lunch break, breaking below the 6,000 level for the first time this year.
The pound rises as the UK bids goodbye to EU — but experts say to brace for an up to 7% drop if trade talks falter
"If trade negotiations fail and the UK ends up with a delayed hard exit we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," said one analyst.
India's share in global commercial services exports up at 3.5 per cent
According to the economic survey tabled by finance minister Nirmala Sitaraman, the service sector acounts for 55 per cent of economic growth
Economic Survey calls for USD 1.4 trillion spending on infrastructure
Finance minister notes that investment in infrastructure is necessary, as it affects the overall growth
Retail, residential sectors under reporting season spotlight
Performance of the retail and residential owners and developers will be under the spotlight in the upcoming earnings reporting season.
It's official: too much banking is bad for you
The "financialisation" of an economy can exacerbate inequality, and undermine stability.
Greed, hubris and weak regulation: A year on from the Hayne royal commission, has anything changed?
The banking royal commission was badly needed, but it never went far enough. It was too short, and the terms of reference missed some critical areas.
'Not being used properly': MYOB, Xero look to invoice finance amid supply chain scrutiny
The industry built around speeding up payment times for small business looks set to grow.
Treasury Wine Estates shareholders back company's US presence
Long-term Treasury Wine Estates shareholder Tribeca wants the company to maintain a presence in the US but would like to see its commercial business divested.
Market wrap: all the leasing and sales activity in and around Sydney
Sydney's inner south shines during leasing activity.
Strategic strata moves rattle Melbourne's city grid
In an intriguing start to the year for the CBD strata market, property developer Salta has snapped up a second floor in a seven-storey building on Exhibition Street.
Hong Kong’s disruption is Sydney’s opportunity
Hot Property
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
Amazon set to blow past a $1 trillion valuation after topping analysts’ earnings expectations
Amazon shares tore as much as 11% higher in early Friday trading, pushing the company’s market valuation above $1 trillion for the first time since July.
UC Berkeley had to apologize for saying anti-Chinese xenophobia is a ‘normal reaction’ to the coronavirus
UC Berkley is attracting backlash for calling anti-Chinese xenophobia a “normal reaction” to the Wuhan coronavirus.
Ola, another SoftBank-backed cab startup, will launch in London just as Uber faces being booted from the city
London is getting yet another cab-hailing app.
What a 5-Step Checklist at Johns Hopkins Can Teach You About Life and Business
Often the simplest steps -- ones we repeat all the time -- are an opportunity to slip up and create costly errors.
Austria’s FMA Warns Against Swissinv24 Ltd
Austria's FMA has published a warning on its website this Friday against Swissinv24 Ltd, an alleged provider of trading platforms.
Amazon set to break record for one-day gain in market cap
Amazon could set a new mark for the biggest single-day gain on record for a US company.
US consumer spending cooled last month, core prices picked up
Income growth in the US slowed to 0.2%.
This US-based startup helps acquire new skills at affordable prices; check details
With offices in Bengaluru and the US, Springboard has got 15,000 students in over 100 countries around the globe, of which 80 per cent are in the US
Union Budget 2020: How, When and Where To Watch Live Streaming Of Union Budget
Union Budget 2020: Finance Minister Nirmala Sitharaman is all set to present Budget 2020 in Parliament on Saturday at 11 a.m.
Economic Survey raises more questions than answers for pharma industry
Economic Survey 2019-20: The pharma industry is left in a fix after the Economic Survey 2020 came out today. Here's all you need to know
Core industries output rise 1.3% in December after four months of decline
The growth came on the back of rise in output in coal, fertiliser and refinery products sectors. However, production of crude oil, natural gas, and electricity contracted during December
Planting 1 trillion trees might not actually be a good idea
Scientists are skeptical of the plan
Economic Survey's GDP growth forecast for FY20 wide off projection
It is for the second consecutive time that NSO's GDP estimate is significantly lower than the projection made in the survey prepared by the finance ministry
Economic Survey links infrastructure with social reforms to boost growth
The Survey suggested interlinking electricity supply with health and education
Delhi court revives Aircel-Maxis matter against Chidambaram, Karti
Additional Solicitor General Sanjay Jain, appearing for the agencies sought time to file the report, which was allowed
Non-food credit growth slides to 7% in Dec 19 from 12.8% a year ago
All four categories - agriculture, industry, services and retail - segments showed deceleration in credit growth
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
Pricing Your Apartment in a Slow Market
For sellers with high hopes, the reality of the current market can be deflating.
Economic Survey: Wilful defaulters owe Rs 1.4 trillion to lenders
The Economic Survey, tabled in the parliament on Friday, has revealed that the wilful defaulters owe a whopping sum Rs 1.4 lakh crore. As of 2018, wilful defaulters owed their respective lenders
Economic Survey's Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Thalinomics suggests meal more affordable for common man
The survey states that across India and also the four regions -- North, South, East and West -- it is found that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 though the price has increased in 2019.
