Economy 346
Zambia banks reap record profits from government debt
Stanbic posted a profit before tax and costs of 1.72bn kwacha last year.
Rand firmer after Ramaphosa’s speech
The rand was subdued following the delay caused by the EFF.
CCI defends probe against Amazon; says company's claim unfounded
CCI counsel told Karnataka High Court that law gave the commission full jurisdiction to investigate Amazon for potential anti-competitive activity
Reliance Jio, Airtel and Vodafone's yearly prepaid plans will help you save money: Here's how
Despite the price hike in December, the companies have not lessened the benefits and it has only gotten better.
IndusInd Bank hits over 3-year low; tumbles 11% in six sessions
The private sector lender's stock was trading at its lowest level since January 10, 2017
Bitcoin Mining Stock Surges as Chinese Economy Falters
The economic fallout from the Coronavirus is starting to be felt across the world. China’s economy has been the hardest hit but contrary to wider market
Singapore PM says recession possible due to coronavirus outbreak
SINGAPORE — Singapore’s economy could enter recession due to the blow from the coronavirus outbreak, its prime minister said on Friday, adding that the city-state was bracing for a “significant” hit in the coming quarters.
Take a walk into the past – or into the future – with thrilling Bangkok Design Week
The Nation / ANN It’s bigger, better, more interesting and extra exciting. The third edition of Bangkok Design Week, ongoing until this Sunday (February 9), has expanded to three more areas – Samyan, Thonglor-Ekkamai and Ari-Pradipat in addition to the main Charoenkrung-Talad Noi – and features unseen places and compelling experiences coupled with mesmerising pieces of creative design.
Cleanliness of wet markets only at 40pc, says minister
PASIR PUTEH, Feb 14 — The cleanliness level of most wet markets in Malaysia hovers around 40 per cent, said Housing and Local Government Minister Zuraida Kamaruddin. In view of this, she called on traders and customers to change their attitude and habits, especially...
RBS profit surges, as bank’s new CEO sets climate goal
LONDON, Feb 14 — Royal Bank of Scotland today said its net profit almost doubled last year to £3.1 billion, as new chief executive Alison Rose placed climate at the top of her agenda. Rose said in the earnings statement that she planned also to roughly halve the size of the Edinburgh-based...
Hawks swoop on Mpumalanga businessman for allegedly trying to bribe cop over his impounded car
The Hawks have arrested a prominent Middelburg businessman after he allegedly tried to bribe a police officer to release his impounded vehicle.
The 5 Best Finance Apps For Your Phone
The Fintech revolution is upon us. A product of technological developments pushing financial services into the next (or, arguably, the current) realm, ‘Fintech’ has spawned countless apps, websites, services and solutions, many of which are aimed at improving the financial life of consumers who have previously...
Cashed up super funds hunt for buying opportunities
Unisuper and Hostplus say they are sitting on elevated piles of cash and any major sell-off in equity markets sparked by the coronavirus will come as a buying opportunity.
Coronavirus: India Inc will shiver if China can't contain outbreak
Efforts to contain the coronavirus outbreak within next three to four months will be critical as it would determine the fate of many industries around the globe, including in India.
Open to bringing tweaks to budget and take steps beyond it, says FM Nirmala Sitharaman
Experts tell the Finance Minister that a Budget proposal could affect the demand for REITs and InvITs in India
'Almost a mass psychosis': Tesla's 250% stock rally makes no sense, Bob Lutz says
Bob Lutz has no idea why Tesla stock has rocketed more than 250% in six months.
Mike Ashley’s Frasers Group adds name to business rates letter
More than 50 retailers wrote to the Chancellor this week demanding changes to transitional relief.
Mike Ashley's Frasers Group joins calls for business rates reform
Mike Ashley's Frasers Group has said that with the British high street on "life support" the Treasury must take action on business rates reform.
ASOS PLC/ADR (OTCMKTS:ASOMY) Lifted to “Buy” at Berenberg Bank
Berenberg Bank upgraded shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a hold rating to a buy rating in a research report released on Monday, The Fly reports. A number of other research firms also recently issued reports on ASOMY. ValuEngine downgraded shares of ASOS PLC/ADR from a buy rating to a hold rating in a report […]
Rational (FRA:RAA) PT Set at €670.00 by Bankhaus Lampe
Bankhaus Lampe set a €670.00 ($779.07) price objective on Rational (FRA:RAA) in a research report report published on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock. A number of other analysts have also recently commented on RAA. Hauck & Aufhaeuser set a €625.00 ($726.74) price target on shares of […]
Burberry Group (LON:BRBY) PT Lowered to GBX 2,600 at Credit Suisse Group
Burberry Group (LON:BRBY) had its target price reduced by Credit Suisse Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) in a report issued on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock. A number of other equities research analysts also recently weighed in on the stock. Deutsche […]
Basf (ETR:BAS) Given a €68.00 Price Target at UBS Group
UBS Group set a €68.00 ($79.07) target price on Basf (ETR:BAS) in a report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock. BAS has been the topic of a number of other research reports. Credit Suisse Group set a €66.50 ($77.33) price objective […]
Analyzing Piper Sandler Companies (PIPR) & Its Competitors
Piper Sandler Companies (NYSE: PIPR) is one of 36 publicly-traded companies in the “Security brokers & dealers” industry, but how does it contrast to its competitors? We will compare Piper Sandler Companies to similar companies based on the strength of its dividends, institutional ownership, analyst recommendations, profitability, earnings, valuation and risk. Profitability This table compares […]
Jefferies Financial Group Analysts Give Delivery Hero (ETR:DHER) a €75.00 Price Target
Jefferies Financial Group set a €75.00 ($87.21) target price on Delivery Hero (ETR:DHER) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock. Several other research firms have also recently issued reports on DHER. Kepler Capital Markets set a €63.60 ($73.95) target price on Delivery Hero […]
Appreciate Group (LON:APP) Earns Buy Rating from Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Appreciate Group (LON:APP) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports. LON:APP opened at GBX 63.50 ($0.84) on Tuesday. The stock’s 50-day moving average is GBX 59.79. The company has a market cap of $118.33 million and a P/E ratio of 12.96. The company […]
Shore Capital Reaffirms Buy Rating for Frontier Developments (LON:FDEV)
Shore Capital restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research note published on Tuesday, Digital Look reports. Other analysts also recently issued research reports about the stock. Citigroup reissued a buy rating on shares of Frontier Developments in a report on Tuesday. Berenberg Bank reissued a buy rating and set […]
Compass Group (LON:CPG) Price Target Raised to GBX 1,800
Compass Group (LON:CPG) had its price objective lifted by Goldman Sachs Group from GBX 1,700 ($22.36) to GBX 1,800 ($23.68) in a research report released on Monday, Stock Target Advisor reports. They currently have a sell rating on the stock. A number of other research firms also recently weighed in on CPG. UBS Group reaffirmed […]
Why Neeraj Dewan in bullish on consumption, infra and auto
Neeraj Dewan, Director, Quantum Securities, says growth is not happening for the larger part of the market, but four to six months down the line, the economic activity should pick up and one must select stocks based on that.
Allow one-time restructuring of real estate loans to complete stuck projects: Keki Mistry, HDFC
If loan restructuring is allowed, then new lenders will come and provide funding for a project with proper diligence, proper safeguards while ring-fencing the money. If that is done, then these projects can get completed and home buyers can get their apartments, says Keki Mistry, CEO, HDFC.
DMart OFS: Non-retail quota subscribed 3.4 times
Radhakishan Damani and other promoters of Avenue Supermarts would be selling 2.28 per cent stake or 1.5 crore shares of the company in a Rs 3,500-crore deal.
Why business community isn’t happy with govt amid virus crisis
At the beginning of this month, the Hospital Authority (HA) claimed that its stock of protective gear for frontline healthcare workers was enough to meet the requirements for at least 90 days. Nevertheless, Dr. Deacons Yeung Tai-kong, HA’s cluster services director, suggested otherwise recently, as he said that given the dramatic upsurge in usage, particularly…
Renault slashes dividend as Nissan income falls 84%
Carmaker, which owns 43% of Nissan, saw full-year profit miss estimates after sales fall
Coronavirus prompts HSBC and Shell to send staff home
Employees in Hong Kong and Singapore came into contact with people infected
AFCA Warns Berndale Clients Recovery of Funds is Unlikely
The AFCA has delivered an update to its information page regarding Berndale Capital Securities Pty Ltd, who had its licence cancelled by ASIC.
Exclusive: Scope Markets Joins Your Bourse’s Liquidity Network
Online trading provider Scope Market announced on Friday the joining to the network of Your Bourse Liquidity Hub partners.
