Finance

by | October 28, 2020 | 15:54

It comes amid growing anger in the Islamic world at France and its president Emmanuel Macron , who has staunchly defended free expression in the wake of the beheading of school teacher Samuel Paty , who showed cartoons of the Prophet Mohammed to his class.

by | October 28, 2020 | 03:56

However, the tech-heavy Nasdaq climbed as Microsoft Corp MSFT firmed in the run-up to its results after the closing bell, and the technology heavyweights supported the S&P500. The NYSE FANG+TM Index was up 1.4%. Merck & Co Inc gained 0.3% as it raised its full-year earnings forecast. "Overhanging the market is the growth of the virus in the US, and technology in particular seems the least exposed sector", said Rick Meckler, partner, Cherry Lane Investments, a family investment office ...

by | October 28, 2020 | 02:41

Questions have been raised on how Lee's heirs - particularly his only son, Samsung Electronics Vice Chairman Lee Jae-yong - will pay the tax while maintaining their grip on Samsung's key affiliates, including Samsung Electronics. Investors have long anticipated a shake-up in the event of Lee's death, hoping for gains from any restructuring to strengthen de facto holding company Samsung C&T's control of crown jewel Samsung Electronics.

by | October 27, 2020 | 12:56

The company will offer over 1.67 billion shares at a price of 80 Hong Kong dollars apiece, and is set to raise around 132 billion Hong Kong dollars, according to its prospectus submitted to the HKEX. and four times larger than Goldman Sachs Group Inc. "The investment thesis of Ant is a systemic valuation transfer from mainstream Chinese financial institutions such as banks to a platform that's data-driven, with a huge network effect, and enjoying nearly zero marginal costs of cross-selling", ...

by | October 27, 2020 | 10:44

Rabbitt of the Justice Department's Criminal Division. The US Justice Department has said more than $4.5 billion was stolen from 1MDB by high-level officials at the fund and their associates between 2009 and 2015. The penalty has been imposed in accordance with the fining framework of Hong Kong. The statement further said that the co-conspirators allegedly paid bribes using more than $2.7 billion in funds that Low, Leissner, and other members of the conspiracy "diverted and misappropriated ...

by | October 26, 2020 | 18:53

In the past year, the Trump administration has moved to strengthen ties with Taipei, including increasing arms sales and facilitating high-level meetings between U.S. Opposing the arms sales after a possible $620 million foreign military deal in July, China had opposed the move and said: "China decides to take measures to protect national interests".

by | October 26, 2020 | 18:27

The listing could be the world's largest initial public offering , surpassing the record set by Saudi Aramco's $29.4 billion float last December. Hong Kong stockbrokers are so confident Ant IPO will go smoothly that they're offering to let mom-and-pop investors buy the stock with as much as 20 times leverage.

by | October 26, 2020 | 12:44

News agency PTI quoted one of its spokespersons as saying, "We welcome the award of the Emergency Arbitrator". Reliance Industries (RIL) share price fell in the early trade on October 26, a day after an emergency arbitrator passed an interim order that put the Future-RIL deal on a pause .

by | October 25, 2020 | 19:53

Pelosi said on " State of the Union " before turning her attention to the coronavirus. "Now we're talking and we'll see what happens but at this moment I would say that I actually think Nancy would rather wait 'til after the election", Trump told reporters in an Oval Office appearance together with Mnuchin.

by | October 25, 2020 | 15:42

Combined with fish and shellfish processing, then the sector makes up 0.1% of UK GDP. The UK and Japan have signed a free trade agreement (FTA) in Tokyo , marking Britain's first major global business deal since Brexit. and Honda Motor Co. that rely heavily on trade with the EU. "This deal secures major wins that would be impossible as part of the European Union and brings together two of the world's most technologically advanced nations, placing the United Kingdom at the forefront of ...

by | October 25, 2020 | 14:44

But why is the Coca-Cola Company discontinuing so many products and which drinks are going to be leaving the shelves? That being said, the elimination of half of the company's beverage brands is being characterized by Coca-Cola as a growth strategy, allowing the soda company to devote more of its focus to its more profitable offerings, including Coca-Cola Zero and Topo Chico hard seltzer .

