Economy 403
GDP data: All three engines driving economic growth are stalling
While the concerted decline in economic drivers calls for multi-pronged efforts to arrest it, stimulus measures so far have focussed mainly on an investment revival
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
Green is the new black! Kilkenny launches shop local Green Friday Campaign
Say goodbye to Black Friday and hello to Green Friday by buying Irish brands and products on November 29, urges a leading Irish retailer. Green Friday is an initiative led by Marian O’Gorman of ...
Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
Another blow for Georgiou
SCA dismisses an appeal against a high court decision ordering him to honour an HS buyback agreement.
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
The Yen Isn't What It Used To Be
$USDJPY:$SPX ratio sinks to new lows, showing further de-correlation between the two assets.President Trump signing the Hong Kong bill in favor of protesters may be just what JPY bulls need.$USDJPY 1:
OUTA: Endless SOE Bailouts Now Exceed Departments Budgets
The Organisation Undoing Tax Abuse (Outa) on Friday told Parliament that current interventions at state-owned entities (SOEs), like Eskom and South African Airways (SAA), were not working. Outa was making its submission during the public hearings on the 2019 Adjustments Appropriation Bill and the 2019 Medium-Term Budget Policy Statement. The objective of the Bill was to effect adjustments to the appropriation […]
IDAX Crypto Exchange CEO Disappears Amidst Exit Scam Rumors
IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019.
GDP Growth Rate: Deeply Worrying, Says Manmohan Singh; Will Pick up From Next Quarter, Claims Ministry
Many industrialists tell me that they live in an atmosphere of fear in our society today, former PM Manmohan Singh said denouncing Centre's economic policies
Save £3,000 on these Panerai and Jaeger-LeCoultre watches at Goldsmiths
Pre-ordered luxury Swiss watches get massive discounts for Black Friday
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem
A wealth tax could have cut Jeff Bezos' fortune in half and made Bill Gates $61 billion less rich, but it might not do anything to make the economy feel more fair to the middle class, Bloomberg columnist Noah Smith argued in a recent column.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Down Detector.
Stock markets tread water as all quiet on trade war front
LONDON, Nov 29 — Stock traders found little to get the pulse racing today as the trade war front was eerily quiet and Thanksgiving sapped global trading volumes. “It’s been quite the forgettable week and I don’t think today is going to be any more memorable,” said Craig Erlam, Senior...
B.C. home sales continue to climb, hitting highest activity level in nearly two years
B.C. home sales remained on an upswing in October with MLS sales up 1.3% from September and 16% year-over-year.
Here’s everything we know about WeWork’s layoffs and next steps as the co-working giant looks to right itself
Here’s everything we know about what’s going on inside WeWork:
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
Fisher Funds takes gong for Fund Manager of the Year
Fisher Funds was crowned overall Good Returns Fund Manager of the Year at the inaugural Good Returns Research IP awards ceremony, held last night in Auckland.
Ontario court dismisses Subway's lawsuit against CBC over chicken report
An Ontario court has dismissed a lawsuit filed by Subway against the CBC over a report on the content of its chicken sandwiches, but says legal action again
Black Friday 'ruined' by NatWest banking outage, customers complain, after it leaves them unable to access accounts
Black Friday was "ruined" by a Natwest banking outage, customers have complained after being unable to access their bank accounts.
This Fancypants Sonic Toothbrush is 70% Off for Black Friday
You'll be eating a tonne of sugary, chocolatey, unhealthy crap this Christmas (don't kid yourself, you will) – so you'll be needing a really good toothbrush to make sure you've still got any chompers left in January.
Biz EOD: GDP growth slows down to 4.5%; RBI may cut repo rate; Fiscal deficit of 3.9% realistic, says Uday Kotak
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report
You can now decorate your Christmas tree with glitter gravy baubles
A Christmas staple reinvented and hung on the tree!
Buffett outbid by private equity in Berkshire’s big deal hunt
Apollo Global Management tops Berkshire's share bid for technology distribution company.
GRAINS-Chicago soybean prices slip as U.S.-China tensions grow
* U.S.-China talks shift to Shanghai this week* Wheat underpinned by declining outlook for Russia's crop* No deliveries against CBOT December wheat or corn contracts (Recasts with U.S. trading, adds quotes, updates prices, changes dateline from LONDON)By P.J. HuffstutterCHICAGO, Nov 29 (Reuters) - Chicago soybean futures slipped on Friday with the market closely watching for updates on U.S.-China trade talks, and traders less than impressed with a jump in recent soybean export sales between the two countries.
Swedish brand H&M tests clothing rental service
Hennes & Mauritz AB is testing out a clothing rental service as the fashion industry faces mounting criticism for waste and pollution. Consumers can rent garments for 350 kronor ($37) a week i
Dangote Sugar Refinery: Revenue recovers but cost pressures remain
Dangote Sugar in its recently released 9M 2019 financials reported a marginal y/y growth in revenue to N117.4 billion in 9M 2019.
Most fund managers since 2011 see South Africa equities as cheap
More fund managers also see local bonds as undervalued, survey shows.
Football Manager 2020 releases at No. 1 in EMEAA charts
Football Manager beats out Q4 big-hitters, but otherwise charts remain steady as holiday season looms
Waiguru Takes Matiang'i Shopping [PHOTOS]
Interior CS Fred Matiang'i and Kirinyaga Governor Anne Waiguru spent the day at...
Taobao's cargo ship with items from 11.11 sales sank deep into the ocean
This must be a really devastating news to some of the fanatic buyers during the 11.11 sales. It is reported that over 879 tonnes of cargo shipped from China sunk into the open ocean after encountered a collision. The cargo mainly consists of products purchased from Taobao during the sales. The repercussions of this incident involved not only Taobao and its consumers, but also the lives of the ship’s crew members.
Forex kitty continues to move up, closes in $449 billion mark
India Business News: Foreign exchange reserves continued the upward move, gaining by a modest $347 million to touch a new high of $448.6 billion in the week to November 22
Alaska governor marks 1st year in office amid turmoil
JUNEAU, Alaska (AP) - Alaska Gov. Mike Dunleavy says he hopes to move past the rancor of his first year in office, amid an unsettled dispute with lawmakers over state spending and threat of a recall effort.
World’s First-Ever HIV Positive Sperm Bank Is Now Accepting Donations
The bank aims to give those with HIV the same opportunities as everyone else.
Mayo firm a winner in InterTradeIreland Seedcorn competition
A MAYO firm was one of the main winners at the prestigious InterTradeIreland Seedcorn Investor Readiness Competition final, held at the Guinness Storehouse in Dublin.
Warren Buffett gets outbid by private equity amid Berkshire's 'elephant-sized' deal hunt
While Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money
CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead
The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the
Canada: GDP masks sharp improvement in Canadian business investment for Q3 – TDS
Commenting on Friday's Gross Domestic Report from Canada, "GDP growth was in line with market expectations, with the Canadian economy growing 1.3% (an
3 apps to help you save money when online shopping
Everyone is trying to get the best deals this holiday season but with these apps, the savings last all year.
Forex reserve hits fresh record high of $449 billion
In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
Coinbase Denies Reports on Takeover of Prime Broker Tagomi
Coinbase has acquired Tagomi, a US-based prime broker that specializes in trade execution and digital asset markets for $150 million
Economy set to grow at much faster pace: P. K. Mishra
Mr. Mishra, however, acknowledged that in recent months India had witnessed a slowdown in growth.
Tracking David Abrams' Abrams Capital Management Portfolio - Q3 2019 Update
David Abrams' 13F portfolio value decreased this quarter from $3.68B to $3.57B. The number of positions increased from 19 to 20.Abrams Capital Management added Altaba while increasing Teva Pharmaceuti
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem, Business Insider - Business Insider Singapore
Business Insider - captionDemocratic presidential candidate, Sen. Elizabeth Warren (D-MA) speaks to her supporters after officially filing to be on the ballot for the New Hampshire state primary at the State House on…. Read more at businessinsider.sg
Supermax is optimistic on FY2020
PETALING JAYA: Supermax Corp Bhd remains optimistic on its financial year 2020 prospect despite posting a lower net profit in the first quarter (Q1) ended September 30, 2019.
Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Buffett outbid by private equity in Berkshire's big deal hunt
Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.
Telkom walks away after Cell C rejects offer
Telkom has withdrawn a cautionary notice to shareholders about its proposed acquisition of Cell C after the board of the mobile operator spurned its approaches.