Ramaphosa unveils overhaul of South African energy industry
The government will invite private companies to submit bids to supply additional renewable energy to the grid.
CBDT backs PM Modi's claim; says only 2,200 professionals declared income above Rs 1 crore in FY19
PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true
Bengaluru to get daily non-stop flight to US from October
The airliner's Boeing 787 aircraft will take around 17 hours to complete the trip
Market LIVE: After SC AGR order on modification pleas by telcos, RIL, Airtel gain, Vodafone Idea falls
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bharti Airtel was the top gainer, up 3.54 per cent, followed by Bajaj-Auto, RIL and Sun Pharma. On the flip IndusInd Bank was the top loser.
SpiceJet soars 10% on 21% YoY rise in net profit; B737 may return this year
On the operational front, Passenger Load Factor came in at 91.9 per cent in Q3, with the fleet size growing to 119 aircraft as on December 31, 2019.
India's curbs on Malaysian palm imports disrupts global edible oil trade
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
Adani Enterprises hits 52-week high after it signs agreement with AAI
The stock rallied for the ninth straight day, up 17 per cent, against 3 per cent rise in the S&P BSE Sensex during the period.
SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%
"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.
Pfizer Q3 net profit climbs 5%, operational revenue up at Rs 514 cr
The company had posted a net profit of Rs 131.94 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to BSE.
India offers to open up poultry, dairy markets for trade deal with Trump
India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry
Court rejects unions' bid to block SAA job cuts
A bid by two trade unions to block job cuts at South African Airways was rejected by the country’s labour court on Friday.
Sensex rises over 200 pts; Nifty above 12,200
According to traders, domestic equities advanced tracking significant foreign fund inflow ahead of the release of wholesale inflation data.
S&P affirms India's rating at 'BBB-' with stable outlook
Fiscal deficits have exceeded the government's plan, S&P said, adding it expects limited consolidation over the next few years.
SONA 2020: Big plans that require tough action according to OUTA
Unless the promises made in SONA 2020 are followed by concrete, faster implementation South Africa will remain in a precarious state says OUTA.
Bursa Malaysia ends higher on news of stimulus package
KUALA LUMPUR, Feb 14 — Bursa Malaysia ended higher today as market sentiment was lifted following news that the government will unveil an economic stimulus package to address the Covid-19 outbreak on February 27. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.30 points to its intraday...
Euro skids to new low ahead of GDP data, dollar shines
LONDON, Feb 14 — The euro eased to another nearly three-year low today as investors worried about slowing growth momentum in the euro zone ahead of an estimate of how its economy performed in the fourth quarter. The European single currency has lost 1 per cent so far this week and is on track for...
The numbers that could reward the RBA's optimism
Upbeat company profit results, better readings from consumers and another record sharemarket high are backing the Reserve Bank's optimistic view on the economy.
Spring has arrived in Aizpute
Spring has already begun in the Aizpute greenhouse where the first pansies have already been picked and the momentary sunshine is enough for the microgreens to sprout, according to a Latvian Radio broadcast on February 13.
ALEX BELL: Spending £100bn+ on HS2 when we need money for climate change is criminal-scale folly
Storm Ciara blasted the country with rain, wind and snow. For thousands, it was the cause of rail lines running slow or stopping.
German EcoMin: Economy is still experiencing a period of weakness
The German Economy Ministry is out with its assessment of the economy after the fourth quarter 2019 GDP showed stagnation. Key Quotes: German economy
BOE’s Carney sees silver lining after Brexit hit to UK economy
The outgoing Bank of England (BOE) Governor Mark Carney warned over the economic risks of the UK leaving the European Union (EU), in an exclusive inte
Canada: Housing market is back – NBF
Economists at the National Bank of Canada Financial markets summarize the situation of the Canadian housing market which has recovered since a year ag
Global economic security critical, Trudeau to tell security conference
OTTAWA — Prime Minister Justin Trudeau will address the Munich Security Conference today and urge global leaders to accept that a changing world requires more effort to bring economic prosperity for all.
Despite swelling revenue deficit, Tamil Nadu presents a tax-free Budget
Drop in Centre’s share causes strain
“Stay Alert” Call To Business As Coronavirus Impacts Spread Across NZ Economy
Auckland Business Chamber head Michael Barnett said the plight of the education sector and its impact on many NZ communities was acknowledged.
Warren Buffett loves using Valentine's Day to explain why See's Candies is his 'dream business'
Warren Buffett loves using Valentine’s Day to explain why See’s Candies is his “dream business.“
Asian shares aim for second week of gains amid virus scare
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
European shares hit record even as coronavirus shows no signs of peaking
Stock markets across the world ticked higher on Friday, even as investors debated whether China's coronavirus outbreak would cause long-lasting ...
Shares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
Internet of things customers look to create partnerships - IDC
New Zealand's large enterprises seek to build and maintain commercial relationships and partnerships with Internet of Things (IoT) vendors.
Royal Bank of Scotland Group changing name to NatWest Group plc as most customers are in England
THE Royal Bank of Scotland Group announced it was renaming itself NatWest – as most customers are south of the border. The rebranding of the Edinburgh-based plc after 51 years is the first ma…
Chips are down as Toshiba logs ¥145.63 billion loss for April-December
Toshiba Corp. said Friday it posted a group net loss of ¥145.63 billion ($1.32 billion) in the April-December period due to the sluggish performance of its
Talking about finance can temper the flames among couples
But not communicating money goals and values on a regular basis can lead to secrecy, resentment and blame in a relationship
LYFT (NASDAQ:LYFT) Given “Buy” Rating at JMP Securities
JMP Securities reissued their buy rating on shares of LYFT (NASDAQ:LYFT) in a report published on Monday morning, TipRanks reports. The firm currently has a $88.00 price target on the ride-sharing company’s stock. Other research analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of LYFT from an underperform rating […]
The ABCs Of The California Gig Worker Ruling
California's ruling to deny a request to halt enforcement of AB5 spotlights the clash between the private sector and the government over the gig economy and more.
How Greyhound Bus Makes Fraudsters Play Fare
The Merchant Fraud Decisioning Playbook examines new fraud threats against merchants and how businesses, payment providers and security players are responding.
‘Seven killed’, many injured as ‘bandits’ attack Kaduna market
Seven people were allegedly killed by suspected bandits in a market at Maro village, Kajuru local government area of Kaduna state on Wednesday. The incident was said to have happened about
Our real estate biz not dependent on govt reforms & we continue to do well: Adi Godrej
Adi Godrej, Chairman, Godrej Industries, says the last two years have been record years for Godrej Properties. The chemical business is doing well while the consumer company is under a little pressure as peoples purchasing power has come down.
Govt willing to do more beyond Budget to boost growth: Nirmala Sitharaman
Sitharaman said that if required, the government would take more steps beyond Budget announcements.
Inside iearn.finance: a DeFi Aggregator for Optimized Yield Opportunities
The iearn.finance platform is described "an aggregator of interest-earning DeFi opportunities."
German economy stagnated in fourth quarter
FRANKFURT — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell. The figure underlines the challenge facing the eurozone.
7 ways supermarkets try to tempt you into spending more money
Wonder why you always end up making impulse buys at the supermarket? Here’s some of the tactics they use to get shoppers to part with more cash.
FTC to Review Influencer Marketing Rules
The FTC will review its influencer marketing rules as it calls for improved disclosure for endorsements on social media platforms.
Mike Novogratz’s Galaxy Digital Slashes 15% Staff
Galaxy Digital, a crypto merchant bank established by Michael Novogratz, has cut its staff by 13 - around 15 percent of its total workforce.
Chinese Stocks Rise for 7th Consecutive Day Amid Coronavirus Infection
Chinese stocks rose for a seventh day on Wednesday, coinciding with the continuous decline in new confirmed cases of novel coronavirus infection for eight days on the Chinese mainland outside Hubei province. The development signaled an easing of investors' concerns over the viral outbreak's negative impact on economic growth, according to analysts.