Budget 2020: The inclusive growth of the country
Sunil Khosla Head Digital Business, India Transact Services Limited "Considering the current ecosystem in the country, the annual financial budget 2020 is much awaited and expected to relieve most of the financial segments."
Economic Survey 2020 calls for better efficiency at public sector banks
For FY19, PSBs had made a collective loss of Rs 66,000.
GDP growth expected to strongly rebound to 6-6.5% in FY21: Economic Survey
India's economic growth is expected to "strongly rebound" to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms.
Statistics Canada says GDP edged up 0.1 per cent in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
Eaton maintains its B-BBEE Level 1 status
Eaton has maintained its B-BBEE Level 1 status for the third year in a row setting the lead amongst the top power management companies in South Africa.
Explained: What is Economic Survey’s strategy for boosting wealth creation?
Economic Survey reiterates PM Narendra Modi's call for increasing “wealth creators” in the economy.
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
Businessman linked to Sarkozy aide charged in Libya funding probe
A businessman at the heart of an inquiry into alleged Libyan financing of French ex-president Nicolas Sarkozy's 2007 election campaign was charged Friday with bribery, judicial sources said.
Take Profit on USDCAD Long – TDS
Following Friday’s release of the Canadian monthly GDP growth figures, Mazen Issa, Senior FX Strategist at TD Securities (TDS), suggests taking profit
I've been using this eye cream for 5 years and it's the closest thing to a miracle for getting rid of dark circles and depuffing, Business Insider - Business Insider Singapore
Business Insider - This is the best under-eye brightening treatment I've tried. It's been in my skin-care routine for 5 years, and I recommend it to everyone.. Read more at businessinsider.sg
Delta's credit card revamp makes its cards better than ever, and you can earn up to 100,000 miles with the current welcome bonuses — but only until April 1, Business Insider - Business Insider Singapore
Business Insider - Delta revamped its lineup of co-branded Amex credit cards, and you can currently earn up to 100,000 miles with the limited-time welcome bonuses.. Read more at businessinsider.sg
Pizza Hut is giving away 2 years of free pizza and Super Bowl tickets to the first set of twins born after this year's Super Bowl kickoff, Business Insider - Business Insider Singapore
Business Insider - Pizza Hut is gifting the winning family with free pizza, two tickets to next year's Super Bowl, and $22,000 towards the twins' education.. Read more at businessinsider.sg
9 business moguls on how to break into a new industry and make it to the top, Business Insider - Business Insider Singapore
Business Insider - "I lost about $20,000 until I turned a corner. I didn't change anything or get smarter — I just got better by showing up every day.". Read more at businessinsider.sg
A labor attorney explains the work rules around getting sick in the office, whether you're facing a small cold or the coronavirus, Business Insider - Business Insider Singapore
Business Insider - Generally, an employer can require a sick employee to leave work — but those employees won't always be required to get paid.. Read more at businessinsider.sg
What patients hope to hear from the Finance Minister
High on the aam aadmi’s Budget hopes is some govt help to meet treatment costs
A little-known trucking company surges nearly 58% after Volkswagen makes a surprise offer to buy
Hardly a household name, truck manufacturer Navistar’s stock rose to sudden popularity Thursday, continuing into Friday’s pre-market trading. Shares surged as much as 57.7% Friday after Volkswagen’s trucking arm, Traton, made an unsolicited offer to buy the company for $US2.9 billion, or $US35 per share, Thursday. Volkswagen, which already owns a 16.76% stake in Navistar, said it would pay entirely in cash. The two companies are some of the biggest in the truck-making industry. But to make the acquisition, Volkswagen will have to get the blessing of activist investor Carl Icahn: The billionaire’s fund owns about 17% of Navistar’s outstanding stock, making Icahn Navistar’s single largest shareholder. The offer comes at a time when the broader trucking manufacturing industry is in a slump, with new orders in decline, The Wall Street Journal previously reported. In its most recent earnings, Navistar’s fourth quarter revenue declined versus the year prior. The stock started the year sliding downwards after it trailed…
Nintendo says no new Switch in 2020
Japanese gaming giant Nintendo said Friday there would be no fresh model of its hot-selling Switch console this year, dashing the hopes of fans ...
Swiping their way higher: Visa, Mastercard could be the next US$1 trillion companies
Tech and internet titans were the first to reach US$1 trillion in stock market value, but the next U.S. companies that could do so are better ...
China banks borrow from SARS playbook in preparation for market reopening
SHANGHAI: Chinese financial firms will deploy measures used during the SARS outbreak nearly two decades ago to combat the new virus when markets ...
Invest or develop at the heart of Dunedin’s university precinct - Colliers
A superbly located property at the heart of Dunedin’s university precinct is for sale with vacant possession, providing multiple options for developers or add-value investors.