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
P-8A Poseidon base works commence - Ron Mark
Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today.
Scottish meat doesn’t cost the Earth
Find out why Scotland’s weather and landscape is perfect for cattle and sheep.
GAIL Gas launches payment options for PNG connections in Mangaluru
GAIL Gas Ltd, which has been authorised to implement City Gas Distribution (CGD) project in Dakshina Kannada district, has introduced three payment options for getting domestic PNG (piped natural gas)
GDP at 4.5%: What is recession?
Q2 GDP: Recession, simply put, is when an economy starts to decline in value. It means that the country is producing and earning less than what it did before
The wealth gap is one of the defining issues in the US right now, but proposals that punish the wealthy could be focusing on the wrong part of the problem
A wealth tax could have cut Jeff Bezos’ fortune in half and made Bill Gates $US61 billion less rich, but it might not do anything to make the economy feel more fair to the middle class, Bloomberg columnist Noah Smith argued in a recent column.
Russia removes restrictions on two Brazilian beef plants - regulator
MOSCOW, Nov 29 (Reuters) - Russia's agriculture safety watchdog said on Friday it removed temporary restrictions on beef supplies to Russia from two plants in Brazil starting from Nov. 29.One of the plants authorized to resume sales to Russia is operated by Minerva SA and the other one by JBS , the Russian regulator, Rosselkhoznadzor said in a statement.
MTAA Super and Tasplan to merge in a $23 billion superannuation deal
The industry superannuation sector will see the arrival of a $23 billion giant with the merger of MTAA Super and Tasplan Super from October 1 2020.
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020.
SEBI to decide on interim relief to Karvy by Monday: SAT
The Securities and Appellate Tribunal (SAT) has asked SEBI to decide on giving interim relief to Karvy Stock Broking by Monday. SAT has asked SEBI to consider allowing Karvy limited use of power of at
1850 telephone calls to cost no more than a local call from Sunday
Comreg’s overhaul of rates comes as survey shows 37% of consumers believe freecall 1800 numbers are charged
Anti-Abortion Bill Requires Doctors to Perform Procedure That They Say Does Not Exist
Lawmakers in the Ohio State Legislature recently introduced an anti-abortion bill which forces doctors to “re-implant an ectopic pregnancy” into a woman’s uterus or face a felony “abortion murder” charge. However, according to doctors, there is a substantial problem with the bill – no such procedure exists in medical science.
National Treasury issues warning on scams as festive season looms | IOL News
National Treasury has issued a warning to companies doing business with it, saying there could be a potential escalation ...
Europe to consider law on climate neutrality by March
BRUSSELS (Reuters) - The European Union executive will propose by March 2020 a new climate law to turn the bloc neutral in terms of carbon dioxide emissions by 2050 and help lead the struggle against global warming, a draft showed on Friday.
Best And Worst Q4 2019: All Cap Growth ETFs And Mutual Funds
The All Cap Growth style ranks seventh in Q4'19.Based on an aggregation of ratings of 26 ETFs and 545 mutual funds in the All Cap Growth style.TTAC is our top-rated All Cap Growth ETF and NLAFX is our
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
Sondland Won’t Resign After Three Sexual Misconduct Allegations
Ambassador to the EU Gordon Sondland will not resign after three women came forward with detailed accounts of his sexual...
6 signs you probably need a financial adviser, even if you think you don't
If you don't have someone managing your money and you don't know how to do it yourself, it's harder to reach long-term goals like retirement.
The Liveris Formula: Dow’s Inclusive Capitalism
Parasites have a certain weight in history. Donors to a system, a state, a company, always claim to be giving back what they advertise as their hard earned cash. Andrew N. Liveris is one such character. Former CEO of the Dow Chemical corporation, he is a face associated with a company that was responsible for manufacturing the defoliating Agent Orange and napalm.
CrowdOwnership: LandWey launches online investment platform for real estate co-ownership
In a bid to create a profitable, vibrant and viable entry into real estate investment by pooling intending real estate investors together to collectively...
Black Friday: more than 50% off dog crates and pet carriers today only
Get your pet the travel and play accessories it deserves and save pounds in the process
India quarterly growth falls to worst level in six years
MUMBAI, Nov 29 — India’s economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 per cent from 7.0 per cent a year ago, according to government figures released today that piled more pressure on Prime Minister Narendra Modi. The expansion in Asia’s...
Extraordinary rescue from ends of the earth
29 November 2019
Don't miss out on this amazing deal on a Secretlab TITAN gaming chair
These amazing gaming chairs from Secretlab have A-grade leather, tons of adjustability, and sturdy, durable frames. Because of that, they're the best gaming chairs that you can get this Black Friday — and for a great price. Check out these deals!
These 10 Educational Bundles Are All on Sale for Black Friday
When it comes to succeeding in virtually any industry, continuing education is key. That’s why we’ve rounded up the best deals on bundles that teach everything from Excel to electrical engineering, and each one is available for an additional 60% off when you enter the coupon code BFSAVE60 at checkout.
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
RFU director Nigel Melville to step down in December
The director of professional rugby has been in position since July 2016.
UK online supermarket Ocado strikes AI deal in Japan
UK online supermarket Ocado is venturing further outside its main market, announcing Friday a deal to provide artificial intelligence (AI) capabilities to Japanese retail giant Aeon.
Caitlyn Jenner reveals how much Kylie spends on security – after obsessed fan showed up at her home
The reality star spends a huge amount of money in order to feel safe
Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift
"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs
F&O: Nifty outlook bullish till it holds above 11,980-12,000 zone
Maximum Put open interest was at 12,000 followed by 11500 strike.
Sensex tumbles 336 points ahead of GDP data
Yes Bank was the top loser in the Sensex pack, shedding 2.50 per cent, followed by HUL that fell 2.37 per cent, M&M 2.12 per cent, SBI 2.03 per cent, Tata Motors 2.03 per cent and Vedanta 1.97 per cent.
Johnny Depp producing Michael Jackson musical 'as told by his glove'
The production is described as ‘a fresh, revisionist look at the strange forces that shaped Jackson and the scandals that bedevilled him’
Lonely and hungry
We’re reminded every year how many Canadians are left behind in our society, without enough food. Hunger Count 2019 has just been released.
Natwest and RBS customers miss out on Black Friday deals after apps go down
It happened at the worst possible time for bargain hunters.
Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet
A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing.
3 Dividend Stocks Ideal for Retirees
Utility stocks don't often make the business-news headlines, but that doesn't mean they're can't be great fits for income-focused retirees' portfolios.
RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
Vodacom dismisses CEO departure talk
Vodacom Group denied reports CEO Shameel Joosub (pictured) was heading for the door, but revealed ...
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
Evolution Mining's Red Lake Mine Acquisition - A Bet On Exploration Success
Newmont Goldcorp will sell the Red Lake mine to Evolution Mining for $375 million, plus contingency payments of up to $100 million.Evolution will invest $100 million to improve the mine operations and
Brad Gobright, who died in Mexico fall, on what drew him to rock climbing – video
The publication Rock and Ice described Gobright as 'one of the most accomplished free solo climbers in the world'
Scottish Natural Heritage apologises for killing hundreds of trees
More than 300 beech trees were deliberately poisoned by the organisation on an island in Loch Lomond.
Reprieve For Customers As Co-op Bank Scraps Balance Enquiry Charges
The Co-operative Bank has announced that it is scrapping all balance inquiry charges to its customers.In a statement posted on it social media pages, Co-op Bank said the move was as a result of cu
European Space Agency with a Record Budget
European Space Agency (ESA) members agreed Thursday a record 14.4 billion euros budget, promising to maintain Europe's place at the top table as the United States and China press ahead and industry disruptors such as Elon Musk's Space X present new challenges, AFP reported.
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
TymeBank already eyeing next million customers
After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.
Eurozone inflation jumps more than expected in November – ING
The increase in both headline and core inflation was driven by strong growth in services prices. Still, don't assume this has implications for the Eur
Gospel artist Solly Moholo performs for stranded taxi passengers
This is a rare sight and the passengers were pleasantly surprised.
Thai court fines Philip Morris $39.7 million for tax evasion
BANGKOK (AP) - A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million).
AGR dues: Bharti Airtel to seek board nod for raising funds on December 4
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue
Black Friday opening times for Aldi, Lidl, Waitrose and Co-op
Black Friday 2019 is here.
