Finance

by | July 31, 2019 | 07:12

Shares of Coffee Day Enterprises dropped 20 per cent on Tuesday after news surfaced that its Chairman and Managing Director V G Siddhartha has gone missing. Coffee Day went public in 2015, almost two decades after opening its first cafe in Bengaluru , selling shares at 328 rupees apiece. Now there are over 1,700 outlets spread across the nation.

by | July 30, 2019 | 23:01

Gold prices held steady on Monday on expectations of a rate cut by the Federal Reserve this week, while investors awaited cues on the future trajectory of monetary easing by the United States central bank. US-China trade negotiations, which begin in Shanghai on Tuesday, were also in the spotlight, although expectations for progress during the two-day meeting are low, with the markets hoping the two sides can at least detail commitments for goodwill gestures.

by | July 30, 2019 | 22:12

The Fed under Chairman Jerome Powell has nevertheless signaled its belief that uncertainties and threats unleashed by President Donald Trump's trade war and by a global slowdown justify a Fed rate cut now as a kind of insurance policy against another economic downturn.

by | July 30, 2019 | 16:42

Mr Siddhartha owned about 12,000 hectares of plantations and his Amalgamated Bean Company (ABC) is India's largest exporter of green coffee . The company filed an overall valuation estimate on exchanges after founder VG Siddhartha went missing since Monday evening.

by | July 30, 2019 | 14:11

Capital One Financial Corporation , the US's seventh-largest commercial bank with 373.6 billion U.S. dollars (£307 billion) in assets as of June 30, is the latest United States company to suffer a major data breach in recent years. Investigators arrested Thompson inside her residence and seized numerous devices. News of the Capital One breach comes after USA credit monitoring agency Equifax last week agreed to pay up to $700 million to settle a similar incident that hit the company in ...

by | July 30, 2019 | 11:14

There are even suggestions that Tesla's long-rumored music streaming service might be on the way soon as well, but its existing partnership with Spotify might mean that particular idea has been sent back to the drawing board. While entertainment will include Netflix and YouTube, gaming will include a new game, Cuphead . At last month's E3 expo, Musk revealed several other titles slated to hit electric vehicles, including Beach Buggy Racing 2 and Fallout Shelter .

by | July 30, 2019 | 08:41

From an operations perspective, the merger of Just Eat and Takeaway makes a lot of sense as the two could combine resources to better scale and take on current European food delivery heavyweights . It launched a website titled "Just Eat must deliver" and agitated against chief executive Peter Plumb, who left soon after. Nonetheless, companies are slowly coming to terms with how unsustainable this practice is in the longer run, with desperation leading them to the next stage of delivery wars - ...

by | July 30, 2019 | 04:56

Capital One said about 140,000 Social Security numbers were accessed, as well as 80,000 bank account numbers from its credit-card customers. That breach involved the Social Security numbers and home addresses of almost 148 million Americans from Equifax's servers in a hack that ran from May to July in 2017 .

by | July 29, 2019 | 21:01

Here's how you can celebrate with freebies and deals on wings in honor of the holiday. Also send us pictures of how you celebrated National Chicken Wings Day to our 23ABC Facebook page. comes National Chicken Wing Day 2019. Valid only at participating locations, and the offer may vary per location. St. Louis Bar and Grill: According to its website , one victor will receive 52 coupons for a free pound of wings; one pound per week for a year.

by | July 29, 2019 | 19:58

Two characteristic slots above the grille differentiate it from the A1 Sportback . A fresh, self-confident road stance, plenty of room for customization and extensive connectivity: all are hallmarks of the Audi A1 citycarver . But there's a chance this thing could be a decent A1 - the extra ride height could soften the firm ride, and give another point of differentiation over what is little more than a Seat Ibiza in a posh frock.

by | July 29, 2019 | 19:57

Ancillaries per pax were up 14% to €19/$21 driven by strong priority boarding and reserved seat sales and innovation through digital hub *Ryanair Labs, as total ancillaries ( including retail and F&B income ) jumped 27% to €795m/$884m in the period ending 30 June.

by | July 29, 2019 | 18:52

Roy Kwong, a pro-democratic legislator who has tried to make peace in previous protests , shouted at the police for using tear gas near an elderly home. Police have been heavily criticized for being too slow to respond to Sunday's violence, fueling accusations of collusion or turning a blind eye - allegations the force has denied.