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
Canada’s economy bucks forecasts, posts surprise gain
Statistics Canada says GDP grew by 0.1 per cent in November despite impact of rail strike, pipeline disruption; economists had expected no increase for the month
Market movers: Stocks that saw action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
Ukraine court puts freeze on Ferrexpo unit's shareholding – media
Ferrexpo's operations remain unaffected and continue as normal.
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency
Lucrative speaking circuit helps David Cameron bank £836,000 profit in a year
Former prime minister Theresa May also earned close to £400,000 in the month of December alone through speaking engagements.
Core Sector Growth Recovers To 1.3% In December
The growth was, however, lower than 2.1 percent recorded in December 2018.
Nairobi-based lobby urges Treasury to rescind decision on implementation of turnover tax
NAIROBI, Kenya, Jan 31 – A Nairobi based lobby group representing small traders has appealed to the Ministry of Treasury to halt the implementation of the Kenya breaking news | Kenya news today |
HUL reshuffles top management team
Prabha Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care, the FMCG major said in a statement. Nair will take over from Sandeep Kohli, who will relocate to Dubai as VP – Beauty & Personal Care for our North Africa, Middle East, Turkey and Russia markets, it added.
Survey suggests scrapping of 'anachronistic' Essential Commodites Act 1955
"As the conviction rate, however, is abysmally low and raids have no impact on prices, the ECA only seems to enable rent-seeking and harassment. The Survey provides clear evidence that the case for jettisoning this anachronistic legislation is strong," the document said.
India on track to meet NDC goals under Paris Agreement: Survey
Swachh Bharat Mission (Urban) was launched in 2014 with twin objectives of ensuring 100 per cent scientific solid waste management and making urban India open defecation free (ODF) to achieve total environmental improvement, the Finance Ministry said in a release.
Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
The corporate tax cut announced by FM last Sept will benefit less than 1 pc of firms, as per Economic Survey.
Global thermal coal prices to fall following coronavirus outburst in China
Thermal coal imports into China are also likely to slow for a time. Already there are reports of Indonesian coal producers being asked to delay loadings. As the largest supplier of coal to China, Indonesia has the most to lose if the situation worsens and electricity demand weakens.
Insolvency law reduces resolution time for stressed assets to 340 days: Economic Survey
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets. The survey, tabled in the Parliament on Friday, also said resolution under the Code has been much higher as compared to other processes.
Slowdown bottomed out, GDP expected to grow at 6.5 per cent: Chief Economic Adviser
The Economic Survey has projected the GDP to expand by 6-6.5 per cent
A labor attorney explains the work rules around getting sick in the office, whether you’re facing a small cold or the coronavirus
With the outbreak of coronavirus dominating headlines, it is a great time to dust off the company policy on dealing with flu season and infectious diseases in the workplace. Contagious diseases are particularly troublesome subjects for companies, as there’s a wide variety of circumstances and cultures on the wisdom of working through a sickness. Some managers reward employees who “tough it out” and show up under the weather, while other company cultures encourage sick employees to work from home or stay away altogether.
9 business moguls on how to break into a new industry and make it to the top
Looking to blaze into a new industry? We asked some of the world’s smartest business people and Advisors in The Oracles for their best tips for breaking into a new field, from tech to real estate to day trading.
Wars and viruses: Are robots less prone to market panic?
LONDON (Reuters) - Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
Credit rating agency S&P expected to keep Turkey's outlook unchanged
The U.S.-based international credit rating agency Standard & Poor's S&P is expected to keep Turkey's credit ratings and the overall outlook...
Turkey, Lithuania ink economic protocol for greater trade, investment ties
Turkey and Lithuania on Friday signed a protocol for the Economic and Trade Committee JETCO that will pave the way for further expansion of bilateral...
Turkey's 2-year benchmark bond yield drops to single digits
The two-year benchmark bond yield has fallen to single digits for the first time since November 2016
CBOT Trends - Corn, soybeans, wheat steady-down 2 cents per bushel
CHICAGO, Jan 31 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.WHEAT - Steady to down 2 cents per bushel* Wheat futures mostly lower on risk-off trading ahead of the weekend.* Most-active CBOT March soft red winter wheat futures contract hit resistance at its 20-day moving average during overnight trading session. Consolidation was noted at the 30-day moving average.
Upmarket Mistake: Mercedes-Benz X-Class Ends Production in May
After a short and troubled life, a Mercedes-Benz pickup that's mostly a Nissan will cease to exist come May.
How the Japanese Word 'Ikigai' Can Help Your Business Be More Successful
These Japanese islanders have a long tradition of finding the secret to a successful life. And businesses can use the same idea to find their niche.
Economic Survey maintains $5 trillion aim, but can’t avoid references to Great Indian Slowdown
The annual document barely seems to acknowledge that the Indian economy is in the doldrums.