Why Bailouts Are The Solution For Companies That Are Too Big To Fail
Ideal regulators may reduce the necessity of a bailout; but they may still be required in times of extreme duress.
Caitlyn Jenner reveals how much Kylie spends on security – after obsessed fan showed up at her home
The reality star spends a huge amount of money in order to feel safe
Tenants want better in Auckland metropolitan office market
Colliers International Research’s latest annual review of the Auckland metropolitan office market shows a busy year of activity with ongoing occupier demand for higher quality spaces leading to the construction of new buildings and refurbishment of existing premises.
The 10 Deals We Actually Wanted This Black Friday
We love a bargain as much as anyone else, as you might have noticed from our epic coverage of Black Friday. But we can't help noticing that all the offers are from retailers, when actually we'd quite like to see some killer deals on all the other things we spend our hard-earned money on.
HSBC and Santander customers to get £8m in refunds over overdraft breaches
'We are very sorry that some customers in certain circumstances were not sent the required overdraft alerts'
Phillips 66: IMO 2020 Will Likely Lead To Surge In Refining Profits
Over the past five years, PSX has not only outperformed the broad energy sector, but has also beaten the S&P 500.Still, the company's P/E is less than half that of the broad S&P 500, while the dividen
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Thai court fines Philip Morris $39.7 million for tax evasion
BANGKOK (AP) - A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million).
Hong Kong customs seizes $50 mln smuggled frozen meat to mainland China
BEIJING/HONG KONG, Nov 29 (Reuters) - Hong Kong customs seized about 540 tonnes of suspected smuggled frozen meat with an estimated market value of about $50 million, the authority said in a statement on Friday, case of its kind in the past decade.The meat was found aboard four suspicious fishing vessels that were leaving Hong Kong, the customs authority said in a statement. Local broadcaster RTHK said the vessels were allegedly bound for mainland China.
Adani group shares rally up to 13% as CCI approves Total Group's 37.4% stake buy
Adani Gas share price rallied as much as 12.77 per cent to Rs 168.60 apiece on the BSE after the CCI approved the acquisition of 37.4 per cent shareholding and joint control by Total Group in Adani Gas
Italy: Annual GDP in Q3 grew 0.3% as expected
The Gross Domestic Product (GDP) in Italy expanded by 0.1% on a quarterly basis in the third quarter and came in at 0.3% on a yearly basis with both r
Christmas bonus for Carrick-on-Suir Credit Union members
Carrick-on-Suir Credit Union Ltd is reporting a strong 2019. The credit union has provided €5.8 million in loans to the local community over the past year. Membership has grown and it now h...
Germany's Daimler to cut 'thousands' of jobs over 3 years
Daimler says it plans to cut thousands of jobs worldwide by the end of 2022. The German automaker says it plans not to fill some vacant posts and to offer severance packages in Germany to reduce administrative jobs.
$5.8B deficit over 6 months
The federal government ran a deficit of $5.8 billion over the first six months of its 2019-20 fiscal year compared with a surplus of $1.2 billion in the same period last year.
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
NAF jet destroys insurgents gun trucks at Borgozo in Borno
The Nigerian Air Force (NAF) says its Air Task Force (ATF) of Operation LAFIYA DOLE has destroyed two Boko Haram Terrorists’ (BHTs) gun trucks and killed some fighters at Borgozo in Borno.
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
DHFL: RBI initiates corporate insolvency resolution process
The Reserve Bank of India (RBI) on Friday filed an application for initiation of corporate insolvency resolution process against the financially stressed Dewan Housing Finance Corporation Ltd (DHFL) u
Sensex tumbles 336 points ahead of GDP data
NSE Nifty also settled 95.10 points down.
Turkish financial sector buys 85.05% stake in JCR Eurasia
Turkey's leading banking and financial institutions inked a deal to buy 85.05% of credit rating agency JCR Eurasia, Turkey's banking association said on...
Centum Group half-year profit quadruples
The income was realised mainly as a result of net gains on disposal of three companies.
Virgin Media accused of signing up pensioner for TV contract without permission
'I've heard of a hard sell, but that takes the biscuit'
MARINE AND COASTAL ACCESS ACT 2009
APPLICATION FOR GREATER GABBARD OFFSHORE WIND FARM - REINSTATEMENT OF SAFE FISHING ENVIRONMENT, CABLE PROTECTION AND SCOUR REMEDIATION WORKS
EXCLUSIVE: Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghv100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation and the perennial depreciation of the currency have eroded, in real terms, the face value of the series of the notes” forced government to take the decision. He explained that a lot of thinking and consultations took place. A lot “thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions. We need banknotes and coins that are convenient for most people to use, high quality, secure and cost effective.” He added. A promotional release by BoG read in part:
Record-Breaking Free Climber Dies Falling 600 Feet In Mexico
Record-breaking free climber Brad Gobright has died after falling more than 600 feet during a climb in Mexico
Black Friday 2019: 88% Off PureVPN
If you've been shopping around for a decent VPN, you may be in luck. Named as one of the top VPNs of 2019, PureVPN is usually quite pricey, but it currently available for only $1.32 a month....
UK Commits £1.8 Billion to European Space Agency
With a £1,870 million investment over the next five years the UK has reaffirmed its commitment to the ESA. The ESA Budget Increased By 10%
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
W Resources begins tungsten and tin production at La Parrilla mine
Mining firm W Resources has commenced tungsten and tin concentrate production for sale at its La Parrilla mine located in Spain.
Swedish startup Bokio books €4 million to expand its SMB accountancy software across UK
Bokio, the Swedish startup applying AI to small business bookkeeping, has raised a €4 million round, led by Stockholm-based VC firm, creandum, with support from Svea and Chris Adelsbach. For small businesses, sole traders, and freelancers, Bokio supports a wide range of administrative tasks including invoicing, employee expenses, reporting and VAT returns. The interface is […]
Sensex plunges 336 points ahead of GDP data release for September quarter
The top gainers on the Sensex were Bharti Airtel, HDFC Bank, and NTPC.
The Aramco IPO And The OPEC Meeting Could Support The Price Of Crude Oil
The Saudis want to sell a piece of Aramco.Watch the OPEC meeting for clues.Iran provides support for the energy commodity.U.S. energy policy could shift.UCO and SCO are tools for those who do not trad
India's apparel exports to EU face a duty disadvantage: Smriti Irani
India's exports of textile and apparel sector (including handicrafts) have increased from USD 39.3 billion (around Rs ) in 2017-18 to USD 40.4 billion in 2018-19," Irani said in a written reply to the Lok Sabha.
It’s a rush for FASTags as banks, customers gear up for Dec 15 deadline
Banks come out with offers such as doorstep delivery and free movie tickets
Newcastle Grainger Market opening hours - when to go for food, shopping and more
The covered market is home to street food stalls, cafes, greengrocers, butchers, fishmongers and more
Digital Payments: Modi’s Idea of A Cashless India Is Going Steady and Strong
As compared to FY 2014-15, the digital transaction volume for FY 2018-19 has grown five-fold.
Telkom Says Cell C Has Rejected Takeover Offer
JOHANNESBURG – Telkom SA said on Friday the board of its larger but troubled rival Cell C had rejected its takeover bid. “The Telkom Board continues to believe the offer is a compelling proposition that would have created significant value for all stakeholders including Telkom’s shareholders,” the statement said. Cell C is majority-owned by Blue […]
Cotton - The Fluffy Fiber Continues To Work Its Way Higher
A recovery to 96.50 cents ran out of steam in June 2018.Cotton falls to just over the 2016 bottom.A bullish pattern since late August.Levels to watch in the cotton market.BAL is the cotton ETN product
Is India Inc getting aggressive on cutting costs via VRS?
Voluntary retirement scheme (VRS) is a popular method to reduce surplus staff. Many large public and private sector companies have implemented VRS in recent years
Inside the cheapest house for sale on Rightmove in Derby right now
It's on the market for less that half the average price of a terrace house in the area
ACB Stock Price: Aurora Cannabis Inc. sets higher lows, shrugging off financial fears
Aurora Cannabis Incorporated, which is headquartered in Edmonton and trades at the Toronto Stock Exchange (TSE) has risen on Thursday at and closed at
Daily Mail owner to buy i newspaper and website for £50m
Mail group sees opportunities for cost synergies
Focus will be on Canadian GDP – TDS
Analysts at TD Securities (TDS) offered a brief preview of Friday's only important release of the Canadian GDP growth figures, scheduled later during
German auto industry group appoints former Merkel aide
BERLIN (AP) - An influential group representing the German auto industry has chosen Hildegard Mueller, who was once a senior aide to Chancellor Angela Merkel, as its new leader.
