Markets
Renault said to flag Ghosn's Oman payments to authorities
- April 04, 2019
Renault's internal investigation is ongoing. The Renault board said it would not pay Ghosn the variable part of his pay packet for 2018, which comes on top of his fixed salary of 1 million euros ($1.13 million) for the year. He was released on bail last month after almost four months of detention. The information was provided to Renault by partner Nissan Motor, the newspaper said. (more...)
- April 04, 2019
Renault's internal investigation is ongoing. The Renault board said it would not pay Ghosn the variable part of his pay packet for 2018, which comes on top of his fixed salary of 1 million euros ($1.13 million) for the year. He was released on bail last month after almost four months of detention. The information was provided to Renault by partner Nissan Motor, the newspaper said. (more...)
Minimum Wage Increases by 4.9%
- April 03, 2019
Minimum wages in the United Kingdom will increase by nearly 5% on Monday to give roughly two million workers a pay rise. 'While the proportion of low paid jobs is now at its lowest level for 20 years, we are going further by asking Professor Arindrajit Dube, a world-leading expert in the field, to undertake a review of the worldwide evidence of minimum wages on productivity and employment'. (more...)
- April 03, 2019
Minimum wages in the United Kingdom will increase by nearly 5% on Monday to give roughly two million workers a pay rise. 'While the proportion of low paid jobs is now at its lowest level for 20 years, we are going further by asking Professor Arindrajit Dube, a world-leading expert in the field, to undertake a review of the worldwide evidence of minimum wages on productivity and employment'. (more...)
"100%" Ready To Shut Down Border, If Mexico Does Not Stop Migrants
- April 03, 2019
A few days ago when these threats first emerged, I commented Trump Threatens to Close Entire Mexican Border: Instant Recession If Carried Out . A border closing would have a significant impact on trade between the two countries, and would also hit the almost 100 Fortune 500 companies that have factories in Juarez. (more...)
- April 03, 2019
A few days ago when these threats first emerged, I commented Trump Threatens to Close Entire Mexican Border: Instant Recession If Carried Out . A border closing would have a significant impact on trade between the two countries, and would also hit the almost 100 Fortune 500 companies that have factories in Juarez. (more...)
United Kingdom services shrinks for first time since after Brexit vote
- April 03, 2019
March data revealed a marginal increase in new work received by United Kingdom construction companies, with the rate of expansion remaining subdued in comparison to the long-run survey average. "UK construction businesses ramped up their purchases of materials and other inputs, reflecting efforts to build safety stocks ahead of any potential Brexit-related disruptions". (more...)
- April 03, 2019
March data revealed a marginal increase in new work received by United Kingdom construction companies, with the rate of expansion remaining subdued in comparison to the long-run survey average. "UK construction businesses ramped up their purchases of materials and other inputs, reflecting efforts to build safety stocks ahead of any potential Brexit-related disruptions". (more...)
Inclusion of China's bonds set to boost financial integration | #AsiaNewsNetwork
- April 03, 2019
Over the next five years, overseas inflows into the domestic bond market will reach US$750 billion to US$850 billions and overseas investors' holdings in the Chinese market will climb to 5.5 to 6 percent. This in effect means that the country would have to attract more foreign exchange to fund its operations. Earlier this year, Morgan Stanley predicted that China's chronic current account surplus would turn into a deficit in the current year for the first time since 1993. (more...)
- April 03, 2019
Over the next five years, overseas inflows into the domestic bond market will reach US$750 billion to US$850 billions and overseas investors' holdings in the Chinese market will climb to 5.5 to 6 percent. This in effect means that the country would have to attract more foreign exchange to fund its operations. Earlier this year, Morgan Stanley predicted that China's chronic current account surplus would turn into a deficit in the current year for the first time since 1993. (more...)
May Brexit sensation: PM calls for pact with Jeremy Corbyn
- April 03, 2019
European Research Group (ERG) chairman Mr Rees-Mogg criticised the Prime Minister for planning to collaborate with "a known Marxist" in the Labour leader. Her decision to open the door to a cross-party compromise - which could lead to a softer Brexit - is likely to alienate members of her own Cabinet who were supporters of leaving without a deal. (more...)
- April 03, 2019
European Research Group (ERG) chairman Mr Rees-Mogg criticised the Prime Minister for planning to collaborate with "a known Marxist" in the Labour leader. Her decision to open the door to a cross-party compromise - which could lead to a softer Brexit - is likely to alienate members of her own Cabinet who were supporters of leaving without a deal. (more...)
Google India, SEA VP Rajan Anandan quits, to join Sequoia Capital
- April 03, 2019
According to an entrackr report , Anandan will join Sequoia Capital as Managing Director. At Sequoia India, Anandan will focus on the fund's accelerator initiative for startups targeting India and Southeast Asian markets, acting as an investment advisor and mentor to the programme's founders. (more...)
- April 03, 2019
According to an entrackr report , Anandan will join Sequoia Capital as Managing Director. At Sequoia India, Anandan will focus on the fund's accelerator initiative for startups targeting India and Southeast Asian markets, acting as an investment advisor and mentor to the programme's founders. (more...)