Coronavirus Outbreak Sends European Stock Markets Into Tailspin
On Monday, US stocks posted their biggest downturn since October 2019 due to fears of the economic impacts of the new SARS-related virus that recently emerged in central China.
Tongaat shares back to JSE trading on Monday
It suspended trading on June 10 after revelations of accounting irregularities that saw its share plummet some 75% last year.
Caterpillar’s 2020 outlook adds more gloom to virus-shaken markets
The outlook signals headwinds for machine sales, which fell the most in nearly three years in December.
Cosatu to present R254bn Eskom rescue plan
The plan could reduce Eskom's debt by more than half.
Market watch: KSE-100 falls 273 points owing to global sell-off
Benchmark index decreases 0.65% to settle at 41,630.93
Budget 2020: How FM Nirmala Sitharaman's fiscal deficit math is likely to move Sensex, Nifty on Feb 1
Budget 2020: An increase in fiscal deficit target in view of the ongoing economic slowdown may not negatively impact the market since elevated level of expenditure is expected to result in higher demand in Indian economy
Economic Survey 2020 Details 'slump In 2019' But Predicts 'rebound To Achieve $5 Trillion'
A day before the Union Budget is presented, CEA Krishnamurthy Subramanian on Friday, presented the Economic Survey 2020 which spoke of how difficult 2019 was
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
Economic Survey sources data from Wikipedia, other private entities
Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation
Economic Survey: Building blocks for 'wealth creation' and $5-trn economy
Here is a snapshot of some of the 'new ideas' for the economy that the Survey focuses on
Crystal gazing the budget announcements from Economic Survey
Here's what to expect in the budget on Saturday or by way of policy pronouncements subsequent to the budget
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
Economic Survey: India skids on ranking for protecting minority shareholders
The economic survey also patted the back of the government, stating that implementation of Goods and Services Tax (GST) has helped India in improving the ease of doing business.
Pre Budget Expectations by HDFC Securities
HDFC Securities The Govt needs to give a serious push to improve the business environment.
Delhi Police ask for 45 documents for opening restaurant, only 19 for a gun: Economic Survey
Delhi Police ask for as many as 45 documents before giving its clearance for opening an eatery in the national capital as gainst only 19 to buy a gun, the Economic Survey said on Friday while making a case for doing away with unnecessary controls.
1g salt and 0.2g turmeric: Economic Survey 2020's Thalinomics for adult male engaged in heavy work
The Thalinomics is a novel addition to the Economic Survey 2020, which has calculated the affordability of a one-plate meal in relation to "an adult male engaged in heavy work". "We have taken the
Enbridge faces regulators in Canada, U.S. over plans to expand oil pipeline network
Enbridge faces off with regulators in Minnesota over Line 3 just as it grapples with complaints over changes to overhaul its Mainline
Canada not rushing to post-Brexit deal with Britain, as business urges calm
Prime Minister Justin Trudeau says he is confident that Britain's exit from the European Union later today will be an orderly process with minimal disruption to Canadian trade and investment.
US stocks fall amid virus fears despite Amazon surge
NEW YORK, Jan 31 — Wall Street stocks dropped early today amid worries over the coronavirus outbreak and despite a blowout Amazon earnings report that lifted the e-commerce giant’s value back above US$1 trillion (RM4.1 trillion). Britain confirmed its first cases of the virus, the US upgraded...
Consumer Sentiment Jumps Higher
Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation. | Economy
Lcal digital spending to grow 2.7 times in a market worth US$9.1 bil locally
KUALA LUMPUR: Digital spending in Malaysia is expected to grow 2.7 times in 2025 in a market estimated to be worth US$9.1 billion.
Report: Family farm bankruptcies jumped 20% in 2019
2019 was a tough year for American farmers. U.S. farm bankruptcies jumped 20 percent last year.
Manage buy-to-rent risks
The current buyers’ market offers a good opportunity for investors looking for properties to rent out, especially with the prospect of a potential rental-growth recovery in the latter part of 2020.
Economic Survey sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
Economic Survey Bats For Market Economy, Shows How Government’s Intervention Can Do More Harm Than Good
The Indian state is not only involved in running businesses but also intervenes in markets quite frequently.