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
German auto industry group appoints former Merkel aide
BERLIN (AP) - An influential group representing the German auto industry has chosen Hildegard Mueller, who was once a senior aide to Chancellor Angela Merkel, as its new leader.
NZ First ‘Agrees to Disagree’ Over Tobacco Excise Increase
New Zealand First ‘Agrees to Disagree’ Over Tobacco Excise Increase
Canada Q3 GDP growth slower, but details better – RBC
Nathan Janzen – Senior Economist at Royal Bank of Canada (RBC) – offered his take on Friday's release of the Canadian GDP report, which showed a shar
Man wins Supreme Court appeal for more detail in mortgage debt judgment demand
Joseph O’Malley, from Westport, said he was confused and uncertain over his liability
Hike in Onion Price? Thieves in West Bengal steal onions instead of Cash
With the hike in prices of Onion up to Rs 100 per kilo in West Bengal, onions have seemingly become more alluring for thieves than cash
Next week’s key events in developed markets – ING
Analysts at ING offered a brief overview of the upcoming important market-moving economic releases/events, including a batch of sentiment indicators i
Forex kitty continues to move up, closes in $449 billion mark
In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion
Lawrence Kenwright tells of regret over Signature Living investor complaints
Hotel boss apologises for delays and poor communications
Mercedes-Benz owner to slash 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with
Wall Street starts holiday-shortened day in red
Wall Street's main indexes started the day in the negative territory on Friday as investors returned from the Thanksgiving Day holiday break. As of wr
The Looming Calendar Anomaly In Junk Bonds
A seasonal supply/demand imbalance in high-yield bond markets has traditionally led to strong performance in December and January. This has led to a historically bankable strategy to capture alpha fro
Larry Ellison Picks Storied Lake Tahoe Property for Next Nobu Getaway
Robert De Niro and his hospitality team are joining with the Oracle billionaire to remake Cal Neva, owned in its Rat Pack heyday by Frank Sinatra.
Springbok legend ‘spiritually strong’ in cancer battle
Prayers have flooded in for Springbok legend Carel du Plessis who has undergone brain surgery as he continues his fight against cancer.
SAT asks Sebi to look into Karvy's plea on power of attorney issue
Sebi on November 22 had barred Karvy from taking new clients in respect of its stock broking activities.
Buying a BS4 car
Should I buy a BS4 car or do I wait for a BS6 model and will there be any restrictions on the former after four or five years?
Patanjali secures Rs 3,200 cr loan from SBI, other banks to buy Ruchi Soya
Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank
Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem
The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
US redwood sequoia company wins approval
A US company wanting to grow giant redwood trees here to sell the lumber back home has won the right to buy another 4000ha in New Zealand. Tough restrictions on cutting down Redwood, or Sequoia, in the US means people cannot get enough of it to use as a building material. The wood is especially popular for things like decking and outdoor furniture, as it is admired as both attractive and robust. To meet the need, the Soper Wheeler Company of California set up the New Zealand Redwood Company in Taupō in 2001. New Zealand's moist climate allows higher growth rates for Sequoia than in California.
FPA Crescent Fund Q3 2019 Commentary
The Fund seeks to generate equity-like returns over the long term, take less risk than the market and avoid permanent impairment of capital. We invest across capital structure, geographies, sectors.FP
Meet the man behind B.C.’s bong laundromat
Because no one has ever expressed a desire to scrub out the ash, tar and resin from these joy delivery systems, Jordan Robinson saw an opportunity. The Kamloops man recently launched the . . .
NatWest online glitch resolved
One man tells of difficulty paying for a prescription, while Black Friday shoppers are also hit.
Canada’s economy slowed in third quarter
OTTAWA, Nov 29 — Canada’s economy put on the brakes in the third quarter sending growth falling to 1.3 per cent, or almost one-third of the previous three months’ GDP, the government statistical agency said today. Statistics Canada blamed a drop in exports for the slowdown, noting that it was...
Steinmetz fails to overturn $1.25bn arbitration award
London High Court tells mining group BSGR ‘no apparent bias or procedural irregularity’
SECA Evening Event: Venture capital for family offices, insurance firms and pension funds
This event is aimed at managers and decision-makers from the investment sector of Swiss family offices, insurance firms and pension funds.
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
AUD/USD slumps to fresh multi-week highs near 0.6760 on broad USD strength
After rebounding to 0.6780 area during the European trading hours, the AUD/USD pair lost its traction in the last hour pressured by the broad-based US
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know., Business Insider - Business Insider Singapore
Business Insider - Here's the latest news about Goldman Sachs.. Read more at businessinsider.sg
Bills Cole Beasley Takes Shot At Cowboys After Revenge Game Win (VIDEO + TWEET)
(Photo by Richard Rodriguez/Getty Images) Cole Beasley spent all offseason throwing shots at his former team after they elected to…
The Purpose Of A Business
Is the purpose of a business just to make money?
Payback Time: The myth that keeps Canadians on a financial treadmill
In a new weekly retirement column, personal finance columnist Dale Jackson will cut through the noise and deal with the issues that forge a stable retirement.
Kerala Bank comes into being
Administrator rule of district cooperative banks ends
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
Brexit Britain’s big talk on space fails to fly
European aerospace firms get in work contracts as much as their governments fund the European Space Agency, but the UK lags behind.
Overstock Shareholders Compete to Lead Class Against tZERO’s Parent
E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr
After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement
Sensex tumbles 336 pointts ahead of GDP data
The 30-share Sensex pared some losses, ending 336.36 points or 0.82 per cent lower at 40,793.81.
Government of Ghana talks about Ghc 100 and Ghc 200 currency notes
The Governor of the Central Bank of Ghana, Dr. Ernest Addison has explained the rationale behind the government’s policy decision to introduc
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here's everything you need to know.
Here's the latest news about Goldman Sachs.
China's financial warning signs flashing nearly everywhere as policymakers scramble
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
Indian Rupee Billed as "Overvalued" and Set for Declines after GDP Disappointment
British Pound vs Indian Rupee - Latest Exchange Rate News and Forecasts for Converting Pounds to Euros Today
Law Enforcement Shuts Down Imminent Monitor Malware, Makes Arrests
Law enforcement agencies from numerous countries have shut down the Imminent Monitor Remote Access Trojan (RAT) and have arrested thirteen of its most prolific users.
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.
Here’s everything we know about what’s going on inside Goldman, from its changing tech culture to shakeups in its inner ranks.
Nefertiti's bust joins the digital age
A stunningly detailed 3D model of the Nesfertiti bust is now available to download.
Financial boost for minority media
Newspapers run by members of the Armenian, Greek and Jewish communities are to receive extra state funds thanks to an affirmative action scheme. The...
The Hidden Trucking Industry Subsidy
This US based article shows we ‘public’ give an exorbitant unfair amount of subsidy to the trucking industry.
NATO spending tweak lets Berlin push back on Trump
US will pay less for budget that covers alliance HQ while Germany pays a little more.
Experts on GDP numbers: 'Worst is not past us'
Former Chief Statistician of India, Pronab Sen said the manufacturing showing negative growth is certainly worrying. "I don't think the growth has bottomed out, the growth figures may continue to decline the next quarter too, however, post fourth quarter may show some recovery owing to the base effect," Sen said.
StudentFinance.com, founded by the team behind Uniplaces, raises €1.15 million to reshape education financing using AI technology
StudentFinance, a Fintech company created by the founders of Uniplaces, has today announced it has closed a €1.15 million seed round of funding led by Seedcamp (investors in Revolut and TransferWise – two of the largest fintechs in Europe) and Mustard Seed Maze.
CBOT Trends - Corn, wheat seen steady to higher; soybeans mixed
CHICAGO, Nov 29 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.The markets were closed on Thursday for the Thanksgiving holiday.WHEAT - Steady to up 2 cents per bushel* There were no deliveries against the CBOT's December wheat contract on first notice day on Friday. Traders expected deliveries of zero to 400 contracts, with most anticipating none.