SC orders telcos to clear dues by March 17, threatens contempt
The court, which had asked companies including Vodafone Idea and Bharti Airtel to pay 920 billion Indian rupees ($12.89 billion) in overdue levies and interest by Jan. 23, had rejected petitions seeking a review of its order last month
AGR case: DoT withdraws 'no-coercive order' against telcos after SC slams dept
Lambasting DoT for issuing circular, SC bench head by Justice Arun Mishra dismisses review petition saying there's "no stay" on coercive action against telcos who'll fail to comply with SC order
SpiceJet Q3 net profit soars 21% to Rs 78 crore despite 737 MAX troubles
SpiceJet reported growth in air transport services during the December quarter, as segment results for the period almost doubled to Rs 115.05 crore from Rs 58.55 crore from the year-ago period
Aviation finance sector looking vulnerable
High aircraft values and low lease-rate factors which do not reflect the commercial and operating risks facing airlines leave the aviation finance industry in a vulnerable state in 2020, says Scope Ratings. Scope expects little change to lease-rate factors in the first half of the year. The slowdown in the global economy will rub off on the aviation industry. More airline defaults and further consolidation are likely in 2020, though stability in oil prices will help the industry keep costs under
Renault reports first net losses in a decade for 2019 on lower sales
Renault said in a statement it suffered net losses of 141 million euros ($152 million)
AGR dues: DoT withdraws order seeking no coercive action against telcos
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
Govt willing to do more beyond Budget to boost growth: FM Sitharaman
The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year
New GST filing format, e-invoicing to help in reporting for taxes: GSTN CEO
There is a need for standard to ensure complete interoperability, he said
This is how long it will take for the wind industry to add energy to the grid
SAWEA has asked for clarity on the planned sequence, to ensure that momentum is not lost.
Rupee slips 2 paise to 71.33 against US dollar in early trade
The rupee had settled at 71.31 against the US dollar on Thursday.
Ramaphosa speaks openly about South Africa’s limited energy supply
While delivering the 2020 State of the Nation Address, President Cyril Ramaphosa spoke openly about South Africa’s limited energy supply.
Ringgit ends higher versus US dollar
KUALA LUMPUR, Feb 14 — The ringgit closed marginally higher against the US dollar today, tracking the performance of regional peers amid concerns on the Covid-19 outbreak. At 6pm, the ringgit was quoted at 4.1360/1400 versus the greenback from 4.1390/1420 yesterday. FXTM market analyst Han Tan...
German Economy Slumps, Exports Fall, Underlines Eurozone Woes
Growth ground to a halt at the end of the year in Germany, Europe´s largest economy, as manufacturing remained in a slump and exports fell.
Mike Bloomberg once said taking too much money from the rich and giving it to the poor was a bigger problem than income inequality
Bloomberg once said in 2018 that taking too much money from the rich was a bigger problem than income inequality. 'I think income inequality is ...
Satoshi Nakaboto: ‘Man charged with operating $300M money-laundering Bitcoin ‘mixer’’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
Romanian economy slows down to 4.1 percent in 2019
The Romanian economy slowed down to 4.1 percent last year, after 4.4 percent in 2018 and 7.1 percent in 2017, show flash estimates released by...
Open access journals get a boost from librarians—much to Elsevier’s dismay
Move to cut fees adds pressure to funding model already under strain.
Treasury Market Flashes New Warning As Real Yields Go Negative
Real yields for key maturities in inflation-indexed government bonds (TIPS) have slipped into negative terrain lately.It comes as no surprise to learn that the 10-year TIPS rate is plumbing depths bel
'Stay Alert' call to business as Coronavirus impacts spread across NZ economy - ABC
Importers and exporters should talk to their shippers - both sea and air - and keep informed as knock-on effects of China’s coronavirus hit New Zealand.
Mark Carney sees silver lining in Brexit hit to economy
Mark Carney has said there may be a silver lining to Brexit and welcomes the Prime Minister's plans to address weak productivity.
German Economy Grows at Weakest Pace Since Crisis as Coronavirus Hit Looms
Pound Sterling (GBP) Live: Outlook Forecasts and Latest News presented in rolling live format
Premarket: European shares scale record even as coronavirus shows no signs of peaking
Hopes of government stimulus support shares globally
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
Friday’s Insider Report: Chairman invests $1.2-million in this stock yielding nearly 5%
A look at recent notable transactions
Are you having second thoughts about your career choice?
According to a recent survey by Toronto-based non-profit career coaching and development organization CERIC, nearly 72 per cent of Canadians who meet with the organization’s career counsellors wish they had chosen a different career path
Local businesses nominated for Hi Tia Maria Hair & Beauty Awards - Talk of the Town
A number of local businesses have been nominated for the Hi Tia Maria Hair & Beauty Awards 2020. Nominated for Best Hair Salon in Leinster is Justin Casey Salon in Park Street. Meanwhile, Image Beauty Salon and Simply Claire Beauty Care have also been nominate for Best Beauty Salon in Leinster. Katie’s Beauty Room is...Read More→
German economy stagnates in sign of Europe's difficulties
FRANKFURT, Germany (AP) — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell, official figures showed Friday.The flat reading underlines the challenge facing the broader eurozone economy as it struggles against headwinds from the U.S-China trade dispute and Britain's departure from the European Union.Both the German and eurozone figures were the weakest since 2013, when the region was suffering from a debt crisis that nearly spelled the end of the euro currency.Germany's state statistics agency said Friday there was zero growth in the fourth quarter and a mediocre 0.6% increase for the whole year.
Valentine’s Day: Love or business?
Even for poor people, the temptation to outdo themselves during the Valentine’s Day is high.
Forget saving money! I’d invest using these 3 Warren Buffett tips
I think adopting a value investing strategy such as that used by Warren Buffett could be a better idea than having cash savings.
Saudi Arabia, UAE Among Top 10 Logistics Markets
Arabian Gulf countries have had a high ranking in the 2020 Agility Emerging Markets Logistics Index, with UAE and Saudi Arabia among the top 10 logistics markets. In the GCC, the UAE ranked third, Saudi Arabia sixth, Oman 14th, Bahrain 15th, and Kuwa
Singapore woos world’s biggest money managers with new law
The law, known as the Variable Capital Companies Act, makes it easier for overseas and domestic entities to register funds in Singapore if they have a locally based fund manager.
Warren Buffett loves using Valentine's Day to explain why See's Candies is his 'dream business'
"See's Candies means getting kissed," Buffett said in 1998. "If we can get that in the minds of people, we can raise prices."
How to save money on car insurance—10 ways
Lowering your auto insurance bill doesn’t mean you have to sacrifice coverage or customer service.
Erdogan’s visit to Islamabad. Economic cooperation will intensify
By Seymur Mammadov The official visit of Turkish President Recep Tayyip Erdogan to Pakistan will be another milestone in further strengthening bilateral relations between the two countries in all areas. The two countries have always maintained and continue to maintain fraternal relations and in difficult times stand shoulder to shoulder with each other both in the fight against terrorism and at the international level, especially with regard to Ankara’s principled, unchanging position on the Kashmir issue. At the same time, Pakistan has always supported Turkey’s position on the Cyprus issue. Today, Turkey and Pakistan pursue an independent foreign policy and bear a heavy burden, which do not want to notice in the West. Both countries have similar experience in conducting a migration policy, have a tolerant policy towards their neighbors, and in Europe the concept of “multiculturalism” has become problematic and causes more and more irritation. From the 1980s to today, Pakistan has accepted up to 3.5 million Afghan…
Graphite India share turned Rs 1 lakh into Rs 25,000 in 1.5 years; here's why
Graphite India share price, which closed at Rs 1,100 on August 14, 2018 ended at Rs 283 on February 14, 2020
Rishi Sunak, Alok Sharma join UK cabinet; three Indian-origin MPs in Boris Johnson govt
The 39-year-old Chancellor Rishi Sunak has been the Conservative MP for Richmond in Yorkshire since 2015. He was born in 1980 in Hampshire
Rent-to-buy scheme aims to help breach the ‘deposit barrier’
New homes at reduced rents give first-time buyers a chance to get on the housing ladder
German economy stagnates as eurozone records weakest growth in seven years
Germany and the eurozone also face the possibility of disrupted trade with Britain, which left the EU on January 31
KT Rama Rao hits out at Finance Commission over reduced states devolution
The reduction in devolution to 41 per cent from 42 per cent earlier will lead to an up to Rs 4,000 crore hit to Telangana, Rao told reporters on the sidelines of the NTLF here.
Common portal for health insurance claim settlements on the cards
Regulator aims to usher time-bound settlement of claims and eliminate disparity in charges among different for some common procedures
ED, CBI have been treating me 'totally unreasonably': Vijay Mallya
His lawyers told the British High Court this week that he had been the victim of the airline industry's misfortunes and had no fraudulent intentions behind seeking loans for his now-defunct airline.