‘Need For Wealth Creation’: Lessons From Thirukkural, Arthashastra And Ten New Ideas In Economic Survey 2020
‘Since the wealth cannot be distributed unless created, the wealth creators are India’s wealth’
NLA gets new office complex in Volta Region
news, story, article
Good start, companies — now keep raising wages!, Business Insider - Business Insider Singapore
Business Insider - We've been heading toward a "Better Capitalism," but if we're going to fix the American economy, companies need to keep raising wages.. Read more at businessinsider.sg
Rihanna is the world's richest female musician — from yachting trips on the French Riviera to a staff that includes a chef and personal trainers, see how she spends her $600 million fortune, Business Insider - Business Insider Singapore
Business Insider - While Rihanna is known to spend lavishly on beauty, fashion, and accessories, her favorite way to spend her fortune is on others.. Read more at businessinsider.sg
This pilot influencer is giving her more than 500,000 Instagram followers an inside look at the world of aviation, Business Insider - Business Insider Singapore
Business Insider - The pilot influencer offers a candid look at the perks and difficulties of life as a short haul pilot in Europe.. Read more at businessinsider.sg
How to improve crop insurance coverage
The Pradhan Mantri Fasal Bima Yojana must undergo a cost-benefit audit and be updated to allow for income stabilisation for farmers
Economic Survey advocates further ‘economic freedom’
While it does makes a case for further reform, it falls short on prescriptions and sector-specific insights
Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
American shoppers continued to serve as the engine of the US economy through volatile times last year, fuelling growth even as a global cooldown and trade tensions clouded the outlook. But there are signs that households are starting to pull back on spending.
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Elon Musk is starting to resemble a 'quiet assassin' as the short-seller argument about Tesla disintegrates, an expert says
Tesla has an edge over other automakers in battery technology, charging infrastructure, and autonomous-driving technology, Gene Munster said.
The Co-operative Bank accredited as a living wage employer
The Co-operative Bank has become an accredited Living Wage employer.
Satellite connectivity drives Comtech acquisition of Gilat
Comtech Telecommunications is buying Gilat Satellite Networks for $532.5m, it has been announced.
Nordea Appoints Virgin Money’s Ian Smith As New CFO & Head of Group Finance
Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money's CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior positions as a banking audit partner and later as Financial Services M&A leader at Deloitte. He also previously served as Director of Group Finance at Lloyds Banking Group plc and
Osinbajo, LCCI discuss economy, Apapa gridlock, others
The Vice-President, Prof. Yemi Osinbajo, on Friday received a delegation of the Lagos Chamber of Commerce and Industry (LCCI), led by its President, Mrs Toki Mabogunje at the Presidential Villa in Abuja.
View: Public sector bank network, a good idea
It is vital for India to swiftly enact the law on data protection, given the kind of data sharing that has been envisaged in the PSBN.
Tech Mahindra to pick 70% stake in Cerium Systems
The cash transaction is expected to close by April 1, 2020.
ITI further extends FPO to Feb 5; issue subscribed 58% so far
Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
Trade setup for Budget day: Nifty has strong support at 11,900, 11,850
On the upside, NSE Nifty has resistance at 12,125 and 12,200 levels.
Good start, companies — now keep raising wages!
About a decade ago, when I started writing about how companies should strive to create value for stakeholders, not just shareholders, some of my business and finance friends thought I was nuts.
Conspiracy theorists are telling people to drink a dangerous bleach solution to cure or prevent coronavirus
As new cases of the Wuhan coronavirus are reported across the globe, online bootleggers are cashing in on another opportunity to sell a dangerous bleach cocktail that they claim can cure malaria, cancer, the flu, and even autism. Now proponents are claiming the chlorine dioxide treatment can also cure or protect against the coronavirus.
Samsung may have accidentally revealed when its upcoming Galaxy S20 smartphone will launch
Samsung is widely expected to announce its next major smartphone, rumored to be called the Galaxy S20, at its event on February 11.
This pilot influencer is giving her more than 500,000 Instagram followers an inside look at the world of aviation
Maria Fagerström is a pilot and Instagram influencer from Sweden who shares her exciting life with her more than 500,000 followers.
10 of the most overpriced items at airports you should never buy
Every frequent flyer knows that when it comes to the airport, it’s best to keep your wallet safely tucked away in order to avoid overspending.
Luxury brand sales on Las Vegas Strip driven by tourists, millennials
Luxury labels are itching to grow their retail presence in Las Vegas as big spenders among tourists and millennials propel the luxury retail market.
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
ITC Q3 net profit grows 29% to Rs 4,048 crore
Net sales increased 5.71 per cent during the December quarter this fiscal to Rs 13,220.30 crore, as opposed to Rs 12,506.05 crore in the corresponding period a year ago
Panic in markets: If Coronavirus is not tamed, trade with China may slump
The real impact of trade can be gauged after February 8 when the Chinese New Year holidays end
ITC Q3 pre-tax profit rises 4.5% to Rs 5049 cr on hotels, agro businesses
The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments
Economic Survey: Take a cue from China to create 40 million jobs by 2025
Economic Survey: Take a cue from China to create 40 million jobs by 2025 Survey suggests integration of Assembling in India into Make in India
30 years later, Economic Survey lays down the ground for Liberalisation 2.0
Embracing capitalism in a new avatar
Economic Survey backs Temasek-like model proposed for divestment
Survey recommends transferring stake of listed govt firms to a corporate entity
Here are a few nuggets from Economic Survey in order to prevent frauds
Financial services exports have remained stagnant, averaging about $5 billion in recent years
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
Stocks decline as coronavirus keeps traders on edge
Stocks fell broadly Friday, the final day of the month, as traders tried to assess the potential economic impact of China’s fast-spreading coronavirus while weighing earnings from Caterpillar and Amazon.
