by | October 03, 2019 | 12:41

According to Reuters Samsung has chose to shut its last factory in the country, after it shut its Huizhou factory in June earlier this year. Other smartphone makers, including Sony Corp., have also pulled out of China in recent months. Samsung has little hope there to revive its share". Then in 2011, 70 million phones were manufactured in the factory. "Samsung said it had taken a hard decision in a bid to boost efficiency".

by | October 03, 2019 | 12:38

The move came hours after brokerage giant and competitor Charles Schwab said it is ending commissions for online trading next week. Will McGough, CIO of retirement products at Stadion Money Management, talks with Bloomberg's Scarlet Fu, Eric Balchunas and Carolina Wilson about the price war, Chinese ETFs and the week in flows for fixed income and equity funds.

by | October 03, 2019 | 07:53

Slower than normal harvest progress also underpinned prices. In its quarterly grain stocks report, the U.S. Department of Agriculture (USDA) pegged the U.S. However, some crops, including soybeans, face high remaining stocks from last year's harvest. The outlook is uncertain, there are some Chinese purchases, but the U.S.

by | October 03, 2019 | 01:58

The ruling is the largest arbitration award in WTO history and a landmark moment in the 15-year long Airbus-Boeing battle, which threatens to intensify already strained trade relations between the USA and the European Union . The WTO is already examining a dozen cases involving US tariffs and countermeasures brought by its trading partners over the administration's steel and aluminum tariffs.

by | October 02, 2019 | 21:24

As the world's largest exporter, Saudi ships out around 7 million b/d of crude oil so the sharp price spike came as little surprise. Under a new royalty structure effective from January, Aramco will pay 15 per cent for Brent prices up to $70 a barrel, 45 per cent for Brent prices between $70 a barrel and $100 a barrel, and 80 per cent on Brent prices above $100 a barrel.

by | October 02, 2019 | 15:45

Hours after Mr Kevin Klauer, chief executive of the American Osteopathic Association, posted the video to Twitter , it had racked up more than 7 million views. Nearby groundcrew can be seen rushing to the spinning catering cart as it spewed loose pallets of beverages and only barely avoided running over a nearby worker.

by | October 02, 2019 | 06:27

The headline index has now remained below the neutral 50.0 mark for five successive months, its longest sequence below that mark since mid-2009. Business confidence was at its lowest level since January 2013 in September and manufacturers expect the negative trends to continue for the foreseeable future.

by | October 01, 2019 | 23:33

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday announced the acquisition of majority stake in wholly-owned arm of Ford Motor Co (FMC) that will take over the automotive business of the U.S. Mahindra will continue to own the Mahindra brand and operate its own independent dealer network in India. The joint venture is valued at $275 million and will not be owned equally.

by | October 01, 2019 | 19:28

The government on Monday made a decision to keep prices of petroleum products unchanged for the month of October. The AA's latest fuel prices survey has found that the cost of a litre of petrol has increased by nearly 3.5c in the past month, increasing from 141.3c to the current average nationwide price of 144.7c.

by | October 01, 2019 | 18:38

Tesla just released an insanely cool feature, but it might not actually be ready for people to use. You must be within approximately 200 feet (61 meters) of your vehicle. In essence, your vehicle will come to you rather you going to where it's parked. The Tesla doesn't stop until the other vehicle comes to a screeching halt.

by | October 01, 2019 | 18:26

They worry that they are being shut out of much user data if browser users move entirely over to this new encrypted protocol which many Internet service providers don't now support. In response to this, Google has declared that they were supporting this feature to maximize and ensure the privacy and security of users online, as well as dismissed claims that they were trying to force users into passing their data through their own encrypted DNS servers.

by | October 01, 2019 | 10:53

The Sydney event came after violence flared in the Chinese-ruled city over the weekend as police and protesters clashed. Police banned rallies Tuesday amid fear of chaos on China's National Day . "You can't walk to Tiananmen Square ". Chief Secretary Matthew Cheung said Tuesday that the Hong Kong government has shown the highest sincerity by kicking off a series of community dialogues last week and will use new thinking to address the deep-rooted social issues contributing to protester ...

by | October 01, 2019 | 10:15

The company is expected to close up to 350 stores worldwide, a spokesperson confirmed, with as many as 178 stores in the United States of America also set to close down. Forever 21's Chapter 11 filing on Sunday struck an optimistic tone, with the fast-fashion company discussing how it serves as an embodiment of "the American Dream".