US merger rush stirs debate over equities bull market
Some see signs of rally’s impending end in rash of multibillion dollar tie-ups
$20 Billion in Assets on the Move to New Blockchain in 2020 by British Powerhouse HSBC: Report
Blockchain technology will power a new platform launched by HSBC. Reuters reports that the British banking giant is releasing Digital Vault in 2020. The blockchain-based custody solution will grant investors real-time data for securities that are bought on private markets. Paper records primarily comprising private placement transactions will be swapped for blockchain records, making HSBC’s […]
New World Fund sells Adani Ports shares worth Rs 401 crore
Bulk deal data on the BSE showed that 1,06,87,163 scrips were sold at an average price of Rs 375.34 apiece.
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
Q&A: How PSD2 will impact fraud on Black Friday
With online spending continuing to rise online for Black Friday, web retailers need to consider how best to ensure PSD2 compliance in order to keep consumers secure without compromising their user experience.
Sensex falls 336 points to close at 40,794 ahead of GDP data; Nifty below 12,050
India Business News: Equity indices on Friday ended in red with the benchmark BSE sensex plunging over 300 points ahead of quarterly GDP growth data release. The 30-share
The Death of FX Volatility
Volatility in the Euro-Dollar exchange rate reached an all-time low this week, and dying volatility is being recorded in most other major currency pairs as we enter the final month of the year
Zuma and Thales’ leave to appeal dismissed with costs
Former president Jacob Zuma’s leave to appeal the refusal of a permanent stay of the graft charges he faces was denied with costs by a full bench of the Pietermaritzburg High Court on Friday.The leave to appeal for French arms manufacturer Thales was also dismissed with costs.Advocate Muzi Sik
Reach share price jumps as Mirror owner pulls out of JPI talks
Shares in the publisher jumped higher in early trading after it also reported a 4.4% decline in revenue for the five months to November 24.
Save up to 60% on Calvin Klein, Jimmy Choo, Coach and more in this Black Friday fragrance sale!
Get your hands on some stunning cheap perfume deals including Clinique Happy, Calvin Klein Eternity and Issey Miyake
Natwest, RBS Facing Black Friday IT Wobbles as Services Go Down
Royal Bank of Scotland (RBS) and Natwest are both facing IT issues this morning with thousands of customers unable to access accounts. With RBS down...
Harvey Norman offering huge 50% sale for Black Friday
There is serious money to be saved here!
Do Activist Investors Create Value?
The exchange-traded fund industry is expanding its product range to all investment strategies and grabbing more and more market share from the mutual fund sector.Activist investing isn't a new phenome
NSE commodities segment gets CBDT recognition, traders to get tax benefit
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income
Stormzy announces Dublin gig
The rapper will embark on a world tour next year - including a stop in Ireland
Big challenges for small business debated at APEC Forum next week
The big challenges for New Zealand small businesses, including mental health risks, cashflow and support for women-led businesses will be under the spotlight next week at the APEC SME Productivity and Performance Forum in Wellington.
Share Market highlights: Sensex ends 336 points down, Nifty near 12,050; Yes Bank, HUL top losers
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty receded from record high levels on Friday, tracking weak GDP data outlook.
Satoshi Nakaboto: ‘Bakkt Bitcoin future trades hit daily record of $42.5M’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
LTFRB to review Grab’s fare structure
Following the P23-million fine imposed by the Philippine Competition Commission (PCC) against Grab Philippines, transport regulators will review the ride-sharing firm's fare setting scheme to determine any violation on existing agency policies.
Omega Seamaster deal: Black Friday sale slashes £1,500 off this amazing timepiece
That's 25% off a quality Swiss timepiece at Goldsmiths
Wooden relic of Jesus manger on pre-Christmas display in Jerusalem
JERUSALEM (Reuters) - A fragment of wood reputed to be from the manger where Jesus was laid after his humble birth went on display in Jerusalem on Friday, ahead of its transfer to Bethlehem for the official launch of the Christmas season.
Stormzy announces Dublin gig
The rapper will embark on a world tour next year - including a stop in Ireland
Gold rallies Rs 143 to Rs 38,695 on rupee depreciation, positive trend
On Thursday, gold prices closed at Rs 38,552 per 10 gram
Mayar Fund's Q3 2019 Letter To Partners
We invest globally in great businesses that have durable economic moats, favorable customer economics, consistent financial results, high and stable returns on capital, strong cash flow generation, an
Ola restructuring biz over IPO to cost 250 jobs: Report
The spokesperson added that the restructuring is aimed at becoming "more nimble and have a sharper focus on growth and profitability".
PwC probe finds executives at Tongaat overstated profits, assets
Executives used 'undesirable accounting practices'.
Continental Reinsurance Plc suspended from trading shares on NSE
Trading in the shares of Continental Reinsurance Plc has been suspended effective Thursday, 28 November 2019.
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the record 1.1 million premises passed in the previous quarter. Overall, 16.7 million premises had access to FTTP services, up 34 percent year-on-year, said regulator Arcep in its latest fixed broadband report.
Govt accounts show strong debt position
Hon Grant Robertson
Govt accounts show strong debt position, impact of tax timing changes
Govt accounts show strong debt position, impact of tax timing changes
In a first, RBI sends DHFL to NCLT for debt resolution
India Business News: The Reserve Bank of India (RBI) on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) for bankruptcy proceedings, making it the fir
Shop small at Seminole Heights Holiday Shop Hop Saturday
With all the madness of Black Friday and Cyber Monday, don't forget to support local businesses for Small Business Saturday.
Menang Corp posts loss in 1Q due to land clearing and earthworks expenses, corporate exercises
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.It reported a loss per share of 0.1 sen compared with earnings per share of 0.2 sen last year.Quarterly revenue declined
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
HSBC and Santander brought to book over text alert failure
HSBC and Santander are to refund millions of pounds to customer who incurred overdraft fees after the banks broke rules on sending text alerts to customers to warn them they were about to go into the red.
Daimler to ax at least 10,000 jobs in latest car industry cuts
Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. It marks the third announcement on cost cuts this week by a major German car company as
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
Eurozone inflation firms but still below central bank goal
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Vatican returns relic from Jesus' manger to Holy Land
Christians are celebrating the return to the Holy Land of a tiny wooden relic they believe was part of Jesus' manger nearly 1,400 years after it was sent to Rome as a gift to the pope.
The truth behind myths
It’s a blustery autumn Sunday and there isn’t much going on so you decide to turn on the television. You are all caught up on “The Game of Thrones” so why not tune into HGTV? There are a lot of great shows on there and besides, you were thinking of doing a few Real Estate investments anyways. Although HGTV is very entertaining, sometimes educational, sometimes inspiring, there are a lot of things you need to be careful of when making sound choices in Real Estate. Below are 5 big Myths of HGTV when it comes to Real Estate.
Why 8th NASS rejected Buhari’s $30 billion loan request – Shehu Sani
Former chairman, Senate committee on local and foreign debt in the senate, Senator Shehu Sani has explained why the request by Nigeria President Muhammadu Buhari to borrow $30 billion was turned down by the 8th Senate.
Armagh tile solutions company create 20 new jobs in Dublin with €3m investment
Armatile announced plans to create 20 new jobs and invest €3m in a new luxury showroom and design hub in Dublin.
Bokio, the Swedish startup simplifying accountancy with AI, raises €4 million round led by Creandum
Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4 million.
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Green Climate Fund to channel over $1.87bn in tackling emissions
Green Climate Fund is now financing climate action in over 100 developing countries after the final Board meeting of 2019 approved 13 new projects.
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
Relic of Jesus’ crib returns to Holy Land after over 1,000 years
After spending more than 1,000 years in Rome, a wooden fragment worshipped by Catholics as part of the crib in which Jesus was born will be welcomed back to the Holy Land on Friday. The fragment...
More than half of EU consumers have environmental impact in mind when shopping
Today the European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU; that consumers are more aware about their environmental footprint; and that consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, […]
Euro-Area Inflation Quickens, But Remains Far Below ECB's Goal
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast.
Eurozone inflation firms but still below central bank goal
BRUSSELS — Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
Ringgit ends slightly lower against US dollar
KUALA LUMPUR, Nov 29 — The ringgit ended slightly lower against the US dollar today in line the decline in global crude oil prices which affected the local note’s valuation, said a dealer. At 6pm, the ringgit settled at 4.1750/1780 against the greenback compared with yesterday’s close of...
Check Out These Green Friday Deals From Dispensaries In States Where Cannabis Is Legal
Now that marijuana is legal in the majority of US states, whether for medical or recreational use, cannabis dispensaries are getting in on the “Black Friday” madness by having sales on ...