Pensioner demands R37K refund after builder 'ran away with money'
A Lotus River pensioner is demanding her money back after a builder allegedly “ran away” with her money.
For start-up ecosystem to flourish, liquidity is the need of the hour
Tanuj Choudhry, Chief Business Officer, HomeLane India’s economic growth has been sluggish over the last few years and the impact has been concerning.
Economic Survey: India now global leader in monthly data consumption
For the quarter ending June 2019, the price of data was 7.7 per GB as compared to 200 per GB in June 2016. The Average Revenue Per User (ARPU) for GSM-based mobile services has also gone down substantially from 126 in June 2016 to 74.30 in June 2019, said the survey.
Uptick in retail prices in FY20 mainly on veggies, pulses: Economic Survey
Consumer price inflation has been witnessing moderation since 2014, however, there has been an "uptick" in the prices of food items, particularly vegetables, owing to output disruptions and low base
Economic slowdown bottomed out, uptick from here onwards: CEA K V Subramanian after Economic Survey
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
FP Dealmakers: Foreign firms gobbled up record number of Canadian companies in 2019
A number of Canadian companies were bought out by rivals or private equity firms last year
How Political Changes Could Impact Walmart Stock
With a high forward P/E, Walmart stock is priced for perfection. Watch out for political changes this year, which may impact shares.
Thalinomics in times of rising prices: Veg, non-veg thalis more affordable, says Eco Survey
Calling it 'Thalinomics', Krishnamurthy V Subramanian compared price of standard veg and non-veg meal plates across the country to say that affordability as a factor of daily wage has improved overtime, indicating improved welfare of the common person.
Economic Survey sources data from Wikipedia, other private entities
The Survey is also marked by quotes from Shrimad Bhagavad Gita, Rig Veda, Adam Smith's 'An Inquiry into the Nature and Causes of the Wealth of Nations', Kautilya's Arthashastra, and Tamil saint and philosopher Thiruvalluvar's treatise The Thirukural.
Abdul Jalil succeeds Hamzah Bakar as Sapura Energy's chairman
KUALA LUMPUR: Sapura Energy Bhd has appointed Abdul Jalil Abdul Rasheed as its non-independent non-executive chairman, succeeding Datuk Hamzah Bakar, effective February 1.
Digital companies, liable to tax under new Finance Act — Osinbajo
Vice President, Yemi Osinbajo says multinational digital companies operating abroad with significant economic presence in Nigeria will be sub
Q&A: Why AI is going to become more mainstream for business
The CEO of Yellowfin (BI analytics company) explains that although the adoption of analytics is still low amongst businesses, companies like Yellowfin are helping leaders think differently and make transformational value and change through data.
Economic Survey 2020 Brings Out ‘Thalinomics’ To Quantify What A Common Man Pays For Thali Across India
Thalinomics attempts to answer whether a thali has become more or less affordable.
Economic Survey: ‘Thalinomics’ Reveals How The Cost Of Your Thali Has Come Down Since 2015-16
How the common man’s food affordability has improved since 2015-16.
Survey trusts free markets to create wealth
CEA Krishnamurthy Subramanian suggests many micro solutions for macro problems
Training institutes for drivers, fleet modernisation are need of the hour, says Bhaskar Rao
Bhaskar Rao, Commissioner of Police, Bengaluru City, has said that each State in the country needs a high-quality driver training institute. Delivering his keynote address at ‘Road Ahead’ for the tran
Wipro: A new CEO should go beyond the tried and tested
Wipro on Friday said its CEO & MD has resigned from the company citing family commitments. A statement from the company said the Board of Directors has initiated a search to identify the next
Need new mechanism for revising fuel prices: South India Motor Transport Association
A revision once in three/six months can lift the mood of the transport sector that is battling many challenges, says SIMTA
Privatisation pitch: BPCL’s short-term price rally not a convincing argument
What really matters for long-term wealth creation is true reforms and free market
‘Buying a gun easier than opening a restaurant in Delhi: Chief Economic Advisor’
Analogy given by Chief Economic Advisor for improving the ease of doing business in India
Does Sensex really mirror the economy?
Change in index constituents also influenced by trading volume, market capitalisation
You can buy a flight from Hong Kong to New York for $201. The catch? You have to stop in Wuhan for 6 hours.
A Chinese airline is offering travellers a rare deal – a flight from Hong Kong to New York for $US200.
American optimism toward economy surges to 9-month high as job market hums
American households were more optimistic about the economy this month as a historically strong labour market helped offset a wave of potential concerns, including the impeachment trial of President Donald Trump and developments abroad.