by | July 29, 2019 | 11:30

Democratic FTC Commissioner Rohit Chopra, however, complained that the penalty provided "blanket immunity" for Facebook executives "and no real restraints on Facebook's business model" and does "not fix the core problems that led to these violations" or limit Facebook's ability to collect data.

by | July 29, 2019 | 10:03

Chinese authorities that are probing FedEx suspect it kept more than 100 Huawei [HWT.UL] packages and has also violated other laws, according to Xinhua News Agency. According to a report by Chinese newspaper Global Times, Flex kept Huawei products in its factory in the southern city of Zhuhai to comply with the United States blacklisting which has caused losses for Huawei.

by | July 28, 2019 | 20:41

Apple designed the card and the user interface, while Goldman Sachs is responsible for the underlying infrastructure. Thousands of Apple employees have been testing the Apple Card, which offers 3% cash back on Apple purchases, 2% cash back on Apple Pay transactions, and 1% on all other purchases.

by | July 28, 2019 | 16:31

Equifax customers affected by the breach can file a claim online to receive a selection of services and compensation from the company , including cash payments of up to $20,000. Once you've chosen between credit monitoring or the $125 check, the next page gives you the option to claim compensation for up to 20 hours of time spent dealing with the breach at $25 per hour.

by | July 28, 2019 | 15:46

SoftBank has also received a memorandum of understanding from Japanese financial firms Mizuho Financial Group Inc, Sumitomo Mitsui Financial Group Inc, Mitsubishi UFJ Financial Group Inc, Dai-ichi Life Holdings Inc, Sumitomo Mitsui Trust Holdings Inc, Daiwa Securities Group Inc , and SMBC Nikko Securities Inc.

by | July 28, 2019 | 15:23

The dollar stayed near a two-week high versus the yen on Friday as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key US economic data later in the day. Allowing inflation to run above 2% for some time to compensate for missing the target could be seen as a de facto increase to the target, a move some policymakers warned against at June's European Central Bank meeting, according to published minutes.

by | July 28, 2019 | 07:13

For the fiscal year that ended in March, annual profit dropped to less than half of what Nissan earned in the previous year, at 319.1 billion yen ($2.9 billion), the worst showing since the global financial crisis a decade ago. Japanese automobile multinational Nissan is considering laying off 12,500 employees worldwide in the next three years - including 1,710 in India.

by | July 27, 2019 | 23:17

The trade groups which are inclusive of the National Association of manufacturers wrote that "South Korea & Japan are key players in these global value chains". "As I mentioned before, we believe it's an appropriate step from enforcing effective export controls to remove South Korea from the white list", Suga told the press briefing on the matter.

by | July 27, 2019 | 21:03

In April , Amazon announced it would roll out one-day shipping for all of its Prime members - a feat that would cost the company $800 million in the second quarter of 2019 alone. Shares were off about 1 percent in after-hours trading. The company did not disclose anything about federal regulatory concerns in its quarterly report - unlike Facebook , which said Wednesday that the Federal Trade Commission is investigating it for antitrust concerns.

by | July 27, 2019 | 18:30

The Democrats on the FTC complained that the $ 5 billion penalty may be less than Facebook's gains from violating users' privacy. Wall Street was unfazed by the historic size of the FTC fine. The data was gathered without the users' permission. The settlement, which lawmakers and privacy experts criticized as a "slap on the wrist" for a company whose revenues last year topped $55 billion, suggested that Facebook had moved past a major regulatory challenge that has dogged it over ...

by | July 27, 2019 | 16:16

That leaves Musk in an uphill battle to achieve Musk's goal of breaking even by Q3 2019 and achieving profitability by the end of the following quarter, as the Times reported he said during the earnings call. Tesla shares fell on Thursday after the company launched the departure of a high profile exec, and a disappointing 2nd quarter earnings file. The company also said it ended the quarter with $5 billion in cash reserves, the highest in its history.

by | July 27, 2019 | 14:58

Besides releasing its financial results, Tesla revealed that its longtime chief technology officer, Jeffrey Straubel, is stepping down from the position to become an adviser. Musk said, "I would like to thank J.B. for his fundamental role in creating and enabling Tesla ". Tesla's revenue climbed 47% from the same time past year to $5.2bn.

by | July 27, 2019 | 13:00

Boeing Chief Executive Dennis Muilenburg told analysts on Wednesday he was confident the MAX would be back in service as early as October after a certification flight with regulators in September. The Fort Worth, Texas-based company said that excluding non-repeating costs, it would have earned $1.82 per share, 5 cents better than analysts in the Zacks survey expected.