Market Wrap, Feb 14: Sensex falls 202 pts post AGR verdict
Among telcos, Vodafone Idea tumbled over 23 per cent to Rs 3.44 apiece on the BSE post the AGR verdict
Pulses import may fall 60% next fiscal on good crop expectations: IPGA
There would be lower imports next year also because traders might not be able to buy from overseas market, taking advantage of loopholes in the import quota order
UP govt to promote e-vehicles, targets 10,700 mw of solar energy
The energy minister said the state was targetting solar energy generation of 10,700 megawatt (mw) by 2022 in the private sector to conserve environment and curb pollution
Bigg Boss 13: Did Asim Riaz Leave The Show After Taking The Money Bag? Truth BUSTED
Bigg Boss 13 finalist Asim Riaz is known as one of the potential winners on the show. Today, a message from Asim Riaz’s handle was shared on social media asking fans to not believe any rumours that the finalist took the money bag. With many rumours spiralling, Asim’s supporters ask fans to continue voting for their champ and make him the winner
Maxar Technologies to Host Investor Briefing on March 4, 2020
WESTMINSTER, Colo. — Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that members of senior management will present an overview of the Company’s business, recent financial results, and strategic priorities on March 4, 2020, beginning at 8:00 a.
Carney says business must come clean quickly on climate
LONDON, Feb 14 — Bank of England Governor Mark Carney called on the world’s businesses to publish strategies for cutting carbon emissions and adopting cleaner power sources by November, when world leaders meet in Scotland for UN-led climate talks. “It’s not just green assets and divestment...
Consumer sentiment hits highest level since 2018 despite coronavirus outbreak
American consumers were increasingly optimistic about the economy this month despite a deadly viral outbreak. The University of Michigan said Fr...
4 Money Transfer Scams To Watch Out For
If there's one thing in this world we safeguard most, it's our hard-earned cash. We work hard for it, so it stands to reason that we feel the loss pretty deeply when we fall for a scam that sees it leaving our grasp. Worse still is when it's absolutely something that could've been avoided. We all transfer money,...
Proposed $3.3bn external borrowing is to finance 2020 budget, Eurobond ― DMO
By Elizabeth Adegbesan The Debt Management Office (DMO) has clarified that the proposed $3.3 billion external borrowings is meant to finance part of the 2020 budget deficit of N2.18 trillion and refinance the federal government’s Eurobond maturing in January 2021. The DMO disclosed this yesterday in a press statement released on its website. In DecemberRead More
Pfizer Q3 net profit up 5 per cent to ₹139 cr
Drug firm Pfizer Ltd on Friday reported a 5.39 per cent rise in net profit to ₹139.06 crore for the quarter ended December 31, 2019. The company had posted a net profit of ₹131.94 crore for the corres
From March 2021, pharma firms marketing drugs will be held responsible for their quality
Currently, only the manufacturers are held liable under the Drugs and Cosmetics Act
Renault reports first net losses in decade for 2019
Renault also took a hit from a decline in the financial contribution of a likewise struggling Nissan
Vijay Mallya says ED, CBI have been ‘totally unreasonable’
Beleaguered tycoon requests banks to take back 100% of the principal amount
Falling Oil Prices An Economic Warning Sign
Global demand has already been falling for the last several months, and oil prices are sending warnings that market hopes for a global reflation are likely not a reality.Falling gasoline prices have h
Frontline CEO Robert Hvide Macleod On Crude Tanker Markets (Podcast Transcript)
As part of the Virtual Tanker Forum, Value Investor's Edge Live hosted Robert Hvide Macleod, CEO of Frontline.Macleod discussed the dynamics of the crude tanker markets, their scrubber installation pr
10 things you need to know before the opening bell
This is what traders are talking about.
Jitters infect trading, Fed withdraws
A large increase in reported coronavirus infected patients saw European and US investors step away from shares in overnight trading. Initial jitters were eased by a WHO official’s statement that the increase was simply a full accounting of cases so far. US indices recovered and made gains, until the US Federal Reserve announced it was tapering its repurchase agreement program, effectively withdrawing liquidity.
India’s pulses import may fall 60% next fiscal: IPGA
There would be lower imports next year also because traders might not be able to buy from overseas market, says IGPA Chairman
Sensex, Nifty fall for 2nd day as banking, auto stocks slide
Banking shares tumbled following the Supreme Court taking a strong note of non-compliance of its order asking telcos to pay ₹1.47 lakh crore in statutory dues.
Gold prices rise ₹75, silver gains ₹147
Gold prices on Friday rose by ₹75 to ₹41,481 per 10 grams in the national capital amid rupee depreciation, according to HDFC Securities. Likewise, silver also gained ₹147 to ₹47,036 per kg from ₹46,88
Brexit and how farmers can survive it: how the next 11 months will shape the sector
It would be foolish to think that farmers in lowland areas such as East Anglia are going to get
Whenever my husband and I talk about investing, we fight. How can we get on the same path?
He has almost $100,000 invested in a high interest savings account which I don’t think is an efficient strategy
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
Can Corporate America Get Behind Medicare for All?
One man’s crusade to sell big business on a health care overhaul
Keep some powder dry, invest rest in 4 sectors: Gurmeet Chadha
Look at the last one-year return at the shorter end of the yield curve. Even if we have not taken any duration risk, we have clocked 10-12% kind of a return in the short-term debt category which is almost equal to the Nifty return of last one year, says Gurmeet Chadha, Co-founder, Complete Circle Consultants.
SBI a value play, buy Page Industries on dips: Rahul Shah, MOFSL
The economy is bottoming out and rural consumption is definitely growing. Plus, this quarters numbers have been fairly decent. I do not think there could be any more pain here for the auto sector in coming month, says Rahul Shah, Vice President, Broking & Distribution - Motilal Oswal Financial Services.
SpiceJet shares climb nearly 6% after Q3 results
In the 2018 December quarter, the carrier recorded a profit of Rs 55 crore.
Edelweiss Q3 profit drops 93% to Rs 17 crore; debt-to-equity ratio improves
Consolidated expenditure of the company increased to Rs 2,598.06 crore in Q3FY20 over Rs 2,439.14 crore in Q3FY19.
Kresna goes about business as usual despite reports of problems related to Jiwasraya
The Financial Services Authority (OJK) has denied reports that investment management firm PT Kresna Asset Management (KAM) and life insurer PT Kresna Life are under investigation by the Attorney General’s Office (AGO).
The Market Place: Sky Bet Movers, Price Boosts and Trader Tip
Penny Marlow at Fakenham is the best-backed horse of the day with Sky Bet. We have all the movers, Price Boosts plus a traders' tip.
Former Anglo finance chief Willie McAteer expelled from accounting body
Membership of Chartered Accountants Ireland revoked and payment of €15,000 towards tribunal costs agreed
BIG Yawa: Fine Gentleman Ordered To Drop Sprayed Money He Picked From The Ground At Kennedy & Tracy’s Wedding- WATCH
A video of a young man who was ordered to return the money he picked from the ground whiles newly wedded couple in town, Kennedy and Tracy were dancing has hit social media.
Ramaphosa’s speech underscores weak SA credit outlook – Fitch
Fitch says Ramaphosa's speech left important questions unanswered.
The daily business briefing: February 14, 2020
Prosecutors file more charges against Huawei, a judge halts a Microsoft military contract contested by Amazon, and more
Not approached by any telco to finance AGR dues, says SBI chairman
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
With profitability in mind, Renault plans slew of initiatives in India
The auto maker is also gearing up to bring a mass segment EV in India within the next two years
Thales sees opportunities in India after military plans theatre commands
The first batch of RBE2 air defence radar systems will roll out from the joint venture between Thales and Reliance Defence Limited next month, Sourisse told.
Odisha to tap 5T model for mineral resource mapping, extend KALIA scheme
State to also set World-class core sample laboratory and develop select rural habitats as smart villages akin to smart cities
Bitcoin ‘Lambo Line’ Indicator Suggests Bull Market Inbound
According to findings from ChartStar, the number of 'Lambo' mentions on Reddit turns out to be a very good indicator for predicting strong Bitcoin moves.
7 Stock Market Sweethearts You'll Want to Call Your Own
It's easy to adore these great businesses.
Appili Therapeutics Announces Upsizing of Previously Announced Equity Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESHALIFAX, Nova Scotia — Appili Therapeutics Inc.
Supreme Court orders Indian telcos to pay US$13b or face action
NEW DELHI, Feb 14 — India’s Supreme Court today ordered top telecom companies to pay US$13 billion (RM53.8 billion) in unpaid spectrum and licensing fees by March 17 or face punishment in a fresh blow to ailing mobile carriers. Shares in Vodafone Idea, which said it would be hardest hit by the...
Warren Buffett loses $1 billion in 2 days after Kraft Heinz disappoints again
Warren Buffett took a $1 billion loss as Kraft Heinz stock plunged 11% in two days. Berkshire Hathaway's 27% stake in the food giant shrank in v...