Scots islanders share £3million postcode lottery prize with two from isle with population of 140 scooping £190,000
OVER 100 lucky Scots islanders shared a £3million postcode lottery jackpot today, including winners from an isle of just 140 people. Two neighbours from tiny Berneray scooped £193,055 each when HS6…
Economic Survey 2019-20 sources data from Wikipedia, other private entities
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.Besides Wikipedia, the Survey has also relied on data from other private
Economic Survey 2019-20: India can chart China-like export trajectory
It calls for integrating ‘Assemble in India for the world’ into Make-in-India
Economic Survey 2019-20: GDP data accuracy story
The Economic Survey also added that since 10% increase in new firm creation increases district-level GDP growth by 1.8%.
Is 2020 set to be the year for farmers to act or to take stock?
East Anglian farmers wanting to buy or sell land should
Extreme Volatility Inbound: Why Today Is Critical For the Crypto Market
The crypto market has risen over 40% since the start of 2020, thanks to gains from Bitcoin, Ethereum, XRP, and other altcoins.
Buyer Payments And Seller Payouts In A Changing Sharing Economy
Here's a look at the evolution of buyer payments and seller payouts in the changing sharing economy.
Outflows lead to restrictions on Aviva property funds
Investors in two Aviva Life and Pensions commercial property funds have been told they cannot withdraw their money for six months because of recent net outflows.
CCI dismisses complaint against Naspers-owned PayU Payments, Wibmo
The Competition Commission of India has dismissed allegations of unfair business practices against PayU Payments and Wibmo. It was alleged that PayU has intentionally foreclosed the market for other competitors by denying them proper access to Wibmo in the downstream market and has substantially created entry barriers for new market players.
'Feel good' Budget may see cut in tax rate, sops for social sectors
FM is expected to pull out all stops to spur demand and investment, govt sources and economists said.
UN Urges Int'l Community to Rebuild Sudan Economy
A top UN official has warned that the international community would "pay a terrible price" if it fails to help rebuild Sudan's dilapidated economy as the African country transitions to civilian rule. "The story of Sudan in year 2020 is not the story
The outbreaks of both the Wuhan coronavirus and SARS likely started in Chinese wet markets. Photos show what the markets look like.
The Wuhan coronavirus outbreak likely started in a Chinese wet market, where livestock and poultry are sold alongside animals like dogs and civets.
Letter of the Day: Income guarantees save money, lives
A guaranteed livable income gives everyone the ability to afford a place to live and purchase adequate groceries, writes Maria Rose Lewans.
Dunne seeking US injunction against son, court hears
Developer seeking to prevent son accessing €14m from sale of Walford
Entry screening not yet on cards for Irish airports as coronavirus spreads
Low level of exposure to Chinese tourists in Ireland, tourism bosses say
Northern farmers ask Johnson for £300m to replace CAP payments
Estimates suggest that the majority of farmers rely on EU payments for at least 60% of farm income
Sean Dunne initiates New York injunction proceedings against son
Dunne seeking to restrain son John Dunne from using funds held Cypriot firm
Your business week: Halo Business Angel Network, SFA Business Connect 2020
Expert insight on hand from conference in Co Wicklow organised by Enterprise Ireland
I’ve talked to many world leaders. Queen Elizabeth II was the best at the art of conversation — here’s why.
I have had the privilege of conversing with a number of the world’s great leaders.
LVMH banked $59 billion in revenue last year — here are 17 of the most iconic brands the French luxury giant owns
LVMH remains the world’s largest luxury goods conglomerate, with revenue reaching $59 billion last year, as reported by Chantal Fernandez at Business of Fashion. Fashion and leather good sales reached $24.5 billion, which is up 17% year-over-year. Across all sectors, the company’s total revenue was up 10% year-over-year.
Delta just suspended China flights for longer than any other airline, a red flag as the unprecedented coronavirus wreaks havoc on the airline industry
Delta Air Lines said on Friday that it was suspending all its flights to China, becoming the first US airline to suspend all its routes to the country.
GRAINS-Soybeans extend losing streak on coronavirus fears; corn firm, wheat weak
(Recasts, updates with U.S. trading, adds new analyst quote, changes byline/dateline; pvs PARIS/SYDNEY)By Mark WeinraubCHICAGO, Jan 31 (Reuters) - Chicago Board of Trade soybean futures fell on Friday, on track for their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said.
Luxembourg’s Regulator Warns on False Regulation of Crypto Bull
The Commission de Surveillance du Secteur Financier (CSSF) warned that a firm claiming to be authorized under the name Crypto Bull is in fact not licensed to carry out business from within its jurisdiction.