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
Bank of Ghana releases specimen of the new GHC100, GHC200 and GHC2 coin
The Central Bank of Ghana has released specimen of new GHC100, GHC200 Cedi notes and GHC2 coin that is expected to hit the market soon. Governor of the Central Bank, Dr. Ernest Addison at a press conference in Accra on Friday, November 29, 2019, said the new cedi notes will help shore up the value […]
Bengaluru flat case: Enforcement Directorate attaches land worth ₹7-crore in Tamil Nadu
Agricultural land worth about ₹7 crore in Tamil Nadu’s Nilgiris district was attached by the Enforcement Directorate in connection with a money-laundering probe linked to an alleged flat buyer’s cheat
M65 reopens 4 hours behind schedule after overnight roadworks are delayed by cold weather
The M65 has reopened after an overnight closure overran by four hours this morning (November 29).
Rail operator vows extra compensation for disrupted passengers
West Midlands Trains said timetable changes in May led to disruption on its London Northwestern Railway and West Midlands Railway services.
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets.
BREAKING News: Bank of Ghana introduces new Ghc100, Ghc200 cedi notes
The Bank of Ghana has announced the introduction of new bank notes to join the list of Cedi denominations in circulation, MyNewsGh.com has confirmed. This was confirmed at a presser currently being addressed by the Governor of the Central bank, Dr Ernest Addison. Further details to be made available soon.
E-tailers jump bandwagon to boost sales with Black Friday offers
From Amazon to H&M, the Black Friday offers flooded people's emails and message boxes on smartphones in the country
How Bitcoin Miners Are Not Causing The Price Plunge
When bitcoin starts to turn south and the selloff intensifies, fingers start pointing. The crypto community wants to blame something ...
Pakistan to Debut Chinese Yuan-Denominated Panda Bonds Worth $1 Billion
New Delhi (Sputnik): China’s Panda Bonds are onshore products that help international borrowers to explore domestic yuan investors. These yuan-dominated notes are sold by non-Chinese issuers.
HSBC and Santander customers set for refund
The competition watchdog says the banks failed to send text alerts to customers about to go into the red.
Business Cycle Data And Investor Sentiment Supportive Of Higher Equity Prices
One factor impacting investor sentiment at the moment may be the fact the equity market has generated strong returns to date in 2019.With the strong equity market returns in 2019, investors seem to be
Vanguard International Dividend Appreciation ETF: Exposure To High-Quality Foreign Stocks
VIGI screens for non-U.S. stocks with at least a seven-year consecutive history of increasing the dividend amount.Fund has outperformed some other widely traded foreign stock ETFs in recent years.VIGI
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
Bonanza Creek Energy: Strong Operational Performance Adds To Its Value
Bonanza Creek has delivered at the high end of production expectations while spending towards the lower end of its original capex budget.Production growth may be lower in 2020 as it attempts to minimi
Rupee slips 11 paise to 71.73 against USD ahead of GDP
India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.
Mzansi Magosha’s offer Black Friday discounts
Mzansi Magosha's offer Black Friday discounts in a bid to lure customers charging as little as ZAR50 per session and men are happy
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
UCF sorority suspended amid hazing accusations
The University of Central Florida has suspended a sorority amid complaints that members forced others to drink and take drugs until they blacked out during hazing.
Eurozone unemployment's falls to lowest rate since July 2008
LONDON (AP) - Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain's departure from the European Union.
Swedish economy ups pace in Q3, supports Riksbank hike plans
STOCKHOLM — Sweden’s economy accelerated slightly in the third quarter from a tough start to the year, data showed on Friday, providing some support for the central bank’s plan to increase the benchmark rate at its meeting in December.
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
Present Equity Valuations Suggest Negative Returns For Next Decade
In terms of Buffett's self-proclaimed favourite value indicator, as shown below, the S&P 500 is now priced at 144% of US GDP, far above the 2007 top, and near the short-lived highest-ever valuations i
Goddess Padmavathi rides the Sun and the Moon in Tiruchanur
The Bejewelled deity becomes the cynosure of all eyes
India's GDP Growth Drops To 4.5%, Lowest In 26 Quarters
The data comes two days after Nirmala Sitharam on Wednesday quelled fears about the Indian economy going into recession.
Euro area flash inflation: Higher core, temporarily – Nordea
Analysts at Nordea Markets see a stronger than expected rise in the Eurozone inflation in November as a temporary surge until year-end and continue to
What if a Progressive President Cut U.S. Defense Spending Dramatically?
What would the United States need to do to significantly cut its defense budget? The question is complicated, and the answers are difficult.
Takealot takes flak over Black Friday deals
Consumers take to social media to slam local online retailer over its “insignificant” discounts.
PM scrambles to spur growth; India braces for GDP shock
By Vrishti Beniwal The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had
Rocket Report: Cornwall locals protest spaceport, China’s toxic rocket problem
"Labour against the rocket in Branson's pocket."
GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters
The slump was mainly on account of a weak manufacturing and a drop in exports.
Bharti Airtel to seek board nod on December 4 for raising funds
The board will also evaluate raising of funds through debentures, non-convertible debt instruments along with warrants, convertible debentures , securities or any other equity based instruments including through qualified institutions placement or rights issue, or through any other permissible mode
Here’s why all the top brands want to have Ayushmann Khurrana on board
Ayushmann has always been experimental and unconventional with his choice of roles right from the beginning of his career. From his debut as a sperm donor in Shoojit Sircar’s Vicky Donor to Bala where played the role of a bald guy battling premature balding. The Andhadhun actor now has a genre to his name in Bollywood called ‘The Ayushmann Khurrana Genre’.
Former Maguindanao town mayor acquitted of perjury charges
Former Datu Odin Sinsuat (DOS) Mayor Lester Seismundo Sinsuat of Maguindanao has been cleared by the Sandiganbayan Fifth Division of perjury charges due to the reportedly false declarations made in his Statement of Assets Liabilities and Net Worth (SALN) for the years 2011 and 2012.
Barratt hails £250m-plus injection to Scots economy
Housebuilder Barratt Developments’ Scottish operations have delivered a £256 million boost to the economy over the past year, marking a double-digit hike on 2018.
EUR/JPY recedes from tops, meets resistance around 120.60
Further downside in the Japanese yen coupled with steady-to-bearish sentiment around the European currency leave EUR/JPY stuck within the daily range
Sweden-based Online Payments Firm Klarna Reportedly Onboarded 60,000 Additional Merchants
Sweden-based Online payments company (and bank) Klarna reportedly became Europe’s highest valued Fintech in August 2019 with a market capitalization of around $5.5 billion. Klarna’s management stated on November 26 that it has onboarded 60,000 additional merchants worldwide in 2019, which represents an increase of about 140% from last year, when the company signed up 25,000 new customers. Klarna says the new merchants include major companies such as Abercrombie & Fitch, Expedia, H&M, River Island,
ECB Board nominee Schnabel: September stimulus can be justified by current inflation data
The European Central Bank's (ECB) September stimulus could be justified by current inflation data as well as the outlook for inflation over the medium
India's fiscal deficit touches Rs 7 trillion, surpasses annual target in seven months
India’s fiscal deficit in the first seven months through October stood at Rs 7.2 trillion, or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.
Rupee slips 12 paise to 71.74 against US dollar ahead of GDP data
On a weekly basis, the domestic unit has lost 3 paise.
Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom
The Euro vs the Dollar - Latest Exchange Rate News and Forecasts on the Euro Dollar Currency Pair Today
Protests and bank borks meddle with Black Friday retail nirvana
Friday I'm in debt
TSB Graciously Makes Way for 82 New Branches of Greggs
A couple of traditional grim pre-Christmas job scythings are underway at the moment, with staff of the TSB bank and workers at energy supplier Npower currently expecting to receive a nice card from the boss containing a hand-drawn sad-face emoticon wearing a Santa hat and a P45.
ECB Board nominee Panetta calls for an accommodative monetary policy
Inflation outlook seems to fall short of the European Central Bank's (ECB) Governing Council’s inflation aim of below but close to 2%, noted Fabio Pan
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a Black Friday sell-off, and with U.S. traders largely out for a long weekend.