Star fund manager's bet on $4.3 billion worth of Argentine debt is dangerously close to unraveling
Franklin Templeton and its star money manager, Michael Hasenstab, have $4.3 billion worth of Argentine bonds as the country marches towards rest...
Another rate cut early March, stimulus package end-February?
KUALA LUMPUR: The expectation of a monetary policy adjustment, on top of a fiscal stimulus package, to boost Malaysia’s economy soon is getting higher.
Malaysia's modest GDP growth in line with neighbouring countries: Azmin
KUALA LUMPUR: Malaysia’s modest gross domestic product (GDP) growth of 4.3 per cent last year is considered better than some of its neighbours, said Economic Affairs Minister Datuk Seri Azmin Ali.
TRB Ventures targets over RM8bil in property deals this year
KUALA LUMPUR: TRB Ventures Sdn Bhd is targeting over 50 per cent increase in new property sales to 21,000 units worth over RM8 billion this year via its property marketplace platform, MHub.
Popular Preprint Servers Face Closure Because of Money Troubles
The rise of preprint repositories has helped scientists worldwide to share results and get feedback quickly. But several platforms that serve researchers in emerging economies are struggling to raise money to stay afloat. One, which hosts research from Indonesia, has decided to close because of this...
In Hot U.S. Jobs Market, Half of College Grads Are Missing Out
Millions of Americans are seeing little return from their expensive college degrees -- even in today’s hot jobs market.
AGI and AMA to partner GITFIC
news, story, article
Only 2,200 professionals in India disclosed annual income above ₹1 crore
I-T Dept shares data on income tax returns for 2018-19 via tweets
HUL tops list of ad spenders; Amazon Online India ranks second: Report
Sports platform Dream11 makes it to top 5 in ad expenditure
BPCL standalone profit zooms to ₹1,261 crore in Q3
State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a standalone net profit of ₹1,260.63 crore in the October to December of FY20 from ₹495.14 crore a year ago mainly on the back of a margina
Day Trading Guide for February 14, 2020
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:₹1241 • HDFC BankS1S2R1R2COMMENT1227121312551270Fresh short positions can be
A large Swiss chocolatier that works with Hershey and Nestlé says it's rolling out 3D printed chocolate to the masses
Hotels, restaurants, and coffee chains could soon start offering customized 3D printed chocolate to customers.
German economy flatlines as eurozone growth hits seven-year low
Germany's economy is stagnating as a slowdown in spending and exports wiped out growth in the fourth quarter of 2019 with GDP unchanged.
Rupee settles 6 paise lower at 71.37 against US dollar
On a weekly basis, the rupee has gained 3 paise.
'Open to Tweaking Inside And Outside Budget For Economic Growth', Says Nirmala Sitharaman
The government had announced a host of steps in the Union Budget, presented on February 1 in Parliament
Protecting children from harmful food marketing
Professor Amandine Garde highlights the growing recognition of unhealthy food marketing as a major children’s rights issue, and what can and should be done to address it
Tanzania borrows Sh147bn to construction a 550km SGR
NAIROBI, Kenya, Feb 14 – The government of Tanzania has received a Sh147 billion loan from Standard Chartered Bank Tanzania to fund the construction of Kenya breaking news | Kenya news today |
Tanzania borrows Sh147bn to construct 550km SGR line
NAIROBI, Kenya, Feb 14 – The government of Tanzania has received a Sh147 billion loan from Standard Chartered Bank Tanzania to fund the construction of Kenya breaking news | Kenya news today |
VN-Index dips, ending three-session gaining streak - VnExpress International
Vietnam’s benchmark stock market index slipped 0.08 percent to 937.45 points Friday, ending a three-session gaining streak.
IRB Infra Q3 PAT down 27% at Rs 160 crore
Total expenses increased to Rs 1,534.36 crore, from Rs 1,446.82 crore earlier.
F&O: Options signal Nifty range in 12,000-12,300 zone
India VIX moved up by 1.83 per cent to 13.61.
Volkswagen offered 830-mn-euro settlement for German diesel cases
The mass lawsuit is one of the major legal hangovers from VW's 2015 admission to fitting 11 million vehicles worldwide with software to make motors appear less polluting in regulatory tests than in real driving conditions. While diesel buyers in the US have enjoyed generous buyback and compensation schemes, German drivers had so far gone uncompensated for the impact of the scandal, which has since spread to other carmakers.
Lion Air offers discounts to rev up business amid virus fears
Indonesia’s largest low-cost carrier is offering significant price cuts for flights to and from three destinations in the country as the aviation business is weighed down by concern over the coronavirus outbreak.
Brendan O’Connor inherits Marian Finucane slot on RTÉ Radio 1
Journalist and presenter departs deputy editor role at Sunday Independent
Tax Appeals Commission dismisses bank’s attempt to write off Revenue bill
Unidentified bank facing assessment of €1.4 million
GRAINS-U.S. soybeans stay firm as market awaits return of Chinese buying
* Soybeans set for second weekly gain in a row* Market expects Chinese demand as trade deal takes effect* Wheat, corn also steady as virus concerns abate (Updates with European trading, changes)By Gus Trompiz and Naveen ThukralPARIS/SINGAPORE, Feb 14 (Reuters) - Chicago soybean futures edged higher on Friday to stay on course for a second week of gains on expectations that China will step up purchases of U.S. crop.Corn and wheat also ticked up but were heading for a weekly fall as large global supplies offset support from steady export demand.
Delta to invest $1 bln to curb global air travel's climate impact
By Tracy RucinskiCHICAGO, Feb 14 (Reuters) - Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.The aviation industry accounts for roughly 2% of global carbon dioxide emissions and has set out a plan to achieve carbon-neutral growth from 2020, even as air travel is forecast to accelerate.
Is 5AMLD Causing Crypto Companies to Shut Down & Relocate?
The EU's 5th anti-money laundering directive has already caused some crypto firms to relocate or shut down. Is regulation really a good thing for crypto?
Withdraw income tax on overseas tours, travel agents petition PM Modi
The government introduced five per cent TCS on overseas tour packages with an aim to plug revenue leakag
Exports decline by 1.66% year-on-year to $25.97 billion in January
Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review
Sebi seeks explanation from former CARE Rating chairman, MD for interference in ratings
Markets regulator Sebi has sought explanation from erstwhile managing director and CEO, and chairman of CARE Rating for their interference in the rating process of entities including DHFL, IL&FS and Yes Bank, sources said. In a letter on February
Banks' loans rise over 7% in two weeks to January 31: RBI report
Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion
Sebi constitutes municipal bonds development committee
Markets regulator Sebi on Friday said it has constituted a committee which will suggest on policy matters pertaining to development of municipal debt securities and facilitate municipalities for issuance of such bonds. The regulator has constituted
Feds Search How Private Medicare Info Gets to Marketers
A government watchdog plans to launch a nationwide probe into how telemarketers may be getting hold of seniors’ personal Medicare information, a red flag for potential fraud.
Nvidia shares surge on signs of machine learning boom
Shares of Nvidia Corp rose 6% on Friday after the chipmaker stunned analysts with strong quarterly results and joined rivals Intel Corp and Advanced Micro Devices Inc in predicting strong demand for chips used in the latest generation of data centers and AI.
Canopy Growth says more cost cuts coming as it reports $124M loss
Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer's new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020.
Renault plans US$2.2b ‘no taboos’ cost cuts after first loss in a decade
PARIS, Feb 14 — Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by €2 billion (RM9.1 billion) over the next three years from the carmaker today, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take...
OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange
Despite the ongoing uncertainty toward crypto regulation in India, major global crypto exchange OKEx has just made another push in the country’s market.
Advertising giants face ACCC inquiry into market power
Concerned about market concentration, the Morrison government has ordered an inquiry into the conduct of digital giants such as Google and Facebook, and global advertising agencies.
Hitting the target: business tries to break the deadlock on climate
Growing support for a net zero emissions target is heaping pressure on the government and Labor to adopt more ambitious climate policies.
RompHim goes out of business
RompHim, the rompers-for-men company that achieved viral success a couple of years back, is going out of business. CNN reports that the initial focus on marketing to straight bros limited their app…
Tesla prices its second offering of stock at $767 apiece
Tesla priced its second offering of stock at $767 apiece Friday.
Why “De-growth” Shouldn’t Scare Businesses
There’s opportunity in an economy that produces and consumes less.
Is It Time To Say ‘Goodbye, Vodafone?’ Choice Is Government Takeover Or Bankruptcy
The political cost of offering huge bailouts can be high.