by | October 25, 2020 | 06:33

Although it is not wise to downplay on the national security concern, there are still tech fans that have expressed how much they have been missing out on the known hardware and that the company has actually proceeded to go head and head against the tech giants Apple and Samsung.

by | October 24, 2020 | 15:27

CPI without fuel covers all goods and services except unleaded petrol RON95, unleaded petrol RON97 and diesel. "August's Eat Out to Help Out scheme dragged inflation down perilously close to negative territory, so September's increase to conventional, albeit weak, price growth is a return to a semblance of normality if nothing else", says Sam Fuller, Director of Financial Markets Online .

by | October 23, 2020 | 23:43

Inc extended the timeline for its workers to resume work from office on Tuesday. The Amazon spokesperson said in a Tuesday e-mail statement that the guidelines were added globally. This will done through physical elimination, deep cleaning, temperatures inspections and hand sanitising. Apple announced in June that employees can work remotely until early 2021.

by | October 23, 2020 | 20:03

PayPal Cryptocurrency buying options will be rolling out in the United States over the next few weeks but using Crypto to buy goods and services via PayPal won't go live until " early 2021 ". Cryptocurrencies' volatility is attractive for speculators, but poses risks for merchants and shoppers. Transactions have been slower and more costly than other mainstream payment systems.

by | October 22, 2020 | 01:14

The ban, enacted months ago, was pushed off because of a lawsuit. New Yorkers use an estimated 23 billion plastic bags each year and that means plastic waste left in waterways, streets and landfills. Customers may bring with them reusable bags or pay for a paper bag. The state's law was upheld in an August 20 decision, allowing for enforcement to finally go forward.

by | October 21, 2020 | 17:37

The Dow Jones Industrial Average rose 113.37 points, or 0.40 percent, to 28,308.79. Stocks are moving higher in early trading on Wall Street Tuesday following a batch of solid earnings reports from US companies. Analysts had called for earnings of $2.13 per share on revenue of $6.38 billion. Albertsons surged 5.9% following its latest quarterly results. S&P 500 edged higher after the benchmark bounced back from Monday's selloff as House Speaker Nancy Pelosi continued to negotiate with ...

by | October 21, 2020 | 14:23

Overall, it will cut 8,500 positions or 24 percent of its normal headcount, but that includes 2,600 roles now unfilled due to cost reduction initiatives, Cathay said. "They should all be proud of everything they have accomplished with Cathay, and nothing would give us greater pleasure then to be able to hire back the people we are losing today when we return to growth in the future".

by | October 21, 2020 | 09:01

On the quicker of the two, the auto hit 533km/h; it reached 484 km/h on the "slower" run. In September a year ago, it was breaking records with its Bugatti Chiron , topping out at 304,77mph (around 490km/h) during a run at a test track at Ehra-Lessien, Germany.

by | October 21, 2020 | 04:21

But while the vote would put the Senate on record as supportive of the idea, it's not aimed at advancing the measure through time-consuming procedural steps that could interfere with a floor schedule dominated by the nomination of Amy Coney Barrett to the Supreme Court.

by | October 20, 2020 | 17:13

Retail sales rose 0.9 percent over a year earlier. As the virus spread across the globe, China started to handle their outbreak and began to reopen their economy, growing 6.8 percent in the first quarter of this year, and 3.2 percent in the April-June quarter.

by | October 20, 2020 | 12:44

Oil steadied near $41 a barrel in NY with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption. It highlighted the fears that the surging cases of global Covid-19 infections are impacting the demand in China.

by | October 20, 2020 | 07:59

Ant Group's IPO could surpass Saudi Aramco's record $29 billion sale a year ago, marking a win for the Hong Kong stock exchange that lost many of China's tech stars to USA listings. His shares are expected to start trading "days" after the USA presidential election on November 3, the person said. Ant, which is backed by Alibaba Group Holding Ltd, declined to comment.

by | October 19, 2020 | 23:45

The BoJ also plans to have financial institutions and other private entities serve as intermediaries between the central bank and end users, rather than have companies and households hold deposits directly with the BoJ, the report said.

by | October 19, 2020 | 20:37

The UK government launched an information campaign advising businesses that " time is running out " to be ready for a complex new trading chapter with a post-Brexit transition period expiring at the end of this year, deal or no deal. Regardless of whether there is a deal or not, firms will no longer be operating within the single market and will need to change they way they operate.