MG Motor India partners Umicore to recycle upcoming EV's batteries
The partnership will allow end-of-life ZS EV batteries to be recycled, thus ensuring greater peace of mind to MG customers about their ecological footprint
Inflation Rates Up By 5.56PC in November, From 4.9PC In October
The cost of living (inflation rate) went up from 4.95 percent in the month of October to 5.56 in November.The Kenya National Bureau of Statistics (KNBS) notes that the cost of food and non-alcohol
PIMCO Enhanced Short Maturity Active ETF: A 'Better Than Cash' Alternative
MINT is a low-risk bond-based exchange-traded fund with a focus on capital preservation and liquidity while offering yields above Treasuries through a monthly dividend.Actively managed strategy is uni
Malaysians can now use MyDebit ATM cards at some shops in Singapore
Cross-border payments between Singapore and Malaysia just got a huge boost, after the Republic’s NETS and Malaysia’s PayNet announced that their payment terminals can now accept each other’s cards.
Equities Slip While Investors Mark Time
The eurozone reported its preliminary estimate for November CPI rose more than expected.Germany surprised by a decline in November unemployment queues, which slimmed by 16k.The euro is stuck near its
‘Winter is coming’: Synergy, transformation crucial for growth, says BI
Reiterating the President's notable Game of Thrones analogy, the Bank Indonesia governor stressed that structural transformation was vital to facing the coming "winter" in the global economy.
Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday
TOKYO (Reuters) - Japan’s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.
Mercedes-Benz Parent Company Daimler To Cut Thousands of Jobs
Daimler says it plans to cut thousands of jobs by the end of 2022, not filling some vacant posts and offering severance packages in Germany.
Asian shares slide on weak Japan data; US markets closed
BEIJING — Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions.
Time to have ‘the talk’ with your health insurer?
It's not you, it's them. A romance always starts out hot. But the honeymoon stage doesn’t last forever, particularly when it comes to you and your health
Lukoil: Solid Q3 Results Ensure High Yields
Lukoil performed better than expected in Q3 2019.I expect Lukoil to generate strong FCF in the medium term.Lukoil is one of the best quality stocks in the Russian stock market.
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
news, story, article
Government reviews stamp duty charge
Federal Government has reviewed the N50 stamp duty charge on electronic payments in the country following public outcry.
NPCI enhances UPI 2.0, allows customers to make recurring payments
NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology
Former AIB boss David Duffy pay rises 84% to £3.4m as head of Virgin Money
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
The Frugal REIT Investor
Wealth is not the same as income. Wealth is what you accumulate, not what you spend. Thomas Stanley.The foundation stone of wealth accumulation is defense. Thomas Stanley.Investors must select stocks
Trade surplus shrinks in October
Exports up 11.9% on a month-on-month basis.
Q2 GDP: Fiscal deficit of 3.9% realistic, says Uday Kotak
The just released GDP data for the second quarter (July-September) shows that the growth has gone down to 4.5 per cent (the lowest in six years) from 5 per cent in the first quarter (April-June)
Free solo climber Brad Gobright fell 305 metres to his death
A record-breaking free solo climber reportedly failed to tie a crucial knot in his rope before slipping off and falling 305 metres down the face of a mountain.
Is Vietnam too cautious when setting economic development goals for 2020? - VietNamNet
Many economic targets set for 2020 are lower in comparison with real implemented levels.
5 Business Lessons You Can Learn From Black Friday Even If You Don't Sell to Consumers
Even if you hate shopping or the holidays, many of the mechanisms of Black Friday can be applied to sales and marketing tactics for business-to-business companies to drive revenue and growth.
Shopping in these 4 popular Malaysian cities just got a lot easier for Singaporeans with NETS ATM cards, Business Insider - Business Insider Singapore
Business Insider - NETS ATM cards can now be used in Malaysia across 7,400 PayNet acceptance points - but only in these 4 cities.. Read more at businessinsider.sg
Kevin Greenard: Ten reasons to be cautious with Canadian equity ETFs
An ETF is a commonly used abbreviation for Exchange Traded Fund. Canada was the first country to launch an ETF in 1990 with one provider. Known as the S&P/TSX 60 Index, it essentially held the . . .
World shares mostly slide in ‘Black Friday' retreat
BEIJING (AP) - Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a "Black Friday" sell-off, and with U.S. traders largely out for a long weekend.
The best Instax camera has just dropped to its lowest-ever price for Black Friday
Our favorite Fujifilm Instax camera is now available for an all-time-low price – it's time to snap up the Instax Mini 9.
Indian Army Job 2019 For Soldier Posts
Indian Army Job 2019 For Soldier PostsArmy Recruitment Rally will be held for eligible candidates of 10 x districts of Upper Assam (Jorhat, Majuli,
Agbami parties invest N5.8bn on scholarships, education infrastructure
Agbami parties had invested a total of N5.8bn on the Medical and Engineering Scholarships, AMEPs on merit for Medical students .
BPCL Privatisation: DIPAM Appoints Deloitte As Adviser For Strategic Sale Of India’s Second Largest Oil Refiner
Some global petrochemical giants, including Saudi Aramco have expressed interest in the assets of BPCL
Danielle Rose Russell Talks About The Love Triangle With Hope, Landon & Josie on 'Legacies'
The love triangle between Hope, Landon and Josie on Legacies is about to become even more complicated than it once was, Danielle Rose Russell reveals.
Loan fraud case: two former bank officials, seven borrowers jailed
Convicted duped the bank to the tune of ₹43.21 lakh: CBI
India: Economy grew 4.5% in Q2 vs. 4.7% expected
The data published by the Ministry of Statistics on Friday revealed that the Gross Domestic Product (GDP) in India expanded by 4.5% following the %5 g
Dog rescued from remote island after it got spooked by a sealion and ran off
Flint, a Jack Russell-fox terrier cross, found himself lost and alone when bad weather forced crews to abandon their search efforts.
Why This Top Aerospace Stock Is Poised to Fly Higher
One of the best-performing industrial stocks of the last decade shows no signs of slowing down.
Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
The Gross Domestic Product growth fell to 4.5 per cent in the second quarter of the year 2019-20.
Climate Adaptation Now
As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the harm to people and livelihoods that climate change is already causing. Strengthening our ability to adapt to climate change has never been more urgent. Many regions are experiencing major difficulties as a result of higher global temperatures and changing weather patterns. We must do more to help citizens and governments tackle issues such as rising sea levels, wildfires, hurricanes and other natural disasters, and increased coastal erosion. Even if we meet the Paris agreement’s goal of limiting the average global temperature increase to well below 2°C, at least 570 cities and some 800 million people will be at risk from rising sea levels and more frequent and destructive storms.
Labour raises alarm over nation’s rising debt profile
Organised Labour has raised the alarm over the nation’s rising debt profile, saying there is the urgent need for the country to give in to well...
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
C&I Leasing gets approval to list N539 million worth rights issue
C&I Leasing Plc has obtained approval of the Securities Exchange Commission (“SEC) to open subscription of a rights issue of N539 million.
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
USD/JPY climbs to fresh six month highs above 109.60
The USD/JPY pair is inching higher ahead of the American session on Friday supported by the broad-based USD strength. As of writing, the pair was trad
Trading Forex in the Philippines
Time for Forex trading in the Philippines? Keep a wary eye on the local market and find a trading platform to make you a key player.
3 Reasons Why Shorting McDonald’s (MCD) Stock Now Is a Bad Idea
Missing third quarter estimates and the firing of the CEO is why investors are short McDonald’s. There are reasons why you shouldn't.
Lebanon crisis wreaks havoc on Syria's war-torn economy
AMMAN (Reuters) - A financial crisis in Lebanon has hit the economy of neighboring Syria hard, choking off a vital source of dollars and dragging the Syrian pound to record lows.
Costco’s website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco’s website crashed for several hours over Thanksgiving, and experts estimate that it could have cost the retailer as much as $11 million in sales.
SBI FXTRADE Expands Offering, Adds 8 New JPY Currency Pairs
SBI FXTRADE Co., Ltd. announced this Friday that it is expanding its FX product offering to include eight new currency pairs based on the Japanese yen.
RBI may go for another rate cut as GDP slows to more than 6-year low
Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20
Debt ETFs/index funds to have minimum of 8 issuers: Sebi
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
ET View: Time to boost demand, forget the fiscal deficit target
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
Global funds raise stock allocations at the expense of cash: Reuters poll
BENGALURU (Reuters) - Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.
A Dyson and a $557 Kitchen Aid: The 6 things you should add to your cart this Black Friday.
It's the perfect time for Christmas shopping.