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being, Business Insider - Business Insider Singapore
Business Insider - The World Bank called the bonds "a momentous step" in curbing disease, while a public health expert deems them "inappropriate and ineffective.". Read more at businessinsider.sg
Costly onion, potato push WPI inflation to 3.1% in Jan
Both food, non-food articles inflation are expected to rise further, say experts
Lakshmi Vilas Bank posts ₹334-cr loss in Q3
Our Bureau Private sector lender Lakshmi Vilas Bank (LVB) posted a net loss of ₹334 crore in the third quarter of FY20 when compared to the ₹373-crore net loss recorded in the same period the previous
Mining ban has shaved ₹7,000 crore off Goa’s economy, says report
Ban has severely impacted jobs, says CMIE report
The coronavirus patient in London showed up at the hospital in an Uber, and health officials say it's a sign people aren't following advice to contain the virus
The first person confirmed to have the deadly coronavirus in London turned up unannounced at a hospital after taking an Uber there, health officials confirmed to The Guardian.
The 'grandfather of online dating' reveals the 3 crucial questions that can predict long-term compatibility in a relationship
Sam Yagan is colloquially known as the “grandfather of online dating.”
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being
A group of unique bondholders will either reap massive profits or lose hundreds of millions of dollars as the coronavirus outbreak escalates.
PhonePe earmarks ₹800 crore marketing budget to take on competition
It has signed up Alia Bhatt to create awareness.The platform aims add over 100 million users every year
FM Sitharaman says the govt is open to tweaking inside and outside Budget for economic growth
irmala Sitharaman said the immediate feedback to the Union Budget has been motivating, as it has had a 'positive impact' on the currency, bond and equity markets.On the REITs and InvITs, the Finance Minister said she wanted to hear the views of the economists and other tax experts on the Budget
'Amazing' Suffolk Show in 2019 nets healthy surplus as attention turns to this year's event
Suffolk Show organisers are riding high after a bumper 2019 event - and are hoping to build on its soaring success this year.
Weekend Reading: 15-16 February 2020
Global Macro / Markets / Investing:
10 things you need to know before the opening bell
This is what traders are talking about.
A large Swiss chocolatier that works with Hershey and Nestlé says it's rolling out 3D printed chocolate to the masses
Hotels, restaurants, and coffee chains could soon start offering customized 3D printed chocolate to customers.
Weight loss drug Belviq pulled from market over FDA cancer risk concerns
The prescription medication has been in clinical trials that the FDA say show patients could get cancer.
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being
A group of unique bondholders will either reap massive profits or lose hundreds of millions of dollars as the coronavirus outbreak escalates.
When to Stay or Walk Away: Your Guide to Navigating Business Development
Follow these 4 guidelines, and keep your head in the game of business development.
Man caught on camera stealing money at Kennedy Osei and Tracey’s wedding
The traditional marriage ceremony between Kennedy Osei and his long time girlfriend Tracey Ameyaw is still been discussed on social media and
Germany’s BaFin Alerts Residents to Nexo – Group
The Federal Financial Supervisory Authority, more commonly known as BaFin, has published a warning on its website this Friday.
Renault plans a slew of initiatives in India
"We will bring innovation and find slots where demand is there. We have Kwid and Triber and in the second half of this year, we also plan to bring in a new product which would be based on Triber platform," says Mamillapalle
RPower net profit declines 57 pc to Rs 49 crore in Dec quarter
Reliance Power (RPower) on Friday said its consolidated net profit has dipped over 57 per cent to Rs 49.39 crore in the December 2019 quarter, mainly due to lower income. The company's consolidated net profit had stood at Rs 116.44 crore in the
Glenmark Pharma Q3 consolidated net profit rises 64% to Rs 190.83 crore
Consolidated revenue of the company stood at Rs 2,735.56 crore for the quarter under consideration as against Rs 2,555.04 crore for the corresponding period a year ago.
ONGC Q3 net halves on fall in oil, gas prices, output
State-owned Oil and Natural Gas Corp (ONGC) on Friday reported halving of its December quarter net profit after it faced the double whammy of falling oil and gas prices and a drop in production. Standalone net profit in October-December at Rs 4,152
PhonePe earmarks Rs 800 cr in marketing to expand reach, signs Alia Bhatt
The current brand campaign of the company will feature four TV commercials with Aamir Khan and Alia Bhatt, which will be spread across digital platforms, radio, print and cinema.
Whistleblower policy critical for internal control in firms: Keki Mistry
Mistry said certain instances in the past have shown that whistleblowers are either seeking ill of a company or looking for media attention
Corruption and mismanagement to blame for SA poor economy - Cosatu
Reacting to President Cyril Ramaphosa's SONA, Cosatu warned the government not to outsource its developmental obligations to the private sector.
Hong Kong unveils cash handouts as virus deepens economic woes
Hong Kong leader Carrie Lam says the government will dip into its financial reserves – some of the world's healthiest – to give cash subsidies to sectors hit hardest by the crisis
Hong Kong stocks end week higher as virus deaths fall
Hong Kong stocks edged up on Friday, as the daily death and infection tolls in the epicentre of the coronavirus outbreak returned to lower levels, following a dramatic spike the previous day. At the
Asian plane makers struggle to take off in crowded market
Asian plane makers have thrown huge sums at building jets but flagship projects have suffered repeated setbacks, and they face a tough time breaking into a market dominated by established players.
Jet buyers back Boeing-Embraer deal as Airbus expands reach
SINGAPORE — Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets.
Tesla prices its second offering of stock at US$767 apiece
Tesla priced its second offering of stock at US$767 apiece Friday.
3 Defense Stocks for Geopolitical Turmoil
International conflict can bring investing opportunities. Here are three defense stocks to consider in these uncertain times.
Q&A: Coronavirus likely to infect the global economy
The rapid development of China's coronavirus crisis coincided with the annual idling of much of the country's economic activity due to the Lunar New Year break, which typically runs for a week or two. ...
‘Ghana Diaspora Women’ stocks Hohoe Library
news, story, article
Machines are now formally part of knowledge economy
The China court ruling that gave copyright protection to AI-generated content opens many doors, but also poses a volley of questions
Goods exports dip 1.6% to $25.97 b in Jan; trade deficit at $15.17 billion
Coronavirus outbreak, persisting protectionism add to exporters’ woes
Trends in MSME sector growth in Tamil Nadu
Most MSMEs in Tamil Nadu were set up by entrepreneurs who said that they had the skill and motivation to set up and run a unit but a fifth of the entrepreneurs reported that their inability to find a
ONGC net profit falls 50% to ₹4,152 crore in Q3
ONGC has reported a ₹4,151.63 crore standalone net profit for the third quarter of financial year 2019-2020. This is 49.75 per cent lower than the ₹8,262.7 crore profit reported in the comparable quar
MSME in Tamil Nadu | An up-close view
Tamil Nadu continues to be a vibrant industrial State, with a large base of big factories and small units. The State has an estimated seven lakh registered micro, small and medium enterprises (MSME),
Israel/OPT: UN List Of Settlement Businesses Offers New Hope For Accountability
The publication of a UN database which lists more than 100 companies involved in business activities in illegal Israeli settlements is an important step towards accountability in the Occupied Palestinian Territories (OPT), Amnesty International said today.
Tesla raises $2 billion in secondary stock offering priced at $767 a share — 5% below where it's trading now
Tesla will sell 2.65 million shares of common stock for a price tag of $US767 a share, the company announced Friday. That’s a 4.6% discount on Thursday’s closing price.
'A smart move': Here's what 4 Wall Street analysts are saying about Tesla's $2 billion common stock offering
Tesla announced on Thursday plans to raise $US2 billion in funds through a common stock offering.
Renault cuts dividend, slices profit goal for 2020
French carmaker Renault warned that auto demand remained volatile, cut its dividend for 2019 and set a lower operating margin goal for 2020, a ...
RISE OF THE CIO: How the digital revolution is changing the role and making it a critical part of the C-suite
Business Insider explores the minds of top CIOs leading tech overhauls to see how they're dealing with the changing duties of the role.
5 bad money habits to give up sooner rather than later
We're not talking about pinching pennies — we're talking about bad money habits that are holding you back from building wealth.
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and eco
Digix, Developer of First Asset-backed Digital Gold Token, Launches Revamped Marketplace and Website
Digix, the developer of the first asset-backed digital gold token, recently upgraded its online marketplace and website. The company’s new marketplace and dig
Market movers: Stocks seeing action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
Google is quitting its free Wi-Fi business three months after SA launch
Just three months after Google launched its free public Wi-Fi initiative, known as Google Station, in South Africa, the Internet giant is backing out of the business worldwide.
