Markets
Hyundai and Kia invest £85.2m in UK-based electric van firm
- January 19, 2020
It turns out that the delivery vehicles could be the "Trojan horse" for the electricity to really take off. "The eco-friendly vehicle market in Europe is expected to grow rapidly due to reinforcement of environmental regulations", Hyundai's research and development department head Albert Biermann said. (more...)
- January 19, 2020
It turns out that the delivery vehicles could be the "Trojan horse" for the electricity to really take off. "The eco-friendly vehicle market in Europe is expected to grow rapidly due to reinforcement of environmental regulations", Hyundai's research and development department head Albert Biermann said. (more...)
Hyundai's Genesis reveals tech-laden flagship SUV
- January 18, 2020
GV80 is priced from 65.8 million won ($57,000) in Korea, slightly cheaper than of rivaling foreign-made cars in the same class. Genesis plans to release a smaller GV70 SUV later this year and add an electric model next year. Genesis has also equipped the GV80 with some kit like an active noise cancelling system that eliminates road noise, an air purification system, a driver monitoring system that monitors how alert the driver is, along with an augmented reality navigation that displays ... (more...)
- January 18, 2020
GV80 is priced from 65.8 million won ($57,000) in Korea, slightly cheaper than of rivaling foreign-made cars in the same class. Genesis plans to release a smaller GV70 SUV later this year and add an electric model next year. Genesis has also equipped the GV80 with some kit like an active noise cancelling system that eliminates road noise, an air purification system, a driver monitoring system that monitors how alert the driver is, along with an augmented reality navigation that displays ... (more...)
Carlos Ghosn’s Japanese Lawyers Quit After Former Nissan Chief Absconds
- January 18, 2020
His move, announced Thursday, was widely expected after Ghosn fled to Lebanon at the end of last month. Hironaka is respected for winning innocent verdicts in high-profile cases in this nation where the conviction rate is higher than 99%. (more...)
- January 18, 2020
His move, announced Thursday, was widely expected after Ghosn fled to Lebanon at the end of last month. Hironaka is respected for winning innocent verdicts in high-profile cases in this nation where the conviction rate is higher than 99%. (more...)
FY2019 Earnings Estimate for Tesla Inc (NASDAQ:TSLA) Issued By Oppenheimer
- January 17, 2020
In wake of the global economic slowdown, Morgan Stanley had cut nearly 2% of the workforce in December; a move that affected the bank's operations and technology units the most, as per the sources. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,531 shares of company stock worth $33,791,753. The stock had a trading volume of 10,513,127 shares, compared to its average volume of 14,797,238. (more...)
- January 17, 2020
In wake of the global economic slowdown, Morgan Stanley had cut nearly 2% of the workforce in December; a move that affected the bank's operations and technology units the most, as per the sources. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,531 shares of company stock worth $33,791,753. The stock had a trading volume of 10,513,127 shares, compared to its average volume of 14,797,238. (more...)
BlackRock issues climate change warning to investors
- January 17, 2020
The passing of the $7 trillion mark follows a decade of dramatic growth fueled by the rise of funds that trade on exchanges and mirror markets. It is at the heart of the news in France, accused by part of the opposition of trying to promote the funded retirement savings system. (more...)
- January 17, 2020
The passing of the $7 trillion mark follows a decade of dramatic growth fueled by the rise of funds that trade on exchanges and mirror markets. It is at the heart of the news in France, accused by part of the opposition of trying to promote the funded retirement savings system. (more...)
China posts weakest growth in 29 years as trade war bites
- January 17, 2020
Analysts had expected growth to dip to 5.9% from 6.2% in November. China's Shanghai Index settled at 3075.50, up 1.41 or +0.05% and Australian's S&P/ASX 200 Index finished at 7064.10, up 22.30 or +0.32%. China's economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand amid a bruising trade war with the United States took their toll, official data showed on Friday (Jan 17). (more...)
- January 17, 2020
Analysts had expected growth to dip to 5.9% from 6.2% in November. China's Shanghai Index settled at 3075.50, up 1.41 or +0.05% and Australian's S&P/ASX 200 Index finished at 7064.10, up 22.30 or +0.32%. China's economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand amid a bruising trade war with the United States took their toll, official data showed on Friday (Jan 17). (more...)
Israeli gas finally reaches Egypt as mega deal bears fruit
- January 17, 2020
Israel began exporting natural gas to Egypt on Wednesday, under a historic, 15-year deal between the two countries. "Today is a day to celebrate in the history of the relations between our two countries", Rivlin wrote to Sisi, saying that the Leviathan project "makes real the connection" between their two countries. (more...)
- January 17, 2020
Israel began exporting natural gas to Egypt on Wednesday, under a historic, 15-year deal between the two countries. "Today is a day to celebrate in the history of the relations between our two countries", Rivlin wrote to Sisi, saying that the Leviathan project "makes real the connection" between their two countries. (more...)