Economic Survey 2020 stresses on Assembled-in-India
The Survey states that by integrating "Assemble in India for the world" into Make in India, India can generate 4 crores well-paid jobs by 2025 and 8 crores by 2030
Economic Survey 2020: 60% women in world's fastest growing economy do housework
Women's participation in labour force reduced to 25.3 per cent in 2017-18 from 33.1 per cent in 2011-12, Economic Survey found
Union Budget 2020: Economic Survey Introduces 'Thalinomics'; Here Is What It Entails
Dubbed as an attempt to quantify what a common person pays for a Thali, a new concept called ‘Thalinomics’ has been introduced in Economic Survey 2019-20.
Ease of doing business: How India moved up the ranks and the road ahead
Economic survey 2019-20: The new blueprint
Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified
The Survey places primary blame for the slowdown on global factors, saying 'the deceleration of India's GDP growth since 2017 has tracked the decline in world output'
HUL volume growth surprises, profit before tax up 14% in December quarter
The company's volume growth is also ahead of the overall FMCG sector's
Privatised CPSEs reported better profit, sales after transition: Economic Survey
Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
Consequential train accidents decreased in 2018-19: Economic Survey
Stating that steps are being taken on a regular basis to prevent rail accidents, the Economic Survey on Friday said consequential train accidents registered a decline in 2018-19.
If you don’t want to work under anyone, don’t call me to borrow money – Helen Paul
Comedienne, Helen Paul, has stated that if a person is not ready to work under anyone, he/she should not bother to borrow money from her. According to her, she also works under people, who work under
Bid to capture industry’s action on climate crisis
A new project aims to help the Scottish farming industry accurately record and measure the positive steps it is taking to tackle climate change by sequestering carbon.
It's easier to buy a gun in Delhi than to set up a restaurant: Economic Survey
"Although India has significantly reduced the time and cost of starting a business, a lot more needs to be done," it said.
GCB Bank unveils first G-Money Mobile Wallet
news, story, article
Bank of Ghana keeps policy rate unchanged at 16 percent
news, story, article
A full price breakdown for ESPN's streaming service, ESPN+ — here's everything you need to know, Business Insider - Business Insider Singapore
Business Insider - Here's a full breakdown of how much the ESPN+ streaming service costs along with pricing packages and promotions.. Read more at businessinsider.sg
NSE: All-Share Index closes trading for January at 28,843.53
The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.
What it's like inside the booze-free NYC bars that charge $13 for nonalcoholic cocktails
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Neemuchwala quits Wipro, analysts say it’s good for tech giant
‘His tenure was fraught with struggles’
Vedanta profit rises 49% to ₹2,348 crore
Revenue, however, drops 10% to to ₹21,126 crore
Economic Survey 2020: India has low rates of formal entrepreneurship
Large number of enterprises operate in informal economy not captured by data
Processes of exports, imports at KIA have improved vastly: Economic Survey
‘This is after implementation of authorised economic operators policy in 2016’
Economic Survey 2019-20: Food inflation higher in urban areas
Economic Survey moots tighter monetary policy in case of food, fuel price shock
Tech Mahindra profit dips 5% to ₹1,146 cr.
Firm’s revenue, however, rises 8% to ₹9,655 crore
Economic Survey 2020 pitches divestment in public sector undertakings
Economic Survey says public sector units performed better than peers after privatisation
Bank of India posts profit, scrip up 3%
The State-owned lender had posted a net loss of ₹4,643.71 crore in the year-earlier period.
Fresh hope for future of football club ground near A14
Proposals to secure the future of Stowmarket Football Club's ground - and unlock major funding from the FA - are to be considered by a Suffolk council.
After 38 years, Island Bakery shuts off ovens
A family owned and operated commercial bakery that supplied bread to tens of thousands on the Island for 38 years has shut down its ovens.Island Bakery, which started life on Tennyson Avenue in . . .
The Wuhan coronavirus seems to have a low fatality rate, and most patients make full recoveries. Experts reveal why it's causing panic anyway.
The coronavirus outbreak that originated in China is sparking fear, distrust, and xenophobia around the world.
You can buy a flight from Hong Kong to New York for $201. The catch? You have to stop in Wuhan for 6 hours.
Wuhan, a city in central China, is at the epicenter of a global coronavirus outbreak that has infected almost 10,000 people and killed over 200.
Eurozone economic growth in 2019 was slowest in 6 years
Jan. 31 (UPI) -- Economic growth last year for the eurozone was the lowest it's been in six years, mainly hampered by slowdowns in France and Italy, the European Commission said Friday.
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Recession fears and how to combat them in 2020
The fear of not being able to pay for necessities is likely tied to the fear of an increased cost of living, so cutting your ongoing monthly spending is a good place to start.
New green dawn: Advocates hope ACT's cannabis laws pave way for open market
Advocates have welcomed Canberra's contentious new cannabis regime, hoping it sparks a broader public discussion about drug law reform and paves the way for a...
DOMO Chemicals completes acquisition of Solvay’s European polyamides business
DOMO Chemicals (Ghent, Belgium; www.domochemicals.com) has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. This Business i