Singapore Airlines grounds two Boeing planes for engine issue
- April 03, 2019
The carrier, which was one of the first airlines to receive 787-10 aircraft, grounded two of its Boeing 787 airliners as their engines were suffering from "premature blade deterioration". Air New Zealand was badly hit by problems with earlier model Trent 1000 Package C engines which forced the grounding of up to four planes at a time over the last 16 months, major schedule disruptions and meant the airline had to charter older aircraft to plug gaps. (more...)
- April 03, 2019
The carrier, which was one of the first airlines to receive 787-10 aircraft, grounded two of its Boeing 787 airliners as their engines were suffering from "premature blade deterioration". Air New Zealand was badly hit by problems with earlier model Trent 1000 Package C engines which forced the grounding of up to four planes at a time over the last 16 months, major schedule disruptions and meant the airline had to charter older aircraft to plug gaps. (more...)
Apple Card: 5 things we just found out
- April 03, 2019
After all, if Apple admits to openly being in contention with banks and financial institutions that usually issue credit cards , it might open itself up to regulatory scrutiny. starting this summer. Your cash total is visible at all times, and you can use it to buy anything, so long as you use Apple Pay Cash. This could indeed be the ideal bridge-product for an increased "appification" of spending; leading us to believe that Apple just took one small step towards a giant leap into our ... (more...)
- April 03, 2019
After all, if Apple admits to openly being in contention with banks and financial institutions that usually issue credit cards , it might open itself up to regulatory scrutiny. starting this summer. Your cash total is visible at all times, and you can use it to buy anything, so long as you use Apple Pay Cash. This could indeed be the ideal bridge-product for an increased "appification" of spending; leading us to believe that Apple just took one small step towards a giant leap into our ... (more...)
Ford government vows to use 'every tool' to fight federal carbon tax
- April 03, 2019
The move will drive up the cost of gas, natural gas, as well as propane, butane and aviation fuel. The Liberal government says Canadians will see a refundable tax credit to compensate them called the Climate Action Incentive . A Saskatchewan court has already heard similar arguments and is expected to deliver its verdict shortly. "The proposed plan does not consider. the multiplier effects of these taxes on the people we buy things from". (more...)
- April 03, 2019
The move will drive up the cost of gas, natural gas, as well as propane, butane and aviation fuel. The Liberal government says Canadians will see a refundable tax credit to compensate them called the Climate Action Incentive . A Saskatchewan court has already heard similar arguments and is expected to deliver its verdict shortly. "The proposed plan does not consider. the multiplier effects of these taxes on the people we buy things from". (more...)
China sees factory growth for the first time in four months
- April 03, 2019
That's the highest since July past year. Zhang noted the employment situation improved significantly in March, a trend that may ease some government and investor concerns after the unemployment rate in urban areas for February rose to the highest since early 2017. (more...)
- April 03, 2019
That's the highest since July past year. Zhang noted the employment situation improved significantly in March, a trend that may ease some government and investor concerns after the unemployment rate in urban areas for February rose to the highest since early 2017. (more...)
Supreme Court declares February 12 RBI Circular ultra vires [Read Judgment]
- April 03, 2019
If the norm is failed to be complied with, the asset will have to be taken to the National Company Law Tribunal ( NCLT ) to start the insolvency proceedings against them. The RBI warned banks that not adhering to the timelines laid down in the circular, or attempting to evergreen stressed accounts, would attract stringent supervisory and enforcement actions. (more...)
![Supreme Court declares February 12 RBI Circular ultra vires [Read Judgment]](https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/24/full/1553431873-2323.jpg)
- April 03, 2019
If the norm is failed to be complied with, the asset will have to be taken to the National Company Law Tribunal ( NCLT ) to start the insolvency proceedings against them. The RBI warned banks that not adhering to the timelines laid down in the circular, or attempting to evergreen stressed accounts, would attract stringent supervisory and enforcement actions. (more...)
Texas AG investigating potential discrimination against Chick-fil-A
- April 02, 2019
Assemblyman Sean Ryan, meanwhile, took to Twitter to call out the NFTA for the decision, arguing that it was wrong for the state-funded entity to do business "with corporations who fund hateful and divisive groups" - specifically, Chick-fil-A's financial contributions to groups that fuel "anti-LGBTQ rhetoric". (more...)
- April 02, 2019
Assemblyman Sean Ryan, meanwhile, took to Twitter to call out the NFTA for the decision, arguing that it was wrong for the state-funded entity to do business "with corporations who fund hateful and divisive groups" - specifically, Chick-fil-A's financial contributions to groups that fuel "anti-LGBTQ rhetoric". (more...)
Saudi ‘shock therapy’ sends global crude prices to 5-month highs
- April 02, 2019
EDT (1440 GMT), set for a gain of 27% in the first quarter. The rally in crude oil prices remains well and sound today, with prices of the barrel of West Texas Intermediate approaching the key $62.00 mark, recording at the same time fresh YTD tops. (more...)