Worden Park toilets closed to public as Travellers refuse to leave car park
A group of travellers are refusing to leave Worden Park after setting up camp earlier this week.
Greater balance in Christchurch industrial sector - Colliers
Christchurch’s industrial sector is recalibrating to a more balanced demand and supply profile, as construction activity dips slightly and local businesses expand and absorb existing space.
Enphase: All Cats Love Fish But Fear To Wet Their Paws
Enphase Energy surprised us with victories it made this year. Revenue and operating income broke all records.The company offers us unprecedented growth, progressive technology of solar energy inversio
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
Bill Evans: Australian dollar to keep falling as RBA cuts
Via Bill Evans of Westpac on the RBA and the Australian dollar:
Demand in LS to shift private members' business to Wednesday from Friday
BJD member Bhartruhari Mahtab suggested that the day for private members' business be changed from Friday to Wednesday. He said it was the practice in the British parliament
Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Traders are bearish on bitcoin after a 53% crash. More pain may be ahead but BTC offers features that make it a good long-term investment.
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
The Power of Green Public Finance
Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels. Climate change is the top political issue of our time. Scientists estimate that if we remain on our current path, we will experience global warming of 3-4°C by the end of the century, at which point large portions of the planet will be uninhabitable.
Lebanon Crisis Wreaks Havoc on Syria's War-Torn Economy
A financial crisis in Lebanon has hit the economy of neighbouring Syria hard, choking off a vital source of dollars and dragging the Syrian pound to record lows. Shut out of the global financial system by Western sanctions, Syria's economy has depend
Amazon tax must be delayed in light of service shutdowns
The New Zealand Taxpayers’ Union is calling on the Government to delay the introduction of the ‘Amazon tax’ in light of reports Amazon will withdraw its international websites while it processes how to comply with new GST rules, says the New Zealand Taxpayers’ Union.
Humana: Patience Will Likely Achieve A Lower Buy Price
The only way an investor can realize a return from an investment in shares is through receipt of dividends and gains on share sales. I repeat - the only way.The best way to make a gain on sale of shar
Better Buy: Square vs. American Express
A case of the turtle and the hare?
Bitcoin (BTC) Futures Markets Hit $5B Daily Volume
The Bitcoin (BTC) market has evolved to include the simplest kind of derivative financial products - futures contracts. Those markets now reach $5 billion
Sensex hits 19 fresh highs in November, gains 665 points
The announcement of corporate tax reduction in the last week of September provided the much-needed trigger that lifted the market by around 4 per cent during the month and a little over 7 per cent till date
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
CEO of Crypto Exchange IDAX Global Disappears, Experiences “Impeded Withdrawals”
An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing "channel c
Alta Fox Opportunities Fund, L.P. Q3 2019 Quarterly Letter
Alta Fox Capital is a long/short hedge fund.In Q3 2019, the fund decreased 2.21% gross and 2.10% net.This compared favorably to the -2.40% return for the Russell 2000 and -5.4% return for the Russell
Saudi Aramco IPO gets US$44.3b in bids so far, says lead manager
RIYADH, Nov 29 — Saudi Aramco has received bids for its shares totalling US$44.3 billion so far, lead manager Samba Capital said today, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5 per cent of the company’s shares for as much as...
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.
Cowboys vs. Bills final score: Buffalo silences Dallas in comfortable Thanksgiving win
The Bills improved to 9-3 with the victory in Arlington, Texas, on Thanksgiving. SN provided live scoring updates and highlights.
Vatican returns relic believed to be from Jesus’ manger to Holy Land
The thumb-sized relic was unveiled to worshippers at the Notre Dame church in Jerusalem.
E.ON SE (ENAKF) CEO Johannes Teyssen on Q3 2019 Results - Earnings Call Transcript
E.ON SE (OTCPK:ENAKF) Q3 2019 Earnings Conference Call November 29, 2019 03:30 AM ET Company Participants Carsten Thomsen-Bendixen - Interim Head of Communications and Political Affairs Group Spokesma
Lufthansa: German airline not open to Qatar investment
DUBAI: Saudi Arabian and international investors have subscribed to the initial public offering of Saudi Aramco in huge numbers, with demand for shares in the world’s most profitable company exceeding the number of shares on offer. Financial advisers to the biggest IPO in history announced that bids to the value of $44.3bn (166.275bn riyals) have been received in total from
Canada: Economy grew at annualized rate of 1.3% in Q3 vs. 1.2% expected
The Canadian economy expanded 1.3% on a yearly basis in the third quarter supported by higher household spending and business investment, the data pub
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
4th Annual Private Wealth Switzerland Forum
The 4th Annual Private Wealth Switzerland Forum–Zurich brings together more than 250 attendees including 150 leading high-net-worth capital allocators from Switzerland and beyond.
Amazon Has Some Incredible Black Friday Deals on Beauty Products This Year
Here are the best beauty scores on Amazon this Black Friday.
Academic Conference: World Symposium on Investment Research
It is an annual event taking place on the first Sunday and Monday of May in some financial centers around the globe.
Statistics Canada reports pace of economic growth slowed in third quarter
Statistics Canada says the pace of economic growth in Canada slowed in the third quarter.
The Case Of The Pirated Blueberries: Courts Flex New Muscle To Protect Plant Breeders’ Intellectual Property
A few weeks ago, the Federal Court of Australia ordered a farmer in New South Wales to pay $290,000 to a blueberry-producing company because he had grown and sold a proprietary variety of the fruit without permission....
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
Euro snoozes through sleepiest week since launch 20 years ago
Currency lodged in tight range thanks to steady monetary policy and trade uncertainty
Boy left terribly burned after mother used butane to do weed faces losing voice
Brian Roberts battled against the odds to survive the terrible blast - but now faces losing his voice without costly surgery
The Asset Allocator: Meb Faber - All-Time Highs Are 'Nothing To Be Afraid Of' (Podcast)
ETF manager, author and popular investment blogger Mebane Faber addresses the asset allocation issues of the day. Among our topics in this wide-ranging interview:Faber does not look askance at buy-and
Vatican returns relic believed to be from Jesus’ manger to Holy Land
The thumb-sized relic was unveiled to worshippers at the Notre Dame church in Jerusalem.
Crypto Exchange Admits 'Missing' CEO Has User Funds Access Amid Exit Scam Fears
In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is.
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
Ethereum Express Launching New Projects For Over 48,000 Users
Featured The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the
SFI–Capco Institute Banking & Finance Forum
The conference will be held in English and attendance is free of charge. Registration is mandatory.
Save up to £5,000 on Cartier and Audemars Piguet watches in the Goldsmiths Black Friday sale
These pre-owned luxury watches are heavily discounted and come with a two-year warranty
Police: Driver accused of traveling 120 mph on I-95
GREENLAND, N.H. (AP) - New Hampshire state police say a driver has been accused of traveling at 120 miles an hour on Interstate 95.
Costco's website crashed for several hours over Thanksgiving, and experts estimate it could have cost the retailer nearly $11 million in sales
Costco's website was down for at least 16 hours, according to data from the outage-tracking website, Downdetector.
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
November Portfolio Update - Prefs And Finance
This month saw a smaller amount of overall investments, mostly going into finance, some oil/energy, preferred stock, and other debt instruments.FX is somewhat improved, but still at prohibitive levels
AmBank Group to disburse up to RM6b of loans in 2H 2020
KUALA LUMPUR, Nov 29 — AMMB Holdings Bhd (AmBank Group) targets to disburse up to RM6 billion in loans in the second half of its financial year ending March 31, 2020 (H2 2020), driven by the current positive sentiment in the industry’s loan growth segment. Chief executive officer Datuk Sulaiman...
Tories slammed by free market groups over state aid pledges
Business and free market groups slammed pledges today by Boris Johnson to expand state aid for businesses if the Conservative [...]
Man wins appeal over lack of detail in mortgage debt demand
A man has won a Supreme Court appeal which centred on a claim he was entitled to more detail about how a €221,000 mortgage debt was calculated before a bank obtained judgment for the money against him.
Over 75% of the Digital Wallet Users in Bulgaria Are Men
Over 75% of the digital wallet users in Bulgaria are men. 31% of all consumers live in Sofia, 15% live in Varna, 6% - in Plovdiv.
Surge of activity in Auckland investment market - Colliers
A strong surge in activity over the last two months has contributed to a record year across all four offices that make up Colliers International’s Auckland Investment Sales team.
India quarterly growth falls to worst level in six years
India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi.