Finance

by | April 06, 2019 | 15:30

On the positive side, the RBI said, higher financial flows to the commercial sector augur well for economic activity. Dholakia, Michael Debabrata Patra and Shaktikanta Das voted in favour of the decision while Chetan Ghate and Viral V. Talking about upside risk to inflation trajectory, it said, higher crude oil prices, volatility in global financial markets, the risk of a sudden reversal in the prices of perishable food items , and fiscal slippages are some of the challenges.

by | April 06, 2019 | 05:49

Japanese prosecutors Thursday re-arrested Carlos Ghosn on fresh allegations of financial misconduct, as the former auto tycoon slammed an " outrageous and arbitrary " detention and vowed he would "not be broken". On the social media network, he said was " getting ready to tell the truth about what's happening" at a news conference scheduled for April 11. The ousted Nissan chief was first arrested in November a year ago, and has been accused of misusing company funds and ...

by | April 05, 2019 | 17:21

The bond plan, credit rating and the publication of the first extracts of Aramco's accounts are all part of the ambitions of Prince Mohammed, who controls most of the levers of power in the kingdom and wants to pursue an IPO as part of his plans to ready the country for the post-oil age.

by | April 04, 2019 | 22:26

If she sells any of her shares, Jeff Bezos will continue to maintain voting control of those shares, the filing said. "Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness", MacKenzie Bezos wrote on Twitter .

by | April 04, 2019 | 18:42

Total deliveries hit 63,000 in the three months to March, below analysts' forecasts which had already been cut. Tesla's assembly lines slowed and deliveries fell during a rocky start to the new year that is likely to magnify nagging doubts about the company's ability to post sustained profits.

by | April 03, 2019 | 18:29

We know an increase to the minimum wage would help those on the lowest end of the scale, but we also know it would flow on to every award rate, in nearly every industry, affecting 2.3 million Australians. However, many workers we see their pay rise cancelled out by an increase in their bills. Council tax or its equivalent, set by local authorities, is also set to rise, the TV licence fee has gone up from £150.50 to £154.50 a year and the standard NHS prescription charge in England, which has ...

by | April 03, 2019 | 17:49

Kellogg said the deal is expected to close in July. It's selling to Ferrero , a global sweets operation that makes Ferrero Rocher chocolates, Nutella and Kinder Joy chocolate; and Ferrero's related Chicago-based entity Ferrara Candy Co.

by | April 03, 2019 | 16:25

Fortunately, slowly but surely, China's capital markets have been moving into the global investment mainstream. In the next five years, the Chinese onshore bond market, the world's third-largest by assets behind those of the USA and Japan, could likely see inflows of about $750 billion to $850 billion, with overseas investors holding 5.5% to 6% of all the onshore bonds by value, said Liu from Deutsche Bank.

by | April 03, 2019 | 14:56

Auto companies have been warning the White House privately that it would lead to the idling of US plants within days because they rely on prompt deliveries of components made in Mexico. Average wait times at Brownsville, Texas, were 180 minutes Monday, twice the length of peak times past year. And there were 150 trucks in Otay Mesa, California, still waiting when the border station closed for the day.

by | April 03, 2019 | 12:26

Output in Britain's construction sector recorded its first back-to-back contraction since 2016 in March as Brexit anxiety continues to weigh on firms as they delay building projects. "Brexit-related uncertainty continued to generate indecisiveness, ultimately hitting order book volumes". "Manufacturers reported a surge of business activity in March as companies stepped-up their preparations for potential Brexit-related disruptions".

by | April 03, 2019 | 11:25

Following a full day of meetings in Downing Street where their phones were confiscated, Cabinet ministers were held in Number 10 until the Prime Minister had delivered her statement, to avoid any leaks. And, on Monday, a second set of indicative votes, created to find which Brexit strategy would be supported by the Commons, reached no conclusion, with all options voted down .

by | April 03, 2019 | 11:08

It "has been a long time coming", Rajan Anandan agreed with a well-wisher on Twitter, referring to the news of his move from Google to Sequoia Capital. Anandan's move to Sequoia India also comes just 6 months after the VC fund announced the closure of its sixth fund at $695 million in August past year.

by | April 03, 2019 | 10:11

A survey found that a whopping 85 percent of iPhone users are at least somewhat interested in this card, which is an adjunct to Apple Pay . Apple fans, rejoice! The Apple Card is coming to the U.S. A signature isn't required on card purchases, and Goldman Sachs isn't allowed to resell your data to third parties for advertising or marketing purposes.