U.S. flight returns to airport after flames seen by wing
- January 17, 2020
Passenger Nicole Adamo tweeted that it was "the most terrifying experience of my life" watching the wing and engine. The flight was re-routed due to a mechanical issue, according to the statement. Tom Podec Aviation in a tweet showed FlightRadar24.com's image of the plane looping over North Jersey before returning to Newark'. "We just came from the Middle East, so you're thinking, oh man, is this an engine problem, is it a missile?" No injures were reported from the incident and the ... (more...)
- January 17, 2020
Passenger Nicole Adamo tweeted that it was "the most terrifying experience of my life" watching the wing and engine. The flight was re-routed due to a mechanical issue, according to the statement. Tom Podec Aviation in a tweet showed FlightRadar24.com's image of the plane looping over North Jersey before returning to Newark'. "We just came from the Middle East, so you're thinking, oh man, is this an engine problem, is it a missile?" No injures were reported from the incident and the ... (more...)
China's birth rate at lowest level in communist era
- January 17, 2020
The property market, a key growth driver, has been cooling in recent months, adding to pressure on China's slowing economy. The world's second-largest economy grew by 6.1 per cent past year, its worst performance since 1990, according to the National Bureau of Statistics. (more...)
- January 17, 2020
The property market, a key growth driver, has been cooling in recent months, adding to pressure on China's slowing economy. The world's second-largest economy grew by 6.1 per cent past year, its worst performance since 1990, according to the National Bureau of Statistics. (more...)
Bose Corp. To Shutter All North America Retail Stores
- January 17, 2020
The silver lining here is that, for folks who do want that, Bose products won't disappear from the retail world entirely: all the products now in stores at Best Buy, Target and others won't disappear, and it's possible the brand may actually have a stronger presence at those retailers once there aren't any dedicated Bose stores. (more...)
- January 17, 2020
The silver lining here is that, for folks who do want that, Bose products won't disappear from the retail world entirely: all the products now in stores at Best Buy, Target and others won't disappear, and it's possible the brand may actually have a stronger presence at those retailers once there aren't any dedicated Bose stores. (more...)
Woman Sues American Airlines Over Alleged Stalking Incident
- January 17, 2020
Ashley Barno says the worker, recognized exclusively as Ahmad, informed her she was "beautiful in her grey prime" and defined he bought her title, cellphone quantity and handle from the data on her carry-on bag. "I will be very respectful to you always". She glanced around the gate area but had no idea who or where this person was. Barno thanked him for the compliment, asking him who he was and how he got her number. (more...)
- January 17, 2020
Ashley Barno says the worker, recognized exclusively as Ahmad, informed her she was "beautiful in her grey prime" and defined he bought her title, cellphone quantity and handle from the data on her carry-on bag. "I will be very respectful to you always". She glanced around the gate area but had no idea who or where this person was. Barno thanked him for the compliment, asking him who he was and how he got her number. (more...)
OYO to lay off 1,000 employees as part of restructuring plan
- January 17, 2020
SoftBank reportedly gave Oyo a deadline of March 31, 2020, to phase out contracts or businesses that are not EBITDA-profitable. Acknowledging the severity of his decision and apologising to his "OYOprenuers", Ritesh said that the company will do everything to ensure that the outgoing employees receive as much assistance and support as possible. (more...)
- January 17, 2020
SoftBank reportedly gave Oyo a deadline of March 31, 2020, to phase out contracts or businesses that are not EBITDA-profitable. Acknowledging the severity of his decision and apologising to his "OYOprenuers", Ritesh said that the company will do everything to ensure that the outgoing employees receive as much assistance and support as possible. (more...)
Confident consumers lift U.S. retail sales in December
- January 17, 2020
The U.S. central bank has signaled that it could keep interest rates unchanged at least through this year after reducing borrowing costs three times in 2019. A separate Labor Department report January 16 showed the import price index rose 0.3% in December from November, the most since March, and 0.5% from a year earlier. (more...)
- January 17, 2020
The U.S. central bank has signaled that it could keep interest rates unchanged at least through this year after reducing borrowing costs three times in 2019. A separate Labor Department report January 16 showed the import price index rose 0.3% in December from November, the most since March, and 0.5% from a year earlier. (more...)
Indigenous leaders meet to discuss implications of Canadian reconciliation efforts
- January 17, 2020
The LNG Canada project and connected $6.6-billion Coastal GasLink pipeline has the support of all 20 elected First Nations council along the route but a group of hereditary chiefs from the Wet'suwet'en Nation, in north-central B.C. Those entering the area on the road are being stopped by police and given a copy of the court's injunction, as well as being informed about hazards and road conditions. (more...)
- January 17, 2020
The LNG Canada project and connected $6.6-billion Coastal GasLink pipeline has the support of all 20 elected First Nations council along the route but a group of hereditary chiefs from the Wet'suwet'en Nation, in north-central B.C. Those entering the area on the road are being stopped by police and given a copy of the court's injunction, as well as being informed about hazards and road conditions. (more...)
Piyush Goyal calls Amazon's $1 billion investment in India 'no big favour'
- January 17, 2020
The remark from the Indian minister comes days after the nation's antitrust watchdog announced a probe into Amazon India and Walmart-owned Flipkart's alleged predatory practices. Goyal said how can a marketplace make such a big loss unless they are indulging in " predatory pricing or some unfair trade practices". Authorities will seek those answers, he said at Raisina Dialogue, a multilateral conference held annually in New Delhi . (more...)
- January 17, 2020
The remark from the Indian minister comes days after the nation's antitrust watchdog announced a probe into Amazon India and Walmart-owned Flipkart's alleged predatory practices. Goyal said how can a marketplace make such a big loss unless they are indulging in " predatory pricing or some unfair trade practices". Authorities will seek those answers, he said at Raisina Dialogue, a multilateral conference held annually in New Delhi . (more...)
JPMorgan Chase reports record profits, while Wells Fargo eyes cost cuts
- January 16, 2020
EdgePoint Investment Group Inc. now owns 16,801,143 shares of the financial services provider's stock worth $795,030,000 after purchasing an additional 612,837 shares during the last quarter. Several other large investors also recently modified their holdings of the stock. Finally, Buckingham Research set a $47.00 target price on shares of Wells Fargo & Co and gave the stock a "hold" rating in a research report on Monday, September 30th. (more...)
- January 16, 2020
EdgePoint Investment Group Inc. now owns 16,801,143 shares of the financial services provider's stock worth $795,030,000 after purchasing an additional 612,837 shares during the last quarter. Several other large investors also recently modified their holdings of the stock. Finally, Buckingham Research set a $47.00 target price on shares of Wells Fargo & Co and gave the stock a "hold" rating in a research report on Monday, September 30th. (more...)
Tesla to dish out US$346mln pay package for Elon Musk
- January 16, 2020
Musk would earn the first tranche if Tesla's market capitalization hits and stays at $100 billion. So far, the stock's 25% surge has pushed its market capitalization to new highs, making it the highest-valued United States automaker of all time, and worth more than Ford and GM combined . (more...)
- January 16, 2020
Musk would earn the first tranche if Tesla's market capitalization hits and stays at $100 billion. So far, the stock's 25% surge has pushed its market capitalization to new highs, making it the highest-valued United States automaker of all time, and worth more than Ford and GM combined . (more...)
S&P, Dow notch record highs ahead of signing of trade deal
- January 16, 2020
The trade agreement clears the way for investors to focus on upcoming quarterly earnings reports, including the outlooks companies provide in light of the deal. Health care stocks powered much of the market's gains Wednesday. It also binds Beijing to avoid currency manipulation to gain an advantage and includes an enforcement system to ensure promises are kept. (more...)
- January 16, 2020
The trade agreement clears the way for investors to focus on upcoming quarterly earnings reports, including the outlooks companies provide in light of the deal. Health care stocks powered much of the market's gains Wednesday. It also binds Beijing to avoid currency manipulation to gain an advantage and includes an enforcement system to ensure promises are kept. (more...)
US & China sign ‘phase one’ trade deal to ease global economic tensions
- January 15, 2020
Trump welcomed Beijing's delegation, led by Vice Premier Liu He, for the signing ceremony in the East Room of the White House. As part of the accord, Beijing agreed to import an additional $200 billion in USA products over two years, above the levels purchased in 2017, before Trump launched his offensive, including an additional $32 billion in agricultural goods. (more...)
- January 15, 2020
Trump welcomed Beijing's delegation, led by Vice Premier Liu He, for the signing ceremony in the East Room of the White House. As part of the accord, Beijing agreed to import an additional $200 billion in USA products over two years, above the levels purchased in 2017, before Trump launched his offensive, including an additional $32 billion in agricultural goods. (more...)
Google acquires e-commerce startup Pointy for a reported $163M
- January 15, 2020
Pointy is headquartered in Dublin, and allows people to check what their local shops now have in stock. And as you view the item in question, you can scroll down to read aggregated customer reviews. "Since organising the world's information is core to what we do, we've been working to make it easier for local merchants to better showcase their products to interested shoppers on Google". (more...)
- January 15, 2020
Pointy is headquartered in Dublin, and allows people to check what their local shops now have in stock. And as you view the item in question, you can scroll down to read aggregated customer reviews. "Since organising the world's information is core to what we do, we've been working to make it easier for local merchants to better showcase their products to interested shoppers on Google". (more...)
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