Northern Ireland to Scotland bridge would be 'utter waste of money', SDLP says
The proposed bridge between Northern Ireland and Scotland would be an "utter waste of public mone...
Council says vehicle ban a success despite business complaints
Central Dunedin businesses are up in arms about cars and buses being banned in the Octagon. The Dunedin City Council is hailing the trial closure of the landmark as a success but retailers say it has left them out of pocket and unsure of their future if any ban becomes permanent. The council is holding a series of pedestrian-only trials in the Octagon from January to late March, at the cost of $150,000. The plan is being marketed as the Octagon Experience. The current trial, which began on 27 January and finishes on Sunday, is the most widespread.
NZX profit reflects growth in capital markets
The NZX says its full year result reflects the stellar performance of the capital markets over the past year, with momentum expected to drive growth in the coming year. The capital market operator's net profit rose 25.7 percent to $14.6 million in the year to December, and rose 7.1 percent on continuing operations. The market operator said it spent most of its capital investment to upgrade the NZX trading system and NZX Wealth Technologies over the past year. NZX chair James Miller said the 2019 results showed encouraging earnings growth, assisted by strong growth in the local market, which rose more than 30 percent over the year. "This extends the excellent run of New Zealand's sharemarket over the past decade," Miller said, noting the NZX's share price had increased 42 percent over that period.
CBOT Trends - Wheat up 3-5 cents, corn mixed, soy steady-down 2 cents
CHICAGO, Feb 14 (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 - Up 3 cents to 5 cents per bushel* Some end-of-week bargain buying expected to boost wheat market. Most-active CBOT wheat contract has fallen in three of the four previous trading sessions and is on track for a weekly loss of 1.9%.
Museveni lauds Vision Group on Harvest Money expo
I applaud the Vision Group for bringing us together to learn and showcase different products and available resources and technologies for us to advance the agricultural...
Stock investors say Ramaphosa’s speech was too light on details
Market participants will look for answers in the budget speech.
Shree Cement's Dec-quarter pre-tax profit up 2.8% at Rs 409 crore
PBT in Q3 of the last fiscal year stood at Rs 398.5 crore
HealthifyMe collaborates with online grocery players to tap wider markets
A pilot project in partnership with Swiggy to deliver healthy food launched in Gurgaon; mental wellness segment on anvil
ONGC's Dec-quarter PBT halves to Rs 5,998 cr on fall in oil, gas prices
Standalone net profit in the period at Rs 4,152 crore was 49.8 per cent lower than Rs 8,263 crore net profit in the same period of the previous fiscal year
Fortis Q3 net loss narrows to Rs 69.32 cr on good show in hospital business
The third quarter of 2019-20 continues to witness earnings growth with margin expansion in the hospitals business
AGR case: DoT officer who faced SC's wrath issued order after senior's nod
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
Euro rebounds as U.S. stocks drop, growth concerns remain
NEW YORK — The euro bounced against thegreenback on Friday as U.S. stocks declined from record highs,though concerns about growth in the eurozone are expected tokeep weighing on the single currency.
S&P 500, Dow little changed amid Covid-19 worries; Nvidia forecast buoys Nasdaq
NEW YORK, Feb 14 — The S&P 500 and the Dow barely moved today, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment...
Covid-19 hits Chinese health workers as economy limps back to life
BEIJING, Feb 14 — The new coronavirus has infected 1,700 Chinese health workers and killed six, authorities said today, as businesses struggled to balance containment measures with a return from an extended post-holiday break. Authorities reported 5,090 new cases in mainland China, including more...
Consumer Sentiment Soars on Improved Optimism and Best Income Gains Since 1960
Consumer sentiment climbed again in early February, moving toward the highest level in 15 years. | Economy
Africa's wealthiest man, Aliko Dangote, acquires additional shares worth $3.99 million in his Cement business
Africa's wealthiest man, Aliko Dangote, has acquired additional shares worth $3.99 million (N1.45 billion) in his publicly-listed company, Dangote Cement.
Free delivery, free food and discounts: local eateries fight plunging business amid coronavirus fears, Business Insider - Business Insider Singapore
Business Insider - F&B brands Business Insider spoke to said they were adopting new measures to attract customers, mainly centred around delivery and discounts.. Read more at businessinsider.sg
The DNC was reportedly 'intimately involved' with the creation of the infamous app that botched the Iowa caucuses, Business Insider - Business Insider Singapore
Business Insider - National Democratic party officials had requested access to the app before the caucuses, according to a report by Yahoo News.. Read more at businessinsider.sg
Financial anxiety can take a toll on teacher performance
Even where teachers earn well above the national average, financial anxiety can affect performance, attendance, and the likelihood they'll leave their job.
Mike Bloomberg once said taking too much money from the rich and giving it to the poor was a bigger problem than income inequality, Business Insider - Business Insider Singapore
Business Insider - "I think income inequality is a very big problem. But the bigger problem is, you can take money from the rich and move it over to the poor," he said.. Read more at businessinsider.sg
Canopy Rivers swings to loss, withdraws guidance on industry headwinds
TORONTO — Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry. The venture capital arm of Canopy Growth says it had a net loss of $2.
India needs urgent structural reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fi
Indian Overseas Bank to focus on MSME-lending: CEO
Laying more focus on the MSME segment, Indian Overseas Bank (IOB) will increase its lending to the sector from ₹31,000 crore at present to ₹50,000 crore in a couple of years from now, said a top offi
Forex reserves soar to record $473 b
India’s foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of the increase in foreign currency assets, according to RBI data. In t
Textile industry told to diversify to polyester to boost exports
Ravi Capoor, Secretary (Textiles), has urged the industry to diversify to polyester textile products to boost exports.His advice follows the government’s decision to abolish anti-dumping duty on P
India must focus on skill-based education
Initiating vocational training at the school level will make young people employment-ready and also boost India’s competitiveness
The casino hub of Macau will give residents money to keep its economy going during the coronavirus pandemic
Macau will give permanent residents 2.2 billion patacas, equivalent to $US274.9 million, to boost its economy once the deadly coronavirus outbreak subsides, according to officials.
U.S. Dollar Rises On Continued Flow Of 'Safe Haven' Money
The recent rise in the value of the US dollar appears to be connected with the flow of risk averse monies seeking a safe haven investment.This is not a new factor for US markets as the country has rec
Southwest's premium business card is offering a record-high welcome bonus of up to 100,000 points, but it won't last long
100,000 points leaves you just 25,000 points shy of qualifying for the Companion Pass. This offer is only available for a limited time, so don't wait.
The DNC was reportedly 'intimately involved' with the creation of the infamous app that botched the Iowa caucuses
National Democratic party officials had requested access to the app before the caucuses, according to a report by Yahoo News.
Why Southwold is family-owned brewing and pubs group's 'forever' home
Playing an active part in the community is
The casino hub of Macau will give residents money to keep its economy going during the coronavirus pandemic
Macau recently shut down its casinos, the city's primary industry. It has stemmed an outbreak of the coronavirus and hopes to keep the economy afloat.
Temasek arm sells Rs 204 crore Godrej Agrovet shares
The shares were offloaded on an average price of Rs 539.13, valuing the transaction at Rs 204.04 crore.
PAN to become inoperative after March 31 if not linked with Aadhaar: Income Tax Dept
PAN will become inoperative if it is not linked with Aadhaar by March 31, the I-T department has said.
No discounts, no problem: E-wallet users stick around despite less cash back
GoPay has the highest number "organic" users with 54 percent of respondents willing to continue using the e-wallet without promotions. OVO came in second with 29 percent organic users while DANA and LinkAja had 11 percent and 6 percent, respectively.
Strong will to take Turkish-Pakistani trade, economic ties to new heights
Ankara and Islamabad look to benefit from the increasing trend in recent years and raise their bilateral trade volume to $1 billion in short-term, before eventually increasing it to $5 billion
Japanese Regulator Blacklists AAFX, Justforex and GlobePro
The Kanto finance bureau of Japan’s Ministry of Finance (MoF) on Friday reminded the public to exercise caution when dealing with affiliates or introducing brokers of unregulated FX companies.
Calgary's housing market shows growing strength
The market is in better shape than you might think.The latest housing market update from the City of Calgary points to improving economic conditions that put Calgary’s housing market in balan…
Rand firmer after Ramaphosa’s speech, stocks flat
South Africa’s rand firmed on Friday after President Cyril Ramaphosa set out brief plans to stimulate economic growth during his state of the nation address, although his speech was short on specifics and timeframes.