by | April 03, 2019 | 07:55

The starting rate will add about four cents to the price per cubic metre of gas. However, federal GST will be applied on the federal carbon tax on home owners' utility bills. The others are Manitoba, Saskatchewan and New Brunswick. In Manitoba, Progressive Conservative Premier Brian Pallister initially meant to implement a lower carbon tax , and demanded the province be recognized for spending billions to build clean hydroelectric infrastructure.

by | April 03, 2019 | 04:41

USA officials are keen to ensure see that Malaysia, Singapore and others are fully aware of illicit Iranian oil shipments and the tactics Iran uses to evade sanctions, Mandelker said . In the two most important oil contracts, money managers boosted their net long position in WTI by 29 million barrels and increased the net long position in Brent by 13 million barrels in the week ending March 26, according to exchanges data compiled by Kemp.

by | April 03, 2019 | 03:55

Asia Pacific markets posted gains Tuesday after the overnight surge on Wall Street eased concerns of a possible global economic slowdown. A new report showed that its manufacturing activity unexpectedly expanded in March to the fastest growth in eight months.

by | April 03, 2019 | 02:17

The Supreme Court today struck down the controversial Feb 12 circular of the Reserve Bank of India that gave firms 180 days for debt resolution , failing which the issue would be taken under the country's bankruptcy. Tuesday's ruling also raises questions around the validity of a debt resolution plan here at beleaguered carrier Jet Airways as bankers said that a part of the resolution process was based on processes laid out in the RBI's February 12 circular that the court has now ...

by | April 03, 2019 | 01:42

Amazon is once again cutting prices at Whole Foods Market . At the same time, it's trying to keep up with chains like Walmart and Kroger which are keeping prices low to battle Amazon. Over the next few months, customers can expect more than 300 Prime member deals on popular items as well as an additional 10 percent discount on hundreds of sale items.

by | April 03, 2019 | 00:43

The results, he wrote, "have been turned over to federal officials". It's unclear to what degree American Media Inc . was aware of the details, he wrote. Enquirer parent American Media Inc. has offered an explanation with far less political intrigue: It learned of Bezos' affair from his lover's brother.

by | April 03, 2019 | 00:45

Anti-Brexit demonstrators with an effigy of British Prime Minister Theresa May near College Green at the Houses of Parliament in London, Monday, April 1, 2019. "I don't have any fear of no-deal", she said. Following the announcement of Monday's votes, Clarke urged MPs from opposition parties to abandon their campaign for a second referendum, describing his proposal as the only way which could command a sizable majority.

by | April 03, 2019 | 00:03

No border closing decision has been made, and Trump later said he is ready to close it if he feels he has to. "Here's the thing: Whether he goes through or not with this nonsense of closing the border, if nothing else, he's emboldening the Chinese in their negotiation", Guajardo said.

by | April 02, 2019 | 22:26

Local MPs voted against all the tabled proposals in the second round of indicative votes in the House of Commons yesterday. "Crucially, the Government stands ready to abide by the decision of the House, but to make this process work, the Opposition would need to agree to this too".

by | April 02, 2019 | 15:38

Shares in the ride-hailing service, which on Friday staged one of the biggest technology initial public offerings in recent years, slid almost 12 percent. The decline took roughly $3 billion off Lyft's market capitalization. Lyft and its rival Uber have been battling it out to see who would file for their IPO first, with Uber expected to list first after filing its S-1 paperwork in December 2018.

by | April 02, 2019 | 14:42

Moody's said the oil giant's revenue hit $355.9 billion a year ago and that it produced 10.3 million barrels per day of crude oil in 2018. ExxonMobil, the largest U.S. Specifically, Fitch noted "the influence the state has on the company through regulating the level of production, taxation and dividends". The oil company's figures were included Monday in a prospectus for a $10 billion bond sale, per CNBC , which Saudi Aramco plans to use to finance a almost $70 billion stake in Saudi ...

by | April 02, 2019 | 12:52

The race to feed the world's growing vegan population is heating up as Nestle SA unveiled plans to introduce its soy-protein-based burgers across Europe and the United States this year. For starters, the veg version will cost almost a dollar more than the original Whopper, a significant increase in the price-sensitive fast-food market.