by | September 30, 2019 | 22:14

A reading above 50 indicates growth in the sector. While the private survey's data was higher, the official PMI, also released on Monday, still exceeded expectations at 49.8. Analysts expect China's growth could slow further this quarter from a near 30-year low of 6.2% hit in April-June. The Peoples' Bank of China has lowered banks' reserve requirements seven times since early 2018 to free up more funds for lending.

by | September 30, 2019 | 18:54

In the letter-addressed to Senate Intelligence Committee Chairman Richard Burr and vice chairman Mark Warner, as well as House Intelligence Committee Chairman Adam Schiff and ranking member Devin Nunes-the attorneys said they conveyed " serious concerns " for the whistleblower's personal safety in correspondence to Acting Director of National Intelligence, Joseph Maguire.

by | September 30, 2019 | 18:45

Better yet, you're also getting a free coffee hit but will be helping Hilton Surfers Paradise in their mission to reduce the environmental impacts of single-use coffee cups and their Hilton worldwide goal of cutting their environmental footprint in half by 2030.

by | September 30, 2019 | 16:20

According to a court filing, Forever 21 has listed assets and liabilities in the range of $1 billion to $10 billion. Forever 21 said the restructuring will allow it to focus on the profitable core part of its operations and shut some global locations.

by | September 30, 2019 | 09:35

GM workers pay 4 percent of the cost of their health insurance . "We're not accepting concessions from a company posting billions of dollars of profit", said Shawn Edwards , a worker at the Detroit-Hamtramck assembly plant. It says on the union website that the UAW will pick up the cost of the premiums. "Given this confusion, GM has chosen to work with our providers to keep all benefits fully in place for striking hourly employees, so they have no disruption to their medical care, ...

by | September 29, 2019 | 21:43

The US carrier expects the deal to boost earnings per share over the next two years and says it will not affect the company's existing financial commitments to shareholders, including free cash flow and shareholder returns. American, who has been in partnership with LATAM for decades, said that during the transition period, it will work with LATAM to ensure a smooth experience for its clients.

by | September 29, 2019 | 15:02

Updating the market September 26, IAG CFO Steve Gunning said IAG is expecting its 2019 operating profit before exceptional items to be €215 million lower than the €3.5 billion equivalent profit posted for full-year 2018. The financial impact of those pilot strikes is put at €137m. Passenger unit revenue is expected to be slightly down at constant currency, compared to flat guidance previously, and non-fuel unit costs are expected to improve at constant currency, unchanged from previous ...

by | September 29, 2019 | 14:18

Bloomberg cited an unnamed source as saying the Trump administration is considering ways to limit USA investors' portfolio flows into China . Both countries have already imposed billions of dollars of tariffs on each other's goods. Major equity indexes in Europe earlier closed higher, even as data showed slowing growth around the world. Still, the Commerce Department reports likely do not signal a recession is looming as consumer spending remains supported by solid income growth thanks to ...

by | September 28, 2019 | 15:59

OSDH advises against buying e-cigarettes and vaping products off the street and modifying products or adding substances not intended by the manufacturer. The reports, released by the US Centers for Disease Control and Prevention , offer a national picture of who's been impacted, as well as an in-depth look at the outbreak IL and Wisconsin - the first two states to report cases.

by | September 28, 2019 | 15:30

Match's own studies showed that almost 500,000 people signed up within a day of receiving one of these ads, according to the FTC. "Millions" of the accounts producing the promotions had just been named as likely cheats, the Commission stated, however, they were as yet used to create "you got their attention" advertisements with the expectation of free clients - you may pay for a membership just to locate the counterfeit courtier deleted.

by | September 28, 2019 | 13:58

Noted private banker Uday Kotak, who also attended the meeting, said private investment will respond to the reduction in corporate tax. Kotak said the private banks think in terms or "one country, one financial system". This had happened a few quarters ago, and is happening again. She quoted private bankers as telling her that slump in commercial vehicle sales is cyclical and sentiments are driving lower passenger vehicle sales.

by | September 28, 2019 | 12:45

US-listed shares of Alibaba Group Holding Ltd, Baidu Inc and Inc slipped between 1.2% and 3.6% on the news. The move would be part of a broader effort to limit USA investments into China , the source said. Data earlier showed US consumer spending barely rose in August, suggesting that the economy's main growth engine was slowing after accelerating sharply in the second quarter.