Biz EOD: No relief for telcos in AGR row; WPI inflation worst in 8 months; CCI defends probe against Amazon
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
Exports contract for sixth straight month, trade deficit shoots up
While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December
No talks on opening up poultry and dairy markets to US companies: Govt
International media reports on Thursday suggested that India had finally allowed market access to chicken legs from the US
Open to tweaking Budget to address concerns of the industry, says FM
Finance ministry to come out with detailed rules on Vivad Se Vishwas Bill in a couple of days
Export of services rises 11.6% to $20 bn in Dec; imports up 10.3%
Surplus in trade services stood at $7.45 billion for December
Canopy Growth shares surge after reporting smaller-than-expected loss
To pacify investors impatient for profits, Canopy and its rivals started the year by announcing a wide range of cost reductions
Google-backed Digital Academy hailed a huge success
A four-month Shropshire Digital Skills Academy supported by Google has been hailed a massive success – with plans already in place to run it again later this year.
Dr M to announce economic stimulus package on Feb 27
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce an economic stimulus package on Feb 27 to mitigate the adverse external economic impacts brought about by the Covid-19 outbreak.
US manufacturing output hit by Boeing troubles, slips 0.1%
Excluding the production of airplanes and parts, factory production rose 0.3%.
N50.2bn Calabar-Odukpani-Itu Road dualisation ‘ll boost Economy – Presidency
SENIOR Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang has said that the award of outstanding portion of dua
Be fire conscious – GNFS advises
news, story, article
BusinessLine wins ANMI award
The Hindu BusinessLine won an award in the “Most Diversified Coverage-Newspaper” category at a ceremony organised by the Association of National Exchanges Members of India (ANMI) in New Delhi on Frida
I've spent 20 years as an elite matchmaker for the ultra-wealthy. Here's what playing cupid to millionaires is really like.
I have been in the professional matchmaking business for almost 20 years, and I work exclusively with millionaires and high-profile people who like to date under-the-radar and want to find the one thing they don’t have: their perfect partner in life.
AT&T: When The Market Crashes
AT&T's 5.5% dividend yield is compelling, and the payments keep growing, but what happens when the market crashes?This article reviews the health of the business, valuation, risks, dividend safety, an
I've spent 20 years as an elite matchmaker for the ultra-wealthy. Here's what playing cupid to millionaires is really like.
High-end matchmaker Samantha Daniels says millionaires expect her to develop "gold-digger radar" and deliver 7-star service.
'Money mules' arrested
Investigators have arrested an Ontario-based married couple accused of acting as "money mules" in the Canada Revenue Agency phone-and-internet scam, Mounties announced Friday, hailing the move as a significant development in their ongoing fight against the widespread scheme.
Pakistan has achieved all economic goals, IMF says
--Global financial body says 'govt has made considerable progress in last few months to advance economic reforms' The International Monetary Fund (IMF) on Friday announced that Pakistan
German economy stagnates as eurozone growth reaches 7-year low
Germany, Europe’s largest economy, has recorded a zero growth between October and December, as manufacturing remained in a slump and exports fell.
Get ready for global economy's dreadful future: Save more, work longer, and expect less
Ultra-low and negative interest rates are taking hold in countries where economic growth has been sluggish.
Washington lobbyist leading the push to break up corporate monopolies
Antitrust activist Sarah Miller is part of a push to rewire the US economy
Miami and Atlanta are more vulnerable to aftershocks from WeWork’s woes than cities like New York and San Francisco
Cities most vulnerable to a pullback in the office-share craze sparked by the rise of WeWork aren’t New York and San Francisco, according to a new DBRS...
Yes, that Harriet Tubman debit card is real, and no, she’s not supposed to be doing the Wakanda salute
Harriet Tubman is in fact saying the word “love” in American Sign Language, according to OneUnited, the black-owned bank that made the debit cards for Black History Month.
Washington Extends US Companies’ Cooperation With Huawei for Another 45 Days
Washington formally blacklisted Huawei in May 2019, but the Treasury has since repeatedly prolonged licences allowing US companies to do some business with the Chinese tech giant.
The Berniephobes Are Wrong
Wall Street fears the rise of the Vermont senator. The rest of America has less to worry about.
Saskatchewan's growth industry: Intensive livestock
When George Flotre ran a small farm, he knew every one of his cows. Now he only really knows Rita.
German economy flatlines after spending and exports slowdown
GDP growth at 0% for final quarter of 2019 with no upturn forecast in the short term
Bank accounts of over 200 NDMC employees hacked, money siphoned off in Feb
Though police have received only two complaints of online fraud from the employees, NDMC employees union says more than 200 employees have lost their money after being cheated online
Nirmala Sitharaman to meet industry bodies to assess coronavirus impact
The virus outbreak in China has claimed nearly 1,500 lives and infected over 60,000
See Modded Shelby GT500 Race Stock Dodge Demon At The Drag Strip
A recent video from Demonology pits a modified 2020 Mustang Shelby GT500 on street tires against a Challenger SRT Demon on drag radials.
FTSE 100 ends week lower after week AstraZeneca, RBS results
UK blue-chip shares fell for a second day on Friday after AstraZeneca and RBS reported underwhelming results, while investors remained unsettled because of concerns over the impact of the coronavirus outbreak on the global economy.
'I Didn't Reject Man Utd Because Of Money'
With Erling Haaland being arguably the most in-form striker in the world following his move to Borussia Dortmund, the Norwegian wonderkid has now dismissed claims that he rejected Manchester United to earn more money with the Bundesliga giants.
Huawei Malaysia is restocking a second batch pre-order of Sakura Pink Nova 7i for Valentines
Today, the first sale of the Huawei Nova 7i was reported to be sold out and due to the commercial success, Huawei Malaysia have announced that they will be restocking it again on their online stores at 6PM for the Sakura Pink model.
IMF's Georgieva: Coronavirus is big uncertainty today for world economy
The coronavirus outbreak is a big uncertainty for the world economy, International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said o
Netherlands to build capacity of GRA Personnel
news, story, article
Warren Buffett just lost $1 billion in 2 days after Kraft Heinz disappointed again
Warren Buffett lost more than $US1 billion this week after Kraft Heinz stock plummeted 11% in two days.
4 signs it's time to switch banks
If you've been with your bank since you were born and never considered switching, it may be time to take a look at your options.
LIC Housing Finance asks 14 developers to seek AIF funding
Experiencing growth in the sector, things will improve: MD
Duty cut to revive horse breeding
The National Horse Breeding Society of India has thanked the Union Finance Minister Nirmala Sitharaman for taking steps to help revive the horse-breeding industry and making ‘Make in India’ a possibil
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Irish firm signs €40m deal to supply European and UK markets
An Irish food company has signed a €40m deal with Lidl, which will see it supply its Irish, Eur...
Ex-Newsweek owner dodges jail after pleading guilty in money-laundering scandal
A $35 million fraud and money-laundering scandal that ensnared Newsweek magazine and a small California Bible college wrapped up Friday with guilty pleas from two executives who had helped mastermind
River Island’s Irish profits jump more than 50%
Gordon Deegan Pre-tax profits at the Irish arm of fashion retailer River Island increased by 53% to €4.89m in 2018, newly-filed accounts show.
Germany unlikely to stoke stuttering eurozone coffers
Germany entered 2020 with a flatlining economy and manufacturers in distress, leaving it ill prepared for continued trade uncertainty and the new coronavirus threat.
Kraft Heinz downgraded to junk status by Fitch Ratings
Food firm ends up with massive debt load due to deals and jeopardised credit ratings
Profits at River Island’s Irish arm rise 53%
Revenue declines by 15%
Olympic body writes off Pat Hickey’s €400k Rio bail money
Money used to allow Hickey to receive bail following his arrest by the Rio police
2019 brings first and highest current account surplus since 2001
Turkey achieved a higher-than-expected current account surplus in 2019, its first and highest surplus since 2001, official data showed Friday. Having...
Finance technology takes lion's share of investment in 2019
Fintech startups worldwide managed to attract over 30% more investments last year compared to 2018, taking the lion's share of investment deals, while fintech startups in Turkey inked 17 investment deals worth $8.4 million
Ag markets turn mostly lower Friday
Investors could remain on the sidelines until the March Prospective Planting Report, one analyst says.
20 money mistakes to avoid making in the name of love
From secrecy and poor communication to conflicting priorities and plain old bad decisions, some of the best relationship advice helps two people avoid the pitfalls of money mistakes in romance.
Forbes: Despite losing record, Phoenix Suns' value increases
Despite continuous seasons of losing records on the court, the value of Phoenix Suns increased again this year, according to Forbes, which released its annual list of National Basketball Association valuations this week.