- April 02, 2019
EDT (1440 GMT), set for a gain of 27% in the first quarter. The rally in crude oil prices remains well and sound today, with prices of the barrel of West Texas Intermediate approaching the key $62.00 mark, recording at the same time fresh YTD tops. (more...)
Last-ditch cross-party effort launched to stop no-deal Brexit
- April 02, 2019
Friday April 12: If no extension is agreed with the European Union, and no deal is passed in the meantime, Britain will crash out of the European Union in 10 days. A no-deal Brexit was "never our desired or intended scenario" but "becomes day after day more likely", he said. Cooper said that the government could decide how long an extension to propose. (more...)
- April 02, 2019
Friday April 12: If no extension is agreed with the European Union, and no deal is passed in the meantime, Britain will crash out of the European Union in 10 days. A no-deal Brexit was "never our desired or intended scenario" but "becomes day after day more likely", he said. Cooper said that the government could decide how long an extension to propose. (more...)
Ride-sharing safety tips after SC student's slaying
- April 02, 2019
Police say Josephson, a 21-year-old senior at South Carolina's flagship university, was kidnapped and killed early Friday after she got into a auto mistakenly thinking it was an Uber . "I know it can be confusing, especially if you don't know exactly what the auto is". Uber Technologies Inc. launched a public awareness campaign in July 2017 regarding Uber scams and how riders can avoid getting into the wrong vehicle, suggesting that they check the app to make sure that the auto matches ... (more...)
- April 02, 2019
Police say Josephson, a 21-year-old senior at South Carolina's flagship university, was kidnapped and killed early Friday after she got into a auto mistakenly thinking it was an Uber . "I know it can be confusing, especially if you don't know exactly what the auto is". Uber Technologies Inc. launched a public awareness campaign in July 2017 regarding Uber scams and how riders can avoid getting into the wrong vehicle, suggesting that they check the app to make sure that the auto matches ... (more...)
Amazon: Whole Foods cuts prices to counter expensive image
- April 02, 2019
Prime members who shop at Whole Foods can expect double the number of Prime deals and discounts. Kingsview Asset Management CIO Scott Martin, FBN's Susan Li, River Twice Capital President Zachary Karabell and Barron's senior editor Jack Hough on how Whole Foods cut its workers hours after Amazon raised its minimum wage to $15. (more...)
- April 02, 2019
Prime members who shop at Whole Foods can expect double the number of Prime deals and discounts. Kingsview Asset Management CIO Scott Martin, FBN's Susan Li, River Twice Capital President Zachary Karabell and Barron's senior editor Jack Hough on how Whole Foods cut its workers hours after Amazon raised its minimum wage to $15. (more...)
In blow to Erdogan, rising Turkish political star pulls off Istanbul upset
- April 02, 2019
Sunday's poll was the first municipal ballot since Turks approved constitutional reforms in 2017 to create an executive presidency that gave Erdogan wider powers after 16 years in office. The candidate from Turkey's main opposition party appeared headed for victory in the race to become mayor of Istanbul , an influential post that launched the political career of the country's president and one he had zealously sought to keep in the hands of his ruling party. (more...)
- April 02, 2019
Sunday's poll was the first municipal ballot since Turks approved constitutional reforms in 2017 to create an executive presidency that gave Erdogan wider powers after 16 years in office. The candidate from Turkey's main opposition party appeared headed for victory in the race to become mayor of Istanbul , an influential post that launched the political career of the country's president and one he had zealously sought to keep in the hands of his ruling party. (more...)
Kellogg selling Keebler and other brands for $1.3 billion
- April 02, 2019
Next month Ferrero is expected to launch a new Nutella-filled biscuit in France, further expanding the reach of its chocolate and hazelnut spread, which was launched in 1964 by Giovanni's father Michele Ferrero . In 2018, these product lines recorded sales of almost $900 million, Kellogg said. Since Cahillane took Kellogg's reins in 2017, the company has shifted its priority to increasing sales, instead of cutting costs. (more...)
- April 02, 2019
Next month Ferrero is expected to launch a new Nutella-filled biscuit in France, further expanding the reach of its chocolate and hazelnut spread, which was launched in 1964 by Giovanni's father Michele Ferrero . In 2018, these product lines recorded sales of almost $900 million, Kellogg said. Since Cahillane took Kellogg's reins in 2017, the company has shifted its priority to increasing sales, instead of cutting costs. (more...)
Restaurant operator reports payment card data breach
- April 02, 2019
Earl Enterprises posted a statement on their website alerting customers of a data security incident that could have potentially affected the payment card information of a limited number of guests that dined at certain of Earl Enterprises' restaurants. (more...)
- April 02, 2019
Earl Enterprises posted a statement on their website alerting customers of a data security incident that could have potentially affected the payment card information of a limited number of guests that dined at certain of Earl Enterprises' restaurants. (more...)
Latest news
Oil Plummets to 17-Year Low as Broken Market Drowns in Crude